Burcon Nutrascience Corporation · TSX:BU
Burcon Nutrascience — Canaccord Genuity Conference 2022
20 slides from Burcon Nutrascience's conference presentation, Aug 10, 2022
Slide 1: A New World in Plant-based Protein
Burcon NutraScience A New World in Plant-based Protein Canaccord Genuity Conference • August 2022
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: Our Opportunity
Our Opportunity 3
Slide 4: Plant-based protein sales will reach $167 billion
Plant-based protein sales will reach $167 Alternative proteins to grow from to 1% 11% of the overall protein market by 2035. billion in 2035** From Mintel. “The Protein Report: Meat Alternatives Market Report.” via Cargill, May 2019 From BCG. “Food for Thought: The Protein Transformation,” March 202
Slide 5: Companies Focused on Offering Plant-based Alternatives
Companies Focused on Offering Plant-based Alternatives Plant-based Meats Target Customers: Burcon’s game- changing ingredients Plant-based Milks solve many of the formulation challenges and limitations posed by other plant-based proteins. Its best-in-class proteins can be utilized by any of the expa
Slide 6: Burcon NutraScience
Burcon NutraScience
Slide 7: Innovation Team
Innovation Team • 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 with over
Slide 8: Expanding IP Portfolio
Expanding IP Portfolio Patent Pending Issued Patents Portfolio Patents July 2022 Patent Class Soy Canola Flax Pulses Hemp Other Total Total 72 Process 118 71 17 48 5 3 262 130 U.S. Issued 330 Composition 17 33 1 51 27 Total Issued Application 7 10 17 20 178 Total Pending Total 142 114 17 49 5 3 330
Slide 9: 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 plan
Slide 10: 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 11: 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 Burcon’s plant-based proteins on par with the highest scoring animal-based proteins, including eggs and cow milk,
Slide 12: Innovation Pipeline
Innovation Pipeline Sunflower • High purity sunflower protein isolate • Exceptional taste and texture with off-white color, perfect for delicate flavors • Non-GMO, non-allergenic, clean label Other sources • Pulses: Mung Bean / Faba Bean • Oilseeds: Hemp / Flax • Cereals: Oats / Buckwheat Joint Deve
Slide 13: Burcon's First Joint Venture
Burcon’s First Joint Venture 13
Slide 14: Key JV Partners
Key JV Partners 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 protein sales • Burcon scientific and technical support provided under existing Services Agreement Bunge (NYSE: BG) invested in Q3’2
Slide 15: 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) • Ramping up production and sales of high-purity, highly-differentiated pea and canola proteins • Selling to major and minor CPG brands across US and Europe with consume
Slide 16: Merit Ramping Sales
Merit Ramping Sales • Working with hundreds of CPG companies, including some of the world’s largest Benchtop Analyses & • Opportunities from around the Application Testing globe Taste-Testing Panels • Serving innovative applications in Consumer Trials • Dairy Alternatives • Meat Alternatives Supply
Slide 17: 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 18: Game-Changing Functional Attributes
Game-Changing Functional Attributes Ready-to-Mix Powders Methylcellulose Replacement in Burger Burcon’s proteins on Merit’s platform provides Alternatives best-in-class functionality, including (1) High solubility (2) Exceptional binding / emulsification / gelling characteristics, and (3) Exceptiona
Slide 19: Takeaways
Takeaways Plant-based eating is experiencing huge growth - A true food revolution Better process. Burcon’s differentiated plant proteins are on- point, enabling CPG companies to develop Better proteins. innovative great-tasting products Better partners. Burcon’s technologies are being commercialized
Slide 20: Let's Talk
Let’s Talk What would you like to know more about?
Burcon NutraScience — Canaccord Genuity Conference 2022 on 6ix