Investor presentation web norwegian drytech oct2012 ozj

We are a cleantech start-up company that have a product that is unique. In simple words we make food out of offcuts and waste. Our technology is not limited to just food industry. Among other industries our technology is currently working with wastewater, organic waste, cruise ships and marine raw materials. We need a partner that has knowledge and capital to lift this into a world scale company.

NORWEGIAN DRYTECH

www.norwegiandrytech.com

We produce meal made from king crab and fishmeal made from whitefish. It is Norwegian king crab which lives out in the cold and clean Barents sea in the most northern part of Norway. Being at the closest point to the raw material ensures the freshness and taste of the end product. We use the best equipment and follow the strictest regulations to provide you with luxury king crab meal. We are the only one in the world who can produce this product. We have a simple business idea: only the best raw material can make the best product.

STARTING POINT – THE BARENTS SEA


Marine bi-products have a potential value of several billion! Total amount of bi-products reaches 800 000 tons per year - about 25% of all fish caught and farmed in Norway. Around 615 000 tons is used, mostly for feed, fish meal, silage, frozen, while the rest is dumped into the sea. The current value of these resources is between 1.5 to 2 billion NOK in Norway alone. This value can be multiplied by increasing production towards human food and food ingredients, health food, cosmetics and special food. Norwegian Drytech has the knowledge and technology to process marine bi-products into high value premium products. Source: www.rubin.no

TWO BILLION (NOK) DUMPED INTO THE SEA


Problem Solutions

Traditional fish meal Fish meal for the future

Fish meal LT 65 Industry standard

Fish meal NDT 65 Plus New industry standard

•  Low temperature •  Burned products •  Distinct smell •  Impure product •  Oxidations/rancidifications •  Plant size •  Too large capacities •  Use of fossil fuel •  Low to none recycling of energy

•  Optimum temperature •  Better consistence than the LT65 •  Smells like fish cakes - Good light color •  No mesurable bacteria or fungus in

contrast to LT65 = longer shelf life •  Higher food safety •  Designed for human consumption •  Preserves natural freshness •  Recycling of 96-98% of energy used in

drying •  Lower energy consumption •  Clean technology and eco-friendly

COMPETITION

There is no competition on the king crab meal. Norwegian Drytech uses a unique, tested and well-developed process and production technology of king crab meal and fish meal.


PROBLEM / SOLUTIONS

Refined Omega 3 oil

FM/FO Plant

Fish meal

Crude fish oil

Omega 3 Refiner

Raw material

Stored for time: oxidation, autolytic deterioration

NDT Plant 1

Raw material

Pure Omega 3 oil

Fish protein

Marine calcium

NDT product mix

Upcoming products:

Value adding products – human grade

Fresh from processing facility

< 24 hrs.

Proprietary process based on human

food grade quality

Norwegian Drytech process – the new standard

Conventional fish meal / fish oil production

2 – 6 months

Standard cooking process based on feed quality

Commodity products feed grade

Human grade

Traceable source


BUSINESS MODEL

NDT Plant

SHS-Dryer

King crab, whitefish, farmed salmon, prawns, shrimp shell powder, shell, kelp, etc.

Raw materials – offcuts

Pure Omega 3 oil

Fish protein

Marine calcium

NDT product mix

Unique technology Super heated steam Food grade quality

World wide market

Distributors Selected customers

Cash flow

Owners / Shareholders

New plants R & D

Plant 2 Norway NDT JV

Plant 3 Iceland NDT JV

Plant 4 X NDT JV

Plant 5 X NDT JV

Upcoming products:

Flexible plant facilities Clean technology


Seafood ingredients Raw materials Key products For use in

•  King crab •  Saithe •  Blue whiting •  Salmon •  Mollusks •  Shrimp •  Lobster, etc.

