SLIDE 1
Renewable Food
For Animals and Plants™
2013 Ag Innovation Showcase
.....the future of world food supply
Outline
Our Business Commercial Status Expansion Plans & Finance
www.enterrafeed.com
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Renewable Food For Animals and Plants 2013 Ag Innovation Showcase - - PowerPoint PPT Presentation
Renewable Food For Animals and Plants 2013 Ag Innovation Showcase - - PowerPoint PPT Presentation
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
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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
www.enterrafeed.com
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Global nutrient shortage from over-fishing, loss of
arable land and shortage of fresh water – we must find substitutes for resource-intensive nutrient sources
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Business Summary Enterra recovers lost nutrients from pre-consumer food waste
and creates feed ingredients and fertilizer for healthy food: Feed Oils Natural Fertilizer Feed Meal
www.enterrafeed.com
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Local, sustainable, stable supply and pricing Pre-consumer food waste accepted from grocery
stores, markets, food distributors, food processors, and other traceable sources
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Patent Pending Bioconversion Process
Bioconversion unit
Natural Fertilizer eggs Hatchery
www.enterrafeed.com
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Larvae Food Waste
Feed Oils Feed Meal
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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
www.enterrafeed.com
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- Patent filed – concentrated natural fertilizer production
including plant nutrition and potential pest control
- No IP impediment to commercialization plan
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Comparison to Competition
- www.enterrafeed.com
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» Direct conversion of nutrients to nutrients » No liquid waste or gas emissions (permits) » Minimize CO2 and no methane » Simple construction and small footprint » Not dependent on tipping fees
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Business Model
» Build, own, operate for first two or three plants as build, own, operate » Central hatchery in Vancouver » Evaluate licensing technology for process
www.enterrafeed.com
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» Evaluate licensing technology for process royalty and supplying larvae eggs for fees
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Commercialization Plan
2009 2012 2013 2014 2015
Pilot operations 1 tpd plant 1st Plant 150 tpd Demonstration plant
www.enterrafeed.com
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1st Plant 150 tpd Ramp to 1,000 tpd Enter US market
R & D R & D Commercial Commercial Growth Growth
Licensing
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6,000 ft2 Modular Demonstration Plant
www.enterrafeed.com
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Expansion to 150 tpd – Vancouver
www.enterrafeed.com
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Expansion Capital Cost to 150 tpd
Cost Category $ CDN Plant equipment 4,853,000 Construction directs 2,071,000 Construction indirects 647,000 2013 Total Investment Costs $7.6 M
www.enterrafeed.com
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Working capital 450,000 G&A 919,000 Contingency (15%) 1,136,000 Total 10, 076,000
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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
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Expansion Financing – $10 million
$ 7.5 million financing
Equity and/or project debt UOP: Complete expansion to 100+ tpd plant
www.enterrafeed.com
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$1.5 M Canadian institutional investors $1 M Canadian Gov’t funding
$5 M in new financing
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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.
www.enterrafeed.com
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» 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
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Experienced Directors & Advisors
» Dr. David Suzuki, environmentalist & broadcaster » Dr. Brad Hicks, veterinarian » Wade Nesmith*, lawyer & corporate director » Jim Fletcher*, MBA, finance & growth strategy
www.enterrafeed.com
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» 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
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Summary
Solving 2 global environmental problems
Food waste diversion and nutrient demand
Game changing, patent pending technology Large addressable market
www.enterrafeed.com
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Large addressable market Demonstration plant operating successfully Require $7.5 million for expansion to profitability Strategic partner to accelerate growth
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