Eat Beyond Global Investor Presentation
Eat Beyond Global Investor Presentation
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The first of its kind, Eat Beyond Global is an innovative platform that provides access
  to the very best companies providing alternative food sources around the globe.
                                                                                          3
            I N V E S T in innovation, focusing on growing the alternative
            protein industry, addressing the global demand for food security
            through the efficient creation of animal-free protein.
DON ROBINSON
DIRECTOR
Mr. Robinson has 30 years of management and leadership
experience in various consumer goods businesses. From 1983-
2006 he served as the CEO of Mars Inc. and from 1998-2006 he
was the CEO of Mars Canada Ltd. Further, Mr. Robinson was the        Former Mars Canada CEO Joins Eat
CEO of Cara Operations Limited from 2006-2013. Mr. Robinson is
                                                                     Beyond Global Board Of Directors
also the Chairman of the Confectionary Manufacturers Association
of Canada and is the Executive Vice-Chair of the Food and            Eat Beyond Global Holdings, a fund focused on investing
                                                                     in plant-based foods companies, has appointed the former
Consumer Products Association of Canada.                             CEO and president of Mars Canada Don Robinson to its
Mr. Robinson will not be a party to any employment, non-             board of directors...
competition or confidentiality agreement with the Company. It
is expected that he will devote approximately 10% of his time to
the business of the Company to effectively fulfill his duties as a
director of the Company.
                                                                                                                                6
BOARD MEMBERS
                                                                                                                              7
MANAGEMENT TEAM
       PAT R I C K M O R R I S                                        K E LV I N L E E
       CEO                                                            CONTROLLER
       Mr. Morris is an entrepreneur and capital markets executive    Mr. Lee has over 15 years of extensive financial
       experienced in a number of industries including resource       management experience with publicly traded companies.
       exploration, pharmaceutical cannabis, and finance. Over        He most recently worked in progressively senior roles from
       the last 15 years Mr. Morris has taken numerous companies      Corporate Controller, VP Finance and Administration to
       public through IPOs and reverse takeovers and has              Chief Financial Officer, for a TSX-V listed gold producer
       also successfully raised funds for microcap companies          with $400 million in revenue over the past nine years. His
       and executed on corporate development strategies.              responsibilities included development and execution of
       Patrick also co-created and co-produced Canada’s first         financial strategy and operations, including regulatory
       nationally syndicated radio show about growth stock            reporting, financial planning and analysis, treasury, tax
       opportunities broadcast on fourteen of the top rated           and audit. He held prior Controller positions in the mining
       news talk stations across Canada. Prior to the capital         industry with various publicly traded companies including
       markets Patrick also has 5 years of experience in wine         Prodigy Gold Inc. that was acquired for $340 million. Mr.
       and spirits importing, sales and portfolio management.         Lee is a CPA, CGA and holds a Diploma in Accounting
                                                                      (Hons) and a Bachelor in Business Administration (Hons)
                                                                      from the British Columbia Institute of Technology.
       GEOFF BALDERSON
       CFO
       Mr. Balderson is the President of Harmony Corporate
       Services Ltd. and of Flow Capital Corp. and private business
       consulting companies located in Vancouver, British
       Columbia. Mr. Balderson has been an officer and director
       of several TSX Venture Exchange listed companies over the
       past 12 years. Prior to that he was an investment advisor
       at Union Securities and Georgia Pacific Securities Corp.
