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Science, not Science Fiction

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  • “Science, not Science Fiction”

  • CONFIDENTIAL 2

    "THIS DOCUMENT INCLUDES FORWARD-LOOKING STATEMENTS. THE COMPANY BASED THESE FORWARD-LOOKING STATEMENTS ON ITS CURRENT EXPECTATIONS AND PROJECTIONS ABOUT FUTURE EVENTS. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE DISCUSSED IN, OR IMPLIED BY, THESE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE IDENTIFIED BY WORDS SUCH AS "BELIEVE," "EXPECT," "INTEND," "PLAN," "WILL," "MAY," "SEEK," "TARGET," "ESTIMATE," "CONTINUE" AND OTHER SIMILAR EXPRESSIONS. IN ADDITION, ANY STATEMENTS THAT REFER TO EXPECTATIONS, PROJECTIONS OR OTHER CHARACTERIZATIONS OF FUTURE EVENTS OR CIRCUMSTANCES ARE FORWARD-LOOKING STATEMENTS."

    Forward looking statements

  • CONFIDENTIAL 3

    • No manufacturing innovation focused on preserving product efficacy and stability

    • Only beauty and wellness brand with patent-pending, Green “ESP” technology addressing industry challenges regarding efficacy and stability

    • Our revolutionary technology eliminates use of harmful preservatives and wasteful, shortened topical product shelf lives

    • We estimate topical product waste estimated at $300B

    Odyssey Overview

    “Food has a lot of problems like skincare, you need to protect it from

    oxygen and light, and keep it fresh.” Beauty Matter, April 2019

  • CONFIDENTIAL 4

    • Competitors use manufacturing processes that ARE exposed to oxygen and light

    • Competitors must add harmful preservatives and additional ingredients to attempt to maintain efficacy and stability

    • > 80% of all common active ingredients in anti-aging skincare products WILL degrade with exposure to oxygen and light

    • Examples: Antioxidants, Vitamin C&E, Retinol, Resveratrol, Peptides, common brightener ingredients

    • Product degradation results in inconsistent, ineffective performance, product waste

    Product Efficacy IS a Significant Problem

    https://www.google.com/url?sa=i&url=https://naturalskincare.com/&psig=AOvVaw0hj0p61Lo6nG3IAOif2AwW&ust=1591303459847000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCLj0m8_B5ukCFQAAAAAdAAAAABAD

  • CONFIDENTIAL 5

    Packaging ALSO causes Product Degradation

    Allure Magazine, Aug. 2015

    “The world of skin-care packaging is a little

    like online dating: A pretty appearance can

    draw you in, but that doesn't mean it's going

    to last. Some packages make products

    expire faster than you'd think.”

    Competitor offerings are packaged in jars,

    airless pumps that really aren’t, tubes,

    transparent glass, plastic bottles or

    medicine droppers that do NOT protect

    product ingredients and are NOT

    sustainable.

    https://www.google.com/imgres?imgurl=https://cdn.magazines.com/media/catalog/product/a/l/allure-magazine-3.jpg?auto%3Dformat%26fit%3Dcrop&imgrefurl=https://www.magazines.com/allure-magazine.html&docid=f0ifp0lmv0YXzM&tbnid=qcql7lckwMaaxM:&vet=10ahUKEwiljPyY3KbdAhUzHzQIHetKDrAQMwh7KAAwAA..i&w=400&h=542&bih=592&biw=1242&q=allure magazine&ved=0ahUKEwiljPyY3KbdAhUzHzQIHetKDrAQMwh7KAAwAA&iact=mrc&uact=8https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwiO0qSp3KbdAhWIHXwKHYcBDs8QjRx6BAgBEAU&url=https://www.magazines.com/allure-magazine.html&psig=AOvVaw3fCqN2e3Z1ltYmC3lscYY9&ust=1536335051405923

  • CONFIDENTIAL 6

    • Our products are manufactured in an oxygen and light free environment, the BEST way to ensure maximum efficacy and stability

    • Formulations alone CANNOT protect against product degradation

    • Our custom built formulation and filling line is fully sealed allowing no light or oxygen to enter

    • Our products are perpetually sealed in sustainable packaging that is air tight, free of light, and ALWAYS SAFE, CONTAMINATION AND GERM FREE

    • We are leading the sustainability effort by eliminating plastic waste and unrecycled glass (70% of total glass)

    Odyssey’s Solution

  • CONFIDENTIAL 7

    • Comparison of our technology containing retinol vs. the average of 10 competing retinol products

    • Over 6 week period, the preservation rate for competitive products was on average 67%

    • Over the same period, the preservation rate for our technology was 94.5%, almost a 30% improvement

    • We have improved our preservation rates to now approaching 100%

    Preservation Rate (Measures Efficacy)

