Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q2 2023 Earnings Presentation
15 slides from Montauk Renewables's earnings presentation, Aug 9, 2023
Slide 1: Investor Presentation: Second Quarter 2023 Results
Investor Presentation SECOND QUARTER 2023 RESULTS AUGUST 9, 2023
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information 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
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Quarter Ended June 30, 2023
Operational Results – Quarter Ended June 30, 2023 (in thousands, unless otherwise indicated) All comparisons are between the second quarter ended June 30, 2023 and the second quarter ended June 30, 2022, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 38 MMBtu decreased production
Slide 5: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 5
Slide 6: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 6
Slide 7: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net loss include: – $3,495 accounting for stock-based compensation Investing activities include: – $9,772 capital expenditures for Pico Digestion Capacity Increase – $4,977 capital expenditures for Montauk Ag Renewables –
Slide 8: Business Development: Capital Development Summary
Business Development Capital Development Summary The following summarizes our ongoing development growth plans expected volume contribution, anticipated commencement of operations, and capital expenditures estimate, respectively: Development Opportunity Estimated Volume Contribution Anticipated Comm
Slide 9: Pico Feedstock Amendment
Business Development Pico Feedstock Amendment Second Quarter 2023 Highlights – Completed RNG stored volumes release in second quarter of 2023 – Expect digestion capacity increase functionally completed in third quarter of 2023 9
Slide 10: Bowerman Power RNG Facility
Business Development Bowerman Power RNG Facility Second Quarter 2023 Highlights – Planned development of an RNG landfill project in Irvine, CA at the Frank R. Bowerman Landfill – Beneficially process available feedstock in excess of existing REG facility – Anticipated nameplate capacity of approxima
Slide 11: Montauk Ag Renewables
Business Development Montauk Ag Renewables Second Quarter 2023 Highlights – Magnolia, NC reactor relocation to Turkey, NC completed – Continue to design Turkey, NC facility to be used for commercial production • Expect revenue generating activities in 2025 – Evaluating uses for the Magnolia, NC loca
Slide 12: Carbon Dioxide Beneficial Use Opportunity
Business Development Carbon Dioxide Beneficial Use Opportunity July 2023 – Entered into a letter of intent (“LOI”) with a North American subsidiary of Denmark-based European Energy (“EENA”) – Reserves EENA the use of the biogenic carbon dioxide (“CO2”) from our Texas facilities – Upon final agreemen
Slide 13: Strategic Growth Opportunity Pipeline
Business Development Strategic Growth Opportunity Pipeline Positioned for continued growth, with on-going evaluation of various strategic opportunities: – Multiple LFG RNG and ADG RNG sites in various stages of evaluation – Exploring wastewater treatment to RNG project opportunities – Potential cost
Slide 14: Appendix
Appendix MONTAUK
Slide 15: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 15