Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Jefferies Virtual Industrials Conference 2021
20 slides from Green Plains's conference presentation, Aug 3, 2021
Slide 1: Jefferies Virtual Industrials Conference
Jefferies Virtual Industrials Conference August 3-4, 2021
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: Our Transformation is Underway
Our Transformation is Underway . . . • Green Plains (GPRE) is transforming from traditional ethanol into a sustainable biorefinery platform, innovating through ag technology to produce higher-value products with stable cash flows, for tomorrow’s sustainable economy • Investments in critical technolo
Slide 4: … to a Sustainable Future
… to a Sustainable Future Tracking our Transformation Through Milestones Milestones Completed Key Milestones Partner with Novozymes in protein production Announce Fagen, Inc. as general contractor to accelerate protein Ultra-High Protein production begins at Shenandoah construction biorefinery
Slide 5: We Have Created a Powerful Ag Tech Platform
We Have Created a Powerful Ag Tech Platform Acquisition and partnerships accelerate technology deployment • The company owns significant intellectual property and is one of the only commercially proven sustainable ultra-high protein technologies for dry mill production facilities • Successful operat
Slide 6: Introducing the Biorefinery Platform of the Future
Introducing the Biorefinery Platform of the Future Our biorefineries’ role in whole kernel solutions • Fluid Quip provides the cornerstone technology for our sustainable transformation, creating a powerful ag tech platform • Transforms the commodity into its most valuable components – proteins, oils
Slide 7: Five Main Verticals in Addition to 1.0 Platform
Five Main Verticals in Addition to 1.0 Platform • Sustainable Ultra-High Protein - sustainable ingredients for high-value global markets in pet, aquaculture, dairy and poultry industries • Renewable Corn Oil – responsible low carbon feedstock for high-growth renewable diesel industry • Specialty Alc
Slide 8: Protein Drives a Transformation Inflection Point
Protein Drives a Transformation Inflection Point ... Protein and Corn Oil Drive Gross Margin • As Ultra-High Protein is deployed, our Improvement platform transitions to potentially higher gross margins, even prior to potential 300 12.0% Gross Margin ($ Millions) uplift from the J-curve 250 10.0% Gr
Slide 9: Toward Our 2024E Run-Rate EBITDA
… Toward Our 2024E* Run-Rate EBITDA Assumptions • Assets produce at 95% of capacity on 958 MGY of capacity • Potential contributions from fuel ethanol business excluded $600 Sustainable Ultra-High Protein • Protein capital investment of ~$400M based on 11 ethanol plants, with ~$340M remaining to be
Slide 10: Sustainable Ultra-High Protein – Our New Product
Sustainable Ultra-High Protein – Our New Product Sustainable Ultra-High Protein Product Advantages • Flexible protein concentration starting at 50% • Animal free source: vegetable (75%) and fungal (25%) • Cornerstone ingredient for developing new feed rations, freedom of formulation • High digestibi
Slide 11: Protein Technology Generates Structural Uplift
Protein Technology Generates Structural Uplift Sustainable Ultra-High Protein • Biorefinery economics see significant improvement Pricing Comparison $700 • Base Ultra-High Protein at 50% is valued at ~ 2.5x distillers UHP price over grains values, driven by traditional relationship between corn $600
Slide 12: Creating Value Through Protein Innovation
Creating Value Through Protein Innovation Sustainable Ultra-High Protein J-Curve of Protein Opportunity Gen II Developments • World protein demand is growing across every major sector driven by population growth, economics and availability Fishmeal • Sustainable ultra-high protein production technol
Slide 13: Corn Oil, A Responsible Renewable Diesel Feedstock
Corn Oil, A Responsible Renewable Diesel Feedstock Renewable Corn Oil Renewable Corn Oil Demand Growth Taking Advantage of the Unique Drivers in Renewable Corn Oil Renewable Corn Oil Price (Cents per Pound) • Fluid Quip’s MSC™ protein technology Driven by sustainability initiatives, renewable 60 enh
Slide 14: Premium High-Purity, Specialty Alcohol
Premium High-Purity, Specialty Alcohol Specialty Alcohol Industry Update US Annual Sales of Cleaning • Consumer demand for sanitizers and disinfectants has vastly accelerated with Products ($bn) the ongoing COVID-19 pandemic and heightened consumer awareness of $4 infection prevention $3.4 • Special
Slide 15: Clean Sugar Market
Clean Sugar Market Clean Sugar • New sugar demand growth is being driven by biology focused companies who use sugar as a feedstock for their bio-processes ꟷ Increased penetration of bio-based processes drives additional ‘sugar’ needs of 7-14 billion pounds ꟷ Growing demand for fermentation to produc
Slide 16: Carbon Capture and Sequestration Initiatives
Carbon Capture and Sequestration Initiatives Carbon Capture and Sequestration Opportunity to increase margins by $0.15 / gallon with no capital required from the ethanol facilities, in addition to potential for carbon credits, 45Q tax incentives and direct returns on investments in the pipeline and
Slide 17: A Real ESG Story
A Real ESG Story Carbon Capture and Sequestration (CCS) • Zero Carbon Footprint – With an opportunity to meter and sequester carbon, Green Plains can lead a zero- carbon footprint for the renewable fuels industry, creating one of the largest projects globally • Lower CI Scores – Biofuels from plants
Slide 18: Investment Highlights
Investment Highlights MSC™ Protein • Strong balance sheet with ample liquidity to execute our MSC™ protein strategy Fully Funded • Fully funded implementation of MSC™ Ultra-High Protein technology across the platform • Fluid Quip owns a significant disruptive IP portfolio that adds value to several
Slide 19: www.gpreinc.com
www.gpreinc.com LinkedIn | Facebook | Twitter | Instagram
Slide 20: Glossary
Glossary • BOS – Brix Oil Separation System • CCS – Carbon Capture and Storage • CI – Carbon Intensity • CST – Clean Sugar Technology • DDG – Dried Distillers Grains • FQT – Fluid Quip Technologies • GPRE – Green Plains Inc. • GPP – Green Plains Partners • LCFS – Low Carbon Fuel Standard • MGY – Mil
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