Deveron Corp. · OTC:DVRNF
Deveron — Investor Presentation (January 2023)
19 slides from Deveron's investor presentation, January 2023
Slide 1: An Agriculture Data Company
A N A G R I C U L T U R E D A T A C O M P A N Y 0
Slide 2: Forward Looking Statement
TSX-V: FARM Forward Looking Statement This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of Deveron UAS’s securities, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, the facilities or any of t
Slide 3: We help local agriculture achieve excellence by making impartial data accessible and useful
We help local agriculture achieve excellence by making impartial data accessible and useful. TSX-V: FARM 2
Slide 4: The Annual Agronomy Cycle
The Annual Agronomy Cycle Planning Data Collection Lab Analysis Field NX Vera t Your Integrated Solutions Provider
Slide 5: The Current Agricultural Testing Market
The Current Agricultural Testing Market 11% Tested by a Deveron Lab 12M Samples Tested in North America 2021 15% Precision Ag CAGR 4
Slide 6: Industry Tailwinds
Industry Tailwinds ~$3.25B ~$500M 83M Field work and testing market as 12M Field work and lab Samples in TAM if following best practices the market adoption increase Samples tested testing market in in 2021 2021 Annual sample growth Strong EBITDA Trends continue to Customers that has tripled since 2
Slide 7: What Deveron Does
What Deveron Does z Field Services Analysis & Testing Agronomic Insights Enterprise Solutions Soil sampling is important for any farm operation With over 40 years of experience in soil analysis, Deveron’s team of data scientists and Deveron’s end-to-end ecosystem provides as it allows the grower to
Slide 8: The Value of Deveron's Vertical
The Value of Deveron’s Vertical 03 Driving Value For the Grower The foundation of Deveron’s vertical ecosystem is the regional agronomist. Agronomic Insights By utilizing Deveron’s standardized lab science and collection protocols, our regional leaders are able to provide a better recommendation, ut
Slide 9: Our High Gross Margin, and Integrated, Product Offering
Our High Gross Margin, and Integrated, Product Offering 65% 55% 85% ~65% ~75% ~85% Field Services Testing & Insights Enterprise Solutions 8
Slide 10: Our Nationwide Network
Our Nationwide Network Deveron’s network of field services technicans and 5 regional service leaders are trained in multiple 489,000,000 protocols and the ability to service all 500M acres of cropland in the US & Canada Deveron’s network of 4 Lab’s offer standardized output and the 1,200,000 capacit
Slide 11: Our Fly-wheel
TSX-V: FARM Our Fly-wheel Derivative Data Voluntary Carbon Customers Enterprise Institutions Market Deveron Corp Ecosystem Deveron’s D Optimization Logistics Solutions Acquired Labs Product & Tech Acquired Advisors Sti e Service Customer c ky nu Re eve ven yR u e St ick Farm Customer 10
Slide 12: The Consolidation & Network Opportunity
DataAggregation&Scale The agricultural services market is very fragmented with 15,000 crop consultants and 140 independent soil laboratories representing $5B in market value across the continental US. With most being ”Mom & Pop” shops, these companies don’t have the opportunity to aggregate and dist
Slide 13: Our M&A Strategy
TSX-V: FARM Our M&A Strategy 2-5X 25% Low Multiples Growth Opportunity Targeting rural service businesses, Deveron has Integrating acquisitions into Deveron provides been able to acquire these businesses for 2-5X operators 25% of their time back to grow their EBITDA pre-synergies. operation, this ca
Slide 14: Track-Record of Accretive M&A
TSX-V: FARM Track-Record of Accretive M&A Agronomic Better Harvest Woods End Farm Dog Tana Ag Stealth Ag Agri-Labs A&L Frontier Labs Solutions Completed To Yes Yes Yes Yes Yes Yes Yes Yes Yes Date Pre- Acquisition $235,000 $26,000,000 2,100,000 $656,231 $2,263,500 $330,718 $888,153 $1,946,150 $849,7
Slide 15: Acquisition Pipeline
Large Acquisition TAM: ~ $5B in North America Acquisition Pipeline Deveron Market Share Total Market Annual Revenue # of Deals Timeline Contribution Near Term 4 ~$16M ~12 Months Medium | Long Term 10 ~$35M ~24 Months 14
Slide 16: Our Organic Growth Strategy is Working
TSX-V:FARM Our Organic Growth Strategy is Working Carbon & Derivatives Leveraging Deveron’s network of soil Deveron continues to create new digital products to scale our business, increase revenue per acre and technicians Deveron provide single chain of help our acquired companies grow. Deveron’s pr
Slide 17: Financial Info
Revenue YoY in Millions $40 TSX-V:FARM Financial Info Millions $35 $30 $25 $20 $15 $10 $5 $- Fam Clients $(5) 25,000 $(10) 2017 2018 2019 2020 2021 2021 Combined Pro Forma Gross Revenue EBITDA Revenue Split* Revenue By Country* Revenue Growth YoY 110% 200% Compounded Annual Revenue Growth 2021 Reven
Slide 18: Capital Structure & Leadership
OurTeam David MacMillan, Mr. MacMillan brings experience in entrepreneurship, financial management, capital markets, and M&A. His experience as a public capital markets President & CEO professional and entrepreneur includes having raised over $60 MM in debt and equity financing for TSXV listed compa
Slide 19: Key Themes
Key Themes Old World Industry with Multiple Opportunities to Disrupt the Value Chain $5B Consolidation Opportunity of Highly Fragmented EBITDA Positive Businesses Strong Momentum in Agricultural Carbon. $7M in Contracted Revenue Get In Touch Address Email Web 1702 -141 Adelaide St. dmacmillan@devero