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Darling Ingredients Inc. — Presentation (company IR deck)
Darling Ingredients Inc. (DAR) · 28 slides · Filed Oct 28, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All DAR deck slides
Slide 1 — FINANCIAL RESULTS
FINANCIAL RESULTS Q3 2026 October 28, 2026
Slide 2 — ƚŽ ƚŚĞ /ŽŵƉĂŶLJ͛
ÇŚŝƐ ƉƌĞƐĞŶƚĂƚŝŽŶ ŝŶĐůƵĚĞƐ ͞ ĨŽƌǁĂƌĚ - ůŽŽŬŝŶŐ͟ ƐƚĂƚĞŵĞŶƚƐ ƚŚĂƚ ĂƌĞ ƐƵďũĞĐƚ ƚŽ ƌŝƐŬƐ ĂŶĚ ƵŶĐĞƌƚĂŝŶƚŝĞƐ ƚŚĂƚ ĐŽƵůĚ ĐĂƵƐĞ lts to difer materialy from those expresed or implied in the statements. Statements that are not statements of historical facts are forward - loking statements and are made pursuant to the safe harbor p rovisions of the Private Securities Litigation Reform Act of 195. Words ƐƵĐŚ ĂƐ ͞ ĞƐƚŝŵĂƚĞ͕͟ ͞ ŐƵŝĚĂŶĐĞ͕͟ ͞ ŽƵƚůŽŽŬ͕͟ ͞ ƉƌŽũĞĐƚ͕͟ ͞ ƉůĂŶŶĞĚ͕͟ ͞ ĐŽŶƚĞŵƉůĂƚĞ͕͟ ͞ ƉŽƚĞŶƚŝĂů͕͟ ͞ ƉŽƐƐ ͞ ďĞůŝĞǀĞ͕͟ ͞ ĂŶƚŝĐŝƉĂƚĞ͕͟ ͞ ĞdžƉĞĐƚ͕͟ ͞ ŵĂLJ͕͟ ͞ similar expresions are intended to identify forward - loking statements. Al statements other than statements of historical fact s included in this presentation are forward - loking statements. Forward - loking statements are based on the Company's curent expectations and asumptions regarding its busines, the economy and ot her future conditions. The Company cautions readers that any such forward - loking statements it makes are not guarantes of future performance and that actual results may difer materialy from anticipated results or expectations expresed in its forward - loking statements as a result of a variety of factors, including many that are beyond the Company's control. LŵƉŽƌƚĂŶƚ ĨĂĐƚŽƌƐ ƚŚĂƚ ĐŽƵůĚ ĐĂƵƐĞ ĂĐƚƵĂů ƌĞƐƵůƚƐ ƚŽ ĚŝĨĨĞƌ ŵĂƚĞƌŝĂůůLJ ĨƌŽŵ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ĞdžƉĞĐƚĂƚ unk nown future limitations on the ability of the Company's direct and indirect subsidiaries to make their cash flow available to the Company for payments on the Company's indebtednes or other pu rpo ses; reduced demands or prices for biofuels, biogases or renewable electricity; global demands for grain and oilsed comodities, which have exhibited volatility, and can impact the cost of fe ed for catle, hogs and poultry, thus afecting available rendering fedstock ĂŶĚ ƐĞůůŝŶŐ ƉƌŝĐĞƐ ĨŽƌ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ƉƌŽĚƵĐƚƐ͖ ƌĞĚƵĐƚŝŽŶƐ ŝŶ ƌĂǁ ŵĂƚĞƌŝĂů ǀŽůƵŵĞƐ ĂǀĂŝůĂďůĞ ƚŽ ƚŚĞ s i n the meat production industry as a result of higher fed costs, reduced consumer demand, reduced volume due to government regulations afecting animal production or other factors, reduced v olu me from fod service establishments, or otherwise; reduced demand for animal fed; reduced finished product prices, including a decline in fat, used coking oil, protein or colagen (i ncl uding, without limitation, colagen peptides and gelatin) finished product ƉƌŝĐĞƐ͖ ĐŚĂŶŐĞƐ ƚŽ ŐŽǀĞƌŶŵĞŶƚ ƉŽůŝĐŝĞƐ ĂƌŽƵŶĚ ƚŚĞ ǁŽƌůĚ ƌĞůĂƚŝŶŐ ƚŽ ƌĞŶĞǁĂďůĞ ĨƵĞůƐ ĂŶĚ ŐƌĞĞŶŚŽƵƐĞ ad versely afect prices, margins or markets (including for the DGD Joint Venture), including programs like renewable fuel standards, low carbon fuel standards, renewable fuel mandates and tax credit s f or biofuels, or los or diminishment of tax credits due to failure to satisfy any eligibility requirements, including, without limitation, in relation to the blenders tax credit or the Clean Fuel s P ƌŽĚƵĐƚŝŽŶ /ƌĞĚŝƚ ;͞ /Ct/͟ Ϳ͖ ĐůŝŵĂƚĞ ƌĞůĂƚĞĚ ƚŽ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ĐůŝŵĂƚĞ ŐŽĂůƐ͕ ƚĂƌŐĞƚƐ Žƌ ĐŽŵŵŝƚŵĞŶƚƐ͖ ƉŽƐƐŝďůĞ ƉƌŽĚƵĐƚ ƌĞĐĂůů ƌĞƐƵůƚŝŶŐ ĨƌŽŵ ĚĞǀ isc overy of unauthorized adulterations to fod or fod aditives or products which do not met specifications, contract requirements or regulatory standards; the ocurence of 209 H1N1 flu (in iti ĂůůLJ ŬŶŽǁŶ ĂƐ ͞ {ǁŝŶĞ CůƵ͟ Ϳ͕ ŚŝŐŚůLJ ƉĂƚŚŽ ;ĐŽůůĞĐƚŝǀĞůLJ ŬŶŽǁŶ ĂƐ ͞ .