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Healthy eating
should be
elementary…
Lets make it so.
Earthly delights made simple
The Concept
Elementree is a portfolio company representing complimentary healthy, plant-based frozen snacks & desserts brands positioned to offer
retailers a solution to the rapidly growing ‘better for you’ and ‘free-from’ foods category.
Elementree has recently acquired the intellectual property rights, customer database and existing distribution infrastructures across Europe
through its acquisition of OkoBay Ventures Limited (OkoBay) and Frozen Fruits Sweden (Pop Fruits).
Both brands offer healthy alternatives to existing products available to consumers with a strict brand ethos and attributes that promise always
being free from dairy, gluten, refined sugars, GMO and soy.
OkoBay and Pop Fruits have been on the European market for 3 years and have grown from independent retail into major retail. Going forward,
Elementree will manage these brands and support their continued growth by engaging a wider sales agent network across Europe that will
offer retailers (independent and major chains), hotels, theme parks, fitness centres, health spas etc a portfolio and ‘branded freezer solution’
that will carry the growing OkoBay and Pop Fruits product range and in turn create a focal ‘point of sale’ in stores that will clearly identify the
values of the products it represents.
Over the next 18 months Elementree plans to acquire another two brands that have an existing distribution infrastructure that can be used to
grow the OkoBay and Pop Fruit estate in new markets while at the same time extending its portfolio with a complimentary range of products
serving a wider demographic of consumer across Europe.
Growth will be supported by strategic partnerships with major manufacturer and distributor Boermarke Desserts NL and distributor VitaSeege
in Finland that will manage production and distribution for all of Europe while Elementree focuses on new product development, sales and
marketing.
The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose
of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.
Market Insights
Research from New Nutrition Business, analysed 151 businesses founded between 2002 and 2013 in the UK, US and Australia, exploring what
makes a ‘healthier’ food start-up fail or succeed. The main finding was that snack and beverage start-ups are most resilient;
snacks enjoyed the highest success rate of 64%, and,
if a ‘free-from’ message was added, this figure rose to 88%.
Market research estimated that sales of products with a gluten-free label have doubled in the past four years.
Rising from €11.5 billion to more than €23 billion world wide!
Beyond organic, sales of free-from and fortified food and beverages are also buoyant; the category was worth €12.4bn in 2015
according to Euromonitor International.
Our Markets
1/3of ALL people arelactose intolerant
£Million
637
365
100
2009 2014 2019
275
450
625
800
551
465
ACTUAL FORECAST
Optimistic
Realistic
Pessimistic
Value sales and Forecast of the EU Free From market 2009-2019
Poland
78%
Sweden
75%
Italy
69%
Spain
68%
Germany
63%
France
63%
Nielsen 2016
Gluten & Wheat Free
€533m in 2016
+ 23% on 2015
Dairy & Lactose Free
€385m in 2016
+ 20.3% on 2015
Below shown % of customers interested
in NON-Dairy Ice Cream 2015.
Almond and Coconut based
Free-From Ice Cream
Nielsen 2016
Market Overview: Ice Cream EU Top Flavours in Dairy Free Ice Cream - Global Launches
New product Launches by by region,
% Launches
Top 5 Claim Categories, % Launches
New product Launches by Sub Category,
% Launches
Growth Predictions
Forecast Growth
Regional Comparison
Global Figure
Food Intolerance the Second Fastest Growing Food Category Globally
2014-19 CAGR
6%
Main Markets
% of Global Forecast
US 36%
Australia 19%
France 9%
Italy 9%
Norway 5%
Russia 3%
Germany 3%
Netherlands 2%
UK 2%
Finland 2%
6,6 - 15%
4,8 - 6,3%
2,8 - 4,3%
0,0 - 2,7%
Not Illustrated
Retail Value RSP, EUR million, Constant 2014, Fixed 2014, Ex. Rates, 2014-19 CAGR
Asia
Australiasia
Eastern Europe
Latin America
Middle East & Africa
North America
Western Europe
Food Intolerance is the second fastest growing food category globally
Our Brands&Products
Made using natural ingredients only.
Coconut water
and coconut milk based.
FLASH FROZEN
to preserve
Nutritional
Values!
REAL PIECES
OF RIPE FRUIT
READY TO EAT
straight out
of the freezer
100%
PURE FRUIT
NOTHING ELSE
Raw ingredients using superfoods
Naturally Sweet!
The Elementree Branded Freezer solution
NB. Freezer design will vary depending on country/culture (concept design)
All products contained will meet the
following criteria.
Elementree Growth Forecast
*Estimated Points of Sale - Including Export: Asia/UAE/USA
Year 2017
*1500 *2500+ *5000+
Year 2018 Year 2019
Manufacturing, Sales&Distribution
Boermarke is the leading, innovative (“private label”)
manufacturer for fresh and frozen dairy, fruit and dessert
products in the Netherlands.
