Industrial Digitisation: Company presentation by Alexis Angot, Ynsect at the NOAH Conference Berlin 2019, 13-14 June, STATION.

1. NOAH
Berlin – 14th June 2019
Insects to feed the world

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3. Ag & Food
major source of
impacts
Global Warming
Biodiversity
Water

4. Animal nutrition market :
$500Bn
today
$650Bn
in 10 years
$1 Tn
in 10 years
Plant nutrition market :
$250Bn
today
$350Bn
in 10 years

5. All animalseat
insects in the wild
All plants
are fertilized by insects in the wild
0% insects
$100+Bn
if equal to wild animals & plants consumption

6. #welovemealworm

7. 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Mealworm Fishmeal Single cell Protein Soymeal Meat & bone
Quality (% proteins) Impurity (% ash+fibers)
Illustrative
manufacturers:
PREMIUM ANIMAL FEED
Ingredients have different quality & values
Sources: Alltech 2017, Lux Research 2015, Rabobank 2015, Feedipedia, 2017

8. Biggest short term opportunity with the
most urgency: premium protein supply for
animal feed with fishmeal as benchmark
$9Bn
Fish Meal Market
$4Bn
Untapped market in 2027
-2mT
Fish meal gap by 2027
$14Bn
Total Premium Feed
Market in 2027

9. Up to
35% growth
40% mortality reduction
25% resources
Reducing overfishing
Up to
300% growth
Boosting soil
biodiversity
+ Food
- Resources
- Antibiotics & Pesticides

10. I had the pleasure of testing Ÿnsect’s first mealworm
fed salmon together with my whole team during a
staff presentation of the research project. We tried
salmon fed a 50/50 mix of fishmeal and mealworm, a
100% meal worm substitution for fish meal and a
control sample of 100% fish meal. The meat from the
three fish looked identical and had the same
structure and firmness, but the cleanest flavor came
from the fish which was fed with 100% mealworm.
Christopher Haatuft
Chef & owner
Lysverket
Bergen, Norway
“… and it’s delicious !
“

11. #scalability
#robotics
#machinelearning
#verticalindoorfarming

12. LAB TESTING PROTOTYPE PILOT PLANTS DEMO PLANT INDUSTRIAL
PLANT
Funded
First Test Lab
Outsourced Prototype
Pilot Plant 1.0
No automation
Pilot Plant 2.0
Semi automation
Ϋnsite Demo Plant
Full automation
Ϋnfarm#1 Industrial
Plant
BEST IN CLASS R&D PARTNERSHIPS
2011 2012 2013 2014 2016 20192015
COFOUNDER & PRESIDENT
Demonstrated scalability over time
$200m IN FUNDING, GRANTS and DEBT
+$25m EU GRANT
NEWS 11th June

13. Our Goal: produce 1m tons/year of
premium mealworm protein with 15+
plants in next decade to generate $5+Bn
revenues

14. REBUILDING THE FOOD CHAIN
TO BETTER FEED THE WORLD
+35%
Superior Product
Performance with up to
35% fish yield
$1
Trillion
Animal + Plant
Nutrition Markets
in 2027
$5Bn
Building a
$5Bn business in
next decade
$70m
$70m of Ÿnfarm#1
sales secured
$200m
$175m raised in last 5
years

15. 10 best
France
innovation
2015
Best Market
strategy
2017
Best European
Start-up - Clean
Tech 100
2017
Significant International Awards
Reinventing the food chain

16. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 10th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
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CORPORATE FINANCE BOUTIQUE®
The NOAH Advisors Core Banking Team
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Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for €135m to
10Bis