Beyond Oil (OTCPK:BEOL.F) Conference Transcript

Summary of Beyond Oil Ltd. Conference Call Company Overview - Company Name: Beyond Oil Ltd. - Ticker: BOIL - Industry: Food Technology, specifically focused on the fast food sector - Location: Israeli company listed in Canada Core Issues Addressed - Health Problem: Toxins form in frying oil over time, leading to unhealthy food products [2][3] - Economic Problem: Restaurants frequently replace oil due to degradation, incurring high costs [3] - Environmental Issue: Significant water and energy resources are consumed in oil production, and used oil disposal is problematic [3] Product Description - Product Type: A patented powder that acts as a filtration aid, not a food additive [4] - Functionality: Extends the life of frying oil by removing toxins, resulting in healthier food and reduced oil waste [6][12] Benefits of Beyond Oil - Health Benefits: Reduces trans fats and acrylamide levels in fried food, improving food safety [7][8] - Quality Improvement: Maintains food quality by resetting oil conditions, leading to better taste and freshness [10][12] - Cost Savings: Triples oil life, leading to significant savings on oil costs and labor [34][35] - Labor Efficiency: Reduces the frequency of fryer cleaning, improving kitchen staff satisfaction [11][12] Commercial Operations - Current Customers: Major American fast food chains in Israel, with plans for global expansion [12][13] - Partnerships: Collaborations with Sodexo and Fandango for distribution and market penetration [13][14] - Investment: Clal Insurance invested $10.6 million CAD, indicating strong institutional support [16] Market Strategy - U.S. Market Entry: Building a direct sales force and establishing pilot programs with major brands [20][21] - Distribution Network: Working with seasoned professionals to navigate the complex U.S. market [20] - Product Adaptability: Effective with various oils, including beef tallow, which is gaining popularity [24][27] Financial Performance - Revenue Growth: Generated over $1 million in the first two quarters of the current year, up from $600,000 last year [28] - Recurring Revenue Model: Ongoing sales from existing customers provide consistent revenue streams [30] Competitive Advantage - Unique Selling Proposition: Beyond Oil removes multiple toxin groups, allowing for longer oil life compared to competitors [17][18] - Market Positioning: Positioned to capitalize on health trends and sustainability demands in the food industry [45] Future Outlook - Uplisting Plans: Preparing to uplist to the Toronto Stock Exchange Main Board, with intentions to move to a senior U.S. exchange [17][44] - Investor Value Proposition: A unique product with significant health, environmental, and economic benefits, backed by institutional investment [45] Additional Insights - Customer Feedback: Positive responses from restaurant staff regarding improved kitchen conditions and food quality [11][22] - Pilot Program Importance: Essential for gaining customer trust and demonstrating product efficacy in the U.S. market [40][42] This summary encapsulates the key points discussed during the conference call, highlighting the company's innovative approach to addressing significant issues in the fast food industry while providing a compelling investment opportunity.