Local Bounti Corporation · NYSE:LOCL
Local Bounti — BMO Farm to Market Conference 2022
12 slides from Local Bounti's conference presentation, May 18, 2022
Slide 1: BMO Farm to Market Conference
Exhibit 99.1 BMO Farm to Market Conference May 18, 2022 Strictly Confidential ©2022 Local Bounti Corp
Slide 2: Disclaimer
Disclaimer FORWARDLOOKINGSTATEMENTS This presentation includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by words such as anticipa
Slide 3: The Farm of the Future Built on a 50 Year Legacy
The Farm of the Future™ Built on a 50 Year Legacy Travis and Craig wanted to invest in CEA ü , but could not find the ideal existing business after performing due diligence Pete’s Dad and Opa start with a ü They became very excited to “clean sheet” and to build a business with long-term CEA leadersh
Slide 4: Bounti's Differentiated Approach
Local Bounti’s Differentiated Approach Canada Carpinteria Oxnard Sustainable & Local, Distributed & Brand and Unit Transparent Logistics Strategy Product Diversity Economics ü Achieves superior ü Product surety of 365-day ü Strong retailer and ü Mission-driven for production unit economics supply of
Slide 5: Bounti Has Strong ESG Alignment
Local Bounti Has Strong ESG Alignment Local Bounti exhibits exceptional ESG SDG 11: Increases jobs, taxes and performance, directly investment in cities addressing over half of SDG 12: the U.N. Sustainable Significantly reduces food waste Development Goals SDG 13: Fewer emissions than SDG 2: traditi
Slide 6: Operationally and Commercially Established
Operationally and Commercially Established Key Highlights Proven Credibility Growth Stats Strategic Partner $462MM 2025 3 Projected Revenues Pete’s Acquisition 2022 1.5x-2.0x 2Q22 1 Yield of comparable greenhouse farms $170M debt facility in place with Cargill LOCL Listed NYSE 4Q21 “Local Bounti and
Slide 7: Farm of the Future: Unit Economics Drove Our Patented Facility Design
Farm of the Future™: Unit Economics Drove Our Patented Facility Design 2 1.5x-2.0x EFFICIENCIES Comparable yield ü Yield TM 40+ Stack ü Cost SKUs + ü Capital Optimal production 1 Proprietary Patent Enables Flow potential a Differentiated Platform ü Product Our unique Stack & Flow™ Technology provide
Slide 8: Bounti Crop Cycle: Hamilton, MT
Local Bounti Crop Cycle: Hamilton, MT Consistent innovation in crop cycle sets Local Bounti apart $ Every facility investment decision is looked at through the lens Turns Lbs UOS of ROI and the most important variable to unit economics: Turns of the Greenhouse Unit Economics Local Bounti Actuals Ass
Slide 9: Bounti Product Portfolio
Local Bounti Product Portfolio OUR BRAND PROMISE PESTICIDE 1 FREE Graphic does not depict all active retail SKUs in market today 9 1. Does not include all of Pete’s SKUs. Local Bounti intends to support Pete’s facilities to attain the same certifications.
Slide 10: Expected High Market Capture with Distributed Farm Footprint
Expected High Market Capture with Distributed Farm Footprint 10,000+ LAND BRAND EXPAND Retail doors and growing! Local Bounti is at the forefront Canada of discovering markets ripe for expansion and penetration. STEP 3 STEP 2 STEP 1 Select geographic Analyze Build vs Buy Expand opportunity strategic
Slide 11: Focus, Global Mindset
Local Focus, Global Mindset LAND BRAND EXPAND Building a global brand powerhouse requires an integrated strategy Omni channel touchpoints drive awareness and generates trial, including: • In-store product diversification (SKU count) captures more in-store real estate • Advertising (Digital + Print)
Slide 12: Thank You!
Thank You! ©2022 Local Bounti Corp