Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Jefferies Industrials Conference 2023
20 slides from Green Plains's conference presentation, Sep 5, 2023
Slide 1: Investor Presentation September 2023
Investor Presentation September | 2023
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 in distillers grain annually Ethanol Production Processes more than 10MM tons of corn, originating more t
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 for 2024 • Ultra-Hi
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 – Upending the Traditional Ethanol Model CST – the reason we bought FQT – has the ability to upend traditional ethanol economics and increase margins significantly Opportunity Overview • Green Plains owns and controls Fluid Quip’s Clean Sugar Technology (CST™), which is e
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 • Carbon capture and storage reduces the carbon footprint of our biorefinery by ~50% or ~2
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 to each of our assets Our existing platform represents ~3 million tons of biogenic carbon capture opportunities between pipeline commitments, direct injection and commercial utilization, which is equivalent to: ~ 668 thousand
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 • Advanced biofuels credit benefits cellulosic ethanol • 45Q provides an $85 per-ton tax credit for carbon capture utilization and sequestration (
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? Game-changing ag-technology, diversifying product offering to higher-margin ingredients in high-growth markets • Implementing MSC™ protein technology to create non-cyclical, high margin products • 50% uplift in corn oil yields, the preferred low-CI feedstock for growing renewable d
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.