BoermarkeownshightechproductionfacilitiesandIFScertified,
operating to the highest standards in the industry with a focus
on an extensive dessert selection for the foodservice, retail
market and other business to business markets (including co-
packing).
Boermarke is also a key supplier for in-flight catering services
and other major catering companies.
TheCompanyhandlessalesanddistributionforitsownproducts
across The Netherlands, Belgium, Germany, UK, Poland and
with its alliance with Elementree will now enter the rest of
Europe in a coordinated effort to optimise distribution.
Vita Seege is a leading distributor in the Nordics that represents
brands such as Alpro and Rivella focusing on bringing healthier
food and drink options to the Nordic territories. Vita Seege will
grow the Elementree proposition throughout Northern Europe
in a sales and distribution capacity while also managing many
of the operational requirements such as ordering, invoicing
and logistical management of goods.
Both companies have a vested interest in Elementree.
w
Boermarke Desserts
Staalsteden 17
7547 TA Enschede
T +31 (0)53 4324802
F +31 (0)53 4328009
E info@boermarke.eu
Vitaseege Oy Ab
Petikontie 20w
FI-01720 Vantaa
Finland Tel. +358 9 8254 100
Fax. +358 9 870 1616
info@vitaseege.fi
Boermarke Factory in Enschede, NL
Our Customers
An sustainable Company
The sustainable element to Elementree includes an alliance with WeForest.org, an organisation based in Belgium that supports
reforestation projects around the world. Elementree will be running several campaigns throughout the year that will enable part
of the profits from product sales to be invested into specific reforestation projects in locations where Elementree sources its raw
ingredients from. Each project will be traceable allowing consumers of the Elementree products to track the efforts made by
the company by issuing codes displayed on packaging linked to a website that will demonstrate how over time this campaign
will help restore biodiversity in ravaged lands and increase fair trade employment in places that are in need of support.
“2017 will see all Elementree brands using 100% recyclable packaging”
Elementree Board
Chris Ouwinga
Chris Ouwinga is Chairman of UNIT4 NV. Chris co-founded UNIT4 in
1980 and was initially responsible for various functional areas of the
company, including the product and technical side of the business
with his appointment as Assistant Director in 1983. In 1986, he was
appointed CEO and, under his leadership, UNIT4 has grown into
one of Europe’s leading suppliers of business software and services.
In October 2014 Unit 4 was sold to Advent International for USD $1.6
Billion.
Chris was previously the Co-Founder of Instinctive Film GmbH – a film
production company jointly owned with Darryn Welch, responsible
for the production of over 20 feature film titles, now in hibernation.
ChrisisaFoundingPartner,investorandboardmemberofElementree
Limited
Henrik Persson
Henrik holds a MBA from Gothenburg School of economics and prior
to that also studied in the USA and the UK. He is a serial entrepreneur
andhasfoundedseveralsuccessfulonlineventuressuchasBestpoker.
com, Bestbingo.com, Bestbet.com, and Sachenunddinge.com &
Parktradeeurope.com. He has also acted as CEO of Betsafe.com
and the Betsson Group.
His expertise and experience is in building strong organizations,
managing teams and their strategy and creating long-term
profitability. He has also listed companies both in London and
Frankfurt and sold & bought companies in 50 million euro + deals.
Henrik is a Founding partner of Optimizer Invest, a prolific tech
incubator & accelerator and also an Investor Director and board
member of Elementree.
Florian Bachelin
Florian is a Berlin-based entertainment attorney and co-founder of
Sasse & Partner: a leading law firm in Germany also responsible for
the trademark acquisitions under Elementree.
He is also the co-founder of Premium Exhibitions and Station Berlin –
both highly successful fashion and music event platforms hosting key
events such as Fashion Week and Bio Berlin. Florian was previously a
shareholder in Instinctive Film GmbH with Chris Ouwinga and Darryn
Welch and sits on the board of Elementree.
Elementree Management
Darryn Welch (Founder & CEO) – 15 years in finance, production
and marketing for cinema and television; made the crossover into
FMCG in 2009 with the idea to develop a coconut water ice lolly.
Darryn has 12 years experience in investor relation management,
fund management and has been an active consultant for a range
of projects being developed from start to end across several
industries. He developed Elementree to combat the logistical
challenges involved in new product positioning and listings in the
current marketplace and to fill the gap in retail for the fast growing
healthier plant-based food category.
