Rembrandt Foods
  “It Started With a Cornfield & A Vision”

• 2000 – Rembrandt Foods strategically builds an
  inline vertically integrated egg facility in northwest
  Iowa
• 2001-2007 – Our team becomes extremely efficient
  at producing and breaking eggs
• 2007 – Begin construction of a liquid egg
  pasteurizing plant inline with breaking facility.
Opportunity for Growth

• 2008 – Shipping liquid pasteurized eggs & add
  inline drying facility.
• 2009 – Purchased assets of Golden Oval Egg
  Company making Rembrandt Foods one of the
  largest egg ingredient producers in the world
• 2011 – Positioned to become the global leader
  in value-added egg based products.
The Rembrandt Difference
  Economies of Scale
• Rembrandt Foods owns 14 million hens and are the 3rd
  largest producer of eggs in U.S.
• We are largest inline producer of Ingredient &
  Foodservice products in the U.S.
• We are the only company in the top four producers that
  focuses entirely on egg products rather than shell eggs.
• Business model designed to make Rembrandt
  foods the industry’s low-cost producer.
• Processing plants sized to handle growth
Why Rembrandt?
• Control of Supply
We own 14 million birds to ensure your supply
• Safety & Control
Our eggs are broken and pasteurized within 4-12 hours of
being laid. Vertical integration ensures traceability and safety.
• Quality
-Complete and ongoing HACCP programs
-Superior AIB ratings
-Extensive bio-security & On site lab
-SQF Level 3 Certification expected by Q2 of this year
Production Numbers by Company

35,000,000

30,000,000

25,000,000
20,000,000

15,000,000

10,000,000

 5,000,000

        0
             Cal-Maine   Rose Acre   Rembrandt   DeCoster Egg   Moark LLC     Hillandale   Michael   Sparboe
              Foods       Farms        Foods        Farms                    Farms of PA   Foods



                                     Data from Watt Poultry – January 2011
It’s About the Customer

• With over 150 combined years of foodservice
  experience we are more than an egg supplier
  we are your partner.
• We differentiate customers, to
  create and deliver the right solutions.
• We always look to make it easier to do
  business with us.
Obsess about efficiency
Produce more food using less resources and
 reducing waste
Six Key Target Areas
1. Sustainable Agriculture
2. Distribution
3. Packaging
4. Water
5. Energy
6. Solid Waste Reduction
Rembrandt Sustainability Facts:
• We use feed from approximately 100,000
  acres and we enrich the same amount of
  land with our natural fertilizer.
• Our egg shells are dried and used as a
  feed source.
• All inedible eggs are dried and used in
  pet food applications.
• Our inline vertical integration reduces
  transportation emissions.
Egg Production




                                                      Purchase corn & soybean
Buy day-old chicks                                    from over 325 local farmers
                             Raise pullets in barns
                                                       to feed our hens




Care for over 14 M layers   Produce 10,000,000 eggs   Use our chicken manure
                            per day.                  to fertilize over 100 M acres
                                                      and provide electricity for
                                                      local communities.
Egg Processing




Eggs from the layer                   After eggs are washed
                        Egg Washing                                 Breaking
barns are broken &                    they are candled to
pasteurized within 4-                 look for cracks, blood
12 hours of being                     and inferior eggs.
laid




                                                               Eggs are inspected by
                                       Eggs are tested for
Egg Pasteurization      Egg Dryers                             an on-site USDA
                                       safety and quality.
                                                               inspector.
Shipping Our Eggs




50,000 lb tankers                   2000 lb Tote              Bag In Box




                    Gable Top Cartons              Export Container
Foodservice Product Categories
ESL – Extended Shelf Life
• Bag and Carton
Frozen Egg Products
• Bag, Boil-in-bag and carton
Hard Cooked Eggs
• Dry pack, chopped frozen & pail packaging
Pre-Cooked Eggs
• Patties, omelets & scrambled in a bag
ESL: Extended Shelf Life Products

