Slide 1: Creating sustainable food, feed and fuel ingredients for a growing population
Creating sustainable food, feed and fuel ingredients for a growing population 1 May 2014 Exhibit 99.1
Slide 2: Forward-looking statements
Creating sustainable food, feed and fuel ingredients for a growing population This presentation contains forward‐looking statements regarding the business operations and prospects of Darling Ingredients Inc. and industry factors affecting it. These statements are identified by words such as “may,” “
Slide 3: From 2003, together we built...
Creating sustainable food, feed and fuel ingredients for a growing population 3 From 2003, together we built... The largest and most innovative recycling solutions company serving the nation’s food industry... • Over 120 locations across U.S. • Approx. 4,000 employees • $1.7+ billion in revenues 3
Slide 4: Now 2014: a global growth platform
Creating sustainable food, feed and fuel ingredients for a growing population 4 Now....... 2014 A global growth platform for the development and production of sustainable natural ingredients from edible and inedible bio‐nutrients, creating a wide range of products and customized specialty solutions
Slide 5: Our Strengths Today
2 0 1 3 • #1 position globally in value‐added ingredients from the protein industry • Global platform focused on margins and emerging market potential • Strong cash generation model Our Strengths Today: 5 RAW MATERIAL SOURCING EXPANSION‐Wastewater value add; Access to DAF/SPN from food processing pl
Slide 6: Improvement by Nature
Creating sustainable food, feed and fuel ingredients for a growing population Improvement by Nature • Gelatin • Casings • Functional Proteins • Food Grade Fats • Heparin • Glue • Proteins • Fats • Plasmas • Hides • Bakery Feeds • Organic Fertilizers • Renewable Fuels • Green Gas • Green Electricity
Slide 7: A World Leader in Bio-Nutrient Transformation
Over 200 locations on 5 continents Asia/Australia: 14 locations A World Leader in Bio‐Nutrient Transformation 7 Europe : 51 locationsNo. America : 135+ locations So. America: 3 locations 7
Slide 8: Company Profile: Food, Feed & Fuel
Company Profile Business Segments Growth Strategy A Financial Review Food, Feed & Fuel Our New Business Segments
Slide 9: Food, Feed, Fuel
Creating sustainable food, feed and fuel ingredients for a growing population 9 Food FuelFeed
Slide 10: Food, Feed and Fuel product range
Creating sustainable food, feed and fuel ingredients for a growing population Generated thru DGD production Renewable Butane Renewable Propane Renewable Diesel Green Electricity and Gas Biodiesel Provides broad stabilized market exposure worldwide 10 Food Grade FatsHeparin Peptan® Gelatin (Pharma) N
Slide 11: Food: Ingredients for living
Ingredients for living. Darling’s food ingredients are sold to a worldwide market that includes the pharmaceutical, food and cosmetic industries. Rousselot is the world’s leading supplier of gelatin and Peptan® collagen peptides to the food and pharmaceutical industries. SONAC Fats holds a leadi
Slide 12: Feed: Nutrients for growth
Nutrients for growth. Our feed ingredients compose the largest segment of our business, with sales to animal feed, aquaculture and pet food manufacturers worldwide. The DAR PRO Solutions, Sonac and Rothsay brands collect and transform meat and animal by‐products into protein meals, fats, minerals
Slide 13: Fuel: Energy for today's world
Energy for today’s world. For the past two decades, Darling has led the way in biofuel innovation and development. Rendac provides European‐regulated animal by‐products disposal, used for energy production. Diamond Green Diesel, a partnership with Valero Energy Corp., is the Company’s most innov
Slide 14: How We Will Grow and Sustain Our Business
14 How We Will Grow and Sustain Our Business Company Profile Business Segments Growth Strategy Financial Review
Slide 15: A growing population increases demand for food, feed and fuel
Creating sustainable food, feed and fuel ingredients for a growing population ...exponentially increases the demand for food, feed and fuel... thus increasing the need for our innovative ingredients and customized services which provide a sustainable means of meeting the world’s consumption needs So
