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Verbio — VERBIO Vereinigte BioEnergie — FY2021/22 Earnings Presentation
19 slides from Verbio's earnings presentation, Sep 27, 2022
Slide 1: VERBIO AG 2021/2022 and Q4
VERBIO AG 2021/2022 and Q4 Claus Sauter (CEO), Olaf Tröber (CFO) September 27, 2022 © VERBIO IR, September 27, 2022
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information, which is based on assumptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Even though company management believes that these assumptions and estimates are correct, the actual future development and act
Slide 3: Agenda
Agenda 1. FY 21/22 Highlights 2. Strategic Highlights in FY 21/22 3. Market Development in FY 21/22 4. Financial Performance: FY 21/22 Figures 5. Financial Performance: Q4 21/22 Deep Dive 6. Outlook 7. Climate Goals © VERBIO IR, September 27, 2022 3
Slide 4: FY 21/22 Highlights
FY 21/22 Highlights Record EBITDA, again! Our global expansion is well underway. +203% yoy € 503m EBITDA Production and CO2 savings in kt / GWh Gas TTF €/MWh We generated 2.6m tons CO2 savings for our clients! 350 3,000 FY'20/21 FY'21/22 2,594 300 Climate Protection and 2,500 Energy Security are the
Slide 5: Strategic Highlights in FY 21/22
Strategic Highlights in FY 21/22 Introduction Olaf Tröber, CFO & New Board Structure: Setting up for further growth Claus Sauter, CEO Olaf Tröber, Prof. Dr. Oliver Theodor Bernd Sauter, Stefan Schreiber, CFO Lüdtke, CTO Niesmann, CTO CEO Europe CEO North America © VERBIO IR, September 27, 2022 5
Slide 6: Strategic Highlights in FY 21/22
Strategic Highlights in FY 21/22 Consistent Pursuit of Growth Potential in FY’21/22 GLOBALISATION DIVERSIFICATION EXPANSION © VERBIO IR, September 27, 2022 6
Slide 7: Market Development in FY 21/22
Market Development in FY 21/22 Mandate Development in Key End Markets Double-counting of Advanced Biofuels since Jan’22 End market Mandate 2021 2022 2030 > 30% of VERBIO‘s annual Germany GHG Reduction 5% 6% 25% capacities (in t CO2 savings*) in USA Cellulosic fuels in 560 630 FY‘22/23 are million ga
Slide 8: Market Development in FY 21/22
Market Development in FY 21/22 VERBIO contributes to Energy Security and Climate Protection Gas TTF €/MWh 350 Comments 300 The high prices for fossil gas strengthen the competitiveness of VERBIO’s RNG 250 and increase the attractiveness of biomethane also outside of the transport sector 200 VERB
Slide 9: Financial Performance: FY 21/22 Figures
Financial Performance: FY 21/22 Figures Key figures in FY 21/22: Another record year Production EBITDA Net cash ROCE* in kt and GWh in € m in € m in % Biodiesel/-ethanol in kt RNG in GWh +203% +184% +37pp 885,0 834,5 838,1 794,8 FY'20/21 FY'21/22 RNG: Strong rise due to higher Record EBITDA in line
Slide 10: Financial Performance: Q4 2021/22
Financial Performance: Q4 2021/22 Group EBITDA by segment Q4'21/22 vs Q4'20/21 in €m Q4'21/22 record EBITDA exceeds FY'20/21 EBITDA Comments 600 Q4 21/22 EBITDA margin up 15.5pp to 32.8% (previous year: 17.3%), EBITDA +252%: 503 500 Strong gross profit per unit of product despite tight feedstock m
Slide 11: Financial Performance: Q4 2021/22 – Segment Biodiesel
Financial Performance: Q4 2021/22 Segment Biodiesel +178% increase in EBITDA driven by attractive gross margin Comments 1,500 Q4 21/22 EBITDA margin up 10.5pp to 26.7% Sales in €m Production in kt 1,270 (previous year: 16.2%): 1,000 730 Higher sales prices and partially secured 601 574 raw materia
Slide 12: Financial Performance: Q4 2021/22 – Segment Bioethanol
Financial Performance: Q4 2021/22 Segment Bioethanol +446% increase in EBITDA driven by strong demand for CO2 reduction Comments 1,500 Sales in €m Q4 21/22 EBITDA margin up 25.9pp to 46.1% Bioethanol Production in kt (previous year: 20.2%): 1,000 RNG Production in GWh 885 795 Substantially higher
Slide 13: Outlook: Financial Outlook
Outlook Financial Outlook: Energy Security and Climate Protection €m 2022/2023 2021/2022 2021/2022 Forecast Actual Initital Guidance EBITDA 300 503.3 150 Net Cash 30 284.1 50 Comments EBITDA assumptions are based on: Current sales-, raw-material- and energy-price-levels Planned production capaci
Slide 14: Outlook: Strategic Outlook
Outlook Strategic Outlook: Capitalizing on structural growth € 300m+ capex plan Comments 2500 Expansion in Germany: On track Biodiesel in kt Advanced Biodiesel in kt Bioethanol in kt 1980+ 2000 USA: 160 GWh RNG plant operational, Nevada RNG in GWh Chemicals in kt biorefinery roll-out running 150
Slide 15: Outlook
Outlook Our contribution to society and climate protection is in high demand. © VERBIO IR, September 27, 2022 15
Slide 16: Climate Goals
Climate Goals Adding Value by Protecting our Climate In 2021/2022, we… In 2025, we… ... will enable our customers to …enabled our customers to save 2.6m > 8.0m save at least 8m tonnes of CO2* at least 2.6m tonnes of CO2* By 2035, we… …emitted less than 0.2m tonnes 0.2m 2 0.0m ... want to be
Slide 17: Q&A VERBIO Vereinigte BioEnergie AG
Q&A VERBIO Vereinigte BioEnergie AG Ritterstr. 23 • 04109 Leipzig • Germany Tel: +49 341 308530-0 • Fax: +49 341 308530-999 ir@verbio.de • www.verbio.de
Slide 18: Business model: Flexible set-up allows for value chain optimization
Business model: Flexible set-up allows for value chain optimization Feedstocks Unique Renewable End-use VERBIO molecules segments Biorefineries Proprietary and Renewable Sterol Transport Agricultural residues unique production Natural Gas Alcohol processes : Biodiesel Pharmaceuticals Non-food-grade
Slide 19: …supported by global diversification
…supported by global diversification Yielding upside leverage and downside resilience © VERBIO IR, September 27, 2022 19
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