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INVESTMENT COMIT TEE
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INVESTMENT COMIT TEE
                                                                                                                                  10
MARKET TIMELINE
                                                                              7/17
                                                                              Otsuka Pharmaceutical
                                                                              buys Daiya
                                                                              8/17
                          7/16                      3/17                      Cargill invests in             1/18                        7/18
                          Danoe acquires            Maple Leaf Foods          Memphis Meats                  PHW Gruppe invests          Merck’s M Ventures
                          WhiteWave                 buys Lightlife Foods                                     in SuperMeat                invests in Mosa Meat
                                                                              9/17
                                                    2/17                      Nestle USA buys                1/18                        7/18
                                                    Kory’s buys Ojah          Sweet Earth                    Tyson New Ventures          Dean Foods acquires
                                                                                                             invests in                  Good Karma
                                                                              9/17                           Memphis Meats
                                                                              Kellogg’s corp. VC arm                                     8/18
                                                                              eighteen94 capital                                         PHW Gruppe invests in
                                                                              invests in                                                 Good Catch
                                                                              MycoTechnology
                                     10/16                                                    10/17
                                     Tyson Foods                                              Monde Nissan buys
                                     invests in                                               Quorn
                                     Beyond Meat                                                                                                      10/18
                                                                                              12/17                                                   General Mills follow
                                                                                              Tyson follow on
                                     12/16                                                                                                            on investment in Kite Hill
         5/16                                                    5/17                         investment in Beyond Meat    5/18
                                     Tyson Foods creates
         General Mills corp.                                     Dean Foods                   12/17                        Tyson New Ventures         12/18
                                     Tyson New Ventures,
         VC arm 301 Inc                                          invests in                   Maple Leaf Foods buys        invests in Future          Unilever acquires
                                     corporate VC arm
         invests in Kite Hill                                    Good Karma                   Field Roast Grain Meat Co.   Meat Technologies          Vegetarian Butcher
                                     dedicated to investing
                                     in alt proteins                                          12/17
                                                                                              Campbell Soup Co
                                                                                              buys Pacific Foods
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                                                         MEGA
CANADA
                                                         TREND                                                      CHINA
In 2019 the Canadian Food Guide refocused with                                                                      New government dietary guidelines encourage the
emphasis on plant-based diets.                                                                                      nation’s 1.3B people to reduce meat consumption
                                                                                                                    by 50%.
43% of Canadians are actively trying to incorporate
plant-based foods into their diets according to a 2017                                                              China’s market for vegan product is predicted to grow
Nielsen global survey.                                                                                              more than 17% between 2015 and 2020.
            T Y P E S O F A LT E R N A T I V E P R O T E I N                                    OPPORTUNITIES ALONG
                                                                                                 PRODUCTION CHAIN
processed to replicate the      come from yeast or bacteria     stem cell harvesting, tissue   FOOD & BIO TECH        -                  -         Animal-free
                                                                                                                                                   growth medium
familiar taste and texture of   modified with a gene for        engineering, and food
existing animal products.       protein; the protein is         production, growing meat           MACHINERY          -              Industrial
                                                                                                                                                       -
                                                                                                                                     Bioreactors
They are frequently sourced     reproduced as they multiply,    and dairy proteins in vitro;
from pea, soy, wheat, and       created proteins that are       these proteins are             FOOD PRODUCTS
                                                                                                                 Seafood fillets,
                                                                                                                 Crustaceans, Pork
                                                                                                                                         -             -
other crops.                    identical to animal proteins.   biologically equivalent to
                                                                animal proteins.                 DISTRIBUTION    Food Service &
                                                                                                                 Ingredient Plays
                                                                                                                                         -             -
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                                                                    P O R T F O L I O TA R G E T S
TARGET PORTFOLIO DISTRIBUTION                                                                                                                                                                    E X P LO R AT I O N :
*We anticipate significant overlap between the Food Tech and CPG categories
                                                                                                                                          P R O D U C T I O N : Focused on                       Finding new areas to be
                                                                                                                                          increasing manufacturing capacity and                  tested as the alternative
                                                                                                                                          streamlining production to remove bottlenecks.         protein market continues to
 FOOD TECH*:             Focused on a value proposition and
                                                                                                                                          We invest in opportunities that de-risk our            develop and mature.
 developing consumer product offerings through innovative IP.
                                                                                                                                          broader portfolio.
                                                                                                                                                                           CELLULAR
                                                                                  CPG*:         Focused on low-tech, culinary-driven
                                                                                                                                                                           A G R I C U LT U R E :        Focused on
                                                                                  product velocity plays through quick access to the
                                                                                                                                                                           innovations in redesigning food production
                                                                                  market, a well-defined product migration plan, and
                                                                                                                                                                           at the cellular level.
