Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Shareholder Meeting (June 2025)
40 slides from Newtree Societe Anonyme's shareholder meeting presentation, Jun 3, 2025
Slide 1: Ordinary General Meeting
Ordinary General Meeting June the 3rd 2025 1
Slide 2: Agenda
AGENDA 1. Highlights FY2024 ~ General |Team | Financials 2. Market Outlook ~ Agri-Food Tech Investments 3. Investments ~ Since Inception | Over the years 4. Financials ~ NAV | Capital Structure| Financial Statements 2024 5. 2025 Outlook ~ Recent News | Capital Increase 6. Mission Committee ~ Prelimi
Slide 3: Article 4 Newtree Impact By-Laws: company mission
A R T I C L E 4 N E W T R E E I M PA C T B Y - L A W S « 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 » 3
Slide 4: 1. Highlights FY2024
1. Highlights FY2024 4
Slide 5: Highlights FY2024
Highlights FY2024 Market Outlook ⎯ Global Agri-Food Tech investment reached $16B in 2024 with only a 4% drop from 2023 ⎯ Strong long-term outlook driven by regulatory shifts and pressure on traditional food systems ⎯ Today presents a strategic entry point as fewer investors and more startups drive v
Slide 6: Team and Governance
Team and Governance MISSION COMMITTEE Mathilde Do Chi Valentine Papeians Hugues de Meulemeester Regulatory Expert ESG Professional in Food Environmental Expert Nathalie Peeters Secretary of the Mission Committee & Investor Relations Manager OPERATIONAL Abhishek Anand Aymeric Stulemeyer Lisa Colombo
Slide 7: Financial Highlights 2024
Financial Highlights 2024 €18.8M €15M T O TA L N AV INVESTED 35% YoY Growth +€4.3M in 2024 €2.1 18 N AV/ S H A R E INVESTMENTS -2.8% YoY +3 participations in 2024 €6.8M +291 C A P I TA L R A I S E D INVESTORS Crowd & Private Placement Via Crowdlisting 7 Sources: NEW SCHOOL FOODS, CROPX, EVODIABIO, A
Slide 8: 2. Market Outlook
2. Market Outlook 8 Sources: ALGAMA
Slide 9: Market Update
Market Update $80.0 Global Agri-Food tech investments ($B) 10000 Investments across Ag-tech & Food-Tech ($B) 4150 3609 $70.0 3240 3300 % Agi-Tech 2693 2657 11% 11% 9% 11% 2250 2031 14% 13% 17% 18% 18% 1859 1972 23% 20% 24% 25% 23% 27% $48 31% 31% 34% 35% $60.0 1000 $50.0 $40.0 $30 100 95% 91% 89% %
Slide 10: Sector Highlights 2024
Sector Highlights 2024 €4.1Bn 13% 62% Invested in EU Of Global funding was We are surrounded by Into Growth & Late stage, Agri-Food Tech startups invested in Ag Biotech Podium finishers Series B and beyond -- -- -- -- Representing 26% of total Innovative Food The Netherlands highest 3% increase from
Slide 11: 3. Investments
3. Investments 11 Sources: ALGAMA
Slide 12: Investments Evolution
Investments Evolution 16.0M 30 15.0M 14.0M ⎯ Sustained pace of 18 investments in 4 years 26 ⎯ Accelerated pace - 50% growth* - in 2024 25 12.0M 10.7M 20 10.0M 18 18 8.0M 7.6M 15 15 13 6.0M 12 10 4.0M 4.0M 6 2.0M 5 6 2.0M 1 1 0.0M 0 2020 2021 2022 2023 2024 Capital Invested to date Cumulative N. Part
Slide 13: Newtree Impact since Inception
Newtree Impact since Inception Capital Invested % Geography Stage Sector Vintage 22% 22% 29% 33% 43% 75% 9% 78% 28% 45% 6% Funds Series-A/(Seed) Food-Tech 4 years 3 years 1-2 years 2% Growth/Series B/Pre-IPO Agri-Tech 13 - Please note that the percentages displayed on the map reflect both direct and