    0.0%

    10.0%

    20.0%

    30.0%

    40.0%

    50.0%

    60.0%

    70.0%

    80.0%

    90.0%

    100.0%

    Our technology Avg 10 competitors

    94.5%

    67.0%

    % Retinol Preservation 6 weeks

  • CONFIDENTIAL 8

    • Maximum product efficacy and stability achieved by our manufacturing technology

    • Longer product shelf life

    • Eliminates harmful preservatives and other ingredients - LESS IS ALWAYS BEST

    • Innovative ingredient combinations that legacy manufacturing processes cannot achieve

    • ALWAYS SAFE, CONTAMINATION AND GERM FREE

    • Micro bubble structure for even application and absorption

    Technology / Product Benefits

  • CONFIDENTIAL 9

    • Patent pending manufacturing technology

    • Custom-built formulation tanks and filling equipment secures manufacturing trade secrets

    • Exclusive manufacturer provides strong competitive advantages

    • FDA registered, inspected Manufacturing and Laboratory area

    • Faster development, commercialization cycles

    • Always “first” in production line

    • Flexibility for smaller inventory runs vs. large MOQs

    • Technology protected from being knocked off

    IP and Competitive Advantages

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=2ahUKEwilt6TmgLzhAhUrHTQIHciCBmcQjRx6BAgBEAU&url=https://founderssg.com/careers/&psig=AOvVaw1Dymjp-P6SbrZkCJqWcB_I&ust=1554658597811145

  • CONFIDENTIAL 10

    • ALWAYS SAFE, CONTAMINATION AND GERM FREE

    • Sustainably packaged, no harmful propellants or green house gases used

    • Made with rigorous pharmaceutical processes and FDA protocols

    • Ingredient transparent

    • Paraben and Cruelty free

    • Non-comedogenic

    • Gluten free

    • Fast absorbing, Scent satisfying

    • Made in the USA

    Our Innovative Products are …

  • CONFIDENTIAL 11

    Product Pipeline (initial)

    • We have created a new skin care category we call “Transdermal” Mousse and

    Cream, a highly differentiated delivery of beauty and wellness products.

    • Formulations for Non-CBD Products also available for CBD products

    Time Product Key Benefits

    Launched CBD Dermal Hydrator Supreme hydration and moisturizing

    Q4 '20 - Q1 '21 Mousse Dermal Hydrator Supreme hydration and moisturizing

    Cream Dermal Hydrator Supreme hydration and moisturizing

    Retinol Facial Anti-aging

    Non-hydroquinone / Non Arbutin Skin Brightener Fades dark spots, uneven skin tones

    CBD & Copper Chlorophyllin Anti-aging

    Vitamin C, E & Ferulic Acid anti-oxidant combination

    Glycolic Acid Night A staple of any relevant skincare regimen

    Other 2021 Body Plus SPF Sunblock and sun damage

    Home administered Peel Reduce fine lines, wrinkles, scaring

    Lavender and Melatonin balm For relaxation

    Eye Product Crow's feet, puffiness, dark spots

    Acne Product Skin conditions

    Future Products addressing skin conditions Psoriasis, eczema, acne, inflammation, dry skin

  • CONFIDENTIAL 12

    Significant Market opportunity

    • Addressable Beauty and Wellness markets exceeding $400B

    • Global skincare $130B, forecasted at $179B by 2022, CAGR 4.7%

    • “The global beauty market is fragmenting, with the top 20

    brands steadily losing market share to start ups.” Credit Suisse

    • CBD Hemp market forecasted at $47B by 2025, CAGR 21%

    • Men’s personal care expected to reach $166B by 2022

    • Growth of Sexual Wellness Category exceeding $500M

    • Increased consumer interest and focus on PRODUCT EFFICACY

    “It’s not just makeup and face creams that require special handling: health and wellness has become a central feature of our beauty routine. Our

    medicine cabinets are overflowing with supplements, vitamins, probiotics,

    and medication that can lose efficacy if not stored correctly.” Beauty

    Matters, March 2020

  • CONFIDENTIAL 13

    Go to Market Strategy

    • DTC – Website and Amazon

    • Beauty, Health, Personal Care 10% of total Amazon

    sales or $20B in 2019

    • Health and beauty 3rd fastest growing category

    • 63% of shoppers start their online searches there

    • Retail

    • Specialty retail including dispensaries

    • Military bases

    • Select / Regional Physician Offices

    • International distribution

    • Future sales channel opportunities

    • Tele-Health / Online Pharmacy Partnership

    • QVC / HSN

    • MLM

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwj44OKF3bnjAhWJ4J4KHdNmBPMQjRx6BAgBEAU&url=https://www.newbeauty.com/blog/dailybeauty/11072-qvc-buys-hsn-home-shopping-network/&psig=AOvVaw0kuJLtqqx0Ku9HCgBMvHJ0&ust=1563376360120724https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwiZhaC23bnjAhVQnp4KHfOYAk0QjRx6BAgBEAU&url=https://www.webstagram.one/tag/vivatia&psig=AOvVaw2rvxDwKjjySZsFfjxZgYNX&ust=1563376479455550https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwjB4_-L3rnjAhVHoZ4KHU59DYcQjRx6BAgBEAU&url=https://www.facingacne.com/dermatologist/&psig=AOvVaw0bmvXyhDoZMDeL0znWFT57&ust=1563376561034460

