Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Investor Presentation (November 2023)
33 slides from Newtree Societe Anonyme's investor presentation, Nov 23, 2023
Slide 1: IMPACT Investing For ALL
IMPACT Investing For ALL November the 23rd2023 – Investors Presentation 1
Slide 2: Agenda
Agenda 1. MISSION ~ Our Mission 2. HIGHLIGHTS ~ Structure | Governance 3. MARKET ~ Update | Food-tech VC 4. PORTFOLIO ~ Current | 2023 5. FINANCE ~ NAV | Financials 2
Slide 3: Mission
als, NEwTREE Impact Mission
Slide 4: Our Mission
Our Mission To Empower Investors to Fight against Climate Change We Democratize the Impact Space by giving retail investors a Stake in the Game We Invest in Disruptive companies reshaping the future of our Food systems 4
Slide 5: Highlights
Na NEwTREE Impact Highlights
Slide 6: Team | Board. Growing Stronger
Team | Board. Growing Stronger Prof. Dr. Bruno Aymeric Marie New COLMANT STULEMEYER LEGON HIRE Independent Board Investment Market Analyst Analysts and New Member, BE Analyst Newtree Group Board members — Belgian academic, financier, — 2 years of reporting at — Experience as a consultant in — Shares
Slide 7: Structure. Governance
Structure. Governance Structural Pillars Diversified Portfolio Invested Capital Geographies €10.6m 3 areas 4.3 Main Office in 4.1 Brussels, BE 1.6 15 Members 0.8 0.8 Team including Europe USA Operations, IC, and July '20 Jan '21 Sep '21 Mar '22 Jan '23 the Board, From 4 Countries Capital Raised - €m
Slide 8: Market
Na NEwTREE Impact Market
Slide 9: Market. Update | USA VC
Market. Update | USA VC Median Deal Size ($M) $400 Median Valuation ($M) $35 $350 $30 $300 $25 $250 $20 $200 $15 $150 $10 $100 $5 $50 $0 $0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2015 2016 2017 2018 2019 2020 2021 2022 2023 Seed & Pre-Seed Early Stage VC Late Stage VC Growth Stage VC 9 ⎯
Slide 10: Market. Update | Food-Tech VC
Market. Update | Food-Tech VC Global Agri-Food Tech Investments ($Bn) European Agri-Food Tech Investments (€Bn) € 3.2 $12.3 $12.5 $11.6 € 2.9 $11.2 $10.4 € 2.6 $8.6 € 2.1 $6.9 $6.0 $6.1 $5.6 $5.3 $5.2 € 1.3 € 1.3 € 1.1 € 1.0 € 1.0 € 0.9 $3.1 $2.9 $3.1 € 0.8 € 0.8 € 0.7 € 0.7 € 0.4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 11: Market. Update | Geographies
Market. Update | Geographies In $Mn 200% 154% $15,000 150% ⎯ Since 2016, USA has primarily been the epi-center of 100% Agri-Food Tech investments with almost 48% of global $10,000 funding coming in 2021 . 39% 50% -2% ⎯ US has also seen the maximum impact of the downwind, -12% -10% -19% -21% 0% which
Slide 12: Market. Evolution | Can we be optimistic?
Market. Evolution | Can we be optimistic? ▪ VC is not yet out of the Woods & startup learn money doesn’t grow on Trees ▪ The industry has evolved in silos 1. 2. 3. ⎯ Unrealistic Valuation ⎯ Wars/Covid-19 Inflation ⎯ More Realistic Valuation ⎯ Hype ⎯ Interest rates Monetary Policies ⎯ Unavailable Cap
Slide 13: Portfolio
Na NEwTREE Impact Portfolio
Slide 14: Portfolio. 2021 | Detailed in previous meeting
Portfolio. 2021 | Detailed in previous meeting Aqua Spark ~ NL Newtree SA ~ BE Proteon ~ PL Protix ~ NL Funds ~ US & EU – Global aquaculture – Sustainable chocolate – Precision biology for – Production of insect- – Plant-based, dairy, food- investment holding & coffee company microbiome protection b
Slide 15: Portfolio. 2022 | Detailed in previous meeting
Portfolio. 2022 | Detailed in previous meeting Fund 3 Atomo Coffee ~ US Cubiq Foods ~ ES EvodiaBio ~ DK Algama Foods ~ FR AG Fund ~ US – Developing coffee – Plant-based oil & fat – Metabolic engineering – Algae-based – Agri-Food tech fund for without coffee beans. replacers. to produce high-value in
Slide 16: Portfolio. 2023 | New & Follow-ons
Portfolio. 2023 | New & Follow-ons Fable Foods ~ AU Heura Foods ~ ES CropX Inc. ~ IS New School Foods ~ CA Newtree and Proteon – Braised alternative – Mediterranean Plant- – Ag-analytics farm – Plant-based whole-cut – Reinforcing Newtree meat products from based meat. management solution. Meat & Sea
Slide 17: Heura Foods
Heura Foods Mediterranean Plant-based meat 17
Slide 18: Heura Foods
Heura Foods Mediterranean Plant-based meat Mission & Vision Our investment - €1,500,000 Heura Foods founded in 2017, in Barcelona, the heart of the Mediterranean. It was created as a social mission-turned-business which would empower people to change the current food system to a more — Country Spain
Slide 19: CropX Inc.
