Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q1 2022 Earnings Presentation
13 slides from Montauk Renewables's earnings presentation, May 10, 2022
Slide 1: Investor Presentation First Quarter 2022
Investor Presentation FIRST QUARTER 2022 MAY 10, 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 contains 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 analyzi
Slide 4: Financial Performance: Income Statement
Financial Performance Income Statement 4
Slide 5: Operational Results – Quarter Ended March 31, 2022
Operational Results – Quarter Ended March 31, 2022 (in thousands, unless otherwise indicated) All comparisons are between the first quarter ended March 31, 2022 and the first quarter ended March 31, 2021, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 21 MMBtu increased productio
Slide 6: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 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: – $2,415 derivative contracts mark-to-market and settlements – $2,334 accounting for stock-based compensation – $1,395 adjustments to working capital and other assets and liabilities Investing activiti
Slide 9: Business Development: Pico facility improvements
Business Development Pico facility improvements Production process improvements – Continue to meet production expectations following improvement project – Identified water management and purification improvements – Expect results from CARB CI score pathway in second half 2022 – Gas release from stor
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 – In discussions with North Carolina regulatory agencies to ensure swine waste generated power eligible for RECs under North Carolina Renewable Energy Portfolio Standards
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 : – Approximately six LFG RNG sites – Multiple ADG sites – Wastewater treatment to RNG opportunities – Costs could result in material acquisition an
Slide 12: Appendix
Appendix MONTAUK
Slide 13: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 13