Exhibit 99.1
© 2016 RiceBran TechnologiesAll rights reserved The Right Team with The Right PlanCreating Sustainable Shareholder ValueRiding the Wave in Natural, Organic and Functional FoodsJune 2016
© 2016 RiceBran TechnologiesAll rights reserved * Table of Contents Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Ancient History – 1989 to 2005 Legal Entity Evolution1989 to 2005 Hickory Investments llFormed - 1998 Name Changed Alliance Consumer International (ACI)Two Public Offerings -1998-1999 Alliance Consumer International (ACI)Declared Bankruptcy - 1999 NutraStar Technologies Merges with ACI - 2001 Name Changed toNutraCea - 2003 NutraCea Merges WithRiceX Co. - 2005 Food Extrusion, Inc. Formed - 1989 The RiceX Co. Merges With Food Extrusions, Inc. - 1998 The RiceX Co. raises capital through IPO - 1998 ($ Millions)RiceXNutraCeaAt October, 2005 Merger Equity305080 Losses284977 Net Equity213 Unlocking the Nutritional Value of Rice Bran *
© 2016 RiceBran TechnologiesAll rights reserved Recent History - 2008 to 2013 Q4 2008 SEC and BOD launched informal investigationsQ1 2009 Formal SEC investigation began; Interim management appointed Shareholder class action/ derivative suits filedQ3 2009 New President/CEO hired; Bank default; Bio-Refining strategy crystallized Asset monetization strategy defined: sold Vital Living/Medan LLCQ4 2009 Filed Ch. 11; U.S. parent only: subs (Irgovel/Rice Science) kept outside Ch 11 proceedings; U.S. parent “on hold” during Ch 11 and beyondQ2 2010 Portfolio transformation continued: infant cereal sold to Kerry, equine brands sold to MannaPro; Rice Science acquired from HSG Q3 2010 Signed DSM confidential letter of intentQ4 2010 Exited CH. 11 proceedings with $6.4 M due GUC’s and $ 1.2 M due key suppliers (FRC & LRM); Q1 2011 Funded Alothon investment in Irgovel/funds to NutraCeaQ3 2011 Signed DSM JDA for protein; signed Beneo co-branded distribution; Funded BNDES loans for IrgovelQ1 2012 Raised $5 M convertible debt; paid GUC’s in full (paid all creditors 100 cents on the dollar)Q4 2013 Renamed company RiceBran Technologies, uplisted to NASDAQ, business re-launched Unlocking the Nutritional Value of Rice Bran *
© 2016 RiceBran TechnologiesAll rights reserved RiceBran TechnologiesOverview
© 2016 RiceBran TechnologiesAll rights reserved A Turnkey Provider of Healthy Natural Products Unlocking the Nutritional Value of Rice Bran RiceBran is a global leader in the production and marketing of value added products derived from rice branWe use proprietary and patented technologies to produce:Turnkey packaged functional foodsFunctional food and human food ingredientsAnimal nutrition ingredientsRiceBran’s Board of Directors and management team are experienced, highly qualified and firmly committed to maximizing shareholder valueTo achieve this, over the past two years we have successfully repositioned RiceBran from a predominantly animal nutrition company to a fast-growing provider of packaged functional foods, functional food ingredients and human food ingredientsThis strategic repositioning has produced rapid growth in the two most recent quarters and positioned RiceBran for continued growth in the highest margin, fastest growing segments of the US food market *
© 2016 RiceBran TechnologiesAll rights reserved A Tale of Two Segments 1 - Source: NEXT Forecast 2016 2 - Source: Natural Products Insider: May 2016 USA SEGMENT BRAZIL SEGMENT Country in economic and political turmoilGDP and currency collapseManagement has taken steps to reduce overhead, management complexity and working capital requirements to reduce EBITDA loss in spite of difficult economic environmentBoard made decision to:Cap exposureNegotiating with our partner to provide financial supportPrepared to idle plant if necessaryIn position to respond quickly when economic conditions in Brazil improve Positioned for and delivering high margin revenue growthCurrent and new customers are driving record sales growthInstalled capacity can support sales of $100+ million in the next few years with current capacity utilization at only 31%Well positioned in the fastest growing segments of the US food and beverage market: Natural, organic and functional foods and beverages grew to $112 Bn representing 15% of total US food consumption¹Sports protein powders are the fastest growing segment of protein market 1 2 Unlocking the Nutritional Value of Rice Bran Today, the USA segment represents more than 75% of our business. Historically, our revenue came predominantly from our Brazil segment. *
© 2016 RiceBran TechnologiesAll rights reserved USA Segment: Transformation to Healthy Natural Foods Revenues $ Developed Strategic Plan 2013 2014 2015 Up-listed to NASDAQ Initial Capital Raise Acquired Healthy Natural ● ● ● ● ● Doubled capacity at Dillon plant 50% capacityincrease at Irgovel Healthy Naturalcapacitydoubled ● ● ● Additional Capital Raises RIBTRIBTW Unlocking the Nutritional Value of Rice Bran URMATTExclusive Distribution of Organic Rice Bran JV to Distribute Other Organic Products 2016 *
