Newtree Societe Anonyme · EURONEXT:NEWT
Newtree Societe Anonyme — Newtree Impact — Shareholder Meeting (June 2023)
49 slides from Newtree Societe Anonyme's shareholder meeting presentation, Jun 6, 2023
Slide 1: IMPACT Investing For ALL
IMPACT Investing For ALL 06/06/2023 – ANNUAL GENERAL MEETING
Slide 2: Agenda
AGENDA 1. PEOPLE ~ Team / IC / Board 2. MISSION ~ Problems / Solutions 3. MARKET ~ Update / Food-tech VC 4. PORTFOLIO ~ Highlights / Current ‘22/ ’23 5. FINANCE ~ Financials / NAV / Capitalization 2
Slide 3: PEOPLE > Team, IC & Board
Na NEwTREE Impact PEOPLE > Team, IC & Board
Slide 4: Team
Team Food Leadership Benoît Thibaud de SAINT- Abhishek Marie Jean-Nicolas DE BRUYN QUENTIN ANAND LEGON FASSIN Founder & Managing Portfolio Investment Market Analyst Finance & Legal Director Adviser Analyst Newtree Group Adviser — 25+ years experiences as — 30+ years of Leadership — 3+ years of exper
Slide 5: Investment Board
Investment Board Top-Notch Investment Committee Fabian Nicolas Benoît Frédéric Thibaud de Alain Serge SEUNIER SAILLEZ DE BRUYN POUCHAIN SAINT-QUENTIN BALTHAZART DEMOULIN Investment Investment Founder Investment Investment Investment Investment Officer Officer & CEO Officer Observator Officer Officer
Slide 6: Board members
Board members Strategic well-positioned International & Multidisciplinary board Benoît Michael Thibaud de Prof. Dr. Bruno Udaiyan Raymond Emilie DE BRUYN BAUM SAINT-QUENTIN COLMANT JATAR VAXELAIRE DALLEMAGNE Executive CEO Director Executive Independent Director (CMO) Director Director BE & USA USA D
Slide 7: MISSION > Problems, Solutions
MISSION > Problems, Solutions 7
Slide 8: Spectrum Focus
Spectrum We generate Impact & Return Type Traditional ESG risk ESG opportunity Impact Philanthropists investor mitigator seeker investor donors Focus Limited or no focus Focus on ESG risk Focus on ESG Focus on both impact Focus on one or a on ESG factors mitigation opportunities and financial return
Slide 9: Mission
Mission To make impact investing accessible to all To help preserve the planet by reducing the impact of food on the climate and biodiversity We Offer everyone the possibility to Invest in Disruptive companies reshaping the future of our Food systems 9 24/11/2022 – Investors Meeting Newtree Impact
Slide 10: Solutions. To Global Food Industry Challenges
Solutions. To Global Food Industry Challenges Even if the system could keep pace, High demand leads to high prices. shift to agriculture will also increase Inflation causing food insecurity, GHGs from the food sector exaggerated by war , supply chain issues. 26% 25% increase in population Increased
Slide 11: MARKET > Update, Food-Tech Evolution
MARKET > Update, Food-Tech Evolution 11
Slide 12: EV. Food-Tech Companies by launch year
EV. Food-Tech Companies by launch year Enterprise Values (in $bn) $1,500.0 $1,000.0 $500.0 $0.0 2014 2015 2016 2017 2018 2019 2020 2021 Q3 2022 After 2015 2010-2014 2005-2009 2000-2004 1995-1999 Before 1995 12 ⎯ Combined EV of the Agri Food-tech ecosystem is valued at $1.3 t, a 18% increase since en
Slide 13: VC Investments. Food-Tech – Last 2 Years
VC Investments. Food-Tech – Last 2 Years Quarterly VC Global investment (in $Bn) Investments in Agri-Food Tech (in $Bn) $250 $14 $13 $219 $12 $11 $200 $190 $182 $180 $10 $10 $10 $167 $10 $9 $150 $143 $8 $7 $105 $102 $6 $93 $6 $100 $88 $5 $4 $4 $50 $2 $- $- Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q
Slide 14: VC Update. Positive Impact on Investments
