increasing farm profitability through ai- based field agronomy · 2019-05-01 · legal disclaimer...

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1 Increasing Farm Profitability through AI- Based Field Agronomy Simcha Shore Founder | CEO

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Page 1: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

1

Increasing Farm Profitability through AI-Based Field Agronomy

Simcha Shore Founder | CEO

Page 2: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Legal disclaimerIMPORTANT NOTICE

This presentation has been prepared by AgroScout Ltd. (the “Company”) solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be complete or to contain all of the information a prospective or existing investor may desire. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this information. The Company has prepared thispresentation based on information available to it, including information derived from public sources that have not been independently verified. The Company makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any errors omissions in, this presentation. This presentation includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as to the accuracy of such statements, estimates or projections. This presentation may contain statements that are not historical facts, referred to as “forward looking statements.” The Company’s actual future results may differ materially from those suggested by such statements. No assurance can be given that future events will occur or that projections will be achieved. Past performance is not a reliable indication of future performance. This presentation is not, and nothing in it should be construed as, an offer, invitation or recommendation in respect of the Company’s securities, or an offer to sell, or a solicitation of an offer to buy, the Company’s securities in any jurisdiction. Neither this presentation nor anything in it shall form the basis of any contract or commitment. Prospective investors should not construe the contents of this presentation as business, legal, tax, investment or other advice. Each prospective investor should make his, her or its own inquiries and consult his, her or its own advisors as to the appropriateness and desirability of an investment in the Company and as to business, legal, tax and related matters concerning an investment in the Company.

An investment in the Company shall be allowed only to such number and category of investors in accordance with applicable laws and regulations and pursuant to a predetermined process. Accordingly, detailed information in connection with the investment shall be revealed and delivered only to a limited number of qualifying investors as provided by law.

Page 3: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Field Crop Area Harvested Worldwide*:

2 Billon Acres*The majority of the world are small to medium-sized growers

2

The Global Field Crop Market Production Value:

$500 billion

Market

Page 4: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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The Need

Growers are losing up to 20-40% of their crops to disease & pests, when we need to be growing enough food to feed another 2 billion people

The result:

Increased costs

Increased chemical

use

Reduced crop yield

Reduced crop

quality

Food and Agriculture Organizationof the United Nations

Time consuming

scouting

Page 5: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Providing any size farm a user-independent, AI-based field agronomy solution for pinpoint detection of disease and pests for increased yields in field crops.

4

From Precision Ag to Decision Ag

Page 6: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Target Field Crops

Soybean Carrot Cotton Potato BeansWheat

Cannabis Tobacco Sorghum Peanuts Sugarcane Grapes Corn

Area harvested (million acres)

550 310 22.5 84 47.5 62.5

100 65 66.5 17.5 476

Total area harvested of selected crops:1,875 million acres = 40-50 million growers

Area harvested(million acres):

--

Page 7: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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From Precision Ag to Decision Ag

Actionable Information

SatellitePlane Weather Information

Smart Farming

Drone Smart phone

AI

External Sources

Page 8: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Potato Case Study: Current Solution vs. AgroScout Solution

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• 20 min. walk • Covers ~150 plants• Small area covered

Manual Scouting

• 20 min. drone flight• Covers ~10,000 plants• Covers ~125 acres• Semi-autonomous

AgroScout Scouting

Page 9: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Pilot Case Study in Potatoes 2017-2018

Acres covered: 100Location: Southern Israel Scouting type: Manual & drone Frequency: 2x/week

Page 10: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Pilot Case Study in Potatoes 2018

Early Blight 03/2018 Late Blight 12/2018

Page 11: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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20232022202120202019

5 additional crops• Potato, wheat, soybeanCrop

• Phytotoxicity concerns

• Remote soil sensing

• Weed control• Natural disaster

damage assessment

• Sowing/planting/emerging data

• Disease and pest control

• Fertilization problems (NDVI)

• Irrigation issues (NDVI)

Application

• Level 4: 1st fully autonomousdrone solution

• Level 4: 1st fullyautonomous pivot solution

• Level 3: Semi-autonomous: Drone APP

Autonomouslevel

• Smart farming eco-system• Farm management

software• Satellite, plane &

drone data Connectivity

Roadmap

Page 12: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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AgroScout’s Value Proposition

Increased crop yields

Improved crop quality

Efficient chemical use

Reduced scouting

costs

AgroScout’s early detection of disease and pests allows for:

User-independence & time-saving

results

Page 13: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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AgroScout’s Competitive Landscape

Plane Satellite Scouting APP

Disease & pest detection

User-independent

All size farms

Pinpoint treatment

Affordability

Ongoing monitoring

All-weather operability

Global accessibility

Page 14: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Go-To-Market Strategy

Chemical Distributers

Scouting companies

Farmers & agronomists

Remote Sensing companies

Who?

Irrigation businesses

What? Agronomy on demand

Software Service

B2C

How?

B2B

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B2G

UN Government

Page 15: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Pricing

Pays for itself within a single growing season &pay as you go options also available!

Full diagnostics & recommendation

$1,000/year

SUBSCRIPTION

Software license & download

$500/year

SOFTWARE & APP

*For small farmers <50 acres

*For small growers

• Unlimited flight use

• Seasonal charge• Post treatment

evaluation• Full diagnostics &

recommendations

$5,000

ENTERPRISE

APP only

$200/year

APP

*For large growers*15 acres or more

Page 16: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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5 Year Revenue Forecast

Milestones:

Expand to APPaccess

Partnerships with global strategic players

Market expansion

$25,000 $500,000

$11,000,000

$28,834,547

$40,000,000

$-

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

2019 2020 2021 2022 2023

Commercial launch

Page 17: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Product:

• 2018: Commercial prototype, successful field trials

• 2019: 1st semi-autonomous product soft launch in US with largest Growers Association

• IP: US patent pending

Financial:

• 2018: Seed $1 million USD, Israel Innovation Authority, The Trendlines Group, & private investors

• 2019: Series A fundraising US $4 million

GENERAL Established: 2017, Israel

Company: 5 employees

STATUS

Page 18: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

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Simcha Shore: CEO, founder, information systems specialist with >10 years’ experience leading R&D projects, including drones, computer vision, and GPS; 21 years in Israel Defense Forces, R&D

lan Ehrenfeld: CTO, 25 years’ experience leading high-tech projects, including aerospace systems, computer vision, and artificial intelligence technologies; B.A., computer science and chemistry

Ido Bar-av: CSO, 18 years’ experience as a field agronomist and researcher; M.Sc., desert agriculture; research engineer at Gilat Research Center, Agricultural Research Organization, Ministry of Agriculture; farm manager at Genesis Seed Co

AgroScout’s Winning Team

Page 19: Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer IMPORTANT NOTICE This presentation has been prepared by AgroScout Ltd. (the “Company”)

Thank you!

Simcha Shore, CEO - 2019

• Simcha Shore, CEO • +972-52-9256-266 [email protected]

www.agro-scout.com