© 2016 RiceBran TechnologiesAll rights reserved USA Segment: Converting Feed to Food Product Category 2013 2016E* Packaged Functional Foods / Nutricosmetics 0% 58% Functional Ingredients 22% 10% Food Ingredient 32% 15% Animal Feed 46% 17% USA Segment Revenue $11.9 Mn $31 to $33 Mn Gross Margins 24.5% 31.8% 40%+30%20%10% Gross Profit %Opportunity Unlocking the Nutritional Value of Rice Bran *Annualized based on Q1 2016 actual results USA Segment gross profit margin has expanded 730 basis points since Q4 2013 *
© 2016 RiceBran TechnologiesAll rights reserved USA Segment: Post-Investment Installed Capacity USA Segment Installed Annual Capacity: $102 Million Healthy Natural $ 6,000,000 p/mo Dillon Stage 2 Plant $ 1,500,000 p/mo SRB Plants $ 1,000,000 p/mo Total USA Segment Monthly Capacity $ 8,500,000 p/moCurrent Capacity Utilization: 31%Challenge: Increase Sales to Fill Installed CapacityA Record Start so far in 2016! * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Brazil Segment: Riding Out the Storm Successfully streamlined operations and continue to reduce costsSupply chain difficulties led to inconsistent performance, low processing rates and further losses, albeit at a reduced level due to successful cost reduction initiatives Negotiating with partner to provide financial supportIrgovel plant has significant upside potential if it can ride out the downturn – currently capable of operating the plant at and above post expansion target levels of 300 MT/dayExploring a number of short and long term strategic alternatives for Brazil, but we are prepared to idle the plant if necessary Stabilization operating at 1 mill; derivatives trials complete * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Strategic Plan to Create Long-Term Shareholder Value * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved RAWRICE BRAN SRB RiSolubesRiBalanceRiFiber Health Targets Crude Oil DFA Lecithin Waxes Oryzanol Refined Oil DRB BulkAnimal BrandedAnimal HumanGrade Protein Rice Hulls Steam/Electricity IndustrialAsh Silica Stage 1 Stage 2 Stage 3 Zero Carbon Footprint Carbon Credits Shaded areas indicate future projects Unlocking the Nutritional Value of Rice Bran Rice Bran Bio-Refining Vision 2013 *
© 2016 RiceBran TechnologiesAll rights reserved Unlocking the Nutritional Value of Rice Bran Extruders & Know-HowProcess Patented SRB DerivativesProtein ExtractionValue-Added Finished Products Oil Extraction & Refining Transfer Derivatives & Finished Goods IP: 2014 - 2016 Olvebra (Contract Manufacturing)Production of Derivatives & Protein from SRB for Mercosur Market SRB investment completed and operating *
© 2016 RiceBran TechnologiesAll rights reserved Unlocking the Nutritional Value of Rice Bran Extruders & Know-HowProcess Patented SRB DerivativesProtein ExtractionValue-Added Finished Products Oil Extraction & Refining US Oil Extraction & Stage II Expansion – 2017 to 2020 Greenfield Rice Bran Oil Bio-Refinery in Sacramento Valley or Mid-South Future investment subject to funding *
© 2016 RiceBran TechnologiesAll rights reserved Clear Plan To Maximize Shareholder Value Unlocking the Nutritional Value of Rice Bran Drive sales of our Stage II products into multiple natural, organic and functional food channels Leverage investments recently made to double production capacity of our Stage II products at both our Dillon Montana plant and at our Irving, Texas packaged functional foo blending facilityCapitalize on the increasing global demand for rice bran oil produced at the joint venture Irgovel plant in Brazil, where Irgovel management completed capital investments to increase raw rice bran processing capacity by approximately 50% in 2015Take advantage of strong consumer demand for non-genetically modified, gluten/soy/dairy free, natural, minimally processed, vegetarian and vegan “clean label” functional food products Operate Western Hemisphere (USA and Brazil) and increase our global distribution network to build sales in North America, Europe and AsiaContinue to generate additional evidence-based functionality of our proprietary and process patented ingredients Creating shareholder value by capitalizing on favorable market trends to increase product acceptance and fuel profitable growth *
© 2016 RiceBran TechnologiesAll rights reserved RiceBran’s Plan is Working and Gaining Momentum Unlocking the Nutritional Value of Rice Bran RiceBran’s USA Segment just completed the best quarter in the company’s history – Management delivered 53% quarter-over-quarter growth in Q1 2016 Q4 2015 Revenues up 15+% year-over-yearQ1 2016 Revenues up 53+% year-over-yearQ1 2016 consolidated adjusted EBITDA up 86% year-over-yearQ1 2016 consolidated net loss reduced by 92% year-over-yearQ2 2016 revenues on track for highest quarter in historyApril 2016 hit new all-time monthly sales record *
