Third Quarter 2021 Conference Call Exhibit 99.2

Safe Harbor Statement This presentation contains “forward-looking” statements that are subject to risks and uncertainties that could cause the actual results of Darling Ingredients Inc. (the “Company”) to differ materially from those expressed or implied in the statements. Statements that are not statements of historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “estimate,” “project,” “planned,” “contemplate,” “potential,” “possible,” “proposed,” “intend,” “believe,” “anticipate,” “expect,” “may,” “will,” “would,” “should,” “could” “combined adjusted EBITDA guidance” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy and other future conditions. The Company cautions readers that any such forward-looking statements it makes are not guarantees of future performance and that actual results may differ materially from anticipated results or expectations expressed in its forward-looking statements as a result of a variety of factors, including many that are beyond the Company’s control. These factors include, among others, existing and unknown 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 indebtedness or other purposes; global demands for bio-fuels and grain and oilseed commodities, which have exhibited volatility, and can impact the cost of feed for cattle, hogs and poultry, thus affecting available rendering feedstock and selling prices for the Company’s products; reductions in raw material volumes available to the Company due to weak margins in the meat production industry as a result of higher feed costs, reduced consumer demand or other factors, reduced volume from food service establishments, or otherwise; reduced demand for animal feed; reduced finished product prices, including a decline in fat and used cooking oil finished product prices; changes to worldwide government policies relating to renewable fuels and greenhouse gas(“GHG”) emissions that adversely affect programs like the U.S. government’s renewable fuel standard, low carbon fuel standards (“LCFS”) and tax credits for biofuels both in the United States and abroad; possible product recall resulting from developments relating to the discovery of unauthorized adulterations to food or food additives; the occurrence of 2009 H1N1 flu (initially known as “Swine Flu”), Highly pathogenic strains of avian influenza (collectively known as “Bird Flu”), severe acute respiratory syndrome (“SARS”), bovine spongiform encephalopathy (or "BSE"), porcine epidemic diarrhea ("PED") or other diseases associated with animal origin in the United States or elsewhere, such as the outbreak of African Swine Fever (“ASF”) in China and elsewhere; the occurrence of pandemics, epidemics or disease outbreaks, such as the current COVID-19 outbreak; unanticipated costs and/or reductions in raw material volumes related to the Company’s compliance with the existing or unforeseen new U.S. or foreign (including, without limitation, China) regulations (including new or modified animal feed, Bird Flu, SARS, PED, BSE, ASF or similar or unanticipated regulations) affecting the industries in which the Company operates or its value added products; risks associated with the DGD Joint Venture, including possible unanticipated operating disruptions and issues relating to the announced expansion projects; risks and uncertainties relating to international sales and operations, including imposition of tariffs, quotas, trade barriers and other trade protections imposed by foreign countries; difficulties or a significant disruption in our information systems or failure to implement new systems and software successfully, risks relating to possible third party claims of intellectual property infringement; increased contributions to the Company’s pension and benefit plans, including multiemployer and employer-sponsored defined benefit pension plans as required by legislation, regulation or other applicable U.S. or foreign law or resulting from a U.S. mass withdrawal event; bad debt write-offs; loss of or failure to obtain necessary permits and registrations; continued or escalated conflict in the Middle East, North Korea, Ukraine or elsewhere; uncertainty regarding the exit of the U.K. from the European Union; and/or unfavorable export or import markets. These factors, coupled with volatile prices for natural gas and diesel fuel, climate conditions, currency exchange fluctuations, general performance of the U.S. and global economies, disturbances in world financial, credit, commodities and stock markets, and any decline in consumer confidence and discretionary spending, including the inability of consumers and companies to obtain credit due to lack of liquidity in the financial markets, among others, could cause actual results to vary materially from the forward looking statements included in this release or negatively impact the Company's results of operations. Among other things, future profitability may be affected by the Company’s ability to grow its business, which faces competition from companies that may have substantially greater resources than the Company. The Company’s announced share repurchase program may be suspended or discontinued at any time and purchases of shares under the program are subject to market conditions and other factors, which are likely to change from time to time. Other risks and uncertainties regarding Darling Ingredients Inc., its business and the industries in which it operates are referenced from time to time in the Company’s filings with the Securities and Exchange Commission. Darling Ingredients Inc. is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Page 2 | Third Quarter 2021 Financial Results | 11.10.2021