Slide 16: Darling targets employing capital at a 15% or higher rate
Creating sustainable food, feed and fuel ingredients for a growing population Darling targets employing capital at a 15% or higher rate while maintaining a conservative balance sheet Strengthen Current Position • Operational excellence: ‐ Optimizing integration of global supply chains ‐ Consolidatio
Slide 17: Projected EBITDA Growth thru 2017 and Beyond
Creating sustainable food, feed and fuel ingredients for a growing population Nutrient Recovery Plant Sonac Blood Expansion West Coast Biodiesel Rousselot Growth USA Rendering Acquisition(s) Euro Rendering Acquisition(s) Brazil Rendering Acquisition(s) $75‐110mm new EBITDA Note: Management’s current
Slide 18: North America growth opportunities
Creating sustainable food, feed and fuel ingredients for a growing population North America Sonac – Upper Midwest • Grow hemoglobin/plasma business 18 Rothsay ‐ Canada • Grow the used cooking oil/ restaurant services • Introduce Terra Renewal Services to Canada • Potential investment in new bone fac
Slide 19: Nutrient Recovery Technology and Terra Renewal
Creating sustainable food, feed and fuel ingredients for a growing population Nutrient Recovery Technology Currently operating pilot plant in Hampton, FL What is it? • Protein and fat recovery process from industrial residuals • Discovering additional value and products • Restoring water stream to w
Slide 20: South America growth opportunities
Creating sustainable food, feed and fuel ingredients for a growing population South America Rousselot ‐ Brazil • Continue to expand gelatin • Grow the Peptan® brand 20 Growth Opportunities • Enter rendering business • Enter blood processing business
Slide 21: Europe growth opportunities
Creating sustainable food, feed and fuel ingredients for a growing population Europe Ecoson ‐ Son, Netherlands • Expand biophosphate production 21 Growth Opportunities • Expand rendering business in Southern and Eastern Europe
Slide 22: China growth opportunities
Creating sustainable food, feed and fuel ingredients for a growing population China Growth Opportunities • Continued gelatin expansion • Growth of blood position • Enter core rendering business Rousselot ‐ China • Gelatin expansion 22
Slide 23: Financials
A Business Segments 4 Growth Strategy 4 Financial Review Company Profile Financials
Slide 24: Net Sales and Pro Forma Adjusted EBITDA
Creating sustainable food, feed and fuel ingredients for a growing population ($1,000) $0 $1,000 $2,000 $3,000 $4,000 $5,000 2012 2013 LTM Mar. 2014 1Q 13 1Q 14 ($50) $0 $50 $100 $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 $700 2012 2013 LTM Mar. 2014 1Q 13 1Q 14 24 Food Feed Fuel Elimina
Slide 25: Adjusted EBITDA reconciliation
Creating sustainable food, feed and fuel ingredients for a growing population 25 Adjusted EBITDA (U.S. dollars in thousands) FYE 2012 FYE 2013 LTM Q1 2014 Q1 2013 Q1 2014 Net income 302,642$ 245,574$ 121,418$ 80,046$ (52,803)$ Depreciation & Amortization 173,217 186,203 207,553 43,005 65,669 Goodwil
Slide 26: Debt Summary, Free Cash Flow and Net Working Capital
Creating sustainable food, feed and fuel ingredients for a growing population Note: Net working capital is defined as current assets less current liabilities. 26 Free Cash Net Working Capital March 29, 2014 Credit Agreement Revolving Credit Facility 219,015$ Term Loan A 333,964 Term Loan B 1,300,536
Slide 27: Creating shareholder value
Develop new products and applications and grow geographically to answer these needs Shareholder Value Value‐ Adding Success is consistently providing maximum value to the supply chain Creating sustainable food, feed and fuel ingredients for a growing population 27 Protein Production
Slide 28: A growing population
Creating sustainable food, feed and fuel ingredients for a growing population28
Slide 29: Cautionary statement on pro forma financial information
Creating sustainable food, feed and fuel ingredients for a growing population 29 The unaudited pro forma financial information (“Unaudited Pro Forma Financial Information”) presented in the Financial Section pages of this presentation was prepared by Darling management and is based upon (i) Darling