Angelist ppt 10 1-13 mission

Corporate Presentation

Asta Ltd.. CONFIDENTIAL

Asta Ltd.

Asta Ltd. A Northwest Food Biotechnology Company

“Providing Protein and Nutrients for Life…”™



Asta Ltd.

Our Mission:

Develop and adopt innovative technologies and cost-effective processes to transform underutilized or non-marketable raw materials into high-value nutrients for use all along the human food chain.



Asta Ltd.

• Asta owns a patented, proprietary “continuous enzymatic hydrolysis” process

• Transforms a vast stream of underutilized fish and other sources of materials into a high valued Pasteurized Protein Powder (PPP)

• Other products omega-3 oil, calcium phosphate, chondroitin

• Allows us to sell into five multibillion dollar markets

• Gives us exceptional revenue and profit potential

• Ready to begin commercial operations

Corporate Overview



Asta Ltd.

The Opportunity

• Proteins are essential molecules – woven into the fabric of life

• World pop increasing @ 75 million per year

• By 2030, 1.13 B people will have joined the middle class

• 233 MMT more of animal protein & 466 MMT more of milk will be required by 2050

• Doubling of global food demand by 2050



Asta Ltd.

The Root Problem

• While population is increasing, the global supply of traditional protein is largely tapped out

• Asta helps solve the problem by making new sources of high-quality, high-value protein available for future generations

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&docid=XX1QqESb2fCRvM&tbnid=X95PpZbBP3-4xM:&ved=0CAUQjRw&url=http://www.colourbox.com/image/medicinal-plant-the-root-of-elecampane-image-4530428&ei=GckKUsmEC-S0iQLfj4GYBw&bvm=bv.50723672,d.cGE&psig=AFQjCNGfVRBoA3M4w7Co6w5QZPOm4WxbTw&ust=1376524906040363



Asta Ltd.

Asta’s Strengths • Our protein product is unique, has a high value, and

is desirable for many different markets • Provides complete animal protein • High bioavailability & high feed conversion rates • Stable, long shelf life

• The production process is highly efficient • Low COGS • Other value added products produced simultaneously

from the same material and process

• We can utilize a wide variety of sustainable raw materials

http://inside.intel.com/consumer/media/StoryDetail.action?submissionId=24



Asta Ltd.

Raw Material Sources • Abundant, under-utilized marine species

• “Fish in the Round” • Huge biomasses available

• Over 860,000 MTs available in the NE Pacific alone

• Can be harvested responsibly and sustainably

• Residuals from seafood processing • 100 MMT globally • Alaska has over 1 million MT (887K MT unused)

• Terrestrial animal residuals

Readily available



Asta Ltd.

Asta

Human Nutrition

$51B*

Aquaculture Feed $35B

Companion Pet Nutrition

$58.6B

Organic Fertilizer

$1.5B

Animal Feed $15.1B

Our Markets

Over $145B

*Including protein and

nutraceutical products



Asta Ltd.

Aquaculture

• $35 billion fish feed market • 50% of all fish consumed globally is now farmed

• Fish meal the historical feed of choice • 6 million tons uses globally each year

• Production has leveled, and its cost is rising

• Feed trials have shown that PPP is substantially better than fish meal for growing salmon



Asta Ltd.

Companion Pet Food Market

• $58.6 billion in 2011 -> $74.8 billion in 2017

• CAGR of 4.2% - 2011 to 2017)

• 2012 America spent $20.64B for pet food

• Europe • the second largest consumer of pet foods

• expected to grow at a CAGR of 4.4% from 2011 to 2017

• Transparency Market Research “Pet Food Market – Global Industry Size, Market Share, Trends, Analysis and

Forecast, 2011 - 2017,” http://www.prweb.com/releases/2013/7/prweb10901035.htm

• American Pet Products Association: Food total is based on PFI research consultant Davenport Co, BCC, Inc plus Packaged Facts U.S. Pet Market Outlook 2011-2012, and IBISWorld 2012 Pet Food Analysis, Dillon Media February, 2012 trends report and Fountain Agricounsel 2011 - 2012 Situation Analysis Report, BCC 2011 Report on Pet Care Products and Services



Asta Ltd.

US Animal Feed Market

• $32 Billion market

• 3.7% annual growth rate

• Cattle, chicken and hogs all require substantial amounts of protein

• Feed costs are rising as a result

IBISWorld: Farm Animal Feed Production in the US: Market Research Report, Dec 2012



Asta Ltd.

U.S. Operating Cost Shares for Livestock and Poultry Production Activities

Feed cost comprises 50-80% of cash operating expenses of producers

Product Feed Cost Other Cost Total Cost

Milk 76.9% 23.1% 100%

Cow/ Calf 69.5% 30.5% 100%

Hogs: Alll 55.4% 44.6% 100%

Hogs: Farrow to Finish 84.1% 14.9% 100%

Hogs: Feeder to Finish 53.5% 47.5% 100%

Poultry 70% 30% 100%



Asta Ltd.