Summary Highlights Third Quarter 2021 Business Update • Strong third quarter global ingredients EBITDA of $229.6 million • Q3 2021 combined adjusted EBITDA totaled $289.6 million • DGD reported $1.95 EBITDA/gallon, generating $60.0 million EBITDA – Darling’s share • Maintaining 2021 combined adjusted EBITDA guidance of approximately $1.275 billion • Opportunistically repurchased approx. $22 million of common stock in the third quarter • DGD I off-line for approximately 17 days due to Hurricane Ida • DGD II renewable diesel expansion project at Norco, LA ramping up to operating capacity • DGD III – Port Arthur remains on-budget and on-time to startup in first half of 2023 Page 3 | Third Quarter 2021 Financial Results | 11.10.2021

Financial Highlights Financials (in millions, except per share) Q3-2021 Q3-2020 % Variance YTD 2021 YTD 2020 % Variance Net sales $1,185.9 $850.6 39.4% $3,431.3 $2,552.1 34.5% Gross margin 326.3 212.2 53.8% 920.8 634.5 45.1% Gross margin % 27.5% 24.9% 10.4% 26.8% 24.9% 7.6% Net income $146.8 $101.1 45.2% $495.2 $252.1 96.4% EPS diluted $0.88 $0.61 44.3% $2.96 $1.51 96.0% $146 $177 $222 $230 $775 $68 $108 $132 $60 $368 $0 $150 $300 $450 $600 $750 $900 $1,050 $1,200 Global Ingredients DGD $214.5 $285.0 $353.7 (In millions) Trailing 4 Quarters Combined adjusted EBITDA $289.6 $1,142.7 Q4-20 Q1-21 Q2-21 Q3-21 T4Q (1) Leverage ratio calculated per bank covenant 17.0% 19.0% 21.0% 23.0% 25.0% 27.0% 29.0% Darling Ingredients Quarterly Gross Margin % Gross Margin % (excluding DGD) Balance Sheet (in millions, except ratio data) As of 10/02/2021 As of 01/02/2021 Cash (including restricted) $67.4 $81.7 Revolver availability $912.6 $893.9 Net working capital $335.2 $257.5 Total debt $1,380.9 $1,508.1 Leverage ratio (1) 1.60x 1.90x Page 4 | Third Quarter 2021 Financial Results | 11.10.2021

Financial Highlights Financials (in millions) Q3-2021 Q3-2020 % Variance YTD 2021 YTD 2020 % Variance Segment EBITDA Feed $161.2 $72.3 123.0% $446.2 $227.7 96.0% Food 46.2 41.7 10.8% 145.5 117.4 24.0% Fuel 95.6 117.1 (18.4)% 378.5 322.9 17.2% Corporate (13.4) (12.6) (6.4%) (42.2) (40.9) (3.2%) Total Combined adjusted EBITDA $289.6 $218.5 32.5% $928.1 $627.0 48.0% Feed 46% Food 15% Fuel 39% YTD 2021 % of Total EBITDA by Segment (before corporate) Page 5 | Third Quarter 2021 Financial Results | 11.10.2021 Avg Price Avg Price 3rd Quarter 2nd Quarter 2021 2021 Chg % Chg Jacobsen Index: MBM (Ill inois) $ 385.53 $ 408.63 $ (23.10) -5.7% Feed Grade PM (Mid-South) 337.15$ 339.31$ (2.15)$ -0.6% Pet Food PM (Mid-South) $ 680.77 $ 823.18 $ (142.41) -17.3% Feathermeal (Mid-South) 482.79$ 465.50$ 17.29$ 3.7% BFT (Chicago) $ 66.75 $ 56.60 $ 10.15 17.9% YG (Il l inois) 44.70$ 42.47$ 2.23$ 5.3% Corn (Il l inois) $ 6.20 $ 6.84 $ (0.64) -9.4% Thomson Reuters: Palm Oil (CIF Rotterdam) Ton $ 1,213.00 $ 1,168.00 $ 45.00 3.9% Soy meal (CIF Rotterdam) Ton 469.00$ 473.00$ (4.00)$ -0.8% 20.00% 23.00% 26.00% 29.00% FY 2018 FY 2019 FY 2020 YTD Q3-21 QTR Q3-21 Darling Gross Margin Trends GM%

