We are Future Friendly Farm LEADERS OF VERTICAL FARMING IN POLAND Our goal is to improve food security in Europe. We are locally known as a brand Listny Cud (Leafy Miracle) ‘If you want to feed the world in 2050, then in the next 40 years, we need to produce the same amount of food as we did over the last 8,000 years’ Ernst van den Ende, the Managing Director of Plant Sciences at Wageningen University in the Netherlands The global food production system is broken Climate change affects crop yields Supply chain disruptions slows the distribution down Freshwater shortages currently 70% of freshwater is used by the agriculture sector Food is becoming less nutritious despite increased yields per sqm overall decrease in mineral content in the last 40 years is 20-30% Food import generates tons of CO2 in 2021 EU imported 138 million tonnes of food Sources: all links are on the last slide Luckily, there’s Vertical Farming: Growing food in a closed, controlled environment means: Increased crops efficiency (by at least 50 times) Ecological approach - 0 pesticides Local production & availability 365 days/year 90% lower water use than traditional farming Great quality, condition & taste of crops Global markets notice the urgency for vertical farming solutions Expected growth: Funding deals: 2021 $3,2 bln 2019 $484 mln 2026 $9,7 bln 2020 $865 mln 2030 $30 bln 2021 $960 mln AND WE PRODUCE VERTICAL FARMS. WHAT IS OUR ROLE IN THIS (R)EVOLUTION? Our vision: with our vertical farming solutions everyone has access to nutritious, high quality and sustainable fresh food on daily basis. Everywhere, in every weather. We know the drill. We are on the market for 2 years - with fresh products from our vertical farm. Our Clients: Large companies in-store farm fresh greens Top restaurants In October 2020 we’ve built our first urban urban vertical farm in Warsaw. Also we installed in Carrefour stores in Warsaw our 1st in Poland in-store vertical farms, designed and built from scratch. In 2021, we received PLN 1 mln funding from Augere Health Food Fund. With this money, we’ve developed R&D and now are building a larger, more automated farm. PL-EKO-04 Our current offer of fresh greens. We keep expanding it. Plus all our products have eco certificate and are totally without single-use plastic saved: 106 tonnes of water in 2021 czerwona kapusta brokuł amarantus por kolendra groch słonecznik gorczyca pak choi czerwona kalarepa dorosłe rośliny bazylia rukola mikroliście Plus we’ve built a solid brand with a lot of media attention: Our CEO became one of the 100 women of 2021 according to Forbes Women Few months ago we’ve started selling vertical farms and we’ve already made successful sales to the biggest players on the market: ➢ ➢ ➢ ➢ Automated grow racks for herbs for Carrefour Polska Office farms for Orange Poland A 3sqm compact farm for a High School from Silesia In-store vertical farm for SPAR We are negotiating the next deals with i.e.: ● a top real estate company - HB Reavis ● a large international greens producer ● national energy company ● Auchan ● Żabka ● Lisek App ● Intermarche We’ve built 20 office vertical farms which are now in 11 offices of Orange Polska Our solutions address a wide range of customers’ needs: Micro farms Customers: Offices, Retailers Customers: HoReCa, Schools Price: EUR 950 Stage: sales Price: EUR 3600 Stage: sales Ho-Re-Ca farms Customers: Retailers, Warehouses Food producers Customers: Retailers, Warehouses Price: EUR 3900 Stage: sales Automated grow racks for herbs Small and medium industrial farms Price: EUR 129 000 - 1 mln Stage: prototyping In one year our sales will reach 1m EUR and in 2 years we will become profitable 1,90 We will generate EUR 8,5m (PLN 41 million) revenue by Q2 2025. We see that this sector is growing and demand exceeds supply (the current waiting time for a 100 sqm vertical farm is around 2 years). The assumed start date is August 2022 (we already operate) Selling vertical farms also means recurring incomes and developing our own IP on technology: growth-supporting software and automation Recurring income: we sell hardware plus farm services - i.e. data-sets based on information from all our farms and tailored supplies for our customers (i.e. seeds, soil). The vertical farming market has huge potential Market size for some vertical hardware solutions in EU: NUMBER OF: Globally there are around 20 companies producing vertical farms. The demand for vertical farms will grow rapidly in the coming years. Despite some competition we have the perfect qualities to gain a substantial market share. Greens producers: in CEE: 1,870 in Europe: 7,500 Warehouses: in CEE: 4,063 in Europe: 22,759 IN NEXT 3 YEARS WE CAN BUILD AND SELL (MINIMUM)): THAT MEANS REVENUE: 5 medium 800 sqm industrial farms EUR 2,6 million 11 small 100 sqm industrial farms EUR 1,9 million Our offer