Todd Becker President & Chief Executive Officer Green Plains, Inc. 450 Regency Parkway, Suite 400 Omaha, NE 68114 www.gpreinc.com NASDAQ: GPRE 1
Green Plains Partners LP Registration Statement On May 18, 2015, Green Plains Partner LP GPP, a newly formed subsidiary of Green Plains, filed a registration statement on Form S-1 with the U.S. Securities and Exchange…
Green Plains at a Glance Ethanol Value Chain Grain Procurement & Storage, Marketing, Production Terminal Services Distribution Storage Transportation, & Logistics Upstream Downstream Agribusiness - 43 million bushels of…
Growth in Production Since 2009, our focus as been on growing our business and growing our profits 1,050 950 850 Millions of gallons 750 650 550 450 350 250 150 50 2009 2010 2011 2012 2013 2014 Ethanol Production…
Growth in Diversification Along the way we invested in technologies and adjacent businesses . 0.14 Cents per Gallon of Ethanol Produced 0.12 0.10 0.08 0.06 0.04 0.02 0.00 2009 2010 2011 2012 2013 2014 Non-Ethanol…
Growth in Profits and Growth in Cash Balance In the last 6 years our most significant growth came with adding 690 million gallons ( over 200%) of ethanol production. This has laid the foundation to expand our trading activities around…
Key Drivers of Our Business 8
Ethanol Blending U.S. Ethanol Remains the Cheapest Fuel Molecule in the World World is octane and oxygenate short - Ethanol has an octane rating of 113 per gallon Reduces CO2 emissions by up to 50%; Reduces toxics by 13% (mass) and…
U.S. Gasoline Demand is Strong U.S. Weekly Motor Gasoline 5-Year Range Total 2015Output Implied Demand 2014 10.25 10.00 9.75 (million barrels / day) 9.50 9.25 9.00 8.75 8.50 8.25 Jan Feb Mar Apr…
Ethanol Inventory Influences Near-Term Crush Margins Barrels Weekly Average Crush Margin 1.40 22,500 30 Average Days of Inventory 1.20 (Trend Line) 21,500 1.00 25 Weekly Average Crush Margin 20,500 25 0.80 Barrels…
Days of Supply Changes with Bigger Demand 12
Is the long term correlation between corn and crude in-tact 160 9.00 8.00 140 7.00 120 6.00 100 5.00 80 4.00 60 3.00 40 2.00 20 1.00 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14…
Protein and Veg Oil Factories Comparative Protein Value Estimated value of all feed co-products from ethanol 7.0 billion Industry can generate 50+ million tons of livestock feed of which 11.3 million tons were exported in 2014 42.2…
Global Demand for Ethanol is Growing Overview Top Importers of U.S. Ethanol Top markets for ethanol growth are the Philippines, India, South Canada Brazil UAE Philippines India South Korea Mexico ROW Korea, and Mexico 1,200…
Global Mandates are Growing Current Mandate Target Country Ethanol Biodiesel Ethanol Angola 10.0% 0.0% 0.0% Argentina 5.0% 10.0% 0.0% Australia 5.0% 2.0% 10.0% Brazil 27.0% 5.0% 27.0% Canada 5.0% 2.0% 0.0% Chile 5.0% 0.0% 0.0%…
Diminishing fraction of U.S. fleet with potential E15 product liability issues (even though DOE approved) The percent of the U.S. vehicle fleet automaker-approved for E15 use is expected to increase. It is forecast that at least 60% of…
E15 is Here and Expanding Kum & Go has grown to more than 430 convenience stores in 11 states. Today, Kum & Go is the fifth largest privately held, company-operated convenience store chain in the United States. Over the next two years,…
Historical Financials Green Plains Inc. 20
Historical Financial Summary Green Plains ( in millions, except per gallon data) Fiscal Year Ending December 31, YTD LTM 2010 2011 2012 2013 2014 3/31/2015 3/31/2015 Ethanol Volume Sold (millions of gallons) 544.4 721.5 677.1 734.5…
Liquidity and Capital Structure Detail ( in millions) 2010 2011 2012 2013 2014 3/31/2015 Production Capacity (mmgy) 680 740 740 1,020 1,020 1,020 EBITDA 129.6 148.6 115.5 156.6 350.7 275.4 Interest Expense 26.1 36.6 37.5 33.4 39.9…
Capital Allocation Our capital allocation strategy consists of: Growing our businesses either through acquisitions related to our current group of assets or adding adjacencies similar to the cattle feedlot acquired in 2014…
Any Questions 24
Appendix 25
Consolidated Income Statement Summary (in millions, except per share amounts) (in millions, except per share amounts) Q1-2015 Q1-2014 Revenues 738.4 733.9 Gross profit 25.6 100.7 SG&A 21.5 22.4 Operating income 4.1 78.3…
Condensed Balance Sheet (in millions) ASSETS March 31,2015 December 31, 2014 Current assets 840.2 910.9 Property and equipment, net 819.8 825.2 Other assets 90.7 92.4 Total assets 1,750.7 1,828.5 LIABILITIES AND STOCKHOLDERS…
Non-GAAP Reconciliations (1) Green Plains uses certain Non-GAAP financial measures as defined by the Securities and Exchange Commission. These are measures of performance and not defined by accounting principles generally accepted in…
Diversified Operating Income and Risk Management Ethanol & Non-Ethanol EBITDA / Gallon (2) (2) Ethanol EBITDA Based on Average Daily Crush Ethanol EBITDA Based on GPRE's Realized Crush Non-Ethanol EBITDA 0.65 Portfolio diversity…
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