Basic narrative of slide: Start: To set the stage, let’s talk broadly about the market and market size. Where do many of the goods we use every day come from? A lot of them start with oil. If we look at the products refined from a barrel of petroleum, we see a pretty significant percentage goes for non-fuel uses (top slice). The EIA estimates total global petroleum consumption will be 33.4 billion barrels in 2010, so that top slice is roughly 5.7 billion barrels a year. Where does it go? BUILD 1: A lot of it goes into the roughly 30-50 chemistry bases that make today’s synthetic raw materials. [LIST EXAMPLES]. This is a very big business, about $XXX annually. All of these chemistry bases are competing for that same slice of oil, and while they are undeniably useful and important many of them involve some pretty nasty chemistry. So where do these compounds end up? BUILD 2: They end up everywhere. In automobiles and fabrics and plastic bottles and adhesives and cell phones and TVs and shoes and building materials. We call this “embedded petroleum,” and we see significant opportunity for Segetis technology across many of these applications. BUILD 3: The Segetis technology platform will impact up to a third of these chemistry bases. It’s based on renewable sources. It will have equivalent performance to petroleum-based products. It will be cost-competitive. And we do it without the nasty chemistry.
1. Segetis Transforming the Chemicals Industry with Novel Renewable Materials Jim Stoppert October, 2009 CEO’s Life Science Conference
2. Who is Segetis? <ul><li>Technology– enabled Green Chemistry company meeting industry’s need for innovative materials that deliver new functionality with equal or better economics </li></ul>Novel monomers (L-Ketals) Clean and green chemicals and plastics Multi-Billion $$$ opportunity <ul><li>Markets: </li></ul><ul><li>Construction </li></ul><ul><li>Automotive </li></ul><ul><li>Packaging </li></ul><ul><li>Consumer durables </li></ul><ul><li>Footwear </li></ul>Composition of matter IP Over 100 inventions Multiple markets Located in Golden Valley, MN; > 30 employees
3. The opportunity Petroleum Source: US Energy Information Agency gallons (non-fuel) Embedded petroleum $2 trillion/year Chemistries <ul><li>Ethylene </li></ul><ul><li>Propylene </li></ul><ul><li>Toluene </li></ul><ul><li>Xylenes </li></ul><ul><li>Others </li></ul><ul><li>Renewable feedstocks </li></ul><ul><li>New functionality </li></ul><ul><li>Competitively priced </li></ul><ul><li>Sustainable chemistry </li></ul><ul><li>No compromise on performance </li></ul>
5. Segetis Range of Technology Plasticizers Polyols Solvents Emollients Lubricants Adhesives/Binders Film formers Reactive Oligomers Surfactants Thermosets-PU’s Thermosets-Polyesters/FRP’s Thermoplastic Polymers Thermoplastic Gels Levulinic Ketal esters can be readily extended with alcohols, esters, and amines using standard catalysts and reaction conditions to produce a wide range of biobased ester technologies. Pipeline
6. Proven Leadership <ul><li>Our management team is building a world-class organization and guiding the rapid development of our technology </li></ul>Jim Stoppert - President, CEO, Director Seasoned chemical industry veteran and industrial bioproducts pioneer; launched NatureWorks, Elevance, BiOH Sergey Selifonov - Chief Science Officer, Founder, Director 25+ years in academia and industry; Silicon Valley experience at Maxygen, Founder of Aromagen Olga Selifonova - VP Corporate Development, Founder, Director 25+ years of biotech and agribusiness experience; including Genencor and Cargill Snehal Desai - Business Vice President 20+ years of chemical industry experience; former VP/CMO of NatureWorks Cora Leibig - Director, Product and Application Development 10+ years chemical industry experience; research leader at Dow Chemical Steve Donen - Director, Process Engineering and Development 30 years of chemical industry experience at Dow and NatureWorks; built largest bioplastics plant at NW American Cyanamid
7. Funding, Board and Scientific Advisors (SA) Funding Board SA Founders - Sergey Selifonov Olga Selifonova Seed: Series A: Series B: Samir Kaul , Partner, Khosla Ventures Pat Gruber , CEO, Gevo Jim Stoppert , CEO, Segetis Sergey Selifonov , Founder Olga Selifonova , Co-Founder Khosla Ventures Open (seek $10- 20 MM) Frank Bates , Univ. of Minnesota Doug Cameron , Piper Jaffray Glenn Fredrickson , UC Santa Barbara Marc Hillmyer , Univ. of Minnesota Paul Koch , Penn State University Leo Manzer , former DuPont Robert Pangborn , former Dow Chemical
8. Segetis growth 2006 2007 2008 Jan 2009 The Beginning… New Wet-Lab Multi-Kilo Lab Semi-Works Plant ( >250,000lb/y)