OLYMPIO METALS LIMITED — Investor Presentation 2017

Oct 16, 2017

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Transformational Technology for Agronomists and Growers Investor Presentation October 2017

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Transforming the agronomy industry

Disclaimer

1. This document is not a product disclosure statement for the purposes of the Financial Markets Conduct Act 2013 (New Zealand) or a disclosure document under the Corporations Act 2001 (Australia).

2. This presentation has been prepared solely for information purposes and does not purport to contain all of the information that a potential investor may require. It is distributed on the understanding that no representation or warranty is made by CropLogic with respect to the completeness, accuracy or reliability of the information contained within.

3. This presentation is not financial product or investment advice or a recommendation to acquire CropLogic’s securities, nor is it legal, accounting or tax advice. This presentation has been prepared without taking into account any person’s individual investment objectives, financial situation or particular needs. You are solely responsible for forming your own opinions and conclusions on such matters and for making your own independent assessment of the information in this presentation. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and seek independent professional advice.

4. Past performance and historical information given in this presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of the CropLogic’s future financial performance or condition. Actual outcomes may vary materially from any forecasts, projections or implied forecasts. A number of important factors and risks may cause actual performance to differ materially.

5. This presentation must not be disclosed to any other party and does not carry any right of publication. This presentation is incomplete without reference to, and should be viewed solely in conjunction with, the oral briefing provided by CropLogic. Neither this presentation nor any of its contents may be reproduced or used for any other purpose without the prior written consent of CropLogic.

6. This presentation has been prepared in accordance with the laws of New Zealand.

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Transforming the agronomy industry

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What is CropLogic?
Science | Technology | Agronomy
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CropLogic is an agronomy services company that blends science, technology, and agronomy and sells to large-scale crop growers. Agricultural Technology Company founded on technology out of the New Zealand Institute for Plant and Food Research. Science-based predictive modelling that can improve decision making and optimise crop yields for production and profitability. Operations in New Zealand, USA and a strong presence in Australia. Generating approx AU$2.3M per annum

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What is agronomy?

The science of crop production and field management Responsibilities include: water, soil, plant, pest and weed management. Ultimate outcome: get the most from the crop. Problems:

[Resource intensive - up to ] two field visits per week

[Scale]

[Difficult to systemise]

[Underground crops difficult to ] predict

[Traditionally very relationship-] based sales model

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Science | Technology | Agronomy
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What is the CropLogic system?

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Patent US8671006
User management inputs User weather inputs User soil inputs
Crop Model Soil Model
Demand Supply
Predictions Predictions
Potential yield Stress Responses Management
Schedule
Output
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Blending science, technology, and agronomy Monitoring: in-field, above-field, and macro environmental Hardware platform Aerial imagery Internet of things Cloud based analytics platform Based upon a patented method and deep scientific knowledge

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Science | Technology | Agronomy

The technology

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User management inputs User weather inputs User soil inputs
Crop Model Soil Model
Demand Supply
Predictions Predictions
Potential yield Stress Responses Management
Schedule
100
80
Output
60
40
20
0 Patent US8671006
Sep Oct Nov Dec Jan Feb Mar Apr
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Patent-protected method backed by trade secrets

Key Factors: Modular model, allowing replacement of key inputs to suit geography and crop Complex algorithms - high entry barrier Ability to forecast yield impact of decisions and circumstances (and financial implication) Ability to validate inputs Refinement of model happens with every new commercial field application

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Science | Technology | Agronomy

30 years of research & 5 years of development

Over 62,000 acres of trials since 2011 with key food processing companies.

[Over 600 fields in 4 nations]

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United States China
550 trial fields, 8 field trials,
1 multinational 1 multinational
processor and 1 processor
major US processor
New Zealand Australia
124 field trials, 2 field trials,
1 multinational 1 multinational
processor processor
[$7M spent to date]
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Science | Technology | Agronomy

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CropLogic sensor platform

CropLogic in-field sensor unit pictured in a potato field in Tasmania during the current (2016/2017) season Science | Technology | Agronomy

A common platform to acquire critical data from fields[Assembled in market] Data acquired: soil moisture subsurface temperature rain/irrigation measurement Satellite communications provide standardisation of probe design and significantly reduced internal support overheads

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Eyes on the field

Colour infrared image of fields in Canterbury acquired by CropLogic UAV in 2014 Science | Technology | Agronomy

The view from above CropLogic uses aerial imagery to identify issues that may be undetected by in-field sensors. Pest and weed outbreak recognition Irrigation problem identification Emergence monitoring Significant development in pattern recognition and image processing automation is currently underway. This will increase capacity and promote further scaling of aerial imagery services.