  • CONFIDENTIAL 14

    Competition

    • Competitors use legacy manufacturing processes

    • Reduced product efficacy, stability, safety, and

    performance

    • Preservatives, additional ingredients required

    to try and maintain efficacy and stability

    • L'Oréal recent recall due to MOLD

    • Clean, natural products lack defined standards,

    poor ingredient transparency, unproven claims

    • Survey - 50% of brands UNTRUSTWORTHY

    • Botanical ingredients shown to cause skin

    allergies, irritation including causing dermatitis

    • Mini-refrigerators, insulated bags offered to

    protect product efficacy – unnecessary cost

  • CONFIDENTIAL 15

    >90 years of experience in CPG and waste industries

    Accomplished Team

    Michael Brower, COO/CFO, Co-Founder

    Over 30 years of experience in diverse consumer product markets including beauty. Executive roles with

    MDRejuvena, Senté, Odyssey Golf, Orange 21 (Spy Optics), Gunnar Optiks, KPMG. Successful exits with

    Odyssey Golf (# 1 global brand sold to Callaway), Led IPO with Spy Optics/Orange 21 (oversubscribed ).

    Director and Treasurer, SD Sport Innovators, Executive Chairman Bill Walton, NBA HOF.

    Robert Munroe, CEO, Co-Founder Over 20 years of experience in the pharmaceutical testing industry. Co-Founder of Founders Science Group,

    a testing and contract mfg. company. In previous positions, Robert has directed the activities of Quality

    Control and Research and Development groups and has been involved in handling FDA site audits and client

    sponsored audits of quality operations.

    Dr. Ron Gurge, Chief Product Officer, Co-Founder Over 20 years of developing pharmaceutical and cosmetic products, several of which have become the

    largest names in their respective categories. Co-founder of Founders Science Group, a testing and contract

    mfg. Ron’s experience includes the development of Antiperspirants / Deodorants, Shaving Preparations,

    Tooth Whiteners, Cosmetics and prescription products for Dry Skin, Acne and Atopic Dermatitis.

    Walter Larsen, Vice President & General Manager, Co-Founder, Director Walter has 24 years of experience in the waste management industries with Browning-Ferris Industries, Allied

    Waste, FCR Recycling, and Casella Waste Systems. Most recently he served as General Manager for several

    advanced recycling facilities with revenues exceeding $120M. Prior to that he was a Director of Facilities

    Management. Co-founder of Founders Science Group. Walter started his career serving our country in the

    US Navy.

  • CONFIDENTIAL 16

    Exclusive Development Team

    • > 35 years of experience developing

    pharma and OTC products

    • Strong science-based formulation

    experience

    • Successful product track record

    • Multiple patents awarded

    • Created several category leaders

    • Antiperspirants/ Deodorants, shaving

    preparations, tooth whiteners,

    cosmetics

    • Prescription based products including

    products for dry skin, acne, and atopic

    dermatitis

    https://www.google.com/url?sa=i&url=https://www.wlimages.com/fsg2017/h87906BE3&psig=AOvVaw0_5B1GQOvip-PrP9jlzriA&ust=1590204747394000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCMCWsu_KxukCFQAAAAAdAAAAABAv

  • CONFIDENTIAL 17

    Strategic Business Partners

    Amazon Partner

    • Currently represent brands selling over

    $300M annually

    • Brands include Brandables, Ju Ju Be,

    Coola, NuFace, Rip Curl

    • Access to Amazon search data to identify

    new product development opportunities

    Retail Distribution Partner

    • Ex-executives from major billion dollar

    brands

    • Worked with brands like North Face, Oakley,

    and Yeti

    https://www.google.com/url?sa=i&url=https://www.amazon.com/&psig=AOvVaw2SgiESPdSoA3rr3rVyC0GL&ust=1590208233226000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCJjazMLRxukCFQAAAAAdAAAAABADhttps://www.google.com/url?sa=i&url=https://weedmaps.com/learn/dictionary/dispensary/&psig=AOvVaw0-M9mBgWesZ2aAMZtrblTy&ust=1590208353557000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCLjlkPTRxukCFQAAAAAdAAAAABAD

