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Brief slide summary of Asta Ltd., Tualatin, Oregon.
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Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Asta Ltd. A Northwest Food Biotechnology Company
“Providing Protein and Nutrients for Life…”™
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Our Mission:
Develop and adopt innovative technologies and cost-effective processes to transform underutilized or non-marketable raw materials into high-value nutrients for use all along the human food chain.
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
• Asta owns a patented, proprietary “continuous enzymatic hydrolysis” process
• Transforms a vast stream of underutilized fish and other sources of materials into a high valued Pasteurized Protein Powder (PPP)
• Other products omega-3 oil, calcium phosphate, chondroitin
• Allows us to sell into five multibillion dollar markets
• Gives us exceptional revenue and profit potential
• Ready to begin commercial operations
Corporate Overview
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
The Opportunity
• Proteins are essential molecules – woven into the fabric of life
• World pop increasing @ 75 million per year
• By 2030, 1.13 B people will have joined the middle class
• 233 MMT more of animal protein & 466 MMT more of milk will be required by 2050
• Doubling of global food demand by 2050
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
The Root Problem
• While population is increasing, the global supply of traditional protein is largely tapped out
• Asta helps solve the problem by making new sources of high-quality, high-value protein available for future generations
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Asta’s Strengths • Our protein product is unique, has a high value, and
is desirable for many different markets • Provides complete animal protein • High bioavailability & high feed conversion rates • Stable, long shelf life
• The production process is highly efficient • Low COGS • Other value added products produced simultaneously
from the same material and process
• We can utilize a wide variety of sustainable raw materials
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Raw Material Sources • Abundant, under-utilized marine species
• “Fish in the Round” • Huge biomasses available
• Over 860,000 MTs available in the NE Pacific alone
• Can be harvested responsibly and sustainably
• Residuals from seafood processing • 100 MMT globally • Alaska has over 1 million MT (887K MT unused)
• Terrestrial animal residuals
Readily available
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Asta
Human Nutrition
$51B*
Aquaculture Feed $35B
Companion Pet Nutrition
$58.6B
Organic Fertilizer
$1.5B
Animal Feed $15.1B
Our Markets
Over $145B
*Including protein and
nutraceutical products
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Aquaculture
• $35 billion fish feed market • 50% of all fish consumed globally is now farmed
• Fish meal the historical feed of choice • 6 million tons uses globally each year
• Production has leveled, and its cost is rising
• Feed trials have shown that PPP is substantially better than fish meal for growing salmon
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Companion Pet Food Market
• $58.6 billion in 2011 -> $74.8 billion in 2017
• CAGR of 4.2% - 2011 to 2017)
• 2012 America spent $20.64B for pet food
• Europe • the second largest consumer of pet foods
• expected to grow at a CAGR of 4.4% from 2011 to 2017
• Transparency Market Research “Pet Food Market – Global Industry Size, Market Share, Trends, Analysis and
Forecast, 2011 - 2017,” http://www.prweb.com/releases/2013/7/prweb10901035.htm
• American Pet Products Association: Food total is based on PFI research consultant Davenport Co, BCC, Inc plus Packaged Facts U.S. Pet Market Outlook 2011-2012, and IBISWorld 2012 Pet Food Analysis, Dillon Media February, 2012 trends report and Fountain Agricounsel 2011 - 2012 Situation Analysis Report, BCC 2011 Report on Pet Care Products and Services
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
US Animal Feed Market
• $32 Billion market
• 3.7% annual growth rate
• Cattle, chicken and hogs all require substantial amounts of protein
• Feed costs are rising as a result
IBISWorld: Farm Animal Feed Production in the US: Market Research Report, Dec 2012
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
U.S. Operating Cost Shares for Livestock and Poultry Production Activities
Feed cost comprises 50-80% of cash operating expenses of producers
Product Feed Cost Other Cost Total Cost
Milk 76.9% 23.1% 100%
Cow/ Calf 69.5% 30.5% 100%
Hogs: Alll 55.4% 44.6% 100%
Hogs: Farrow to Finish 84.1% 14.9% 100%
Hogs: Feeder to Finish 53.5% 47.5% 100%
Poultry 70% 30% 100%
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Direct Human Nutrition
• $10 billion global opportunity • Applications include food ingredients, nutritional supplements,
clinical nutrition, food aid and more
• PPP compares favorably with whey, soy isolates/concentrates, and other key protein sources
• Omega-3 oils and components of bone or cartilage can also be concentrated and refined for direct human use
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Market Fit Human
$51B
Aquaculture
$35B
Pet Nutrition
$59B
Animal Feed
$15.4B
Organic Fertilizer
$1.5B
PPP ✔ ✔ ✔ ✔ ✔ Fish
Meal X ✔ ✔ ✔ X
Soy
Iso/Conc ✔ X X X X
Whey
Iso/Conc ✔ X X X X
Asta’s PPP Is
Unusually
Versatile
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Co-Products of PPP Production
• Omega -3 Oil • Packaged products: $34.7 billion in 2016,
CAGR of 6.4% from 2011
• Fish Oil is expected to grow to $1.7B by 2018 a CAGR of 4.2%
• Bone Meal (Calcium Phosphate)
• Chondroitin
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Intellectual Property • Patents
• 1 Patent Issued • 6 Additional Patents To Be Filed After Funding
• Trade Secrets - • Covers the Continuous Enzymatic Hydrolysis Process • Drying: Liquid Hydrolysate -> Powder • Corporate Leaders/Advisors Possess 100+ Years of
Experience
• Trademark • “Providing Protein and Nutrients for Life…”™
Asta’s IP Estate
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Financials Projected Income Statement
2014 2015 2016 2017 2018
Revenue $0 $6.4 $25.3 $51.9 $102.6
GM$ ($.92) $3.7 $14.8 $34.0 $70.4
Op Ex $2.8 $7.4 $11.1 $18.3 $24.4
EBITDA ($2.9) ($3.7) $3.6 $15.7 $46.0
Taxes $0 $0 $1.2 $5.4 $15.6
Net Inc ($2.9) ($3.7) $2.4 $10.5 $30.4
$ M
illio
ns
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
• Dennis B. Hurt – President & CEO
• Jeffrey L. Robins – COO
• Douglas Perednia, MD – VP, Business Development and Nutrition Applications
• Roger W. Law – CTO Board of Advisors
• Jerry K Babbitt, PhD., ret. Director of NMFS Research Labs., Kodiak, Alaska
• Dr. Roy Chapin, PhD., Animal Nutrition, Cornell, USAID
Over 60 years of senior
management experience in life
science & high tech
35 years of P&L responsibility
The Asta Team
Executive Leadership
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Market Approach – Short Term
• Launch PPP as Asta’s flagship product
• Position as a unique new type of protein
• Sell as an ingredient • Target a wide range of products
• Minimizes distribution costs
• Sell Omega-3 oil and bone meal in bulk
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Market Approach – Mid-Term
• Sell both as an OEM and under Asta’s own brand name
• Modify PPP production process to fit specific client applications
• Expand the brand -> new uses, new customers
• Sell in wider range of products • Increase revenue • Higher gross margins • ...but higher distribution cost
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Market Approach – Long Term
• Fulfill our mission of producing new, sustainable sources of protein and nutrients
• Goal: to become a global leader in supplying protein and other nutrients for use all along the human food chain
Corporate Presentation
Asta Ltd.. CONFIDENTIAL
Asta Ltd.
Thank You!
Asta Ltd. “ Providing Protein and Nutrients for
Life…”™
Contact Dennis Hurt [email protected]