Feed Segment Key Drivers: • Higher protein and animal fat prices drove the overall feed segment sales up 59.3% quarter over quarter on slightly higher raw materials processed. Gross margin increased $94.5 million or 77.8% quarter over quarter led by higher commodity prices across all products sold • Fat prices (BFT & YG) are up for 2021 compared to a year ago. BFT average price is 129.9% higher than 2020 and YG was up 129.5% in Q3 2021 compared to the prior year. Protein pricing (MBM) was also higher for Q3 2021 by 81.1% compared to 2020 Page 6 | Third Quarter 2021 Financial Results | 11.10.2021 US$ (in millions) 3Q 2021 3Q2020 YTD 2021 YTD 2020 Net Sa les 769,626$ 483,025$ 2,193,002$ 1,499,340$ Cost of sa les and operating expenses 553,662 361,576 1,584,667 1,117,931 Gross Margin 215,964$ 121,449$ 608,335$ 381,409$ Loss/(ga in) on sa le of assets (229) 167 (490) 293 Sel l ing, genera l and adminis trative expenses 54,997 49,028 162,594 153,459 Depreciation and amortization 53,824 53,764 162,404 159,968 Segment operating income 107,372$ 18,490$ 283,827$ 67,689$ Equity in net income of other unconsol idated subs idiaries 1,647$ 906$ 4,199$ 2,467$ Segment Income 109,019$ 19,396$ 288,026$ 70,156$ Segment EBITDA 161,196$ 72,254$ 446,231$ 227,657$ Raw material processed (mmts) 2.22 2.18 6.65 6.58 Fats Proteins Other Rendering Total Rendering Used Cooking Oil Bakery Other Total Net Sales Three Months Ended September 26, 2020 153.5$ 190.7$ 39.0$ 383.2$ 45.7$ 44.4$ 9.7$ 483.0$ Changes: Increase/(decrease) in sales volumes (7.5) 5.0 - (2.5) (0.7) (0.2) - (3.4) Increase in finished product prices 159.7 60.3 - 220.0 24.4 36.4 - 280.8 Increase due to currency exchange rates 2.2 2.0 0.2 4.4 0.5 - - 4.9 Other change 4.5 4.5 (0.2) 4.3 Total Change: 154.4 67.3 4.7 226.4 24.2 36.2 (0.2) 286.6 Net Sales Three Months Ended October 2, 2021 307.9$ 258.0$ 43.7$ 609.6$ 69.9$ 80.6$ 9.5$ 769.6$ Feed Segment Sales Change in Net Sales - 2020 to 2021 Three Months Ended

Food Segment • Net sales for the food segment grew $20.0 million or 6.9% in Q3 2021 compared to the prior year, driven by higher collagen volume sales and higher edible fat prices. • Segment income improved $10.1 million or was 48.1% higher driven primarily by higher sales. Slightly higher SG&A expense was more than offset by lower depreciation and amortization expenses in the quarter. Key Drivers: 76% 14% 10% YTD 2021 % of Sales Breakdown Collagen Edible fats Other products $100 $120 $140 $160 $180 $200 Food Segment Trailing 4Q adjusted EBITDA Trailing 4 Q's Page 7 | Third Quarter 2021 Financial Results | 11.10.2021 US$ (in millions) 3Q 2021 3Q2020 YTD 2021 YTD 2020 Net Sa les 311,856$ 291,842$ 926,952$ 841,070$ Cost of sa les and operating expenses 241,308 226,745 706,260 652,334 Gross Margin 70,548$ 65,097$ 220,692$ 188,736$ (Gain)/Loss on sa le of assets (8) 16 (1) (30) Sel l ing, genera l and adminis trative expenses 24,417 23,366 75,150 71,406 Depreciation and amortization 14,933 20,648 45,666 60,925 Segment operating income 31,206$ 21,067$ 99,877$ 56,435$ Equity in net income of other unconsol idated subs idiaries -$ -$ -$ -$ Segment Income 31,206$ 21,067$ 99,877$ 56,435$ Segment EBITDA 46,139$ 41,715$ 145,543$ 117,360$ Raw material processed (mmts) 0.3 0.3 0.8 0.8