• Studies have shown that ESL saves around
  25% of cost versus shell egg usage
• Safety!!! Only shell eggs are a source of
  lawsuits today
• Whole Egg, SEM, Whites, Yolks
• Packaging: 20# bags, 2# gable top cartons
Liquid Whole Egg ESL Products
Whole Egg Versatility
• Whole egg flavor, functionality & texture
• Perfect for omelets, baking, sauces &
  scrambled eggs
• Easy to pour carton offers ease of use, portion
  control & 100% yield
• Saves time & expense and improved safety over
  cracking eggs
• Available with or without citric acid
Liquid Egg White ESL Products

• Feel good flavor with nutritional benefits
• Perfect for egg white omelets, meringues and
  much more
• Low and No Cholesterol Options
• Pourable and ready to use. No yolk waste and
  100% yield
• Packaging: 15/2 lb & 15/1 lb Gable Top/Screw
  Cap
Frozen Products
• Formerly the biggest segment in foodservice
  before ESL
• Versatility – no shelf life issues; can be held for
  one year
• 5# Cook in Bag, 5# Carton & 30# Pail
• All products: WE, SEM, yolk, whites, no
  cholesterol
Hard Cooked Eggs

• Brine pails: 10#, 20#; still an industry standard
• Dry Pack: multiple configurations; not
  shipping/handling brine solution; “cleaner”
  product via processing
• Chopped Frozen; niche item with strong
  following
Pre Cooked Eggs

• Fastest growing category: convenience & labor
  costs driving volume
• Rounds, squares, omelets, scrambled eggs in a
  bag
Food Ingredient Products
• Stage One tankers: sold to manufacturers and other further
  processed egg product companies
• Liquid pasteurized egg: tankers, totes, bag in box, pails
• Frozen egg: primarily 30# pails
• Baker’s Ease: Liquid Shelf Stable Sugar Egg
• Dried Egg:
  > True value added products: whole egg, yolk, whites, specialty
     and proprietary blends
  > Enzyme modified, heat stable, etc.
• Focus is on manufacturers; large, bulk quantities of dried and/or
  liquid egg
An Integrated, Sustainable Approach to Egg Products

