Aquabounty Technologies, Inc. · NASDAQ:AQB
Aquabounty Technologies — Investor Presentation (September 2021)
26 slides from Aquabounty Technologies's investor presentation, Sep 10, 2021
Slide 1: AquaBounty Investor Presentation
AquaBounty INVESTOR PRESENTATION AquaBounty Technologies, Inc. NASDAQ: AQB September 202 1
Slide 2: Forward-Looking Statements Safe Harbor Statement
Forward-Looking Statements Safe Harbor Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical f
Slide 3: Company And Market Overview
Company And Market Overview 3
Slide 4: AquaBounty: Leaders in Aquaculture and Biotechnology
AquaBounty: Leaders in Aquaculture and Biotechnology Company Profile Headquarters: Maynard, MA Total Employees: 88 RAS Farms: Albany, Indiana and Prince Edward Island, Canada Pioneers in on-land aquaculture, using proprietary technology to deliver game changing solutions to global problems Committed
Slide 5: Investment Highlights
Investment Highlights Proprietary salmon genetics utilized to create the first of its kind, genetically engineered animal approved for consumption by FDA and Health Canada – AquAdvantage Salmon (“AAS”)³ $17 billion 1 global salmon market driven by a massive supply-demand imbalance and increasing nee
Slide 6: Experienced Management Team
Experienced Management Team Sylvia Wulf President and CEO Ms. Wulf has a reputation as a proven leader and accomplished executive driving both growth and improved performance. Her diverse career encompasses executive level positions in General Management, Sales, Marketing and M&A in a variety of ind
Slide 7: Population Growth Creates Need for New Solutions
Population Growth Creates Need for New Solutions Global population projected at 9 billion people by 2050 – 26% growth in 30 years1, with a growing middle class driving increased protein demand Bullet on protein growth needed – aquaculture doubling from previous deck 90%+ of world's fisheries are ful
Slide 8: Atlantic Salmon – Large Market With Inefficient Supply Chain
Atlantic Salmon – Large Market With Inefficient Supply Chain Land-Based RAS Farming Has Potential to Disrupt The Industry 3-6 Days 5-8 Days NORTH AMERICA kt Harvest 143 Market 527 NORWAY, FAROE IS. kt ICELAND Harvest 1,300 Market 45 EU kt Harvest 180 Market 1,012 LATIN AMERICA kt Harvest 621 Market
Slide 9: Atlantic Salmon Competitive Landscape
Atlantic Salmon Competitive Landscape Salmon farming competition is primarily in sea cages and to a lesser extent land-based farming Growing momentum in land-based salmon farming projects has the potential to further disrupt the industry Growth in Land-Based Salmon Farming Volume plans identified in
Slide 10: AquaBounty is Well Poised to Take Advantage of Fragmented State of Aquaculture
AquaBounty is Well Poised to Take Advantage of Fragmented State of Aquaculture Market fragmentation plus favorable industry tailwinds ideally position AquaBountay to take market share Aquaculture now supplies the majority of the fish we consume Enormous growth potential in land-based farming with sh
Slide 11: State of The Current Business
State of The Current Business
Slide 12: We Have Reached a Key Inflection Point in Commercialization
We Have Reached a Key Inflection Point in Commercialization Scaling the Business Made strong strides against our long-term plans to scale commercial production and expand production capacity. Announced Pioneer, OH as location for Farm 3 and expect to begin construction in Q4 2021 Ramping Production
Slide 13: KPI's Meeting Expectations
KPI’s Meeting Expectations AquAdvantage Salmon show growth rates on or above target and feed Conversion Rate results are meeting goals Continuously improving KPIs and delivering solid results with a less than optimal farm design or latest technology Cost and performance improvement is on-going throu
Slide 14: AquAdvantage Salmon: Better for the Environment. More for Consumers.
