Alto Ingredients, Inc. · NASDAQ:ALTO
Alto Ingredients — Q4 2024 Earnings Presentation
23 slides from Alto Ingredients's earnings presentation, Mar 5, 2025
Slide 1: Elevating Essential Products
Elevating Essential Products Leading producer of specialty alcohols and high quality ingredients. Q4 2024 INVESTOR PRESENTATION reported on MARCH 5, 2025 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements and information contained in this communication that refer to or unexpected repair and maintenance expenses; fluctuations in the price of and include Alto Ingredients’ estimated or anticipated future results or other non- demand for oil and gasoline; raw material cos
Slide 3: Transforming corn into the highest-quality, sustainable ingredients
Transforming corn into the highest-quality, sustainable ingredients that make everyday products better 3
Slide 4: Producer and distributor of specialty alcohols, renewable fuels and essential ingredients
Producer and distributor of specialty alcohols, renewable fuels and essential ingredients 4
Slide 5: Unlocking Value
Unlocking Value Targeting premium markets • Implemented Cost Saving Initiatives, with high quality products Improving Profitability • Optimizing Carbon with Acquisition Supporting the reduction in carbon and Other Initiatives emissions by pursuing CCS Optimizing asset base & executing efficiency ini
Slide 6: Targeting Premium Markets
Alto Columbia, LLC Alto Ingredients, Inc. Targeting Alto Carbonic, LLC Alto Pekin, LLC Dry Mill Headquarters Beverage-grade liquid CO2 processor Dry Mill Premium Markets Boardman, Oregon Wet Mill & Distillery Yeast Plant Pekin, Illinois Kinergy Marketing LLC Pekin, Illinois Alto ICP, LLC Dry Mill &
Slide 7: Making Everyday Products Better
Making Everyday Products Better HEALTH, HOME FOOD & INDUSTRY & ESSENTIAL RENEWABLE & BEAUTY BEVERAGE AGRICULTURE INGREDIENTS FUELS ALTO’S 100% API Grade Grain Neutral Industrial Grade Alto Yeast Transportation Fuel: BIO-BASED Ethyl Alcohol Spirits Ethyl Alcohol Corn Meal, Oil, Germ Ethanol RENEWABLE
Slide 8: Optimizing Carbon
Optimizing Carbon BENEFITS OF CCS AT PEKIN FACILITIES IRC Section 45Q tax incentives Acquired beverage-grade liquid CO2 processor improves economics > $7.25M plus working capital; accretive, compelling payback Mount Simon Sandstone formation, near the Illinois Basin and the Pekin Campus > Amended lo
Slide 9: Sustainability Efforts
Sustainability Efforts Published Second Sustainability Report in October 2024 EARNED AT PEKIN CAMPUS > Safe Food/Safe Feed - a third-party product safety certification > 2 EcoVadis Bronze Medals, 35th percentile among peers COMPLETED MATERIALITY SURVEY & INITIAL ROADMAP > Strengthened environmental,
Slide 10: Certifications Create Differentiation
Certifications Create Differentiation Deepen Relationships & Open Doors to New Customers SPECIALTY ALCOHOLS & ESSENTIAL INGREDIENTS: More challenging to produce Require audits, equipment and testing validation, and other prerequisite programs Create significant product performance impact for a small
Slide 11: Quality Customer Base
Quality Customer Base HEALTH, HOME FOOD & INDUSTRY & ESSENTIAL RENEWABLE & BEAUTY BEVERAGE AGRICULTURE INGREDIENTS FUELS CUSTOMERS PRIORITIZE ALTO’S CERTIFICATIONS, RELIABILITY, SERVICE & QUALITY 11
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS IMPROVING PLANT UNAUDITED, DEC. 31, DEC. 31, PERFORMANCE $ IN MILLIONS 2024 2023 > Pekin Campus contributed GP of $2.6M in Q4 2024, CASH & CASH $35.5 $30.0 EQUIVALENTS up from $(1.1)M in Q4 2023 CURRENT ASSETS $153.1 $168.8 STRONG LIQUIDITY CURRENT LIABILITIES $57.8 $65.3 > $23M
Slide 13: Expanding Higher-Margin Production & Improving Profitability
Expanding Higher-Margin Targeting premium markets Production & Improving with high-quality products Profitability Supporting the reduction in carbon emissions by pursuing CCS Optimizing asset base & executing efficiency initiatives Advancing traceability & sustainability certifications & programs Br
Slide 14: Appendix
APPENDIX 14
Slide 15: Building on a Rich Foundation
Building on a Rich Foundation 1899 Illinois Sugar Refining 1998 2005 Company (now Alto Pekin) Yeast Plant MGP Ingredients Began producing Constructed and Began producing fuel sugar from beets 1995 began producing yeast November 1998 ethanol May 2005 2022 Williams 2007 Eagle 1981 Bio- Alcohol Co. Pek
Slide 16: Experienced Leadership Team
Experienced Leadership Team Bryon McGregor Todd Benton Rob Olander, CPA Jim Sneed Auste Graham President & CEO Chief Operating Officer Chief Financial Officer Chief Commercial Officer Chief Legal Officer & Secretary 17 years with Alto 26 years with Alto(1) 18 years with Alto 33 years with Alto(1) 3
Slide 17: Senior Management with Deep Bench Strength
Senior Management with Deep Bench Strength Patrick McKenzie John Shriver Stacy Swanson Ed Baker Michael Kramer VP, Business Development VP, Operations VP, Quality VP, Human Resources VP, Treasurer & Engineering 25 years with Alto(1) & Sustainability 17 years with Alto 17 years with Alto 13 years wit
Slide 18: Consolidated Statements of Operations
Consolidated Statements of Operations Three Months Ended December 31 Years Ended December 31 2024 2023 2024 2023 Net sales $ 236,347 $ 273,625 $ 965,258 $ 1,222,940 Cost of goods sold 237,738 276,150 955,536 1,207,287 Gross profit (loss) (1,391) (2,525) 9,722 15,653 Selling, general and administrati
Slide 19: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION 19
Slide 20: Use of Non-GAAP Measures
Use of Non-GAAP Measures Management believes that certain financial measures not in accordance with have the same financial information that management uses, which may generally accepted accounting principles (“GAAP”) are useful measures of assist investors in properly assessing the company’s perfor
Slide 21: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation Three Months Ended December 31 Years Ended December 31 (in thousands) (unaudited) 2024 2023 2024 2023 Net loss $ (41,712) $ (18,945) $ (58,984) $ (28,005) Adjustments: Interest expense, net 2,474 2,126 7,644 7,425 Interest income (112) (265) (689) (854) Unrealized deri
Slide 22: Segment Results
Segment Results Three Months Ended Years Ended December 31, December 31, 2024 2023 2024 2023 Net Sales Pekin Campus, recorded as gross: Alcohol sales $ 100,216 $ 113,588 $ 415,710 $ 502,217 Essential ingredient sales 42,011 48,483 169,308 217,702 Intersegment sales 316 307 1,243 1,427 Total Pekin Ca
Slide 23: For more information, contact
FOR MORE INFOMATION, CONTACT: info@altoingredients.com (833) 710-ALTO ir.altoingredients.com @altoingredients facebook.com/AltoIngredients linkedin.com/company/alto-ingredients 23