REX American Resources (REX) Investor Presentation summary

Company overview and strategy

• Publicly traded since 1984, headquartered in Dayton, OH, with a focus on ethanol production and a low-carbon future.

• Operates six ethanol facilities in the Midwest, controlling approximately 300 million gallons of annual production.

• Expanding One Earth Energy facility from 150 to 200 million gallons per year to boost earnings.

• Developing carbon capture and sequestration (CCS) to reduce ethanol's carbon intensity and leverage tax credits.

• Maintains a strong balance sheet with no bank debt and a history of profitable execution.

Financial performance and position

• Q2 2025 net sales and revenue reached $158.6 million, with gross profit of $14.3 million.

• Net income attributable per diluted share was $0.43 for Q2 2025.

• Cash, cash equivalents, and short-term investments totaled $310.5 million as of July 31, 2025.

• Working capital stood at $353.4 million, with 20 consecutive profitable quarters.

• No bank debt; only debt relates to right-of-use agreements.

Ethanol operations and product mix

• Consolidated facilities in Marion, SD (NuGen Energy, 99.7% owned) and Gibson City, IL (One Earth Energy, 76.1% owned).

• Non-consolidated interests in four additional plants across WI, IA, and IL, contributing 13% of total ethanol ownership.

• Q2 2025 ethanol sales volume was 70.6 million gallons at an average price of $1.75 per gallon.

• Q2 2025 product revenue: 78% ethanol, 13% dry distillers grain, 8% distillers corn oil, 1% modified distillers grains.

• All facilities are on major rail lines, supporting efficient distribution.