AquAdvantage Salmon: Better for the Environment. More for Consumers. Enhanced Benefits of Controlled Operations Compared To Sea-Cage Farming Faster Growth Critical during most vulnerable stages of fish lifecycle Less Feed Used 25% improvement in Feed Conversion Rate (FCR)1 Biosecurity Designed to pr
Slide 15: Driving Growth & Expansion
Driving.Growth & Expansion
Slide 16: Farm Expansion Plans Proceeding
Farm 3 Expansion Plans Proceeding Key Achievements Completed basis of design and have issued request for proposals on construction of Farm 3 for our large-scale, 10,000 metric ton farm Selected Pioneer, OH, as the site for Farm 3 from an initial pool of approximately 230 sites Evaluation criteria in
Slide 17: AquaBounty Has Selected Pioneer, Ohio
AquaBounty Has Selected Pioneer, Ohio Preliminary Rendition of Pioneer Farm Site Overview Estimated Square Footage: 479,000 sqft Expected to create 100+ jobs Expected Construction Start Date: Q4 2021 Next Steps Finalize economic and tax incentives Complete real estate purchase Select engineering/con
Slide 18: Continued Global Expansion
Continued Global Expansion North America Continued expansion in U.S. and Canada with potential for 3-5 farms by 2025 International Conversations continue with expansion partners in South America, Asia & the Middle East Targeting high volume/strategic Net Import markets to include: China: 198,000 mt
Slide 19: Optimizing Current Technology While Innovating for the Future
Optimizing Current Technology While Innovating for the Future Biotechnology leader providing molecular solutions that address problems & opportunities for the global aquaculture industry World Class operator of land-based Recirculating Aquaculture Systems Committed to the excellent husbandry and nut
Slide 20: A Combination of Organic and Inorganic Opportunities Optimize Growth Portfolio
A Combination of Organic and Inorganic Opportunities Optimize Growth Portfolio Our focus is primarily on organic growth with a small portion dedicated towards inorganic growth opportunities PRIMARY Organic Growth Egg Production Expanding production opportunity based on market demand Leverages curren
Slide 21: Key Financial Metrics
Key Financial Metrics
Slide 22: AquAdvantage Salmon Economics vs. Conventional Salmon
AquAdvantage Salmon Economics vs. Conventional Salmon EBITDA Conventional 18 vs 26 mo’s Feed is the largest variable production cost 2X Farm EBITDA $¹ 70% Production Advantage AquAdvantage AquAdvantage Salmon in land-based RAS EBITDA Faster growth to harvest accelerates returns on investment in farm
Slide 23: Farm Expected to Generate Industry-Leading Economics
Farm 3 Expected to Generate Industry-Leading Economics1 AquAdvantage Profitable at Commodity Pricing Precision farming in conjunction with our technical expertise ensure consistency in supply and cost Biosecurity – protects from exposure to disease and parasites 100% grown, harvested and processed c
Slide 24: 2021 Financial Update Capitalization
2021 Financial Update Capitalization Cash, Marketable Securities and Restricted Cash (as of June 30, 2021, $ in thousands ) $204,539 Debt (as of June 30, 2021, $ in thousands ) ACOA AIF Grant, 0% Interest $2,316 ACOA Term Loan, 0% Interest, Matures February 202 7 $171 ACOA Term Loan, 0% Interest, Ma
Slide 25: Current and Long-Term Growth Targets
Current and Long-Term Growth Targets1 Performance Metrics Production output growth target = 50,000 mt by 2030 Assumes 4 to 5 new farms Targeting 20% – 40% in non-dilutive financing sources (ex: debt) Contribution margin % per farm of 23% Payback period of 8 years per farm Projected Production Output
Slide 26: Let's Have a Conversation
Let’s Have a Conversation AquaBounty uses next-generation land-based aquaculture and gene-editing technology that supports ocean conservation and provides consumers with regional access to nutritious, fresh and affordable salmon with no added antibiotics. Investor Relations Greg Falesnik Managing Di
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