Slide 14: Investments over the years
Investments over the years 2020 2021 2022 2023 2024 H1 2025 €2.0M €2.0M €3.7M €3.1M €4.3M €1.4M ⎯ Inception of N3I ⎯ 2 Food-tech Funds ⎯ Cubiq Foods ⎯ CropX ⎯ Clay Capital ⎯ 1 undisclosed line ⎯ Aqua-Spark ⎯ Aqua-Spark ⎯ Atomo Coffee ⎯ Heura Foods ⎯ OnegoBio ⎯ 1 US early-stage ⎯ Proteon ⎯ Algama Foo
Slide 15: 2024 Notable Portfolio Events
2024 Notable Portfolio Events Celebrating Excellence | N3I portfolio Awards Proteon receives EFSA Onego Bio laid foundation for Direct Participations approval for BAFASAL. Production plant in the US. #05 Heura Foods #09 CropX #18 Onego Bio #30 Algama Evodiabio start selling with Heura Foods Raised €
Slide 16: 4. Financials
4. Financials 16
Slide 17: The NAV per share is € 2.09
The NAV per share is € 2.09 1.4M * 5.4M 18.8M — Since inception, our gross NAV has increased 8-fold -1.5M -0.4M — NAV per share grew by 35% — Synchronized deployment of capital 1.0M 13.9M 4.3M -0.3M 0.3M 8.9M 4.1M -0.2M 2.4M 0.1M 4.6M -0.2M 2.3M €1.46 €1.58 €1.91 €2.15 €2.09 31/12/20 31/12/21 31/12/
Slide 18: Value & Portfolio Evolution
Value & Portfolio Evolution Net Asset Value 31/12/24 16M De-valuations Re-valuations FX-Impact 15.0M 1.5M 0.1M 15.1M 15M 3.49M 14M 4.09M -1.6M 13M Investment Value 31/12/24 9.00M 12M 2.14M 1.95M 9.42M 11M 10M Invested NIAV* 2024 Food Tech Agri Tech Funds — Unrealized Capital Gain - 8 companies posit
Slide 19: Capital Structure
Capital Structure Shareholder’s Structure FY YTD 8.973.274 Shares Trading Value €116k €23k Volume (#shares) 47k 11k Average Daily (#share) 183 104 E.g. 889 shares exchanged via only three days of transactions causing a price drop from €2,4 to €1,7 (-28%) in 7 days! 9.6% December 2024 90.4% Float Nom
Slide 20: Balance Sheet – As of 31/12/24, Belgian GAAP
Balance Sheet – As of 31/12/24, Belgian GAAP €k Financial Summary 2024 2023 2024 2023 Net Asset Value (€Mn) 18,8 13,9 Equity 19,9 13,1 NAV Per share (€) 2,09 2,15 Investments 13,6 10,7 Balance Sheet ASSETS 2024 2023 LIABILITIES 2024 2023 Cash & Cash Equivalents 3,615 1,635 Payable 87 17 Inventories
Slide 21: Q4 Income Statement – As of 31/12/24, Belgian GAAP
Q4 Income Statement – As of 31/12/24, Belgian GAAP €k Income Statement note that there is no outstanding debt 2024 2023 REVENUES Revenues 5 7 Total 5 7 GROSS PROFIT 5 7 OPERATING EXPENSES Office Rent/Supplies -26 -24 Key Metrics (€m)note that there Salaries -355 -228 2024 2023 2022 2021 Other expens
Slide 22: 5. 2025 Outlook
5. 2025 Outlook 22 Sources: PROTIX
Slide 23: Next Step | Capital Increase 2025
Next Step | Capital Increase 2025 Upcoming News ⎯ €1.4M Committed Investments ⎯ 1 undisclosed line in the alternative fats ⎯ 1 US early-stage Agri-Food Tech fund ⎯ 1 EU focused Agri-Food Tech fund Upcoming Capital Increase ⎯ Capital increase of at least €10 million underway ⎯ A large portion of whic
Slide 24: 6. Mission Committee
6. Mission Committee 24 Sources: ONEGO BIO
Slide 25: Mission Committee's Work
Mission Committee’s Work Recommendations from 3 first Mission Committee’s Sessions SESSION #1 SESSION #2 SESSION #3 Making impact investing Reducing the impact of food Reducing the impact of food accessible to all on the environment on the environment (cont’d) LEVERAGE EXISTING TOOLS DEEPER STUDY RE