© 2016 RiceBran TechnologiesAll rights reserved Highly Qualified Board & Experienced Leadership * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Highly Qualified & Experienced Board of Directors Unlocking the Nutritional Value of Rice Bran Deep Knowledge of Natural Food, Functional Food and Nutritional Supplement LandscapePublic Company Board ExperienceCapital Markets ExperienceSignificant C-suite Experience International Business ExperienceAccounting Experience *
© 2016 RiceBran TechnologiesAll rights reserved W. John Short Mark McKnight Robert Smith, Ph. D CEO & President Chief Financial Officer SVP Sales & Marketing SVP Operations, R&D Management Team More than 30 years global management experience Has held C-level management positions with consumer products and financial services businesses in Asia, Europe and the Americas.Spent over a decade in corporate, government lending and financial institutions lending with Citibank in New York, Venezuela, Ecuador and Hong Kong. More than 20 years experience managing R&D and business development in the Ag-biotech industry.Served as Director of Business Development at HerbalScience Group, a leader in the development of evidence-based functional ingredients from botanicals.Directed research and development programs at Global Protein Products Inc. and PhycoGen Inc., and has led research projects at Dekalb Genetics, a Monsanto Company.Doctor of Philosophy Degree in Molecular Genetics and Cell Biology from the University of Chicago. More than 20 years experience in the Natural Products industry. Served as the CEO and Chairman of H&N, a leading company in the natural products packaging & distribution industry.Started developing unique product formulations in 1995 and has developed successful products that cover three key channels of distribution: MLMs, health food stores and mass retailers.Current member of the Natural Products Association (NPA) and the Institute of Food Technologists (IFT). More than 30 years of experience in finance and accounting including strategic planning, due diligence, cash flow analysis, financial forecasting, and SEC reporting.Prior to joining RiceBran Technologies in June 2010, was Managing Director of Sierra Consulting Group’s restructuring practice.Managing Director in the restructuring practices of PwC and FTI Consulting; over 15 years in the private sector where he held various C-level positions. J. Dale Belt, CPA Unlocking the Nutritional Value of Rice Bran *
© 2016 RiceBran TechnologiesAll rights reserved RiceBran’s CEO v. LF-RB’s Proposed CEO W. John Short Michael Goose No experience leading a publicly listed companyNo C-suite experience in any company – public or privateMarketing background with limited leadership experience at any level in any major company Successful C-level executive for over 25 years leading in C-suite positions in public and private business in Asia, Europe and the USHeld multiple C-suite positions – CEO, President, CEO Director and Board Chairman in multiple operating businesses in Asia, Europe and the USDeveloped and implemented strategy to “convert feed to food” and reposition RiceBran Technologies as a turn key packaged functional food company instead of an animal nutrition ingredient business The credentials speak for themselves * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Corporate Governance Highlights * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved LF-RB Group Lacks a Plan forRiceBran Technologies * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved * LF-RB Has No Plan To Maximize Value LF-RB’s Proposals Replace Board through proxy contest No actionable plan RiceBran believes the election of LF-RB’s nominees could adversely impact the Company’s current strategy and jeopardize critical business relationshipsRemoves highly qualified incumbent directors with significant relevant experienceLF-RB’s nominees lack deep institutional knowledge of RiceBran and the space in which it operates LF-RB has not articulated any plan to maximize shareholder valueSeeking to replace RiceBran’s highly qualified CEO with a candidate who has no C-suite experienceLF-RB Group is asking shareholders to “trust” that it will be able to come up with a better plan after its nominees have been put on the Board Negative Impacts Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved * LF-RB’s Claims Are Misleading: Here are the Facts RiceBran’s Board of Directors interests are misaligned with those of its shareholders Compensation is “dramatically out of proportion to the Company’s size” The current Board and management cumulatively owns over 17% of the Company’s outstanding shares per recently filed proxyRiceBran’s Board is committed to shareholder friendly corporate governance practices The Board hired Mercer to perform a market survey and make recommendationsShareholders approved compensation plan recommended by Mercer that was based on a peer group of publicly-traded companies similar in size and industry With Mercer support, RiceBran will continue to factor comparable peers and market data when reviewing pay levels and incentive structures to ensure talent attraction and retention Unlocking the Nutritional Value of Rice Bran LF-RB’s Claims The Facts
