Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Shareholder Meeting (June 2026)
45 slides from Newtree Societe Anonyme's shareholder meeting presentation, Jun 2, 2026
Slide 1: Ordinary General Meeting
Ordinary General Meeting June the 2nd, 2026 1
Slide 2: A Word from the Chairman
A WORD FROM THE CHAIRMAN Bruno Colmant, Chairman of the Board of Directors. 2
Slide 3: Agenda - Ordinary General Meeting 2026
AGENDA - ORDINARY GENERAL MEETING 2026 Introduction ~ At a Glance |Team | Governance 1. Key Highlights ~ 2025 | Q1 2026 | Latest Portfolio News 2. Market Outlook ~ Trends | Agri-Food Tech Investments |4 categories 3. Investment Strategy ~ Since Inception | Portfolio | Over the years 4. Financials ~
Slide 4: Newtree Impact at a Glance
Newtree Impact at a Glance We are an investment holding FOOD-TECH aligning financial returns with Ingredients & lifestyle and dietary shifts environmental impact. Portfolio examples: Perfat, Onego Bio Investing in disruptive Tech AGRI-TECH companies reshaping the future Innovation in agriculture of
Slide 5: Team and Governance
Team and Governance MISSION COMMITTEE Mathilde Do Chi Valentine Papeians Hugues de Meulemeester Etienne de Callataÿ Regulatory Expert ESG Professional in Food Environmental Expert Economist Nathalie Peeters Head of Expansion & Impact OPERATIONAL Abhishek Anand Lisa Colombo TBD Jean-François Cambier
Slide 6: 1. Key Highlights
1. Key Highlights 6
Slide 7: Key Highlights 2025
Key Highlights 2025 Team & Governance ⎯ Hire of Operating Partner Jean-François Cambier, as CEO of Newtree Group SA. ⎯ Etienne de Callataÿ joins as a new member of the Mission Committee. ⎯ Released the Annual Impact Report 2025 edition I Scientific rigor through IRIS+ methodology & planet boundaries
Slide 8: Key Highlights Q1 2026
Key Highlights Q1 2026 Investments ⎯ 2 new Investments: €750K committed for Standing Ovation and €350K in Foreverland. ⎯ Follow-ons in Yeastup and New School Foods. Holding ⎯ Selected amongst the Top 30 Nominees for the Changemakers Awards. ⎯ Held 1 Mission Committee Session on asset classes and pub
Slide 9: Financial Highlights 2025
Financial Highlights 2025 +€ €1 17 0. 9MM +€2.4M C A P I TA L R A I S E D INVESTED Crowd & Private Placement in 2025 €2.60 +5 ROUND PRICE PA R T I C I PAT I O N S Capital Increase 2025 in 2025 1 st +295 CROWDLISTING NEW INVESTORS Across Borders (BE, FR) Via Crowdlisting 2025 9 Sources: ALGAMA, PERFA
Slide 10: Latest Portfolio News
Latest Portfolio News EvodiaBio secured €6M in Dec 25 Yeastup launched its first 40 Onego Bio received FDA approval to accelerate growth. hectolitre industrial-scale facility. for its Bioalbumen. Atomo Coffee pivoted towards Newtree’s - an Innovative platform Cubiq Foods has filed for prebiotic coff
Slide 11: 2. Market Outlook
2. Market Outlook 11 Sources: ALGAMA
Slide 12: Global Investment in Agri-Food tech is steady
Global Investment in Agri-Food tech is steady $16.3B 2025 $56.6B Global Agri – Food Tech Funding Flat vs 2024 (+2%) $34.9B $27.3B $17.1B $16.1B $16.3B 9.8 6.5 4.8 3.1 4.5 3.4 2020 2021 2022 2023 2024 2025 12 European Agri-Food Tech Investments Global Agri-food tech Investments Sources: (i) Agfunder
Slide 13: The Capital invested is mainly upstream
The Capital invested is mainly upstream Upstream #1 E.g. Agriculture & Raw production, New ingredients, $56.6B biologicals Downstream #2 E.g. Consumer-facing food & retail, supermarkets, meal-kits 33.8 Midstream $34.9B #3 E.g. Processing & Infrastructure, manufacturing, food service $27.3B 13.5 14.4
Slide 14: 3. Investment Strategy