Fuel Segment (Includes Diamond Green Diesel JV consolidated EBITDA) Key Drivers: • Q3-2021 Combined adjusted EBITDA of $95.6 million, with DGD earning $1.95 per gallon on 61.7 million gallons sold • DGD – Norco, LA expansion is running at its operating capacity, ahead of the original plan. The Norco facility now has the capacity to produce up to 750 million gallons of renewable diesel production and add approximately 30 million gallons of renewable naphtha annually. • DGD Port Arthur continues to be on time and on budget. This new 470-million-gallon facility is now expected to be operational in the first half of 2023. (1) Includes Fuel Segment EBITDA and Darling's share of DGD EBITDA. • Excludes feed stock (raw material) processed at the DGD joint venture. (2) Quarterly average prices source is The Jacobson $0.15 $0.20 $0.25 $0.30 $0.35 $0.40 $0.45 $0.50 $0.30 $0.80 $1.30 $1.80 Quarterly Avg. Prices D4 RINS & Yellow Grease2 D4 RIN Qtrly Avg YG Avg Qtrly Price Page 8 | Third Quarter 2021 Financial Results | 11.10.2021 US$ (in millions) 3Q 2021 3Q2020 YTD 2021 YTD 2020 Net Sa les 104,434$ 75,702$ 311,347$ 211,674$ Cost of sa les and operating expenses 64,634 50,047 219,534 147,358 Gross Margin 39,800$ 25,655$ 91,813$ 64,316$ Loss on sa le of assets (264) (61) (302) (53) Sel l ing, genera l and adminis trative expenses 4,481 5,038 13,822 10,645 Restructuring and asset impairment charges - - 778 - Depreciation and amortization 6,361 8,633 19,214 24,705 Equity in net income of Diamond Green Diesel 53,951 91,099 281,964 252,411 Segment operating income 83,173$ 103,144$ 340,265$ 281,430$ Equity in net income of other unconsol idated subs idiaries -$ -$ -$ -$ Segment Income 83,173$ 103,144$ 340,265$ 281,430$ Segment EBITDA 35,583$ 20,678$ 78,293$ 53,724$ DGD adjusted EBITDA (Darl ing's Share) 60,026$ 96,435$ 300,227$ 269,177$ Segment EBITDA (1) 95,609$ 117,113$ 378,520$ 322,901$ Raw material processed (mmts) * 0.3 0.3 0.9 1.0 Diamond Green Diesel US$ and gallons (in millions) 3Q 2021 3Q2020 YTD 2021 YTD 2020 EBITDA (Enti ty) - in quarter recorded w/no BTC 58.4$ 112.9$ 377.0$ 307.2$ EBITDA (Enti ty) - BTC adjusted to when earned 120.1$ 192.9$ 600.5$ 538.4$ Pro forma Adjusted EBITDA (Darl ing's share) 60.0$ 96.4$ 300.2$ 269.2$ Tota l ga l lons produced 65.6 77.3 223.5 228.8 Total ga l lons sold/shipped 61.7 80.0 223.7 231.2 EBITDA per gallon sold $1.95 $2.41 $2.68 $2.33

October 2021 Port Arthur, TX 470-million-gallon facility Page 9 | Third Quarter 2021 Financial Results | 11.10.2021

Appendix Additional Information

California LCFS & RIN value history Source: The Jacobson and StoneX Page 11 | Third Quarter 2021 Financial Results | 11.10.2021 0 50 100 150 200 250 Monthly Average LCFS Carbon Credit Price (USD/MT)

