1. Turning Levulinic Acid’s Potential as a
Biobased Building Block into Reality
December 17, 2013
RENEW. REINVENT. SUSTAIN. CHANGE THE WORLD.™

2. Renew
We believe that biobased materials are a viable
alternative to petrochemicals and contribute to
improving quality of life
Reinvent
Our disruptive technology
will turn Levulinic Acid’s
potential as a Biobased
Building Block into reality
Sustain
Supporting sustainable
lifestyles by transforming
Levulinic Acid into high
performance materials
reducing toxicity, air and
environmental impact
TM
Renew.Reinvent.Sustain.Change the WorldTM
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3. Ingredients for Success
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Breakthrough Levulinic Acid & Derivatives Technology
Added value for Minnesota’s renewable resources
30 employees with 5 year track record of achievement
Intellectual Property portfolio for long-term advantage
>$50bn addressable market opportunity
Safe products provide compelling value proposition
3 years of repeat seed sales to strategic customers
Over 50 active customer relationships
Cash flow positive within 2 years of plant start-up
Minnesota State and Segetis Make a Great Team
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4. Savvy Investors
Segetis has been backed by Venture Capital, Strategic and
Private Equity Investors since its founding in 2006
Diverse mix of global investors
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5. “Target, Wal-Mart, Whole Foods lead retail race to safer chemicals”*
Method
Detergent
Segetis Formulation Aids:
In Target stores today
Seventh
Generation
Cleaners
Method
Dishwash
*Mark Rossi, November 18, 2013
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6. Segetis Plasticizer – Already in Market
Facility
Manager
Biobased PVC
Compound
Biobased
flex PVC
product
offering
Wall and Door
Products
Preferred
Procurement
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7. Establishing Levulinic Acid as a Biobased Building Block
Sugar
Levulinic
Acid (LA)
Cellulosic Biomass
Diverse, renewable
feedstocks
Segetis
Bio-based PVC
Plasticizer and
Formulation
Aids
Bio-based
Plastics
Thermochemical
conversion
>$50bn
markets
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8. Added Value for Minnesota’s Renewable Resources
Levulinic Acid Feedstock Options
Corn Sugar
Beet Sugar
Cellulosic Sugar
(from wood)
Biomass Capacity


Supply Chain

Pilot
LA Conversion
Validated

In development
Lower Cost – opens more markets
Segetis Confidential Information
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9. Getting Started: First Plant in Minnesota
• First-of-its-Kind Levulinic Acid and Derivatives production
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Locate in the Iron Range Region
Source corn syrup from ADM in Marshall, MN
Start-up end of 2015
Innovative technology to diversify Iron Range Region economy
• Project Cost Estimated at $92MM:
– Capital $62MM – LA (22MM lb/yr) + Plasticizer (35MM lb/yr)
– Process Development, Market Development and Registration
$30MM
• Provide economics and scale required to drive initial market
adoption in strategic market segments
• Next step toward market driven global rollout with
conventional project financing
Segetis Confidential Information
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10. Impact on Minnesota Economy
Benefit
First Plant
Next Generation Expansion
Sales
$50MM
$325MM
Capital Investment
$62MM
$180MM
Corn Consumption
88MM lbs/yr
N/A
Wood Consumption
N/A
900MM lbs/yr
282MM lbs/yr
1.6MM lbs/yr
80
180
300 Person yrs
450 Person yrs
400
900
Green House Gas Reduction
Direct Jobs
Construction Jobs
Indirect Jobs
Segetis Confidential Information
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11. >$50bn Addressable Market Opportunity
Plasticizers
Plasticizers
$14bn
$14bn
PVC &
PVC &
biopolymers
biopolymers
Segetis Biobased
Specialty Chemicals
Agrochemical
Agrochemical
formulations
formulations
$3.5bn
$3.5bn
Polyester &
Polyester &
Polyurethane
Polyurethane
Intermediates
Intermediates
$7bn
$7bn
Polycarbonate
Polycarbonate
Co-Monomer
Co-Monomer
$2bn
$2bn
Household
Household
& Industrial
& Industrial
Cleaners
Cleaners
$2.5bn
$2.5bn
Bio-based acrylate
Bio-based acrylate
polymers
polymers
$5bn
$5bn
Levulinic Acid (LA)
Levulinic Acid (LA)
Biobased
Intermediate
Chemicals
Nylon Intermediates
Nylon Intermediates
$8bn
$8bn
Other LA Derivatives
Other LA Derivatives
$5bn
$5bn
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12. Segetis Financial Success
First Plant
Next Generation Expansion
(2015)
(2019)
Sales
$50MM
$325MM
Capital Investment
$62MM
$180MM
30%
40%
$5MM (10%)
$60MM (18.5%)
2 yrs from Start-up
1 yr from Start-up
Project Financing not
Available for 1st of its kind
Conventional Project
Financing
Metrics
Gross Margin
EBIDTA
Cash-Flow +
Funding Driver
Segetis Confidential Information
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