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Eat Beyond Global Investor Presentation

Eat Beyond Global is an investment fund focused on providing access to alternative protein companies. The fund will invest in 15-20 companies over 4 years, targeting returns of 20% through investments in plant-based proteins, cultured agriculture, and food tech. The executive summary outlines the fund's investment focus, deal flow process, and board members which include former Mars Canada CEO Don Robinson and corporate finance expert Robert Kang.

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0% found this document useful (0 votes)
209 views24 pages

Eat Beyond Global Investor Presentation

Eat Beyond Global is an investment fund focused on providing access to alternative protein companies. The fund will invest in 15-20 companies over 4 years, targeting returns of 20% through investments in plant-based proteins, cultured agriculture, and food tech. The executive summary outlines the fund's investment focus, deal flow process, and board members which include former Mars Canada CEO Don Robinson and corporate finance expert Robert Kang.

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Copyright
© © All Rights Reserved
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INVESTOR PRESENTATION 2 02 0

CSE:E ATS | OTCPK:E ATBF | FR ANKFU RT: 9 8 8 . F


TERMS & CONDITIONS
THIS PRESENTATION IS CONFIDENTIAL AND IS BEING SUPPLIED TO YOU SOLELY FOR YOUR INFORMATION AND MAY NOT BE REPRODUCED, FURTHER DISTRIBUTED TO ANY
OTHER PERSON OR PUBLISHED, IN WHOLE OR IN PART, FOR ANY PURPOSE.

This Presentation does not constitute an offer to sell or a solicitation of offers to buy shares or other securities (“Securities”), assets or products of any company or to invest in any fund and is
not intended to form the basis of any investment decision. It is not and shall not be construed as a Private Placement Memorandum, and it is not reviewed or regulated by MiFID, AIFMD, or
any other financial authority at this stage.

Although reasonable care has been taken to ensure that the facts stated in this Presentation are accurate and that the opinions expressed are fair and reasonable, the contents of this
Presentation have not been verified by any company referred to herein or any other person. Accordingly, no representation or warranty, express or implied, is made as to the fairness,
accuracy, completeness or correctness of the information and opinions contained in this Presentation, and no reliance, should be placed on such information or opinions. Further, the
information in this Presentation is not complete and may change. No company referred to herein nor any of their respective members, directors, officers or employees nor any other person
accepts any liability whatsoever for any loss howsoever arising from any use of such information or opinions or otherwise arising in connection with this Presentation.

This Presentation is directed only at, and may only be communicated to, (i) persons who are outside the United States within the meaning of Regulation S under the US Securities Act of
1933, as amended (the “US Securities Act”) or (ii) inside the United States to persons who are “accredited investors” as defined in Regulation D under the US Securities Act. No public
offering of any securities discussed herein is being made in the United States and the information contained herein does not constitute an offering of securities for sale in the United States
and no company is currently intending to register any securities under the US Securities Act. Neither the United States Securities and Exchange Commission nor any securities regulator
body of any state or other jurisdiction of the United States, nor any securities regulatory body of any other country or political subdivision thereof, has passed on the accuracy or adequacy of
the contents of this Presentation. Any representation to the contrary is unlawful. Persons who do not fall within any of these definitions should not rely on this Presentation or take any action
in relation to it. The distribution of this Presentation in other jurisdictions may also be restricted by law, and persons into whose possession this Presentation comes should inform
themselves about, and observe, any such restrictions.

Recipients of this Presentation are not to construe its contents, or any prior or subsequent communications from or with any company referred to herein or their representatives as
investment, legal or tax advice. In addition, this Presentation does not purport to be all-inclusive or to contain all of the information that may be required to make a full analysis of the relevant
company or fund. Recipients of this Presentation should each make their own independent evaluation of the relevance and adequacy of the information in this Presentation and should make
such other investigations as they deem necessary. By participating in and/or accepting delivery of this Presentation you agree to be bound by the foregoing restrictions and the other terms
of this disclaimer. This Presentation may contain forward-looking statements that reflect current expectations regarding future events. Forward-looking statements involve risks and
uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors.

2
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.

D E L I V E R A C C E S S to this dynamic areas of the food


industry through quality deals as a result of early mover advantage
and unparalleled sourcing skills.

T A R G E T medium-term unlevered returns of +20% through


investment opportunities with industrial partners working actively
with fund investors.

D I S C O V E R 15-20 key equity-linked investments in a range


of $1-10M over the initial 48-month deployment period with a
minimum ownership goal of 5%+.

P R O V I D E capital for select buy-ins or buy-outs, along with


early stage, growth, and expansion opportunities.

EXECUTIVE F O C U S on select geographic areas; North America, Europe,


Israel, and continuing with key Asian and Latin American countries

SUMMARY where opportunities are aligned with our objectives.

