Above Food Ingredients Inc. · NASDAQ:ABVE
Above Food Ingredients — Investor Presentation (September 2024)
21 slides from Above Food Ingredients's investor presentation, Sep 11, 2024
Slide 1: The Regenerative Ingredient Company
Investor Presentation NASDAQ: ABVE SEPTEMBER 2024 © 2024 Above Food Corp. The Regenerative Ingredient Company Breaking Boundaries & Disrupting Tradition
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This Presentation includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “p
Slide 3: A Market Disruptor: Leading the Future of Sustainable and Regenerative Agriculture
A Market Disruptor: Leading the Future of Sustainable and Regenerative Agriculture Capitalizing on Macro Forces Positioned to leverage global trends in sustainability and transparent food production. Innovative Practices at Scale Diferentiated platform built on regenerative agriculture, ingredient p
Slide 4: Proven Leadership Across the Value Chain
Proven Leadership Across the Value Chain LIONEL KAMBEITZ CO-FOUNDER • CEO EXECUTIVE CHAIRMAN 35 years executive experience in Production Agriculture, Ag-Tech Manufacturing, Energy, Innovative Design, and Inventions. 5th generation farming family. Real people who know how to produce real food. JASON
Slide 5: Securing the Future of Food with Climate-Resilient, Sustainable, and Transparent Practices
Securing the Future of Food with Climate-Resilient, Sustainable, and Transparent Practices: Above Food is Well Positioned to Take Advantage of Macro Tailwinds Food Insecurity ~800M people still go hungry, with this number only increasing Supply Chain Disruptions ~25M tons of grain were stuck in port
Slide 6: $200B+ Opportunity
$200B+ Opportunity Sizable, Global Addressable Market Established market expected to grow across categories $58B Whole Grains 7% CAGR 2022-2026 $59B Plant-Based Snacking 9% CAGR 2022-2026 $26B Plant-Based Pet Food 9% CAGR 2022-2032 $15B Plant Protein Ingredients 7% CAGR 2020-2027 $70B Plant-Based Da
Slide 7: Above Food is a $273M Differentiated Food Ingredient and Consumer Product Company
Above Food is a $273M USD (FY 2024 revenue), Diferentiated Food Ingredient and Consumer Product Company with Hard Assets, Global Distribution, and 30% Asset Utilization Disruptive Ag Agronomy & Origination Specialty Ingredients Optical Sorting, Sizing & Milling Private Label CPG Manufacturing 9 MANU
Slide 8: Purpose Built Hard Assets with Operating Leverage
Purpose Built Hard Assets with Operating Leverage Favorable geographic locations for quality grains Regenerative production IP better positions us for large scale farming partnerships 21,000 ft of rail spur for greater control and storage of fleet Utilizing 300+ railcars for point-to-delivery surety
Slide 9: Our Regenerative Value Chain Starts with Soil, Seed and Trait
Our Regenerative Value Chain Starts with Soil, Seed and Trait Genetic Optimization ● Soil Nutrient Analysis Driving Fertility Reduction ● Plant Tissue Analysis ● Soil Genomic Analysis ● Biomass Index Count ● Microbiological Count ● Seed Nutrient Density Analysis ● Bio-Marking/Genetic Fingerprinting
Slide 10: Trait Genetic Capability
Trait Genetic Capability Our technology is capable of driving customized genetic traits in each of the crop types above that we believe will increase customer retention, expand our gross margins, and introduce recurring seed royalty revenues. Wheat Canola Durum Corn Peas Chickpeas Quinoa Oats Custom
Slide 11: Advanced Food Technology Platforms Drive Differentiation
Advanced Food Technology Platforms Drive Diferentiation DRY FERMENTATION 3D BIOPRINTING Seed-to-fork lot tracing for improved food safety and increased transparency Improving nutrient density and reducing food waste through fermentation technologies Improving texture and consistency with cutting edg
Slide 12: Specialty Ingredient Production Technologies Enable Margin Expansion
Specialty Ingredient Production Technologies Enable Margin Expansion GF MILLING RETORT PROCESSING HYDRO MILLING OPTICAL SORTING & SIZING Oat Beverage Ingredient Hydrolyzation Preparation Formulating & Blending Gluten Free & Precision Milling Optical Color Sorting and Sizing Thermal ‘Retort’ Processi
Slide 13: Sophisticated Commercial Capabilities
Sophisticated Commercial Capabilities Global Distribution of Ingredients & Consumer Products Cost Efective Private Label Manufacturing and Distribution 10 Discreet Food Safety & Food Production Certifications 13
Slide 14: Private Label & White Label Manufacturing
Private Label & White Label Manufacturing, Facilitated in Part Through Diferentiated Brands Ready Meals Platform Specialty Grains & Snacks Platform Six owned manufacturing platforms and 120 unique product formulations. 14
Slide 15: Above Food Platform Advantages
Above Food Platform Advantages Vertically integrated innovation platform drives superior products and business model Vertically Integrated Seed-to-Fork Traceability Physical Assets in Place for Supply Certainty & Chain of Custody Regenerative Supply Chain Proprietary Food Technology Creating Optimiz
Slide 16: Operating leverage to enable margin expansion
Operating leverage to enable margin expansion Core assets capable of delivering ~$785M in revenue with maintenance CapEx only Shift of revenue mix to higher value, higher margin business segments and product platforms Rapidly Growing Business to Support Significant Operating Leverage Good visibility
Slide 17: Above Food Growth Algorithm
Above Food Growth Algorithm Organic Growth Revenue Significant opportunity to generate operating leverage with greater utilization (currently operating at ~30% utilization) Stable supply of inputs from large scale growers Forward contracting with largest customers Inorganic Growth Robust M&A pipelin
Slide 18: Investment Highlights
Investment Highlights Seed-to-Fork platform presents barriers to entry and enables greater control of margins and the supply chain Pioneer in regenerative farming techniques Macro tailwinds driving sizable and growing total addressable market Owned manufacturing for consumer products drives private
Slide 19: Get in Touch
19 Martin Williams Martin@abovefood.com © 2024 Above Food Corp. The Regenerative Ingredient Company Get in Touch 19
Slide 20: Appendix
Appendix 20
Slide 21: Targeted Genetic Traits Improvement
Targeted Genetic Traits Improvement Million Acres Planted PEAS CHICKPEAS DURUM CORN WHEAT CANOLA Targeted Trait Improvement Higher fractionate protein & reduced beany taste Decreased fat to improve milling process Reduced milling costs & increase protein functionality Reduced milling costs to increa
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