abf ready to launch

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ABF Florida Expansion Plan

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Page 1: ABF Ready To Launch
Page 2: ABF Ready To Launch

In 2008 we introduced our Thermal Depolymerization process for recycling grease trap waste. Over the last two years we have invested in improving our process, reaching major milestones in terms of daily capacity and brown grease recovery.

Since beginning operation at our first plant in Kissimmee, Florida in 2009, we have processed over 9 million gallons of grease trap waste, producing over 283,000 gallons of brown grease and 300 tons of organic solids.

We are now entering the commercialization phase of our business plan, embarking on an aggressive expansion which will lead us ultimately to becoming a national brand and leader in waste oil and grease reclamation and distribution.

Page 3: ABF Ready To Launch

We are the leading grease trap waste recycler in Florida. Using our proprietary process, we can recycle over 60,000 gallons of waste per day, per plant.

Its is estimated that over 4 billion pounds of grease trap waste is created in the U.S. annually. It is a cost to the food service businesses that produce it; the trap grease haulers that collect it; and the municipal landfills and dumping sites where it is taken for disposal.

We turn this costly and troublesome waste into products that can be used for renewable energy generation and to increase agricultural yields, among many other applications.

Responsible

Revolutionary

Recycling

Page 4: ABF Ready To Launch

We recycle 99% of grease trap waste contents for reuse. Our disposal, or tipping fees are set at a meaningful discount to market rates - saving haulers money and insuring a steady supply of raw material in the markets in which we operate.

Grease trap waste is separated into three commercially marketable products:

Brown Grease – a feedstock for biofuel production and other applications.

Organic Solids – a composting material and 100% organic soil enhancer.

Reclaimed Water – perfect for orchard groves, sod farms, parks and golf courses due it its high nutrient content.

Page 5: ABF Ready To Launch

Tipping Fee

We receive a tipping fee for every gallon of grease trap waste disposed of at our plants. Tipping fees range nationally from $.05 to over $.36 per gallon.

Brown Grease Sales

We supply brown grease to the biofuels industry but it has many other uses. In the last year, the price of brown grease has climbed over $1.20 per gallon and is expected to continue to track traditional fuel prices. In addition, we qualify for a $.50 per gallon cash incentive for every gallon of brown grease we produce which is used as a liquid fuel from a biomass.

Organic Solids

Our organic solids will be sold as a 100% organic soil conditioner and for composting. As volumes increase, we expect the sale of organic solids to become our leading revenue generator.

Page 6: ABF Ready To Launch

We have identified key target markets for each of the products and services we offer:

Trap Grease Haulers

Municipalities

Land Applied Facility Operators

Biorefinery Operators

Animal Feed Manufacturers

Waste Oil Exporters

Waste-to-Energy Facilities

Over 90% of the grease trap waste produced in the U.S. is destined for landfills and private dump sites.

We are currently the only company with the ability to deploy at a multi-million gallon per year volumes responsibly.

Page 7: ABF Ready To Launch
Page 8: ABF Ready To Launch

Kissimmee, Florida (Current Plant)Stand Alone Model – 50,000 gpd

Plant City, FloridaMunicipal Partnership – 55,000 gpd

Hillsborough County, Florida (Tampa – St. Petersburg)Land Applied Model– 55,000 gpd

New Smyrna Beach, FloridaLand Applied Model– 65,000 gpd

Port Charlotte, FloridaPublic Private Partnership – 60,000 gpd

Fort Myers, FloridaLand Applied Model – 50,000 gpd

Page 9: ABF Ready To Launch

Fully Operational

+ 8 Weeks

Site Construction Completed and Equipment Installed

+ 5 Weeks

Contracting and Commitments

- 4 Weeks

Site Selection and Permitting

- 8 Weeks

Intake and offtake contracts are in place prior to site construction.

Fully operational, OSHA compliant plant delivered by Sling Shot Industries within 8 weeks of permitting.

50,000 gpd plant cost of $1.5 million, plus working capital and contingences of $350,000.

Page 10: ABF Ready To Launch

FYE 2010 Results:

• 213% Increase in Disposal Fees• 3,375% Increase in Brown Grease Sales• 9 million gallons of Grease Trap Waste Processed• 283,000 gallons of Brown Grease Sold• 300 tons of organic solids created

2010 2009

Revenue

Disposal Fees $481,153 $226,298

Product Sales $197,213 $74,395

Incentives $53,644 $0

Other Income $1,012,933 $0

Expenses $428,172 $175,656

EBITDA $1,316,771 $125,037

Page 11: ABF Ready To Launch

2011 2012 2013

Sales $2,244,400 $10,611,800 $20,079,000

COGS $136,400 $656,400 $1,261,000

Expenses $665,938 $1,653,435 $2,336,621

EBIDTA $1,442,062 $8,301,965 $16,481,379

Proposed Plant Delivery:

Plant 2 - September 2011Plant 3 – December 2011Plant 4 – March 2012Plant 5 – June 2012Plant 6 – September 2012

Page 12: ABF Ready To Launch

• Darling International• Southwaste Services• Florida Biodiesel Fuel• Southern Environmental Technologies• KRK Services• Your Environmental Solutions• Jackson Commodities• Slingshot Industries• Affordable Bio Feedstock Partners• Beyond Green Energy

We will continue to secure long-term, incentivized contracts with major trap grease haulers operating in key markets as we expand throughout

Florida.

Current purchase contract from Florida Biodiesel for 100% of the brown grease produced during recycling operations.

Page 13: ABF Ready To Launch

Our management team and advisory board is composed of a group of entrepreneurs and professionals highly experienced in the areas of early stage company management, business development, sales and marketing and finance.

Bill Freeman – ChairmanMimi Freeman – Chief Executive OfficerJack Owens – Chief Financial OfficerBlake Freeman – VP, OperationsRichard Buffington – VP, FinanceCliff Bodden – VP, Business DevelopmentRonel Jumpp – Corporate Finance AdvisorSteven Karpel – Bioenergy Consultant

Page 14: ABF Ready To Launch

2008 Founded by the Freeman Family as a Florida corporation.

2008 Introduced Thermal Depolymerization process for recycling grease trap waste.

2009 Commenced operations at Kissimmee plant.

2010 Completed plant improvement and commenced commercialization phase of business plan.

2010 Entered into Letter of Intent to merge with Green Street Capital Corporation, a publicly-traded company.

Page 15: ABF Ready To Launch

We are currently seeking $10 million in financing through the issuance of our convertible preferred stock.

Interested parties seeking additional details on our offering, or a Confidential Offering Memorandum should contact:

Richard BuffingtonVice President of Finance

Telephone : (877) 344-1194 Ext. 107E-Mail: [email protected]

FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO BE AN OFFER TO SELL SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY SECURITIES.

Page 16: ABF Ready To Launch

1745 S. John Young Parkway

Kissimmee, Florida 34741

T: (877) 344-1194

F: (407) 348-4194

E: [email protected]

W: abiofeedstock.com