Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Shareholder Meeting (June 2024)
32 slides from Newtree Societe Anonyme's shareholder meeting presentation, Jun 4, 2024
Slide 1: Impact Investing for all.
Impact Investing for all. June the 4th 2024 – Ordinary General Meeting 1
Slide 2: Agenda.
Agenda. 1. MARKET ~ Agri-Food Tech VC | Portfolio Evolution 2. FINANCE ~ NAV | Financials 3. CAPITAL INCREASES ~ Private Placement Q1 | Crowdlisting 4. OTHERS ~ Mission, Governance and Impact Report 2
Slide 3: Market
Na NEwTREE Impact Market
Slide 4: Market Update | Agri Food-Tech VC
Market. Update | Agri 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 € 1.3 $4.3 € 1.0 € 1.0 € 1.1 € 1.0 $3.7 $3.7 € 0.9 $3.2 $2.9 € 0.8 € 0.8 € 0.7 € 0
Slide 5: VC Update. Positive Impact on Investments
VC Update. Positive Impact on Investments Most investor-friendly market environment Prices have come down & Limited access to capital ⎯ Elevated Inflation ⎯ Rising Interest Rates ⎯ Geopolitical Fears ⎯ Supply Chain Challenges ⎯ Financial Market Instability ⎯ Economic Confidence Inside bridge rounds,
Slide 6: Hype Cycle Curve. Trends & Maturity
Hype Cycle Curve. Trends & Maturity • Sustainable Proteins Biomass Fermentation • Resilient Farms Precision Fermentation • Personalized Foods How much people are talking about it Cellular Agriculture Insects for Future Crops animal feed HYPE Precision Farming Plant-based Alternatives Molecular Farmi
Slide 7: N3I. Since Inception
N3I. Since Inception We’re directly invested in 17 companies And indirectly in 90+ companies! 7
Slide 8: Investments. Evolution over the years
Investments. Evolution over the years 2020 2021 2022 2023 2024 €800K €3.7M €3.7M €3.1M €2.9M − Inception of N3I − Food-tech Funds − Cubiq Foods − CropX − Clay Capital − Aquaspark − Proteon − Atomo Coffee − Heura Foods − Undisclosed startup − Protix − Algama Foods − New School Foods − Multiple Follow
Slide 9: Portfolio. Overview (1/2)
Portfolio. Overview (1/2) Subsidiary Series A Jul-21 Apr-22 Jun-22 Dec-22 Jan-23 Dec-22 Dec-22 – Sustainable – Technological – Coffee developer – Produce high-value – Algae-based – Produce plant- – Produce plant- chocolate & coffee platform to produce using upcycled & isoprenoids. functional based p
Slide 10: Portfolio. Overview (2/2)
Portfolio. Overview (2/2) Series B – D / Growth Funds F1-2 F3 F4 Dec-21 Aug-21 Apr-22 May-23 Sep-23 Jul-21 Mar-21 Mar-24 – Global aquaculture – Precision biology for – Production of – Produce plant- – Provider of – VC funds for – VC fund investing in – VC fund investing in investment holding microbi
Slide 11: Outlook Q2-Q3. Discussions in progress
Outlook Q2-Q3. Discussions in progress Follow-On Alternative Egg Upcycled Flavour Alternative Cheese Shelf life Extend Heura. Secondaries €250k Alternative egg solution Flavor solutions from upcycled Precision Fermentation based Ag-Biotech company EvodiaBio. Extension <A €257k manufacturer with the
Slide 12: Finance > Balance Sheet & NAV
Finance > Balance Sheet & NAV 12
Slide 13: NAV Evolution
NAV Evolution 20,000,000 € 2.5 € 2.28 € 18,000,000 € 2.15 € 16,000,000 € 2.0 € 1.90 € 14,000,000 € 1.57 € 12,000,000 € 1.5 € 10,000,000 € 8,000,000 € 1.0 € 6,000,000 € 4,000,000 € 0.5 € 2,000,000 € 0€ 0.0 € 13 Dec 2021 Dec 2022 Dec 2023 Mar 2024 BOOK VALUE NAV NAV/Share
Slide 14: NAV Per Sector. As of Q1 2024
NAV Per Sector. As of Q1 2024 NAV Q4- NAV Q1- Sectors BV Q1-24(k€) Growth (k€) Growth (%) % Invest Contrib NAV 23(k€) 24(k€) Agri-Tech 2,520 1,964 2,538 574 29% 15% 17% Food-Tech 8,420 8,117 9,381 1,264 16% 63% 64% Funds 1,281 2,730 2,741 11 0.4% 21% 19% Total 12,221 12,811 14,660 1,849 14% 100% 100
Slide 15: Financial Highlight. As of Q1 2024
