Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Investor Presentation (November 2024)
40 slides from Newtree Societe Anonyme's investor presentation, Nov 21, 2024
Slide 1: Investors Presentation
Investors Presentation November the 21st2024 1
Slide 2: Agenda
Agenda 1. MISSION ~ Our DNA | Refresh one’s memory 2. MARKET ~ Food-Tech – Ag-tech | Update & Perspectives 3. HIGHLIGHTS 2024 ~ Capital Increase | Structure | Team 4. PORTFOLIO ~ New | Follows-on | Discussions 5. FINANCIALS ~ NAV | Financials 6. WHAT’S NEXT ~ Fundraising | Outlook 2
Slide 3: Mission
als, NEwTREe Impact Mission
Slide 4: Our Mission
Our Mission Empower Investors to Fight against Climate Change By backing the next generation of Unicorns Reshaping our Food System 4
Slide 5: Our DNA. Reminder
Our DNA. Reminder Vision Mission Investment Strategy Environmental impact & Invest in companies Minority stakes in sectorial funds Financial returns revolutionizing the food chain and startups from Seed to Growth Sustainable nutrition without Fight climate change and protect Strong IP, scalability,
Slide 6: Climate | Policies
als, NEwTREe Impact Climate | Policies
Slide 7: Situation. Climate
Situation. Climate Global temperature change (1850-2024) HadCRUTS.0 @ed_hawkins Baseline: 1850-1900 HC H1.0°C 405°C oc * Provis 2024 on track to be warmest year and first year above 1.5°C Annual global temperature anomalies relative to pre-industrial (1850-1900) Data: ERAS (1940-2024) + Cre 3S/ECMWF
Slide 8: Situation. Climate & Politics
Situation. Climate & Politics Climate Facts Political Efforts ― UN says that the 1.5C target is still “technically possible”, 1. Corporate Sustainability Reporting Directive (CSRD) but only with huge cuts to emissions starting now. ― EU directive requires all large companies and listed companies to
Slide 9: Market
Na NEwTREe Impact Market
Slide 10: Market. Update | Food-Tech VC
Market. Update | Food-Tech VC Global Agri-Food Tech Investments ($Bn) European Agri-Food Tech Investments (€Bn) 12.3 12.5 3.5 11.7 11.2 3.2 10.4 2.6 8.6 2.4 6.9 6.0 6.1 5.6 5.3 5.2 1.5 1.5 1.4 1.3 4.2 1.2 1.2 3.7 3.7 3.6 1.1 3.2 3.2 1.0 1.0 1.0 1.0 2.9 3.1 0.9 0.9 0.9 0.7 0.4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Slide 11: Market. Update | USA VC
Market. Update | USA VC Average VC pre-money valuation dispersion (in $Mn)1 VC Round Multiples - EV/Revenue2 400 200x 180x 350 160x 300 140x 250 120x 200 100x 80x 150 60x 100 31x 35x 40x 28x 28x 23x 19x 50 20x 0 0x 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Seed Series A Series B Series
Slide 12: Market. VC and Agri-Food Outlook 2025
Market. VC and Agri-Food Outlook 2025 ― Cautious optimism in 2025 ― Proposed corporate tax cuts may stimulate VC activity. ― Risks on higher tariffs on imports (China & Mexico), pressure on startups, and inflation ― Adapting to higher IR & tighter monetary policies ― Focus sectors: Clean tech, AI, a
Slide 13: Highlights H1 2024
NA NEwTREe Impact Highlights Ha 2024
Slide 14: N3I. Since Inception
N3I. Since Inception We’re directly invested in 19 companies1, Stages Sectors Capital Invested % Capital Invested % in 13 countries 19% 20% 31% As of As of 30.09.24 30.09.24 76% 49% 80% 13% 10% Funds Food-Tech 2 Series-A/(Seed) Agri-Tech Growth/Series-B/Pre-IPO 2% 14 1 Two have not been disclosed ye
Slide 15: Capital Raises. H1 2024 | We walk the Talk
Capital Raises. H1 2024 | We walk the Talk €4.8 M PRIVATE PLACEMENT Millions Raised € 8 ― €1.4M for 481,714 shares in Clay Capital Capitalization post, € 26 M 7 ― € 3.4M in cash ― Issue price of €2.62 per share - 10 investors 6 5 › EGM > UNANIMOUS VOTE › MISSION 4 › WE WALK THE TALK 3 €2 M CROWDLIST
Slide 16: Structure. Governance
Structure. Governance → No shareholder agreement Shareholders → All rights managed by bylaws → Frequent communication with shareholders Elect Auditors, BDO Board of Directors Delegates Mission Committee Investment President, Reports Committee Bruno Colmant Conclusions Nominates 16 CEO, Benoît de Bru
Slide 17: Mission Committee. Our Impact ThinkTank
Mission Committee. Our Impact ThinkTank Mathilde Do Chi Valentine Papeians Nathalie Peeters Hugues de Meulemeester Regulatory Expert Corporate Leader Investor Relations Environmental Expert M M M M Experience ✓ Legal advisor with comprehensive ✓ Corporate professional with strong ✓ 7+ years of exper
Slide 18: Portfolio
als, NEwTREe Impact Portfolio
Slide 19: Portfolio. Q3-Q4 2024 | New & Follow-ons
Portfolio. Q3-Q4 2024 | New & Follow-ons Newtree and Proteon Onego Bio ~ FI Yeastup ~ CH Follow-On Investments – Complete egg protein – Alternative Protein & Confirmed solution by precision Fiber ingredients from CropX - Series C extension $300K fermentation. Brewer’s spent yeast. Potentially – Best
Slide 20: CropX Follow-Ons. Q3-Q4 2024
Follow-Ons. Q3-Q4 2024 Overview Progress 2023-2024 Introduction: Founded in 2014, CropX Technologies is one of the fastest growing providers of 1. Acquired Green Brain (Q4 2023) and EngeniousAg (Q3 CropX agribusiness farm management solutions in the world, deployed in over sixty countries and 2024).
