Green Plains, Inc. · NASDAQ:GPRE
Green Plains — BofA Securities 2024 Global Agriculture & Materials Conference
20 slides from Green Plains's conference presentation, Feb 29, 2024
Slide 1: Investor Presentation
Investor Presentation February 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: Green Plains – A Technology Driven Producer of Low Carbon Ingredients
Green Plains – A Technology Driven Producer of Low Carbon Ingredients Operational Areas Produces ~900MM gallons of ethanol annually across 10 biorefineries Produces ~2MM of equivalent dried tons of distillers grain annually Ethanol Production Originates more than 300MM bushels of corn annually throu
Slide 4: We are transforming our assets for a low-carbon future
We are transforming our assets for a low-carbon future UNDER OUR GREEN PLAINS 2.0 TRANSFORMATION, WE ARE: Executing across four strategic areas of growth — value-added ingredients, renewable corn oil, clean sugar and carbon capture — to achieve our long– term goals and lead the way to a low- carbon
Slide 5: Transformation in Biofuels is Happening Today
Transformation in Biofuels is Happening Today • Technologies, such as those provided by Fluid Quip Technologies, are driving the transition to a biocampus model • Low-carbon intensity proteins • Low-carbon intensity renewable corn oil • Low-carbon intensity dextrose syrups • Low-carbon intensity bio
Slide 6: MSC Technology Can Significantly Reduce Volatility While Increasing Margins
MSC Technology Can Significantly Reduce Volatility While Increasing Margins Biorefinery economics see significant improvement through deployment of MSC technology • Five Green Plains locations operating MSC Increased Protein Upside technology, with additional locations planned pending receipt of nec
Slide 7: Taking Advantage of the Unique Drivers in Renewable Corn Oil
Taking Advantage of the Unique Drivers in Renewable Corn Oil Renewable Corn Oil Price 1 Potential Renewable Corn Oil Margin Increase Average CI Pathways for Biodiesel and (Cents per Pound) Per $0.10 per pound increase Renewable Diesel Feedstock 2 ($ M) $40 Soybean Oil 55 100 $26 Canola Oil 54 75 Tal
Slide 8: The Moonshot – A Sugar High – Upending the Traditional Ethanol Model
The Moonshot – A Sugar High – CST Construction at Green Plains Shenandoah Upending the Traditional Ethanol Model December 2023 CST – the reason we bought FQT – has the ability to upend traditional ethanol economics and increase margins significantly Opportunity Overview • Green Plains owns and contr
Slide 9: Clean Sugar Technology (CST) Opportunities
Clean Sugar Technology (CST) Opportunities Disruptive Ag Technology Fueling the Growth of Bioproducts with Low Carbon Intensity Dextrose Green 2,5 3-HPA solvents • FQT’s proven, commercialized technology transforms Green Plains from Industrial FDCA/ PEF Enzymes a Gen 1 ethanol producer to an integra
Slide 10: Carbon Capture, Utilization and Storage (CCUS) is the single largest opportunity for CI reduction
Carbon Capture, Utilization and Storage (CCUS) is the single largest opportunity for CI reduction • Our biorefineries generate a pure stream of biogenic CO 2 emissions from fermentation that we plan to capture • CCUS reduces the carbon footprint of each biorefinery by ~50% or ~29 CI points positioni
Slide 11: We are pursuing a diverse set of opportunities to reduce CI and add value
We are pursuing a diverse set of opportunities to reduce CI and add value • Our existing platform represents ~2.6 million tons of biogenic carbon capture opportunities • Our existing pipeline commitments will sequester in states that have primacy for permitting of Class VI wells, Wyoming and North D
Slide 12: Assumptions for 2025 Run-Rate EBITDA
Assumptions for 2025 Run-Rate EBITDA $600 Assumptions • Assets operate at 95% of capacity • Excludes gen 1 fuel ethanol, specialty alcohol, ancillary businesses and $500 corporate overhead MSC Sustainable Ultra-High Protein and Turnkey Initiatives $400 • Protein margin uplift across 7 Green Plains M
Slide 13: Opportunities For Green Plains Under Inflation Reduction Act
Opportunities For Green Plains Under Inflation Reduction Act • Biodiesel tax credit ensures continued growth of biodiesel and renewable diesel industries, demand for renewable corn oil • Advanced biofuels credit benefits cellulosic ethanol, including corn kernel fiber (CKF) • 45Q provides an $85 per
Slide 14: Sustainability Embedded in our DNA
Sustainability Embedded in our DNA • Medium-term target validated by SBTi to reduce Scopes 1 and 2 emissions 37.8% and Scope 3 emissions 22.5% by 2030 compared to a 2021 baseline • Alignment with the Task Force on Climate-related Financial Disclosures (TCFD) • Increased focus on natural capital, bio
Slide 15: Our assets are able to achieve carbon neutrality and beyond…
Our assets are able to achieve carbon neutrality and beyond… Every point of Carbon Intensity (CI) reduction now has a definitive value Breakdown of 60 CI Ethanol and Carbon Reduction Strategy • Investing in the decarbonization of our platform is good for the planet and customers • We are on track to
Slide 16: Developing SAF Technology Using Ethanol as Feedstock
Developing SAF Technology Using Ethanol as Feedstock Green Plains, Tallgrass, and United will invest up to a combined $50 million in the joint venture – Blue Blade Energy – to develop the technology Joint Venture – Blue Blade Energy Game-changing Impact Unique Industry Expertise Transformation • Tra
Slide 17: Why Green Plains?
Why Green Plains? Five locations with MSC technology producing high value animal nutrition driving higher margins with a flexible portfolio of ingredients World’s first Clean Sugar Technology facility commissioning in early 2024, providing a game-changing opportunity to supply low-CI dextrose feedst
Slide 18: Appendix
Appendix GREEN PLAINS INC. Option 1
Slide 19: Reference Units - Operational Metrics
Reference Units - Operational Metrics Purchase / Sale GPRE 2.0 Annual Products GP 1.0 (per bushel) GP 2.0 (per bushel) GP 2.0 (per gallon) Transaction Units Production Capacity * Corn Bushels 56 pounds per bushel 56 pounds per bushel 19.3 pounds per gallon 311 million bushels Ethanol Gallons 2.9 gal
Slide 20: Thank you
Thank you gpreinc.com 20 GREEN PLAINS INC.
Green Plains — BofA Securities 2024 Global Agriculture & Materials Conference on 6ix