QUARTERLY FINANCIAL INFORMATION ENVIVA PARTNERS, LP AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ thousands, except per unit amounts) See Note 1 of our financial statements, Description of Business and Basis of Presentation, to our 2016 Annual Report on Form 10-K (the “10-K”) and slide 39 for basis of presentation. The quarterly information below has been recast accordingly. 38 THREE MONTHS ENDED SEPTEMBER 30, 2017 JUNE 30, 2017 MARCH 31, 2017 DECEMBER 31, 2016 SEPTEMBER 30, 2016 (RECAST) JUNE 30, 2016 (RECAST) MARCH 31, 2016 (RECAST) PRODUCT SALES $125,422 $121,673 $119,047 $121,220 $103,577 $116,247 $103,445 OTHER REVENUE 6,036 5,275 3,076 5,301 7,217 3,462 3,807 NET REVENUE 131,458 126,948 122,123 126,521 110,794 119,709 107,252 COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION 100,403 97,803 95,215 99,190 80,420 92,983 84,616 LOSS ON DISPOSAL OF ASSETS 1,237 2,005 — 707 1,523 155 1 DEPRECIATION AND AMORTIZATION 8,700 8,953 8,432 7,265 6,434 7,114 6,881 TOTAL COST OF GOODS SOLD 110,340 108,761 103,647 107,162 88,377 100,252 91,498 GROSS MARGIN 21,118 18,187 18,476 19,359 22,417 19,457 15,754 GENERAL AND ADMINISTRATIVE EXPENSES 7,131 6,370 8,325 7,029 8,708 6,368 6,949 IMPAIRMENT OF ASSETS HELD FOR SALE — — — 9,991 — — — INCOME FROM OPERATIONS 13,987 11,817 10,151 2,339 13,709 13,089 8,805 OTHER INCOME (EXPENSE): INTEREST EXPENSE (7,652) (7,705) (7,705) (6,107) (3,314) (3,039) (3,182) RELATED-PARTY INTEREST EXPENSE — — — (17) (51) (301) (209) EARLY RETIREMENT OF DEBT OBLIGATION — — — (4,438) — — — OTHER INCOME (1) (253) 56 165 2 140 132 TOTAL OTHER EXPENSE, NET (7,653) (7,958) (7,649) (10,397) (3,363) (3,200) (3,259) NET INCOME (LOSS) 6,334 3,859 2,502 (8,058) 10,346 9,889 5,546 LESS NET LOSS ATTRIBUTABLE TO NONCONTROLLING PARTNERS’ INTERESTS 5 3 33 187 1,366 1,108 993 NET INCOME (LOSS) ATTRIBUTABLE TO ENVIVA PARTNERS, LP $6,339 $3,862 $2,535 $(7,871) $11,712 $10,997 $6,539 LESS: PRE-ACQUISITION INCOME (LOSS) FROM INCEPTION TO DECEMBER 13, 2016 FROM OPERATIONS OF ENVIVA PELLETS SAMPSON DROP-DOWN ALLOCATED TO GENERAL PARTNER $— $— $— $101 $(1,321) $(1,056) $(955) ENVIVA PARTNERS, LP LIMITED PARTNERS’ INTEREST IN NET INCOME (LOSS) $6,339 $3,862 $2,535 $(7,972) $13,033 $12,053 $7,494 NET INCOME (LOSS) PER LIMITED PARTNER COMMON UNIT: BASIC $0.20 $0.12 $0.08 $(0.34) $0.51 $0.48 $0.30 DILUTED $0.19 $0.11 $0.07 $(0.34) $0.50 $0.47 $0.29 NET INCOME (LOSS) PER LIMITED PARTNER SUBORDINATED UNIT: BASIC $0.20 $0.12 $0.08 $(0.32) $0.51 $0.48 $0.30 DILUTED $0.20 $0.12 $0.08 $(0.32) $0.50 $0.47 $0.29 WEIGHTED AVERAGE NUMBER OF LIMITED PARTNER UNITS OUTSTANDING: COMMON – BASIC 14,412 14,405 14,380 13,372 12,919 12,862 12,852 COMMON – DILUTED 15,385 15,359 15,228 13,372 13,480 13,445 13,337 SUBORDINATED – BASIC AND DILUTED 11,905 11,905 11,905 11,905 11,905 11,905 11,905
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