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© 2015 BioAmber Inc. All Rights Reserved. June 26, 2016 :: 1
Accelerating Clean Innovation
Presentation to the North Ameri...
Forward-Looking Statements. This presentation contains express or implied forward-looking statements, which are based on c...
© 2015 BioAmber Inc. All Rights Reserved. 3
FAVORABLE TRENDS & TIMING
A FUNDAMENTAL SHIFT is occurring in the chemical ind...
© 2015 BioAmber Inc. All Rights Reserved. 4
OUR TECHNOLOGY – THE EXACT SAME CHEMICALS
We use sugars to produce exactly the...
© 2015 BioAmber Inc. All Rights Reserved. 5
BIOTECHNOLOGY OPERATING AT COMMERCIAL SCALE
Fermentation
Sugar
Purification
Su...
© 2015 BioAmber Inc. All Rights Reserved. 6
INVESTMENT HIGHLIGHTS
INNOVATIVE biotechnology is a game changer:
• Cost struc...
© 2015 BioAmber Inc. All Rights Reserved. 7
SA IS A BUILDING BLOCK WITH MANY USES
Bio-based
Succinic
Acid (SA)
Paints &
Co...
© 2015 BioAmber Inc. All Rights Reserved. 8
7.1
-0.2
-2
0
2
4
6
8
Petrochemical SA BioAmber SA
CarbonIntensity(kgCO2e/kgSA...
© 2015 BioAmber Inc. All Rights Reserved. 9
GREEN CHEMISTRY DRIVERS
© 2015 BioAmber Inc. All Rights Reserved. 10
SA DROPS INTO EXISTING SUPPLY CHAINS
Petrochemical
Building Blocks
Formulated...
© 2015 BioAmber Inc. All Rights Reserved. 11
PROJECTED GROWTH OF GLOBAL SA MARKET
51,000 MT
Succinic Acid (SA) Market
Mark...
© 2015 BioAmber Inc. All Rights Reserved. 12
OUR NEXT PLANT WILL PRODUCE ADDITIONAL BUILDING BLOCKS
EXPECTED
PLANT OUTPUT
...
© 2015 BioAmber Inc. All Rights Reserved. 13
OUR NEXT PLANT – INDUSTRIAL BIOTECHNOLOGY
+ TRADITIONAL CHEMISTRY
Proven Conv...
© 2015 BioAmber Inc. All Rights Reserved. 14
TODAY’S PBS SUPPLY CHAIN
100% biobased
succinic acid
glucose
from corn
60% bi...
© 2015 BioAmber Inc. All Rights Reserved. 15
SA + BDO = PBS – BIOBASED PBS SUPPLY CHAIN IN 2019?
100% biobased
SA & BDO
gl...
© 2015 BioAmber Inc. All Rights Reserved. 16
POLICY THAT WORKED –WHAT MORE IS NEEDED?
What Worked What is Needed
• $51M fo...
www.bio-amber.com
Contact info
© 2015 BioAmber Inc. All Rights Reserved. 17
1250 Rene Levesque Blvd West, Suite 4310
Montr...
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Anne Waddell, Vice President, Public Affairs, BioAmber Inc.

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Accelerating Clean Innovation

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Anne Waddell, Vice President, Public Affairs, BioAmber Inc.

  1. 1. © 2015 BioAmber Inc. All Rights Reserved. June 26, 2016 :: 1 Accelerating Clean Innovation Presentation to the North American Climate Policy Forum – June 22-23, 2016
  2. 2. Forward-Looking Statements. This presentation contains express or implied forward-looking statements, which are based on current expectations of management. These statements relate to, among other things, our expectations regarding management’s plans, objectives, and strategies. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any projections of financial information; any statements about historical results that may suggest trends for our business and results of operations; any statements of the plans, strategies and objectives of management for future operations, including the timing, funding and construction of planned manufacturing facilities; any statements of expectation or belief regarding future events, potential markets or applications, the sizes of addressable markets, expected technology developments, strategic partnerships and collaborations, or enforceability of our intellectual property rights; any statements about the projected or expected economic or other benefits of our products compared to petroleum-derived equivalents, future sales and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of risks, assumptions and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in periodic reports filed with the Securities and Exchange Commission (SEC), as well as other documents that may be filed by us from time to time with the SEC. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the expected funding sources of our future manufacturing facilities and the expected timing of the construction and the start of commercial operations of of these facilities; our joint venture with Mitsui & Co. Ltd; our offtake agreements with Vinmar International Ltd, related to bio-based 1, 4 BDO and bio-succinic acid, and with PTTMCC Biochem for bio-succinic acid; the expected applications of our products and the sizes of addressable markets; our ability to gain market acceptance for bio-succinic acid, its derivatives and other building block chemicals; the benefits of our yeast; our ability to ramp up commercial sales and execute on our commercial expansion plan, including the timing, volume