Slide 1: Investor Presentation | April 25, 2023
Investor Presentation | April 25, 2023 Nasdaq: GRIL Confidential and Proprietary | Muscle Maker Inc. 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation includes "forward-looking statements." To the extent that the information presented in this presentation discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes
Slide 3: MMI Overview
MMI Overview MMI pivots towards a diversified global food organization In late 2022, MMI began a transformation from a U.S.-centric restaurant business into a global, food-focused organization with two distinct business units: Sadot LLC AGGIA SERVICES SADOT ▪ International agri-commodity company – t
Slide 4: Sadot / Aggia Agreement
Sadot / Aggia Agreement MMI signed a service and operations agreement with Aggia LLC FZ, November 18, 2022 ▪ Aggia can earn MMI common shares and nominate board seats by generating net income for MMI’s newly-formed subsidiary, Sadot LLC ▪ Aggia can earn up to 14,424,275 shares – premium price of $1.
Slide 5: Sadot / Aggia Agreement
Sadot / Aggia Agreement ▪ MMI formed Sadot LLC and engaged Aggia to perform day-to-day operations related to the purchase and sale of food and feed commodities ▪ Aggia has deep expertise in agri-commodity (food & feed) sourcing, trading, financing and managing logistics in global markets ▪ Benjamin
Slide 6: Sadot’s Business
Sadot’s Business ▪ Global trading and shipping of food and feed commodities via dry bulk cargo ships ▪ Market Size ▪ ~$1.5 trillion grain market with a CAGR of 9.5% CAGR (Source: The Business Research Company DEDICATED AGGIA SERVICE TEAM 2023) BENJAMIN PETEL ▪ Current Markets MANAGING MEMBER REPRESE
Slide 7: Sadot’s Mission
Sadot’s Mission Creating value through diversification Sadot seeks to diversify over time into a sustainable and forward-looking global agri-foods company ▪ Current Focus ▪ Agri-commodity shipping and trading (~2-3% margins) ▪ Future areas of opportunity with higher margins ▪ Logistics – global serv
Slide 8: Impact of Sadot to Date – Recap
Impact of Sadot to Date – Recap ▪ Q4 and Year-End 2022 Results (Announced March 21, 2023) ▪ Net income from Sadot was ~$4.5M, a 3% profit margin on revenues of ~$150.6M (45 days of operations) ▪ Excluding the impact of the non-cash stock-based consulting expense related to the share issuance, Q4’22
Slide 9: MMI Restaurant Group
MMI Restaurant Group Fast Casual Restaurants Subscription Meals 33 locations plus 45 franchise agreements 16 locations serving “Healthier for you” 34 consumer pickup locations for pre-made sold, serving poké bowls, burritos, salads options on everyday menu items and meal healthy meal prep with 175+
Slide 10: MMI Restaurant Group: Growth Opportunities
MMI Restaurant Group: Growth Opportunities Fast Casual Restaurant Market1 ▪ Emerging fresh and healthy menu 10.6% CAGR $209.1 B options gaining market share ▪ Emergence of delivery and pickup $125.6 B creates new growth opportunities ▪ Fragmented markets ripe for consolidation and vertical integrati
Slide 11: The Fresh Flavor of Hawaii
The Fresh Flavor of Hawaii ▪ Poké is a trending concept – addresses demands of Millennials and Gen Z for healthier food options ▪ Fully customizable bowls, salads, wraps plus boba tea ▪ 40+ items including ahi tuna, salmon, shrimp, tofu, etc. ▪ Poké market is wide open ▪ Fragmented market with multi
Slide 12: Muscle Maker Grill
Muscle Maker Grill Great Food With Your Health In Mind® ▪ Corporate owned & franchise model SALADS BOWLS ▪ Long-Term Revenue Streams – Up to 6% ongoing royalty (plus 1% additional marketing fee) paid on net sales ▪ Prepared Fresh – Made to order in full-service kitchen WRAPS BURGERS ▪ “Healthier for
Slide 13: Superfit Foods
Superfit Foods Pre-Made Fresh Meals by Subscription ▪ Weekly subscription for pickup or in-home delivery: ▪ Represents less than 7% of the 500+ gyms or lifestyle centers in Jacksonville ▪ Pickup is the differentiator compared to other meal prep companies – avoiding shipping charges (keeps average co
Slide 14: Executive Team
Executive Team Mike Roper Benjamin Petel Kevin Mohan CEO Managing Member Representative CIO & Board Chair Muscle Maker Inc. Sadot LLC Muscle Maker Inc. Prior to joining MMI as CEO in 2017, Mike served as CEO of Benjamin has served as Managing Member Representative of Sadot Kevin has served as a Dire
Slide 15: Board of Directors
Board of Directors Kevin Mohan Executive Chair Phil Balatsos Jeff Carl Malcolm Frost Paul Menchik A.B. Southall III Steve Spanos Independent Director Independent Director Independent Director Independent Director Independent Director Independent Director Hannah Oh Benjamin Petel Paul Sansom Ray Shan
Slide 16: Summary
Summary ▪ MMI is rapidly evolving into a global, well-diversified, food-focused company. ▪ Two distinct business units: ▪ Sadot LLC – an international agricultural commodity shipping and trading organization. ▪ MMI Restaurant Group – an operator and franchisor of 50+ healthier-for-you fast casual co
Slide 17: Contact
Contact Investor Relations Frank Pogubila Integrous Communications 951-946-5288 IR@musclemakergrill.com Confidential and Proprietary | Muscle Maker Inc. 17
Slide 18: Appendix
Appendix Confidential and Proprietary | Muscle Maker Inc. 18
Slide 19: Board of Directors – Bios
Board of Directors – Bios • Philp Balatsos – Independent Director • Na Yeon (“Hannah”) Oh – Independent Director • In 2018, Mr. Balatsos founded and has served as the owner operator of LAPH Hospitality which operates a café/catering business • Experienced agri-food business leader and certified sust
Slide 20: Market Opportunity
Market Opportunity Confidential and Proprietary | Muscle Maker Inc. 20
Slide 21: Global Trade Flows
Global Trade Flows Major trade market opportunities Sadot currently ships to/from the following markets: ▪ Canada ▪ Brazil ▪ Japan ▪ Philippines ▪ India ▪ Malaysia ▪ Poland ▪ Romania ▪ China ▪ Ukraine ▪ Viet Nam Southern Africa Sadot plans to enhance its North American (U.S. & Canada) sourcing capab