Investor Presentaiton
Dairy RNG Projects
GreenGas Colorado: Actively Producing
Accretive partnership: sold 50% of Green Gas Colorado for >100% of total
equity value
Manure to pipeline quality RNG with offtake in competitive jurisdiction
Long-term feedstock supply from two national dairy producers with on-site
gas offtake and connection
Negative Cl scores (-189 for GreenGas) allows GIP the ability to capture
higher values on LCFS and RIN credits than non-dairy based RNG
facilities
Operational optimization activities underway to ramp up to full production
of 360,000 MMBtu/year
Iowa RNG: Three Dairies on Long-term Supply Agreements
Projected run-rate EBITDA1 of ~$18 million
Estimated CI Score of -230
Capital cost approximately $100 million
Gearing up for construction; finalizing EPC agreements and capital cost estimates
GIP to retain a 50% interest in the project with 50% held by Amber Infrastructure
[email protected]
TSX: GIP.V
Cost¹
Expected Financial Profile
Offtake
Credit Rating
Feedstock
Run Rate EBITDA²
~$105 million
Confirmed
A-/Baa1
Secured
~$22 million
(1) Inclusive of financing costs; CAPEX costs are expected to remain consistent with previously disclosed estimates of C$72 million
(2) GIP retains 50% interest
Project Highlights
Location
Size
Anticipated Construction Start
NW Iowa
11,000+ dairy cattle
2024
1. The Q3 2023 MD&A provides additional disclosure on the expected EBITDA of Colorado and lowa. Please see
non-GAAP measures on page 3
Note: All figures on this page are in Canadian dollars (C$) based on fully ramped up production of 360,000 mmbtu/year, trailing three-year historical average
pricing and exchange rate of $US to $C of $1.37
Green Impact
Partners
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