Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Stephens Annual Investment Conference 2022
22 slides from Green Plains's conference presentation, Nov 16, 2022
Slide 1: Stephens Annual Investment Conference
Stephens Annual Investment Conference November 16-17, 2022
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: Transforming to the Biorefinery Platform of the Future
Transforming to the Biorefinery Platform of the Future Green Plains (GPRE) is transforming from traditional ethanol into a sustainable biorefinery platform, innovating through ag technology to produce higher-value products with stable cash flows, for tomorrow’s sustainable economy Ultra-High Corn Oi
Slide 4: Transforming Our Business in Four Strategic Areas
Transforming Our Business in Four Strategic Areas Positioned to capitalize on rapidly growing demand • Sustainable Ultra-High Protein – sustainable ingredients for high-value global markets in pet, aquaculture, dairy, swine and poultry industries • Renewable Corn Oil – responsible low carbon feedsto
Slide 5: MSC Technology Drives an Inflection
MSC™ Technology Drives an Inflection Increased Protein Upside • Ultra-High Protein (50 - 53%) potentially adds $0.15 - • Biorefinery economics see significant improvement Fishmeal $0.21/gallon2 additional EBITDA on a ~$0.50/gallon Analogue investment through deployment of MSC™ technology • Higher pr
Slide 6: Ultra-High Protein Contributes to the Circular Economy
Ultra-High Protein Contributes to the Circular Economy • Ultra-High Protein significantly improves the value of the coproduct Carbon Footprint of Ultra-High Protein vs stream at our biorefineries Common Protein Alternative • Combination of plant based protein and yeast delivers renewable protein sou
Slide 7: Transformation on Track for Over 50% Completed in 2022
Transformation on Track for Over 50% Completed in 2022 • Five plants representing ~ 560 MGY of ethanol capacity to have MSC technology completed by year end • MSC at Central City is completed; Mount Vernon and Obion commissioning in Q4 • Annual Ultra-High Protein capacity of ~ 330,000 tons in 2023 C
Slide 8: Assumptions for 2024 Ending Run-Rate EBITDA
Assumptions for 2024 Ending* Run-Rate EBITDA Assumptions • Assets produce at 95% of capacity on 958 MGY of capacity $600 • Potential contributions from fuel ethanol business, ancillary businesses and corporate overhead are excluded MSC Sustainable Ultra-High Protein and Turnkey Initiatives $500 • Pr
Slide 9: Significant Opportunity to Commercialize Value-Added Ingredients
Significant Opportunity to Commercialize Value-Added Ingredients • Strong commercial sales team with deep industry experience building a robust customer pipeline • Numerous ongoing customer dialogues including recent 25% increase in volumes to pet space in 2023 • Innovation Centers drive further pro
Slide 10: Taking Advantage of the Unique Drivers in Renewable Corn Oil
Taking Advantage of the Unique Drivers in Renewable Corn Oil Renewable Corn Oil Price 1 Potential Renewable Corn Oil Margin Increase Average CI Pathways for Biodiesel and (Cents per Pound) Per $0.10 per pound increase Renewable Diesel Feedstock 2 ($ M) 90 80 $40 Soybean Oil 55 70 60 $26 Canola Oil 5
Slide 11: Fluid Quip Technologies | Sustainable Industry Solutions
Fluid Quip Technologies | Sustainable Industry Solutions Offers design, engineering and technology to the industry DCO TechnologyTM • FQT’s latest offering, DCO Technology, provides the industry with a bolt-on investment in increasing renewable corn oil recovery • Works as precursor to a full MSC sy
Slide 12: Clean Sugar Technology (CST) Opportunities
Clean Sugar Technology (CST) Opportunities Green Technology Acquired with Fluid Quip 3-HPA 2,5 solvents Industrial FDCA/ PEF Enzymes • Fully scalable commercial CST production facility operating at the Butanol Lactic acid Innovation Center at York • CST produces an equivalent sugar quality to that o
Slide 13: CST – Part of Moving to a More Circular Economy
CST – Part of Moving to a More Circular Economy • Bio-based glucose and dextrose derived from corn – the most abundant renewable carbon source available – is in high demand and anticipated to grow as the demand for bioproducts expands • CST produces fermentable sugars to support growth in bioplastic
Slide 14: Carbon Capture and Sequestration Initiatives
Carbon Capture and Sequestration Initiatives Opportunity to increase margins from ethanol facilities with no capital required Current Status • CCS lowers green gas emissions, resulting in attractive low CI ingredients • Green Plains has committed to provide biogenic CO2 to SCS from 8 facilities for
Slide 15: Opportunities Under Inflation Reduction Act
Opportunities Under Inflation Reduction Act • Biodiesel tax credit – ensures continued growth of biodiesel and renewable diesel industries • Advanced biofuels credit – benefits cellulosic ethanol • 45Q – provides an $85 per ton tax credit for carbon capture and storage • Blending infrastructure – al
Slide 16: ESG Embedded in our DNA
ESG Embedded in our DNA • 35% reduction in operational emissions from 2018 baseline • Alignment with the Task Force on Climate-related Financial Disclosures (TCFD) • Increased focus on natural capital, biodiversity and land stewardship • 24% decrease in OSHA Total Recordable Incident Rate from 2020
Slide 17: Our Path to a Low-Carbon Future
Our Path to a Low-Carbon Future • Targeting 50% reduction in operational GHG emissions from 2018 baseline by 2030 and 100% reduction by 2050 • Plan to submit our GHG emissions reduction targets to the Science-Based Targets Initiative for validation by the end of 2022 • Evaluating initiatives to redu
Slide 18: Why Green Plains?
Why Green Plains? Game-changing ag-technology, diversifying product offering of higher-margin ingredients into high-growth markets • Implementing MSC™ protein technology and DCO Technology™ to create diverse, non-cyclical, high margin products • 50% uplift in corn oil yields, a low-CI feedstock for
Slide 19: Appendix
Appendix es 2 Green Plains
Slide 20: Reference Units - Operational Metrics
Reference Units - Operational Metrics Purchase / Sale GPRE 2.0 Annual Products GP 1.0 (per bushel) GP 2.0 (per bushel) GP 2.0 (per gallon) Transaction Units Production Capacity * Corn Bushels 56 pounds per bushel 56 pounds per bushel 19.3 pounds per gallon 330 million bushels Ethanol Gallons 2.9 gal
Slide 21: Green Plains 2.0 Transformation Value Chain
CO, Injection Well Processing 4 Blorefining 4 Fluld Quip Scope | and Scope Hh Biogenic Germentation) ud Technologies IP Suite emissions MSC™, Clean Sugar Technology™, etc. CO. » emissions . co, Value Chain Transformation lol 1& Annually 2 UNDER OUR GREEN PLAINS 2.0 TRANSFORMATION, WE ARE: Renewable
Slide 22: gpreinc.com
= Ps Green Plains gpreinc.com
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