Blue Star Foods Corp. · OTC:BSFCD
Blue Star Foods — Investor Presentation (May 2022)
22 slides from Blue Star Foods's investor presentation, May 2022
Slide 1: Blue Star Foods Corporation – Healing the planet one pound at a time
Blue Star Foods Corporation Blue Star Foods Corp. | May 2022 Healing the planet one pound at a time. bluestarfoods.com
Slide 2: Forward looking statements
2 Forward looking statements Blue Star Foods Corporation This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are characterized by future or con
Slide 3: Company Strategy & Mission Statement
3 Company Strategy & Mission Statement Blue Star Foods Corporation Long-Term strategy to create a vertically integrated seafood company that offers customers high quality products while maintaining a focus on our core values of delivering food safety, traceability and certified resource sustainabili
Slide 4: Company Financials and Overview
4 Company Financials Company Overview Blue Star Foods Corporation ▪ 2020 Revenue of $14.1M ▪ 2021 Revenue of $10M an integrated Environmental, ▪ Q1 2022 –Revenue $5.3 M Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Headquarters Aquaculture System (RAS Miami,
Slide 5: Executive Team
John Keeler 5 Chairman & CEO Executive Team Named Best CEO in Sustainable Seafood Industry by European CEO Magazine. 2017 Speaker at “The Economist World Ocean Summit”. Blue Star Foods Corporation JC Dalto Nubar Herian Jeffry Guzy Member Member Member Sylvia Alana Tim McLellan Trond Ringstad CFO Mem
Slide 6: The Problem – Evolution to RAS Land-Based Aquaculture
6 The Problem-Evolution to RAS Land-Based Aquaculture Blue Star Foods Corporation Double Seafood Overfishing Conventional Consumption by 2050 aquaculture will NOT meet demand GAP Environmental Pollution of the Food Supply Ocean Microplastic Pollution
Slide 7: Ocean plastic waste pollution
Blue Star Foods Corporation 7 Every year, there are 11 million tons of plastic waste that pollute the world’s oceans. That is about 30 Empire State buildings weight in plastics each year. This threatens wildlife and fragile ecosystems around the globe. And it is not getting any better. In fact, it i
Slide 8: Unfavorable Ocean Plastic Pollution Trend
Blue Star Foods Corporation 8 Unfavorable Ocean Plastic Pollution Trend Our review of four decades of research indicates that fish consumption of plastic is increasing. Just since an international assessment conducted for the United Nations in 2016, the number of marine fish species found with plast
Slide 9: Resource Efficient Production, Increased Global Marine Protein Consumption & Supply Gap
Resource 9 Efficient 1.3 Feed Conversion Ratio 56 kgs Edible Meat per 100 kg fed Production Increased Global Marine Protein 7.9 kgs Carbon Footprint | Kg CO2 / Kg edible meat Blue Star Foods Corporation 2,00 Water consumption | Litre / Kg edible meat Consumption & 1.9 Feed Conversion Ratio 39 kgs Ed
Slide 10: Aquaculture Needs To Fill the Gap
Conventional Aquaculture Aquaculture Needs To Fill the Gap Blue Star Foods Corporation The wild fish catch peaked at 94 Mt (1) in the mid-1990s and has since stagnated/declined. All future increase in world fish consumption will need to come from aquaculture. ▪ In 2016, aquaculture provided more tha
Slide 11: Macro Regulatory Demand Driver
Macro Regulatory Blue Star Foods Corporation Demand Driver The Government of Canada has made it a policy decision to phase out Ocean Based Salmon Farming by 2025. This will start with the closure of farms located within the Discovery Islands, which shall be complete by June 30, 2022. The Discovery I
Slide 12: Solution & Competitive Advantage
Solution & Competitive Advantage Highly disruptive technology Fully controlled environment for the fish. No Antibiotics Virtually NO environmental impact RAS Land-Based Efficient land and energy use Aquaculture low to neutral CO2 emissions for Salmon Traceable Harvest Optimal feeding strategy Mobile
Slide 13: Farm Flow Diagram
Blue Star Foods Corporation Farm Flow Diagram
Slide 14: Project Timeline
Project Timeline Blue Star Foods Corporation Research & Secure Detailed Start RAS Development Location Engineering Installation Start-Up Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Star Pilot Development Plan Construction Commissioning 1 st Commercial Farm (Building) Starts Harvest
Slide 15: Crab Meat Product
Crab Meat Product Blue Star Foods Corporation Sourcing. Processing. Sustainable Catch. BSFC sources its main product, the Blue Swimming Crab from Southeast Asia. ▪ In 2020, 90%(1) of product sourcing was from the Philippines (46%) and Indonesia (44%). Product is processed on site at local facilities
Slide 16: Environmentally Friendly Packaging/Premium Labels
16 Environmentally Friendly Packaging/Premium Labels Sustainable and ethical packaging. ▪ BSFC has several global patents on the Eco-Fresh crab meat pouches Worldwide. ONLY company to package Crab meat in pouches. Benefits of Eco-Fresh pouches vs. traditional metal cans include: ▪ Cost Efficient | l
Slide 17: ESG - Framework
17 ESG - Framework Blue Star Foods Corporation Blue Star is committed to improving shareholder value. We will only do so through the highest standards of governance in a way that is beneficial to the natural habitats that supply our products and the people who work hard to obtain these products for
Slide 18: ESG & Environmental Stewardship
ESG & Environmental Stewardship BSFC released its First GRI Standard Sustainability Report in January 2021. 89-page report shows the company’s performance during past 2 years against globally recognized, quantifiable and standardized ESG Key Performance Indicators. ▪ Only report focused on Blue Crab
Slide 19: Established Supply Chain with Blue Chip Customers
19 Established Supply Chain with Blue Blue Star Foods Corporation Chip Customers BSFC has built relationships with some of the largest, most prestigious companies in the United States. ▪ Quality product ▪ Reliable delivery ▪ Delivers auditable ESG check points for customer
Slide 20: Significant Discount in Valuation as Compared to Peers
Significant Discount in Valuation as Compared to Peers: Blue Star Foods Corporation NASDAQ: AQB $120M Market Cap (in production) $1.2M Revenue TTM OTC: AASZF $350M Market Cap (in production) $14.6M Revenue TTM (project phase) (project) (project) (project) OTC: SHMP $135M Market Cap $0M Revenue TTM
Slide 21: Investment Highlights
Investment Highlights Company Financials(2) Blue Star Foods Corporation Macro Factors Accelerating Push Toward Innovation and Sustainability - Seafood 1 ▪ FY-2019 | Revenue Consumption Outpacing Supply and Environmental of $23.8M Safetyof $14.1M | ▪ FY-2020 | Revenue Profitable in H2-2021 (-basis).
Slide 22: Corporate Contact
22 Corporate Contact Blue Star Foods Corporation John Keeler CEO investors@bluestarfoods.com Investors Contact ClearThink nyc@clearthink.capital www.bluestarfoods.com www.facebook.com/BlueStarFoods/ www.linkedin.com/company/bluestarfoods/ www.twitter.com/BlueStarFoodsCo bluestarfoods.com