Capital Raising
OPEN
DIT AgTech Limited
Enabling Farmers to Create Positive Impact
INDUSTRY
Agriculture
RAISING
A$5M
PRE-MONEY VALUATION
A$72M
MINIMUM INVESTMENT
A$20,000
Investment Highlights
Company Overview
Products & Services
Transaction Overview
Additional Information
Team
Transaction Summary
DIT AgTech Limited
Rasing A$5M
Pre-Money Valuation A$72M
Independent Valuation from PKF (April 2023)
A$1.12M already raised
Investment Highlights
Leading in AgTech and ClimateTech, DIT AgTech is revolutionising methane emission reduction and farm productivity for livestock farmers.
Achieved A$3M revenue and A$700,000 EBITDA in FY 2024.
Serving major commercial cattle stations in Northern Australia.
Opportunity to reach over A$4M in Monthly Recurring Revenue.
Expansion into international markets and horticulture, plus carbon credit creation.
Mark Peart, CEO, foresees over A$100M revenue with 49% net profit in five years.
Company Overview
Proprietary technology
DIT AgTech’s market-leading precision dosing systems use a farm’s existing water infrastructure to deliver protein and vital nutrients, enabling farmers to automate and optimise livestock supplementing
Enabling data-driven decisions
Monitoring and incorporating vital on-farm data such as cattle weights, rainfall, pasture cover, and real-time monitoring of supplement intake
AgTech meets ClimateTech
Uniquely positioned to intertwine AgTech and ClimateTech, our innovative solutions work to drive progress across agriculture and global sustainability
Methane Reduction
Emissions reduction through methane-reducers that can be fed via DIT AgTech systems, and precise carbon accounting enabling farmers to seamlessly record, report, and monetise their methane reduction initiatives
DIT AgTech has established a secured debt fund providing investors quarterly interest payments, as well as free attaching options to become future shareholders and partners in our shared mission.
The initial funds raised will be used to fund the manufacture of uDOSE units for large scale corporate customers in Northern Australia under DIT AgTech's Full Service Enterprise Plan, and as growth capital for revenue expansion.
Minimum investment amount: A$20,000
Looking to raise: A$5M
Interest payable: [BBSY 4.3%*] + margin of 10% (representing 14.3% p.a. as at January 2024)
Interest payment frequency: Quarterly
LVR: LVR ratio less than 10% of the independent valuation carried out by PKF in April 2023
Free attaching options: One free attaching share option for each dollar invested. Prices as per the offer section.
From manual to automatic: An industry ripe for disruption
To date, Australia’s livestock industry has put up with labour-intensive and imprecise methods of supplementation (such as lick blocks, injections, or manually administered liquid supplements). DIT AgTech’s precision supplement delivery systems make supplementing automatic, accurate, and measurable
Unlocking valuable data
The systems give farmers never-before accessible data, making supplementing measurable and helping on-farm decision making
Proven market and concept
Almost 200 dosing units installed (and a pipeline of 200 to be installed) with current customers across the biggest commercial cattle stations in northern Australia
Potential to scale within existing accounts
Even with our current customers who together have c.1.4million head across their properties, we have so far only set up 170,000 head on our dosers giving us currently over $600,000 in MRR. A full rollout to our current customers only would mean upwards of $4m in MRR, which would represent only 5% of the total addressable market in Australia alone
Potential for overseas expansion
We have patents filed and granted in USA, Brazil, Canada and NZ which together have an addressable market of 300 million head of cattle, with the opportunity for exponential annual revenue opportunity for DIT, even before accounting for the carbon credit potential
“Sticky” business models
We have created sticky customers by offering a full-service model for enterprise accounts where we supply the systems free and the customers pay for supplements used. For smaller scale farmers, we’ve employed a ‘razor-blade’ model, where customers buy a uDOSE system and must exclusively purchase supplements from DIT AgTech to keep various functions of their systems active
Carbon upside
Positioned to capture carbon credits from delivering methane reducing supplements and generate additional revenue for both cattle farmers and DIT AgTech.Protected IP: We hold patents in Australia and internationally for the supplementing of livestock via the water, as well as using an electronic proportional dosing unit to administer methane reducing additives
Protected IP
We hold patents in Australia and internationally for the supplementing of livestock via the water, as well as using an electronic proportional dosing unit to administer methane reducing additives
Products & Services
TECHNOLOGY PORTFOLIO & TELEMETRY SOLUTIONS
DIT AgTech’s proprietary supplement delivery systems enable farmers to automate and optimise livestock supplementing. Animals consume water in proportion to their body weight, so supplementing livestock via drinking water is a reliable way to get the target dose of nutrients to every animal, every day. The uDOSE system automatically delivers a specific proportion of supplements into livestock drinking water, ensuring optimal health and performance of all livestock.