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Transforming the role of the agronomist Canterbury Site 0.32 Modelled soil moisture 0.30 Measured soil moisture 0.28 0.26 0.24 0.22 0.20 0.18 Science | Technology | Agronomy

Optimising the use of skilled resources Early detection of in-field issues Changes the agronomist role from management by routine to management by exception

Example shows an eighteen week growth period CropLogic modelling would have highlighted 9 events that (possibly) would have required in-field attention. This compares with 1836 visits required under traditional methods.

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CropLogic revenue model

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All figures are USD
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~
$25-35
REVENUE
~ ~
$25 $10
PER ACRE
REVENUE
PREDICTIVE SERVICES
~
$5
MARGIN
~
$12
MARGIN
~
$20
COST
~
$13
COST
Current Practice CropLogic Model
PHASE 2
PHASE 1
CURRENT
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A business-to-business per-acre per-crop recurring subscription model commonplace in the markets of interest

Traditional Agronomy Service Company Labour costs and travel time means margins are generally low

CropLogic CropLogic System greatly reduces labour and travel costs Allows agronomists to concentrate on high-value services

Predictive capabilities mean growers will pay more

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Science | Technology | Agronomy

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Value for growers

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ESTIMATED VALUE TO GROWERS
All figures in $USD
Currently With CropLogic (+6.25%)
Revenue 2,940 3,124
O eratin costs
p g
Seed 299 299
Fertilzer and chemicals 721 721
Irri ation 99 99
g
Custom services 109 84
Cro Lo ic services 35
p g
Labour and other 555 555
Ownershi costs 960 960
p
Total 2,742 2,753
er acre 198 371
Profit p
BOTTOM LINE (for 1,000 acres) 198,000 371,000
Average optimal algorithm
Potato variety Average baseline yield (t/ha) Average gain
yield (t/ha)
Alturas 74.6 70.4 5.99%
Ranger 68.3 62.5 9.38%
Russet Burbank 62.2 59.9 3.88%
Shepody 54.0 50.0 8.01%
Umatilla 77.6 73.1 6.18%
Weighted average 6.25%
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Potential yield and profitability increases

Current focus : potatoes Up to 90% increase in the bottom line

Target subscription fees of US$35 per acre per crop Average yield increase of up to 6.25%

Profitability increase of up to 90% based upon these yield increases

Financial figures obtained from Idaho growers, based upon 2016 conditions, and assume a 6.25% yield increase.

Yield gain estimates based upon access to management decisions of Washington potato growers and comparative gains from CropLogic decision support.

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Science | Technology | Agronomy

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Current positioning

CropLogic USA

Current base of operations in Pasco, Washington Approximately 60,000 acres of high-value crops under managemzent today (of a total of ~100,000)

Significant growth opportunities in the Pacific Northwest Servicing Idaho and Oregon clients with aerial imagery now Newly-licensed crop types- corn, cotton, soy, wheat Strategic base for a push through the MidWest into the South

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Science | Technology | Agronomy

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Revenue generating with defined growth strategy

Market Development US growth strategy

Emerging market entry strategy: Australia, India, China, Russia and Brazil

Long-term plan with flexibility to react to favourable market opportunities

Revenue Growth

Growth through acquisition Market entry and growth through strategic acqusitision Drive business efficiencies

Growth through Research and acquisition Development Market entry and Further research and growth through development to reduce strategic acqusitision costs and increase product offering Drive business efficiencies Product development Increase acres under Software Development management Model Development Increase revenue per acre

Currently generating AU$2.3M revenue per annum Very stable customer base poised for growth

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Science | Technology | Agronomy

Size of target market

Target market segmentation Irrigated cropping farms of 1,000 acres or more

Why USA First? At US$35 per acre, a segmented addressable market of some US$1 Billion per annum. Relationships and brand recognition that has been developed through successful trials Marketability of uptake of CropLogic system in the USA to other regions International opportunities Outside the US, approximately 60 million acres meet the target farm criteria, and represent a total addressable market of USD$2 billion per annum Size of an addressable market likely to grow

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Science | Technology | Agronomy

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Use of Funds

Total Raise

$8m

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FULL
ALLOCATION OF FUNDS %
SUBSCRIPTION $
Market Development 3,000,000 37.5
Research and
2,600,000 32.5
Development
Licence Payments 360,020 4.5
Expenses of the
747,896 9.3
Public Offer (all inclusive)
Administration 350,000 4.4
Working capital 897,284 11.8
Total 8,000,000 100
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Market development ($3M)