                                                                                  ability to scale rapidly and expand geographically.
                                                                                                                                  15-20 INVESTMENTS
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PORTFOLIO                                                                                       The Very Good Food Company announces
                                                                                                $5.2 Million Bought Deal Offering
                                                                                                   YAHOO FINANCE
                                                                                                                                         15
PORTFOLIO
California-based Plant Power Fast Food is       Zoglo’s has been a leading company                  Nabati Foods Inc. offers hard to find natural
known as an innovator in the Quick Service      offering kosher, plant-based products for           plant-based foods for health-conscious
Restaurant (“QSR”) field with its 100%          over 25 years and is now ready to enter the         individuals looking to indulge in healthier
plant-based offerings and biodegradable         mainstream market. It has a product selection       plant-based alternatives without sacrificing
packaging. Plant Power features a menu          of over 14 plant-based protein offerings            taste. With listings in over 300 grocery stores
that ranges from burgers, fries, shakes and     including plant-based meat, appetizers and          in Canada, including Save on Foods, IGA,
‘chicken’ tenders - to wraps, salads, juices,   veggie products made with concentrated,             Sobeys, Whole Foods Market, Buy Low
raw items and a kids menu. Plant Power has      non-gmo, plant-based proteins that are rich in      Foods, as well as an online retailer in the US,
often been referred to as a vegan version       vitamins c and a, iron, calcium, potassium and      Nabati is a fast-growing plant-based brand
of McDonalds and other similar fast-food        folic acid. Its products are high in fiber, omega   in high demand. Nabati products are free
concepts.                                       3 fatty acids, and antioxidants.                    from several major allergens making them
                                                                                                    attractive to several market segments.
                                                                                                                                               16
PORTFOLIO
Above Food develops and distributes             Eat Just, Inc. is on a mission to build a    Good Natured is producing and distributing
premium, whole plant alternatives to meat       food system where everyone eats well. The    one of North America’s widest assortments
and dairy by creating delicious, nutrient-      company’s world-class team of scientists     of better everyday products made with the
dense consumer products and branded             and researchers leverage a one-of-a-kind     highest-possible percentage of renewable,
ingredients. It uses a proprietary blend        discovery platform for food ingredient       plant-based materials and no BPAs
of plant proteins created from heirloom         innovation and Michelin starred chefs        (bisphenol A), phthalates or other chemicals
pulses and gluten free grains. Above Food       combine these discoveries with decades       of concern potentially harmful to human
brings its products to market by leveraging     of culinary expertise to create delicious,   health and the environment.
strategic relationships with leading co-        accessible, healthier and more sustainable   With a growing assortment of over 385
packers, distributors, and direct-to-consumer   products. Eat Just has been recognized as    products and services, Good Natured
e-commerce platforms.                           one of Fast Company’s “Most Innovative       creates eco-friendly home and business
                                                Companies,” Entrepreneur’s “100 Brilliant    products, food packaging, restaurant/takeout
                                                Companies,” CNBC’s “Disruptor 50” and a      containers, medical, and industrial supplies
                                                World Economic Forum Technology Pioneer.     designed to do good for the planet, good
                                                The company’s flagship plant-based egg       for human health, and good for business
                                                was named among Popular Science’s “100       by driving incremental sales, minimizing
                                                Greatest Innovations,” Fast Company’s        waste and reducing environmental impact,
                                                “World Changing Ideas” and, most recently,   all bundled up in a fresh and approachable
                                                its new folded plant-based egg won “Best     brand.
                                                New Frozen Product” at Expo West’s NEXTY
                                                Awards and Delicious Living’s “Best Bite
                                                Awards.”