Staff on contract
Eva Vritilkova - Operations
Jordi Fernandez - National account manager
Salvador Galiano - Digital media manager
Performance based Sales Team and Agents
Henrik Christensen - Denmark/Germany
Óskar Sigþórsson - Iceland
Israel Scotta - Spain & Balearics
Catherine Massabki - Central Europe
Accountants and Administration
A & L Chartered Accountants (www.altax.co.uk) have been
providing business advice, tax advice and accountancy services
since 2003. They work closely with their clients and apart from
the more general accountancy services they assist with business
development and specialist tax services.
Ordering/Invoicing/Logistics (Currently)
Windfall Logistics (www.windfall-logistics.co.uk) was born from a
partnership of A & L Chartered Accountants and Windfall Drinks
Limited. Windfall Logistics was established in 2003 with one main goal
in mind – to support the development of new and aspiring brands in
the UK market, providing an effective and efficient back office and
commercial management resource for new and existing brands.
This facility for all of Europe will be migrated to Boermarke Desserts in
The Netherlands who will take over production, logistics, distribution
and invoicing on behalf of Elementree while VitaSeege provides
the same for the Nordics.
Marketing and Design
Salience Creative
Legal
Rick Smyth, The Wilkes Partnership, UK.
Elementree Advisors
Advisors to the CEO:
Carl Gerlach
Carl Gerlach has spent the past two decades in the Consumer
PackagedGoodsindustry. Hehasmanagedmorethan25consumer
brands and is focused on developing strategies to grow brands in
the highly competitive market. In his career he has built brands for
Kraft Foods, Allstate Insurance Company, Sara Lee, Unilever and
most recently Ruby’s Naturals.
Carl’s expertise is driving Growth by positioning consumer brands
for maximum competitive differentiation, focusing on insightful
understanding of the core consumer. For the past year, Carl has
been the Chief Executive Officer of Ruby’s Naturals, a natural food
company based in New York. Since that time he has doubled
Revenue, improved profitability and developed several new
product lines. He is presently on their Board of Directors and is
actively consulting with a number of natural food start-up brands.
Carl graduated with a Bachelor of Science in General Management
from Purdue University and a Masters of Business Administration in
Marketing and Strategy from the Stephen M. Ross School of Business
at the University of Michigan. He and his wife Kathy have two
daughters, Rachel and Nicole.
Vinay Kapoor
Senior Executive with 25 years of Work experience in General
Management,ConsumerandRetailMarketing,Sales,NewProducts,
Business Development, Strategy and M&A. Having successfully
worked across Asia, Europe, Pacific, North Africa and the Mid-
East he has strong experience and a proven track record in both
Emerging markets and Developed markets at senior leadership and
managerial positions.
Vinay launched the JV between Coca Cola and Illy coffee; Ilko as
its CEO and the company reached $100m in retail sales.
AsanentrepreneurhehassuccessfullyestablishedandbuiltaGlobal
start-up venture and acts as a NED and board advisor for brands:
Little Miracles, Bubbleology Tea, Gustare Honey and Sambazon Inc
Elementree Oragisational Chart
Advisors
Marketing
Legal
Chris Ouwinga
Board
Accounting
Operations
Manufacturers
CEO
Henrik Christensen
Robin Seege
Sales
Distribution
Elementree Group P&L
Revenue to Elementree is three tier:
1.20%-25%ofinvoicedsalesachievedacrossEuropethroughsalesoftheOkoBay
product range. The agreement with Boermarke Desserts (Manufacturing/Sales/
Distribution) means that they cover all production costs, storage, logistics,
distribution and invoicing.
Elementree handles sales & marketing only and remains brand owner. This
eliminates need to fund production and therefore also eliminates the risk having
stock locked up in storage until it’s sold.
2. 40-60% margin on all Pop Fruits sales across Europe. Elementree will fund
production needs as it takes place in Vietnam at a different facility.
Margin is therefore higher as Elementree will produce and own stock in the first
year of operation. This is the only cost of goods in the financial planning, and
itemised in the below table as: Cost of Invoiced Sales.
3. New product development (NPD) this is a reduced margins taking into
account the inclusion of an existing brand such as Rawito (www.rawito.cz) that
will produce once Elementree secure orders. Margin will be between 12-25%
only here, but withlittle to no investment exposure from Elementree.
•	Storage and Distribution is for stock that Elementree may have on consign-
	 ment for sampling campaigns and direct sales.
•	Account Support is the additional investment Elementree may make in order
	 to support Boermarke or VitaSeege with in-store promotions and listing fees to
	 be taken from the Elementree marketing budget.
