Cibus, Inc. · NASDAQ:CBUS
Cibus — Investor Presentation (June 2023)
26 slides from Cibus's investor presentation, Jun 14, 2023
Slide 1: Leading the Future of Breeding
Exhibit 99.1 Leading the Future of Breeding™ J u n e 2 0 2 3
Slide 2: Key Takeaways
Key Takeaways Cibus is a Pure-Play Trait Development Business Revolutionizing the Trait Royalty Industry Cibus’ Trait Machine is the Future of Traits: A Large Attractive Royalty Market Gene Edited Trait Development - Critical to the Agriculture Industry Near Term Royalty Patents & Patent Current Mar
Slide 3: Key Management
Key Management Rory Riggs Greg Gocal, PhD Peter Beetham, PhD COO, PRESIDENT CEO, CHAIRMAN EVP, CHIEF SCIENTIFIC CO-FOUNDER CO-FOUNDER OFFICER, CO-FOUNDER Noel Sauer, PhD Wade King, MD Travis Frey, PHD CHIEF FINANCIAL SVP, HEAD OF R&D EVP, SUSTAINABLE OFFICER INGREDIENTS, STRATEGY, 3 3 3
Slide 4: Breeding is How Seed Co's Develop Traits
Breeding is How Seed Co’s Develop Traits The Seed Industry: Productivity Traits are the Primary Basis for Competition. Seed Co’s Charge Productivity Trait Fees for Productivity Gains from Traits. Conventional Trait Development (Breeding!) has Severe Scale & Speed Limitations 4
Slide 5: Cibus' Trait Machine Changes the Game
Cibus’ Trait Machine Changes the Game Standardized End-to-End Semi-Automated Gene Edited Trait Production Facility Trait Development in a Fraction of the Time and Cost of Conventional Breeding “Nature Identical” Traits Non-GMO Traits that are Cibus conventional breeding like. Bio-Mfg. Standards Phar
Slide 6: Trait Machine is a Step Change in Trait Development
Trait Machine is a Step Change in Trait Development Transforms: 1) Trait Development, and 2) Trait Commercialization! 1– Prototyping Runs: Accelerates Proof of Concept, Development. 2– Production Runs: Accelerates Speed to Market, Commercialization. Once a trait is developed, Trait Machine directly
Slide 7: The New Face of Trait Development
The New Face of Trait Development Timebound, Reproducible and Predictable Trait Development Process Each Successive Stage Materially Increases the Probability of Next Stage and Successful Field Validation 7
Slide 8: Addresses the Pressing Need From Climate Change
Addresses the Pressing Need From Climate Change Billions of Acres being hit by Changing Diseases, Pests & Resources Desperate Need for Change in the Time Required and Scale of Trait Development Gene Editing is Virtually the Only Tool that Can Address Climate Challenges at Scale 8
Slide 9: Climate Need is Driving Regulatory Change
Climate Need is Driving Regulatory Change Global Push: Regulate Gene Editing Like Conventional Breeding New Gene Editing Regulations in Place Positive Policy Processes Underway Positive Policy Discussions Note: Cibus traits are developed without integrating foreign DNA in the process or product. in
Slide 10: The Market Opportunity
The Market Opportunity The Business, Product and Economic Opportunity of Plant Traits
Slide 11: Productivity Traits are a Royalty Business
Productivity Traits are a Royalty Business Royalties are Paid for Traits that Make Farmers Money - Improved Yields, Increased Productivity, and/or Lower Costs (Chemicals!) Trait Economics 1) Total Crop Acres 1) Crop Market (Acres) 2) Accessible Acres 2) Accessible Acres 3) Trait Fees/Royalties 3) Tr
Slide 12: Example: The "Bt" Trait
Example: The “Bt” Trait Trait: A “Bt” Protein that is Engineered into a Plant to make it Toxic to Plant specific pests. Economics: Bt Trait Increases productivity by killing pests, decreasing pesticide use & increasing yields. Crop Trait Fee (per acre) Pest Note: See slide 25 for term definitions, d
Slide 13: Business Model: Traditional Trait Distribution Model
Business Model: Traditional Trait Distribution Model: Traits Distributed in Seeds by Seed Co’s Seed Co’s Pay Trait Royalties based on Trait Fees Paid by Farmer TURN TO WHO TURN TO Farmers Seed Companies Trait Developers Challenged by the impacts of Environment & Climate change Seed Co’s sell Farmer
Slide 14: Cibus' Initial Crops
Cibus’ Initial Crops Cibus’ Initial Business Model is 3 Crops: Canola, Rice & Soybean Canola Rice Soybean MM MM MM MarkSoybean et Market Market 10 ACRES 28 188 ACRES ACRES Lead Customer: Nuseed Lead Customer: Nutrien Lead Customer: GDM Traits Royalties ~$5-$15 Traits Royalties Traits Royalties ~$5-$
