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EVGN similar filings
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Exhibit 99.1
Company Presentation Eyal Ronen, CEO September 2023
Forward Looking Statement This presentation contains "forward-looking statements" relating to future events, and Casterra AG Ltd. (the “Company”) and its parent, Evogene Ltd. (“Evogene”), may from time to time make other statements, regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting us that are considered “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995 (the “PSLRA”) and other securities laws. Such forward-looking statements may be identified by the use of such words as “believe”, “expect”, “anticipate”, “should”, “planned”, “estimated”, “intend” and “potential” or words of similar meaning. We are using forward-looking statements in this presentation when we discuss our value drivers, commercialization efforts and timing, product development and launches, estimated market sizes and milestones, the degree of the Company’s ability to fill orders for its castor seeds, as well as the capabilities of Evogene’s and our technology. Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements, and trends in the future may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond our control, including, without limitation, those described in greater detail in Evogene's Annual Report on Form 20-F and in other information Evogene files and furnishes with the Israel Securities Authority and the U.S. Securities and Exchange Commission, including those factors under the heading “Risk Factors”. Except as required by applicable securities laws, we disclaim any obligation or commitment to update any information contained in this presentation or to publicly release the results of any revisions to any statements that may be made to reflect future events or developments or changes in expectations, estimates, projections and assumptions. The information contained herein does not constitute a prospectus or other offering document, nor does it constitute or form part of any invitation or offer to sell, or any solicitation of any invitation or offer to purchase or subscribe for, any securities of Evogene or the Company, nor shall the information or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any action, contract, commitment or relating thereto or to the securities of Evogene or the Company. This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of our products or services. 2
About Casterra A leading company supplying an integrated ag-solution, including proprietary castor seed varieties supported by agro-technical know-how and novel mechanical harvesting & dehulling machines, to address global demand for stable castor oil supply. The integrated ag-solution is aiming to enable high scale commercial cultivation of castor beans. A fully owned subsidiary of Evogene (Nasdaq: EVGN), utilizing its Computational Predictive Biology (CPB) platform for developing elite castor varieties. Currently commercially active mainly in Africa and Latin America with strong business partners. 3 Our mission is to provide elite castor seeds to the biobased industries
The Castor Oil Industrial Market In recent years, castor oil is the ‘oil of choice’ for many applications in biobased products, lubricants, cosmetics, pharma, electronics, aerospace and other industries. During the last year, there is a substantial increase in interest in using castor oil as a plant-based source for biofuels; a growing number of energy companies are establishing such activity. 4 *https://www.marketreportsworld.com/global-castor-oil-and-derivatives-market-19862171 The global castor oil & derivatives mechanized market is expected to reach $2.06 billion by 2028*CAGR of 4.9%
Castor Oil Value Chain and Uses 5 Oil Industrial application derivatives (~85%**) ‘Cake’* Fertilizer and nematodes suppressor (~15%**) Castor grain crusher * Castor cake is nitrogen-rich organic fertilizer, obtained as a solid residue from the treatment of seeds for castor oil ** Percentage of value Castor growth protocol Mechanical harvest Superior seed development Seed production Full value-chain solution Bio-fuels Plant-based source for bio-fuel Other industries Lubricants, cosmetics, pharma, electronics & other
The Challenge Existing castor seed supply does not meet increasing demand Global trend towards increased sustainability and decreased use of fusil fuel-based material for industrial applications Supply is mostly based on traditional cultivation and non-bred seed varieties (wild types - WT) in India 6 Common castor cultivation: Traditional cultivation Small-scale farm Hand-picked Selective harvest Common castor WT plant: Low yield (0.6 MT/Ha.) Small shrub Perennial plant
Our Solution Casterra has established a unique integrated ag-solution, including proprietary castor seed varieties, supported by agro-technical know-how and a novel mechanical harvesting & dehulling machines, addressing the global increasing demand for stable castor oil supply 7 Current practice Traditional cultivation, low yield (0.6 MT/Ha.) perennial plant Common castor family size tall shrub, hand-picked Modern row-crop cultivation single-season Compact plants, high density high oil bred varieties adapted to commercial mechanical harvest 2007-2023
Technology Platform & Integrated Ag-Solution 8 Integrated Ag-Solution for Commercial Cultivation Combining deep scientific know-how with Big Data and computational technology, to tailor plant genetics for improved plant traits and develop unique castor varieties. A proprietary plant genomic and phenotypic diverse Big-Data, to support the improvement of traits of interest. Leveraging Evogene’s tech-engines, GeneRator AI & ChemPass AI, to accelerate a breeding program for developing unique castor seed varieties. Higher yield Concentrated ripening Compact plants Capsule shattering Earliness Higher germination rate Elite Seed Varieties Growth Protocol Herbicide solution Disease control Irrigation & fertilization protocols Crop rotation Rain-fed / Irrigated crop Mechanical Solutions Mechanical harvesting Dehulling machine – a Technology Platform for Developing Elite Varieties
