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. 38 THREE MONTHS ENDED March 31, 2018 DEC 31, 2017 SEP 30, 2017 (RECAST) JUN 30, 2017 (RECAST) MAR 31, 2017 (RECAST) PRODUCT SALES 122,799 $156,108 $125,422 $121,673 $119,047 OTHER REVENUE 3,002 4,900 6,801 5,874 3,396 NET REVENUE 125,801 161,008 132,223 127,547 122,443 COST OF GOODS SOLD, EXCLUDING DEPRECIATION AND AMORTIZATION 121,038 122,830 100,897 99,172 96,717 LOSS ON DISPOSAL OF ASSETS — 1,657 1,237 2,005 — DEPRECIATION AND AMORTIZATION 9,304 10,800 9,707 10,039 9,358 TOTAL COST OF GOODS SOLD 130,342 135,287 111,841 111,216 106,075 GROSS MARGIN (4,541) 25,721 20,382 16,331 16,368 GENERAL AND ADMINISTRATIVE EXPENSES 2,840 2,362 3,975 3,864 5,750 IMPAIRMENT OF ASSETS HELD FOR SALE — 827 — — — RELATED-PARTY MSA FEE 3,964 4,408 3,729 3,006 3,013 INCOME FROM OPERATIONS (11,345) 18,124 12,678 9,461 7,605 OTHER INCOME (EXPENSE): INTEREST EXPENSE (8,645) (8,674) (7,653) (7,710) (7,707) RELATED-PARTY INTEREST EXPENSE — — — — — EARLY RETIREMENT OF DEBT OBLIGATION — — — — — OTHER INCOME 655 (1,552) (2) (254) 57 TOTAL OTHER EXPENSE, NET (7,990) (10,226) (7,655) (7,964) (7,650) NET (LOSS) INCOME (19,335) 7,898 5,023 1,497 (45) LESS NET (INCOME) LOSS ATTRIBUTABLE TO NONCONTROLLING PARTNERS’ INTERESTS — (40) 665 1,196 1,319 NET INCOME (LOSS) ATTRIBUTABLE TO ENVIVA PARTNERS, LP — $7,858 $5,688 $2,693 $1,274 LESS: PRE-ACQUISITION INCOME (LOSS) FROM INCEPTION TO DECEMBER 13, 2016 FROM OPERATIONS OF ENVIVA PELLETS SAMPSON DROP-DOWN ALLOCATED TO GENERAL PARTNER $— $— $— $— $— 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) ENVIVA PARTNERS, LP LIMITED PARTNERS’ INTEREST IN NET (LOSS) INCOME (19,335) $7,826 $6,339 $3,862 $2,535 NET (LOSS) INCOME PER LIMITED PARTNER COMMON UNIT: BASIC $(0.78) $0.25 $0.20 $0.12 $0.08 DILUTED $(0.78) $0.24 $0.19 $0.11 $0.07 NET (LOSS) INCOME PER LIMITED PARTNER SUBORDINATED UNIT: BASIC $(0.78) $0.25 $0.20 $0.12 $0.08 DILUTED $(0.78) $0.25 $0.20 $0.12 $0.08 WEIGHTED AVERAGE NUMBER OF LIMITED PARTNER UNITS OUTSTANDING: COMMON – BASIC 14,438 14,417 14,412 14,405 14,380 COMMON – DILUTED 14,438 15,390 15,385 15,359 15,228 SUBORDINATED – BASIC AND DILUTED 11,905 11,905 11,905 11,905 11,905
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