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 low-carbon initiatives.

• Operates six ethanol facilities in the Midwest, controlling about 300 million gallons/year of production.

• Expansion at One Earth Energy aims to increase capacity from 150 to 200 million gallons/year.

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

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

Financial performance and key metrics

• Q3 2025 net sales and revenue reached $175.6 million, with gross profit of $36.1 million.

• Net income attributable per diluted share was $0.71 for Q3 2025.

• Cash, cash equivalents, and short-term investments totaled $335.5 million as of October 31, 2025.

• Working capital stood at $354.2 million, with continued profitability for 21 consecutive quarters.

• Capital spending for the year was $55.7 million, with $33.4 million in stock buybacks.

Ethanol production and operations

• Ethanol sales in Q3 2025 totaled 78.4 million gallons, with an average selling price of $1.731 per gallon.

• Facilities also produce 735,000 tons of distiller grain and 93 million pounds of distillers corn oil annually.

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

• Non-consolidated facilities in WI, IA, and IL contribute 13% of total ethanol ownership.

• All plants are located on major rail lines for efficient distribution.