Green Plains Inc (NAS:GPRE)
$ 20.24 0.46 (2.33%) Market Cap: 1.31 Bil Enterprise Value: 1.73 Bil PE Ratio: 0 PB Ratio: 1.47 GF Score: 68/100

Green Plains Inc at Jefferies Industrials Conference (Virtual) Transcript

Aug 03, 2021 / 03:00PM GMT
Release Date Price: $37.78 (+4.94%)
Laurence Alexander
Jefferies LLC - Analyst

Hello. It is Laurence Alexander with Jefferies chemical steam, and it's my pleasure to introduce Todd Becker, who is the President and CEO of Green Plains. Todd, good to see you again. I guess given the time that we have available, let's jump right in.

Let's start with the big picture. Most of the discussion in the last year or so is focused on whether Green Plains can get to around $300 million to $400 million of EBITDA by 2024. But when you look farther out at the levers for the biorefinery, I mean as I understand it, it looks like it is about $100 million of EBITDA uplift for each 100 million gallons of capacity that you convert, plus whatever you can get on the CO2 offtake agreements. So does that mean there's a plausible bridge to around $1 billion to $1.2 billion of EBITDA by the end of the decade? And if so, what kind of CapEx would you need to deploy to get there?

Todd Becker
Green Plains Inc. - President, CEO & Director

Yes, thanks, and thanks for inviting us to the conference. Yes, listen,

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