Blue Star Foods Corp. · OTC:BSFCD
Blue Star Foods — Investor Presentation (May 2022)
25 slides from Blue Star Foods's investor presentation, May 2022
Slide 1: Blue Star Foods Corporation – Healing the planet one pound at a time
Blue Star Foods Corporation Blue Star Foods Corp. | May 2022 Healing the planet one pound at a time. bluestarfoods.com
Slide 2: Forward looking statements
2 Forward looking statements Blue Star Foods Corporation This presentation may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are characterized by future or con
Slide 3: Company Strategy & Mission Statement
3 Company Strategy & Mission Statement Blue Star Foods Corporation Long-Term strategy to create a vertically integrated seafood company that offers customers high quality products while maintaining a focus on our core values of delivering food safety, traceability and certified resource sustainabili
Slide 4: Company Overview and Financials
4 Company Financials Company Overview Blue Star Foods Corporation ▪ 2020 Revenue of $14.1M ▪ 2021 Revenue of $10M an integrated Environmental, ▪ Q1 2022 –Revenue Guidance Social, and Governance (ESG) of at least $5.0M sustainable seafood company with a focus on Recirculatory Headquarters Aquaculture
Slide 5: Established Supply Chain with Blue Chip Customers
5 Established Supply Chain with Blue Blue Star Foods Corporation Chip Customers BSFC has built relationships with some of the largest, most prestigious companies in the United States. ▪ Quality product ▪ Reliable delivery ▪ Delivers auditable ESG check points for customer
Slide 6: Crab Meat Product
Crab Meat Product Blue Star Foods Corporation Sourcing. Processing. Sustainable Catch. BSFC sources its main product, the Blue Swimming Crab from Southeast Asia. ▪ In 2020, 90%(1) of product sourcing was from the Philippines (46%) and Indonesia (44%). Product is processed on site at local facilities
Slide 7: Environmentally Friendly Packaging/Premium Labels
7 Environmentally Friendly Packaging/Premium Labels Sustainable and ethical packaging. ▪ BSFC has several global patents on the Eco-Fresh crab meat pouches Worldwide. ONLY company to package Crab meat in pouches. Benefits of Eco-Fresh pouches vs. traditional metal cans include: ▪ Cost Efficient | lo
Slide 8: ESG & Environmental Stewardship
ESG & Environmental Stewardship BSFC released its First GRI Standard Sustainability Report in January 2021. 89-page report shows the company’s performance during past 2 years against globally recognized, quantifiable and standardized ESG Key Performance Indicators. ▪ Only report focused on Blue Crab
Slide 9: Coastal Pride Acquisition – Key Transaction Points
9 November 2019 Blue Star Foods Corporation Key Transaction Points Acquisition Coastal Pride Management Team ▪ >30 years crab meat category market operators Seafood company specializing in ▪ 2nd generation family company. importing pasteurized and fresh crabmeat primarily from Mexico and LATAM. Stra
Slide 10: The Problem – Evolution to RAS Land-Based Aquaculture
10 The Problem-Evolution to RAS Land-Based Aquaculture Blue Star Foods Corporation Double Seafood Overfishing Conventional Consumption by 2050 aquaculture will NOT meet demand GAP Environmental Pollution of the Food Supply Ocean Microplastic Pollution
Slide 11: Ocean plastic waste pollution
Blue Star Foods Corporation 11 Every year, there are 11 million tons of plastic waste that pollute the world’s oceans. That is about 30 Empire State buildings weight in plastics each year. This threatens wildlife and fragile ecosystems around the globe. And it is not getting any better. In fact, it
Slide 12: Unfavorable Ocean Plastic Pollution Trend
Blue Star Foods Corporation 12 Unfavorable Ocean Plastic Pollution Trend Our review of four decades of research indicates that fish consumption of plastic is increasing. Just since an international assessment conducted for the United Nations in 2016, the number of marine fish species found with plas
Slide 13: Resource Efficient Production and Marine Protein Supply Gap
Resource 13 Efficient 1.3 Feed Conversion Ratio 56 kgs Edible Meat per 100 kg fed Production Increased Global Marine Protein 7.9 kgs Carbon Footprint | Kg CO2 / Kg edible meat Blue Star Foods Corporation 2,00 Water consumption | Litre / Kg edible meat Consumption & 1.9 Feed Conversion Ratio 39 kgs E