Feed Segment - Historical (1) Does not include Unconsolidated Subsidiaries EBITDAPage 12 | Third Quarter 2021 Financial Results | 11.10.2021 US$ (in millions) Q1-2020 Q2-2020 Q3-2020 Q4-2020 Total 2020 Q1-2021 Q2-2021 Q3-2021 Net Sales 512.6$ 503.7$ 483.0$ 572.8$ 2,072.1$ 651.4$ 771.9$ 769.6$ Gross Margin 124.2 135.8 121.4 146.2 527.6 176.9 215.5 216.0 Gross Margin % 24.2% 27.0% 25.1% 25.5% 25.5% 27.1% 27.9% 28.1% Loss/(gain) on sale of assets 0.1 0.1 0.2 (0.3) - (0.1) (0.1) (0.2) SG&A 53.9 50.5 49.0 56.3 209.7 52.6 55.0 55.0 SG&A Margin % 10.5% 10.0% 10.2% 9.8% 10.1% 8.1% 7.1% 7.1% Operating Income 16.7 32.5 18.5 28.9 96.6 69.8 106.7 107.4 Adj. EBITDA (1) 70.2$ 85.2$ 72.3$ 90.2$ 317.8$ 124.4$ 160.7$ 161.2$ Adj. EBITDA Margin % 13.7% 16.9% 15.0% 15.7% 15.3% 19.1% 20.8% 20.9% Raw Material Processed (mmts) 2.24 2.15 2.18 2.37 8.95 2.23 2.19 2.22

