Ingredient Solutions Sales Expansion
•
DISTILLING SOLUTIONS
PROGRESS OF PLANNED CLOSURE OF THE ATCHISON DISTILLERY
Due to their lower relative gross margin profiles, white goods and industrial alcohol sales have been de-
emphasized in recent years
MGP
•
Beginning in 2022, as a result of increased supply into the market following COVID and the continued high corn
basis values in the Atchison, KS region, gross margins turned negative for these product lines in Atchison, KS
In response, on July 13, 2023, the Company announced the planned closure of the Atchison Distillery by January
2024, and the planned closure is currently on schedule
White Goods & Industrial Alcohol Sales as a Percent of Total Segment Sales
91.
2020
46%
54%
61%
2021
39%
72%
2022
28%
■Other Distilling Solutions Sales
White Goods and Industrial Sales
Pro-Forma results exclude results associated with the Atchison distillery. See appendix for
more information
Ytd September 30, 2023
96%
Pro Forma¹
4%View entire presentation