R E A L I Z E exits though management buy-backs,


industry trade sales, and/or public markets.
4
DE AL FLOW
O U R P R I M A R Y F O C U S is on growth-stage companies
in key categories:
P L A N T- B A S E D P R O T E I N
FERMENTED FOODS
C U LT U R E D A G R I C U LT U R E
FOOD TECH
CPG/ VELOCIT Y
CELL AG
O U R M A N D A T E is to invest in seed rounds through Series A
and B with early sales traction and distribution growth.

Term sheets on 2 DEALS 8 D E A L S under review


5
BOARD MEMBERS

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

ALEXANDER SOMJEN ROBERT KANG


DIRECTOR DIRECTOR
Mr. Somjen has extensive experience serving as an Mr. Kang has been self-employed since April 2015.
officer and director of publicly listed and privately He was the Director of Listed Issuer Services and held
held companies. He currently serves as President of other positions with TMX Group from March 1992 to
a diversified, multi-state cannabis company and as March 2015. He is a corporate finance professional
President and CEO of a publicly traded global investment who is experienced in all aspects of Exchange policy,
company. He began his career in capital markets having corporate governance and public company obligations.
spent over a decade at a large financial institution Mr. Kang is currently the principal of RSJ Consulting
working in both investment banking and sales and Inc., a firm that provides corporate finance advice.
trading related capacities. During his career, Mr. Somjen Mr. Kang received a Bachelor of Commerce degree
pivoted away from capital markets for a time as co- from the University of British Columbia in 1988 and
founder of an artificial intelligence related tech concern. obtained his C.A. designation at Ernst and Young.
Mr. Somjen will not be a party to any employment, Mr. Kang will not be a party to any employment, non-
non-competition or confidentiality agreement with the competition or confidentiality agreement with the
Company. It is expected that he will devote approximately Company. It is expected that he will devote approximately
10% of his time to the business of the Company to 10% of his time to the business of the Company to
effectively fulfill his duties as a director of the Company. effectively fulfill his duties as a director of the Company.

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.

8
INVESTMENT COMIT TEE

LLOY D LO C K H A R T MICHAEL OWEN


INVESTMENT COMMITTEE MEMBER INVESTMENT COMMITTEE MEMBER
Lloyd has 46 years in grocery retail experience. He was just Mr. Owen has over 30 years of experience and is a senior
21 years old when he bought his first SuperValu grocery marketing and sales executive. He has held leadership
store with his two partners. Together they operated four positions in a range of companies focused on consumer
independent SuperValu stores over a span of fourteen packaged goods, with leadership experience in marketing,
years. In December of 1990, Mr. Lockhart and his partner sales, and supply chain. He spent over 10 years as a
opened their first Choices Market on a shoestring and partner at Crombie Kennedy, a leading Canadian sales
grew their company to an eleven retail store grocery chain. agency, which was acquired by Advantage Solutions
They received multiple platinum, gold, silver and bronze in 2010. With Advantage Solutions, Mr. Owen played
Independent Grocer awards for all of Canada. In addition, an instrumental role doubling EBITDA as VP Business
they also received Entrepreneur awards for business in Development, responsible for creating innovative sales
B.C. twice. Mr. Lockhart took the company to over one and supply chain solutions for leading brands across
hundred million dollars per year before selling in 2017 after multiple categories during the 5 years post-acquisition.
twenty-seven years. During that time they opened their Prior to this, he held marketing and sales positions with
own profitable wholesale division (CCW - Canadian Choice Robin Hood Multifoods Inc., Unilever, Nestle, and Mars
Wholesale), as well as a gluten-free bakery and commissary Incorporated, where he was CMO of the Uncle Ben’s Rice U.S.
that supplied the chain in-store delis. Choices had nearly division. Previously Mr. Owen has enjoyed entrepreneurial
one thousand employees at the time of selling and many success including ownership of the Duncan Hines brand in
long term, working for Choices for over twenty-five years. Canada and participation in several food company startups.
Mr. Owen is also an advisory board member
for Nature Bio Foods, India’s largest exporter
of organic foods and ingredients

9
INVESTMENT COMIT TEE

DIANE JANG ALAN LINDER


INVESTMENT COMMITTEE MEMBER INVESTMENT COMMITTEE MEMBER
Diane is an experienced business executive, specializing Alan has been in the Natural/Organic business for over 30
in strategic planning for sustainable success, growth and years. This includes a 25-year career in Senior Management
profitability for companies. With over 29 years of business with United Natural Foods Inc. (UNFI) an International Food
experience in the Consumer-Packaged Goods industry, she Distribution Company. His responsibility was to work closely
has a proven track record in leading plant-based protein with both the Conventional Supermarkets and the Natural
companies to become market leaders in their industries. Retail Group in selecting products that worked best with
Previously, Ms. Jang led companies as CEO and Director of their different classes of trade. His ability to recognize up and
Hempco Food and Fiber Inc, President at Sunrise Soya Foods coming trends, then select the right company/product to
and General Manager at Earth’s Own Food Co Inc. Previously, be a leader in their category helped with positioning those
Ms. Jang also served as a Director of Aurora Cannabis Inc. products out of the thousands available that would work
and as a Director of Big Sisters of BC Lower Mainland. best with his customer base, as well as, the Consumers. In
2004 Alan was asked to lead the UNFI Expansion into the
Asian Market. In 2008, Alan formed ARL Associates. His
group has focused on “plant-based” products, as he knew
this category was going to be part of the Food Future. From
2008 to today, Alan has worked with Food & Beverage
Companies from the U.S., Canada, & Asia. When analyzing
a company, Alan looks at the: Category, SKU Rational,
Production Facilities, Product Distribution, Sales Strategy,
Marketing Opportunities, Profitability and Managements
commitment as well as their vision in continuing its growth.

