Renewable Food For Animals and Plants™ 2013 Ag Innovation Showcase .....the future of world food supply
Outline Our Business Commercial Status Expansion Plans & Finance Expansion Plans & Finance Our Team www.enterrafeed.com 2
Solving Two Global Problems Food Waste Diversion - 30% of the world’s food supply is lost to waste with considerable loss of nutrients. Over 70% of that food waste is pre-consumer Global nutrient shortage from over-fishing, loss of arable land and shortage of fresh water – we must find substitutes for resource-intensive nutrient sources www.enterrafeed.com 3
Business Summary Enterra recovers lost nutrients from pre-consumer food waste and creates feed ingredients and fertilizer for healthy food: Feed Feed Natural Meal Oils Fertilizer Local, sustainable, stable supply and pricing Pre-consumer food waste accepted from grocery stores, markets, food distributors, food processors, and other traceable sources www.enterrafeed.com 4
Patent Pending Bioconversion Process Hatchery Bioconversion Natural eggs unit Fertilizer Feed Meal Feed Oils Larvae Food Waste www.enterrafeed.com 5
Intellectual Property � Patent filed – Black Soldier Fly rearing in artificial environment to process food waste and produce separate feed ingredient products � � Patent filed – concentrated natural fertilizer production Patent filed – concentrated natural fertilizer production including plant nutrition and potential pest control � No IP impediment to commercialization plan www.enterrafeed.com 6
Comparison to Competition ������������������������������������������������������� ���������������������� �������� » Direct conversion of nutrients to nutrients » No liquid waste or gas emissions (permits) » Minimize CO 2 and no methane » Simple construction and small footprint » Not dependent on tipping fees www.enterrafeed.com 7
Business Model » Build, own, operate for first two or three plants as build, own, operate » Central hatchery in Vancouver » » Evaluate licensing technology for process Evaluate licensing technology for process royalty and supplying larvae eggs for fees www.enterrafeed.com 8
Commercialization Plan 2015 2014 2012 2013 2009 � Pilot operations � 1 tpd plant � Demonstration plant � 1 st Plant 150 tpd � 1 st Plant 150 tpd � Ramp to 1,000 tpd � Enter US market � Licensing Commercial Commercial R & D R & D Growth Growth www.enterrafeed.com 9
6,000 ft 2 Modular Demonstration Plant ������������������ ������������� �������������������� ����������������� www.enterrafeed.com 10
Expansion to 150 tpd – Vancouver ��������� � �������������� ������������������� ��������������������� �������������������� ���������� www.enterrafeed.com 11
Expansion Capital Cost to 150 tpd 2013 Total Investment Costs Cost Category $ CDN Plant equipment 4,853,000 Construction directs 2,071,000 $7.6 M Construction indirects 647,000 Working capital 450,000 G&A 919,000 Contingency (15%) 1,136,000 Total 10, 076,000 www.enterrafeed.com 12
Expansion Financing – $10 million $ 2.5 million Preferred A shares - closed $0.95/share - $ 9.5 M “pre-money” valuation Over $ 4 million spent before financing UOP: Working capital and secure new site www.enterrafeed.com 13
Expansion Financing – $10 million $ 7.5 million financing Equity and/or project debt UOP: Complete expansion to 100+ tpd plant $1.5 M Canadian institutional investors $1 M Canadian Gov’t funding $5 M in new financing www.enterrafeed.com 14
Proven Management » Brad Marchant , Director & CEO, B.Sc., M.A.Sc. Coastech Research, Triton Mining Corporation (T:TTM), BioteQ Environmental Technologies (T:BQE) » Andrew Vickerson , Chief Technology Officer, B.Sc., M.Sc. Aquaculture feed specialist and science officer » Reed Radley , Manager Product Development, B.Sc., M.Sc. » Reed Radley , Manager Product Development, B.Sc., M.Sc. Agronomist and product development specialist » Grant Canary , VP Project Development, BA, M.Eng. Early developer of Black Soldier Fly technology, project manager » Neil Schellenberg , Director, Facility Development Founder of Clearbrook Iron Works and Sumas Fish Farms, design, fabrication and construction www.enterrafeed.com 15
Experienced Directors & Advisors » Dr. David Suzuki, environmentalist & broadcaster » Dr. Brad Hicks, veterinarian » Wade Nesmith* , lawyer & corporate director » Jim Fletcher* , MBA, finance & growth strategy » Jim Fletcher* , MBA, finance & growth strategy » Robert Rusko* , CA, former partner at KPMG, valuation » Leo Benne , Bevo Farms Ltd., scaleup & operations » Ryan Cunningham , brand specialist * Independent Directors www.enterrafeed.com 16
Summary � Solving 2 global environmental problems Food waste diversion and nutrient demand � Game changing, patent pending technology � Large addressable market � Large addressable market � Demonstration plant operating successfully � Require $7.5 million for expansion to profitability � Strategic partner to accelerate growth www.enterrafeed.com 17
Renewable Food For Animals and Plants ™ .....the future of world food supply
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