Building Our Legacy MGP INGREDIENTS 2015 ANNUAL MEETING OF SHAREHOLDERS

Transcription

1 MGP INGREDIENTS 2015 ANNUAL MEETING OF SHAREHOLDERS

2 2 Forward-Looking Statements Certain of the comments made in this presentation and in the question and answer session that follows may contain forward-looking statements relation to operations, financial condition and operating results of MGP Ingredients, Inc. and such statements involve a number of risks and uncertainties. These statements reflect management s views as of today and we do not undertake to update them. We wish to caution you that these statements are only estimates and that actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forwardlooking statements is contained in Item 1A Risk Factors of our Annual Report on Form 10-K for the period ending December 31, 2014 as updated by Item 1A. Risk Factors in subsequent Quarterly Reports on Form 10-Q, including for the quarter ended March 31, 2015.

3 3 Proud Heritage & Evolving Focus Founded as Midwest Solvents Co Name Changed to Midwest Grain Products, Inc., 1985 Name Changed to MGP Ingredients, Inc. October 2002 Industrial Alcohol Beverage Alcohol Wheat Gluten Wheat Starch Fuel Alcohol Specialty Starches Specialty Wheat Proteins Personal Care Ingredients Pet Industry Ingredients Textured Wheat Protein Resistant Starches Plant-Based Bioplastics Exited Personal Care and Pet Products and Greatly Reduced New Technical Fuel Alcohol Innovation Center and Corporate Office Exited Commodity Gluten and Starch Added Bourbon and Whiskey to Beverage Alcohol Product Offerings Exited Bioplastics and Added Corn Oil as a Distillery Co-Product New Leadership Concentration on Industrial and Beverage Production Diversification into Grain-Based Ingredients and Fuel Ethanol Production-Driven Focus Accelerated Development and Commercialization of Value-Added Specialty Ingredients, while Exiting Commodity Areas of the Business Customer-Centric Focus

4 4 Uniquely Positioned Largest U.S. producer of distilled gin Leading supplier to the fast-growing premium bourbon and whiskey markets Among largest U.S. producers of industrial alcohol Largest U.S. producer of specialty wheat proteins and starches

5 5 Our Mission Secure our future by consistently delivering superior financial results by more fully participating in all levels of the alcohol and food segments for the betterment of our shareholders, employees, partners, consumers, and communities.

6 6 Strong Foundation Return to consistent profitability *See Non-GAAP Financial Measures in appendix

7 7 Strong Foundation Return to consistent profitability New leadership Increased functional and industry expertise at both the board and executive level

8 8 Strong Foundation Return to consistent profitability New leadership Distillery Products Segment Realizing the growth potential

9 9 Strong Foundation Return to consistent profitability New leadership Distillery Products Segment Ingredients Solutions Profitable and refocused

10 10 Strong Foundation Return to consistent profitability New leadership Distillery Products Segment Ingredients Solutions ICP JV Achieved record profits in 2014

11 11 Growth Strategies Maximize Value of Our Current Production Volumes Emphasize value over volume Take advantage of macro trends

12 12 Growth Strategies Capture Larger Share of Value Chain Develop partnerships Provide unique solutions and offerings

13 13 Growth Strategies Invest to Support Growth Capital expenditures Inventory SG&A

14 14 Growth Strategies Continue Strong Risk Management Discipline Lock in margins Robust analysis Prudent decision-making $8.000 Price per Bushel $7.000 $6.000 $5.000 $4.000 $3.000 $2.000 $1.000 $0.000 Price per Bushel of Corn

15 15 Growth Strategies Build the MGP Brand Shareholders Employees Partners Consumers Communities

16 16 5y=4x

17 17 First Quarter 2015 Results Gross profit increased to $13.4 million Gross margin improved to 16.6% Operating income increased to $6.9 million ICP joint venture contributed $1.3 million Net income rose to $5.1 million Earnings per share (EPS) improved to $0.28 per share

18 18 5y=4x

19 MGP Ingredients 2015 Annual Meeting of Shareholders

20 MGP Ingredients 2015 Annual Meeting of Shareholders

21 21 Financial Summary and Non-GAAP Measures