Numbers are NET (of Value Added Tax)
P&L Summary
YEAR 1 YEAR 2 YEAR 3
Sales Revenue
Sales £755,709 £1,542,677 £2,904,758
Licensing Royalties
Total Sales Revenue £755,709 £1,542,677 £2,904,758
Cost of Sales
Cost of Invoiced Sales £244,361 £486,064 £897,647
Gross Profit £511,348 £1,056,613 £2,007,111
Gross Profit % 68% 68% 69%
Storage and Distribution £7,331 £14,582 £26,929
Account Support £22,671 £46,280 £87,143
Gross Contribution £481,346 £995,751 £1,893,039
GC% 64% 65% 65%
Opex
Staff £170,400 £226,800 £279,200
Office Costs £33,650 £42,250 £47,400
Sales and Marketing £148,031 £259,048 £398,514
New Product Development £29,500 £35,500 £44,500
IT £6,000 £7,000 £10,000
Legal and Accounting £45,127 £66,415 £98,361
Total Opex £432,708 £637,013 £877,975
EBITDA £48,638 £358,738 £1,015,065
EBITDA % 6.44% 23.25% 34.94%
£275,000
£550,000
£825,000
£1,100,000
EBITDA
EBITDA
Elementree 2016-2017 Timeline
November - December 2016:
Securing and closing funding round: 300,000 euros via Crowdfunding
on FundedbyMe
•	Send out Product vouchers and dry ice home delivery packages
	 for all investors in FundedbyMe campaign.
•	Sales and Distribution meetings with major retailers
•	Closing Export deals with Slovakia, Iceland and Austria
•	Establishing preliminary freezer distribution plan for Sweden
	 and Spain
•	Explore airline catering product line via existing sources
January - March 2017
•	Secure additional funds of up to 300,000 euros via Private
	 & Strategic Investors
•	Board meetings to review strategy and targets
•	Production of OkoBay, Pop Fruit and Rawito products for
	distribution
•	Establish sales strategy for independents
•	Preparing strategic roll-out of sampling campaigns with
	 specific retailers
•	Agree in-store Promotion calendar
•	Build marketing materials and social media plan across all Brands
April - September 2017
•	Board review
•	Core sales period for Elementree
•	Roll-out marketing and social media campaigns
•	Roll-out sampling campaigns
•	Roll-out 100+ Elementree freezers
•	Managing customers and compliance in stores
•	Exhibit at trade events, source new customers and explore
	 potential brand collaborations and acquisitions
•	Roll-out internship program to review freezer positioning and QC
	 via photo upload to management
October - December 2017
•	End of year sales performance reporting
•	Board meetings to review strategy
•	Review with retailers re sales and negotiations for continued listings
	 and growth
•	Staff and product review
•	Exhibition attendance
•	New retailer meetings for 2018
Elementree Funding Summary
First Round
Elementree is issuing 10% of its company shares at a pre-money
valuation of 3Mil Euro, equivalent to 455,619 new shares.
Second Round
Elementree will issue a further 10% of its company shares at the same
pre-money valuation to strategic investors that can add value to the
Elementree business.
FundedbyMe campaign can be overfunded at same continued share
price and rate as listed offering dated: 07.11.2016
Exit Strategy
Elementree management believes its most viable exit option
for investors in the Company will be one of three options that the
company in year 3 of operations the Management will begin
strategically planning for: 1. via a trade sale to a multinational in the
FMCG business 2. via acquisition by a Private Equity firm. 3. an IPO on
the Swedish or an alternative Nordic stock exchange and this process
would be managed by the Optimizer Invest management who have
prior success in this field.
Specifically companies such as Unilever with ice cream mega-brands;
Walls, Ben & Jerry’s, Heartbrand and Nestle; with ice cream brands
Häagen-Dazs, Dreyers, Movenpick, Skinny Cow etc. are the most likely
buyers for a business like Elementree.
The reason that an umbrella brand like Elementree might eventually
be on the radar for potential acquisition by a bigger company has a lot
to do with the ability that they have to innovate, produce and deliver
to market based on market trends with a much faster turnaround that
the large multinationals are able to. A smaller operation with a smaller
team can make decisions faster and adapt faster. Traditionally these
kind of multinationals mostly focus on existing brand extensions and
entering new territories with existing products. They often have specific
departments that monitor the newer and smaller brands entering the
market to evaluate just how quickly traction can be built as a result of
the market trends that these brands are able to quickly gauge.
In the frozen desserts/ice cream and snacks industry, high growth
brands have been acquired at multiples ranging from 3- 5 times
turnover. Elementree plans to own at least 5 differentiated brands
by Year 3 which will further increase the valuation of the umbrella
company.m
Elementree would be exploring possible exits in Year 3-4.
•	detailed company financials including forecast P&L and budgets 	
	 can be provided to investors upon request
•	current shareholding table can be requested by investors once
	 they have formally committed to an investment on FundedbyMe of
	 directly with the management of Elementree.
Contact
Darryn Welch
Founder
dw@okobay.com
+34 695 311 866
Okobay Ventures Limited (ElemenTree)
Windfall House
D1 The Courtyard, Alban Park
St Albans, Herts AL4 0LA
United Kingdom
www.okobay.com
Rick Smyth - The Wilkes Partnership LLP.