Slide 14: Aquaculture Needs To Fill the Gap
Conventional Aquaculture Aquaculture Needs To Fill the Gap Blue Star Foods Corporation The wild fish catch peaked at 94 Mt (1) in the mid-1990s and has since stagnated/declined. All future increase in world fish consumption will need to come from aquaculture. ▪ In 2016, aquaculture provided more tha
Slide 15: Global Salmon Market & Open-Net Salmon Farming Challenges
Global Salmon Market & Blue Star Foods Corporation Conventional Open-Net Salmon Farming Challenges Size of the Global Salmon market ▪ The market volume for all Salmon worldwide is estimated to be 3.7 million tons in 2021 and will be 4.0 millions tons by 2023(1). ▪ In 2019, the USD value for the glob
Slide 16: Macro Regulatory Demand Driver
Macro Regulatory Blue Star Foods Corporation Demand Driver The Government of Canada has made it a policy decision to phase out Ocean Based Salmon Farming by 2025. This will start with the closure of farms located within the Discovery Islands, which shall be complete by June 30, 2022. The Discovery I
Slide 17: Solution & Competitive Advantage
Solution & Competitive Advantage Highly disruptive technology Fully controlled environment for the fish. No Antibiotics Virtually NO environmental impact RAS Land-Based Efficient land and energy use Aquaculture low to neutral CO2 emissions for Salmon Traceable Harvest Optimal feeding strategy Mobile
Slide 18: Taste of BC Aquafarms – Key Transaction Points
18 June 2021 Key Transaction Points Blue Star Foods Corporation Acquisition Taste of BC Management Team Aquafarms ▪ >10 years in RAS field + 2nd generation family company. ▪ Unique technical expertise to dramatically scale operations. A land-based Recirculating Aquaculture Strategic Fit Systems (RAS
Slide 19: Growth in Land-Based Salmon Farming Competitive Landscape
Growth in Land-Based North America RAS Farms 19 Salmon Farming in Production Volume plans identified in 2018 vs. 2019 (kt) IN – 1,200 MT 1000 Aquabounty 900 First Harvest 2020 Blue Star Foods Corporation 800 700 Salmon 600 500 400 FL (Phase 1) – 10,000 MT Atlantic Sapphire FL (Phase 2) – 25,000 MT C
Slide 20: Significant Discount in Valuation as Compared to Peers
Significant Discount in Valuation as Compared to Peers: Blue Star Foods Corporation NASDAQ: AQB $120M Market Cap (in production) $1.2M Revenue TTM OTC: AASZF $350M Market Cap (in production) $14.6M Revenue TTM (project phase) (project) (project) (project) OTC: SHMP $135M Market Cap $0M Revenue TTM
Slide 21: At a Glance – Taste of BC
At a Glance Taste of BC Blue Star Foods Corporation Taste of BC has perfected a modular system that will enable scalable, predictable & repeatable results. ▪ Have produced over 500,000 lbs. of Steelhead Salmon since 2012. ▪ Is the oldest continuously operating Salmon RAS in North America. ▪ The 1st
Slide 22: Facility Economics – 1,500 MT Facility
Engineering Partner 1,500 MT Facility Economics Blue Star Foods Corporation One of North America’s premier engineering firms focuses on RAS Site Selection Update facilities. Has been in business ▪ In progress. over 20+ years. Located in ▪ Have multiple sites as possibilities. Nanaimo, BC, Canada. Gr
Slide 23: Executive Team
John Keeler 23 Chairman & CEO Executive Team Named Best CEO in Sustainable Seafood Industry by European CEO Magazine. 2017 Speaker at “The Economist World Ocean Summit”. Blue Star Foods Corporation JC Dalto Nubar Herian Jeffry Guzy Member Member Member Sylvia Alana Tim McLellan Trond Ringstad CFO Me
Slide 24: Investment Highlights
Investment Highlights Company Financials(2) Blue Star Foods Corporation Macro Factors Accelerating Push Toward Innovation and Sustainability - Seafood 1 ▪ FY-2019 | Revenue Consumption Outpacing Supply and Environmental of $23.8M Safetyof $14.1M | ▪ FY-2020 | Revenue Profitable in H2-2021 (-basis).
Slide 25: Corporate Contact
25 Corporate Contact Blue Star Foods Corporation CEO John Keeler [email protected] Investors Contact ClearThink [email protected] www.bluestarfoods.com www.facebook.com/BlueStarFoods/ www.linkedin.com/company/bluestarfoods/ www.twitter.com/BlueStarFoodsCo bluestarfoods.com