Slide 1: VERBIO AG Q2 2022/2023
VERBIO AG Q2 2022/2023 Claus Sauter (CEO), Alina Köhler (IR) February 09, 2023 © VERBIO IR, February 09,2023
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. New Segment Reporting: Starting 2023/24 2. Key Highlights in H1 and Q2 22/23 3. Group Financials: Q2 22/23 4. Segment Financials: Q2 22/23 5. Update & Outlook © VERBIO IR, February 09,2023 3
Slide 4: New Reporting System: Starting 2023/24
New Reporting System: Starting 2023/24 1st Gen Fuels Advanced 2nd Gen Fuels Specialities Based on arable feedstocks Based on waste and Includes high-quality pharma (e.g. non-food-grade grains, residues (e.g. corn stover, glycerine, sterols, chemical oilseeds) wheat straw, rice paddy) feedstock
Slide 5: Key Highlights in H1 and Q2 2022/23
Key Highlights in H1 and Q2 2022/23 Record RNG production levels in H1 and Q2 2022/23 VERBIO generated 1.5m tonnes of CO2 savings 2nd Gen in H1 2022/23 – this compares to 1.5m people 1.5m giving up their round trips from Paris to New tonnes CO2 York! savings 1st Gen Approx. 40% of CO2 savings
Slide 6: Group Financials: Q2 22/23
Group Financials: Q2 22/23 Key figures in Q2 22/23: RNG production again at a record level Production EBITDA Net cash Equity ratio in kt* and GWh in € m in € m in % Biodiesel in kt Bioethanol in kt RNG in GWh -67% -32% +1.5pp 261.1 261,9 214.8 74,0% 147,0 72,5% 158.0 177,5 155.2 68.2 71.3 48,9 Q2 21
Slide 7: Group EBITDA by Segment: Diversified Portfolio Drives Profits
Group Financials: Q2 22/23 Segment Overview: Diversified Portfolio Drives Profits Group EBITDA by Segment Q2 22/23 vs Q2 21/22 in €m Comments 160.0 147.0 Higher sales in the Biodiesel segment 140.0 overcompensate lower sales in the -49.1 Bioethanol segment 120.0 50.2 100.0 EBITDA burdened by: 80
Slide 8: Biodiesel: EBITDA above long-term Average
Segment Financials: Q2 22/23 Biodiesel: EBITDA above long-term Average Segment Biodiesel Comments 500.0 Sales in €m Production in kt Record production levels 400.0 357.4 324.1 300.0 Revenues increased 6% yoy thanks to 200.0 155.2 158.0 higher sales prices for high-value 100.0 glycerine and for b
Slide 9: Biodiesel Market Development: Normalizing Spreads
Segment Financials: Q2 22/23 Biodiesel Market Development: Normalizing Spreads Spreads in €/t Biodiesel and Rapeseed oil in €/t Biodiesel 700 2500 600 500 2000 400 1500 300 200 1000 100 0 500 Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Biodiesel in 2022/23 Rapeseed oil in 2022/23 -100 -200 0 20
Slide 10: Bioethanol: Full Earnings Benefit from RNG will be Visible in Future Periods
Segment Financials: Q2 22/23 Bioethanol: Full Earnings Benefit from RNG will be Visible in Future Periods Segment Bioethanol Comments 300.0 261.1 Sales in €m Bioethanol Production in kt RNG Production in GWh 250.0 214.8 Record RNG production levels 200.0 150.0 131.7 123.3 Fall in ethanol price (
Slide 11: Bioethanol: Maximizing Downstream Margin Capture for RNG
Segment Financials: Q2 22/23 Bioethanol: Maximizing Downstream Margin Capture for RNG Comments VERBIO is continuing to follow the strategy of increasing inventory of biomethane in order to be able to capture the entire product margin using its own BioCNG/BioLNG infrastructure Approx. 700 GWh sto
Slide 12: Bioethanol Market Development: Easing Conditions in H2 22/23
Segment Financials: Q2 22/23 Bioethanol Market Development: Easing Conditions in H2 22/23 Spreads in €/t Bioethanol and Wheat in €/t Bioethanol 700 1600 600 1400 500 1200 400 1000 300 800 200 600 100 0 400 Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Bioethanol in 2022/23 Wheat in 2022/23 -100 2
Slide 13: Update & Outlook: Status Quo and Next Steps
Update & Outlook Status Quo and Next Steps Expansion in Germany: Fully on track USA: 160 GWh straw-based RNG plant operational with c. 50%+ capacity utilisation, Nevada biorefinery roll-out running, mechanical completion of biorefinery expected by spring India: 160 GWh straw-based RNG plant op
Slide 14: Fully on Track to Achieve Full Year Targets
Update & Outlook Fully on Track to Achieve Our Full Year Targets of € 300m EBITDA and € 30m Net Cash H1 22/23 figures are a good basis for the current fiscal year Accelerated investments in advanced biofuels, globalisation and diversification of end-markets expected in €m H1 22/23 FY 22/23E EBIT
Slide 15: 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 16: Glossar
Glossar 1st Gen Biofuel: First Generation Biofuel 2nd Gen Biofuel: Second Generation Biofuel RNG: Renewable Natural Gas = Biomethane © VERBIO IR, February 09,2023 16