CHS Inc. · NASDAQ:CHSCP

CHS — FY2023 Earnings Presentation

23 slides from CHS's earnings presentation, Dec 7, 2023

  1. Slide 1: Olivia Nelligan, EVP, Chief Financial Officer and Chief Strategy Officer

    Olivia Nelligan Executive vice president, chief financial officer and chief strategy officer

  2. Slide 2: Disclosure Statement

    DISCLOSURE STATEMENT This document and other CHS Inc. publicly available documents contain, and CHS officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. For

  3. Slide 3: Elevate

    ELEVATE

  4. Slide 4: Slide 4

  5. Slide 5: Revenue 2019-2023

    $0 $10 $20 $30 $40 $50 2019 2020 2021 2022 2023 Revenue $45.6 ($ in billions)

  6. Slide 6: Net Income 2019-2023

    $0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 $2,000 2019 2020 2021 2022 2023 $1,900 Net Income ($ in millions)

  7. Slide 7: CHS Pretax Income: Energy

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 CHS Pretax Income Fiscal year ended Aug. 31, 2023

  8. Slide 8: CHS Pretax Income: Ag

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) CHS Pretax Income Fiscal year ended Aug. 31, 2023

  9. Slide 9: CHS Pretax Income: Nitrogen Production

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) Nitrogen Production 260,760 477,985 (217,225) CHS Pretax Income Fiscal year ended Aug. 31, 2023

  10. Slide 10: CHS Pretax Income: Corporate and Other

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) Nitrogen Production 260,760 477,985 (217,225) Corporate and Other 259,768 57,895 201,873 CHS Pretax Income Fiscal year ended Aug. 31, 2023

  11. Slide 11: CHS Pretax Income

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) Nitrogen Production 260,760 477,985 (217,225) Corporate and Other 259,768 57,895 201,873 Pretax Income 2,007,779 1,810,017 197,762 CHS Pretax Income Fiscal year ended Aug. 31, 2023

  12. Slide 12: CHS Net Income: Income Tax Expense

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) Nitrogen Production 260,760 477,985 (217,225) Corporate and Other 259,768 57,895 201,873 Pretax Income 2,007,779 1,810,017 197,762 Income Tax Expense (Benefit) 107,655 132,116 (24,461) CHS Net Incom

  13. Slide 13: CHS Net Income Fiscal year ended Aug. 31, 2023

    ($ in thousands) 2023 2022 CHANGE Energy $ 1,075,443 $ 616,551 $ 458,892 Ag 411,808 657,586 (245,778) Nitrogen Production 260,760 477,985 (217,225) Corporate and Other 259,768 57,895 201,873 Pretax Income 2,007,779 1,810,017 197,762 Income Tax Expense (Benefit) 107,655 132,116 (24,461) Noncontrollin

  14. Slide 14: Net Income Fiscal Year 2023 vs 2022

    $1,900,438 $1,678,762 Net Income Fiscal Year 2023 Fiscal Year 2022 Change $221,676

  15. Slide 15: Elevate

    ELEVATE

  16. Slide 16: Fiscal Year 2022 Cash Returns

    $365 million Cash patronage $365 million Equity redemptions $730 million Cash returns FSCAL YEAR 2022

  17. Slide 17: Cash returns in the last years

    ~$3.2 billion Cash returns in the last 10 years

  18. Slide 18: Equity certificates

    $706 million Qualified equity $169 million Nonqualified equity $875 million Equity certificates

  19. Slide 19: FY23 Wholesale Patronage Rates

    Gallons Cash Total Refined fuels $0.08 $0.28 Premium diesel $0.09 $0.30 Propane $0.01 $0.04 Bushels Soybeans $0.13 $0.43 Spring wheat $0.04 $0.15 Hundredweight Canola $1.07 $3.62 Tons Bulk fertilizer $9.24 $31.40 Dollars Commissions (CHS Hedging) $0.21 $0.71 Focus crop protection $0.06 $0.22 FY23 Wh

  20. Slide 20: Slide 20

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  22. Slide 22: Elevate

    ELEVATE

  23. Slide 23: Slide 23

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