Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Q3 2024 Earnings Presentation
12 slides from Green Plains's earnings presentation, Oct 31, 2024
Slide 1: Third Quarter 2024 Business Update
Third Quarter 2024 Business Update October 31, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements that reflect management’s current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertaint
Slide 3: Third Quarter 2024 Results
Third Quarter 2024 Results Results of Operations • Net income attributable to Green Plains of $48.2 million, or EPS of $0.69 per diluted share • EBITDA of $83.3 million, inclusive of a $30.7 million gain on sale of assets • Cash and cash equivalents, and restricted cash of $252.0 million and $228.5
Slide 4: Business Activity & Updates
Business Activity & Updates • Achieved record high ethanol and Ultra-High Protein yields for the quarter with record protein production of 68,900 tons along with record renewable corn oil production • ‘Advantage Nebraska’ strategy on track with pipeline partner receiving their first Class VI well pe
Slide 5: Carbon Capture & Sequestration
Green Plains CARBON CAPTURE & SEQUESTRATION Carbon across our platform + The low carbon-intensity biofuels we produce have always been renewable, The corn we purchase from our farmer customers absorbs CO2 from the atmosphere as it grows, some of which is sequestered in the soil, with the majority co
Slide 6: Selected Operating Data
Selected Operating Data (in thousands) For the three months ended September 30, 2024 2023 Ethanol production Ethanol (gallons) 220,299 223,469 Distillers grains (equivalent dried tons) 489 514 Ultra-High Protein (tons) 69 61 Renewable corn oil (pounds) 77,074 74,227 Corn consumed (bushels) 75,140 76
Slide 7: Consolidated Crush Margin
Consolidated Crush Margin For the three months ended September 30, 2024 2023 (in millions) Ethanol production Operating income (1) 35.3 $ 23.9 Depreciation and amortization 21.4 22.6 Total adjusted ethanol production $ 56.7 $ 46.5 Intercompany fees and nonethanol operating activities, net (2) 1.6 6.
Slide 8: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement (in millions, except per share amounts) For the three months ended September 30, 2024 2023 Revenues $ 658.7 $ 892.8 Costs and expenses 602.6 871.6 Operating income $ 56.1 $ 21.2 Other expense (7.9) (2.8) Income tax benefit 0.8 7.8 (Loss) income from equity met
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data (in millions, except per share amounts) For the period ending Sep. 30, 2024 Dec. 31, 2023 Cash and cash equivalents, and restricted cash $ 252.0 $ 378.8 Working capital $ 141.9 $ 99.7 Working capital financing (1) (123.1) (106.0) Working capital, net $ 18.8 $ (6.3) Net inve
Slide 10: Appendix
Appendix 10 GREEN PLAINS INC.
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation (in millions) For the three months ended September 30, 2024 2023 Net income $ 48.6 $ 26.3 Interest expense 10.1 9.6 Income tax benefit, net of equity method income taxes (1.5) (7.8) Depreciation and amortization (1) 26.1 23.9 EBITDA $ 83.3 $ 52.0 Other income (2) — (3.4) Gain
Slide 12: Thank you
Thank you gpreinc.com 12 GREEN PLAINS INC.