3. Investment Strategy 14 Sources: Perfat Technologies
Slide 15: Investments Sustained Pace
Investments Sustained Pace 20.0 48 €17.5M 44 18.0 ⎯ Sustained pace of 23 investments in 5 years ⎯ Cumulated (Re)Investments increased by 54% compared with FY2024 16.0 €15.0M 36 40 36 14.0 32 12.0 €10.7M 28 24 10.0 24 €7.6M 18 23 20 8.0 13 18 16 6.0 15 12 €4.0M 4.0 12 6 8 €2.0M 2.0 1 6 4 0.0 1 0 2020
Slide 16: N3I Since Inception: Global Portfolio across 15 Countries
N3I l Since Inception: Global Portfolio across 15 Countries Capital Invested % Geography Stage Sector Vintage 6% 25% 27% 24% 29% 66% 38% 9% 12% 76% 48% 27% Funds Food Tech 4 years Series-A/(Seed) Agri Tech 3 years 1% Growth/Series B/Pre-IPO 1-2 years < 1 year 16 The percentages displayed on the map
Slide 17: Newtree Impact Portfolio Companies
Newtree Impact Portfolio Companies 17 Direct lines 8 Funds Newtree Group Proteon Pharma Protix Cubiq Foods Atomo Coffee Algama Evodiabio 2021 2021 2021 2022 2022 2022 2022 Disruptive food Bacteriophage Insect-based feed Alternative Alternative Microalgae eggs Precision – fermented platform for ABR*
Slide 18: Investments over the Years
Investments over the Years 2020 2021 2022 2023 2024 2025 NEW lines €2.0M €2.0M €3.7M €3.1M €4.3M €2.4M ⎯ Inception of N3I ⎯ 2 Food-tech Funds ⎯ Cubiq Foods ⎯ CropX ⎯ Clay Capital ⎯ Perfat Technologies ⎯ Aqua-Spark ⎯ Aqua-Spark ⎯ Atomo Coffee ⎯ Heura Foods ⎯ OnegoBio ⎯ Ubees ⎯ Proteon ⎯ Algama Foods
Slide 19: 4. Financials
4. Financials 19
Slide 20: Our NAV Evolution by Year
2.5 Our NAV Evolution by Year € 30M € 2.15 €26M € 2.09 €25M € 25M 2.0 € 1.91 € 1.98 € 2.01 € 1.58 €19M € 20M € 1.46 1.5 € 15M €14M 1.14x 1.06x 1.03x 1.06x 1.00x 1.0 1.11x 0.85x 0.91x 1.00x 1.00x 0.99x 1.00x € 10M €9M 0.84x 0.87x 0.5 €5M € 5M €3M +4M +4.3M +6.8M +10M CAPITAL RAISE CAPITAL RAISES CAPI
Slide 21: The NAV per Share: €1,98 as of December 31st
The NAV per Share: € 1,98 as of December 31st 10.0 M 25.4 M -2.8 M -0.6 M 1.4 M 5.4 M 18.8 M -1.4 M -0.5 M 1.0 M 13.9 M 4.3 M -0.3 M 4.1 M 0.3 M 8.9 M -0.2 M 2.4 M 0.1 M 4.6 M -0.2 M 2.3 M €1.5 €1.6 €1.9 €2.2 €2.1 €2.0 31/12/20 31/12/21 31/12/22 31/12/23 31/12/24 31/12/2025 Capital Raise Reevaluatio
Slide 22: 2.3x Projected Value Growth by 2032
2.3x Projected Value Growth by 2032 €2.2 M €59.5 M €4.9 M €27.0 M €25.4 M IRR: 12,6% ASSUMPTIONS No Capital Increase Only investing current cash Based on Current Portfolio NAV 2025 Food-tech Agri-Tech Funds Projected NAV in 2032 22
Slide 23: Capital Structure
Capital Structure Shares - 12.819.428 FY 2024 FY 2025 YTD Market Cap. - €33,3mm Trading Value €116k €357k €98k Volume (#shares) 47k 150k 45k Average Daily (#share) 445 587 445 10% 4% 6% The limited float on Euronext Access causes extreme sensitivity. E.g. 2,378 shares (5,011 euros) exchanged via onl
Slide 24: 5. Accounting
5. Accounting 24 Sources: AI
Slide 25: Balance Sheet – As of 31/12/25, Belgian GAAP €k
Balance Sheet – As of 31/12/25, Belgian GAAP €k Financial Summary FY 2025 FY 2024 FY 2025 FY 2024 Net Asset Value (€Mn) 25,4 18,8 Equity 29,8 19,9 NAV Per share (€) 1,98 2,09 Investments 17,5 13,6 Balance Sheet ASSETS FY 2025 FY 2024 LIABILITIES FY 2025 FY 2024 Cash & Cash Equivalents 10,779 3,615 P
Slide 26: Income Statement – As of 31/12/2025, Belgian GAAP €k
Income Statement – As of 31/12/2025, Belgian GAAP €k Income Statement note that there is no outstanding debt FY 2025 FY 2024 REVENUES Revenues 32 5 Total 0 5 GROSS PROFIT 0 5 OPERATING EXPENSES Key Metrics (€m)note that there Office Rent/Supplies -28 -26 2025 2024 2023 2022 2021 Salaries -462 -355 O
