Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer...
Transcript of Increasing Farm Profitability through AI- Based Field Agronomy · 2019-05-01 · Legal disclaimer...
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Increasing Farm Profitability through AI-Based Field Agronomy
Simcha Shore Founder | CEO
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.
Field Crop Area Harvested Worldwide*:
2 Billon Acres*The majority of the world are small to medium-sized growers
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The Global Field Crop Market Production Value:
$500 billion
Market
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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
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.
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From Precision Ag to Decision Ag
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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):
--
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From Precision Ag to Decision Ag
Actionable Information
SatellitePlane Weather Information
Smart Farming
Drone Smart phone
AI
External Sources
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
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Pilot Case Study in Potatoes 2017-2018
Acres covered: 100Location: Southern Israel Scouting type: Manual & drone Frequency: 2x/week
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Pilot Case Study in Potatoes 2018
Early Blight 03/2018 Late Blight 12/2018
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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
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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
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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
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
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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
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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
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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
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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
Thank you!
Simcha Shore, CEO - 2019
• Simcha Shore, CEO • +972-52-9256-266 [email protected]
www.agro-scout.com