Slide 21: Outlook Q4-Q1. Discussions in Progress
Outlook Q4-Q1. Discussions in Progress Biodiversity Dairy alt-protein Robotics & Herbicide Funds ― Innovative solution for ― Precision fermentation — Ag-tech machinery — Analyzing various Measuring, Reporting alternative. solution funds to diversify our and Verification (MRV) ― Molecular farming — F
Slide 22: Onego Bio
Onego Bio Egg Protein by Precision fermentation 22
Slide 23: 23
23
Slide 24: Onego Bio
Onego Bio Egg Protein by Precision fermentation Mission & Vision Onego Bio was founded in 2022 as a result of a spinoff from VTT Technical Research Centre of Finland Our investment - €750k (one of Europe’s leading research institutions owned by Finnish State). Onego Bio is a biotech food company tha
Slide 25: Yeastup
Yeastup Alternative Protein/Fiber from Brewer’s Spent Yeast (BSY) 25
Slide 26: 26
26
Slide 27: Yeastup
Yeastup Alternative Protein/Fiber ingredients from BSY Mission & Vision Yeastup, founded in 2020, is a Biotechnology company with aim to unlock the potential of Brewer’s Spent Our investment - €634k yeast for the next generation of Food ingredients. Yeastup have invented an innovative, patented, and
Slide 28: Finance > Balance Sheet & NAV
Finance > Balance Sheet & NAV 28
Slide 29: NAV Evolution
NAV Evolution. 25 2.5 € Millions € 2.25 € 2.15 € 20 2.0 € 1.90 € 1.57 € 15 1.5 € 10 1.0 € 5 0.5 € 29 0 0.0 € Dec 2021 Dec 2022 Dec 2023 Q3 2024 Book Value NAV NAV/Share
Slide 30: NAV Per Sector. As of Q3 2024
NAV Per Sector. As of Q3 2024 NAV BV NAV GROWTH GROWTH INVEST NAV Sectors Q4-23(k€) Q3-24(k€) Q3-24(k€) K€ % % Contribution Agri-Tech 2,520 1,964 2,555 35 2% 13% 16% Food-Tech 8,401 9,905 10,952 2,532 30% 68% 69% Funds 1,281 2,791 2,462 1,181 92% 19% 15% Total 12,202 14,660 15,969 3,748 31% 100% 100
Slide 31: Financial Highlight. As of Q3 2024
Financial Highlight*. As of Q3 2024 6/18 2 companies MOIC* Investments likely to go on 1.1 positively IPO revalued 2-3 funds will 2 companies 2.25€ start to potentially Per Share distribute acquired by within 4Y 2026/7 MOIC * = Multiple On Invested Capital - Prospective information is theoretical an
Slide 32: Balance Sheet. As of Q3 2024, Belgian GAAP, €k
Balance Sheet. As of Q3 2024, Belgian GAAP, €k ASSETS LIABILITIES Cash 4,078 Payables 27 Inventories 0 Short-Term 0 Receivables 42 Others 21 Others 0 Total Current 4,120 Total Current 48 Our balance sheet is Simple: Long-Term 0 ⎯ Equity €18.9m Non-Current 0 ⎯ Cash €4.1m Investments * 14,660 EQUITY ⎯
Slide 33: Income. As of Q3 2024, Belgian GAAP, €k
Income. As of Q3 2024, Belgian GAAP, €k REVENUES Others Total Revenues 4 Gross Profit 4 OPERATING EXPENSES Office Rent/Supplies -20 Salaries -224 Other Expenses -80 Listing Fees -8 Total -333 Operating Profit -329 Amortization/Depreciation -32 OPERATING INCOME Interest Income 66 Interest Expenses -3
Slide 34: Next Steps
Next Steps 34
Slide 35: Next. Short Term plan to Raise €15M
Next. Short Term plan to Raise €15M We will double size in 12 months →40M With 'strategic’ investors – Private | Corporate | Institutional | F-O 35M 1.6M 4.2M 30M €15M 25M 20M 1.1M 0.9M 2.0M 15M 5.2M 28.9M 10M 16.7M 13.6M 5M 35 0M June 2024 Dec 2024 Dec 2025 Invested Cash OPEX
Slide 36: We Need. Your Support
We Need. Your Support 36
Slide 37: Menu. Degustation
Menu. Degustation Hot Dog Heura Cornichon, Oignons Frits et Moutarde maison Poke Heura Bao pulled fable Crudités Brochette de "poulet Heura" Marinée au miso, gingembre et citron vert ~ Evodia Bio Non-alcoholic beers Crémant Blanc du Château de Bioul 37
Slide 38: Thank you
Thank you Investors contact: Benoît de Bruyn – Founder & CEO : + 32 476 750 337, benoit@newtreeimpact.com Nathalie Peeters – Investor Relations Manager : nathalie@newtreeimpact.com www.newtreeimpact.com 38
Slide 39: 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 40: 40
40 40
Newtree Impact — Investor Presentation (November 2024) on 6ix