Slide 1: Third Quarter 2022 Business Update
Third Quarter 2022 Business Update November 3, 2022
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 Inc.
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Slide 4: Third Quarter 2022 Results
Third Quarter 2022 Results Results of Operations ◦ Net loss attributable to Green Plains of $73.5 million, or ($1.27) per basic and diluted share ◦ EBITDA of ($35.6) million ◦ Cash, cash equivalents, restricted cash and marketable securities of $512.4 million and $155.0 million available under a com
Slide 5: Business Activity & Updates
Business Activity & Updates • Commissioned MSC™ technology at Green Plains Central City, providing enhanced corn oil extraction capabilities and Ultra-High Protein production capacity • Commissioning of two additional MSC™ locations, Mount Vernon, Indiana and Obion, Tennessee, on track for completio
Slide 6: Selected Operating Data
Selected Operating Data Green Plains Inc. (in thousands) For the three months ended September 30, 2022 2021 Ethanol production Ethanol sold (gallons) 219,166 181,214 Distillers grains sold (equivalent dried tons) 586 492 Corn oil sold (pounds) 72,975 55,397 Corn consumed (bushels) 75,308 62,524 Agri
Slide 7: Consolidated Crush Margin
Consolidated Crush Margin Green Plains Inc. For the three months ended September 30, 2022 2021 2022 2021 (in millions) (per gallon produced) Ethanol production: Operating loss (1) $ (64.1) $ (44.2) $ (0.29) $ (0.24) Depreciation and amortization 21.5 25.6 0.10 0.14 Total adjusted ethanol production
Slide 8: Condensed Consolidated Income Statement
Condensed Consolidated Income Statement Green Plains Inc. (in millions, except per share amounts) For the three months ended September 30, 2022 2021 Revenues $ 955.0 $ 746.8 Costs and expenses 1,016.9 791.5 Operating loss $ (61.9) $ (44.7) Other expense (8.0) (9.9) Income tax benefit 1.9 — Income fr
Slide 9: Select Balance Sheet Data
Select Balance Sheet Data Green Plains Inc. (in millions, except per share amounts) For the period ending Sep. 30, 2022 Dec. 31, 2021 Cash, cash equivalents and restricted cash and marketable securities $ 512.4 $ 685.8 Working capital 228.3 185.6 Working capital financing (1) (206.1) (173.4) Working
Slide 10: Green Plains Partners LP
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Slide 11: Selected Operating Data - Green Plains Partners LP
Selected Operating Data Green Plains Partners LP (in million gallons) For the three months ended September 30, 2022 2021 Product volumes Storage and throughput services 219.7 182.2 Terminal services 47.9 48.3 Railcar capacity billed (daily average) 74.7 68.6 11
Slide 12: Condensed Consolidated Balance Sheet - Green Plains Partners LP
Condensed Consolidated Balance Sheet Green Plains Partners LP (in millions) For the period ending Sep. 30, 2022 Dec. 31, 2021 Assets Current assets $ 33.9 $ 33.0 Property and equipment, net 26.5 28.8 Operating lease right-of-use assets 36.9 38.9 Other assets 14.6 13.8 Total assets $ 111.9 $ 114.5 Li
Slide 13: Condensed Consolidated Income Statement - Green Plains Partners LP
Condensed Consolidated Income Statement Green Plains Partners LP (in millions, except per unit amounts) For the three months ended September 30, 2022 2021 Revenues $ 20.0 $ 19.2 Operating expenses 8.4 7.1 Operating income $ 11.6 $ 12.1 Interest expense (1.5) (2.8) Income tax expense — (0.1) Income f
Slide 14: Adjusted EBITDA and DCF
Adjusted EBITDA and DCF Green Plains Partners LP (in millions, except ratios) Three Months Ended LTM Ended September 30, Sept. 30, 2022 2021 2022 Net income $ 10.2 $ 9.4 $ 40.9 Interest expense 1.5 2.8 5.4 Income tax expense — 0.1 0.1 Depreciation and amortization 1.2 1.1 3.9 Unit-based compensation
Slide 15: Appendix
B= Green Plains Ingredients that matter Appendix
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation Green Plains Inc. (in millions) For the three months ended September 30, 2022 2021 Net loss $ (67.9) $ (54.4) Interest expense 9.6 9.5 Income tax benefit (1.9) — Depreciation and amortization (1) 24.6 28.3 EBITDA $ (35.6) $ (16.6) Loss on sale of assets, net — 1.8 Proportiona