Historical Pricing Jacobson, Wall Street Journal and Thomson Reuters Page 13 | Third Quarter 2021 Financial Results | 11.10.2021 2021 Total Year Avg. Jacobsen Prices January February March Q1Avg. April May June Q2 Avg. July August September Q3 Avg. October November December Q4 Avg. Avg. BFT - Chicago Renderer / cwt $39.74 $44.68 $51.98 $45.47 $54.10 $55.30 $59.73 $56.60 $62.48 $67.25 $69.50 $66.41 YG - IL / cwt $29.01 $34.36 $39.02 $34.13 $39.80 $43.03 $44.20 $42.47 $44.28 $46.81 $42.50 $44.53 Choice White Grease - IL / cwt $36.21 $39.37 $50.43 $42.00 $51.05 $52.03 $57.23 $53.43 $60.60 $64.50 $55.56 $60.22 Poultry Fat - Southeast / cwt $39.87 $43.13 $47.70 $43.57 $50.95 $53.73 $56.00 $53.56 $56.50 $57.86 $58.00 $57.45 Poultry Grease - Mid South / cwt $39.71 $43.74 $48.04 $43.83 $51.14 $53.00 $55.05 $53.06 $56.14 $57.74 $56.86 $56.91 Distiller's Corn Oil - IL / cwt $39.92 $43.50 $51.25 $44.89 $49.13 $51.49 $55.42 $52.01 $59.85 $64.10 $53.87 $59.27 Corn - Decatur, IL / bushel $5.04 $5.35 $5.65 $5.35 $6.24 $6.84 $6.98 $6.84 $6.69 $6.52 $5.35 $6.19 MBM - IL / ton $355.5 $380.5 $418.3 $384.77 $402.9 $400.0 $421.0 $408.63 $411.70 $389.55 $355.95 $385.73 MBM - CA / ton $294.7 $346.1 $365.0 $335.26 $351.4 $350.0 $372.8 $358.09 $382.50 $376.60 $372.15 $377.08 Pork Meal - IA IL / ton $363.9 $397.4 $413.0 $391.45 $388.8 $417.5 $452.5 $419.60 $452.50 $401.70 $373.33 $409.18 Feed Grade PM - Carolina / ton $369.5 $427.1 $450.0 $415.53 $445.2 $412.0 $395.0 $417.41 $395.00 $352.05 $336.90 $361.32 Feed Grade PM - Mid South / ton $326.6 $386.6 $359.8 $357.65 $342.4 $339.0 $337.5 $339.31 $337.50 $337.50 $337.14 $337.38 Pet Food PM - SE / ton $877.0 $831.7 $818.5 $842.39 $809.5 $860.0 $806.3 $825.26 $746.43 $670.45 $634.52 $683.80 Pet Food PM - Mid South / ton $877.0 $845.4 $818.5 $846.95 $809.5 $867.5 $796.9 $823.18 $745.36 $672.50 $634.52 $684.13 Feather meal - AL GA / ton $463.7 $477.6 $512.5 $484.61 $470.5 $470.0 $480.9 $473.80 $501.19 $504.55 $475.24 $493.66 Feather meal - Mid South / ton $512.1 $563.2 $541.3 $538.87 $468.3 $460.3 $470.9 $465.50 $486.43 $492.95 $469.76 $483.05 Blood Meal - Ruminant MO River / ton $939.5 $1,047.4 $1,082.6 $1,023.2 $1,035.1 $971.3 $966.9 $991.1 $970.95 $981.48 $980.36 $977.60 D4 RINs (B21) $1.03 $1.10 $1.38 $1.17 $1.46 $1.88 $1.77 $1.71 $1.66 $1.72 $1.44 $1.60 Comparison Q2-2021 Q3-2021 % Q3-2020 Q3-2021 % FY 2020 FY 2021 % Q1Avg. Q2 Avg. Q3 Avg. Q4 Avg. Avg. Avg. Change Avg. Avg. Change Avg. Avg. Change BFT - Chicago Renderer / cwt $45.47 $56.60 $66.41 $56.60 $66.41 17.33% $29.04 $66.41 128.68% $31.48 $0.00 -100.00% YG - IL / cwt $34.13 $42.47 $44.53 $42.47 $44.53 4.85% $19.48 $44.53 128.59% $21.95 $0.00 -100.00% Choice White Grease - IL / cwt $42.00 $53.43 $60.22 $53.43 $60.22 12.70% $24.92 $60.22 141.66% $31.48 $0.00 -100.00% Poultry Grease - SE / cwt $43.57 $53.56 $57.45 $53.56 $57.45 7.27% $27.32 $57.45 110.33% $29.43 $0.00 -100.00% Poultry Grease - Mid South / cwt $43.83 $53.06 $56.91 $53.06 $56.91 7.25% $23.12 $56.91 146.21% $29.88 $0.00 -100.00% Distiller's Corn Oil - IL / cwt $44.89 $52.01 $59.27 $52.01 $59.27 13.96% $24.82 $59.27 138.84% $28.82 $0.00 -100.00% Corn - Decatur, IL / bushel $5.35 $6.84 $6.19 $6.84 $6.19 -9.57% $3.55 $6.19 74.24% $3.75 $0.00 -100.00% MBM - IL / ton $384.77 $408.63 $385.73 $408.63 $385.73 -5.60% $212.91 $385.73 81.17% $261.43 $0.00 -100.00% MBM - CA / ton $335.26 $358.09 $377.08 $358.09 $377.08 5.30% $190.87 $377.08 97.56% $211.77 $0.00 -100.00% Pork Meal - IA IL / ton $391.45 $419.60 $409.18 $419.60 $409.18 -2.48% $212.46 $409.18 92.59% $257.79 $0.00 -100.00% Feed Grade PM - Carolina / ton $415.53 $417.41 $361.32 $417.41 $361.32 -13.44% $245.00 $361.32 47.48% $267.70 $0.00 -100.00% Feed Grade PM - Mid South / ton $357.65 $339.31 $337.38 $339.31 $337.38 -0.57% $226.07 $337.38 49.24% $251.13 $0.00 -100.00% Pet Food PM - SE / ton $842.39 $825.26 $683.80 $825.26 $683.80 -17.14% $553.61 $683.80 23.52% $607.65 $0.00 -100.00% Pet Food PM - Mid South / ton $846.95 $823.18 $684.13 $823.18 $684.13 -16.89% $581.80 $684.13 17.59% $633.61 $0.00 -100.00% Feathermeal - AL GA / ton $484.61 $473.80 $493.66 $473.80 $493.66 4.19% $254.88 $493.66 93.68% $289.51 $0.00 -100.00% Feathermeal - Mid South / ton $538.87 $465.50 $483.05 $465.50 $483.05 3.77% $267.91 $483.05 80.30% $314.20 $0.00 -100.00% Blood Meal - Ruminant MO River / ton $1,023.2 $991.10 $977.60 $991.10 $977.60 -1.36% $541.66 $977.60 80.48% $771.37 $0.00 -100.00% D4 Rins $1.17 $1.71 $1.60 $1.71 $1.60 -6.33% $0.67 $1.60 138.95% $0.64 $0.00 -100.00% 2021

