Verde Investment Highlights
Investment Highlights
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TLGY
Breakthrough proprietary technology - Verde has developed PolyEarthylene™, a proprietary bio-resin that we believe is among the first of
its kind with the potential to achieve a full set of environmental¹ and industry requirements capable of significant market adoption.
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Large addressable market – The estimated $600 billion global plastics market is under enormous regulatory pressures to develop
more eco-friendly solutions, while market penetration of green plastics is estimated to be still below 2%.
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Strong customer interest - Verde's proprietary solution has the potential to serve ~50% of the global plastics market (i.e.
potential TAM of up to $300 billion). The potential sales pipeline is currently over $250 million. Recently, Vinmar, a leading global
distributor of plastics, has announced a partnership with Verde, and has been working closely to market PolyEarthylene™ to their
large corporate customer base.
Potential to secure feedstock supplies - Strategic supplier relationship with Braskem is expected to secure sufficient feedstock
that would enable Verde to achieve its expansion plan for most of Yr 12 and Yr 2.
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Strong unit economics and unique SPAC structure Strong margin business with low operating costs expected to deliver
operational breakeven by the end of Yr 1 (monthly run-rate)². The unique warrant structure of TLGY is expected to provide a
potential counterweight to redemption pressures, while generating high potential returns for the stakeholders.
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Verde's skilled management team and TLGY's best-in-class operators Verde's experienced management team, assisted by TLGY's
deep roots in private equity and transformational operations, is expected to drive efforts to scale production capabilities and deliver on
growing customer interest.
Note:
1. PolyEarthylene TM passes biodegradation testing in an industrial composting facility pursuant to ASTM D5338, representing 96.5% effective biodegradation in 6 months, which is a key element in D6400 testing (pending). Additional landfill biodegradation testing
underway pursuant to ASTM D5511 standard.
2. Year 1 represents the 12 month period from T minus six months (T-6) to T plus six months (T+6), where T is the closing date. For example, if the Proposed Transaction were to close on December 31, 2023 then Year 1 would be between July 1, 2023 to June 30, 2024.
Verde
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