Montauk Renewables, Inc. · NASDAQ:MNTK
Montauk Renewables — FY2022 Earnings Presentation
13 slides from Montauk Renewables's earnings presentation, Mar 16, 2023
Slide 1: Investor Presentation: Full Year 2022 Results
Investor Presentation FULL YEAR 2022 RESULTS MARCH 16, 2023
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, among others, those we make relating to our estimated and projected financial conditi
Slide 3: Financial Performance: Income Statement
Financial Performance Income Statement 3
Slide 4: Operational Results – Year Ended December 31, 2022
Operational Results – Year Ended December 31, 2022 (in thousands, unless otherwise indicated) All comparisons are between the year ended December 31, 2022 and the year ended December 31, 2021, unless otherwise indicated Renewable Natural Gas (“RNG”) Metrics – 166 MMBtu decreased production RIN Metri
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: – $9,836 accounting for stock-based compensation – $5,234 adjustments to working capital and other assets and liabilities – $4,852 accounting for impairment losses Investing activities include: – $6,86
Slide 8: Business Development: Pico Feedstock Amendment
Business Development Pico Feedstock Amendment (in thousands, unless otherwise indicated) 2022 Highlights – Completed design of the digestion capacity project and incurred capital expenditures – Made payments of $2,500 to dairy for receipt of two of three tranches in increased feedstock deliveries •
Slide 9: Business Development: Second Apex RNG Facility
Business Development Second Apex RNG Facility 2022 Highlights – Announced planned construction of a second RNG processing facility – Planned in connection with increased projections of biogas feedstock availability by landfill host – Expect 2,100 MMBtu per day increase in daily production representi
Slide 10: Business Development: Montauk Ag Renewables
Business Development Montauk Ag Renewables 2022 Highlights – Magnolia, NC reactor technology relocated to Turkey, NC to centralize processing at one location – Turkey, NC location has been accepted into the Piedmont Natural Gas Renewable Gas Pilot Program – Continuing to work with engineer of record
Slide 11: Business Development: Strategic Growth Opportunity Pipeline
Business Development Strategic Growth Opportunity Pipeline Positioned for continued growth, with on-going evaluation of various strategic opportunities: – Multiple LFG RNG sites in various stages of evaluation • Currently contemplates generating renewable electricity to qualify for eRINs – Exploring
Slide 12: Appendix
Appendix MONTAUK
Slide 13: Non-GAAP Reconciliation: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliation EBITDA and Adjusted EBITDA 13