Andersons : March 2025 Investor Presentation
ANDE
INVESTOR
PRESENTATION
March 2025
TABLE OF CONTENTS
COMPANY AND FINANCIAL OVERVIEW
4
TRADE
17
RENEWABLES
21
NUTRIENT & INDUSTRIAL
24
APPENDIX
29
3
THE ANDERSONS AT A GLANCE
FOUNDED
LISTED (NASDAQ)
MARKET CAP
EMPLOYEES
LOCATIONS
REVENUE1
ADJUSTED EBITDA1,2
1947
1996, ANDE
~$1.5B
~2,300
~180
$11.3B
$363M
The Andersons is integral to the ag supply chain, helping our customers not only grow and market
their crops but also transport the resulting products to end markets such as food, feed, and fuel.
OUR VISION:
To be the most nimble North American Ag Supply Chain Company
1 All data is twelve months ended December 31, 2024. 2 Non-GAAP financial measure; see appendix for reconciliations.
4
THE ANDERSONS AT A GLANCE
TRADE
AGRIBUSINESS
RENEWABLES
NUTRIENT & INDUSTRIAL
~130 Facilities
~50 Facilities
4 Facilities
100+ Commodities Merchandised
~20 Farm Centers
1.1M Tons of Feed Products Produced
33M Tonnes Traded
1.9M Tons Sold
1.6B Pounds of Veg Oils Merchandised
~290M Bushel Grain Storage Capacity
30+ U.S. Patents
506M Gallons of Ethanol Produced
Note: Volumes are as of December 31, 2024 and facility counts are as of March 1, 2025. The Andersons realigned to two business segments beginning on January 1, 2025.
5
INVESTMENT THESIS
While we are firmly rooted in the U.S. ag supply chain, we are actively extending our presence to emerging trends and international markets. The strength of our balance sheet, sustainable cash flows, tight strategic focus of our business, and our ability to execute quickly on opportunities positions The Andersons well to participate in these growing markets.
6
EXPERIENCED LEADERSHIP TEAM
BILL KRUEGER
BRIAN VALENTINE
WESTON HEIDE
MARK SIMMONS
CHRISTINE CASTELLANO
SARAH ZIBBEL
President and Chief
Executive Vice President
Executive Vice President,
Executive Vice President,
Executive Vice President,
Executive Vice President
Executive Officer
and Chief Financial Officer
Agribusiness
Renewables
General Counsel and Corporate
and Chief Human
Former: CEO of Lansing
Former: CFO of Lubrizol
Joined: 2019
Joined: 2019
Secretary
Resources Officer
Trade Group
Joined: 2018
Former: GC of Ingredion
Former: SVP and CHRO of
Joined: 2019
Joined: 2020
Libbey
Joined: 2023
BROAD INDUSTRY EXPERIENCE
Executive team with deep industry expertise Top-grade talent with diverse skills and backgrounds Focus on succession and developing strong talent pipeline
7
NORTH AMERICAN AG SUPPLY CHAIN
CONNECTING PRODUCTION TO DEMAND ACROSS TIME AND
GEOGRAPHY IN THE FOOD, FEED, AND FUEL SUPPLY CHAINS
Serving Critical Links Across the North
SERVING CRITICAL LINKS ACROSS THE
NORTH AMERICAN AG SUPPLY CHAIN
8
BROAD GEOGRAPHIC FOOTPRINT IN GRAIN AND FERTILIZER BUSINESSES
FACILITIES LOCATED ACROSS THE NORTH AMERICAN AG SUPPLY CHAIN
CONNECTING PRODUCTION TO DEMAND ACROSS TIME AND
GEOGRAPHY IN THE FOOD, FEED, AND FUEL SUPPLY CHAINS
WELL-POSITIONED IN
KEY GEOGRAPHIES
Primary facilities strategically located near producers in key productive agricultural areas
Scale and regional strength in specialty markets
Ample opportunity to expand in current and new markets
Skyland acquisition provides complimentary geographic footprint in the west
UPDATED February 2025
9
FINANCIAL PERFORMANCE OVERVIEW ($ In Millions)
Gross Profit
$745
$694
Adjusted EBITDA2
Adjusted Pretax Income Attributable to The
Cash from Operations before
Andersons, Inc.2
Working Capital Changes2
$684
$593
$366
2020¹
2021¹
2022¹
2023
2024
$412
$405
$353
$363
$170
2020¹
2021¹
2022¹
2023
2024
$184
$159
$147
$127
$5
2020¹
2021¹
2022¹
2023
2024
$322
$315
$330
$323
$201
2020
2021¹
2022¹
2023
2024
HIGHLIGHTS
Excellent results driven by growth and solid execution in dynamic markets
Consistent and strong operating cash flows in changing markets
1 From continuing operations. 2 Non-GAAP financial measure; see appendix for reconciliations.
10
Disclaimer
The Andersons Inc. published this content on March 10, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 10, 2025 at 17:13:10.325.