16 slides from Burcon Nutrascience's shareholder meeting presentation, Sep 17, 2025
Slide 1: The Future of Protein Rooted in Nature
THE FUTURE OF PROTEIN ROOTED IN NATURE AGM PRESENTATION | SEPTEMBER 2025 TSX:BU OTCQB: BRCNF b u r c o n . c1 a
Slide 2: Safe Harbour Statement
Safe Harbour Statement TSX: BU OTCQB: BRCNF GENERAL Burcon NutraScience Corporation (“Burcon” or, the “Company”) is making this presentation available to selected persons on the terms and conditions set forth below. Any unauthorized use of the presentation is strictly prohibited. Additional informat
Slide 3: Agenda
Burcon AGM Presentation TSX: BU OTCQB: BRCNF Agenda Presenter: ⚫ Key Achievements Kip Underwood, Burcon CEO ⚫ Burcon Core Values ⚫ Technology Platform ⚫ Market & Sales Update ⚫ Production Update ⚫ Investment Opportunity ⚫ Looking Ahead ⚫ Closing Remarks and Q&A 3
Slide 4: Strategic Pillars
Strategic Pillars TSX: BU OTCQB: BRCNF From Innovation to Impact Identify Closer to More Influence Over Additional Customers and Manufacturing Revenue Streams End Markets Leverage Burcon’s assets, IP, Relationships with Properly implement and expertise and capabilities to customers and end markets o
Slide 5: Key Achievements
Key Achievements TSX: BU OTCQB: BRCNF Executing Capital-light Business Plan Operational Milestones Financial Highlights • Initial Commercial Sales – Pea / Fava / Canola • FY26 Q1 Revenue Increased by 44% YoY • Entered into $6.8 Million Multi-Year Production • FY26 Q1 R&D / G&A down by 50% and 36% Ag
Slide 6: Burcon Core Values
Burcon Core Values TSX: BU OTCQB: BRCNF Uncompromising Commitment to Operational Excellence Accountability Be Curious – Innovate • Say what we do / do what we say • Seek opportunity; ask "why" / "why not" • When we miss; own it, learn and move • Stay open minded. Creativity fuels progress forward Co
Slide 7: Tech Platform – Protein Innovation
Tech Platform – Protein Innovation TSX: BU OTCQB: BRCNF Putting People and Planet First 20+ years of plant protein innovation Our proprietary extraction technology and Fava unique purification process results in differentiated, best-in-class protein ingredients that offer: Products have best-in-clas
Slide 8: Tech Platform – Performance
Tech Platform – Performance TSX: BU OTCQB: BRCNF Best-in-Class Performance in Plant-based Cheese Burcon Consumer Applications Solatein Category Leading Dairy Cheddar Sunflower Protein Plant-based (90%+) Cheddar Hardness (N) 76 72 58 Melting (%) 136 21 144 Stretch (mm) 34 3 68 Data from study at Mara
Slide 9: Tech Platform – Unlocking Value
Tech Platform – Unlocking Value TSX: BU OTCQB: BRCNF Driving Value Through Scalable Innovation Sell Technology Expand Discovery Capacity Build Partner R&D License Value Value Capture Creation Sales Refine/ Growth Optimize Commercial Validation Unlocking growth through our protein technology platform
Slide 10: Consumer Interest in Plant Proteins
Consumer Interest in Plant Proteins TSX: BU OTCQB: BRCNF Traditional Proteins Burcon Ingredient Solutions Meat Proteins Global Plant-based Protein Market Dairy US$64.38B in 2025 Proteins Compound Annual Growth Rate 17.9%¹ Egg Proteins 1. Plant-Based Protein Global Market Report 2025 https://www.theb
Slide 11: Sales - Robust Customer Pipeline
Sales - Robust Customer Pipeline TSX: BU OTCQB: BRCNF 200+ Product Samples under Evaluation Multi-million $ Sales Funnel Bag Orders filled for Currently in final step of commercial 25+ Customers product evaluation Pallet (MT) Orders sold for Pea & Canola Entered into $6.8M Multi-Year Supply Agreemen
Slide 12: Sales – Diverse Customer Projects
Sales – Diverse Customer Projects TSX: BU OTCQB: BRCNF Ramp with Cutting-edge, Innovative Brands “Fast Movers” “Mass Premium” “Mainstream Accessible” REVENUE Launch Growth Stage Mature Stage 2025 into 2026 2026 into 2027 2028+ Near- and Longer-term opportunities for strong, recurring revenue 12
Slide 13: Production Update
Production Update TSX: BU OTCQB: BRCNF Launch & Commercialize Protein Portfolio Key Highlights Burcon NutraScience • Commissioning • Installed Proprietary Process • Validated Tech Platform at Commercial Scale with Production of Pea, Canola, & Fava • Quality Certification Achieved (BRC, Kosher, Aller
Slide 14: Investment Opportunity
Investment Opportunity TSX: BU OTCQB: BRCNF Pieces are in Place – Now We Execute on Our Plan TSX: BU OTCQB: BRCNF Share Price Projected Gross Margin % $2.42 (Sept 16, 2025) 80% Phase 3 70% Market Cap $31M (Sept 16, 2025) 60% Shares 12.7M issued 50% Phase 2 Outstanding 14.9M diluted 40% 30% Insider 3
Slide 15: Looking Ahead
Looking Ahead TSX: BU OTCQB: BRCNF Building a Foundation for Future Growth Expected Catalysts and Milestones through Calendar 2025/2026 Commercial Sales; Supply Contracts & Facility Acquisition & New Product Launches Significant Recurring Profitable inside 2026 Production Online Revenue 1Q25 1H25 2H
Slide 16: Burcon NutraScience
BURCON NUTRASCIENCE D I F F E R E N T I AT E D P R OT E I N S A G T E C H P U R E P L AY O N T H E T S X GLOBAL AGRI-TECHNOLOGY LEADER TSX:BU OTCQB: BRCNF burcon.ca