MGP Overview and Strategic Focus Areas
DISTILLING SOLUTIONS
A LEADING SUPPLIER OF DISTILLED SPIRITS TO THIRD PARTIES
2022 Total Revenue of $428MM
5
$14
$47
$40
$74
$23
$230
■ Brown Goods
■White Goods Inustrial Alcohol Fuel Grade Alcohol Distillers Feed Warehouse Services
Historical Gross Profit and Margin (%)
$126
$114
32.4%
29.5%
$76
$71
$64
24.2%
22.7%
21.9%
2018
2019
2020
2021
2022
MGP
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Products consist of the following:
Brown Goods: Premium bourbon, rye and other whiskeys
sold as aged whiskey or unaged new distillate, which is
then aged by customers from two to four years on average
White Goods: Primarily grain neutral spirits (“GNS"),
including vodka and gin
Industrial Alcohol: Used as an ingredient in foods,
personal care products, cleaning solutions,
pharmaceuticals, and other products
Fuel Grade Alcohol: Sold primarily for blending with
gasoline to increase the octane and oxygen levels
Distillers Feed and Related Co-Products ("Distillers
Feed"): Primarily dried mash and corn oil sold to
processors of animal feeds
Warehouse Services: Services related primarily to
customer storage of Brown Goods product for aging
Diversified customer base supporting over 750 new distillate
and aged customers
Compete on product innovation, product characteristics,
functionality, price, service, and quality factors, like flavor
Note: All figures in millions. Amounts may not foot due to rounding. Distilling Solutions segment results are
exclusive of Branded Spirits segment resultsView entire presentation