Cibus, Inc. · NASDAQ:CBUS
Cibus — Calyxt — Merger or Acquisition (February 2023)
21 slides from Cibus's merger presentation, Feb 14, 2023
Slide 1: Company Introduction February 2023
Exhibit 99.1 D R I V I N G T R A I T & B R E E D I N G I N N O VAT I O N™ Company Introduction F e b r u a r y 2 0 2 3
Slide 2: Investing in seed innovation quote from Bill Gates
“Investing in seed innovation is one of the best ways to ensure food security.” - Bill Gates 2 2
Slide 3: Key Management Team
Key Management Team Rory Riggs Greg Gocal, PhD Peter Beetham, PhD CHIEF EXECUTIVE CHIEF SCIENTIFIC OFFICER CHIEF OPERATING OFFICER EXECUTIVE VICE PRESIDENT OFFICER PRESIDENT CO-FOUNDER CHAIRMAN CO-FOUNDER CO-FOUNDER Noel Sauer, PhD Wade King, MD Rosa Cheuk Kim, JD SENIOR VICE PRESIDENT CHIEF FINANCI
Slide 4: The Trait Business Background
is in The Trait Business Background FOUNDED EMPLOYEES 2001 ~200 Products HEADQUARTERS Productivity traits Plant traits that improve yields San Diego, CA and/or lower costs such as chemicals Sustainable ingredients Major oil crops Customers Seed Companies SOYBEAN CANOLA Farmers pay for Seed Co’s Trai
Slide 5: Merger Combines Key Technologies in Gene Editing
See: Cibus.com for Announcement & Details https://www.Cibus.com/press-release.php Merger Combines Key Technologies in Gene Editing Productivity Traits Sustainable Ingredients Gene Edited Plants Plants, Micro-Organisms Oil Seeds Cereals Yarrowia Plant Cell Matrix (Both) (Both) (Cibus) (Calyxt) 5
Slide 6: The Trait Machine: Cibus' Patented Gene Editing Platform
Technology & Business The Trait Machine™ Cibus’ Patented Gene Editing Platform ➢ Changes the Scale, Speed & Accuracy of breeding ➢ Scale materially shortens timelines to develop & commercialize Traits ➢ Changes the Opportunity Set 6
Slide 7: Cibus is Leader in Foreign DNA / Gene Edit
Cibus is Leader in Foreign DNA / Gene Edit Transgene Insertion Gene Edited Traits CibusRTDSTrait Technology GMO Trait Technology Genetic Modification w/o (non-GMO RTDS®* Technology Genetic Modification integrating integrating Foreign DNA/Transgene Foreign DNA/Transgene w/o integrating Foreign DNA) T
Slide 8: RTDS Enables the Trait Machine
RTDS Enables the Trait Machine An Industrial Scale End-to-End Semi-Automated Gene Editing (Breeding) Process “Nature Identical” Traits Traits from the Trait Machine “Step Change in Breeding” are indistinguishable from nature (or, breeding). Bio-Mfg. Standards Pharma Standard Quality Control & Assura
Slide 9: The Trait Machine: The Step Change in Breeding
The Trait Machine The Step Change in Breeding Happens Two Ways #1– Prototyping: Accelerates Development & Proof of Concept. #2– Production: Accelerates Speed to Market by Editing Directly in Elite Germplasm. Trait Machine Trait Machine directly Once a trait is developed, Trait Machine accelerates ed
Slide 10: Business Model: Traits Distributed in Seeds by Seed Co's
Business Model: Traits Distributed in Seeds by Seed Co’s Seed Companies in-license productivity traits and pay traits royalties E.G.: In 2018, Corteva disclosed that they pay ~$750 million in Trait Royalties.(*) WHO TURN TO TURN TO Farmers Seed Companies Plant Trait Developers Challenged by the impa
Slide 11: Economics: Farmers Pay Seed Co's Fees for Productivity Traits
Economics*: Farmers Pay Seed Co’s Fees for Productivity Traits Seed Co’s Pay Trait Co’s Royalties for Trait IP Major Crops (NA&SA) Trait Fees ~ 400 MILLION ACRES The Trait Business $2.1B Soybean ➢ Accessible Acres ~400 MM $1.0B Cotton ➢ Trait Fee Acres > 300 MM Est. 2020 $0.4B TRAIT FEES ➢ Avg. Trai
