Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — FY2024 Earnings Presentation
16 slides from Montauk Renewables's earnings presentation, Mar 13, 2025
Slide 1: Investor Presentation Full Year 2024 Results
Investor Presentation FULL YEAR 2024 RESULTS MARCH 13, 2025
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. Such statements include those relating to estimated and projected financial condition, results of operations,
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Year Ended December 31, 2024
Operational Results – Year Ended December, 31, 2024 (in thousands, unless otherwise indicated) All comparisons are between the year ended December 31, 2024 and the year ended December 31, 2023, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 88 increase in MMBtu production RIN Met
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 income include: – $9,959 accounting for stock-based compensation – $1,166 adjustments to working capital and other assets and liabilities Investing activities highlights include: – $27,847 capital expenditures for Mon
Slide 8: Business Development: RINs Generated but Unsold
Business Development RINs Generated but Unsold (in thousands, unless otherwise indicated) Select historical data related to RINs generated, RINs unsold, and RINs generated but unsold: We have entered into commitments to transfer all 6,822 RINS available but unsold and RINs generated from the 291 MMB
Slide 9: Business Development: Capital Development Summary
Business Development Capital Development Summary (in thousands, unless otherwise indicated) The following summarizes our ongoing development growth plans expected capacity contribution, anticipated commencement of operations, and capital expenditure estimate, respectively, excluding the Montauk Ag R
Slide 10: RNG Facility Developments – 2024 Highlights
Business Development RNG Facility Developments – 2024 Highlights Second Apex RNG Facility: – Continue to expect commercial operations in second quarter of 2025 Bowerman Power RNG Facility: – Commissioning expectation remains into 2027 related to landfill proposed changes to wellfield and flare facil
Slide 11: RNG Facility Developments – 2025 Highlights
Business Development RNG Facility Developments – 2025 Highlights Tulsa REG Conversion to RNG: – Announced conversion of Tulsa REG facility into an RNG facility – Variable inlet capacity providing production capacity up to 1,500 MMBtu per day – Capital Investment of $25,000 to $35,000 – Commissioning
Slide 12: Montauk Ag Renewables 2024 Highlights
Business Development Montauk Ag Renewables 2024 Highlights – State of North Carolina approved a change in laws increasing the generation of RECs per MWh from swine waste under its renewable energy portfolio standards – NCUC approved CPCN and approved amended NREF for electricity sale – Secured long
Slide 13: Alternative Fuel Source Development
Business Development Alternative Fuel Source Development (in thousands, unless otherwise indicated) Biogenic Carbon Dioxide (“CO2”) Beneficial Use: – Signed contract to deliver 140 tons of CO2 from Texas facilities – 15-year contract with European Energy North America – 2027 commissioning expected –
Slide 14: 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 CNG distribution opportunities in various stages of evaluation – Exploring wastewater treatment to RNG project opportunities
Slide 15: Appendix
Appendix MONTAUK
Slide 16: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 16