Slide 26: Preliminary Letter to shareholders
Preliminary Letter to shareholders The Mission Committee is responsible for reporting to shareholders on the proper fulfilment of the company’s mission. — 3/4 sessions completed for the first cycle — Concrete recommendations to amplify impact — Preliminary letter to shareholders available in the Inv
Slide 27: Annual Meeting > Proposed Resolutions
Annual Meeting > Proposed Resolutions 27 27
Slide 28: Resolutions
RESOLUTIONS 1. Annual Accounts ~ Approval 2. Annual Accounts ~ Appropriation of the company’s results 3. Directors ~ Discharge to the directors 4. Directors ~ Nomination and renewal of Director’s mandate 5. Conclusion ~ Closing remarks 28
Slide 29: Case Study
Case Study 29 Sources: ALGAMA
Slide 30: This presentation and its contents are strictly confidential and must not be shared or
30 This presentation and its contents are strictly confidential and must not be shared or distributed without prior written consent.
Slide 31: Eggs are the go-to protein in homes from Nairobi to New York
Eggs are the go-to protein in homes from Nairobi to New York Gram for gram, eggs are one of the cheapest complete proteins on the planet 31 This presentation and its contents are strictly confidential and must not be shared or distributed without prior written consent.
Slide 32: What the Egg is happening?!
What the Egg is happening?! « Due to egg shortage, customers can buy one dozen each » Why is US scrambling for eggs? « 6.25$ for a dozen… Eggstortion! » 32
Slide 33: Another Egg price Surge
Another Egg price Surge 6 In $/dozen H5N1 5 arrives in U.S poultry 4 2014-15: Bird 3 flu outbreak of H5n2 and H5n8 2 D1.1 arrives 1 33 0 1980 1995 2010 2025 Source: Think Global Health, 2025, link: Timeline: H5N1 Bird Flu Outbreak in the U.S. | Think Global Health,
Slide 34: Egg present challenges for all stakeholders
Egg present challenges for all stakeholders Volatile input costs (feed, energy, biosecurity) Food brands' reliance on unstable egg supply → Shrinking producer margins → Recipe reformulation pressure for food manufacturers Price fluctuations Short shelf life and refrigeration needs → Food insecurity
Slide 35: The Eggs alternative solutions from our portfolio
The 3 Eggs alternative solutions from our portfolio Portfolio weight: 8% Portfolio weight: 4% Portfolio weight: 5% Country: France Country: Finland Country: Switzerland 35 This presentation and its contents are strictly confidential and must not be shared or distributed without prior written consent
Slide 36: The Egg Alternatives are insulin's next big thing
The Egg Alternatives are insulin’s next big thing THE TRADITIONAL WAY 70 120% × More than 50,000 animals were needed to 60 100% produce just 1Kg of insulin. → In the 1970s, forecasts projected 56M 50 80% animals/year to meet rising U.S. demand. 40 60% The revolution THE NEW WAY 30 happened here! 40%
Slide 37: Questions to Maija Itkonen, CEO of Onego Bio
5 QUESTIONS TO MAIJA Maija Itkonen, CEO of Onego Bio 37
Slide 38: Questions to Ludovic d'Otreppe, CEO of Algama
3 QUESTIONS TO Ludovic d’Otreppe, CEO of Algama 39
Slide 39: Thank you
Thank you www.newtreeimpact.com info@newtreeimpact.com 40
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