Food Segment - Historical Page 14 | Third Quarter 2021 Financial Results | 11.10.2021 US$ (in millions) Q1-2020 Q2-2020 Q3-2020 Q4-2020 Total 2020 Q1-2021 Q2-2021 Q3-2021 Net Sales 270.3$ 278.9$ 291.8$ 344.6$ 1,185.7$ 298.1$ 317.0$ 311.9$ Gross Margin 64.9 58.8 65.1 76.3 265.0 71.7 78.5 70.5 Gross Margin % 24.0% 21.1% 22.3% 22.1% 22.4% 24.0% 24.8% 22.6% Loss/(gain) on sale of assets - - 0.0 0.5 0.5 0.1 (0.0) (0.0) SG&A 25.5 22.6 23.4 26.0 97.4 25.2 25.5 24.4 SG&A Margin % 9.4% 8.1% 8.0% 7.5% 8.2% 8.5% 8.1% 7.8% Operating Income 19.1 16.3 21.1 26.9 83.4 31.5 37.1 31.2 Adj. EBITDA (1) 39.4$ 36.3$ 41.7$ 49.8$ 167.1$ 46.4$ 53.0$ 46.1$ Adj. EBITDA Margin % 14.6% 13.0% 14.3% 14.4% 14.1% 15.6% 16.7% 14.8% Raw Material Processed (mmts) 0.3 0.3 0.3 0.3 1.1 0.3 0.3 0.3

Fuel Segment - Historical (1) Includes Fuel Segment EBITDA and Darling's share of DGD EBITDA. * Excludes feed stock (raw material) processed at the DGD joint venture. Page 15 | Third Quarter 2021 Financial Results | 11.10.2021 Diamond Green Diesel (50% Joint Venture) US$ and gallons (in millions) Q1-2020 Q2-2020 Q3-2020 Q4-2020 Total 2020 Q1-2021 Q2-2021 Q3-2021 EBITDA (Entity) - in quarter recorded w/no BTC 127.3$ 66.0$ 112.9$ 79.5$ 385.7$ 137.4$ 180.0$ 58.4$ EBITDA (Entity) - BTC adjusted to when earned 207.3$ 138.2$ 192.9$ 136.3$ 674.7$ 216.4$ 264.0$ 120.1$ Pro forma Adjusted EBITDA (Darling's share) 103.6$ 69.1$ 96.4$ 68.2$ 337.3$ 108.2$ 132.0$ 60.0$ Total gallons produced 77.0 74.5 77.3 60.5 289.3 78.6 79.2 65.6 Total gallons sold/shipped 78.9 72.3 80.0 56.8 288.0 78.0 84.0 61.7 EBITDA per gallon sold/shipped 2.63$ 1.91$ 2.41$ 2.40$ 2.34$ 2.77$ 3.14$ 1.95$ US$ (in millions) Q1-2020 Q2-2020 Q3-2020 Q4-2020 Total 2020 Q1-2021 Q2-2021 Q3-2021 Net Sales 69.9$ 66.0$ 75.7$ 102.4$ 314.1$ 97.2$ 109.7$ 104.4$ Gross Margin 16.9 21.8 25.7 26.2 90.5 25.4 26.6 39.8 Gross Margin % 24.2% 32.9% 33.9% 25.6% 28.8% 26.1% 24.2% 38.1% Loss/(gain) on sale of assets - (0.0) (0.1) (0.0) (0.1) 0.0 (0.1) (0.3) SG&A 1.6 4.0 5.0 5.4 16.0 4.9 4.5 4.5 Restructuring and asset impairment charges - - - 38.2 38.2 0.8 - - Depreciation and amortization 8.1 8.0 8.6 9.5 34.2 6.2 6.7 6.4 Equity in net income of DGD 97.8 63.5 91.1 62.7 315.1 102.2 125.8 54.0 Segment Income 105.0 73.3 103.1 35.9 317.3 115.8 141.3 83.2 Segment EBITDA 15.3 17.8 20.7 20.8 74.6 20.5 22.2 35.6 DGD adjusted EBITDA (Darling's Share) 103.6 69.1 96.4 68.2 337.3 108.2 132.0 60.0 Combined Adj. EBITDA (1) 118.9$ 86.9$ 117.1$ 89.0$ 411.9$ 128.7$ 154.2$ 95.6$ Raw Material Processed*(mmts) 0.3 0.3 0.3 0.4 1.3 0.3 0.3 0.3

