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WINTERSHINE CONFIDENTIAL PROPERTY

Wintershine

Beyond PetroleumFood and Biofuels from Marine AlgaePrototype of an Offshore Algae-Oilfield

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Wintershine Disclaimer

The information, datas and figures in the present documents are the result of Wintershine best estimation and current understanding of the proposed project

However established in good faith, Wintershine will not bear any liability related to the information provided or suggested by the present document or for any use or decision that any third party could take based on the information provided in the present document


Wintershine Sustainable ResourcesUnprecedented Demand

CROWDED7b People

FLAT2b in the developed world

HOT & Depleting


Wintershine An Experienced Executive Team based in SingaporeDr. Dirk EichelbergerChairman and CFO46 years old, German

Former CEO of a listed German companyHeld CEO and CFO positions in divisions of two mid-cap German and Swiss companies9 years experience in Asia, including setup of 5 plants and a distribution network

Giovanni DragoFounder, CEO40 years old, Italian

15 years experience in automotive, glass, metals and electronic industries + strategy consultingTrack record in setup industrial innovation, operations and new businessRecognized extensive engineering competence

Dr. Michael VoigtmannCTO42 years old, German / Australian

Background in coal processing, agrifood, polymers and organic chemistry12 years experience in Asia COO and division CEO positionsPhD in Oil and Gas

To be RecruitedCOO

Experience in managing operations in the selected plant locationExperience in fish farming, oil and gas, or other offshore operating industries


Wintershine Primary Resources: the World is Shrinking

2.5 less land per peoplethan in 1960

ILLUSTRATIVE

Energy, Food and Resources: Desperate Need in Asia

Volu

me


Wintershine Petroleum SubstitutesUnprecedented PerspectivesAdditional 2.5 trillions USD market expansion in next 15-20 years

Internal estimate based on World bank and BP reports

Enormous Threat on Environment

Fossil Fuels will capture most of

next 15 years Market Expansion

+2.0%

+2.2%

+2.4%+4.1%

2008 2020


Wintershine No Renewable Solution at Petroleum Scale

81079

Today Renewable = Hydroelectricity

Renewable without Hydroelectricity: 0.6% of world Energy in 2008

1980 2008

CAGR: +2%/yr

+1%

+2.2%

+2.7%

+4.9%+2.7%

Source: BP


Wintershine Renewable = Oceans = Algae

20,000 km

2,000 km

An area of 900 x 900 km shall cover 100% of World Energy Needs

Area of interest for extensive algae cultivation

All renewable options requires extensive surface Electricity is not shippable and cannot be produced far from consumers Biofuels are the single reasonable energy carrier from remote areas

70% of Earth is Oceans


Wintershine What are micro-Algae

Photosynthetic unicellular organisms

80,000 marine strains

Sized 5-30 microns

High yields: 30x palm oil

Doubling times 4h - 5d

Composition depends on process conditions

Oil

Food

Example: Isochrisis Galbana


Wintershine Booming Algae BusinessCognis - Australia

Ketura - Israel

Cyanotec - Hawaii

Earthrise - California


Wintershine The Gold Rush> 2 b$ Private Investments in 2008-2010

but Bottleneck to Petroleum Scale

for ALL Actors

is CO2 Supply

Atmosphere: too slowIndustrial CO2 Capture:

too expensiveRefineries, Coal Plants, Waste Waters sources:

not scalable

Already Invested in the Algae Business


Wintershine Our Proposal

a unique offshore algae sustainable process to co-produce food and biofuels

relying ona natural efficient solution to capture CO2,

and therefore sole potentially scalable to compete with the

petroleum industry


Wintershine Unique Offshore Input Free Platform

Micro-algae cultivation

SUN

CO2

FERTILIZERS

Harvesting & Refining

ENERGY

OIL

FOOD

ENERGY

Ocean Thermal Energy Conversion (Otec)+ Electrolysis to Fertilizers

Floating Greenhouse

CO2 CaptureProcess

-Artificial

Upwelling in Deep

Seawater


Wintershine Algae-Oilfield 30,000 Barrels of Oil Equivalent* per Day

Floating flexible island Extensive greenhouses for algae cultivation FPSO equivalent central processing platform

