Verbio Se · XETR:VBK
Verbio — Q1 2025 Earnings Presentation
19 slides from Verbio's earnings presentation, Nov 12, 2024
Slide 1: Q1 2024/25 Earnings Call
Q1 2024/25 Claus Sauter (CEO), Alina Köhler (IR) Earnings Call 12.11.2024
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking information, which is based on assumptions and estimates of the company management of Verbio SE. Even though company management believes that these assumptions and estimates are correct, the actual future development and actual future results can
Slide 3: Key figures in Q1 2024/25
Key figures in Q1 2024/25 Production in kt* and GWh EBITDA in € m Net debt in € m Equity ratio Biodiesel in kt Bioethanol in kt RNG in GWh 271.2 48.8 243.2 63.1 67.4% 65.0% 161.3 161.8 122.7 140.0 32.9 Q1 23/24 Q1 24/25 30.06.2024 30.09.2024 30.06.2024 30.09.2024 -6.6 * thousand tonnes Q1 23/24 Q1 2
Slide 4: Overview: Decline in EBITDA mostly market driven
Overview: Decline in EBITDA mostly market driven Group EBITDA drivers Q1 23/24 vs. Q1 24/25 in € m 48.8 -41.4 -7.9 -2.1 -3.9 -6.6 EBITDA ∆ Gross ∆ FX effect + ∆ Personnel ∆ Other EBITDA Q1 23/24 Margin commodity expenses Q1 24/25 forward contracts 4
Slide 5: Overview: Biodiesel segment safeguards results
Overview: Biodiesel segment safeguards results Group EBITDA by segments Q1 23/24 vs. Q1 24/25 in € m Bioethanol Biodiesel 60 48.8 3.0 40 -29.5 44.9 -6.6 20 -24.5 15.4 -6.6 0 -21.5 Q1 23/24 Biodiesel Bioethanol Q1 24/25 Q1 24/25 -20 -40 5
Slide 6: Biodiesel segment
Biodiesel segment Sales in € m EBITDA in € m 400 Production in kt 60 EBITDA margin 20.0% 44.9 322.8 13.9% 15.0% 300 40 10.0% 197.1 7.8% 200 161.3 161.8 15.4 5.0% 20 0.0% 100 -5.0% 0 0 -10.0% Q1 23/24 Q1 24/25 Q1 23/24 Q1 24/25 Revenue trends were primarily driven by the sharp decline in biodiesel pr
Slide 7: Biodiesel market development (Europe)
Biodiesel market development (Europe) Market spreads in €/t Biodiesel and rapeseed oil in €/t of biodiesel in 2024/25 400 2023/24 1,300 2024/25 1,200 300 1,100 200 1,000 Biodiesel 100 900 Rapeseed oil 0 800 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May J
Slide 8: Bioethanol/Biomethane segment
Bioethanol/Biomethane segment Sales in € m Bioethanol Production in kt EBITDA in € m 400 RNG Production in GWh 20.0 22.0% 271.2 3.0 2.0% 300 243.2 0.0 -18.0% 200 162.0 157.5 140.0 Q1 23/24 Q1 24/25 -38.0% 122.7 -20.0 -58.0% 100 -21.5 -78.0% 0 -40.0 -98.0% Q1 23/24 Q1 24/25 Revenues in the Bioethanol
Slide 9: Bioethanol market development (Europe)
Bioethanol market development (Europe) Market spreads in €/t Bioethanol and wheat in €/t of bioethanol in 2024/25 300 2023/24 1,000 Bioethanol 2024/25 Wheat 900 200 800 100 700 0 600 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Spread = Bioethanol p
Slide 10: Bioethanol market development (USA)
Bioethanol market development (USA) Market spreads in €/t Bioethanol and wheat in €/t of bioethanol in 2024/25 300 2023/24 600 Bioethanol 2024/25 Corn 200 500 100 400 0 300 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Spread = Bioethanol price ./. W
Slide 11: Quota prices remained under pressure, but upside imminent
Quota prices remained under pressure, but upside imminent GHG quota price development from Jan 2023 to Oct 2024 in €/t CO2-eq 130 120 500 110 100 draft BMUV* 400 90 2024 80 2025 300 70 60 *German Federal Ministry for the Aug 24 Aug SepSept 24 OktOct 24 Environment on 20 September 200 24 24 24 2024 1
Slide 12: BMUV draft aims to increase the demand for GHG quota
BMUV draft aims to increase the demand for GHG quota and to support the price in 2025 and 2026* Mandated GHG quota demand development in million t CO2-eq 30 Other UER 10.6% 9.4% 11.0% • Control measures remain a critical Carry-in GHG Quota factor 25 8.0% 9.0% 7.0% > 21.0 6.0% 6.0% 7.0% • IKS (Initit
Slide 13: UERs: Further upside potential?
UERs: Further upside potential? Potential cancellation of 4m t CO2-eq Out of those 45 [projects], the UBA “strives to reverse at least 32 projects, which would secure around 4 million t of CO2 in unauthorised UER certificates”. […] It is likely that the savings concerned have been generated in multi
Slide 14: Outlook: Guidance confirmed
Outlook: Guidance confirmed Emissionsreduktion bei Erdgasfahrzeugen2022/2023 2023/2024 2024/2025E im Vergleich zu Diesel Biodiesel Capacity 660,000 t 710,000 t 710,000 t Capacity utilisation 92.5% 89.8% → yoy Bioethanol Capacity 342,000 t 800,000 t 800,000 t Capacity utilisation 92.9 % 65.2% ↑ yoy B
Slide 15: Appendix
Verbio Appendix Pioneering green sol lutions
Slide 16: Powerful oil lobby defends IRA
Powerful oil lobby defends IRA “Big Oil Urges Trump Not to Gut Biden’s Climate Law Oil companies try to persuade Trump and his Republican allies not to slash provisions of the Inflation Reduction Act potentially worth billions Oil companies are conveying an unlikely message to the GOP and its presid
Slide 17: Further resources
Further resources Zweifel an Klimaschutzprojekten in China: Rosneft reagiert – ZDFheute Deutscher Bundestag - Lemke will gefälschte Klimaschutzprojekte rückabwickeln Carbonleaks BMUV: Sofortmaßnahme erhöht Nachfrage bei klimaneutralen Kraftstoffen und stärkt den Klimaschutz | Pressemitteilung https:
Slide 18: Verbio SE
Verbio SE Ritterstraße 23 T +49 341 308530-0 04109 Leipzig F +49 341 308530-999 Germany info@verbio.de www.verbio.de
Slide 19: Point of contact
Point of contact Ulrike Kurze Alina Köhler Marketing & PR Investor Relations Ritterstraße 23 (Oelßner‘sHof) Ritterstraße 23 (Oelßner‘sHof) 04109 Leipzig 04109 Leipzig E-Mail: pr@verbio.de E-Mail: ir@verbio.de 21