Non-U.S. GAAP Measures Adjusted EBITDA is not a recognized accounting measurement under GAAP; it should not be considered as an alternative to net income, as a measure of operating results, or as an alternative to cash flow as a measure of liquidity and is not intended to be a presentation in accordance with GAAP. Adjusted EBITDA is presented here not as an alternative to net income, but rather as a measure of the Company’s operating performance. Since EBITDA (generally, net income plus interest expenses, taxes, depreciation and amortization) is not calculated identically by all companies, this presentation may not be comparable to EBITDA or Adjusted EBITDA presentations disclosed by other companies. Adjusted EBITDA is calculated in this presentation and represents, for any relevant period, net income/(loss) plus depreciation and amortization, goodwill and long-lived asset impairment, interest expense, (income)/loss from discontinued operations, net of tax, income tax provision, other income/(expense) and equity in net loss of unconsolidated subsidiary. Management believes that Adjusted EBITDA is useful in evaluating the Company’s operating performance compared to that of other companies in its industry because the calculation of Adjusted EBITDA generally eliminates the effects of financing, income taxes and certain non-cash and other items that may vary for different companies for reasons unrelated to overall operating performance. As a result, the Company’s management uses Adjusted EBITDA as a measure to evaluate performance and for other discretionary purposes. In addition to the foregoing, management also uses or will use Adjusted EBITDA to measure compliance with certain financial covenants under the Company’s Senior Secured Credit Facilities and 5.25% Notes and 3.625% Notes that were outstanding at October 2, 2021. However, the amounts shown in this presentation for Adjusted EBITDA differ from the amounts calculated under similarly titled definitions in the Company’s Senior Secured Credit Facilities and 5.25% Notes and 3.625% Notes, as those definitions permit further adjustments to reflect certain other non-recurring costs, non-cash charges and cash dividends from the DGD Joint Venture. Additionally, the Company evaluates the impact of foreign exchange impact on operating cash flow, which is defined as segment operating income (loss) plus depreciation and amortization. Page 16 | Third Quarter 2021 Financial Results | 11.10.2021

Adjusted EBITDA Page 17 | Third Quarter 2021 Financial Results | 11.10.2021 Adjusted EBITDA October 2, September 26, October 2, September 26, (U.S. dollars in thousands) 2021 2020 2021 2020 Net income attributable to Darl ing 146,812$ 101,125$ 495,160$ 252,074$ Depreciation and amortization 77,826 85,730 235,582 253,711 Interest expense 15,409 18,793 47,105 55,803 Income tax expense 42,637 4,812 126,324 43,058 Restructuring and asset impairment charges - - 778 - Foreign currency loss 205 1,239 1,299 709 Other expense, net 853 1,912 3,210 5,278 Equity in net income of Diamond Green Diesel (53,951) (91,099) (281,964) (252,411) Equity in net income of other unconsol idated subs idiaries (1,647) (906) (4,199) (2,467) Net income attributable to noncontrol l ing interests 1,394 480 4,533 2,117 Adjusted EBITDA (Non-GAAP) 229,538$ 122,086$ 627,828$ 357,872$ Foreign currency exchange impact (2,249) (1) - (21,791) (2) - Pro forma Adjusted EBITDA to Foreign Currency (Non-GAAP) 227,289$ 122,086$ 606,037$ 357,872$ DGD Joint Venture Adjusted EBITDA (Darl ing's Share) 60,026$ 96,435$ 300,227$ 269,177$ Darl ing plus Darl ing's share of DGD Joint Venture Adjusted EBITDA 289,564$ 218,521$ 928,055$ 627,049$ Nine Months Ended Three Months Ended (1) The average rate assumption used in this calculation was the actual fiscal average rate for the three months ended October 2, 2021 of €1.00:USD$1.18 and CAD$1.00:USD$0.79, as compared to the average rate for the three months ended September 26, 2020 of €1.00:USD$1.17 and CAD$1.00:USD$0.75, respectively. (2) The average rate assumption used in this calculation was the actual fiscal average rate for the nine months ended October 2, 2021 of €1.00:USD$1.20 and CAD$1.00:USD$0.80, as compared to the average rate for the nine months ended September 26, 2020 of €1.00:USD$1.12 and CAD$1.00:USD$0.74, respectively.

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