Slide 1: Q2 2021 Earnings Conference Call
Q2 2021 Earnings Conference Call | August 12, 2021 1
Slide 2: Important Notices and Disclaimers
IMPORTANT NOTICES AND DISCLAIMERS This presentation contains forward-looking statements within our business, financial condition and operating results. These future performance of the industries in which we operate that the meaning of Section 27A of the Securities Act of 1933, as and other risks and
Slide 3: Record Financial Results
Record Financial Results Quarterly Revenue of $11.8 Million and Bookings of $30.7 Million in Q2 2021 203% 69% $101M Increase in revenue Increase in revenue from In backlog, a 23% increase from $3.9M in Q2 2020 $7.0M in Q1 2021 from $82M in Q1 2021 3 Agrify Corporation / Confidential & Proprietary
Slide 4: Vertical Farming Unit (VFU) Version 3.6
Vertical Farming Unit (VFU) Version 3.6 Improved performance Refined microclimate controls New functionality Enhancements include: • Upgraded air rail • Multi-stage dehumidification system • Independent humidification • Stronger VFU support frame structure • New filtration system to mitigate biosecu
Slide 5: True House Cannabis: 159 VFUs, $45 million
True House Cannabis A mutually beneficial relationship 159 VFUs $45 million to be installed at 22,000 ft2 facility in in expected revenue over Haverhill, Massachusetts the next 10 years Scope of partnership includes: • Fixed recurring SaaS revenue of approximately $500,000 per year • Production-base
Slide 6: Agrify Customer Successes
Agrify Customer Successes • 10 of the top 10 largest Agrify client VFU yields have been achieved since March • The top 10 largest yields were comprised of 9 different strains • Greatest VFU yield per square foot increased by 15% to 71g/ft2 Vanilla Cream Pie Consistency Across 8 Harvest Batches Over
Slide 7: Financial Summary
Financial Summary Quarterly Revenue Growth Annual Revenue Growth $11.8 $60 Three Months Ended Six Months Ended $12 $48-$50M June 30 June 30 Forecasted Revenue for FY 2021 (in $USD 000’s) 2021 2020 2021 2020 $10 $50 Total Revenue 11,825 3,908 18,833 4,921 Gross Profit (loss) 527 1,018 (13) 1,059 $8 $
Slide 8: Future TTK Opportunities
Future TTK Opportunities Approximate State # of VFUs Arizona 400 California 160 MA MI Florida 500 NJ NV Massachusetts 1,600 CA Michigan 110 OK AZ New Jersey 120 Nevada 300 FL Oklahoma 700 8 Agrify Corporation / Confidential & Proprietary
Slide 9: Thank You
Thank You 9 Agrify Corporation / Confidential & Proprietary