Steakholder Foods Ltd. · NASDAQ:STKH
Steakholder Foods — Investor Presentation (December 2022)
37 slides from Steakholder Foods's investor presentation, Dec 6, 2022
Slide 1: Steakholder Foods Company Presentation December
Steakholder FOODS Company Presentation December SSTKH toe°
Slide 2: Disclaimers
Disclaimers This presentation and oral statements made regarding the subject of this presentation contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Such statements include, without li
Slide 3: Offering Summary
Offering Summary Issuer Symbol Securities offered Expected offering size Use of proceeds Sole book-running manager Lead manager Steakholder Foods Ltd. Nasdaq: STKH Up to 6,377,551 American Depositary Shares (each representing ten of our Ordinary Shares) or Pre-Funded Warrants to purchase American De
Slide 4: Developing real meat from ethically harvested cells using 3D bio-printing
Using our proprietary 3D bio-printing technology and advanced biology, we are developing real meat from ethically harvested cells, that is designed to be delicious, nutritious, safe and consistent. 4
Slide 5: Steakholder Foods' Core R&D
3D printing and incubation Steakholder Foods’ Core R&D High throughput 3D tissue engineering Multi-species cell-based manufacturing Advanced tissue engineering and differentiation capabilities
Slide 6: Making meat from animal cells
By making meat from animal cells, we are working to enable a growing global population to continue enjoying meat, while: preserving our ecosystems, keeping our food and fresh water secure, and protecting the welfare of animals. 6
Slide 7: Our impact
Our impact Environmental impact 78%-96% less greenhouse gases 51%-78% less freshwater use 63%-95% less land use Social Impact Safe, controlled process, high-quality nutrition Strengthening local economies Slaughter-free food production Business impact Alignment with sustainable development goals and
Slide 8: Group structure
Groupstructure Steakholder Innovation Ltd. 100% holdings Steakholder Foods Ltd. Peace of Meat BV 100% holdings Steakholder Foods USA, Inc. 100% holdings Steakholder Foods Europe BV 100% holdings
Slide 9: Company highlights
Steakholder Patent. Of which 3 granted and one licati allowed. Several trade applications secrets identified to date 74% R&D Q O Employees —36s,0ther $34.5 million raised on Raisedto Nasdaq in total date Company highlights
Slide 10: Company highlights
Companyhighlights Patent applications to date 18 Employees 80+ Raised to date $54M Of which 3 granted and one allowed. Several trade secrets identified 74% R&D 26% Other $34.5 million raised on Nasdaq in total
Slide 11: Our team
80+ Our team Employee geographic presence: Israel “headquarters” Belgium USA Our mission is to make real meat sustainable. Employees from over 20 countries
Slide 12: Management
Management Yaron Kaiser Arik Kaufman Guy Hefer Dan Kozlovski Co-Founder and Chairman Co-Founder and CEO CFO CTO Avraham Hampel VP Corporate Development Eitan Noah VP Finance Orit Goldman, Ph.D. VP Biology Itamar Atzmony VP Engineering Yair Ayalon VP Business Development Mor Glotter-Nov VP Marketing
Slide 13: Meet our R&D experts
Meet our R&D experts Itamar Atzmony VP Engineering Dan Kozlovski CTO Orit Goldman, Ph.D. VP Biology Tal KalksteinSoftware Manager Timofey Shmal3D Printing Expert Shahar ZukranMechanical Engineer Moshe ManorElectrical & Software Engineer Matan LivneFPGA Embedded Developer Nadav Noor, Ph.D.Tissue Engi
Slide 14: Company Timeline
Company Timeline September 2019 Company Initiates activities in Israel February 2021 Company acquires Peace of Meat, a leading Belgian developer of cultured avian products March 2021 Company raises $28M and becomes the first Nasdaq-listed cultivated meat company October 2021 Company partners with th
Slide 15: Alternative protein market overview
Alternative protein market overview 15
Slide 16: Huge market potential
Base case $20 billion in sales by 2030 High-growth scenario $25 billion in sales by 2030 Base case $450 billion in annual sales by 2040 High-growth scenario Market share of 20% by 2040 increasing to 40% by 2050 Base case $240 billion in salesMarket share of 9% by 2040 High-growth scenario $470 billi
Slide 17: Evolving alt-meat landscape
Complexity Time Plant-based alternative products Cultivated hybrid products Thin tissue of premium cultivated meat Cultivated whole-cut premium meat Evolving alt-meatlandscape * All hybrid and cultivated images are Steakholder Foods' original visuals.