VC Update. Positive Impact on Investments Most investor-friendly market environment ⎯ Elevated Inflation Prices have come down & Limited access to capital ⎯ Rising Interest Rates ⎯ Geopolitical Fears ⎯ Supply Chain Challenges ⎯ Banking Crisis ⎯ Financial Market Instability ⎯ Economic Confidence Insi
Slide 15: STRATEGY > Mission, USP & Growth
STRATEGY > Mission, USP & Growth 15
Slide 16: Growth Strategy. Grow quickly in 4 Phases
Growth Strategy. Grow quickly in 4 Phases Closed Closed Phase 1 Phase 2 Phase 3 Phase 4 Q1/2 2021 Q4/Q1 2021/22 Q2 2022 – Q2 2023 Q3 2023 - Onwards — ‘Incorporation’ — Capital l’ > €0,85m — Capital > €4,2m — TBD — Capital 0 & I > €2,4m — Capital ll > €4,1m — 5-6 Inv. : €0,5-2,5m — Newtree Group Spin
Slide 17: SNAPSHOT 2022 > Key Events & Highlights
SNAPSHOT 2022 > Key Events & Highlights 17
Slide 18: Key Events. Internal Activities
Key Events. Internal Activities €800K → 1.60M €4.10M Investment in Aqua-Spark (300K) Moved to the new office Investment in EvodiaBio (€700K) Investment in 2 Alt-Proteins Funds Welcoming NOSHAQ & IMBC Investment in Algama Foods ($1M) Investment in Heura Foods (€1.5M) H1 2021 H2 2021 Mar 2022 Apr 2022
Slide 19: Highlights
Highlights Public IMPACT Long-term Minority Invested Capital Geographies Holding Company De-Risking Strategy €9.8m 4.3 3 areas 4.1 1.6 0.8 0.8 Europe 3 Pillars Focus July '20 Jan '21 Sep '21 Mar '22 Jan '23 Israel Capital Raised – 11.6m Food-tech 32% 4.15 Seed / A US Agri-tech 56% 1.78 Investments B
Slide 20: PORTFOLIO > 2021/23, Stage & Allocation
PORTFOLIO > 2021/23, Stage & Allocation 20
Slide 21: '21 Investments. Detailed in Previous Meetings
‘21 Investments. Detailed in Previous Meetings AQUA SPARK ~ NL NEWTREE SA ~ BE PROTEON ~ PL PROTIX ~ NL FUNDS ~ US & EU – Global aquaculture – Sustainable chocolate – Precision biology for – Production of insect- – Plant-based, dairy, food- investment holding & coffee company microbiome protection b
Slide 22: '22 Investments. Detailed in November Meeting
‘22 Investments. Detailed in November Meeting Fund 3 Atomo Coffee ~ US Cubiq Foods ~ ES AG Fund ~ US UPCOMING… – Developing coffee – Plant-based oil & fat – Agri-Food tech fund for – 3 companies already without coffee beans. replacers. Early-stage companies been approved in the – Horizon Ventures, S
Slide 23: '23 Investments
‘23 Investments EvodiaBio / Algama / Fable Foods / Heura Foods Pre-Seed/Seed Series - A Series - B Growth/Pre-IPO Fund 3 Fund 1-2 23
Slide 24: INVESTMENTS > 2023
NZ NEwTREE Impact INVESTMENTS > 2023
Slide 25: Evodia Bio
Evodia Bio Hops Replacer
Slide 26: EvodiaBio
EvodiaBio Beer-hops replacer Mission & Vision EvodiaBio is using metabolic engineering to produce high-value isoprenoids. They aim to become a world Our investment - €700,000 leader in the development, production, and marketing of natural and sustainable aromatic substances, starting with the F&B in
Slide 27: Algama Foods
Algama Foods Algae-based Ingredients
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Slide 29: Algama Foods
Algama Foods Algae-based Ingredients Mission & Vision Algama is an algae-based ingredients manufacturer founded in 2013 & one of the pioneers of algae Our investment - €1,000,500 innovation. Their objective is to manufacture functional ingredients based on algae processing for the global food and be
Slide 30: Fable Foods
Fable Foods Braised meat analogue from Mushroom
Slide 31: Fable Foods
Fable Foods Braised meat analogue from Mushroom Mission & Vision Our investment - €284,495 Fable Foods is a carbon neutral, plant-based venture based in Queensland, AU producing braised meat- like products primarily from mushrooms – the only alternative protein venture to do so in the world. Using —
