Mgp Ingredients, Inc. · NASDAQ:MGPI
Mgp Ingredients — Q1 2026 Earnings Presentation
15 slides from Mgp Ingredients's earnings presentation, Apr 29, 2026
Slide 1: Investor Presentation First Quarter 2026
INVESTOR PRESENTATION First Quarter 2026 April 29, 2026
Slide 2: Forward Looking Statements and Non-GAAP Disclaimer
FORWARD LOOKING STATEMENTS AND NON-GAAP DISCLAIMER This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the ability of MGP Ingredients, Inc. (the “Company” or “MGP”) to r
Slide 3: Highlights | First Quarter
HIGHLIGHTS | FIRST QUARTER Sales in-line with expectations, with adjusted EBITDA and EPS ahead of expectations • Consolidated sales of $106.4M in-line with expectations • Adjusted EBITDA of $15.0M and adjusted EPS of $0.15 – both ahead of expectations • Branded Spirits sales of $44.2M - Positive tre
Slide 4: First Quarter Consolidated Results
FIRST QUARTER CONSOLIDATED RESULTS Continued to focus on controllables, sharpen strategic focus and strengthen execution across entire organization First Quarter Reported 2026 2025 Change US$M Consolidated Sales $106.4 $121.7 -13% Branded Spirits $44.2 $48.2 -8% Distilling Solutions $28.0 $46.9 -40%
Slide 5: First Quarter Adjusted Basic and Diluted EPS
FIRST QUARTER Adjusted basic and diluted EPS $0.36 ($0.20) $0.01 ($0.02) $0.15 1Q'25 Operations (1) Interest Expense (1) Tax rate 1Q'26 (1) Items are net of tax based on the adjusted effective tax rate for the base year (2025), excluding the impacts of non -GAAP items. 5 Note: See appendix for GAAP
Slide 6: Operating Cash Flow
OPERATING CASH FLOW Continued focus on working capital management, including lower whiskey putaway – expecting $50M to $55M of OCF in FY’26 (1) $44,684 ($6,750) ($11,153) ($2,584) $626 $187 ($18,055) $6,955 1Q'25 Decrease in Change in Increase in Net Decrease in Decrease in Other Working 1Q'26 Adjus
Slide 7: Branded Spirits | First Quarter Results
BRANDED SPIRITS | FIRST QUARTER RESULTS Growth in Premium Plus supported by continued consumer demand for innovative, high-quality offerings First Quarter Reported 2026 2025 Change US$M Branded Spirits Sales $44.2 $48.2 -8.3% Premium Plus $22.7 $22.3 1.5% Mid/Value $19.7 $20.4 -3.1% Others $1.8 $5.5
Slide 8: Distilling Solutions | First Quarter Results
DISTILLING SOLUTIONS | FIRST QUARTER RESULTS Maintained focus on creating differentiated value proposition First Quarter Reported 2026 2025 Change US$M Distilling Solutions Sales $28.0 $46.9 -40% Brown Goods $14.9 $33.7 -56% Warehouse Services $8.3 $8.1 3% White Goods $4.8 $5.2 -8% and Other Co-Prod
Slide 9: Ingredient Solutions | First Quarter Results
INGREDIENT SOLUTIONS | FIRST QUARTER RESULTS Continued commercial demand and improved operational reliability First Quarter Reported 2026 2025 Change US$M Ingredient Solutions Sales $34.2 $26.5 29% Specialty Starches $18.4 $15.9 16% Specialty Proteins $12.7 $7.3 73% All Others $3.1 $3.3 -7% Gross Pr
Slide 10: Maintaining 2026 Financial Guidance
MAINTAINING 2026 FINANCIAL GUIDANCE Full Year 2026 Guidance Sales $480M to $500M Adjusted EBITDA $90M to $98M Adjusted EPS $1.50 to $1.80 Effective tax rate ~27% Basic weighted shares outstanding ~21.4M CAPEX ~$20M As of 4.29.26. 10
Slide 11: Appendix
MGP APPENDIX
Slide 12: Change in Basic and Diluted EPS
CHANGE IN BASIC AND DILUTED EPS EPS Change First quarter 2025 ($0.14) Operating income (1) ($10.24) (7,314%) Interest expense, net (1) $0.03 21% Other income, net (1) ($0.02) (14%) Effective tax rate $4.06 2,900% Weighted average shares outstanding $0.01 7% First quarter 2026 ($6.30) (4,400%) (1) It
Slide 13: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES Operating Operating First quarter 2026 Net Income Basic and First quarter 2025 Net Income Basic and Income Income in thousands, ex. per share data (Loss) Diluted EPS in thousands, ex. per share data (Loss) Diluted EPS (Loss) (Loss) Reported GAAP r
Slide 14: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES Reconciliation of net income to adjusted EBITDA in thousands First Quarter 2026 First Quarter 2025 Net (loss) ($134,807) ($3,057) Interest expense $1,421 $1,854 Income tax expense (benefit) ($39,865) $671 Depreciation and amortization $6,265 $5,80
Slide 15: Thank You
MGP THANK YOU