The Andersons (ANDE) Investor presentation summary

Key messages and strategic direction

• Positioned for profitable long-term growth with expertise in ag products, renewables, and operational excellence.

• Maintains a balanced, diversified portfolio resilient through cycles, rooted in North American ag and renewables supply chains.

• Renewables, especially ethanol, serve as a strong growth engine with ongoing investment opportunities.

• Disciplined capital allocation leverages a strong balance sheet and consistent cash flow to drive shareholder value.

Business overview and competitive advantages

• Operates two integrated segments: Agribusiness (grain, ingredients, fertilizer) and Renewables (ethanol, feedstocks).

• Extensive North American footprint with 180 locations and 2,500 employees.

• Deep relationships and customer service, with a proven leadership team focused on execution.

• Strategic assets connect production to demand across food, feed, and fuel supply chains.

Agribusiness segment performance and strategy

• Trades 33M tonnes of commodities, sells 2M tons of fertilizer, and operates ~270M bushel grain storage.

• TTM 2026 gross profit of $572M, adjusted EBITDA of $204M, and adjusted pretax income of $82M.

• Broad geographic reach and scalable platform across crops and customers.

• Integration with renewables enhances value chain efficiency and margin.

• Five-year average adjusted EBITDA of $216M, with diversified portfolio providing earnings stability.