Slide 27: 6. Portfolio Focus
6. Portfolio Focus 27 Sources: Standing Ovation
Slide 28: New Portfolio Companies and Follow-ons: Q1/Q2 -2026
New Portfolio Companies and Follow-ons: Q1/Q2 -2026 NEW NEW NEW 28
Slide 29: New Portfolio Companies and Follow-ons: Q1/Q2 -2026
New Portfolio Companies and Follow-ons: Q1/Q2 -2026 NEW NEW NEW 29
Slide 30: Ubees: Bees – Regenerative agriculture
Ubees: Bees – Regenerative agriculture What they do? — Began as a pollination marketplace in the US, matching growers with beekeepers for almond and fruit crops — Pivoted in 2022 toward a brand-first model focused on biodiversity services, hive leasing, & premium honey production. — Currently operat
Slide 31: New Portfolio Companies and Follow-ons: Q1/Q2 -2026
New Portfolio Companies and Follow-ons: Q1/Q2 -2026 NEW NEW NEW 31
Slide 32: Standing Ovation: Casein via precision fermentation
Standing Ovation: Casein via precision fermentation What do they do? — Founded in 2020 focusing exclusively on the fermentation-based production of casein proteins. — Proprietary microbial expression platform capable of producing all four major bovine casein types which self-assemble into micelles s
Slide 33: New Portfolio Companies and Follow-ons: Q1/Q2 -2026
New Portfolio Companies and Follow-ons: Q1/Q2 -2026 NEW NEW NEW 33
Slide 34: Foreverland: Alt Chocolate via fermented carob
Foreverland: Alt Chocolate via fermented carob What they do? — Develops next-generation chocolate alternatives using carob, an underutilized yet climate-resilient Mediterranean crop. — Flagship ingredient, Choruba, is produced through a proprietary, patent-pending process using oats & gluten-free gr
Slide 35: Portfolio Evolution towards profitability and scale
Portfolio Evolution towards profitability and scale Heura Foods EBITDA+ Reached in Q1 2026 No Revenues Generating 12% Scaling 29% Fable Foods EBITDA+ to be reached during Q2 2026 17 Direct Participations Early Stage (2026) 35% Ubees EBITDA+ Reached in 2024, consistent positivity from Q2 Commercial 2
Slide 36: 7. Mission
7. Mission 36 Sources: ALGAMA
Slide 37: Mission Report 2025
Mission Report 2025 Accessibility of Impact Investing Importance of education, transparency, and trust. Science-Based Impact Framework 5 key environmental drivers. Strategic Priorities & Governance Additionality and governance. 37
Slide 38: 8. What's Next
8. What’s Next 38 Sources: PROTIX
Slide 39: What's Next?
What’s Next? Upcoming Objectives ⎯ Extension of the team – looking for an Investment Manager. ⎯ Strengthen diversification via Agri-tech & food waste investments. ⎯ Growing our investors community to become a reference in the sector. ⎯ Accelerating investment deployment in Belgium alongside leading
Slide 40: Q&A
Q&A
Slide 41: Annual Meeting > Proposed Resolutions
Annual Meeting > Proposed Resolutions 41 41
Slide 42: Resolutions
RESOLUTIONS 1. Annual Accounts ~ Approval 2. Annual Accounts ~ Appropriation of the company’s results 3. Directors ~ Discharge to the directors 4. Directors ~ Nomination and renewal of Director’s mandate 5. Conclusion ~ Closing remarks 42
Slide 43: Thank you
Thank you www.newtreeimpact.com info@newtreeimpact.com 43
Slide 44: Summary. Terms & Structure
Summary. Terms & Structure — Investment in Disruptive Food-Tech companies providing solutions to fight Climate Change — Approach Series A, Opportunistic Late Stage, Equity Listed and Funds — ESG positioning Impact Investor — Geographic focus Worldwide but mainly Europe, United States — Investment ho
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