CHS Inc. · NASDAQ:CHSCP

CHS — FY2022 Earnings Presentation

27 slides from CHS's earnings presentation, Dec 2, 2022

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

    Olivia Nelligan Executive Vice President, CFO and Chief Strategy Officer Exhibit 99.2

  2. Slide 2: IMAG

    IMAG

  3. Slide 3: 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. Fo

  4. Slide 4: IMAG

    IMAG

  5. Slide 5: Slide 5

  6. Slide 6: Revenue ($ in billions)

    $0 $10 $20 $30 $40 $50 2018 2019 2020 2021 2022 Revenue ($ in billions) $47.8

  7. Slide 7: Net Income ($ in millions)

    $0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 2018 2019 2020 2021 2022 $1,678.8 Net Income ($ in millions)

  8. Slide 8: IMAG

    IMAG

  9. Slide 9: Slide 9

  10. Slide 10: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  11. Slide 11: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  12. Slide 12: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  13. Slide 13: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  14. Slide 14: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  15. Slide 15: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  16. Slide 16: Pretax income by segment

    ($ in thousands) 2022 2021 CHANGE Energy $ 616,551 $ (10,596) $ 627,147 Ag 657,586 298,096 359,490 Nitrogen Production 477,985 121,035 356,950 Corporate & Other 57,895 106,785 (48,890) Pretax Income 1,810,017 515,320 1,294,697 Income Tax Expense (Benefit) 132,116 (38,249) 170,365 Noncontrolling Inte

  17. Slide 17: IMAG

    IMAG

  18. Slide 18: Cash returns fiscal year 2022

    $500 Million CASH PATRONAGE $500 Million EQUITY REDEMPTIONS ~$1 Billion CASH RETURNS FSCAL YEAR 2022

  19. Slide 19: Cash returns in the last years

    ~$3 Billion CASH RETURNS IN THE LAST 10 YEARS

  20. Slide 20: Equity certificates fiscal year 2022

    $509 Million QUALIFIED EQUITY $154 Million NON-QUALIFIED EQUITY $663 Million EQUITY CERTIFICATES FSCAL YEAR 2022

  21. Slide 21: Patronage Rates

    Patronage Rates* Gallons Cash Total Refined fuels $0.07 $0.16 Premium diesel $0.08 $0.18 Lubricants $0.41 $0.96 Bushels Corn $0.05 $0.12 Soybeans $0.22 $0.52 Spring wheat $0.04 $0.09 Wheat $0.02 $0.05 Tons Bulk fertilizer $33.22 $77.42 * estimated

  22. Slide 22: Slide 22

  23. Slide 23: Equity Management Priorities

    Equity Management Priorities Ensuring decisions are in the best interest of CHS and its owners Maintaining a strong balance sheet, including the capital reserve Strengthening our ability to pursue long-term growth

  24. Slide 24: IMAG

    IMAG

  25. Slide 25: Slide 25

  26. Slide 26: Slide 26

  27. Slide 27: IMAG

    IMAG

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