Already reaching over 170,000 livestock across Australia, our customers have amplified production by 20%, and achieved, on average, a 30% reduction in supplement and labour costs, while also reducing transport emissions by intelligently utilising on-farm water infrastructure.
Already adopted by industry leaders including AACo., AAM, Paraway Pastoral, and AJM Pastoral - demonstrating the proven value of DIT AgTech solutions.
uDOSE
A proportional dosing system that can automatically and seamlessly deliver any of our proprietary water-soluble supplements from our comprehensive product range to livestock grazing on pasture.
uDOSE is Australia’s only proportional dosing dispenser able to safely deliver urea into livestock drinking water.
uDOSE AG
Enables horticultural growers to accurately dispense fertilisers to high-value crops. A cost-effective solution for automating on-farm tasks, detailed water reporting, and optimising crop inputs.
uHUB Dashboard
A cloud-based platform that draws real-time data from remote monitoring systems on each uDOSE unit, allowing farmers to monitor livestock watering points, feeding devices, or other sites from their mobile device or computer.
Our telemetry is developed in-house by our Townsville-based team of software engineers.
Supplement & Nutrition Portfolio
The DIT AgTech Innovation & Research teams have developed and keep improving our comprehensive supplement range, to solve vital problems for farmers. The range includes:
Protein phosphorus, and trace mineral formulation with methane-reducing additives.
Helps farmers achieve production goals cost-effectively in periods of high protein demand.
Unlocks livestock's full potential in phosphorus-deficient regions.
Provides protein, phosphorus, and vital trace elements for ruminant production in southern Australia.
High in sulphur to detoxify prussic acid, while providing protein, phosphorus, and trace elements.
Contains all major trace elements required for healthy development and resilience to disease.
Enables farmers to control and prevent bloat with ease.
Transaction Overview
The Offer
DIT AgTech is raising A$5M through secure debt funding, with already A$2.18M secured.
Investors can expect an attractive interest of 14.3% p.a., quarterly payments, and a low LVR ratio. Plus, each dollar invested comes with a free share option.
Use Of Funds:
Amount: up to $5,000,000.
For: The rollout of uDOSE systems under the DIT AgTech’s Full Service Enterprise Plan and as growth capital for revenue expansion.
- The company has potential orders for over 100 dosing units which are completed and ready to install in Q3 & Q4 of FY2024. Additionally within the current DIT AgTech Enterprise model, there is over 200 dosing units currently generating revenue. The sales pipeline is for over 300 more dosing units within 12 months.
- $6,000 will be lent from the AgTech Fund to DIT AgTech Limited to build dosing units destined for installation on large scale corporate livestock properties under DIT AgTech Enterprise revenue models to meet current orders. Retail value of the dosing units is $12,000 and equates to a 50% LVR.
- 5000L supplement tanks are also positioned with the dosing units at installation and are filled every 30-120 days depending on the number of livestock being supplemented via the system.
- The first $1.5m will enable the manufacture, delivery and installation of 200 uDOSE systems, which will facilitate the sale of 1,000,000 Litres of supplements to generate in excess of $3 million of annual recurring revenue.
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