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Q2 2015 Earnings Call – Renewable Energy Group, Inc.

Renewable Energy Group, Inc. · Aug 4, 2015 · 13 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 1
    Q2 2015 Earnings Conference Call August 4, 2015 Copyright 2015 Renewable Energy Group, Inc.
  2. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 2
    EPA proposed requested Renewable Volume Obligation Biomassbased Diesel 2014 1.63 billion gallons 2015 1.7 billion gallons 2016 1.8 billion gallons 2017 1.9 billion gallons Total Advanced Biofuels (ethanol equivalent gal.) 2014…
  3. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 3
    Biorefinery in Grays Harbor, WA Capacity: 100 mgpy nameplate Location: Grays Harbor, Washington Primary Feedstock: Canola and Soybean Oil Deal details: 15 million in cash Issue 1.5 million shares of REG common stock Pay either an…
  4. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 4
    REG Danville broke ground on a 31 million upgrade Distillation capabilities to be added Pretreat capacity improvements and storage optimization Enhanced logistics and administrative space Fifth Third Bank will reinvest in the REG…
  5. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 5
    Petrotec update Delisting from the Frankfurt stock exchange in October 6 Copyright 2015 Renewable Energy Group, Inc.
  6. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 6
    Second Quarter Financial Highlights (in millions except for ASP) Q2 2015 Q2 2014 Y/Y Change Gallons Sold 96.1 77.2 24.5% ASP 3.13 3.67 (14.7)% Revenue 374 333 12.3% Adj EBITDA1 prior to BTC 3.26 5.70 (42.8)% allocation Adj EBITDA1…
  7. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 7
    Balance Sheet Strength June 30, December 31, (in millions) 2015 2014 Cash and marketable securities 101.2 80.3 Receivables 59.9 294.71 Inventory 95.2 97.5 Restricted cash 106.8 117.7 Net working capital 176.6 243.1 Total Assets 1,153.4…
  8. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 8
    Energy Market Prices 4.5 4.5 Average ULSD in Q2 2014 2.95/gal and 4.0 4.0 in Q2 2015 1.89/gal, a reduction of 36% 3.5 3.5 3.0 3.0 2.5 2.5 /gallon /gallon 2.0 2.0 1.5 1.5 1.0 1.0 0.5 0.5 0.0 0.0…
  9. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 9
    Feedstock Prices 4.00 3.50 3.00 /gallon 2.50 2.00 1.50 1.00 Choice White Grease CBOT Soybean Oil Yellow Grease Used Cooking Oil Inedible Corn Oil Source: REG and OPIS 10 Copyright 2015 Note:…
  10. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 10
    Risk Management G/(L) Chart 100,000 0.80 90,000 0.62 0.60 80,000 70,000 0.40 0.33 60,000 Gallons sold 50,000 0.22 0.20 0.14 40,000 0.05 0.10 0.04 Average 0.022 0.02 0.04 0.01 (0.01) 0.00 30,000 (0.01) (0.02)…
  11. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 11
    Liquidity and Capital Structure June 30, December 31, (in millions except for Book value per share) 2015 2014 Term Debt1 252.9 252.9 Term Debt1/Total Capitalization 26.0% 24.5% Term Debt net of fully collateralized 152.9 152.9…
  12. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 12
    Outlook Assumptions: No change to proposed RVO volumes Market participants continue to trade as if the Federal Biodiesel Tax Credit will be retroactively reinstated for 2015 Estimate based on the forward curve between feedstock…
  13. Q2 2015 Earnings Call – Renewable Energy Group, Inc. – slide 13
    Adjusted EBITDA Reconciliation 2Q15 1Q15 2014 2013 (in millions) Net Income (Loss) (2.16) (38.30) 82.54 186.36 Income Tax (Benefit) Expense (0.71) (0.90) 3.57 4.94 Interest Expense 2.93 2.74 6.70 2.39 Other (income) expense, net (1.78)…

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