(www.wilkes.co.uk)
Main areas of expertise:
Corporate finance, business acquisitions
and disposals, MBO’s MBI’s, prviate equity, LLPs,
corporate reconstructions, joint ventures.
Email: rsmyth@wilkes.co.uk
Phone: +44 121 710 5932
Fax: +44 121 233 4546
www.elementree.eu

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Elementree presentation

  • 3. The Concept Elementree is a portfolio company representing complimentary healthy, plant-based frozen snacks & desserts brands positioned to offer retailers a solution to the rapidly growing ‘better for you’ and ‘free-from’ foods category. Elementree has recently acquired the intellectual property rights, customer database and existing distribution infrastructures across Europe through its acquisition of OkoBay Ventures Limited (OkoBay) and Frozen Fruits Sweden (Pop Fruits). Both brands offer healthy alternatives to existing products available to consumers with a strict brand ethos and attributes that promise always being free from dairy, gluten, refined sugars, GMO and soy. OkoBay and Pop Fruits have been on the European market for 3 years and have grown from independent retail into major retail. Going forward, Elementree will manage these brands and support their continued growth by engaging a wider sales agent network across Europe that will offer retailers (independent and major chains), hotels, theme parks, fitness centres, health spas etc a portfolio and ‘branded freezer solution’ that will carry the growing OkoBay and Pop Fruits product range and in turn create a focal ‘point of sale’ in stores that will clearly identify the values of the products it represents. Over the next 18 months Elementree plans to acquire another two brands that have an existing distribution infrastructure that can be used to grow the OkoBay and Pop Fruit estate in new markets while at the same time extending its portfolio with a complimentary range of products serving a wider demographic of consumer across Europe. Growth will be supported by strategic partnerships with major manufacturer and distributor Boermarke Desserts NL and distributor VitaSeege in Finland that will manage production and distribution for all of Europe while Elementree focuses on new product development, sales and marketing. The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.
  • 4. Market Insights Research from New Nutrition Business, analysed 151 businesses founded between 2002 and 2013 in the UK, US and Australia, exploring what makes a ‘healthier’ food start-up fail or succeed. The main finding was that snack and beverage start-ups are most resilient; snacks enjoyed the highest success rate of 64%, and, if a ‘free-from’ message was added, this figure rose to 88%. Market research estimated that sales of products with a gluten-free label have doubled in the past four years. Rising from €11.5 billion to more than €23 billion world wide! Beyond organic, sales of free-from and fortified food and beverages are also buoyant; the category was worth €12.4bn in 2015 according to Euromonitor International.
  • 5. Our Markets 1/3of ALL people arelactose intolerant £Million 637 365 100 2009 2014 2019 275 450 625 800 551 465 ACTUAL FORECAST Optimistic Realistic Pessimistic Value sales and Forecast of the EU Free From market 2009-2019 Poland 78% Sweden 75% Italy 69% Spain 68% Germany 63% France 63% Nielsen 2016 Gluten & Wheat Free €533m in 2016 + 23% on 2015 Dairy & Lactose Free €385m in 2016 + 20.3% on 2015 Below shown % of customers interested in NON-Dairy Ice Cream 2015. Almond and Coconut based
  • 6. Free-From Ice Cream Nielsen 2016 Market Overview: Ice Cream EU Top Flavours in Dairy Free Ice Cream - Global Launches New product Launches by by region, % Launches Top 5 Claim Categories, % Launches New product Launches by Sub Category, % Launches
  • 7. Growth Predictions Forecast Growth Regional Comparison Global Figure Food Intolerance the Second Fastest Growing Food Category Globally 2014-19 CAGR 6% Main Markets % of Global Forecast US 36% Australia 19% France 9% Italy 9% Norway 5% Russia 3% Germany 3% Netherlands 2% UK 2% Finland 2% 6,6 - 15% 4,8 - 6,3% 2,8 - 4,3% 0,0 - 2,7% Not Illustrated Retail Value RSP, EUR million, Constant 2014, Fixed 2014, Ex. Rates, 2014-19 CAGR Asia Australiasia Eastern Europe Latin America Middle East & Africa North America Western Europe Food Intolerance is the second fastest growing food category globally
  • 8. Our Brands&Products Made using natural ingredients only. Coconut water and coconut milk based.
  • 9. FLASH FROZEN to preserve Nutritional Values! REAL PIECES OF RIPE FRUIT READY TO EAT straight out of the freezer 100% PURE FRUIT NOTHING ELSE
  • 10. Raw ingredients using superfoods Naturally Sweet!
  • 11. The Elementree Branded Freezer solution NB. Freezer design will vary depending on country/culture (concept design) All products contained will meet the following criteria.
