VERBIO SE VERBIO AG
Q3 2022/2023
Claus Sauter (CEO), Alina Köhler (IR) May 11, 2023
© VERBIO IR, May 11, 2023
Disclaimer
This presentation contains forward-looking information, which is based on assumptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Even though company management believes that these assumptions and estimates are correct, the actual future development and actual future results can deviate substantially from these assumptions and estimates due to many factors. For example, these factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in the industry. VERBIO assumes no liability and provides no warranty that future developments and actual future results will agree with the assumptions and estimates expressed in this presentation.
© VERBIO IR, May 11, 2023 | 2 |
Agenda
- Group Financials: Q3 22/23
- Segment Financials: Q3 22/23
- Acquisition of South Bend Ethanol
- Update & Outlook
© VERBIO IR, May 11, 2023 | 3 |
Group Financials: Q3 22/23
Key figures in Q3 22/23:
Production
in kt* and GWh
Biodiesel in kt Bioethanol in kt RNG in GWh
271.5
237.2
EBITDA
in € m
-66% |
Net cash
in € m
-32% |
177.5
Equity ratio
in %
-0.2pp |
74.0%73.8%
139.0 | 153.1 | 127.7 | |
67.7 | 65.6 | 43.2 | |
121.3
Q3 21/22Q3 22/23 *thousand tonnes
- Biodiesel Production +10% yoy due to higher utilization in Canada
- Ethanol Production stable yoy
- RNG Production +14% yoy due to capacity expansion
Q3 21/22 | Q3 22/23 |
Decrease primarily due to:
- Decline in sales prices, in particular for biodiesel
- Higher purchasing prices
31.12.202231.03.2023
Change is driven by:
- EBITDA (+)
- WC (+)
- Growth investments (-)
- Tax Payment (-)
- Dividend Payout (-)
31.12.2022 31.03.2023
Financial stability remains high
4 | ||
© VERBIO IR, May 11, 2023 |
Group Financials: Q3 22/23
Segment Overview: Recovery in Ethanol Segment qoq
Group EBITDA by Segment Q3 22/23 vs Q3 21/22 in €m
140.0
127.7
120.0 | ||||||||||
100.0 | 52.0 | -50.8 | ||||||||
80.0 | ||||||||||
60.0 | -34.5 | 48.9 | ||||||||
43.2 | 1.7 | |||||||||
40.0 | 75.3 | |||||||||
17.5 | ||||||||||
20.0 | 47.0 | |||||||||
24.5 | ||||||||||
0.0 | ||||||||||
Q3 21/22 | Biodiesel | Bioethanol | Q3 22/23 | Q2 22/23 | ||||||
Biodiesel | Bioethanol | Other | ||||||||
Comments
- Low yoy comparability due to opportunistic feedstock price hedging in 2021/22
- Qoq EBITDA remained largely stable:
- Increase in Bioethanol segment thanks to recovery in sales prices
- Decrease in Biodiesel segment is driven by sharp decline in biodiesel prices in Europe coupled with only a small decrease in purchasing prices
© VERBIO IR, May 11, 2023 | 5 |
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VERBIO Vereinigte BioEnergie AG published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 11:13:43 UTC.
