Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Merger or Acquisition (October 2016)
14 slides from Green Plains's merger presentation, Oct 3, 2016
Slide 1: Acquisition of Fleischmann's Vinegar Company
Acquisition of Fleischmann’s Vinegar Company October 3, 2016 Exhibit 99.2
Slide 2: Forward-Looking Statements
This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Statements that do not relate strictly to historical or current facts are forward-looking, and include words such as “anticipates,” “believes,” “estimates,
Slide 3: Summary of Fleischmann's Vinegar Transaction
Purchase price of $250 million, including working capital, subject to certain post closing adjustments Transaction closed October 3, 2016 Management team will continue to run the business Acquired on a forward sub-10x EBITDA multiple before any synergies Acquisition will be immediately accretive to
Slide 4: Summary of Fleischmann's Vinegar Acquisition
Summary of Fleischmann’s Vinegar Acquisition STRATEGIC RATIONALE Takes advantage of our platform and expertise – the primary raw material in vinegar production is food-grade ethanol Consistent with our strategy for moving into adjacencies that leverage our capabilities Broadens our reach into food i
Slide 5: FVC pioneered concentrated, acetic acid-based liquid ingredients
FVC pioneered the development of concentrated, acetic acid-based liquid ingredients, which provide significant benefits to its customers: Unique specialty applications beyond food Reduced freight costs and increased storage capacity for customers Increased customer loyalty due to the need to recalib
Slide 6: Product Portfolio Overview
Product Portfolio Overview White Distilled Vinegar Varietals & Other Vinegars Applications Types < 200 Grain 200 Grain 300 Grain Balsamic White wine Other Red Wine Cider White Distilled Vinegar (“WDV”) WDV WDV Balsamic Kosher Balsamic Honey Balsamic White Balsamic Fig Balsamic Red Wine Kosher Red Wi
Slide 7: Extensive National Footprint with Unique Competitive Advantage
Corporate Offices Economic Service Radius Distribution Warehouse Extensive National Footprint with Unique Competitive Advantage Service Advantages Ability to serve large and small customers Seamless service throughout North America Operational Advantages Large volume concentrated production Manufact
Slide 8: Fleischmann's Vinegar Customer Base
Fleischmann’s Vinegar Customer Base FVC has built a reputation for product quality and excellence for nearly 100 years Company benefits from a customer base comprised of major food industry participants Leading branded food companies Private label food manufacturers Companies serving the foodservice
Slide 9: Varietal Innovation, Antimicrobial, Health and Wellness, Agriculture Products
Varietal Innovation Antimicrobial Applications Health and Wellness Agriculture Products FVC has unique capabilities to meet the exacting demands of vinegar customers’ evolving markets and flavor profiles FVC seeing growing interest, demand and adoption of antimicrobial technology, shelf-life extensi
Slide 10: Defining New Growth Markets – Selected Case Studies
Defining New Growth Markets – Selected Case Studies Antimicrobials Agriculture (Bio-Feed / Herbicides) FVC worked with an existing customer in 2006 to help develop an all-natural antimicrobial liquid ingredient for the ready-to-eat meat and poultry market All-natural designation required by the USDA
Slide 11: Long Term Strategic Vision Remains on Track
Long Term Strategic Vision Remains on Track Asset & Supply Management Rail Fleet Development Trucking Dry Hauling Terminal Operations Energy Agriculture Natural Gas Food & Feed Ingredients Feed Ingredients Supply Logistics Gas Transportation Midstream Trucking Liquid Hauling Blending & Distribution
Slide 12: Fleischmann's Vinegar Platform Growth Opportunities
FLEISCHAMANN’S VINEGAR PLATFORM GROWH OPPORTUNITIES (1) Soy Processing Multiple Partners working with us to develop a facility; leveraging processing capabilities and supply network for lower cost production Industrial B-grade Alcohol With York, our B-grade capability brings new market opportunity w
Slide 13: Transaction Highlights
Transaction Highlights Attractive Industry Dynamics ü Value-Added Ingredients Provider ü Proven Track Record of Innovation ü Significant Scale ü Attractive and Recession Resistant Financial Profile ü Tangible Growth Opportunities ü Longstanding, Diverse, Blue-Chip Customer Base ü Fleischmann’s is a
Slide 14: Questions & Answers
Green Plains Inc. | NASDAQ: GPRE | www.gpreinc.com Green Plains Partners LP | NASDAQ: GPP | www.greenplainspartners.com Questions & Answers