  • 12. Elementree Growth Forecast *Estimated Points of Sale - Including Export: Asia/UAE/USA Year 2017 *1500 *2500+ *5000+ Year 2018 Year 2019
  • 13. Manufacturing, Sales&Distribution Boermarke is the leading, innovative (“private label”) manufacturer for fresh and frozen dairy, fruit and dessert products in the Netherlands. BoermarkeownshightechproductionfacilitiesandIFScertified, operating to the highest standards in the industry with a focus on an extensive dessert selection for the foodservice, retail market and other business to business markets (including co- packing). Boermarke is also a key supplier for in-flight catering services and other major catering companies. TheCompanyhandlessalesanddistributionforitsownproducts across The Netherlands, Belgium, Germany, UK, Poland and with its alliance with Elementree will now enter the rest of Europe in a coordinated effort to optimise distribution. Vita Seege is a leading distributor in the Nordics that represents brands such as Alpro and Rivella focusing on bringing healthier food and drink options to the Nordic territories. Vita Seege will grow the Elementree proposition throughout Northern Europe in a sales and distribution capacity while also managing many of the operational requirements such as ordering, invoicing and logistical management of goods. Both companies have a vested interest in Elementree. w Boermarke Desserts Staalsteden 17 7547 TA Enschede T +31 (0)53 4324802 F +31 (0)53 4328009 E info@boermarke.eu Vitaseege Oy Ab Petikontie 20w FI-01720 Vantaa Finland Tel. +358 9 8254 100 Fax. +358 9 870 1616 info@vitaseege.fi Boermarke Factory in Enschede, NL
  • 15. An sustainable Company The sustainable element to Elementree includes an alliance with WeForest.org, an organisation based in Belgium that supports reforestation projects around the world. Elementree will be running several campaigns throughout the year that will enable part of the profits from product sales to be invested into specific reforestation projects in locations where Elementree sources its raw ingredients from. Each project will be traceable allowing consumers of the Elementree products to track the efforts made by the company by issuing codes displayed on packaging linked to a website that will demonstrate how over time this campaign will help restore biodiversity in ravaged lands and increase fair trade employment in places that are in need of support. “2017 will see all Elementree brands using 100% recyclable packaging”
  • 16. Elementree Board Chris Ouwinga Chris Ouwinga is Chairman of UNIT4 NV. Chris co-founded UNIT4 in 1980 and was initially responsible for various functional areas of the company, including the product and technical side of the business with his appointment as Assistant Director in 1983. In 1986, he was appointed CEO and, under his leadership, UNIT4 has grown into one of Europe’s leading suppliers of business software and services. In October 2014 Unit 4 was sold to Advent International for USD $1.6 Billion. Chris was previously the Co-Founder of Instinctive Film GmbH – a film production company jointly owned with Darryn Welch, responsible for the production of over 20 feature film titles, now in hibernation. ChrisisaFoundingPartner,investorandboardmemberofElementree Limited Henrik Persson Henrik holds a MBA from Gothenburg School of economics and prior to that also studied in the USA and the UK. He is a serial entrepreneur andhasfoundedseveralsuccessfulonlineventuressuchasBestpoker. com, Bestbingo.com, Bestbet.com, and Sachenunddinge.com & Parktradeeurope.com. He has also acted as CEO of Betsafe.com and the Betsson Group. His expertise and experience is in building strong organizations, managing teams and their strategy and creating long-term profitability. He has also listed companies both in London and Frankfurt and sold & bought companies in 50 million euro + deals. Henrik is a Founding partner of Optimizer Invest, a prolific tech incubator & accelerator and also an Investor Director and board member of Elementree. Florian Bachelin Florian is a Berlin-based entertainment attorney and co-founder of Sasse & Partner: a leading law firm in Germany also responsible for the trademark acquisitions under Elementree. He is also the co-founder of Premium Exhibitions and Station Berlin – both highly successful fashion and music event platforms hosting key events such as Fashion Week and Bio Berlin. Florian was previously a shareholder in Instinctive Film GmbH with Chris Ouwinga and Darryn Welch and sits on the board of Elementree.