has several advantages: unique IP, best prices, outstanding design, customer-tailored products Comparison of prices of small and medium industrial farms: ● ● ● ● ● ● ● We are one of the cheapest on the European market, even when our prices include 30-45% profit margin We have our own IP (patent pending) We already did successful R&D on herbs and we will develop our unique biotechnological IP on new types of plants to grow on vertical farms We already use our own software and we will develop an IP on automation and vertical farming software as well as controllers Our designs have been awarded and can be adjusted to customer needs - we are truly lean Plus, we have more than 2 years of experience on the market Strong, passionate and versatile team Our team Hanna Sienkiewicz - Twardoch Sales Manager Matylda Szyrle CEO Poczta Polska | APM Sales | 7Niebo Aleksandra Babul CFO Mars | PwC Michał Piosik Co - Founder Aleksandra Czapla Marketing Specialist YIT Poland | Synertime PR Piotr Grabowski Co - Founder foodtech.ac | HubHub | SnowShow Współpracownia | Kazimiernikejszyn Hardware Engineer CzteryZeroAutomatyka | UniDoseOne Iza Zięcina ARP | McKinsey&Company foodtech.ac | Polish Your Cooking Rośleko | Citi | BCG Łukasz Lipski Kala Arseniuk Operation Manager Chmury | Fala Farm Operator Warsaw University of Life Sciences Student - Gardening Faculty Monika Klimczak Farm Operator Warsaw University of Life Sciences Student - Gardening Faculty Piotr Pawłowski Automation Engineer CzteryZeroAutomatyka | Politechnika Łódzka Our skill set: ➢ ➢ ➢ ➢ ➢ ➢ ➢ ➢ international experience international education solid finance background strong engineering experience successful entrepreneurs on board proven strategy and problem-solving skills agricultural education can-do attitude, passion & energy We achieved a lot during last 2 years. Now we are expanding vertical farming sales to meet our long-term goals. Our strategy: Fresh products: ● We know how to successfully grow and sell microgreens ● We did R&D on growing herbs on vertical farms ● We plan R&D on next types of plants i.e. strawberries, tomatoes, pea and beans (as first ones in the world!) Small farms and automated (like the ones we sold to Orange): ● ● ● ● give us cash flow allow us to test technology and process of keeping our products fresh help building brand and market awareness help opening relationships with future customers of industrial farms (i.e. big retailers) Industrial farms: Production and sales of automated medium and big industrial vertical farms - for that we will raise soon a next round: - POC ready in 2 months - further R&D and POC for first external customers - H1 2023 Big industrial vertical farms ● quality ● health ● food security ● profit We need EUR 1.5 million to blossom and EUR 85k to set off 1. Q4’22 -Q1’23 KPIs: 2. 3. Sales: 45 pieces of hardware: ○ office and HoReCa farms - 24 pieces ○ automated racks for herbs - 21 pieces Income (from sales in PL & abroad) - PLN 485k : ○ Office and HoReCa farms: PLN 104k ○ Farms’ service - PLN 20k ○ Automed racks for herbs: PLN 361 k Opening second facility in Warsaw We raise EUR 85k. We offer a convertible note or equity plus a discount to the next Round - 20% H1 2023: With sales and a proven concept, we’ll raise a EUR 1,5 million to: - 500k - build sales globally - 500 k - conduct further R&D on software, automation - 500 k - R&D on biotechnology i.e. growing new fresh products like strawberries, tomatoes etc. THANK YOU Let’s grow, make profit & positive impact. Embark on this mission with us! Matylda Szyrle [email protected] +48 502 190 841 Our current cap table Shareholder 1. Founders % of shares 73,68% 2. Angels 9,72% 3. Fund 16,60% 100% Sources ● ● ● ● ● ● ● ● ● ● ● https://www.youtube.com/watch?v=KfB2sx9uCkI [slide #2] https://www.nytimes.com/2022/04/06/business/vertical-farms-food.html [ slide #5] https://www.statista.com/statistics/630801/number-of-fruit-and-vegetable-companies-in-european-unio n-eu/ [ slide #16 ] https://www.citycrop.io/shop [ slide # 17 ] https://scienceinpoland.pl/en/news/news%2C91690%2Chydrologist-drought-threatens-polish-rivers-seve ral-regions-are-desertifying.html [slide #3] https://www.springwise.com/app-controlled-vertical-farming-limited-indoor-space/ [slide #17] https://www.statista.com/statistics/986635/number-of-enterprises-in-the-warehousing-and-storage-ind ustry-europe/ [slide #16] https://www.globenewswire.com/news-release/2022/06/06/2456416/0/en/Vertical-Farming-Market-Antici pated-to-Touch-25-1-Billion-by-2030-with-a-CAGR-of-23-3-Report-by-Market-Research-Future-MRFR.ht ml [slide #5] https://strefainwestorow.pl/artykuly/analizy/20220628/Inwestowanie-rolnictwo-branza-spozywcza-farmy -wertykalne [slide #3] https://www.theguardian.com/environment/2022/sep/20/eu-wastes-153m-tonnes-of-food-a-year-muchmore-than-it-imports-says-report [slide #3]