Slide 12: Food Supply Challenge and Limited Solutions
Productivity Impacted Scale Solutions Limited for FOOD SUPPLY CHALLENGE a Problem > 1B Acres by Climate Change The Sustainable Supply Heat & Humidity of the Major Crops ORGANIC FARMING Impacting: Low productivity, no scale These 5 crops: Corn, Wheat, VERTICAL/INDOOR FARMING Drought Rice, Soybean & C
Slide 13: The Plan: Address Major Challenges at Scale
The Plan: Address Major Challenges at Scale Many areas like disease resistance & climate traits are now real targets. As a Multi-crop platform, Cibus can launch in multiple crops simultaneously. Resistance Traits Efficiency Traits DISEASE RESISTANCE NUTRIENT PROCESSING Able to resist or fight diseas
Slide 14: The Plan: Collaborate with Partners to Develop New Traits
The Plan: Collaborate with Partners to Develop New Traits Goal: To be an Extension of Partner’s Breeding Program Soybean Canola Rice MM MM MM TAM TAM TAM 190 ACRES ACRES 11 ACRES 46 Leading Rice Seed Co. NOTE: TAM - Total Addressable Market includes just hybrid crops in North America, South America
Slide 15: Product Review: Six Unique Traits
Product Review Six Unique Traits that are Developed or Advanced 3 Traits beginning commercialization Pod Shatter HT3 HT1 Reduction Rice Rice Canola 3 Traits in advanced development Sclerotinia Nutrient Use HT2 White Mold Efficiency Canola Rice Canola Pipeline Disease Pests Climate 15
Slide 16: Traits Being Launched: Canola & Rice
3 Traits Being Launched st 1 Crops: Canola & Rice* ➢ Cibus already has 11 customers with est. acreage ~20 MM acres. ➢ All 3 have been determined not to be regulated articles through USDA APHIS “Am I Regulated” (now the SECURE Process) for regulating gene edited products. * See slide 21 for data sour
Slide 17: Lead Trait: PSR
Lead Trait: PSR Pod Shatter Reduction (PSR) - Canola/WOSR Quantifiable Savings & Pricing, Recently Issued Product Patent* Commercial Progress: POD Shatter Reduction The PSR Market Developed & Transferring Canola/WOSR sheaths (pods) Accessible Acres shatter in rain/high winds, causing Initial Seed yi
Slide 18: Crop Strategy: Multi-Trait Crops
Crop Strategy: Multi-Trait Crops Strategy: Within a Crop, Build a Pipeline of Stacked Traits Available to Each Customer Multiple Traits Increases Trait Specific Acres for the Specific Crop Cibus has a Multi-Trait Pipeline for Canola Est. Cibus Est. Trait Royalty* Trait Acres* Pod Shatter (PSR) 25 MM
Slide 19: Trait Strategy: Multi-Crop Traits
Trait Strategy: Multi-Crop Traits EST. CIBUS TRAIT ACRES Strategy: Build a Pipeline of Stacked Traits Available to Multiple Crops Multiple Crops Increase the Potential Addressable Acres for Each Trait SPECIALTY TRAITS ~30 MM Cibus’ Multi-Crop Traits are Applicable to the Major Crops* * See slide 21
Slide 20: Business Strategy
Business Strategy: ➢ Build Trait Machine Capabilities for all Major Crops ➢ Build Family of Important Traits Applicable to Multiple Crops Major Crops (NA&SA) Trait Fees ~ 400 MILLION ACRES $2.1B Trait Business Scale Soybean ➢ Major Traits are Applicable $1.0B to Multiple Crops Cotton Est. 2020 ➢ Tra
Slide 21: Disclaimer
Disclaimer Securities Law Matters Acreage Data This presentation shall not constitute an offer, nor a solicitation of an offer, of the sale or This presentation has 2 available acreage calculations: TAM-Total Accessible Acres and Trait purchase of securities, nor shall any securities of the Company