and margins of our future production and sales; the expected cost-competitiveness and relative performance attributes of our bio-succinic acid and the products derived from it; our ability to cost-effectively produce and commercialize bio-succinic acid, 1,4-BDO and THF; customer qualification, approval and acceptance of our products; our ability to maintain and advance strategic partnerships and collaborations and the expected benefits and accessible markets related to those partnerships and collaborations; the impact of our off-take agreements on our business with our customers, our distributors and our current and future equity partners; our ability to economically obtain feedstock and other inputs; the achievement of advances in our technology platform; our ability to obtain and maintain intellectual property protection for our products and processes and not infringe on others' rights; government regulatory and industry certification approvals for our facilities and products; government policymaking and incentives relating to bio-chemicals; and the other factors listed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014 and Form 10-Q for the quarter ending September 30, 2015. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the events and circumstances reflected in the forward-looking statements will be achieved or occur and the timing of events and circumstances and actual results could differ materially from those projected in the forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Before you invest, you should read the documents the issuer has filed with the SEC for more complete information about the Company. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Trademarks. Our trademarks may not be copied, imitated or used, in whole or in part, without our prior written permission. Other trademarks, registered trademarks or logos, company names or logos displayed in this presentation are the property of their owners. © 2015 BioAmber Inc. All Rights Reserved. 2 SAFE HARBOR STATEMENT
  3. 3. © 2015 BioAmber Inc. All Rights Reserved. 3 FAVORABLE TRENDS & TIMING A FUNDAMENTAL SHIFT is occurring in the chemical industry: • Switching to more sustainable products and processes • Driving growth of renewable building block materials BioAmber is ready to capitalize on this shift TODAY: • We make renewable building block materials • Our first commercial manufacturing facility is operational • Our bio-based building blocks can drop into existing supply chains CLEAN/GREEN CHEMISTRY SHOULD BE STANDARD PRACTICE
  4. 4. © 2015 BioAmber Inc. All Rights Reserved. 4 OUR TECHNOLOGY – THE EXACT SAME CHEMICALS We use sugars to produce exactly the same building blocks as petrochemicals Our Sugar-Based Biotechnology Conventional Oil-Based Process Corn Cane / Beets Biomass Pumping crude Deep sea Oil sands Sugar NaphthaBuilding Block Materials Our advantage: technology that delivers disruptive cost
  5. 5. © 2015 BioAmber Inc. All Rights Reserved. 5 BIOTECHNOLOGY OPERATING AT COMMERCIAL SCALE Fermentation Sugar Purification Succinic Acid (SA) Strong IP Portfolio Innovative Yeast Proven at Commercial Scale ISO Certified A demonstration plant is the only reliable way to scale; the jump in scale should not be greater than 10 times the capacity of the unit Scaling is critical
  6. 6. © 2015 BioAmber Inc. All Rights Reserved. 6 INVESTMENT HIGHLIGHTS INNOVATIVE biotechnology is a game changer: • Cost structure is disruptive to the petrochemical industry • Manufacturing has low green house gas emissions • Business model does not rely on market subsidies FIRST MOVER advantage: • World’s largest succinic acid manufacturing facility – Sarnia, Ontario • Track record of delivering on important milestones Poised for RAPID GROWTH: • Plant output committed to customers under contract • Expected to generate attractive margins
  7. 7. © 2015 BioAmber Inc. All Rights Reserved. 7 SA IS A BUILDING BLOCK WITH MANY USES Bio-based Succinic Acid (SA) Paints & Coatings Plastics Adhesives Personal Care Plasticizers Polyurethanes Lubricants Food & Flavors Artificial Leather Green Chemistry has a place in almost every industry. Benefits include reductions in: • GHGs • Endocrine disruptors • Carcinogens • Skin irritants • Wildlife and aquatic toxins
  8. 8. © 2015 BioAmber Inc. All Rights Reserved. 8 7.1 -0.2 -2 0 2 4 6 8 Petrochemical SA BioAmber SA CarbonIntensity(kgCO2e/kgSA) Green House Gas Emissions 100% REDUCTION Field-to-Gate Energy and Greenhouse Gas Emissions Associated with Succinic Acid Produced At BioAmber’s Facility In Sarnia Ontario, Canada 97.7 34.7 -20 0 20 40 60 80 100 120 Petrochemical SA BioAmber SA EnergyUse(MJ/kgSA) Energy Consumption 64% REDUCTION BIOAMBER: A SIGNIFICANTLY MORE SUSTAINABLE FOOTPRINT
