Slide 1: Burcon NutraScience: A New World in Plant-based Protein
Burcon NutraScience A New World in Plant-based Protein Corporate Presentation • December 2021
Slide 2: Safe Harbour Statement
Safe Harbour Statement GENERAL Burcon NutraScience Corporation (“Burcon” or, the “Company”) is making this presentation available to selected persons on the terms and conditions set forth below. Any unauthorized use of the presentation is strictly prohibited. Additional information with respect to B
Slide 3: Better process. Better proteins. Better partners. Better planet.
Better process. Better proteins. Better partners. Better planet. Burcon NutraScience.
Slide 4: Consumer awareness of the impact of their buying decisions has grown rapidly
Consumer awareness of the impact of their buying decisions has grown rapidly… …and they’re increasingly choosing plant-based solutions to positively affect their health, as well as the environment, climate and planet. 4
Slide 5: Our Opportunity
Our Opportunity Plant-based protein sales will reach $167 billion in 2035** 5
Slide 6: Better process.
Better process. Key Facts Beyond meat. And dairy. And egg. • Over 290 issued patents • Over 200 patents in the pipeline Our world-class team of scientists • And we’re far more than a is continuously innovating patent portfolio – we’re in patented, repeatable processes production, too, through Merit
Slide 7: Better protein.
Key Facts Better protein. 100% plant-based is now 100% possible. • Our patented, plant-based proteins offer near 100% purity, exceptional taste and excellent Our best-in-class plant proteins solubility lead the industry in taste, functionality, • Proteins of this purity outpace purity, and quality —
Slide 8: Better partners.
Better partners. Powering the best providers. “Developing nutritious and great-tasting plant- based meat and dairy alternatives requires Our advanced process and superior proteins have attracted world-class partners and access to tasty, nutritious and sustainable raw customers materials as well as p
Slide 9: Better planet.
Key Facts Better planet. • The negative impact of animal- Healthier people. Healthier world. based protein on our individual health and collective ecosystem is well documented Plant-based promotes clean eating and a cleaner world. Producing our • Producing plant-based protein sustainable plant-based
Slide 10: Plant Protein, pure and simple.
Plant Protein, pure and simple.
Slide 11: Key JV Terms & Bunge Partnership
Key JV Terms & Bunge Partnership Burcon is Merit’s largest shareholder with a 31.6% equity position • Existing 20-year exclusive royalty-bearing license from Burcon on Merit’s top-line sales • Burcon scientific and technical support provided under existing Services Agreement Bunge (NYSE: BG) investe
Slide 12: Merit Functional Foods
Merit Functional Foods • Completed construction of a 94,000 ft2 state-of-the-art pea and canola protein production plant (Phase 1) • Capacity to process 20,000 tonnes yellow field peas/canola; expandable to 100,000 tonnes (Phase 3) • Commercially ready to produce and sell high-purity, highly-differe
Slide 13: Proprietary Processing Approach
Proprietary Processing Approach Our proprietary process yields superior plant- based proteins through simple but elegant chemistry incorporating membrane filtration to separate the soluble/insoluble fractions of the naturally functional proteins while removing the unwanted compounds found in all pla
Slide 14: New Benchmark in Plant-based Proteins
New Benchmark in Plant-based Proteins Our proprietary extraction technology and unique purification process results in disruptive, best-in-class protein ingredient solutions that offer unmatched purity (>90%), superior functionality, exceptional neutral color taste, and excellent solubility. unmatch
Slide 15: Superior Taste, Look & Texture
Superior Taste, Look & Texture Overall Liking – 9 Pt scale Merit Pea Competitor 1 Competitor 2 Competitor 3 Competitor 4 Overall Color Overall Overall Aftertaste Appearance Flavor Texture Merit Competitor Competitor Competitor Competitor Attribute Pea 1 2 3 4 A two-part research study with an expert
Slide 16: Nutritional Profile on Par with Animal-based Proteins
Nutritional Profile on Par with Animal-based Proteins Blends of pea and canola protein enable higher levels of plant protein in formulations than previously thought possible. This places Merit’s plant-based proteins on par with the highest scoring animal-based proteins, including eggs and cow milk,
Slide 17: Game-Changing Functional Attributes
Game-Changing Functional Attributes Gelatin or Egg-Replacement Gelling, Binding & Emulsification for Meat Burcon’s platform provides best-in-class Alternatives functionality, including (1) High solubility (2) Exceptional binding / emulsification / gelling characteristics, and (3) Exceptional foaming
Slide 18: Merit Ramping Sales
Merit Ramping Sales • Working with hundreds of CPG companies, including some of Benchtop Analyses & the world’s largest Application Testing • Opportunities from around the globe Taste-Testing Panels • Serving innovative applications in Consumer Trials • Dairy Alternatives Supply Agreement • Meat Alt
Slide 19: Burcon NutraScience
Burcon NutraScience
Slide 20: Tenured & Credentialed
Tenured & Credentialed • World-class team of highly specialized food scientists and chemical engineers • Over 230 years combined experience • Expertise in designing and developing disruptive protein extraction processes to create game-changing plant-based proteins • Intellectual property experts wit
Slide 21: Expanding IP Portfolio
Expanding IP Portfolio Issued Patents Patent Class Soy Canola Flax Pulses Hemp Other Total Patent Process 99 70 17 30 4 1 221 Portfolio Composition 16 37 1 54 Sept 2021 Application 13 10 23 73 Total 128 117 17 31 4 1 298 U.S. Issued Pending Patents 298 Patent Class Soy Canola Flax Pulses Hemp Other
Slide 22: Innovation Pipeline
Innovation Pipeline Canola • Methylcellulose replacement • Egg replacement applications • Medical nutrition applications Other sources • Pulses: Mung Bean / Faba Bean • Oilseeds: Hemp / Flax / Sunflower • Cereals: Oats / Buckwheat Joint Development Opportunities • across numerous agricultural crops
Slide 23: Growing List of Companies Focused on Plant-based Solutions
Growing List of Companies Focused on Plant-based Solutions Plant-based Meats Burcon’s game- changing functionality solves many of the Plant-based Milks formulation challenges and limitations posed by other plant-based proteins. Its best-in-class proteins can be utilized by any of the expanding list
Slide 24: Takeaways
Takeaways Burcon is a global technology leader in developing superior plant-based proteins for foods & beverages Plant-based eating is experiencing huge Better process. growth around the world. A true food revolution Better proteins. Burcon’s differentiated plant proteins are Better partners. on-poi
Slide 25: Let's Talk
Let’s Talk What would you like to know more about?