  • CONFIDENTIAL 18

    Financial projections

    DTC / Online - ASP $80 - $150, Avg. GM >70%

    Retail - Avg. GM 50%

    International distribution – Avg. GM 50%

    Outsourced distribution and fulfillment

    Note: Forecast assumes we are able to achieve our $3M capital raise inclusive of WeFunder

    $(10,000,000)

    $-

    $10,000,000

    $20,000,000

    $30,000,000

    $40,000,000

    $50,000,000

    $60,000,000

    Yr 1 Yr 2 Yr 3 Yr 4 Yr 5

    Revenue $1,577,950 $6,944,215 $15,000,690 $31,590,540 $54,663,570

    EBITDA $(1,279,898) $938,047 $2,539,405 $7,198,418 $13,736,872

    Revenue

    EBITDA

  • CONFIDENTIAL 19

    Investment Opportunity

    • Seeking a raise of $50K - $107K through WeFunder

    • Allows us to launch our next products

    • Our overall raise target (inclusive of WeFunder) is $3 million

    • Allows us to achieve financial projections presented on pg. 18

    • Delaware C Corp., Qualified Small Business Stock

    • Use of proceeds

    • Sales and marketing $1.4M

    • Inventory $600K

    • Product development $500K

    • General / Other Working Capital $500K

    • Exit through sale to Beauty, Wellness, Cannabis, other consumer brand

    • Higher exit value based on industry / technology multiple

    • Beauty multiple 4-8 times revenue;

    • Technology multiple >8 times revenue

    https://www.google.com/url?sa=i&url=https://es.logodownload.org/sc-johnson-logo/&psig=AOvVaw3teKT7NyUQksA5FpTNE66R&ust=1591306412490000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCKCm277M5ukCFQAAAAAdAAAAABAIhttps://www.google.com/url?sa=i&url=https://es.logodownload.org/sc-johnson-logo/&psig=AOvVaw3teKT7NyUQksA5FpTNE66R&ust=1591306412490000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCKCm277M5ukCFQAAAAAdAAAAABAI

  • CONFIDENTIAL 20

    Strong interest in Beauty and Wellness Brands

    • Beauty M & A volumes are at historical

    highs, with over $17B in transactions

    (2018)

    • Drunk Elephant sold to Shiseido for $845M

    • Tatcha sold to Unilever for $500M

    • Elf buys clean beauty brand W3ll People for

    $27M

    • Oars + Alps sold to SC Johnson for $20M

    • Sun Bum sold to SC Johnson for $400M

    • Majority investment by SC Johnson in

    Coola

    • Glossier raises $100M series D at $1.2B

    valuation (est. sales $100M)

    https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiV9uip14DYAhVNx2MKHVFKDSUQjRwIBw&url=http://orendaenergy.com/unilever-uk-operations-to-be-powered-100-through-wind-power/&psig=AOvVaw0w1dTOs_tmDDurReFq7OAg&ust=1513037762850057https://www.google.com/url?sa=i&url=https://digital.hbs.edu/platform-digit/submission/glossier-a-direct-to-consumer-beauty-disruptor/&psig=AOvVaw2bZ_pKU5Wfwo83h4NRageN&ust=1591306235177000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCOj18_PL5ukCFQAAAAAdAAAAABAUhttps://www.google.com/url?sa=i&url=https://es.logodownload.org/sc-johnson-logo/&psig=AOvVaw3teKT7NyUQksA5FpTNE66R&ust=1591306412490000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCKCm277M5ukCFQAAAAAdAAAAABAIhttps://www.google.com/url?sa=i&url=https://es.logodownload.org/sc-johnson-logo/&psig=AOvVaw3teKT7NyUQksA5FpTNE66R&ust=1591306412490000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCKCm277M5ukCFQAAAAAdAAAAABAIhttps://www.google.com/url?sa=i&url=https://es.logodownload.org/sc-johnson-logo/&psig=AOvVaw3teKT7NyUQksA5FpTNE66R&ust=1591306412490000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCKCm277M5ukCFQAAAAAdAAAAABANhttps://www.google.com/url?sa=i&url=https://www.massmarketretailers.com/e-l-f-releases-eyes-lips-face-song/elf-logo-2/&psig=AOvVaw03PRopadeXTS11HF4MPIvG&ust=1591306581673000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCLCll5XN5ukCFQAAAAAdAAAAABAW

  • CONFIDENTIAL 21

    Odyssey Science is Well Positioned

    • More effective, higher performing products

    • Greater EFFICACY, STABILITY, AND

    SAFETY

    • Leader in SUSTAINABLE products

    • Experienced team

    • Patent pending technology, with strong

    competitive barriers

    • Large, growing Beauty and Wellness

    Markets

    • Capital efficient business model

    Michael Brower, Co-Founder, COO/CFO

    [email protected]