Slide 15: Cibus' Initial Productivity Traits
Cibus’ Initial Productivity Traits Cibus’ Initial Business Model is 6 Traits (in 3 Crops: Canola, Rice & Soybean) Crop Market Acres (MM) (Est. total crop acres in specific geographies.) Accessible Acres (MM) Canola, Rice, Soybean (Est. acres where the specific trait is needed.) ~250 MM Acres Develop
Slide 16: Cibus' Target Crops Include Corn & Wheat
Cibus’ Target Crops Include Corn & Wheat Cibus’ Target is the 5 Major Crops: Adding Corn & Wheat to Canola, Rice & Soybean $4.25 Billion Canola, Rice, Soybean, Wheat & Corn > 500 MM Est. Trait Acres Royalty Mkt. (All 5 Crops) Nutrient Use Efficiency Note: See slide 25 for term definitions, data sour
Slide 17: Lead Trait: PSR: Pod Shatter Reduction - Canola/WOSR
st Lead 1 Trait: PSR: Pod Shatter Reduction - Canola/WOSR Trait Fees Acres (est.): ~26 MM, Trait Royalty Market (est.): ~$200 MM Reducing Pod Shatter Strong Commercial Progress: Sclerotinia Increases Oil Seed Yield Developed & Shipping POD Shatter Reduction Resistance . Strengthens Sheath that Initi
Slide 18: Our Blockbuster Trait: Sclerotinia White Mold Resistance
st Our 1 Blockbuster Trait Sclerotinia White Mold Resistance - Canola, Soybean Trait Royalty Market (est.): ~$650 MM Canola/ Soybean Sclerotinia Resistance WOSR Stage of Development Increases Yields, Sclerotinia Resistance Reduces Fungicide use Molecular Discovery Yes Yes Builds internal defenses to
Slide 19: Initial Crop: Canola
Initial Crop: Canola Four of the Initial Six Traits will Be Traits Launched In Canola st Canola is Cibus’ 1 Operational Crop Platform, Royalty Potential - Initial Traits > $900 MM Cibus Trait Royalty Trait Royalty Initial Traits Market (est.) Accessible Acres (est.) (est. per acre) ~$200 MM Pod Shat
Slide 20: Initial Crop: Rice
Initial Crop: Rice Three of the Initial Six Traits will be launched in Rice nd Rice is Cibus’ 2 Operational Crop Platform, Royalty Potential - Initial Traits ~120 MM Cibus Trait Royalty Trait Royalty Initial Traits Market (est.) Accessible Acres (est.) (est. per acre) HT1, HT3 ~$100 MM 4 MM $10-$30
Slide 21: Initial Crop: Soybean
Initial Crop: Soybean Two of the Initial Six Traits will be launched in Soybean nd Soybean Expected to be Cibus’ 3 Operational Crop Platform, Royalty Potential - Initial Traits ~$800 MM Cibus Trait Royalty Trait Royalty Initial Traits Market (est.) Accessible Acres (est.) (est. per acre) ~$385 MM Sc
Slide 22: Sustainable Ingredients
Sustainable Ingredients Addresses Global Drive to Transition Ingredients to meet Corporate Sustainability Objectives P&G Collaboration: A Model for Co’s with Climate 2040 Sustainability Goals Proctor & Gamble In Q1-2023, Cibus and P&G entered into a collaboration to develop sustainable low carbon in
Slide 23: Future: Core Multi-Crop Productivity Traits
Future: “Core” Multi-Crop Productivity Traits Traits that Address > 100 MM Acres with Trait Royalties of $5 to $15 per acre Blockbusters are Traits that Address Agricultural Sustainability at Scale Target Areas Resistance Traits Efficiency Traits Sustainable Ingredients CLIMATE CHANGE PLANT OUTPUTS
Slide 24: 2023 Highlights & Key Milestones
2023 Highlights & Key Milestones Trait Royalty Market in Canola, Rice and Soybean for PSR, Sclerotinia, H1, HT2 & HT3 is: ~$1.5 Billion In Canola/WOSR alone, the Trait Royalty Market for PSR, HT2 and Sclerotinia is: ~$700 Million Trait Products Soybean Canola - Shipments: Six PSR Trait Transfers - C
Slide 25: Disclaimer
Disclaimer Securities Law Matters Trade names, trademarks and service marks of other companies that appear are the property This presentation has been prepared by Cibus Global, LLC (the Company ), and the Company of their respective holders and do not imply a relationship with, or endorsement or is
Slide 26: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking statements” within the meaning of applicable securities laws, including The Private Securities Litigation Reform Act of 1995. All statements, other than statements of present or historical fact included herein, including statemen