Bioprocessing Plant

Solar O2 towerAlgae

ILLUSTRATIVE (PRECISE CONCEPT CONFIDENTIAL)

OTEC, CO2 Capture Device, Wave Energy

Slack Mooring

*1T of proteins = 5.87 Boe1T of lipids = 7.35 Boe


Wintershine Outputs & Customers

Biodiesel & Jetfuel

PUFA, DHA, EPA

Fishery

Carotenoids, Vitamins, Pigments

Proteins, AdditivesFood, Feed, Fishmeal

Oleochemicals & Biomaterials

To the Energy and Chemical Industry

To the Agrifood Industry

To Nutritional, Cosmetic, Pharmaceutical Industries

ALGAE CULTIVATION& PROCESSING

OFFSHORE40-50% of sales

40-50% of sales

0-20% of sales


Wintershine Competitive on the Petroleum Market

Competitive with a petroleum price as low as 50 $/barrel(including relevant safety net !)

Far Less Risks than with PetroleumNo Exploration + No Expropriation + No Spill Pollution

*Break Even estimated at around 40$/barrel


Wintershine and addressing also the critical need for food

Asia heading toward consuming 50% of world proteins


Wintershine Business Model Single Unit at Industrial Scale

1,650 m$ Sales

1,000 m$ CFO

8.5% Rate / 20 yrs

9,500 m$ PV CFO

4,500 m$ Inv + WK

5,000 m$ NPV

Expenses and taxes650 m$

EBITDA / SALES 77%SALES / ASSETS 36%ROA 27%

PERSPECTIVE ESTIMATE


Wintershine Overall Planning

Development & Specialty Production

Mass Production

0. Prototype 1. Pilot 2. Break Even Unit

3. Full Scale Duplication

Fish Sales

Nutraceutical Sales

Bio-Diesel and Protein Meal


Wintershine Scale Up

PILOT (Ph.1)

FULL SCALE UNIT

PROTOTYPE (Ph.0)

BREAK EVEN UNIT(Ph.2)


Wintershine First Round : Prototype Outline

Determine Yields, validate Bioreactors Use Algae as Fishmeal (Sell Fish) 10 ha Cultivation

Artificial Upwelling and OTEC

Algae Cultivation : 10 haSingle Module

Water Input

Sun irradiation

OffshoreFish Farms

Prototype


Wintershine Second Round : Pilot Outline

Include Harvesting and Determine Overall Energy Efficiency Harvest Algae, Extract and Sell Nutraceuticals (+Fish) Scale up 10x to 100 ha semi-industrial cultivation

Artificial Upwelling and OTEC

Algae Cultivation : 100 ha10 Modules x 10 ha

Water Input

Sun irradiation

OffshoreFish Farms

Harvesting & Milling DecanterOilOutput

BiomassOutput

10 modulesPilot


Wintershine NASA Omega ProjectSole Other Offshore Algae Project


Wintershine NIOT realized Otec floating plantyear 2000 South India

1 MW NH3 Closed

Kalina cycle 1,000m deep 0.88m pipe

diameter 5,400 m3/h

deep water Cold water at

7C Warm water

at 29C 6.4 m$ capex


Wintershine Equator: Outside Hurricanes Way


Wintershine Development Platform Best Option in Manado - North Sulawesi

Bali

Sulawesi

Kalimantan

Jawa Flores

Moluka

Philippines

HQ and Financial Control from Singapore

equator

Singapore Manado


Wintershine Alternative locations(to be adapted to investors)


Wintershine Why HQ in Singapore ?

Ideal geographical location at the equator, mid way of Indian and Pacific ocean

Available competence in marine engineering, water management, bioscience and energy

Attractive location for worldwide talents Business friendly environment Excellent financial and logistic hu

algae es i 14 dec 2010 to website

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