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

Q1 2016 Q3 2016 Q1 2017 Q3 2017 Q1 2018 Q3 2018 Q1


2016 Q2 2016 Q4 2017 Q2 2017 Q4 2018 Q2 2018 Q4 2019

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
11
9
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.

China signed a $300M agreement in 2017 to import


UNITED STATES UNITED KINGDOM cultured-meat technologies from Israel.
Consumers are turning to plant-based CPG foods that Wicked Kitchen, a Vegan brand, sold 2.5M meals
directly replace animal products, with growth of 17% in the within its first 5 months of launch at Tesco
past year to more than $3.7B. Total US retail food sales grew grocery stores. ASIA PACIFIC
2% during the same period. Australia is the 3rd fastest growing vegan market
Over 10,000 units of Pizza Hut’s vegan pizza were worldwide.
By November 2018 Plant-based protein shipments from sold in just 3 weeks after launch.
distributors to food-service operators increased by 20%. The number of vegan food products launched in
Australia rose by 92% between 2014 and 2016.
EUROPEAN UNION
EU direct over €1B for research into high-quality New vegan product launches increased 440% in 2016 in
SOUTH AMERICA plant-based meats between 2010 and 2013. Southeast Asia
Brazil announced plans to offer only vegan meals in schools
by 2020, affecting 23M meals per year. Germany accounts for 15% of global vegan
introductions between 2017 & 2018, leading JAPAN
globally in vegan product development. The government participated in a $2.7M funding round
for cultured meat start-up Integriculture in 2018.
12
10
A LT E R N A T I V E P R O T E I N
LANDSCAPE Production offers a wide opportunities for innovation divided
by the type of protein and the stage of production value chain.

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

PL AN T- BA S E D F E R M ENTED C ULTURE PROTE IN S NOVEL PROTEIN Algae, Fungi,


- Immortalized
Tubers, etc Cell Lines
proteins are cooked and P ROTEINS can be produced through SOURCES

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
- -

PLANT FERMENTED CULTURED


BASED

13
11
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.

40% 30% 15% 10% 5%

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.

OPPORTUNITIES OVER FUND LIFE

500 200 120 60 30 20


SOURCING HIGH LEVEL OPPORTUNITY INVESTMENT DUE DILIGENCE N E G O T I AT I O N
REVIEW & FINANCIAL C O M M I TT E E
A N A LY S I S

15-20 INVESTMENTS
14
12
PORTFOLIO The Very Good Food Company announces
$5.2 Million Bought Deal Offering
YAHOO FINANCE

Eat Beyond’s Investment The Very


Good Food Company Completes IPO
DELI MARKET NEWS

Vegan Butcher’s Ipo Jumps 800% in


The Very Good Food Company Inc., a plant-based food technology company, designs,
First Day of Trading
develops, produces, distributes, and sells a variety of plant-based meat and other food LIVEKINDLY
alternatives. It offers burgers and bangers, as well as pepperoni, ribz, Taco Stuff’er, roast
beast, steak, and stuffed beast products; and seasonal specialty and special-order
products, such as holiday ham and seitan bacon. The company offers its products
under The Very Good Butchers brand. It sells products through its wholesale and
e-commerce stores, as well as butcher shops. The company was formerly known as The
Very Good Butchers Inc. and changed its name to The Very Good Food Company Inc. Former Mars Canada CEO Joins
in October 2019. The Very Good Food Company Inc. was incorporated in 2016 and is Board of Local Plant-Based Fund
headquartered in Victoria, Canada.
BUSINESS IN VANCOUVER

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.

18
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.
19
13
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

Common shares issued and outstanding 15,770,710

Special warrants convertible to common shares 3,362,640

TOTAL ISSU ED AN D OU T STAN DING 19,133,350

Warrants 12,325,000

Broker warrants 318,159

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%...”

Investors Find More Reasons To Back Plant-Based Meat Brands


“May is turning out to be another busy month for plant-based meat deals, with Beyond Meat’s record IPO last
week and the news this week that Hain Celestial has sold its WestSoy meat replacement business...”

Canadian farmers, companies invest in plant-based protein amid growing demand


“Prairie farmers who grow, rather than raise, protein sources are looking to break into the mainstream with
new research and investments on how to sustainably feed the world...”

22
15
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
16
INVESTOR PRESENTATION 2 02 0
CSE:E ATS | OTCPK:E ATBF | FR ANKFU RT: 9 8 8 . F

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