Slide 1: Q1 2021 Earnings Conference Call
Q1 2021 Earnings Conference Call May 18, 2021 Agrify Corporation Agrify Corporation | www.agrify.com | www.agrify.com | Confidential | Confidential & Proprietary/Not & Proprietary/Not for Redistribution for Redistribution
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. All statements other than statement
Slide 3: Record Financial Results
Record Financial Results Record Quarterly Revenue of $7 Million in Q1 2021 600% 60% $82M Increase in Revenue from Increase in Revenue from In Backlog, a 38% $1M in Q1 2020 $4.4M in Q4 2020 increase from $59M in Q4 2020 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistri
Slide 4: 100% Customer Re-Engagement Success Rate
100% Customer Re-Engagement Success Rate Nevada Holistic $1.2M $10M Original Total Aggregate Post Re-Engagement Total Engagement Value Aggregate Value Expanded mandates leading to >800% increase in aggregate value Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistributio
Slide 5: Customer Production Results
Customer Production Results Consistent Cannabinoid and Candy Cane – 10 Harvest Batches Terpene Levels Across a Cannabinoid Range 0.67% Variety of Strains Terpene Range 0.08% Our client achieved repeated levels Lemon Haze – 12 Harvest Batches of consistency across multiple Cannabinoid Range 0.38% str
Slide 6: Key Client Achievements
Key Client Achievements Recent Client Achievements Whole Sale Cannabis Pricing $3,500 $3,200 Highest Potency 31.1% Level Achieved $3,000 $2,812 $2,722 Price per Pound in Nevada Market $2,500 $2,238 Highest Terpene 5.4% Level Achieved $2,000 $1,500 Average Price Per 25.6% Pound Above State $1,000 Ave
Slide 7: Agrify TTK Solution
Agrify TTK Solution Construction Construction & + 1st Commercial Bud & Mary’s Phase 2 Cultivation Phase 3 Loan Payment Commencement Phase 1 Installation Complete Harvest Installation Installation Complete Month Month Month Month Month Facility operating at full capacity Start 12 ~15 18 24 39 Agrify
Slide 8: Mutually Beneficial Relationship
Mutually Beneficial Relationship $600 - $700 per pound production-based fees depending on the yield • When Bud & Mary’s sells at a price higher than $3,000, Agrify receives proportional upside. • In the event it is under $3,000, Agrify reduces per pound price proportionally, but no less than $500 pe
Slide 9: Research & Development Partnerships
Research & Development Partnerships + LOGO + Manipulating the environment for Combining Nature & Nurture superior results Conducting research on increasing Combining our cutting-edge indoor agricultural concentrations of certain phytochemicals and cultivation solutions with Front Range Biosciences’
Slide 10: Ability to scale for growth
Ability to scale for growth Agrify’s Contract Manufacturer Manufacturing at Scale Location: 11 facilities across North America Currently able to produce 3800 units a year, with capacity to expand upon request Part of Mack Group Founded in 1920, over 2,000 employees, approximately $500M in sales Agri
Slide 11: Financial Summary
Financial Summary Three Months Ended Quarterly Revenue Growth Annual Revenue Growth Mar. 31 Mar. 31 (in $USD 000’s) 2021 2020 $10 $60 $48-50M Total Revenue 7,008 1,013 Forecasted Revenue $9 for FY 2021 $50 Gross Profit (loss) (540) 41 $8 $7.0 $7 Gross Margin (7.7%) 4.0% $40 Revenue (USD $M) Revenue
Slide 12: 2021 Outlook
2021 Outlook Build Relationships with MSOs $48-50M Outreach and dialogue with leading multi-state operators and single-state operators Agrify TTK Solution Support growth and facility expansion of cultivators to become a partner of choice and benefit from 2021 Revenue Forecast Increasing revenue guid
Slide 13: Thank You
Thank You Agrify Corporation Agrify Corporation | www.agrify.com | www.agrify.com | Confidential | Confidential & Proprietary/Not & Proprietary/Not for Redistribution for Redistribution