ŝƌĚ CůƵ͟ Ϳ͕ ƐĞǀĞƌĞ ĂĐƵƚĞ ƌĞƐƉŝƌĂƚŽƌLJ ƐLJŶĚƌŽŵĞ ;͞ {!w{͟ Ϳ͕ ďŽǀŝŶĞ ƐƉŽŶŐŝĨŽƌŵ por ĐŝŶĞ ĞƉŝĚĞŵŝĐ ĚŝĂƌƌŚĞĂ ;͞ t95͟ Ϳ Žƌ ŽƚŚĞƌ origin in the U.S. or elsewhere, such as the outbreak of African Swine Fever in China and elsewhere; the ocurence of pandem ics , epidemics or disease outbreaks; unanticipated costs and/or reductions ŝŶ ƌĂǁ ŵĂƚĞƌŝĂů ǀŽůƵŵĞƐ ƌĞůĂƚĞĚ ƚŽ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ĐŽŵƉůŝĂŶĐĞ ǁŝƚŚ ƚŚĞ ĞdžŝƐƚŝŶŐ Žƌ ƵŶĨŽƌĞƐĞĞŶ ŶĞǁ Ü͘ ith out limitation, China) regulations (including new or modified animal fed, Bird Flu, SARS, PED, BSE or ASF or similar or unanticipated regulations) afecting the industries in which the Company operat es or its value aded products; risks asociated with the DGD Joint Venture, including posible unanticipated operating disruptions and/or a decline in margins on the products produced by the DGD Joint Ven ture; risks and uncertainties relating to international sales and operations, including imposition of tarifs, quotas, trade bariers and other trade protections by the U.S. or foreign countr ies ; tax changes, such as global minimum tax measures, or isues related to administration, guidance and/or regulations asociated with biofuel policies, including CFPC, and risks asociated with the q ual ification and sale of such credits; dificulties or a significant disruption (including, without limitation, due to cyber - ĂƚƚĂĐŬͿ ŝŶ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ŝŶĨŽƌŵĂƚŝŽŶ ƐLJƐƚĞŵƐ͕ ŶĞƚǁŽƌŬƐ Žƌ ƚŚĞ ĐŽŶĨŝĚĞŶƚŝĂůŝƚLJ͕ lability or integrity of our data or failure to implement new systems and software sucesfuly; risks relating to posible third - party claims of intelectual property infringement; increased contributi ŽŶƐ ƚŽ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ƉĞŶƐŝŽŶ ĂŶĚ ďĞŶĞĨŝƚ Ɖ employer - sponsored defined benefit pension plans as required by legislation, regulation or other aplicable U.S. or foreign law or resulting from a U.S. mas withdrawal event; bad debt write - ofs; los of or failure to obtain necesary permits and registrations; the potential for future terorist atacks, responses to terorist at acks and other acts of war or hostility, including the ongoing conflicts in the Midle East, Africa, North Korea and Ukraine; uncertainty regarding any administration changes in the U.S. or elsewhere aroun d t he world, including, without limitation, impacts to trade, tarifs and/or policies impacting the Company (such as biofuel policies and mandates); and/or unfavorable export or import markets. These fa cto rs, coupled with volatile prices for natural gas and diesel fuel, inflation rates, climate conditions, curency exchange fluctuations, general performance of the U.S. and global economies, di stu rbances in world financial, credit, comodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain c red it due to lack of liquidity in the financial markets, among others, could cause actual results to vary materialy from the forward - loking statements included in this presentation or negatively impact t ŚĞ /ŽŵƉĂŶLJ͛ Ɛ ƌĞƐƵůƚƐ ŽĨ ŽƉĞƌĂƚŝŽŶƐ͘ !ŵŽŶ ƉƌŽĨŝƚĂďŝůŝƚLJ ŵĂLJ ďĞ ĂĨĨĞĐƚĞĚ ďLJ ƚŚĞ /ŽŵƉĂŶLJ͛ Ɛ ĂďŝůŝƚLJ ƚŽ ŐƌŽǁ ŝƚƐ ďƵƐŝŶĞƐƐ͕ ǁŚŝĐŚ ĨĂĐĞƐ ĐŽŵƉĞƚŝƚŝ hav Ğ ƐƵďƐƚĂŶƚŝĂůůLJ ŐƌĞĂƚĞƌ ƌĞƐŽƵƌĐĞƐ ƚŚĂŶ anounced share repurchase program may be suspended or discontinued at any time and purchases of shares under the program are su