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Who we are

• Manufacture, market and sell specialty products for:– Production Animals (Specialty Nutrition)– Humans (Dairy Solutions)– Nutraceuticals

• Core Competencies:– Processing technologies

• Filtration, hydrolysis, fermentation, agglomeration, small packaging• Spray drying, spray chilling

– Raw materials• Whey/milk proteins/carbohydrates• Fats/oils• Vegetable proteins

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Milk Specialties Global Mission Statement

Our mission is to exceed our customers’ expectations by providing outstanding service with top quality science-based products.

We will achieve this through the skills, energy and integrity of our people.

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Milk Specialties Global Organizational Structure

AsiaAsia

Milk Specialties Company

Milk Specialties Company

Dairy SolutionsDairy SolutionsNutraceuticalsNutraceuticals Specialty Nutrition

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Dairy SolutionsDairy Solutions

Milk Specialties Global

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Eden Prairie

Mountain Lake

Minnesota

Wisconsin

Illinois

Boscobel

WhitehallNew Holstein

Wautoma

Adell

CarpentersvilleNebraskaNorfolk

Boscobel, WI

Whitehall, WI

Mountain Lake, MN

Eden Prairie, MN

Norfolk, NE

New Holstein, WI

Wautoma, WI

Adell, WI

CORPORATE HEADQUARTERSCarpentersville, IL

Milk Specialties Locations

Fond du Lac

Fond du Lac, WI

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Advanced filtration, diversified portfolio

WHEYConcentrates

Isolates

Hydrolysates

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WHEY PROTEIN PRODUCTION

•10,000 MT per year of whey proteins

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MOUNTAIN LAKE, MN

Capabilities • Protein hydrolysates• Agglomeration• Granulation• Highly-functional ingredients• Chilsonation• Nanofiltration processing

Products • Whey• Milk• Goat• Kosher• EU Compliant• Halal

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MILK PROCESSING PLANT

MILKLactose and CaseinatesConcentratesIsolates

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Commercial production of milk proteins

State of the art manufacturing

-Triple cold filtration

-Microfiltration, Nanofiltration

4,000 MT of Milk Protein Isolate and Concentrates

One of few MPI manufacturing facilities in US

14,000 MT of Lactose

Specialty: GOS, Milk Syrup, and Hydrolysates

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NORFOLK, NE

Capabilities • Milk Protein • Whey Protein • Agglomeration• Grade A, EU, Halal, Kosher• Highly-functional ingredients• Nanofiltration

Products • Whey Protein Concentrate• Milk Protein Isolate• Milk Protein Concentrate• Caseinates• Lactose• GOS, milk syrup• Hydrolysates

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New Addition - Fond Du Lac, WI

Capabilities • Protein hydrolysates• Agglomeration• Granulation• Highly-functional ingredients• Nanofiltration processing

Products • Whey• Milk• Goat• Specialties ingredients• EU Compliant• Halal

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CUSTOMIZED SOLUTIONS

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TAILOR MADE READY TO LAUNCH

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READY TO LAUNCH

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Consumer

Vertical Integration

Retailers

Distributors

Protein Processing

AgglomerationParticle Control

FormulationExtrusion

TabletsCapsulesPackaging

Business Model

Ingredient to Package Solutions Ingredient to Package Solutions

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Co-Manufacturing Capabilities

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•Effective Management and Regulation of Food Standards

•R&D and Packaging Know-How

•Expertise in Formulation

•Customized Marketing Support

•Effective Management and Regulation of Food Standards

•R&D and Packaging Know-How

•Expertise in Formulation

•Customized Marketing Support

Customized Solutions

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SCIENTIFIC TEAM – MULTI-DISCIPLINARY APPROACH

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PROTEIN SOURCES

MANUFACTUREDDAIRY PROTEINS AND

SUBSTRATES

STRINGENT AUDITS

STRICT EVALUATION

CRITERIA

SOY

WHEAT

BUCKWHEAT

CORN

PEA

RICE

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NEW PRODUCT INITIATIVES

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Key Items Ingredient Opportunities

• Whey Proteins – WPC/WPI• Milk Proteins – MPCs/MPI• Caseinates• Protein Hydrolysates – for bar applications• Lactose• Added Value Specialty – GOS, Milk Syrup, clear

protein, Omega-3 powder, Nutritional Creamer (vegatable fat basis)

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Risk Management

• Customized products for specific applications• Milk Specialties long term outlook on materials pricing• Culture conducive for hedging• “Beating the market” is not the objective• How can we develop hedges? • Which products are priorities?

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Thank You

www.milkspecialtiesglobal.com

952.942.731010125 Crosstown Circle/ Suite 120

Eden Prairie, Minnesota 55344

www.milkspecialtiesglobal.com

952.942.731010125 Crosstown Circle/ Suite 120

Eden Prairie, Minnesota 55344