© 2016 RiceBran TechnologiesAll rights reserved * LF-RB’s Claims Are Misleading: Here are the Facts LF-RB’s Claims The Facts RiceBran’s Board has failed to address LF-RB’s concerns RiceBran’s Board are acting to entrench themselves First appearance of LF-RB was May 2016RiceBran has made repeated attempts to work cooperatively and constructively with LF-RBLF-RB has not delivered candidate resumes or a business plan either publicly or during our face-to-face meetingLF-RB has offered no detailed or compelling plan to drive long-term profitable growth No current directors or management were involved in the historic SEC problems;All seven directors are elected annually and five are independentSeparate Chairman and CEO roles – best practicesAverage director tenure is just over three yearsMajority of directors have prior C-suite and/or corporate board experienceAudit, Compensation and Nominating Committees consist only of independent directors Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved * LF-RB Has No Plan To Maximize Value LF-RB’s Proposals Actions Already Taken Conduct a thorough assessment of the Brazilian business Right-size SG&A expenses Prior to hostile take-over attempt, RiceBran’s Board has already decided to limit further investments in Brazil; asked partner to provide financing; and communicated willing to idle plant if necessary RiceBran has taken steps to reduce overhead, management complexity and working capital requirements Q1 2016 USA Segments grew 53% to record quarterly high with reduction in USA Segment SG&ABrazil Segment loss reduced by SG&A management reductions in spite of loss of revenue Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved * LF-RB is Not the Right Steward for Shareholders LF-RB, a dissident group purporting to hold 9% of outstanding shares, is seeking disproportionate influence over RiceBran’s strategic directionLF-RB is seeking to take control of RiceBran without paying a control premium then following up with a rights offering to be back filled by a small group of “friends” of LF-RB”LF-RB has offered no detailed or compelling plan to drive long-term profitable growthWe have heard nothing strategic or constructive regarding any ideas to increase shareholder value – either publicly or during our face-to-face meeting with the LF-RB GroupLF-RB’s nominees have considerable deficiencies in industry expertise, functional responsibility and relevant business experienceBased on our due diligence, we do not believe the nominees as a whole possess the necessary credentials or track records to serve on RiceBran’s BoardProposing to install as CEO a candidate with NO experience managing a public company and NO C-suite experienceLF-RB Group’s lack of strategic plan for the business risks derailing the significant progress your the incumbent Board and management has made towards profitable growth Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Conclusion * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Management and Board Driven Strategy is Working Management’s strategic plan, developed in 2013, repositioned the Company from an animal nutrition ingredient supplier to a turn-key packaged functional food provider and correctly identified the most robust market trends in the US food market: clean label, natural, organic and functional foodsBoard approval of that plan, including up-listing to NASDAQ, allowed the Company to fund the platform necessary to take advantage of those rapidly growing market trendsPlatform is now fully built out and the Company is gaining traction in line with initial expectations in its USA SegmentWholesale change of the management and the Board at this critical time in the launch of a major strategic initiative could disrupt implementation of the plan and damage shareholder value Unlocking the Nutritional Value of Rice Bran *
© 2016 RiceBran TechnologiesAll rights reserved Disclaimer This presentation includes forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers and listeners are cautioned that such forward-looking statements represent management's opinion. Although management believes that the expectations reflected in our forward-looking statements are based on reasonable assumptions, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's filings with the US Securities and Exchange Commission. The company undertakes no obligation to update the results of these forward-looking statements to reflect events or circumstances after today or to reflect the occurrence of unanticipated events. This presentation does not constitute an offer to sell securities including but not limited to within any jurisdiction in which the sale of such