  9. 9. © 2015 BioAmber Inc. All Rights Reserved. 9 GREEN CHEMISTRY DRIVERS
  10. 10. © 2015 BioAmber Inc. All Rights Reserved. 10 SA DROPS INTO EXISTING SUPPLY CHAINS Petrochemical Building Blocks Formulated Materials Final Product Manufacturing Brand Owners EXISTING SUPPLY CHAIN Formulated Materials Final Product Manufacturing BIOAMBER SOLUTION BioAmber Succinic Acid 90% of all manufactured goods are linked to the global chemistry industry Brand Owners Cost competitive and better performance – no charge for green
  11. 11. © 2015 BioAmber Inc. All Rights Reserved. 11 PROJECTED GROWTH OF GLOBAL SA MARKET 51,000 MT Succinic Acid (SA) Market Market Size (2011) 659,408 MT Projected* 2020 Market 35% Projected* CAGR 2012-20 * Projections are the average of the high end of the range reported by six studies published since 2012: Roland Berger, Weastra, Grand View, Allied Research, HIS, Global Industry Textiles Polyurethane Synthetic Leather Bio-Plastics Food & Flavors Lubricants Personal Care Examples of Customers
  12. 12. © 2015 BioAmber Inc. All Rights Reserved. 12 OUR NEXT PLANT WILL PRODUCE ADDITIONAL BUILDING BLOCKS EXPECTED PLANT OUTPUT 60,000 MT SA 70,000 MT BDO 24,000 MT THF Plant #2 Will Be Located in North America - $500M Investment (expected 2019) Succinic Acid ProductionSuccinic Acid Production BDO & THF ProductionBDO & THF ProductionSugarSugar Bio-based 1,4-Butanediol (BDO)* $4.0 Billion market Bio-based Tetrahydrofuran (THF)* $2.0 Billion market * Market sizes are estimates based on 10 year average prices BDO market projected to grow at 6.5% CAGR between 2012 and 2025 Sources: Technon Orbichem 2014, ChembizR 2015, IHS 2014
  13. 13. © 2015 BioAmber Inc. All Rights Reserved. 13 OUR NEXT PLANT – INDUSTRIAL BIOTECHNOLOGY + TRADITIONAL CHEMISTRY Proven Conversion Technology Hydrogenation Distillation BDO & THF Strong IP Portfolio Turn-key License Performance Guarantees 14 plants built worldwide Succinic Acid Proven Fermentation Technology Two Proven Technologies - World’s first commercial biobased BDO/THF plant Sugar Fermentation SA replaces maleic anhydride (petroleum based) Purification Succinic Acid (SA) Strong IP Portfolio Innovative Yeast Proven at Commercial Scale ISO Certified
  14. 14. © 2015 BioAmber Inc. All Rights Reserved. 14 TODAY’S PBS SUPPLY CHAIN 100% biobased succinic acid glucose from corn 60% biobased PBS 30,000 MT SA 20,000 MT PBS Supply Offtake Contract biobased modified PBS PBS manufacturer Polybutylene succinate (PBS) - a polyester developed for its biodegradability, physical and mechanical properties, thermal and chemical resistance and ease of processing. Purported to be totally biodegradable under normal conditions. PBS approximates common thermoplastics like polypropylene in its performance and therefore presents tremendous possibilities. Wet-mill
  15. 15. © 2015 BioAmber Inc. All Rights Reserved. 15 SA + BDO = PBS – BIOBASED PBS SUPPLY CHAIN IN 2019? 100% biobased SA & BDO glucose from 2nd Gen. 100% biobased PBS 100,000 MT SA 70,000 MT BDO 20,000 MT PBS Offtake Offtake Contract biobased modified PBS Contract Auto Parts 27,000 MT PBS Manufacturer Compounder Green chemistry incorporates every element of business, from product design to feedstock selection through manufacturing to finished products, engaging customers throughout the supply chain
  16. 16. © 2015 BioAmber Inc. All Rights Reserved. 16 POLICY THAT WORKED –WHAT MORE IS NEEDED? What Worked What is Needed • $51M for Sarnia in low interest loans and grant - SJIF, FedDev, Agri-Innovation, SDTC • SDTC technology due diligence key to EDC acceptance • EDC-led consortium project financing including Farm Credit Corp. • BDC working capital • Community partners – City of Sarnia-Lambton, Lambton College, OFA, industry-savvy local MP • Foresight of government sector policy • Cluster developers – Bioindustrial Innovation Canada • Reasonable cost capital for commercial scale projects, e.g., US DOE REEP loan and loan guarantees to commercial scale projects – spread the risk across a portfolio • SDTC should broaden its mandate; downplay fuels (low value add); loan guarantees for commercial projects • Address lag time for incorporation of a new substance – presently 10 yrs for the auto industry • Connect partners across the supply chain • Green bonds for commercialization of clean technologies • Faster turn-around time for new product approvals
  17. 17. www.bio-amber.com Contact info © 2015 BioAmber Inc. All Rights Reserved. 17 1250 Rene Levesque Blvd West, Suite 4310 Montreal (Quebec) Canada H3B 4W8 w: 613-402-3667 anne.waddell@bio-amber.com BioAmber Inc. Anne Waddell, VP, Government Affairs

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