Renewable Energy : Conference Call Presentation Q2 2021

August 5, 2021

Q2 2021 Earnings Conference Call

© 2021 Renewable Energy Group, Inc. All Rights Reserved.

Speakers

Cynthia (CJ) Warner	R. Craig Bealmear
President & Chief Executive Officer	Chief Financial Officer

Todd Robinson

Deputy Chief Financial Officer & Treasurer

© 2021 Renewable Energy Group, Inc. All Rights Reserved.

2

Safe Harbor

This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended, including statements regarding: our expectations regarding our future financial condition and results of operations; future pricing and availability of inputs and products, including our sourcing thereof; the success of our strategic investments and/or partnerships, including our partnership with Manchester United our customer's continued usage of our products; estimated demand for petroleum distillates; developments regarding the COVID-19 pandemic and its impact on our markets; the strength of our business model; market demand for our products and related government actions and market forces that may affect demand; our production plans; improvements expected regarding our operations, outputs and costs; overall market conditions; changes in governmental programs, policymaking and requirements or encouraged use of biofuels, including Canada's Clean Fuel Standard, Washington's clean fuel standard and cap and trade, and the European

Union's Fit for 55 package; our outlook for 2021 market forces; the success of our risk management program on minimizing economic volatility; our outlook for 32

2021 for gallons sold and Adjusted EBITDA and our outlook for full year 2021 gallons sold and produced.

These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to: the ability to obtain the capital needed to complete the announced expansion project at our Geismar, Louisiana biorefinery; cost overruns and construction delays; the inability to obtain governmental permits and third party easements required or necessary to initiate or complete the expansion project; the impact of COVID-19 on our business and operations, financial performance, including revenues, cost of revenues and operating expenses; changes in governmental programs and policies requiring or encouraging the use of biofuels, including RFS2 on the federal level, and on the state level, programs such as California's Low Carbon Fuel Standard; availability of federal and state governmental tax incentives and incentives for biomass-based diesel production; changes in the spread between biomass-based diesel prices and feedstock costs; the availability, future price, and volatility of feedstocks; the availability, future price and volatility of petroleum and products derived from petroleum; risks associated with fire, explosions, leaks, weather related events and other natural disasters at our facilities; any disruption of operations at the Geismar renewable diesel refinery (which would have a disproportionately adverse effect on our profitability, including our proposed capacity expansion thereto); the effect of excess capacity in the biomass-based diesel industry and announced large plant expansions and potential co-processing of renewable diesel by petroleum refiners; unanticipated changes in the biomass-based diesel market; potential failure to comply with government regulations; competition in the markets in which we operate; technological advances or new methods of biomass-based diesel production or the development of energy alternatives to biomass- based diesel; our indebtedness and compliance, or failure to comply, with restrictive and financial covenants in our various debt agreements; risks associated with customer negotiations; the risk that measures intended to remediate weaknesses in internal controls will prove to be inadequate; the potential for our risk management program to fail to minimize volatility; and other risks and uncertainties described in our annual report Form 10-K for the year ended December 31, 2020 and subsequent periodic filings with the Securities and Exchange Commission.

All forward-looking statements are made as of the date of this presentation and REG does not undertake to update any forward-looking statements based on new developments or changes in our expectations.

© 2021 Renewable Energy Group, Inc. All Rights Reserved.

3

REG Performance in Q2 2021

GALLONS SOLD

GALLONS

PRODUCED

REVENUE

NET INCOME

163 million

132 million

$816 million

$79 million

ADJUSTED EBITDA1

$103 million

Strong financial and operating results
(1) Adjusted EBITDA is a non-GAAP measure. See Appendix for a reconciliation of Adjusted EBITDA to GAAP Net Income (loss) from continuing operations, and the note thereto for
further information regarding Adjusted EBITDA	4
© 2021 Renewable Energy Group, Inc. All Rights Reserved.

Total Recordable Incident Rate and DART Rate (Global)

	4.00		Year-to-Date TRIR through June 30th is 0.23
	3.00				June
				TRIR
					(1.70)
Rate
Incident	2.00	Industry Average: 2.1
	1.00
	Industry Leaders: 0.7
	0.00
	Jan-17	Jan-18	Jan-19	Jan-20	Jan-21

TRIR (Total Recordable Incident Rate)

DART (Days Away, Restricted, or Transferred)

Industry Leader

Industry Average

Note: TRIR calculated on a twelve month rolling average, includes COVID-19 transmissions	5
© 2021 Renewable Energy Group, Inc. All Rights Reserved.