The Future of Farming: #ZeroHunger Mr. David

Transcript:The Future of Farming: #ZeroHunger Mr. David:
The Future of Farming: #ZeroHunger Mr. David Rosenberg, CEO; Mr. Ed Hardwood: Chief Science Officer; Mr. Marc Oshima, Chief Marketing Officer January 2020 Newark, New Jersey, United States of America Haskayne Consulting: Adam Schwarz, Mahwash Waqar, Gibson Yin, Graham Toombs How does AeroFarms grow it’s profitability amidst a business model requiring excessively high capital and operational expenses? AeroFarms biggest challenges to profitability are it’s high financial requirements. 2 AeroFarms must adjust it’s current business model to grow it’s profitability. Executive Summary 3 AeroFarms needs to decrease it’s operational expenses through technological efficiencies and shifting its growth to a franchise model. Operational Expenses must be decreased in order for the business to remain profitable in the long run. AeroFarms cannot continue to grow with such high capital expenditure requirements. 4 AeroFarm must adjust it’s business model for profitability and long-term growth “We are at a major inflection point globally as we think about the challenges of increasing population and urbanization, loss of fresh water and arable land, worker welfare, food safety, and food security, and AeroFarms is uniquely positioned to address each of these areas with proprietary growing technology and unmatched growing history and expertise.” - Mr. David Rosenberg, CEO 5 AeroFarms is leading the way to #ZeroHunger through it’s revolutionary farming practices. The Path to The Future of Farming 6 Focusing on these areas will allow AeroFarms to decrease its operational expenses and grow long-term “390x more efficient” – Marc Oshima Mahwash Waqar 7 The Aeroponics Industry 8 Feeding the world through environment-friendly business models Challenges 9 Similar struggles across the board – explore the way forward for farming 4.0 AeroFarms 10 Fix the home base first before pursuing global expansion The Customer 11 Finding a way to attract and retain the customer and consumer through new partnerships, education and engagement AeroFarms: Critical Look 12 Alternatives 13 Adjust the business model for sustainability AeroFarms needs to decrease it’s operational expenses through technological efficiencies and shifting its growth to a franchise model. Operational Expenses must be decreased in order for the business to remain profitable in the long run. AeroFarms cannot continue to grow with such high capital expenditure requirements. 14 AeroFarm must adjust it’s business model for profitability and long-term growth Recommendation 15 Steps to perfect the US market The Farm of the Future Gibson Yin 16 AquaFarms Financials Today $50 million in revenue Operating 7 plants globally Positive profit