Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Green Plains Renewable Energy — Investor Presentation (February 2009)
20 slides from Green Plains's investor presentation, Feb 18, 2009
Slide 1: Green Plains Renewable Energy, Inc. February 2009
= Se GPRE Green Plains Renewable Energy, Inc. February 2009
Slide 2: Forward Looking Statements
CGPRE| Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended. Such statements are identified by the use of words such as "anticipate," “estimate,” “expect,” "project," “int
Slide 3: Company Representatives
CGPRE Company Representatives Todd Becker Chief Executive Officer Jerry Peters Chief Financial Officer Green Plains Renewable Energy, Inc. 9420 Underwood Ave., Ste. 100 Omaha, NE 68154 www. gpreine.com NASDAG: GPRE
Slide 4: Who is Green Plains?
CGPRE! Who is Green Plains? = Aleader in ethanol production and marketing with combined volumes of 635 mmgy: — 330 mmgy of production capacity — 305 mmgy of production under 3" party marketing contracts * Building a vertically integrated ethanol platform from agronomy services and grain procurement
Slide 5: Overview of Recent Merger
CGPRE) Overview of Recent Merger « Green Plains closed its merger with VBV on October 15, 2008 * VBV shareholders invested $60 million of new equity capital into Green Plains at $10 per share * VBV's majority shareholder is NTR plc (www.ntr.ie), an international renewable energy and sustainable wast
Slide 6: Competitive Advantages
CGPRE! Competitive Advantages « Seasoned management team * Operational excellence + Risk management expertise * Vertical integration throughout the ethanol value chain « Well capitalized balance sheet with strong liquidity * Committed long-term investors
Slide 7: Seasoned Management
CGPRE| Seasoned Management Years in Name Title Background Industry fo . Bulk wo nafonal tucking ies: Wayne Hoovestol ‘Chairran 2S Major Transport and Hoovestol, Ine. CEO, VBV LLC; EVP Sales & Matting, Global Bharat Todd Becker Chief Executive Officer 20+ Pres, ConAgra Gran Canada: VP oflnt Maketing,
Slide 8: Importance of Risk Management
©GPRE_ Importance of Risk Management $000 [ EtnanoiPrce sean ComPrice (Sal) Sep-08 —Dec-08 Man Jun-07—Sep0TDec.0T © Mand Jun 8 Sep-08 Dec 08 Sep-08 —Dec-0S —Man07—Jun-07—Sep0TDec-07 © Mar08 dun 8 Sep-08 (Dec 08
Slide 9: Best In Practice Risk Management
SPRE Best In Practice Risk Management = Fundamental focus on EBITDA margin management (Ethanol + BDGs — corn — natural gas) = Real time price dashboard system drives immediate margin decisions for each plant = Comprehensive risk management policy focused on three main areas of control (all on rollin
Slide 10: Integrated Ethanol Value Chain
CGPRE) Integrated Ethanol Value Chain Strategy is to create a vertically integrated platform touching all points of the ethanol value chain 10
Slide 11: Effective Corn Procurement
CGPRE! Effective Corn Procurement = Ownership of grain storage in locations complementary to ethanol plants is an effective strategy to secure long-term supply needs — Acquisition of Essex Elevator in September 2007 to support Shenandoah plant (Storage capacity: 2.1MM bushels) — Acquisition of Great
Slide 12: Overview of Ethanol & Grain Facilities
CGPRE! Overview of Ethanol & Grain Facilities mE Legend A EtanolProduction © Grainandagronomy Company Headquarters Ethanol Production Facilities GPRE Shenandoah Shenandoah, IA 55 MMgy Fagen/iCM Started Productian Aug. 2007 Superior Ethanol Superior, A 55 MMgy Agra/Delta-T Started Production Jul. 200
Slide 13: Ethanol Marketing and Distribution
GPRE! Ethanol Marketing and Distribution * Currently developing a fee based ethanol marketing and distribution platform « Management has extensive ethanol marketing expertise * 305 mmgy of ethanol currently under exclusive third party marketing arrangements + Marketing directly to retailer and blend
Slide 14: Blendstar Acquisition
CGPRE| + Green Plains acquired a 61% interest in biofuel terminal operator Blendstar, LLC for $9 million on January 20, 2009 + Blendstar is a platform of six blending facilities allowing petroleum customers the ability to store and blend ethanal and biodiesel in secure, local terminals + Current cap
Slide 15: Algae Investment
CGPRE! Algae Investment O NTR bio zene + 25.5% interest in BioProcess Algae LLC, to commercialize photobioreactor technology for continuous algae production + Partners include: CLARCOR, Inc. (a $1.6b NYSEvlisted company), BioProcessHa0 (a filtration company partially owned by CLARCOR), and NTR ple (
Slide 16: Balance Sheet - Capitalization
CGPRE Balance Sheet - Capitalization SMM Cash and Equivalents Total Debt Shareholder's Equity'” Total Capitalization Green Plains VBV as of as of ProFoma 8/31/08 9/30/08 Adjustments ProForma Consolidated $ 37 $ 65 $ 60.0 |$ 70.1 $ 1420 $ 1841 $ - [s 326.1 113.8 145.3 27.0 286.1 $2658 $ 3294 $ 27.0 |
Slide 17: Financial Performance
CGPRE, Financial Performance Summary Financial Data from Operating Plants* {im Thousands) 2008 Fist Second = Third | Total Quarter Quarter Quarter | YID Revenue $ 3,94 $ 77551 $ 111,22] $25,617 Cost of Goods Sold 2,101 70 104,897| 188,708 Grass Margins 1543 15,841 625| 37,909 SG&A 2,288 5,189 TAB 14
Slide 18: Industry Dynamics
CGPRE! Industry Dynamics Most players are still undercapitalized (public and private) Most players still do not effectively manage risk Consolidation will likely accelerate Well capitalized industry participants will benefit from attractive growth opportunities through acquisitions at distressed val
Slide 19: Opportunities for Green Plains
CGPRE) Opportunities for Green Plains + Leverage strong balance sheet and public currency to pursue selective acquisitions at attractive valuation levels * Continue to diversify ethanol platform with upstream grain assets and downstream blending / distribution assets ¢ 2°4 generation bolt-on technol
Slide 20: Green Plains Renewable Energy, Inc.
= Se GPRE Green Plains Renewable Energy, Inc.
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