CropX Inc. Agribusiness Farm Management Solution 19
Slide 20: CropX Inc.
CropX Inc. Agribusiness Farm Management Solution Mission & Vision Our investment - €763,818 CropX Technologies is one of the fastest growing providers of agribusiness farm management solutions in the world, deployed in over 60 countries and across all the arable continents. An ag-analytics company,
Slide 21: New School Foods
New School Foods Plant-based Whole cut Meat & Seafood 21
Slide 22: New School Foods
New School Foods Plant-based Whole-cut Meat & Seafood Mission & Vision Our investment - €273,747 New School Foods, founded in 2020 by the experienced entrepreneur Chris Bryson, the Canadian startup creates plant-based seafood with the same texture, flavor, nutritional benefits, and cooking experienc
Slide 23: Finance > Balance Sheet & NAV
Finance > Balance Sheet & NAV 23
Slide 24: Portfolio. Q3/2023 | Balanced & Diversified
Confidential - Page |24 Portfolio. Q3/2023 | Balanced & Diversified FUNDS 1 : 689,632 € --- ATOMO COFFEE 2 : 338,679 € 314,441 € --- 11% --- 15% 3 : 165,722 € CUBIQ FOODS 500,000 € 30% 29% --- ALGAMA FOODS 1,000,500 € Current --- Board’s Target €10.6m - Invested EVODIABIO 702,664 € --- 40% 60% FABLE
Slide 25: NAV. As of Q3 23
NAV. As of Q3 23 Investment Stage Committed Invested Proteon Pharmaceuticals Series B - 600,275 € Protix - 299,879 € Aqua-Spark Holding - 1,200,000 € Food-tech Fund - EU Funds 500,000 € 338,679 € Alt-protein Fund - US Funds 1,000,000 € 689,632 € Newtree Group Spin-Off - 2,000,000 € Ag-tech Fund - US
Slide 26: Portfolio. Food-tech | Upcycling
Portfolio. Food-tech | Upcycling Total Invested in 2023 €2.1Mn 74% Total Invested Amount €7.9Mn Share of Net Asset Value 71% 2023 Highlights ⎯ Protix. Two-fold strategic partnership with Tyson Foods including a minority stake and a JV for insect ingredient facilities in the US. ⎯ Atomo Coffee. The c
Slide 27: Portfolio. Ag-tech
Portfolio. Ag-tech Total Invested in 2023 €0.9Mn 26% Total Invested Amount €2.7Mn Share of Nat Asset Value 29% 2023 Highlights ⎯ Proteon. Participated in the SAFE round by the company with a ticket of €100K, maintaining our stake of ~0.75%.. ⎯ Aqua-Spark. Our NAV in the company increased substantial
Slide 28: Q3 Balance Sheet. As of Q3 23, Belgian GAAP, €k
Q3 Balance Sheet. As of Q3 23, Belgian GAAP, €k ASSETS LIABILITIES Cash 1,829 Payables 16 Inventories 0 Short-Term 0 Receivables 10 Others 4 Others 0 Total Current 1,839 Total Current 20 Our balance sheet is Simple: ⎯ Equity €13.1m Long-Term 0 Non-Current 0 ⎯ Cash €1.8m ⎯ Investments €10,6m Investme
Slide 29: Q3 Income. As of Q3 '23, Belgian GAAP, €k
Q3 Income. As of Q3 ‘23, Belgian GAAP, €k REVENUES Others 4 Total Revenues 4 Gross Profit 4 OPERATING EXPENSES Office Rent/Supplies -16 Salaries -158 Other Expenses -60 ⎯ Very strict control of general costs and salaries Listing Fees -12 Total -246 ⎯ Total OPEX at 1.58% of balance sheet total Operat
Slide 30: Next Steps
Next Steps 30
Slide 31: Thank you
Thank you Benoît de Bruyn, Founder & CEO + 32 476 750 337 benoit@newtreeimpact.com www.newtreeimpact.com 31
Slide 32: Summary. Terms & Structure
Summary. Terms & Structure — Investment in Disruptive Food-Tech companies providing solutions to fight Climate Change — Approach Series A, Opportunistic Late Stage, Equity Listed and Funds — ESG positioning Impact Investor — Geographic focus Europe, United States and Israel — Investment horizon Hold
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