securities would be unlawful. This presentation does not constitute a solicitation or offer to sell securities. Such offer and the information set forth herein have not been reviewed, approved or disapproved, nor has the accuracy or adequacy of the information set forth herein been passed upon, by the Securities and Exchange Commission or any state securities administrator. Any representation to the contrary is a criminal offense. An investment in the securities offered by the company is speculative and involves a high degree of risk. Investment in the securities offered hereby is suitable only for persons of substantial financial means who can afford a total loss of their investment. The Company is a reporting company pursuant to the Securities Exchange of 1934, as amended, and makes periodic filings with the Securities and Exchange Commission (“SEC”) at the SEC’s Web site at www.sec.gov. Prospective investors are urged to read these documents and any other relevant documents to be filed by the Company with the SEC when they become available because they contain and will contain important information. * Unlocking the Nutritional Value of Rice Bran
© 2016 RiceBran TechnologiesAll rights reserved Important Additional Information RiceBran Technologies (“RiceBran”), its directors and certain of its executive officers are participants in the solicitation of proxies from RiceBran shareholders in connection with the matters to be considered at RiceBran’s 2016 Annual Meeting of Shareholders. In connection with its solicitation of proxies from RiceBran shareholders, RiceBran filed its definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2016 and supplemented its definitive proxy statement on May 11, 2016 and June 2, 2016. RICEBRAN SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ ANY SUCH PROXY STATEMENT AND ACCOMPANYING WHITE PROXY CARD AS SOON AS THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Information regarding the ownership of RiceBran’s directors and executive officers in RiceBran’s stock, restricted stock and options is included in their SEC filings on Forms 3, 4, and 5, which can be found through RiceBran’s website (www.ricebrantech.com) in the section “Investor Relations” or through the SEC’s website at www.sec.gov. Information can also be found in RiceBran’s other SEC filings, including RiceBran’s definitive proxy statement for the 2016 Annual Meeting and its Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Shareholders will be able to obtain any proxy statement, any amendments or supplements to the proxy statement and other documents filed by RiceBran with the SEC for no charge at the SEC’s website at www.sec.gov. Copies of these documents will also be available at no charge at RiceBran’s website at www.ricebrantech.com, by writing to RiceBran Technologies, at 6720 N. Scottsdale Road, Suite 390, Scottsdale, Arizona 85253, Attn: Investor Relations, or by calling RiceBran’s proxy solicitor, Morrow & Co., toll-free at 800-662-5200 for shareholders, or 203-658-9400 for banks and brokers. * Unlocking the Nutritional Value of Rice Bran
Use of Non-GAAP Financial Information We utilize “Adjusted EBITDA” as a supplemental measure in our ongoing analysis of short term and long term cash requirement and liquidity needs. Adjusted EBITDA does not represent cash flows from operations as defined by generally accepted accounting principles (“GAAP”), is not a measure derived in accordance with GAAP and should not be considered as an alternative to net income (the most comparable GAAP financial measure to EBITDA). Management uses Adjusted EBITDA as an indicator of our current financial performance. By eliminating the impact of all material non-cash charges as well as items that do not regularly occur, we believe that Adjusted EBITDA provides a more accurate and informative indicator of our cash requirements. The table on the next slide contains a reconciliation of net income (GAAP) and Adjusted EBITDA (Non-GAAP) for the three months ended March 31, 2016 and 2015. We do not provide a reconciliation of forward-looking net income (GAAP) to Adjusted EBITDA (non-GAAP). Due to the nature of certain reconciling items, it is not possible to predict with any reliability what future outcomes may be with regard to the expense or income that may ultimately be recognized in future periods. Any forward-looking Adjusted EBITDA information that we may provide from time to time consistently excludes the same items from projected net income that are excluded from actual net income in the table on the next slide.
Use of Non-GAAP Financial Information
RiceBran Technologies is unlocking the nutritional value of rice bran, an underutilized, renewable and sustainable by-product of the global rice milling industry with the potential to help satisfy a significant portion of increasing global demand for edible oil, protein, dietary fiber and other human food ingredients and functional foods.