Direct Human Nutrition

• $10 billion global opportunity • Applications include food ingredients, nutritional supplements,

clinical nutrition, food aid and more

• PPP compares favorably with whey, soy isolates/concentrates, and other key protein sources

• Omega-3 oils and components of bone or cartilage can also be concentrated and refined for direct human use



Asta Ltd.

Market Fit Human

$51B

Aquaculture

$35B

Pet Nutrition

$59B

Animal Feed

$15.4B

Organic Fertilizer

$1.5B

PPP ✔ ✔ ✔ ✔ ✔ Fish

Meal X ✔ ✔ ✔ X

Soy

Iso/Conc ✔ X X X X

Whey

Iso/Conc ✔ X X X X

Asta’s PPP Is

Unusually

Versatile



Asta Ltd.

Co-Products of PPP Production

• Omega -3 Oil • Packaged products: $34.7 billion in 2016,

CAGR of 6.4% from 2011

• Fish Oil is expected to grow to $1.7B by 2018 a CAGR of 4.2%

• Bone Meal (Calcium Phosphate)

• Chondroitin

http://guiadasvitaminas.blogspot.com/2013_02_01_archive.html

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&docid=igSy8kWw0aGt5M&tbnid=a7mmDeBDUap9XM:&ved=0CAUQjRw&url=http://stores.gardenvarietyorganics.com/-strse-470/Hi-dsh-Yield-Bone-Meal--dsh-/Detail.bok&ei=PScJUuSVIqjDiwLphIHIBQ&bvm=bv.50500085,d.cGE&psig=AFQjCNEV0a2Cl4ufqu6ZLIyb9vZJbEcp1Q&ust=1376417830835425



Asta Ltd.

Intellectual Property • Patents

• 1 Patent Issued • 6 Additional Patents To Be Filed After Funding

• Trade Secrets - • Covers the Continuous Enzymatic Hydrolysis Process • Drying: Liquid Hydrolysate -> Powder • Corporate Leaders/Advisors Possess 100+ Years of

Experience

• Trademark • “Providing Protein and Nutrients for Life…”™

Asta’s IP Estate



Asta Ltd.

Financials Projected Income Statement

2014 2015 2016 2017 2018

Revenue $0 $6.4 $25.3 $51.9 $102.6

GM$ ($.92) $3.7 $14.8 $34.0 $70.4

Op Ex $2.8 $7.4 $11.1 $18.3 $24.4

EBITDA ($2.9) ($3.7) $3.6 $15.7 $46.0

Taxes $0 $0 $1.2 $5.4 $15.6

Net Inc ($2.9) ($3.7) $2.4 $10.5 $30.4

$ M

illio

ns



Asta Ltd.

• Dennis B. Hurt – President & CEO

• Jeffrey L. Robins – COO

• Douglas Perednia, MD – VP, Business Development and Nutrition Applications

• Roger W. Law – CTO Board of Advisors

• Jerry K Babbitt, PhD., ret. Director of NMFS Research Labs., Kodiak, Alaska

• Dr. Roy Chapin, PhD., Animal Nutrition, Cornell, USAID

Over 60 years of senior

management experience in life

science & high tech

35 years of P&L responsibility

The Asta Team

Executive Leadership



Asta Ltd.

Market Approach – Short Term

• Launch PPP as Asta’s flagship product

• Position as a unique new type of protein

• Sell as an ingredient • Target a wide range of products

• Minimizes distribution costs

• Sell Omega-3 oil and bone meal in bulk

http://www2.kusports.com/photos/galleries/2005/apr/23/2005_kansas_relays_saturday_events/



Asta Ltd.

Market Approach – Mid-Term

• Sell both as an OEM and under Asta’s own brand name

• Modify PPP production process to fit specific client applications

• Expand the brand -> new uses, new customers

• Sell in wider range of products • Increase revenue • Higher gross margins • ...but higher distribution cost

http://dailyemerald.com/2013/06/01/photos-records-fall-at-second-day-of-prefontaine-classic/



Asta Ltd.

Market Approach – Long Term

• Fulfill our mission of producing new, sustainable sources of protein and nutrients

• Goal: to become a global leader in supplying protein and other nutrients for use all along the human food chain

http://www.dailymaverick.co.za/article/2013-04-21-big-crowds-black-ribbons-for-boston-at-london-marathon/



Asta Ltd.

Thank You!

Asta Ltd. “ Providing Protein and Nutrients for

Life…”™

Contact Dennis Hurt [email protected]

Angelist ppt 10 1-13 mission

Technology

confidential asta

corporate presentation

asta human nutrition

b animal feed

fish feed market

companion pet food market

us animal feed market

pet food analysis