Algae: A Sustainable Feed Alternative

Matthew Caspari
Founder & Managing Director, Aurora Algae Pty Ltd

February 16, 2012

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Company Background

A Revolutionary Approach to Agriculture

About Aurora
~100 employees

Unprecedented Sustainability
Energy from the sun

HQ in California, operations in
Perth and Karratha, Australia
>$70M USD in venture capital
funding from Oak Investment
Partners, Noventi and Gabriel
Venture Partners
World leader in developing algae
technology

Consume CO2 emissions

Utilize arid land

Grow in sea water

Executive Management Team

Greg Bafalis
Chief Executive Officer
Formerly CEO, Green Earth Fuels
25+yrs leading energy & agricultural
projects around the world

Brian Hinman
Executive Chairman
Founder of 2Wire, Polycom, PictureTel
Venture Partner, Oak Investment
Partners

Tom Willardson
Chief Financial Officer
As CFO, led IPO of Energy Recovery
Formerly CFO of Cost Plus, WebSideStory,
Archimedes Technology Group Holdings

Matthew Caspari
Founder, Managing Director, Australia
Strategic management, business
development, M&A experience
MBA from UC Berkeley, BS in
Biochemistry from Georgetown

Guido Radaelli
Founder, VP Engineering
Petrochemical background
MBA, UC Berkeley;
Masters, Chemical Engineering,
Politecnico of Milan

Dr. Bertrand Vick

Founder, Chief Scientific Officer
Worked with BASF
Background in Industrial chemical
bioengineering
Ph.D. Biochemistry, UC Berkeley

Auroras Australia Demonstration Site

15 tons Biomass per Month Capacity

Controlling Quality, End-to-End

26 patents

5 patents

5 patents

Sunlight

3 patents

Biodiesel

Sea Water

EPA Oil

Carbon Dioxide
42
M
N 29C
o
u 26F
e 29C
15
25
M
uP
n
7

Protein-rich Feed

cultivation
6

harvesting

extraction

conversion

Algae as Feed

Focus on Feed

Fish Feed
Fish farming is growing over 10%
per year
As an industry, aquaculture will
surpass cattle by 2015, and
poultry by 2050
Current fish meal production
industry is limited by International
fishing quotas
Increasing need for high potency
protein to fuel the expanding fish
farming industry
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Algal-based Fish Feed

Algae is a natural part of the fish diet
Natural source of vitamin A and other
nutrients
Unique ability to scale to demand versus
the seasonal limits of wild caught fish
Customizable feed solutions
Whole algae includes Omega-3 oil
Protein-carb mix
Higher level of proteins possible via
isolation

Ideal alternative to other animal feeds

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Algal-based Animal Feed

Protein rich feed with flexible application
potential
Easily digestible proteins for several
stages of animal-life
Scalable
Vitamin rich, allergen free food source
Sustainable alternative to fish meal
Suitable as pet food
*Aurora has a unique ability to scale to demand versus the
seasonal limits of wild caught fish and land based crops
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Scaling Production Capacity

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Australia: Ideal Location for Algae

High solar radiation
Warm temperatures which
support algae growth
Availability of CO2 from industrial
processes
Flat arid land unsuitable for
agriculture
Abundance of seawater used as a
medium for algae growth
Strong Australian government
support

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Expansion Plan: Commercial Facility in 2013

Initial Project: 100
hectares
Production: 600
tons of
biomass/mo.
Project
expandable to
1000s of hectares
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Questions?

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Algae: A Sustainable Feed Alternative

Matthew Caspari
Founder & Managing Director, Aurora Algae Pty Ltd

February 16, 2012

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