HARNESSING THE POWER OF ALGAE. for Human and Animal Nutrition

Transcription

1 HARNESSING THE POWER OF ALGAE for Human and Animal Nutrition MARCEL WUBBOLTS, CTO CORBION 7/14/2018

2 Corbion: Who we are today 2

3 Key figures KEY FIGURES (2017) NET SALES BY REGION (2017) NET SALES 891.7mln Net sales mln EBITDA excl. one-offs 24.2 mln Free cash flow 1.0x Net debt/ebitda ratio 1.46 Earnings per share 17.4% ROCE excl. one-offs 2% 98% 26% Bakery 27% 47% Meat Other F&B 15% 34% Ingredient Solutions Innovation Platforms Food 76% Biochemicals 24% 10% 41% Chemicals Pharma/ Medical HPC Animal Health 61% 19% mln 14% 6% 3

4 Corbion s alignment with the United Nations Sustainable Development Goals Population growth Food security Changing values Climate change & Resource scarcity End hunger Food security Improved nutrition Sustainable agriculture Reduce, re-use & recycle Circular economy Reduce food waste Minimize environmental impact of chemicals Corbion s value proposition Offering conscious choices through sustainable ingredient solutions uniquely tailored to create customer value 4

5 Algae Ingredients expands the Corbion platform Chain Length C2 C4 C6 C8 C10 C12 C14 C16 C18 C20 C22 Fatty Acids Organic Acid Type Short Chain Medium Chain Long Chain Lactic * FDCA* Succinic * Caprylic Capric** Lauric** Myristic Palmitic Steric Oleic** EPA DHA** Examples Acetic Acetic Linolenic Propionic Glycolic Citric Linoleic Malic Corbion Algae Ingredients 5

6 Enhancing Nutrition Responsibly Through New Sources of Marine Omega-3s

7 CHD Death Rate /100K population (2010) Most populations are deficient in long-chain omega-3s [DHA & EPA] USA 80 Germany 60 Norway 40 Spain Korea 20 Japan * Harris (unpublished data, 2016) 0 Undesirable Intermediate Desirable Approximate Omega-3 Index (%) 80% of omega-3s in our diet come from seafood 7

8 Consumer purchases are motivated by the health and sustainability promise of salmon Responsibly Farmed Salmon Meets Heart Healthy Claim Highest in Good Fat Source: 2017 Harris Poll commissioned by TerraVia Holdings, Inc., among 2,129 participants in the US, 1,061 participants in the UK, 1,111 participants in France, 1,094 participants in Germany, 1,012 participants in Brazil, and 1,240 participants in Japan. Participants are aged 18 and older. Respondents selected up to 5 out of 20 statements across 6 categories: Sustainability, Health, Traceability, Non-GMO, and Feed 8

9 Omega-3 levels have dropped in farmed salmon Impact of sustainable feeds on omega-3 long-chain fatty acid levels in farmed Scottish Atlantic salmon, Source: M. Sprague, J.R. Dick & D.R. Tocher, Impact of sustainable feeds on omega-3 long-chain fatty acid levels in farmed Atlantic salmon, , Nature, 22 February

10 Ingredient Inclusion Level FCR and FIFO Marine ingredients in salmon feed have dropped in Norway due to limited supply and increasing demand for salmon 100% 90% 10 9 Single cell raw materials Micro ingredients 80% 8 Plant oil 70% 60% 7 6 Plant dry matter 50% Fish oil 5 PAPs 40% 4 Fish oil 30% 20% Fish Meal 3 2 Krill meal Fish meal 10% 1 FCR 0% Poly. FIFO (FIFO) 10

11 New long-chain omega-3 sources from algae Conventional Pathway Microalgae Schizochytrium sp. Aquaculture Zooplankton Fish Fishing vessel Fish oil New Pathway Sugar-Based Fermentation Produced in a matter of days with consistent omega-3 levels 11

12 Microalgae production powered by renewable energy Low carbon, water and land footprint due to sugarcane feedstock 12

13 Delivering nutrition responsibly first to market Blue Circle Foods, Kvarøy and BioMar Produce Salmon with Double the Omega-3 Content a 100 percent increase in marine omega-3 content boasts a record breaking fish-in, fish-out ratio of.47 to 1 which utilizes sustainably optimized ingredients such as microalgae Delivering the nutrition promise to consumers responsibly 13

14 UK retailers are marketing salmon with high omega-3 levels 14

15 Other products coming to market enriched with long-chain omega-3s kg a source of omega 3 for heart brain & vision 15

16 Deliver on the Consumer Promise: Enhancing Nutrition Responsibly 16 7/14/2018

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