Slide 1: Q3 2021 Earnings Call | November 10, 2021
Q3 2021 Earnings Call | November 10, 2021 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistribution
Slide 2: Important Notices and Disclaimers
Important Notices and Disclaimers This presentation contains forward-looking statements disclosed in the forward-looking statements we make. statistical data published, by independent parties and within the meaning of Section 27A of the Securities Act We have based these forward-looking statements b
Slide 3: Q3 Results and Highlights
ye AGRIFY’ Q3 Results and Highlights
Slide 4: Q3 Financial Results
Q3 Financial Results Record Quarterly Revenue $15.8 Million Record Bookings $32.2 Million 460% 33% $118M Annual Revenue QoQ Revenue Total Backlog Growth Growth 4 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistribution
Slide 5: Q3 Highlights
Q3 Highlights Signed TTK Partnership Agreement with True House Cannabis • 214 VFUs • $73M expected revenue over the next 10 years Multi-Year R&D With Curaleaf • First MSO partnership Expanded Engagement with WhiteCloud • Shipped 114 3.6 VFUs for phase 2 expansion Obtained Hemp License and Opened New
Slide 6: Customer Success, Horticulture and R&D
Customer Success, Horticulture and R&D
Slide 7: VFU Yields: Sizable Improvement
VFU Yields: Sizable Improvement Yield Advancement • Increased by 50%, to 99 grams per sq. ft. in 3 months • 594 grams per sq. ft. per crop cycle, (or 2,970 grams per sq. ft. per year), when triple-stacked 7 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistribution
Slide 8: VFU Produced Flower Consistency
VFU Produced Flower Consistency Strain: Notorious THC • Less than 1% variation (19.68% to 20.62%) in 5 most recent batches 8 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistribution
Slide 9: Vertical Farming Unit (VFU) Version 3.7 Upgrades
Vertical Farming Unit (VFU) Version 3.7 Upgrades • Best-in-class spectrum adjustable lights, NSF-certified, 3.0 micro-moles per Joule • Camera with visual AI • Heat sanitation mode • Soil and moisture sensor • RFID automated harvest data capture system 9 Agrify Corporation | www.agrify.com | Confide
Slide 10: Financial Summary
ww | Financial Summary , AGRIFY’
Slide 11: Financial Summary
Financial Summary Three Months Ended Nine Months Ended Quarterly Revenue Growth Annual Revenue Growth September 30 September 30 $15.8 (in $USD 000’s) 2021 2020 2021 2020 $15 $60 Total Revenue 15,751 2,813 34,584 7,734 $60M-$62M Forecasted Revenue $11.8 $50 for FY 2021 Gross Profit (loss) (380) (199)
Slide 12: Q4 Highlights and 2021 Outlook
Q4 Highlights and 2021 Outlook
Slide 13: Q4 Highlights
Q4 Highlights Acquisition of Precision Extraction Solutions and Cascade Sciences • Most vertically integrated total solutions provider in the cannabis and hemp market First Deal in Arizona Announced with Olive El Mirage • 400 VFUs TTK Partnership Agreement Signed with Kief USA • 485 VFUs • Expected
Slide 14: 2021 Outlook
2021 Outlook Bookings and Revenue Expected to Hit New Record Highs in Q4 2021 $26M- $60M- $100M $28M $62M Expected Bookings Expected Revenue Increased Guidance in Q4 2021 in Q4 2021 from $48M-$50M 14 Agrify Corporation | www.agrify.com | Confidential & Proprietary/Not for Redistribution
Slide 15: Thank You
AGRIFY Thank You