Enwave Corporation · TSXV:ENW
Enwave — Investor Presentation (July 2014)
22 slides from Enwave's investor presentation, July 2014
Slide 1: July 2014 www.enwave.net | TSX.V: ENW
July 2014 www.enwave.net | TSX.V: ENW
Slide 2: Notice
Notice This presentation contains forward-looking information based on management's expectations, estimates and projections about the future, including statements about EnWave’s strategy for growth, product development, market position, expected expenditures and operational and financial results. Th
Slide 3: Key Management
Key Management Dr. Tim Durance John P.A. Budreski President & CEO Executive Chairman Inventor & company founder, Emeritus Joined EnWave in 2014 Professor Food Science UBC 30+ years of extensive capital markets and Author of 16 EnWave patents granted or executive management experience pending Proven
Slide 4: Company Overview
Company Overview Board of Directors Ticker TSX.V:ENW Share Price (07/14/2014) $1.36 Dr. Gary Sandberg Former long-time employee of Lipton Director Ph.D. in Food Science from UBC Basic Shares Outstanding 84.3 million Mr. Hugh Wiebe President & CEO of Bioplex Nutrition, Ex- Director Chairman of Brooks
Slide 5: EnWave's Superior Technology
EnWave’s Superior Technology Microwave energy applied under vacuum achieves fast dehydration at low temperatures with reduced oxidization Better retention of flavor, biological activity and nutrients Enhanced appearance and improved rehydration potential Key patented discoveries: 1. Methods for dist
Slide 6: Large Diversified Market
Large Diversified Market Potential market for REV™ dehydration as a replacement for freeze, air and spray drying is estimated at $ US400 billion* Primary Market Segments $140B in Collaboration or Testing • Dried Fruit Snacks • Vegetable & Fruit Powders $31 (Puree Substitutes) • Cheese Snacks • Pet F
Slide 7: Technology - Better, Faster, Cheaper
Technology - Better, Faster, Cheaper Incumbent Technologies REV™ Technology Freeze Drying Spray & Air Drying Superior Color, Heat & Oxygen High Better Stronger Flavor, Damages Color, Nutritional Product High Nutritional Flavor, Nutrients Retention Retention & Texture Faster Minutes or Hours Hours or
Slide 8: REV Patented Technologies
REV™ Patented Technologies Platform Functionality nutraREV® Dehydrates pieces of solid food; continuous tumble drying quantaREV™* Dries pastes, gels, liquids, or particulates; continuous high-volume belt drying above (In Development) freezing; tonnage per hour of dried product throughput targeted po
Slide 9: Effective Royalty Business Model
Effective Royalty Business Model REV™ Technology Licensing Joint Partnership (JP) Revenue REV™ Machinery Revenue & Royalty Streams (NutraDried LLP) Focus on Tier 1 brands / Partnership controlled by EnWave REV™ commercial machinery sales manufacturers (51%) to sell healthy dried cheese (or leasing)
Slide 10: Broad Commercialization
Broad Commercialization Meat Fruit Products Products Dehydro- Cheese frozen Snacks Products Herbs & Food Major North American Spices Enzymes Enzyme Company Vegetable Canadian Vegetable Pharma Products and Herb Producer Products 10 www.enwave.net | TSX.V: ENW
Slide 11: Meat Products
Meat Products Commercial license signed in June 2013, in collaboration with Hormel since 2011; focused on dried meat snack products First Tier 1 company to sign a royalty-bearing commercial license for the use of REV™ technology Provides a higher level of validation for EnWave’s core business model
Slide 12: Dehydrofrozen Products
Dehydrofrozen Products Bonduelle signed royalty-bearing commercial license in November 2013 for exclusive right to produce dehydrofrozen vegetables in North America Dominant producer of canned and frozen vegetables in North America and Europe Removal of 15-30% moisture via REV™ technology prior to f
Slide 13: Fruit & Vegetable Products
Fruit & Vegetable Products First commercial-scale machinery sold (75kW nutraREV®) in 2009 to CAL-SAN, a B.C.-based blueberry producer; major technology developments since that time Second commercial licensee, Milne Fruit, is a leading US fruit processor operating since the 1950’s; 118kW MIVAP™ deliv
Slide 14: Herb & Spice Products
Herb & Spice Products Signed royalty-bearing commercial license with Napa Mountain Spice Company (NMSC) in September 2013 Purchase order received for smaller commercial unit; delivered and installed February 2014 Commercial license (5% royalty) and trademark agreements signed with EnWave Brighter co
Slide 15: Enzyme Products
Enzyme Products Enzymes help to break down food and aid digestion Commercial license and equipment service agreement signed with major North American enzyme company Q2 2013, creating new unique opportunity in high growth market EnWave plans to supply up to two commercial-scale powderREV® machines; t
Slide 16: Cheese Products
Cheese Products EnWave (51%) and Lucid Capital (49%) formed Joint Partnership, NutraDried LLP, to produce and sell 100% natural dried cheese snacks in the U.S. market 5% royalty paid to EnWave from NutraDried LLP “Moon Cheese®” product launched into Fred Meyer and QFC stores in the Pacific Northwest
Slide 17: Pharmaceutical Products
Pharmaceutical Products First commercial license signed with Sutro Biopharma in May 2014 to use powderREV® for the dehydration of a cell- free extract for their protein synthesis process Independent testing of single-vial freezeREV™ machine demonstrated the significant reduction in drying times of v
Slide 18: Research Collaboration History
Research Collaboration History(1) R.J. Reynolds (2) (2) Gaylea Nestlé Sun Maid Foods Tier 1 NDH Pharma 2010 2011 Ocean 2012 Cherry 2013 Nuvi 2014 Spray Central Fruits Pacific Grupo Kellogg’s Merck (2) Live Bimbo Campofrio (1) Research collaboration does not guarantee commercial success; commercial s
Slide 19: Machine Sales Pipeline
Machine Sales Pipeline 5 machines in operation, up to 11 additional machines confirmed or anticipated based on successful commercialization efforts from current licensees Several active commercial license negotiations; additional machine orders possible over the next few months # of Near-Term Machin
Slide 20: Moving Forward
Moving Forward Clean and simple management transition Focus on further development, contracting and advancement of existing partners Dedicate resources to broadening the prospect list and signing of new research partners Continue to shift balance from reactive partner development to proactive partne
Slide 21: Investment Highlights
Investment Highlights Disruptive technology Business is based upon building a portfolio of royalties from world class and niche partners Technology combines efficiencies and economics of air and spray drying with functionality of freeze drying in shorter time, at less cost Materially improve
Slide 22: Contact Information
Contact Information John P.A. Budreski Brent Charleton Executive Chairman Vice President, Corporate Affairs Phone: +1 (416) 930-0914 Phone: +1 (778) 378-9616 Email: jbudreski@enwave.net Email: bcharleton@enwave.net 22 www.enwave.net | TSX.V: ENW