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

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

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

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
$Millions

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

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

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

Asta Ltd.
Thank You!
Asta Ltd.
“ Providing Protein and Nutrients for
Life…”™
Contact Dennis Hurt dennis@astaltd.com

Angelist ppt 10 1-13 mission

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