Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q3 2024 Earnings Presentation
15 slides from Montauk Renewables's earnings presentation, Nov 12, 2024
Slide 1: Investor Presentation – Third Quarter 2024 Results
Investor Presentation THIRD QUARTER 2024 RESULTS NOVEMBER 12, 2024
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information This presentation contains “forward-looking statements” within the meaning of U.S. federal securities laws. Such statements include, among others, those we make relating to our estimated and projected financial conditi
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Quarter Ended September 30, 2024
Operational Results – Quarter Ended September 30, 2024 (in thousands, unless otherwise indicated) All comparisons are between the third quarter ended September 30, 2024 and the third quarter ended September 30, 2023, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – Flat MMBtu produ
Slide 5: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 5
Slide 6: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 6
Slide 7: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net income include: – $3,666 adjustments to working capital and other assets and liabilities – $8,616 accounting for stock-based compensation Investing activities highlights include: – $24,977 capital expenditures for Mon
Slide 8: Business Development: RINs Generated but Unsold
Business Development RINs Generated but Unsold (in thousands, unless otherwise indicated) Select historical data related to RINs generated, RINs unsold, and RINs generated but unsold: RIN commitments from fourth quarter RNG production at average price of $3.51 8
Slide 9: Business Development: Capital Development Summary
Business Development Capital Development Summary (in thousands, unless otherwise indicated) The following summarizes our ongoing development growth plans expected capacity contribution, anticipated commencement of operations, and capital expenditure estimate, respectively, excluding the Montauk Ag R
Slide 10: RNG Facility Developments – Third Quarter 2024 Highlights
Business Development RNG Facility Developments – Third Quarter 2024 Highlights Second Apex RNG Facility: – Continue to expect commercial operations in second quarter of 2025 Blue Granite RNG Facility: – Continue to review various alternatives related to interconnection opportunities – Utility distri
Slide 11: Montauk Ag Renewables
Business Development Montauk Ag Renewables 2024 Highlights – Gas interconnection design submitted for regulatory approval – Electricity interconnection survey and pre-construction activities commenced – Continue to bring additional farms under contract to secure additional feedstock supply – In Octo
Slide 12: Carbon Dioxide Beneficial Use Opportunity
Business Development Carbon Dioxide Beneficial Use Opportunity (in thousands, unless otherwise indicated) Third Quarter 2024 Highlights – Received equipment proposals from multiple vendors – Capital investment is estimated to range between $65,000 and $75,000 12
Slide 13: Strategic Growth Opportunity Pipeline
Business Development Strategic Growth Opportunity Pipeline Positioned for continued growth, with on-going evaluation of various strategic opportunities: – Multiple LFG RNG and CNG distribution opportunities in various stages of evaluation – Exploring wastewater treatment to RNG project opportunities
Slide 14: Appendix
Appendix MONTAUK
Slide 15: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 15