Pdf rembrandt presentation 2011

  • 2.
    Rembrandt Foods “It Started With a Cornfield & A Vision” • 2000 – Rembrandt Foods strategically builds an inline vertically integrated egg facility in northwest Iowa • 2001-2007 – Our team becomes extremely efficient at producing and breaking eggs • 2007 – Begin construction of a liquid egg pasteurizing plant inline with breaking facility.
  • 3.
    Opportunity for Growth •2008 – Shipping liquid pasteurized eggs & add inline drying facility. • 2009 – Purchased assets of Golden Oval Egg Company making Rembrandt Foods one of the largest egg ingredient producers in the world • 2011 – Positioned to become the global leader in value-added egg based products.
  • 4.
    The Rembrandt Difference Economies of Scale • Rembrandt Foods owns 14 million hens and are the 3rd largest producer of eggs in U.S. • We are largest inline producer of Ingredient & Foodservice products in the U.S. • We are the only company in the top four producers that focuses entirely on egg products rather than shell eggs. • Business model designed to make Rembrandt foods the industry’s low-cost producer. • Processing plants sized to handle growth
  • 5.
    Why Rembrandt? • Controlof Supply We own 14 million birds to ensure your supply • Safety & Control Our eggs are broken and pasteurized within 4-12 hours of being laid. Vertical integration ensures traceability and safety. • Quality -Complete and ongoing HACCP programs -Superior AIB ratings -Extensive bio-security & On site lab -SQF Level 3 Certification expected by Q2 of this year
  • 6.
    Production Numbers byCompany 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 Cal-Maine Rose Acre Rembrandt DeCoster Egg Moark LLC Hillandale Michael Sparboe Foods Farms Foods Farms Farms of PA Foods Data from Watt Poultry – January 2011
  • 7.
    It’s About theCustomer • With over 150 combined years of foodservice experience we are more than an egg supplier we are your partner. • We differentiate customers, to create and deliver the right solutions. • We always look to make it easier to do business with us.
  • 8.
    Obsess about efficiency Producemore food using less resources and reducing waste
  • 9.
    Six Key TargetAreas 1. Sustainable Agriculture 2. Distribution 3. Packaging 4. Water 5. Energy 6. Solid Waste Reduction
  • 10.
    Rembrandt Sustainability Facts: •We use feed from approximately 100,000 acres and we enrich the same amount of land with our natural fertilizer. • Our egg shells are dried and used as a feed source. • All inedible eggs are dried and used in pet food applications. • Our inline vertical integration reduces transportation emissions.
  • 11.
    Egg Production Purchase corn & soybean Buy day-old chicks from over 325 local farmers Raise pullets in barns to feed our hens Care for over 14 M layers Produce 10,000,000 eggs Use our chicken manure per day. to fertilize over 100 M acres and provide electricity for local communities.
  • 12.
    Egg Processing Eggs fromthe layer After eggs are washed Egg Washing Breaking barns are broken & they are candled to pasteurized within 4- look for cracks, blood 12 hours of being and inferior eggs. laid Eggs are inspected by Eggs are tested for Egg Pasteurization Egg Dryers an on-site USDA safety and quality. inspector.
  • 13.
    Shipping Our Eggs 50,000lb tankers 2000 lb Tote Bag In Box Gable Top Cartons Export Container
  • 14.
    Foodservice Product Categories ESL– Extended Shelf Life • Bag and Carton Frozen Egg Products • Bag, Boil-in-bag and carton Hard Cooked Eggs • Dry pack, chopped frozen & pail packaging Pre-Cooked Eggs • Patties, omelets & scrambled in a bag
  • 15.
    ESL: Extended ShelfLife Products • Studies have shown that ESL saves around 25% of cost versus shell egg usage • Safety!!! Only shell eggs are a source of lawsuits today • Whole Egg, SEM, Whites, Yolks • Packaging: 20# bags, 2# gable top cartons
  • 16.
    Liquid Whole EggESL Products Whole Egg Versatility • Whole egg flavor, functionality & texture • Perfect for omelets, baking, sauces & scrambled eggs • Easy to pour carton offers ease of use, portion control & 100% yield • Saves time & expense and improved safety over cracking eggs • Available with or without citric acid
  • 17.
    Liquid Egg WhiteESL Products • Feel good flavor with nutritional benefits • Perfect for egg white omelets, meringues and much more • Low and No Cholesterol Options • Pourable and ready to use. No yolk waste and 100% yield • Packaging: 15/2 lb & 15/1 lb Gable Top/Screw Cap
  • 18.
    Frozen Products • Formerlythe biggest segment in foodservice before ESL • Versatility – no shelf life issues; can be held for one year • 5# Cook in Bag, 5# Carton & 30# Pail • All products: WE, SEM, yolk, whites, no cholesterol
  • 19.
    Hard Cooked Eggs •Brine pails: 10#, 20#; still an industry standard • Dry Pack: multiple configurations; not shipping/handling brine solution; “cleaner” product via processing • Chopped Frozen; niche item with strong following
  • 20.
    Pre Cooked Eggs •Fastest growing category: convenience & labor costs driving volume • Rounds, squares, omelets, scrambled eggs in a bag
  • 21.
    Food Ingredient Products •Stage One tankers: sold to manufacturers and other further processed egg product companies • Liquid pasteurized egg: tankers, totes, bag in box, pails • Frozen egg: primarily 30# pails • Baker’s Ease: Liquid Shelf Stable Sugar Egg • Dried Egg: > True value added products: whole egg, yolk, whites, specialty and proprietary blends > Enzyme modified, heat stable, etc. • Focus is on manufacturers; large, bulk quantities of dried and/or liquid egg
  • 22.
    An Integrated, SustainableApproach to Egg Products