Slide 32: Heura Foods
Heura Foods Mediterranean Plant-based meat 32
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Slide 34: Heura Foods
Heura Foods Mediterranean Plant-based meat Mission & Vision Our investment - €1,500,000 HEURA Foods was founded in 2017 in Barcelona. It’s a social mission-turned-business which empowers people to change the food system to a more sustainable, healthy, & nutritious one. They are making — Country Spai
Slide 35: IMPACT > Achievements
IMPACT > Achievements 35
Slide 36: Impact. Our Sectorial Goals
Impact. Our Sectorial Goals GHG Emissions (KgCO2eq) Energy Consumption (MJ/Kg) 275 60 240 173 13.3 3.17 1.3 0.7 3.16 0.61 Water (liters/kg) Land Usage (m2/Kg) 326.21 15,415 10,313 3,160 36 1,800 29.58 15 18 1.2 0.03
Slide 37: Impact. Land Usage
Impact. Land Usage Plant-based Cultivated Fermentation 97% 90% 97% 54% 67% 85% 67% 64% 74% 37 Source: GFI & CE Delft LCA 2023, Quorn 2018 LCA (GFI Analysis)
Slide 38: Impact Achievements
Impact Achievements PROTEON AQUA-SPARK US AGRI FUND ALGAMA FOODS — 1.52 Metric tons reduction in 124,000T ― 60% Impact focussed antibiotic use in Poultry Feed saved companies in Portfolio 450T — 0.29 metric ton reduction in 38,600T ― Portfolio contains Fishes saved (2023) antibiotic use - Aquacultur
Slide 39: Annual Meeting > Proposed Resolutions
Annual Meeting > Proposed Resolutions 39
Slide 40: 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 40
Slide 41: FINANCE > Figures, NAV, Capitalization
FINANCE > Figures, NAV, Capitalization 41
Slide 42: Balance Sheet. As of 12/31/22, Belgian GAAP, €k
Balance Sheet. As of 12/31/22, Belgian GAAP, €k ASSETS LIABILITIES Cash 709 Payables 20 Inventories 0 Short-Term 0 Receivables 46 Others 2 Others 4 Total Current 759 Total Current 22 Our balance sheet is Simple: ⎯ Equity €8.4m (99.7%) Long-Term 0 Non-Current 0 ⎯ Cash €0.7m ⎯ Liquidity Ratio 35 Inves
Slide 43: Income. As of 12/31/22, Belgian GAAP, €k
Income. As of 12/31/22, Belgian GAAP, €k REVENUES 13 Others 2 Total Revenues 15 Gross Profit 15 OPERATING EXPENSES Office Rent/Supplies -17 Salaries -129 Other Expenses -31 ⎯ Very strict control of general costs and salaries Listing Fees -15 Total -192 ⎯ Total OPEX at 2.0% of balance sheet total Ope
Slide 44: NAV. As of 12/31/22, €k
NAV. As of 12/31/22, €k Investment Stage Committed Invested NAV* Proteon Pharmaceuticals Series B 500,275 € 500,275 € N/A Protix Pre-IPO 299,879 € 299,879 € N/A Aqua-Spark Growth 1,200,000 € 1,200,000 € > Food-tech Fund - EU Funds 500,000 € 313,679 € = Alt-protein Fund - US Funds 1,000,000 € 626,423
Slide 45: Portfolio. Balanced & Diversified, As today '23
Portfolio. Balanced & Diversified, As today ‘23 Current FUNDS ATOMO COFFEE 1 : 675,930 € 12% 314,441 € 2 : 338,679 € --- 3 : 165,722 € CUBIQ FOODS 32% 500,000 € --- PROTIX 9,756,331 € ALGAMA FOODS 299,879 € Invested 1,000,500 € --- --- AQUA-SPARK EVODIABIO 1,200,000 € 56% 702,664 € --- --- HEURA FOO
Slide 46: Capitalization. As today '23
Capitalization. As today‘23 Post €4.1m April ‘22 Capital Increase Free Float IMBC New Investors 7% 13% 28% Founders 8% 6,467,980 Shares 6,467,980 Shares 20% Noshaq --- --- Valuation pre €11.1m Valuation post €15.4m 2023/01 - €2,38/Share 2023/01 - €2,38/Share Nominative Shares 43% 5% 5% Savor Life 72
Slide 47: Thank you
Thank you Benoît de Bruyn, Founder & CEO + 32 476 750 337 benoit@newtreeimpact.com www.newtreeimpact.com 47
Slide 48: 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
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