Mgp Ingredients, Inc. · NASDAQ:MGPI
Mgp Ingredients — Q3 2025 Earnings Presentation
19 slides from Mgp Ingredients's earnings presentation, October 2025
Slide 1: Investor Presentation Third Quarter 2025
INVESTOR PRESENTATION Third Quarter 2025 October 2025
Slide 2: Forward Looking Statements and Non-GAAP Disclaimer
FORWARD LOOKING STATEMENTS AND NON-GAAP DISCLAIMER This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the ability of MGP Ingredients, Inc. (the “Company” or “MGP”) to b
Slide 3: Third Quarter 2025 Results
THIRD QUARTER 2025 RESULTS DELIVERING PROGRESS AMID CONTINUED INDUSTRY HEADWINDS • Consolidated sales decreased 19% to $130.9 million. • Branded Spirits sales declined 3% as another quarter of solid growth in our premium plus portfolio was offset by lower mid and value portfolio sales, as expected.
Slide 4: Quarterly Results Ahead of Our Expectations
QUARTERLY RESULTS AHEAD OF OUR EXPECTATIONS PROACTIVE CUSTOMER PARTNERSHIP, BRAND FOCUS, AND DISCIPLINED PRODUCTIVITY EFFORTS MITIGATED LOWER BROWN GOODS SALES AND OPERATIONAL INEFFICIENCIES Change vs Prior Year Change vs Prior Year Consolidated Sales Consolidated Gross Profit (Quarter Ended 9/30/20
Slide 5: Third Quarter Adjusted EPS Bridge
THIRD QUARTER ADJUSTED EPS BRIDGE Third Quarter Adjusted EPS(1) $1.29 $0.85 $0.02 $0.02 $0.02 ($0.02) ($0.48) Adjusted Basic and Operating income Interest expense, net Other income Weighted average Effective tax rate Adjusted Basic and Diluted EPS Q3 2024 (expense), net shares outstanding diluted EP
Slide 6: Branded Spirits
BRANDED SPIRITS ANOTHER QUARTER OF ABOVE-CATEGORY PREMIUM PLUS GROWTH DRIVEN BY PENELOPE’S CONTINUED MOMENTUM Change vs Prior Year Branded Spirits (Quarter ended 9/30/2025) $MM $MM % Premium plus $32.1 $1.0 3% Mid 14.8 0.1 - Value 8.2 (1.9) (19) Other 5.6 (1.1) (16) Sales $60.8 $(1.9) (3)% Gross Pro
Slide 7: Focused on Our Biggest Growth Opportunities
FOCUSED ON OUR BIGGEST GROWTH OPPORTUNITIES PENELOPE HAS BECOME ONE OF THE FASTEST GROWING AMERICAN WHISKEY PREMIUM PLUS BRANDS 52W 26W 13W #2 #1 #1 FASTEST FASTEST FASTEST GROWING GROWING GROWING BRAND* BRAND* BRAND* +58% +94% +96% *52 Week Y/Y *26 Week Y/Y *13 Week Y/Y Industry Premium Plus Indust
Slide 8: Consumer Centric Innovation
CONSUMER CENTRIC INNOVATION BUILDING A ROBUST PIPELINE OF NEW PRODUCT INNOVATION ACROSS FOCUS BRANDS R E A D Y -T O -D R IN K L U X U R Y A M E R IC A N W H IS KE Y Bourbon-based RTD’s combining trending +19% Consumers continue to seek out higher-quality, +7% *52 Week *52 Week flavors like citrus, p
Slide 9: Distilling Solutions
DISTILLING SOLUTIONS SEGMENT PERFORMANCE BETTER THAN EXPECTATIONS REFLECTING AGED WHISKEY SALES AND DISCIPLINED PRICING Change vs Prior Year Distilling Solutions (Quarter ended 9/30/2025) $MM $MM % Change Brown goods $28.5 $(28.6) (50)% Warehouse services 8.1 (0.2) (3) White goods and other co-produ
Slide 10: Ingredient Solutions
INGREDIENT SOLUTIONS SEGMENT SALES AND GROSS PROFIT PRESSURED BY HIGHER WASTE STARCH DISPOSAL COSTS AND UNANTICIPATED DOWNTIME Change vs Prior Year Ingredient Solutions (Quarter ended 9/30/2025) $MM $MM % Specialty wheat starches $17.0 $0.8 5% Specialty wheat proteins 8.9 1.2 15 Commodity wheat star
Slide 11: 2025 Financial Guidance
2025 FINANCIAL GUIDANCE RAISED FULL YEAR ADJUSTED EBITDA AND ADJUSTED EPS GUIDANCE GIVEN YEAR-TO-DATE PERFORMANCE Revised Guidance1 Previous Guidance2 Sales $525 million to $535 million $520 million to $540 million Adjusted EBITDA $110 million to $115 million $105 million to $115 million Adjusted ba
Slide 12: Strong Cash Generation and Balance Sheet Flexibility
STRONG CASH GENERATION AND BALANCE SHEET FLEXIBILITY DELIVERED HIGHER YEAR-TO-DATE CASH FLOWS DESPITE EARNINGS HEADWINDS • Year-to-date operating cash flows increased 26% to Net Leverage Ratio 1.8x $92.5 million* 1.5x 1.5x 1.3x • Balance sheet remains strong and flexible with total debt of $269 mill
Slide 13: Appendix
MGP APPENDIX
Slide 14: Change in Basic and Diluted EPS
CHANGE IN BASIC AND DILUTED EPS Change in Basic and Diluted EPS, quarter versus quarter EPS Change Quarter ended September 30, 2024 $1.07 Change in operating income 1 (0.40) (38)% Change in interest expense, net1 0.02 2% Change in other income, net1 (0.02) (2)% Change in effective tax rate 0.02 2% C
Slide 15: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES NET INCOME TO ADJUSTED EBITDA AND NET DEBT LEVERAGE RATIO ($ in thousands) 2021 2022 2023 2024 Net Income $90,817 $108,872 $107,130 $34,465 Interest 4,037 5,451 6,647 8,439 Taxes 30,279 31,300 34,616 33,977 Depreciation and amortization 19,092 21,
Slide 16: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES NET DEBT LEVERAGE RATIO Quarter Ended Quarter Ended Quarter Ended Quarter Ended TTM1 ($ in thousands) 12/31/2024 3/31/2025 6/30/2025 9/30/2025 9/30/2025 Net income (loss) $(41,998) $(3,057) $14,427 $15,429 $(15,199) Interest expense 2,041 1,854 1,
Slide 17: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES FOR THE QUARTERS ENDED SEPTEMBER 30, 2025 AND 2024 Quarter Ended September 30, 2025 (in thousands, except per share amounts) Operating Income Net Income Basic and Diluted EPS Reported GAAP Results $21,016 $15,429 $0.71 Fair value of contingent con
Slide 18: Reconciliation of Selected GAAP to Non-GAAP Measures
RECONCILIATION OF SELECTED GAAP TO NON-GAAP MEASURES RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA Quarter Ended Quarter Ended ($ in thousands) 9/30/2025 9/30/2024 Net income $15,429 $23,862 Interest expense 1,739 2,174 Income tax expense 4,276 7,554 Depreciation and amortization 6,186 5,680 Share
Slide 19: Description of Non-GAAP Items
DESCRIPTION OF NON-GAAP ITEMS • Fair value of contingent consideration relates to the quarterly adjustment of the contingent consideration liability related to the acquisition of Penelope Bourbon LLC. It is included in the Condensed Consolidated Statement of Income as a component of operating income