Mgp Ingredients, Inc. · NASDAQ:MGPI
Mgp Ingredients — Q3 2026 Earnings Presentation
16 slides from Mgp Ingredients's earnings presentation, Oct 28, 2026
Slide 1: Investor Presentation Third Quarter 2026
INVESTOR PRESENTATION Third Quarter 2026 October 28, 2026
Slide 2: Forward looking statements and non-GAAP disclaimer
Forward looking statements and non-GAAP disclaimer This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation statements regarding the ability of MGP Ingredients, Inc. (the “Company” or “MGP”) to d
Slide 3: Highlights | third quarter 2026
Highlights | third quarter 2026 Adjusted EBITDA and EPS ahead of expectations Consolidated Sales of $117.9M Adjusted EBITDA of $21.5M Adjusted EPS of $0.39 Branded Spirits Distilling Solutions Ingredient Solutions • Sales of $58.2M • Sales of $29.0M • Sales of $30.8M • Premium plus sales down 1% • R
Slide 4: Branded Spirits | third quarter 2026 results
Branded Spirits | third quarter 2026 results Improvement in select mid- and value-priced brands Third Quarter Reported 2026 2025 Change US$M Branded Spirits Sales $58.2 $60.7 (4)% Premium Plus $31.9 $32.1 (1)% Mid/Value $23.3 $23.0 1% Other $3.1 $5.6 (46)% Gross Profit $29.2 $32.2 (9)% Gross Margin
Slide 5: Distilling Solutions | third quarter 2026 results
Distilling Solutions | third quarter 2026 results Maintained healthy gross margin in oversupplied market Third Quarter Reported 2026 2025 Change US$M Distilling Solutions Sales $29.0 $40.9 (29)% Brown Goods $15.0 $28.5 (47)% Warehouse Services $8.3 $8.1 3% White Goods $5.7 $4.3 32% and Other Co-Prod
Slide 6: Ingredient Solutions | third quarter 2026 results
Ingredient Solutions | third quarter 2026 results Increased sales of specialty wheat proteins, including textured proteins Third Quarter Reported 2026 2025 Change US$M Ingredient Solutions Sales $30.8 $29.3 5% Specialty Wheat Starches $14.9 $17.0 (12)% Specialty Wheat Proteins $10.3 $8.9 15% All Oth
Slide 7: Third quarter 2026 consolidated results
Third quarter 2026 consolidated results Continued to focus on controllables and executing strategic roadmap; third quarter operating cash flow of $32 million Third Quarter Reported 2026 2025 Change US$M Consolidated Sales $117.9 $130.9 (10)% Branded Spirits $58.2 $60.7 (4)% Distilling Solutions $29.
Slide 8: Third quarter 2026 adjusted basic and diluted EPS
Third quarter 2026 Adjusted basic and diluted EPS $0.85 ($0.39) ($0.06) ($0.01) $0.39 3Q'25 Operations (1) Interest Expense (1) Other Income (expense) (1) 3Q'26 (1) Items are net of tax based on the adjusted effective tax rate for the base year (2025), excluding the impacts of non-GAAP items. 8 Note
Slide 9: Operating cash flow
Operating cash flow Continued focus on working capital management, including lower whiskey putaway $92,449 ($25,800) $4,007 ($20,205) ($2,572) ($8,039) $39,840 YTD 9/30/25 Decrease in Adjusted Change in Increase in Net Decrease in Other Working YTD 9/30/26 (1) EBITDA Receivables, Net Barrelled Whisk
Slide 10: Full year 2026 financial guidance
Full year 2026 financial guidance Reaffirming guidance Full Year 2026 Guidance Sales $480M to $500M Adjusted EBITDA $90M to $98M Adjusted basic EPS $1.50 to $1.80 Effective tax rate ~23% Basic weighted shares outstanding ~21.4M CAPEX ~$20M Note: As of 10.28.26. 10
Slide 11: Key takeaways | third quarter 2026
Key takeaways | third quarter 2026 Following strategic roadmap designed to drive results across all three businesses Looking ahead | encouraged by progress Branded Spirits - Strategy remains grounded focus, execution, - Continuing to focus on winning in premium plus category discipline and accountab
Slide 12: Appendix
MGP APPENDIX
Slide 13: Change in Basic and Diluted EPS
Change in Basic and Diluted EPS EPS Change Third quarter 2025 $0.71 Operating income (1) ($0.32) (45)% Interest expense, net (1) ($0.06) (9)% Other income, net (1) ($0.01) (1)% Third quarter 2026 $0.32 (55)% (1) Items are net of tax based on the effective tax rate for the base year (2025). 13
Slide 14: Reconciliation of selected GAAP to non-GAAP measures
Reconciliation of selected GAAP to non-GAAP measures Third quarter 2026 Operating Basic and Third quarter 2025 Operating Basic and Net Income Net Income in thousands, ex. per share data Income Diluted EPS in thousands, ex. per share data Income Diluted EPS Reported GAAP results $21,016 $15,429 $0.71
Slide 15: Reconciliation of net income to adjusted EBITDA
Reconciliation of selected GAAP to non-GAAP measures Reconciliation of net income to adjusted EBITDA in thousands Third Quarter 2026 Third Quarter 2025 Net income $6,888 $15,429 Interest expense $3,363 $1,739 Income tax expense $2,047 $4,276 Depreciation and amortization $6,418 $6,186 Share based co
Slide 16: Thank You
MGP THANK YOU