COMPANY OF THE YEAR Sustainable Energy Founded in Agriculture
Agrisoma: We are a crop company that develops and sells seeds of Brassica carinata a drop-in product for agriculture We have commercialized Resonance Carinata - a sustainable, non-food crop that delivers high quality industrial oil We are scaling the crop through leveraging the current agricultural value chain using well established partners and business models
Agriculture and Renewable Energy: A Growing Biofuels Industry Needs Renewable Oil Agriculture supplies the feedstock for biofuels Biodiesel: 4.5 B gal today, 7 B gal in 2020 Emerging Biojet = 30 B gal of demand (global mandate - no food crop use) Key drivers: sustainability, non-food, low carbon intensity Need to preserve food production capacity and make better use of marginal land Crops that offer rotation options and a good fit within farming are the winners
Agrisoma s Brand An oilseed cousin to Canola Tolerates heat, cold & drought Non-food oil superior cold flow biodiesel, bio-jet High protein meal excellent animal feed Certified sustainable under RSB A drop-in product for farming
Our Business: Selling Resonance Seed Products Seed sold to farmers in 22.5 kg units (50 lb bags) Currently 2 registered commercial varieties (A100, A110) in Canadian and US Label registrations for multiple seed protection products Industry standard inventory production and management system
Resonance Crop Performance Commercial production over 2 years by 70 farmers More than 10,000 acres of production to date Planted, harvested and transported with existing farm equipment Excellent yields in marginal soil zones under extreme environmental stress
High Value Products from Resonance Grain
Our Commercial Value Chain World-Class Scale Seed Farming Elevation Transport Processing Oil & Meal Fuel Manufacturing The Seed: High Commercial Margin Seed Production Business Grower Partnership Farmer Contracting, Elevation, Processing Growing Customer List
Making History: Worlds First 100% Biojet Flight The world's first civilian flight powered by 100% biofuel made from Resonance took off over Canada's capital, with Popular Science showcasing this as the big story for sustainable biofuels http://www.youtube.com/watch?v=uupzxe7jzsu&feature=player_embedded
Critical Milestones Achieved Commercial: From Farming to Fuel Two years of commercial seed sales with marketing and customer support Grain management program in place including sales and delivery of carinata oil and meal Carinata biodiesel in retail pumps with largest biodiesel manufacturer in USA Regulatory: Multiple Regulatory Approvals in Place Regulatory meal approval protein by-product certified for feed use Sustainability certification RSB awarded certification, only one of four crops certified globally, EPA RFS 2 petition pending, AB, BC and CA certifications underway Scaling: Partners and Support for Global Scaling Commercial partnerships for Carinata production - Northern Tier, Australia & Southeastern USA, France, Uruguay
Our Focus: Scaling Across Multiple Target Geographies Canada USA Southeastern USA Canola Pricing Displace Canola makes better biodiesel for Northern USA and EU So. America Certified sustainable biodiesel Europe Displace Soybean opens entire USA and broader global biodiesel market Certified sustainable and higher quality biodiesel Displace Palm opens global markets for renewable diesel and biojet A economic and sustainable replacement for palm oil in global biofuel markets Expansion of Acres in Low-Cost Production Regions (Dryland Agriculture, Second Crop Options) to Drive Economics and Scale Australia
Why Resonance Carinata Works: Familiar, Proven and Backed by an Established Value Chain Familiar: Unlike other new energy crops, Carinata leverages the Canola experience to enable rapid scaling we are the cousin to Canada s most successful recent crop Proven: Over 10,000 acres with 70 growers, oil being used by largest biodiesel manufacturer in the USA, meal sold into beef markets, proven sustainable and low carbon footprint the only crop in this elite class that is the new standard for sustainable biofuel feedstock Backed by Value Chain Investment: using the commitment of established global, commercial partners (Canterra, Paterson) and grower organizations (SMDC / M21) Carinata is a profitable crop of choice for all of the value chain participants
Our Dominant Position in Carinata Our Exclusive IP Position Control world s largest collection of Carinata genetic resources Exclusive commercial license for Resonance varieties and rights from Agriculture and Agri-Food Canada (AAFC Ministry of Agriculture) Proprietary & patented advanced crop improvement technologies Exclusive rights to National Research Council technologies for oilseeds (NRC) Part of Government of Canada s multi-million dollar investment in Carinata: GFI, GFII, SDTC, ADF, IRAP Key and exclusive expansion relationships in place: EU, South America, Australia, USA including USDA, University & State Ag Departments
Experienced Management Team Steven Fabijanski, PhD Patrick Crampton, MBA Andre Levasseur, CPA Michael Lindenbaum, PhD Daryl Males, MSc Mejda Lortie, PhD PRESIDENT & CEO VP Business & Product Development Chief Financial Officer Vice-President Technology Dir Breeding & Agronomy Dir Regulatory & Gov Affairs 20 years senior executive experience in agriculture and biotechnology industry Built and sold a seed company specializing in oilseed technology Strong connections to the ag industry 15 years global marketing and product management for an international seed company Syngenta 25 years experience in finance, management in private and publicly traded companies 15 years R & D, inventor, as well as the scientific and technical leader of Carinata technology applications 20 years experience in product development for a major seed company Viterra Inc 10 years experience in Government Affairs, Previously Government Affairs leader at BIOTECanada, (Lobby organisation for the Plant Biotechnology sector)
Our Differentiating Factors: Avoiding major pitfalls that other companies have experienced 1. We know our crop and pay our farmers our primary customer is the farmer, we make sure they like our product and get fairly compensated on time 2. We know the value chain our model understand the complexities and needs of value chain partners to ensure the business is sustainable and scalable 3. We provide a better and competitive product for end markets carinata biodiesel has better cloud point, has biojet conversion benefits and is competitive with other feedstock choices 4. We are able to rely on current value chain technologies our product needs no new infrastructure or technologies to be successful, it seamlessly integrates into the infrastructure in place 5. We bring experience to bear the team is experienced in agriculture, renewable oils, finance and the seeds business
Investment Highlights A winning product: Carinata is scalable, sustainable and economic Low risk Seed business model: High margins with low Capex and working capital requirements Key global partnerships in place for scaling: Value chain relationships ensure scalability and robust supply chain from seed sales to end users Dominant proprietary position and domain expertise: Leading edge crop and improvement technologies are targeted to the expanding market for advanced agriculture products