Slide 1: Second Quarter 2024 Business Update
Second Quarter 2024 Business Update August 6, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements that reflect management’s current views of company performance, industry conditions and future economic environment. These statements are based on assumptions and various factors that are subject to risks and uncertaint
Slide 3: Second Quarter 2024 Results
Second Quarter 2024 Results Results of Operations • Net loss attributable to Green Plains of $(24.4) million, or EPS of $(0.38) per diluted share • EBITDA of $4.8 million • Cash and cash equivalents, and restricted cash of $225.1 million and $219.6 million available under a committed credit facility
Slide 4: Business Activity & Updates
Business Activity & Updates • Strong EBITDA outlook for the third quarter and the second half of 2024 based on current markets, improvement of corn oil pricing, and Ultra-High Protein demand leading to profitable outlook for the third quarter • Achieved record platform renewable corn oil yields for
Slide 5: Selected Operating Data
Selected Operating Data (in thousands) For the three months ended June 30, 2024 2023 Ethanol production Ethanol (gallons) 208,483 194,753 Distillers grains (equivalent dried tons) 463 458 Ultra-High Protein (tons) 65 44 Renewable corn oil (pounds) 73,630 64,689 Corn consumed (bushels) 71,819 67,336
Slide 6: Consolidated Crush Margin
Consolidated Crush Margin For the three months ended June 30, 2024 2023 (in millions) Ethanol production Operating loss (1) $ (2.2) $ (25.1) Depreciation and amortization 20.5 23.3 Total adjusted ethanol production $ 18.3 $ (1.8) Intercompany marketing and agribusiness fee, net (2) 4.4 6.4 Consolida
Slide 7: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement (in millions, except per share amounts) For the three months ended June 30, 2024 2023 Revenues $ 618.8 $ 857.6 Costs and expenses 636.5 900.1 Operating loss $ (17.7) $ (42.5) Other expense (5.7) (7.1) Income tax benefit 0.3 1.0 (Loss) income from equity method
Slide 8: Select Balance Sheet Data
Select Balance Sheet Data (in millions, except per share amounts) For the period ending Jun. 30, 2024 Dec. 31, 2023 Cash and cash equivalents, and restricted cash $ 225.1 $ 378.8 Working capital $ 148.5 $ 99.7 Working capital financing (1) (124.6) (106.0) Working capital, net $ 23.9 $ (6.3) Net inve
Slide 9: Appendix
Appendix 9 GREEN PLAINS INC.
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation (in millions) For the three months ended June 30, 2024 2023 Net loss $ (24.0) $ (48.3) Interest expense 7.5 9.7 Income tax benefit (0.3) (1.0) Depreciation and amortization (1) 21.6 24.6 EBITDA $ 4.8 $ (15.0) Proportional share of EBITDA adjustments to equity method investees
Slide 11: Thank you
Thank you gpreinc.com 11 GREEN PLAINS INC.