                                                                                                                                            17
PORTFOLIO
            SingCell is building a scalable clean meat manufacturing           TurtleTree Labs is the first biotech company in the world
            platform in Singapore to enable global alternative meat            with the ability to create milk from all mammals. Using
            companies address APAC and global markets. The                     their proprietary cell-based methods, they will shape the
            Company’s investment in SingCell will be allocated as              future of not just how we get dairy milk but how humans
            follows: (i) 30% to pay for facility leases; (ii) 30% to pay for   will feed their infants. To maximise impact, the team will
            consumables & other OPEX.; and (iii) 40% to assist with            work with industry leaders to adopt their sustainable and
            payroll and working capital.                                       safe methods to create milk. TurtleTree Labs is able to
            The Company will appoint a nominee to SingCell’s board             have a 98% reduction in carbon footprint and as a result
            of directors upon closing of the investment. As SingCell is        will help to save the world by replacing dairy cows in the
            a private company, the Company’s exit strategy is to look          future. 
            for opportunities to sell the common shares of SingCell
            that it owns as the business of SingCell develops, most
            likely through a sale or go public transaction.
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VA L U E                        Our analytical framework, “PLATE” gives us a clear structure for mitigating risk with
                                measurable for our investments. These metrics are our sources of sustainable
  ADD
                                competitive advantage and allow us to generate maximum returns.
P
PRICE
                           L
                           LEADERSHIP
                                                        A
                                                        AWARENESS
                                                                                      T
                                                                                     TA S T E
                                                                                                                   E
                                                                                                                   EASE
Balancing the premium      Recognizing and              Stocked shelves and          An important factor,          We all regularly consume
prices paid by early       identify strengths and       food menus are               taste, is considered as       food in a range of places
adopters with the          areas of growth in           competitive, crowded         we assess potential           - at cafés, in restaurants,
tensility of mainstream    leadership and               spaces. Our choices          investments and               in school cafeterias, on
retail price points once   innovation.                  will be selected for         measure portfolio             airplanes, and beyond.
at scale.                                               their ability to break       progress. We want to          We see products that
                                                        through the noise with       love what we invest in.       can be distributed
                                                        a compelling story for                                     quickly and widely
                                                        consumers.                                                 across all types of
                                                                                                                   outlets, supporting the
                                                                                                                   wider scope of
                                                                                                                   consumer behaviour.
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C O M PA R AT I V E L A N D S C A P E
    Eat Beyond Global Holdings              Else Nutrition Holdings Inc         Burcon Nutrascience Corporation           Very Good Food Company Inc
     (EATS.CA | OTCPK:EATBF)                        (BABY:CA)                                 (BU.TO)                                (VERY.CN)
Private company – Going public         Publicly traded company listed on the   Publicly traded company listed on the   Publicly traded company listed on the
$8.25M valuation                                                               TSX Exchange $171M Market Cap           TSX Exchange $75M Market Cap
                                       TSX Exchange $175M Market Cap
Based out of Vancouver BC              Based out of Vancouver BC               Developing plant protein extraction     Based out of Victoria BC
                                                                               and purfification technology
Diversified portfolio                  52 week high/low: 	 $3.40 - $0.285      52 week high/low: $2.93 - $0.60         52 week high/low: $5.70 - $0.46
Shares outstanding: 19.1M              Shares outstanding: 79.55M              Shares outstanding: 96.8M               Shares outstanding: 31M
Innovative platform that provides      First commercial plant-based product Portfolio of compostion and                Designs, develops, produces,
access to the very best companies      for toddlers                         application technology                     distributes, and sells a variety of
                                                                                                                       plant-based meat and other food
                                                                                                                       alternatives
Experienced investment committee       Patented baby formula from two          Commercialized technology               Sells products through wholesale
                                       plants (100% plant based)                                                       and e-commerce stores, as well as
                                                                                                                       butcher shops
Invest in seed rounds through Series   Global distribution channels            Developing Puratein and Supertein       Has grown its active subscriptions
A and B with early sales traction                                              Canola protein isolates                 for the “Monthly Meat Club” to over
                                                                                                                       1,000 of its most loyal recurring
                                                                                                                       customers, from less than 100 this
                                                                                                                       time last year.