Introducing 9 Tech-Engines Plant genetics Plant phenotypes Plant chemistry Data Desired traits Improved yield/ha. Improved oil content (%) Compact plants Early ripening Product Definition Genomic data Phenotypic data Castor Variety EVF712
Data – Proprietary Germplasm Collection (~200 accessions) 10 Various geographics origins Distinct plant phenotypes Diverse genetic backgrounds
Computational Genomics Utilizing advanced AI tech-engines for identifying the most promising genomic compounds, significantly increasing probability of succuss, while directing and accelerating the breeding programs toward the target product and reducing time and cost. BIG DATA Genomics AI Tech-Engines: When Data Meets Computational Biology
Casterra’s Advance Breeding Capabilities 12 Large pre-breeding collections State of the art data collection systems Fully equipped molecular labs & tissue culture rooms Field and GH capabilities for seed production World-class computational genomics NBT’s pipelines in place Confidential
Casterra’s Product Pipeline 13 R1- Yield trials & growth protocol E1- Early development Pre-breeding & breeding Commercial Five-year breeding program R2- Pre-commercial test in target area Year 1 Year 2 Year 3-4 150 20 10 5 5 Year 5 Adaptable to mechanical harvest, Concentrated ripening, Dwarf, High female ratio, High yield EVF-110 Gold EVF -102 Gold Improved yield, earliness, dwarf, Concentrated ripening, Uniformity, Drought CST-128 EVF-110G EVF-102G Improved yield, compact architecture, plant type variable 2nd generation: EVF-701 & EVF-716 Compact architecture, adapted to mechanical harvest, uniformity, high germination rate 1st generation: EVF-712 EVF-712 EVF-701 EVF-716 Improved yield, Semi-Dwarf, Earliness Ultra-dwarf, Concentrated ripening, Uniformity, Drought tolerance CST-129 Ultra-dwarf, Concentrated ripening, Uniformity, No Shattering CST-130 800
Castor Varieties – EVF712 14 Average height: 130 cm Flowering: 40-45 days Total cycle: 130 days Oil content: 48% - 50% Grain yield: ~ 2.5 Ton/Ha Plant per Ha.: 35,000 Drought tolerance: Medium Mechanical harvest * Variety performance is subjected to weather conditions and to precipitation
Castor Varieties – EVF701 15 Average height: 150 cm Flowering: 40-45 days Total cycle: 130 days Oil content: 48% - 50% Grain yield: ~ 3.5 Ton/Ha Plant per Ha.: 35,000 Drought tolerance: High Mechanical harvest * Variety performance is subjected to weather conditions and to precipitation
Castor Varieties – EVF716 16 Average height: 100 cm Flowering: 35-40 days Total cycle: 115 days Oil content: 48% - 50% Grain yield: ~ 2.5 Ton/Ha Plant per Ha.: 35,000 Drought tolerance: Low Mechanical harvest * Variety performance is subjected to weather conditions and to precipitation
Casterra’s Breakthrough Product Pipeline 1 R2 Yield trials & growth protocol Pre-breeding and breeding Genomics biotechnolpgies Commercial New opportunities - new target industries E1- Early development No-ricin, high yield, adapted for mechanized cultivation CST-712NR SAF-1 high yield, high oil% CST-712SF1 SAF-2 high yield, low viscosity SAF-3 high yield, low viscosity, high saturated oil CST-712SF2 CST-712SF3 Elite lines under development optimized for jet fuel Elite lines under development optimized for animal feed (‘Cake’ without ricin) R1 Yield trials & growth protocol
Casterra’s Breakthrough Product Pipeline 1 R2 Yield trials & growth protocol Pre-breeding and breeding Genomics biotechnolpgies Commercial New opportunities - new target industries E1- Early development No-ricin, high yield, adapted for mechanized cultivation CST-712NR SAF-1 high yield, high oil% CST-712SF1 SAF-2 high yield, low viscosity SAF-3 high yield, low viscosity, high saturated oil CST-712SF2 CST-712SF3 Elite lines under development optimized for jet fuel Elite lines under development optimized for animal feed (‘Cake’ without ricin) R1 Yield trials & growth protocol
Casterra’s Breakthrough Product Pipeline 17 R2 Yield trials & growth protocol Pre-breeding and breeding Genomics biotechnologies Commercial New opportunities - new target industries E1- Early development No-ricin, high yield, adapted for mechanized cultivation CST-712NR SAF-1 high yield, high oil% CST-712SF1 SAF-2 high yield, low viscosity SAF-3 high yield, low viscosity, high saturated oil CST-712SF2 CST-712SF3 Elite lines under development optimized for jet fuel Elite lines under development optimized for animal feed (‘Cake’ without ricin) R1 Yield trials & growth protocol
Mechanical Harvesting Solution Proven commercial harvesting Combining Casterra’s proprietary castor varieties and growth protocols with an advanced harvesting solution 18 Initial results ~50% yield loss Commercial harvesting in Brazil Current results ~5% yield loss 2017-2021
Mechanical Dehulling Solution Higher % of clean grains Low % of broken grains High uniformity Machine is covered by IP application 19 Proven commercial dehulling A proprietary dehulling machine, built based on the integration of accumulated worldwide knowhow of Casterra’s team and top international engineering experts in seed/grain dehulling
Business Model 20 Crusher Grower + Partner Revenue sharing with oil producers Oil/Cake Seed production Industrial oil users Breeding technology & genomics Seed production Grower Crusher Product Industrial oil users Breeding technology & genomics Seed sales – complete solution Partner Seed Grain Variety Oil/Cake Product Seed Grain Variety
21 Business Models Execution Revenue sharing with oil producers Seed sales – complete solution
Casterra’s Team 22 Eyal Ronen CEO Liat Foigel Wejgman VP HR Yaron Eldad CFO Ofer Haviv President Dr. Michi Brog Head of Seeds Development Yinon Plesser Director of Production & Logistics David Schvartzman Product & Market Development Agronomist Dr. Basia Vinocur Head of Genomics
Unique Castor Varieties & Full Value Chain Solution for Castor Oil 23 Casterra is the only company providing unique varieties & a complete value-chain solution for industrialized castor cultivation for a stable castor oil supply Castor growth protocol Mechanical harvest Superior varieties development Seed production Proprietary dehulling machine
Video – Casterra’s Dehulling Machine 25
Video – Casterra’s Harvesting Header 26