  • 17. Elementree Management Darryn Welch (Founder & CEO) – 15 years in finance, production and marketing for cinema and television; made the crossover into FMCG in 2009 with the idea to develop a coconut water ice lolly. Darryn has 12 years experience in investor relation management, fund management and has been an active consultant for a range of projects being developed from start to end across several industries. He developed Elementree to combat the logistical challenges involved in new product positioning and listings in the current marketplace and to fill the gap in retail for the fast growing healthier plant-based food category. Staff on contract Eva Vritilkova - Operations Jordi Fernandez - National account manager Salvador Galiano - Digital media manager Performance based Sales Team and Agents Henrik Christensen - Denmark/Germany Óskar Sigþórsson - Iceland Israel Scotta - Spain & Balearics Catherine Massabki - Central Europe Accountants and Administration A & L Chartered Accountants (www.altax.co.uk) have been providing business advice, tax advice and accountancy services since 2003. They work closely with their clients and apart from the more general accountancy services they assist with business development and specialist tax services. Ordering/Invoicing/Logistics (Currently) Windfall Logistics (www.windfall-logistics.co.uk) was born from a partnership of A & L Chartered Accountants and Windfall Drinks Limited. Windfall Logistics was established in 2003 with one main goal in mind – to support the development of new and aspiring brands in the UK market, providing an effective and efficient back office and commercial management resource for new and existing brands. This facility for all of Europe will be migrated to Boermarke Desserts in The Netherlands who will take over production, logistics, distribution and invoicing on behalf of Elementree while VitaSeege provides the same for the Nordics. Marketing and Design Salience Creative Legal Rick Smyth, The Wilkes Partnership, UK.
  • 18. Elementree Advisors Advisors to the CEO: Carl Gerlach Carl Gerlach has spent the past two decades in the Consumer PackagedGoodsindustry. Hehasmanagedmorethan25consumer brands and is focused on developing strategies to grow brands in the highly competitive market. In his career he has built brands for Kraft Foods, Allstate Insurance Company, Sara Lee, Unilever and most recently Ruby’s Naturals. Carl’s expertise is driving Growth by positioning consumer brands for maximum competitive differentiation, focusing on insightful understanding of the core consumer. For the past year, Carl has been the Chief Executive Officer of Ruby’s Naturals, a natural food company based in New York. Since that time he has doubled Revenue, improved profitability and developed several new product lines. He is presently on their Board of Directors and is actively consulting with a number of natural food start-up brands. Carl graduated with a Bachelor of Science in General Management from Purdue University and a Masters of Business Administration in Marketing and Strategy from the Stephen M. Ross School of Business at the University of Michigan. He and his wife Kathy have two daughters, Rachel and Nicole. Vinay Kapoor Senior Executive with 25 years of Work experience in General Management,ConsumerandRetailMarketing,Sales,NewProducts, Business Development, Strategy and M&A. Having successfully worked across Asia, Europe, Pacific, North Africa and the Mid- East he has strong experience and a proven track record in both Emerging markets and Developed markets at senior leadership and managerial positions. Vinay launched the JV between Coca Cola and Illy coffee; Ilko as its CEO and the company reached $100m in retail sales. AsanentrepreneurhehassuccessfullyestablishedandbuiltaGlobal start-up venture and acts as a NED and board advisor for brands: Little Miracles, Bubbleology Tea, Gustare Honey and Sambazon Inc
  • 19. Elementree Oragisational Chart Advisors Marketing Legal Chris Ouwinga Board Accounting Operations Manufacturers CEO Henrik Christensen Robin Seege Sales Distribution
  • 20. Elementree Group P&L Revenue to Elementree is three tier: 1.20%-25%ofinvoicedsalesachievedacrossEuropethroughsalesoftheOkoBay product range. The agreement with Boermarke Desserts (Manufacturing/Sales/ Distribution) means that they cover all production costs, storage, logistics, distribution and invoicing. Elementree handles sales & marketing only and remains brand owner. This eliminates need to fund production and therefore also eliminates the risk having stock locked up in storage until it’s sold. 2. 40-60% margin on all Pop Fruits sales across Europe. Elementree will fund production needs as it takes place in Vietnam at a different facility. Margin is therefore higher as Elementree will produce and own stock in the first year of operation. This is the only cost of goods in the financial planning, and itemised in the below table as: Cost of Invoiced Sales. 