50% in the US market, initially targeting Washington/Idaho/Oregon to capitalise on the investment in Professional Ag Services Inc and the regional potato market

50% in rest of world

Emerging markets entry strategy

Research and development ($2.6M)

Sensor platform development Buildout of existing development team Analytical platform development Business process systemisation Buildout of existing scientific modelling and software development teams

Refinement and development of current IP position Yield prediction/optimisation development Payment for licensing of US crop types

Further licensing of near-ready technology in relevant crops

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Science | Technology | Agronomy

Board of Directors

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John Beattie Chairman John was Founder Chairman of Genesis Research & Development Ltd, New Zealand’s first listed biotech company. He was General Manager at Brierley Investments Ltd for 12 years and currently chairs the Commercial Committee of the Malaghan Institute of Medical Research.

Science | Technology | Agronomy

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Stephen Hampson Director Stephen was inaugural Chief Executive of the award winning Canterbury Innovation Incubator before establishing Powerhouse Ventures, of which he is currently the Managing Director. In this role, he has overseen the incubation and growth of more than 50 companies. Stephen has previously led innovative, high growth companies in Europe.

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Peter Roborgh Director Peter has over 20 years experience in marketing and general management in FMCG, financial services, utilities and business services in New Zealand and Asia. After accepting a takeover offer of an IT company he set up, Peter joined the CropLogic board to provide his expertise in customer focussed business.

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Steve Wakefield Director Steve has been with global accounting and management consulting firm Deloitte for over 30 years where he is a senior partner. He is a a director of the NZ Health Innovation Hub, former Deputy Chair of the Canterbury District Health Board, and an experienced director and trustee. Steve was named as New Zealand’s top Chartered Accountant in the 2012 NZICA annual leadership awards.

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Management

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Managing Director Jamie Cairns Jamie was the CEO at Snap Internet where he led the transformation of the company from a residential telco into a successful nationwide service provider. As well as co-founding a datacentre company and growing an ICT service company in London, he has also held numerous consulting roles, including for the UK Ministry of Defence.

Science | Technology | Agronomy

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Chief Financial Officer Company Secretary James Cooper-Jones James’ career has seen him hold accounting and secretarial roles in companies in the resources, agriculture, import / export and information technology industries. James has also gained experience in Initial Public Offerings, takeovers, asset valuation and sale negotiations, rights and entitlement issues and other capital raising mechanisms.

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Chief Technology Officer David Rankin Dave was the CEO of an agricultural data company prior to its acquisition by CropLogic. He pioneered the use of innovative, mesh network systems in the New Zealand viticulture industry for environmental monitoring and control. Dave has broad research and industrial experience in communications, field sensing and systems modelling.

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Chief Operating Officer Matthew Journee Matthew has broad operational, project and engineering management experience in new technology companies in both New Zealand and the United Kingdom. He is a Fellow of the UK IMechE. Matthew has also had experience in the venture capital industry where he specialised in technology transfer and commercialising research.

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CropLogic in the Media

Agritech CropLogic set for market listing

14 July 2017 | Author: Trevor Chappell

Agrarian IPO CropLogic has good chances in US market

4 Aug 2017 | Author: Tim Boreham

Science | Technology | Agronomy

Interview with Ticky Fullerton

24 July 2017 | Interview with Ticky Fullerton

CropLogic is bringing sophisticated IP to farming sector

05 Aug 2017 | Author: Simon Herrman

Internet of things disrupter CropLogic heads to ASX

25 July 2017 | Author: Simon Evan

CropLogic share issue fully subscribed in preparation for ASX listing

• 16 Aug 2017 | Author: Peter Hemphill

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For more information contact:

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Capital Structure

Jamie Cairns

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Shares on issue 123,269,440
Escrowed 43,478,318
Listing Price $0.20
Market Cap on Listing $24,653,888
Enterprise Value on listing (approx) $16,653,888
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Managing Director jamie.cairns@croplogic.com +64 21 645 445 James Cooper-Jones Chief Financial Officer Company Secretary james.cooper-jones@croplogic.com +61 419 978 062 Rod North

Managing Director Bourse Communications Mob: +61 408 670 706

Jarrod Doyle Institutional Sales Hunter Capital Advisors Mob: +61 412 436 907

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Science | Technology | Agronomy