•  King crab powder •  Salmon powder •  Shellfish powder •  Marine liquids & pastes •  100% natural ingredients

•  Soups •  Sauces •  Ready meals •  Seasonings

Pet Nutrition Raw materials Key products For use in

•  Off cuts from fish

•  Fish meal NDT 65 Plus •  Pet food

Animal Nutrition Raw materials Key products For use in

•  Off cuts from fish

•  Fish meal NDT 65 Plus •  Animal food

SEGMENTS


NDT Q700 Super Heated Steam Dryer Benefits NDT Q700 Dryer vs. old process •  Fully automated plant •  Only two employees needed to operate the plant •  Capacity 5000 MT of raw material •  Flexibility with different raw material •  Excellent energy efficiency •  Produces the cleanest high quality products with unique

patent pending technology •  Can easily increase the capacity with one or several NDT Q700 modules

UNIQUE CUTTING EDGE TECHNOLOGY


Production of fish meal, seafood ingredients, health & nutritional products from

king crab and fish

NDT Plant 1 - Båtsfjord

Potential location for NDT JV plant 2,3,4,5,6,7,8

State-of-the-art production line with key access to raw materials from the Barents Sea • Full flexibility regarding raw materials • Production of granules and powders • Complete system for mixing and blending High quality Components NDTQ700 • All components food approved - Stainless steel - Food grade composite materials - Food grade polymer materials

NDT FIRST PLANT IN BÅTSFJORD, NORWAY


Partner 49%

NDT 51%

NDT Joint Venture

1

23

1

2

Partner will finance the factory building, and recieve rent for the building

NDT JV willl finance operating equipment for the factory and rent the building from partner

NDT JV will pay royalty fee to Norwegian Drytech for technology and marketing

•  Similar set-up as Plant 1 Båtsfjord •  5000 tons production capacity •  Sales, marketing and R&D by NDT •  NDT Lofoten will lease the building from JV partner •  NDT Lofoten will invest in the

equipment •  The operation of the plant and production will be done by the operating company «NDT Lofoten»

NDT Plant 2 Lofoten Partnership model

STRATEGY FOR FAST GROWTH

3

NDT

Distributors Distributors Distributors

Selected customers

•  Close cooperation with distributors •  Direct sales to selected customers.

DISTRIBUTION STRATEGY

Selected customers

Selected customers

Customers/markets


THE TEAM

Mr. Carl Fredrik Harjo (born 1978) Sales Director and Senior Partner Mr. Harjo has long experience from the fisheries in Norway. He has earlier worked in the fishing industry with sale, marketing and leadership. Mr. Harjo is a Member of the Board of Directors in the company and a Norwegian citizen.

Mr. Geir Nordahl (born 1955) Technical Director and Senior Partner Mr. Nordahl has long experience from the seafood industry. Mr. Nordahl is a worldwide troubleshooter and has trackrecord from large company as Aker, Akzo Nobel, Celebrity Cruises, EWOS, Firmenich, Hydro and PetroChina Company plus many other companies. Mr. Nordahls background is Technical College of Engineering plus Mechanical engineer of Oslo and Akershus University. Mr. Nordahl has also long experience prototypes, consultancy, rotating machinery, automation and more. Mr. Nordahl is a Member of the Board of Directors in the company and a Norwegian citizen.

Mr. Ottar Zahl Jonassen (born 1968) CEO and Senior Partner Has previous experience from management consulting firm at Caphuman. Mr. Ottar Zahl Jonassen has also long experience from large companies as TOLLPOST GLOBE, DHL, SAS Norway & Continor Logistics. Mr. Zahl Jonassen is a Member of the Board of Directors in the company and a Norwegian citizen.


We need a partner that has knowledge and capital to lift

Norwegian Drytech into a world scale company!

TIMELINE AND STATUS

Q4 2012 Q1 2013 Q2 2013 Q3 2013 2014 2009 -2012

Testing and R&D process.

Investor Presentations Investment in Norwegian Drytech

Set up NDT Plant 1

Start up NDT Plant 1 test facilities

Full production NDT Plant 1

Full production NDT Plant 1 R&D new products


CONTACT US

We are seeking partners that can invest knowledge and capital, and see possibilities for our common goals and future. Please contact us for further information and a presentation of Norwegian Drytech and the values we and our company represent Mr. CARL FREDRIK HARJO Sales Director / Senior Partner Phone Norway: +47 909 62 249 Phone Germany: +49 176 98 223 280 [email protected] [email protected] www.norwegiandrytech.com


Technology

Investor presentation web norwegian drytech oct2012 ozj