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Angelist ppt 10 1-13 mission

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Brief slide summary of Asta Ltd., Tualatin, Oregon.

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Angelist ppt 10 1-13 mission

  1. 1. Corporate Presentation Asta Ltd.. CONFIDENTIAL Asta Ltd. Asta Ltd. A Northwest Food Biotechnology Company “Providing Protein and Nutrients for Life…”™
  2. 2. 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.
  3. 3. 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
  4. 4. 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
  5. 5. 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
  6. 6. 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
  7. 7. 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
  8. 8. 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
  9. 9. 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
  10. 10. 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
  11. 11. 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
  12. 12. 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%
  13. 13. 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
  14. 14. 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
  15. 15. 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
  16. 16. 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
  17. 17. 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 $Millions
  18. 18. 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
  19. 19. 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
  20. 20. 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
  21. 21. 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
  22. 22. Corporate Presentation Asta Ltd.. CONFIDENTIAL Asta Ltd. Thank You! Asta Ltd. “ Providing Protein and Nutrients for Life…”™ Contact Dennis Hurt dennis@astaltd.com

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