                                                                                                                                                             20
TERMS AND
STRUCTURE
                                              Share Structure
Warrants 12,325,000
Options 1,450,000
            RSU's                                                                 500,000
            TOTAL ISSU ED AN D OU T STAN DING
                                                                                  33,726,509
            F U L LY D I L U T E D
                    Anticipate listing on the CSE via Non-Offering Prospectus end of September 2020
                                                                                                      21
IN THE MEDIA
 Investing in plant protein accelerates
 “KANSAS CITY — Plant protein has a place — or maybe it’s places — in the grain-based foods industry.
 Potential applications include sports nutrition bars, gluten-free items, snacks and frozen pizza...”
 Missed Out On Beyond Meat? Buy These Two IPOs This Week
 “At 9:30 a.m., the opening bell of the New York Stock Exchange rang. All hell broke loose.
 Investors went nuts to buy the newly trading stock and shares opened the day up 84%...”
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  Figure 7: Retail Plant-based Food Market Overview
                                                                                                                                APPENDIX                                               Figure 16: Vegan Menu Penetration Over Time
               $2.0 B                                                                                     40%                                                                         Historic Menu Penetration
                                                                                                          35%                                                                                                                                                                                                                          11.2%
                                                                                                                                                                                                                                                                                                                          10.1%
               $1.6 B
                                                                                                          30%
                                                                                                                                Figure 9: Plant-based Dollar Sales Growth by Region
                                                                                                                                                                                      % of restaurant menus
                                                                                                                                                                                                                                                                                                               8.5%
Plant-based Food
                                                                                                                                                                                            that feature
                                                                                                          25%                                                                                                                                                                             7.3%
               $1.2 B
                                                                                                                                                                                                                                                                               6.0%
                                                                                                                   $ % Chg YA
 Sales
                                                                                                          20%
                                                                                                                                                                                                                                                                  4.0%
               $0.8 B
                                                                                                          15%                                                                                                                                             3.3%
                                                                                                                                                                                                                                              2.8%
                                                                                                                                                                                                      1.9%          2.0%            2.2%
                                                                                                          10%
               $0.4 B
                                                                                                          5%                                                                                       2008          2009             2010        2011       2012    2013          2014       2015                 2016         2017          2018
               $0.0 B                                                                                     0%
                                                                                                                                                                                       Menu Growth Rate
                           Tofu &   Plant-based   Plant-based   Other plant-   Plant-based Plant-based
                          Tempeh       Meat           Milk      based Dairy       Meals    Eggs & Mayo
                                                                                             Sales
                                                                                             $ % Chg YA                                                                                                       +490%                                   +87%                     +11%                                    +11.2%
                                                                                                                                                                                                                                                                                                                           menu
                                                                                                                                                                                                               since 2008                             4 year                     1 year
                                                                                                                                                                                                                                                                                                                         penetration
Plant-based Meat
                                                                                                                                                                                      Restaurant Type
  Figure 8: Growth in Plant-based Categories Compared to Animal-based Categories
                                                                                                                                                                                                                        27.8%
             70%
60%
                                                                                                                                                                                      % of restaurant menus
             50%
                                                                                                                                                                                            that feature
                                                                                                                                                                                                                                           11.4%                                                                  11.5%            11.1%
                                                                                                                                                                                                                                                       10.4%
                                                                                                                                                                                                              9.1%                                                                           6.8%
             40%                                                                                                                                                                                                                                                 6.9%
$ % Chg YA
30%
20%
Fast Casual
Casual
                                                                                                                                                                                                                                                                 Fine Dining
                                                                                                                                                                                                              QSR
Midscale
National Chains
Regional
                                                                                                                                                                                                                                                                                                                                   Indeopendent
             10%
0%
-10% Creamer Yogurt Cheese Ice Cream Meat Milk Butter Source: Datassential's MenuTrends Database
                                                            and Novelty
                                                                                             Plant-based
                                                                                             Animal-based
                                                                                                                                                                                                                                                                                                                                                  23
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              INVESTOR PRESENTATION 2 02 0
CSE:E ATS | OTCPK:E ATBF | FR ANKFU RT: 9 8 8 . F