Ginkgo Investor Conference Presentation Deck
Programs drive both predictable near-term revenues and long-term
value creation with asymmetric upside potential
Foundry
Upfront payments to cover R&D
costs for customer programs
Yr 1
Foundry
Yr 2
Yr 3
Highly predictable revenue
stream independent of
program success
Note: Illustrative economics; variation exists between programs
Yr 4
Downstream Value
Value sharing via customer equity and/or
royalties on completed programs
Royalty Stream
Yr 5
Yr 6
Yr 7
Yr 8...
OR
Yr 0
Equity
Equity represents the risk- adjusted NPV of
a potential royalty stream
T--I
Yr 4
Yr 5
I
Yr 6
I
I
I
1
Yr 7
I
1
Yr 8...
Cash flows from value share are typically 100% contribution margin
as Ginkgo incurs minimal ongoing support or delivery costs
The choice to structure downstream economics as royalties or
equity is typically based on customer size
2021
RAYMOND JAMES | JUNE
GINKGO BIOWORKS
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