Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Green Plains Renewable Energy — Merger or Acquisition (May 2008)
16 slides from Green Plains's merger presentation, May 9, 2008
Slide 1: Focusing on the Fundamentals of Ethanol
Mi, GPRE _ May 8, 2008 NV Focusing on the Fundamentals of Ethanol
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements based on current expectations that involve a number of visks and uncertainties. Generally, forward-looking statements do not velate strictly to historical or current Jats, cluding statonents concerning plans and objecti
Slide 3: Notes
Notes Jn cammection with the proposed mansaction berwean Green Plains Renewable Energy and VEV LLC Green Plains Renewable Energy will fle a regismation statement on Form 54 vith the SEC. Sich regisnation statement will imchide a proxy statment of Green Plans ‘Renewable Energy that alo aonstintes a p
Slide 4: Green Plains' Merger with VBV and its Subsidiaries
ent @e © CGPRE) Green Plains’ Merger with VBV and its Subsidiaries
Slide 5: VBV and its Operating Subsidiaries to Merge with Green Plains
VBV and its Operating Subsidiaries to Merge with Green Plains + Green Plains will issue common stock and options totaling 11.139 million shares to equity holders of VBV and its operating subsidiaries + VBV will bring two fully-funded 110 MMGY (expected operating) ethanol plants (Indiana Bio-Energy,
Slide 6: Other Key Transaction Terms
Other Key Transaction Terms + Senior Management — Wayne Hoovestol will remain CEO for a transition period of up to one year after closing — Todd Becker, VBV’s CEO, will initially serve as President and COO and then become CEO = Terry Peters will remain CFO + Board of Directors = Combined company wil
Slide 7: Transaction Rationale
Transaction Rationale € GPRE
Slide 8: Who is GPRE?
Who is GPRE? + Two 50 (nameplate) / 55 (expected operating) MMGY plants which are fully expandable — Shenandoah, Iowa: Constructed by Fagen with ICM technology (production started in August 2007) = Superior, Iowa: Under construction by Agra with Delta T technology (anticipated production date in lat
Slide 9: Who is VBV?
Who is VBV? + Joint venture between NTR ple (international renewable energy and sustainable waste management company) and Wilon Holdings 8.A. (Switzerland-based investment group) + VBV owns majority of two 100 (nameplate) / 110 (expected operating) MMGY plants = Obion, TN Ethanol Grain Processors, L
Slide 10: Combined Company Org Chart
Combined Company Org Chart Green Plains Renewable Green Plains Perel Ethanol Grain Essex es Superior Indiana Bio Grain Company | | Elevator, Inc. Ethanol LLC | | Energy, LLC | | Processors,
Slide 11: Additional Value Drivers
Additional Value Drivers Common philosophy of participating and integrating along more segments of the value chain Green Plains recently completed acquisition of Green Plains Grain (formerly Great Lakes Cooperative ) = Added 14.7 million bushels of grain storage capacity = Enhanced ability to manage
Slide 12: Management Team
Management Team WAYNE B. HOOVESTOL — Chief Executive Officer & Director: Mr. Hoovestol was elected to the board of Green Plains in March 2006, Aer attending North Dakota State University in Fargo, ND, and later the Univesity of Minnesota, Mz, Hoavestol ‘began operating Hoovestol Inc. and Major Trans
Slide 13: Transaction Review
Transaction Review 6 Millins) VEV Entities Shares (Millions) 14 Equity Value $111 Primary Equity Investment 2 60 Pro Forma Equity Value B m Pro Forma Debt 150 212 Enterprise Value $298 $383 Expected Operating Gallons (MMGY) 110 220
Slide 14: Pro Forma Ownership
Pro Forma Ownership TBE Pt 4 EGP Plant Investors 94% Existing GPRE Shareholders 31.6% VBV (Shares from Primary Equity Investment) 24.3% VBV (Shares from Merger) 30.4% CGPRE’
Slide 15: Investment Recap
Investment Recap + Creates one of the largest publicly-traded “pure play” ethanol companies in the U.S. + Accretive to Green Plains’ earnings per share in fiscal year 2009 * Diversified producer with stronger balance sheet + Increased operational scale and critical mass + Will pursue opportunities t
Slide 16: wQyg
wQyg GPRE |
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