AeroFarms SPAC Presentation Deck
Models 6 & 7 Financial Performance Pathways: CapEx, Revenue
Capital savings over time are expected to reduce capital costs and drive capital efficiency from Model 5 to Models 6
& 7. Beyond yield, revenue gains are achievable through price, to achieve Models 6 & 7 financial performance.
Total Project Capital
Grow Towers and
Related Infrastructure
Processing Equipment
and Related Infrastructure
Project Working Capital
and Closing Costs
Revenue
Yield
% Total Capital
(Model 5 Farm, approximate)
O
Price
AEROFARMS
Relative Opportunity
for Capital Savings
Low Med High
Relative Opportunity
for Revenue Increase
Drivers of Capital Savings
LED efficiency, optimization of environmental control technology, scale,
value engineering
Purchasing at scale, design and procurement optimization, shift of
spend to lease cost through tenant improvement allowance
Start-up costs, construction and ramp-up timelines
Drivers of Revenue Increase
Optimization of light intensity, spectrum, duty cycle; optimization of
grow algorithms, environmental controls, and variety selection (incl.
genetics)
Currently priced comparably as organic product, which is sold on-shelf
at approx. $3.99 per retail unit; AeroFarms is essentially price takers in
established distribution channels, though it sells what it believes to be
premium product
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