3. New product development (NPD) this is a reduced margins taking into account the inclusion of an existing brand such as Rawito (www.rawito.cz) that will produce once Elementree secure orders. Margin will be between 12-25% only here, but withlittle to no investment exposure from Elementree. • Storage and Distribution is for stock that Elementree may have on consign- ment for sampling campaigns and direct sales. • Account Support is the additional investment Elementree may make in order to support Boermarke or VitaSeege with in-store promotions and listing fees to be taken from the Elementree marketing budget. Numbers are NET (of Value Added Tax) P&L Summary YEAR 1 YEAR 2 YEAR 3 Sales Revenue Sales £755,709 £1,542,677 £2,904,758 Licensing Royalties Total Sales Revenue £755,709 £1,542,677 £2,904,758 Cost of Sales Cost of Invoiced Sales £244,361 £486,064 £897,647 Gross Profit £511,348 £1,056,613 £2,007,111 Gross Profit % 68% 68% 69% Storage and Distribution £7,331 £14,582 £26,929 Account Support £22,671 £46,280 £87,143 Gross Contribution £481,346 £995,751 £1,893,039 GC% 64% 65% 65% Opex Staff £170,400 £226,800 £279,200 Office Costs £33,650 £42,250 £47,400 Sales and Marketing £148,031 £259,048 £398,514 New Product Development £29,500 £35,500 £44,500 IT £6,000 £7,000 £10,000 Legal and Accounting £45,127 £66,415 £98,361 Total Opex £432,708 £637,013 £877,975 EBITDA £48,638 £358,738 £1,015,065 EBITDA % 6.44% 23.25% 34.94% £275,000 £550,000 £825,000 £1,100,000 EBITDA EBITDA
  • 21. Elementree 2016-2017 Timeline November - December 2016: Securing and closing funding round: 300,000 euros via Crowdfunding on FundedbyMe • Send out Product vouchers and dry ice home delivery packages for all investors in FundedbyMe campaign. • Sales and Distribution meetings with major retailers • Closing Export deals with Slovakia, Iceland and Austria • Establishing preliminary freezer distribution plan for Sweden and Spain • Explore airline catering product line via existing sources January - March 2017 • Secure additional funds of up to 300,000 euros via Private & Strategic Investors • Board meetings to review strategy and targets • Production of OkoBay, Pop Fruit and Rawito products for distribution • Establish sales strategy for independents • Preparing strategic roll-out of sampling campaigns with specific retailers • Agree in-store Promotion calendar • Build marketing materials and social media plan across all Brands April - September 2017 • Board review • Core sales period for Elementree • Roll-out marketing and social media campaigns • Roll-out sampling campaigns • Roll-out 100+ Elementree freezers • Managing customers and compliance in stores • Exhibit at trade events, source new customers and explore potential brand collaborations and acquisitions • Roll-out internship program to review freezer positioning and QC via photo upload to management October - December 2017 • End of year sales performance reporting • Board meetings to review strategy • Review with retailers re sales and negotiations for continued listings and growth • Staff and product review • Exhibition attendance • New retailer meetings for 2018
  • 22. Elementree Funding Summary First Round Elementree is issuing 10% of its company shares at a pre-money valuation of 3Mil Euro, equivalent to 455,619 new shares. Second Round Elementree will issue a further 10% of its company shares at the same pre-money valuation to strategic investors that can add value to the Elementree business. FundedbyMe campaign can be overfunded at same continued share price and rate as listed offering dated: 07.11.2016 Exit Strategy Elementree management believes its most viable exit option for investors in the Company will be one of three options that the company in year 3 of operations the Management will begin strategically planning for: 1. via a trade sale to a multinational in the FMCG business 2. via acquisition by a Private Equity firm. 3. an IPO on the Swedish or an alternative Nordic stock exchange and this process would be managed by the Optimizer Invest management who have prior success in this field. Specifically companies such as Unilever with ice cream mega-brands; Walls, Ben & Jerry’s, Heartbrand and Nestle; with ice cream brands Häagen-Dazs, Dreyers, Movenpick, Skinny Cow etc. are the most likely buyers for a business like Elementree. The reason that an umbrella brand like Elementree might eventually be on the radar for potential acquisition by a bigger company has a lot to do with the ability that they have to innovate, produce and deliver to market based on market trends with a much faster turnaround that the large multinationals are able to. A smaller operation with a smaller team can make decisions faster and adapt faster. Traditionally these kind of multinationals mostly focus on existing brand extensions and entering new territories with existing products. They often have specific departments that monitor the newer and smaller brands entering the market to evaluate just how quickly traction can be built as a result of the market trends that these brands are able to quickly gauge. In the frozen desserts/ice cream and snacks industry, high growth brands have been acquired at multiples ranging from 3- 5 times turnover. Elementree plans to own at least 5 differentiated brands by Year 3 which will further increase the valuation of the umbrella company.m Elementree would be exploring possible exits in Year 3-4. • detailed company financials including forecast P&L and budgets can be provided to investors upon request • current shareholding table can be requested by investors once they have formally committed to an investment on FundedbyMe of directly with the management of Elementree.
  • 23. Contact Darryn Welch Founder dw@okobay.com +34 695 311 866 Okobay Ventures Limited (ElemenTree) Windfall House D1 The Courtyard, Alban Park St Albans, Herts AL4 0LA United Kingdom www.okobay.com Rick Smyth - The Wilkes Partnership LLP. (www.wilkes.co.uk) Main areas of expertise: Corporate finance, business acquisitions and disposals, MBO’s MBI’s, prviate equity, LLPs, corporate reconstructions, joint ventures. Email: rsmyth@wilkes.co.uk Phone: +44 121 710 5932 Fax: +44 121 233 4546 www.elementree.eu