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 2017 Annual Report on Form 10-K (the “10-K”) and slide 39 for basis of presentation. (RECAST) 38 THREE MONTHS ENDED DEC 31, 2017 SEP 30, 2017 (RECAST) JUN 30, 2017 (RECAST) MAR 31, 2017 (RECAST) DEC 31, 2016 (RECAST) SEP 30, 2016 (RECAST) JUN 30, 2016 (RECAST) MAR 31, 2016 PRODUCT SALES $156,108 $125,422 $121,673 $119,047 $121,220 $103,577 $116,247 $103,445 OTHER REVENUE 4,900 6,801 5,874 3,396 5,301 7,217 3,462 3,807 NET REVENUE 161,008 132,223 127,547 122,443 126,521 110,794 119,709 107,252 COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION 122,830 100,897 99,172 96,717 99,374 80,445 92,983 84,616 LOSS ON DISPOSAL OF ASSETS 1,657 1,237 2,005 — 707 1,523 155 1 DEPRECIATION AND AMORTIZATION 10,800 9,707 10,039 9,358 7,271 6,434 7,114 6,881 TOTAL COST OF GOODS SOLD 135,287 111,841 111,216 106,075 107,352 88,402 100,252 91,498 GROSS MARGIN 25,721 20,382 16,331 16,368 19,169 22,392 19,457 15,754 GENERAL AND ADMINISTRATIVE EXPENSES 2,362 3,975 3,864 5,750 4,736 6,320 3,664 4,175 IMPAIRMENT OF ASSETS HELD FOR SALE 827 — — — 9,991 — — — RELATED-PARTY MSA FEE 4,408 3,729 3,006 3,013 3,687 3,681 3,449 3,386 INCOME FROM OPERATIONS 18,124 12,678 9,461 7,605 755 12,391 12,344 8,193 OTHER INCOME (EXPENSE): INTEREST EXPENSE (8,674) (7,653) (7,710) (7,707) (6,107) (3,314) (3,039) (3,183) RELATED-PARTY INTEREST EXPENSE — — — — (16) (52) (301) (209) EARLY RETIREMENT OF DEBT OBLIGATION — — — — (4,438) — — OTHER INCOME (1,552) (2) (254) 57 164 3 140 132 TOTAL OTHER EXPENSE, NET (10,226) (7,655) (7,964) (7,650) (10,397) (3,363) (3,200) (3,260) NET INCOME (LOSS) 7,898 5,023 1,497 (45) (9,642) 9,028 9,144 4,933 LESS NET LOSS ATTRIBUTABLE TO NONCONTROLLING PARTNERS’ INTERESTS (40) 665 1,196 1,319 986 2,031 1,484 1,303 NET INCOME (LOSS) ATTRIBUTABLE TO ENVIVA PARTNERS, LP $7,858 $5,688 $2,693 $1,274 $(8,656) $11,059 $10,628 6,236 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) LESS: PRE-ACQUISITION INCOME (LOSS) FROM INCEPTION TO DOCTOBER 1, 2017 FROM OPERATIONS OF ENVIVA PORT OF WILMINGTON, LLC DROP-DOWN ALLOCATED TO GENERAL PARTNER 32 (651) (1,169) (1,261) (785) (653) (369) (303) ENVIVA PARTNERS, LP LIMITED PARTNERS’ INTEREST IN NET INCOME (LOSS) $7,826 $6,339 $3,862 $2,535 ($7,972) $13,033 $12,053 $7,494 NET INCOME (LOSS) PER LIMITED PARTNER COMMON UNIT: BASIC $0.25 $0.20 $0.12 $0.08 ($0.34) $0.51 $0.48 $0.30 DILUTED $0.24 $0.19 $0.11 $0.07 ($0.34) $0.50 $0.47 $0.29 NET INCOME (LOSS) PER LIMITED PARTNER SUBORDINATED UNIT: BASIC $0.25 $0.20 $0.12 $0.08 ($0.32) $0.51 $0.48 $0.30 DILUTED $0.25 $0.20 $0.12 $0.08 ($0.32) $0.50 $0.47 $0.29 WEIGHTED AVERAGE NUMBER OF LIMITED PARTNER UNITS OUTSTANDING: COMMON – BASIC 14,417 14,412 14,405 14,380 13,002 12,919 12,862 12,852 COMMON – DILUTED 15,390 15,385 15,359 15,228 13,002 13,480 13,445 13,337 SUBORDINATED – BASIC AND DILUTED 11,905 11,905 11,905 11,905 11,905 11,905 11,905 11,905
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