Slide 1: First Quarter 2024 Business Update
First Quarter 2024 Business Update May 3, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements that reflect management’s current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertaint
Slide 3: First Quarter 2024 Results
First Quarter 2024 Results Results of Operations • EPS of ($0.81) per diluted share • Cash and cash equivalents, and restricted cash of $277.4 million and $230.0 million available under a committed credit facility Production Segment • Processed 71.3 million bushels of corn • Sold 207.9 million gallo
Slide 4: Business Activity & Updates
Business Activity & Updates • Announced new specialty feed ingredient brand: Sequence with current sales equivalent to approximately 10% of current high protein production capacity with targets of 20-30% of our capacity expected to be met by year end • World's first commercial scale Clean Sugar Tech
Slide 5: Selected Operating Data
Selected Operating Data Green Plains Inc. (in thousands) For the three months ended March 31, 2024 2023 Ethanol production Ethanol sold (gallons) 207,904 206,880 Distillers grains sold (equivalent dried tons) 469 482 Ultra-High Protein sold (tons) 60 52 Renewable corn oil sold (pounds) 66,721 68,011
Slide 6: Consolidated Crush Margin
Consolidated Crush Margin Green Plains Inc. For the three months ended March 31, 2024 2023 (in millions) Ethanol production Operating loss (1) $ (33.6) $ (42.0) Depreciation and amortization 20.5 23.8 Total adjusted ethanol production $ (13.1) $ (18.2) Intercompany marketing and agribusiness fees, n
Slide 7: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement Green Plains Inc. (in millions, except per share amounts) For the three months ended March 31, 2024 2023 Revenues $ 597.2 $ 832.9 Costs and expenses 642.1 889.4 Operating loss $ (44.9) $ (56.5) Other expense (4.8) (6.4) Income tax expense (0.3) (3.4) Income (l
Slide 8: Select Balance Sheet Data
Select Balance Sheet Data Green Plains Inc. (in millions, except per share amounts) For the period ending Mar. 31, 2024 Dec. 31, 2023 Cash and cash equivalents, and restricted cash $ 277.4 $ 378.8 Working capital $ 130.4 $ 99.7 Working capital financing (1) (130.0) (106.0) Working capital, net $ 0.4
Slide 9: Appendix
Appendix os . B= Green Plains 9
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation Green Plains Inc. (in millions) For the three months ended March 31, 2024 2023 Net loss $ (51.1) $ (66.2) Interest expense 7.8 9.7 Income tax expense 0.3 3.4 Depreciation and amortization (1) 21.5 25.4 EBITDA and Adjusted EBITDA $ (21.5) $ (27.7) (1) Excludes amortization of