Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — Q1 2025 Earnings Presentation
16 slides from Montauk Renewables's earnings presentation, May 9, 2025
Slide 1: Investor Presentation – First Quarter 2025 Results
Investor Presentation FIRST QUARTER 2025 RESULTS MAY 9, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information
Cautionary Statement Regarding Forward-Looking and non-GAAP Financial Information This presentation contains “forward-looking statements” within the meaning of U.S. federal securities laws. Such statements include those relating to estimated and projected financial condition, results of operations,
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Quarter Ended March 31, 2025
Operational Results – Quarter Ended March 31, 2025 (in thousands, unless otherwise indicated) All comparisons are between the first quarter ended March 31, 2025 and the first quarter ended March 31, 2024, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 22 MMBtu decreased productio
Slide 5: Operational Performance: Operating Metrics
Operational Performance Operating Metrics 5
Slide 6: Financial Performance: Balance Sheet
Financial Performance Balance Sheet 6
Slide 7: Cash Flow
Cash Flow (in thousands, unless otherwise indicated) Operating items affecting net income include: – $6,264 depreciation, depletion, and amortization – $333 benefit for deferred income taxes – $1,274 accounting for stock-based compensation – $2,047 accounting for impairment Investing activities high
Slide 8: RIN Metric Highlights
Business Development RIN Metric Highlights (in thousands, unless otherwise indicated) First Quarter 2025 Highlights – EPA BRRR rules requiring RIN separation deferred RIN generation by approximately one month – Approximately 1,482 RINs generated but unseparated related to 2025 RNG production – Appro
Slide 9: RINs Available but Unsold
Business Development RINs Available but Unsold (in thousands, unless otherwise indicated) Select historical data related to RINs available, RINs sold, and RINs available but unsold: Our profitability is highly dependent on the market price of Environmental Attributes, including the market price for
Slide 10: Capital Development Summary
Business Development Capital Development Summary (in thousands, unless otherwise indicated) The following summarizes our ongoing development growth plans expected capacity contribution, anticipated commencement of operations, and capital expenditure estimate, respectively, excluding the Montauk Ag R
Slide 11: RNG Facility Developments – First Quarter 2025 Highlights
Business Development RNG Facility Developments – First Quarter 2025 Highlights Second Apex RNG Facility: – Commissioning to be complete in second quarter of 2025 Blue Granite RNG Facility: – Utility provided notice it will no longer accept RNG into its distribution system – Utility previous provided
Slide 12: RNG Facility Developments – Tulsa and Rumpke
Business Development RNG Facility Developments – First Quarter 2025 Highlights Tulsa REG Conversion to RNG: – Long lead capital expenditures expected to begin in the second quarter of 2025 – Expect commercial operations in 2027 Rumpke Relocation – Gas rights agreement obligation related to forecaste
Slide 13: Montauk Ag Renewables – First Quarter 2025 Highlights
Business Development Montauk Ag Renewables – First Quarter 2025 Highlights – Continue negotiations with other utility users to provide swine RECs from our first phase production of MWh – Continue negotiations with potential power purchase providers – Ongoing testing various methods of both collectin
Slide 14: Alternative Fuel Source Development
Business Development Alternative Fuel Source Development (in thousands, unless otherwise indicated) Biogenic Carbon Dioxide (“CO2”) Beneficial Use: – Signed contract to deliver 140 tons of CO2 from Texas facilities – 15-year contract with European Energy North America – 2027 commissioning expected –
Slide 15: Appendix
Appendix MONTAUK
Slide 16: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 16