MGP Overview and Strategic Focus Areas
IMPACT OF PLANNED CLOSURE OF THE ATCHISON DISTILLERY
PRO-FORMA RESULTS - DISTILLING SOLUTIONS
Change
(1)
As
S
%
Year to Date Ended September 30, 2023
Reported (1) Pro-Forma(2)
Brown Goods
$214,857
$214,857
$-
-%
(2)
White Goods
47,199
11,378
(35,821)
(76)
Premium Beverage Alcohol
262,056
226,235
(35,821)
(14)
Industrial Alcohol
29,911
(29,911)
(100)
Food Grade Alcohol
291,967
226,235
(65,732)
Fuel Grade Alcohol
5,963
16
(5,947)
(23)
(100)
Distillers Feed and Related Co-Products
23,053
7,749
(15,304)
(66)
Warehouse Services
20,958
20,958
Sales
$341,941
$254,958
$(86,983)
(25)%
Gross Profit
$104,986
$112,547
$7,561
7%
Gross Margin %
30.7%
44.1%
13.4 pp
(3)
44
Source: Company filings; unaudited
MGP
Represents actual results of the Company for the
year to date ended September 30, 2023, as reported
in the Company's Quarterly Report on Form 10-Q
for the quarter and year to date ended September
30, 2023.
Represents the Company's results for the year to
date ended September 30, 2023 excluding results
associated with the Company's Atchison, Kansas
distillery. These are pro-forma unaudited financial
results and are preliminary. In some
circumstances, white goods, industrial alcohol, fuel
grade alcohol, and at times certain co-products are
produced at the Company's Lawrenceburg, Indiana
distillery. The pro-forma financial results assume
the loss of the waste starch slurry credit and no
gain or loss on the disposal. The results of the
Branded Spirits segment for the year to date ended
September 30, 2023 would not have been impacted
by a closure of the Atchison, Kansas distillery.
Percentage points ("pp").View entire presentation