Financial Highlight*. As of Q1 2024 7/17 2 companies Investments MOIC* of 1.14 likely to go on positively IPO revalued 2-3 funds will 2 companies MOIC on Aqua- start to potentially Spark at 1.5 & distribute by acquired by Heura** 1.3 2026/7 2026/7 MOIC * = Multiple On Invested Capital - Prospective
Slide 16: Q4 Balance Sheet. As of 31/12/2023
Q4 Balance Sheet. As of 31/12/2023, Belgian GAAP, €k ASSETS LIABILITIES Cash 1,628 Payables 17 Inventories 0 Short-Term 0 Receivables 30 Others 6 Others 7 Our balance sheet is Simple: Total Current 1,665 Total Current 23 ⎯ Equity €13.1m Long-Term 0 ⎯ Cash €1.6m Non-Current 0 ⎯ Investments €10,7m Inv
Slide 17: Q4 Income. As of 31/12/23
Q4 Income. As of 31/12/ 23, Belgian GAAP, €k REVENUES Others 7 Total Revenues 7 Gross Profit 7 OPERATING EXPENSES In €M 2021 2022 2023 Office Rent/Supplies -24 OPEX 0,04 0,18 0,29 Salaries -228 Other Expenses -88 NAV 4,6 8,9 13,9 Listing Fees -12 Total -352 Fees 0.8% 2.1% 2.1% Average = 1.67% Operat
Slide 18: Q1 Balance Sheet. As of Q1 2024
Q1 Balance Sheet. As of Q1 2024, Belgian GAAP, €k ASSETS LIABILITIES Cash 4,199 Payables 23 Inventories 0 Short-Term 0 Receivables 36 Others 8 Others 0 Total Current 4,235 Total Current 31 Our balance sheet is Simple: Long-Term 0 ⎯ Equity €17.9m Non-Current 0 ⎯ Cash €4.2m Investments 12,811 EQUITY ⎯
Slide 19: Q1 Income. As of Q1 2024
Q1 Income. As of Q1 2024, Belgian GAAP, €k REVENUES Others 1 Total Revenues 1 Gross Profit 1 OPERATING EXPENSES Office Rent/Supplies -6 Gross Cash (€M) Commitments Net Cash Salaries -60 Other Expenses -24 4,2 2,3 1,9 Listing Fees -9 Total -99 To date, we have carried out two capital increases. Opera
Slide 20: Capital Increases
als, NEwTREE Impact Capital Increases
Slide 21: Previous Capital Raises. Amount raised so far
Previous Capital Raises. Amount raised so far > €17.6*M 7,000,000 € 6,000,000 € 5,000,000 € 4,000,000 € 3,000,000 € 2,000,000 € 1,000,000 € 21 -€ Dec 2020 Dec 2021 Dec 2022 Dec 2023 Q2 2024 Open for Public Offering *Taking into account € 1.2M already raised in crowfunding
Slide 22: Private Placement. Q1 2024
Private Placement. Q1 2024 €1.4 M €3.4 M CONTRIBUTION IN KIND CONTRIBUTION IN CASH − 481,714 shares in Clay Capital. − Our shares were issued at the price of €2.62 per share − Clay Capital focuses on investing in disruptive for Whitestone, followed by 9 of our historical technologies globally, with
Slide 23: Our Mission.
Our Mission. The company's mission is to make impact investing accessible to everyone, allowing those who choose to become shareholders to contribute to preserving the planet by reducing the impact of food on climate and biodiversity. Extract of our bylaws ARTICLE 4 – MISSION 23
Slide 24: Crowdlisting. Q2 2024
Crowdlisting. Q2 2024 SPREDS 244 From €1450 ECCO NOVA participants Realization €1.2M of our mission So Far 24
Slide 25: Others
als NEwTREE Impact Others
Slide 26: Governance. A new mission committee
Governance. A new mission committee Mission Committee Board of Directors Investment Committee Monitoring our Mission Whitestone Group Investment decisions Frédéric POUCHAIN New President Bruno COLMANT 26
Slide 27: Impact Report.
Impact Report. nvewraet Impact
Slide 28: Annual Meeting > Proposed Resolutions
Annual Meeting > Proposed Resolutions 28 28
Slide 29: Resolutions
Resolutions 1. Annual Accounts ~ Approval 2. Annual Accounts ~ Appropriation of the Company’s Result 3. Directors ~ Discharge to the Directors 4. Directors ~ Nomination and Renewal of Director’s Mandates 5. Conclusion ~ Closing Remarks 29
Slide 30: 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
Slide 31: Thank you
Thank you www.newtreeimpact.com info@newtreeimpact.com 31
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