Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q2 2022 Earnings Presentation
14 slides from Montauk Renewables's earnings presentation, Aug 18, 2022
Slide 1: Investor Presentation Second Quarter 2022
Investor Presentation SECOND QUARTER 2022 UPDATED AUGUST 18, 2022
Slide 2: Disclaimers and Confidentiality: Forward-Looking Statements
Disclaimers and Confidentiality Forward-Looking Statements This presentation contains “forward-looking statements” within the meaning of U.S. federal securities laws that involve substantial risks and uncertainties. All statements other than statements of historical or current fact included in this
Slide 3: Disclaimers and Confidentiality: Non-GAAP Financial Measures
Disclaimers and Confidentiality Non-GAAP Financial Measures This presentation and the accompanying tables include references to EBITDA and Adjusted EBITDA which are Non-GAAP financial measures. We present EBITDA and Adjusted EBITDA because we believe the measures assist investors in analyzing our pe
Slide 4: Financial Performance: Income Statement
Financial Performance Income Statement 4
Slide 5: Operational Results – Quarter Ended June 30, 2022
Operational Results – Quarter Ended June 30, 2022 (in thousands, unless otherwise indicated) All comparisons are between the second quarter ended June 30, 2022 and the second quarter ended June 30, 2021, unless otherwise indicated. Renewable Natural Gas (“RNG”) Metrics – 53 MMBtu increased productio
Slide 6: Operational Performance: Operating Metrics
Operational Performance Operating Metrics The highlighted section was updated during routine administrative reviews to agree with the Form 10-Q for the quarterly period ended June 30, 2022, filed with the SEC on August 9, 2022. No other administrative updates were made. 6
Slide 7: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 7
Slide 8: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net income include: – $4,631 accounting for stock-based compensation – $3,791 accounting for deferred income taxes – $20,120 adjustments to working capital and other assets and liabilities Investing activities include: –
Slide 9: Business Development: Pico Facility Improvement Project
Business Development Pico Facility Improvement Project Production update – Results of CARB CI score pathway expected in Q4 of 2022 – Expect to release gas from storage in second half of 2022, which will generate RINs – Currently expect LCFS 2022 credit revenue in 2023 Capacity expansion program – Fi
Slide 10: Business Development: Montauk Ag Renewables
Business Development Montauk Ag Renewables 2022 Updates – Continue to work with engineer of record to optimize reactor technology – On-going discussions with North Carolina regulatory agencies to confirm swine waste generated power is eligible for RECs under North Carolina Renewable Energy Portfolio
Slide 11: Business Development: Strategic Growth Opportunity Pipeline
Business Development Strategic Growth Opportunity Pipeline Positioned for continued growth, with on-going evaluation of various strategic opportunities: – Numerous LFG RNG sites in various stages of evaluation – Exploring wastewater treatment to RNG project opportunities – Potential costs associated
Slide 12: 2022 Recent Developments
2022 Recent Developments Combustion-Based Oxygen Removal Condensate Neutralization Patent Provisional patent application filed in July 2022 – Technology designed to mitigate harmful low pH associated with wastewater removal from biogas conversion process – Without mitigation low pH can result in sig
Slide 13: Appendix
Appendix MONTAUK
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 14