Green Plains, Inc. · NASDAQ:GPRE
Green Plains — Jefferies Industrial Conference 2022
20 slides from Green Plains's conference presentation, Aug 9, 2022
Slide 1: Jefferies Industrial Conference
Jefferies Industrial Conference August 9-10, 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: Transforming to the Biorefinery Platform of the Future
Transforming to the Biorefinery Platform of the Future Green Plains (GPRE) is transforming from traditional ethanol into a sustainable biorefinery platform, innovating through ag technology to produce higher-value products with stable cash flows, for tomorrow’s sustainable economy Ultra-High Corn Oi
Slide 4: Strategic Growth Areas
Strategic Growth Areas Positioned to capitalize on rapidly growing Ultra-High Protein Renewable Corn Oil demand • Sustainable Ultra-High Protein – sustainable ingredients for high-value global markets in pet, aquaculture, dairy and poultry industries • Renewable Corn Oil – responsible low carbon fee
Slide 5: MSC Technology Drives an Inflection
MSC™ Technology Drives an Inflection Increased Protein Upside • Ultra-High Protein (50 - 53%) potentially adds $0.15 - Fishmeal $0.21/gallon2 additional EBITDA on a ~$0.50/gallon Analogue • Biorefinery economics see significant investment 60% Protein • Higher protein levels, nutritional factors, spe
Slide 6: Ultra-High Protein Contributes to the Circular Economy
Ultra-High Protein Contributes to the Circular Economy Carbon Footprint of Ultra-High Protein • Ultra-High Protein significantly improves the value of vs Common Protein Alternative the coproduct stream at our biorefineries • Combination of plant based protein and yeast delivers renewable protein sou
Slide 7: Transformation on Track for Over 50% Completed in 2022
Transformation on Track for Over 50% Completed in 2022 Central City, July 2022 Mount Vernon, July 2022 Annual Ultra-High Protein Capacity (thousands of tons) Shenandoah 50 Completed Wood River 79 Central City 70 Mount Vernon 54 Estimated 2022 Obion 72 Tharaldson 106 Madison 54 Anticipated 2023 Super
Slide 8: Assumptions for 2024 Ending Run-Rate EBITDA
Assumptions for 2024 Ending* Run-Rate EBITDA Assumptions • Assets produce at 95% of capacity on 958 MGY of capacity • Potential contributions from fuel ethanol business, ancillary businesses and corporate overhead are excluded $600 Sustainable Ultra-High Protein and Turnkey Initiatives • Remaining p
Slide 9: Significant Opportunity to Commercialize Value-added Ingredients
Significant Opportunity to Commercialize Value-added Ingredients • Strong commercial sales team with deep industry experience building a robust customer pipeline • Numerous ongoing customer dialogues including recent MOU in pet space through 2023 • Innovation Centers drive further product developmen
Slide 10: 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) 90 80 $40 Soybean Oil 55 70 60 $26 Canola Oil 5
Slide 11: Clean Sugar Technology (CST) Opportunities
Clean Sugar Technology (CST) Opportunities Technology Acquired with Fluid Quip Green 3-HPA 2,5 FDCA/ solvents Industrial • Fully scalable commercial CST production facility operating at the Innovation Enzymes PEF Center at York Lactic Butanol acid • CST produces an equivalent sugar quality to that o
Slide 12: CST – Part of Moving to a More Circular Economy
CST – Part of Moving to a More Circular Economy Source: Genomatica • Bio-based glucose and dextrose derived from corn – the most abundant renewable carbon source available – is in high demand and anticipated to grow as the demand for bioproducts expands • CST produces fermentable sugars to support g
Slide 13: Carbon Capture and Sequestration Initiatives
Carbon Capture and Sequestration Initiatives Opportunity to increase margins by $0.15 / gallon with no capital required from the ethanol facilities, in addition to potential for carbon credits, 45Q tax incentives and direct returns on investments in the pipeline and Summit Carbon Solutions (SCS) Cur
Slide 14: ESG Embedded in our DNA
ESG Embedded in our DNA • 35% reduction in operational emissions from 2018 baseline • Alignment with the Task Force on Climate-related Financial Disclosures (TCFD) • Increased focus on natural capital, biodiversity and land stewardship • 24% decrease in OSHA Total Recordable Incident Rate from 2020
Slide 15: Our Path to a Low-Carbon Future
Our Path to a Low-Carbon Future • Targeting 50% reduction in operational GHG emissions from 2018 baseline by 2030 and 100% reduction by 2050 • Plan to submit our GHG emissions reduction targets to the Science-Based Targets Initiative for validation by the end of 2022 • Evaluating initiatives to redu
Slide 16: Why Green Plains?
Why Green Plains? Game-changing ag-technology, diversifying product offering of higher-margin ingredients into high- growth markets • Implementing MSC™ protein technology across the platform to create diverse, non-cyclical, high margin products • 50% uplift in corn oil yields, a low-CI feedstock for
Slide 17: Appendix
Appendix GreenPlains 17
Slide 18: Green Plains 2.0 Transformation Value Chain
CO, Injection Well co, co, Co, Processing Biorefining Fluid Quip ‘Scope land Scope i: Biogenic (fermentation) . Technologies IP Suite 2emissions emissions MSC™, Clean Sugar Technology™, ete. Value Chain co, Transformation al A 1 Annually 2 UNDER OUR GREEN PLAINS 2.0 TRANSFORMATION, WE ARE: Renewable
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 330 million bushels Ethanol Gallons 2.9 gal
Slide 20: www.gpreinc.com
W"YA Lazar Green Plains www.gpre