Slide 18: From cells to food: the journey
Steakholder $STKHEe From cells to food The journey se Chicken nuggets made by Steakholder Foods Hamburger made by Steakholder Foods Differentiation Hybrid products Muscle fibers Cultivated & plant-based Fat Cells Cell source Cell production Sey Foi 3D bioprinting Printed Meat Incubation & Maturation
Slide 19: From cells to food: the journey
Cell source Cell production 3D bioprinting Printed Meat Incubation & Maturation Structured Product made by Steakholder Foods Fat Cells From cellsto foodThe journey Muscle fibers Fat Muscle Differentiation Hamburger made by Steakholder Foods Chicken nuggets made by Steakholder Foods Hybrid products C
Slide 20: From cells to hybrid products: the journey
Structured Product made by Steakholder Foods From cellsto hybrid productsThe journey Fat Muscle Cell source 3D bioprinting Differentiation Printed Meat Incubation & Maturation Hamburger made by Steakholder Foods Chicken nuggets made by Steakholder Foods Muscle fibers Fat Cells Cell production Hybrid
Slide 21: First stop: Hybrid products
Cultivated & plant-based ingredients hybrid products First stopHybrid products 21
Slide 22: From cells to meat: the journey
Cell source Cell production 3D bioprinting Hybrid products Cultivated & plant-based Printed Meat Incubation & Maturation Fat Muscle Differentiation Hamburger made by Steakholder Foods Chicken nuggets made by Steakholder Foods Fat Cells Muscle fibers From cellsto meatThe journey Structured Product ma
Slide 23: The road to structured meat: Differentiation capabilities
Fat Native Tissue Muscle Steakholder Foods Tissue 100 μm 100 μm 100 μm MHC Hoechst Phalloidin Bodipy Phalloidin Native muscle fiber structure Native Fat cell structure Bovine satellite cells derived muscle cells Bovine adipose stem cells derived fat cells The road to structured meat Differentiation
Slide 24: Muscle differentiation and maturation
Muscle Differentiation Maturation Before differentiation induction Day 7 of differentiation Day 14 of differentiation The road to structured meat Differentiation Capabilities
Slide 25: 3D Bio-printing: structured products
3D Bio-printing The road to structured meat Structured Products
Slide 26: Next stop: Printing real meat
Next stopPrintingreal meat End of 2021 achievement: Steakholder Foods’ 104-gram printed steak Sep. 2022 achievement: Steakholder Foods’ Omakase Beef Morsels
Slide 27: Intellectual property and trade secrets
Physical manipulation of cultivated tissue Growth support for cell culture 1 Harvesting bovine embryonic inner cell mass Bioprinter printhead assembly Bovine umbilical cord stem cells as feeder layer 2 3 4 5 6 7 8 9 3D-printing high resolution support structures Muscle stem-cell fusing process Adipo
Slide 28: Competitive landscape
Steakholder $ Com petitive Structured landscape* ne Steakholder ©@ ALEPHFARMS FOODS .S) BlueNalu. MEATABLE WILDTYPE 1Species Various Species HeGe Shin Masts! #uve Vow SuperMeat *To the best of our knowledge, based on publicly-available information Ground products 28
Slide 29: Competitive landscape
1 Species Structured meat Various Species Ground products Competitive landscape* * To the best of our knowledge, based on publicly-available information . 29
Slide 30: Building blocks for market penetration
Building blocks for market penetration Scale & Cost Regulation USA EU Requires ‘novel food’ and food safety applications FDA moved toward initial approval of cultivated meat* Planned submission H2 2023 Planned submission H2 2023 Singapore Already approved cultured meat for sale in restaurants Planne
Slide 31: Main Activity Plan
H1 H2 x SFA Regulatory Submission Animal-Free Growth Media and Bio-Ink Printing structured fish USDA & FDA Regulatory Submission 1st strategic bio-printer engagement Scale-up production initiation 2024 First Revenue Stream Main Activity Plan 2023 2023 2023 The capital raised will support these ongoi
Slide 32: Go-To-Market Strategy
Go-To-Market Strategy Customers Steakholder Foods 3D bio-printer Aims to be the industry standard Plant-basedB2B Manufacturers Plant-based & HybridB2B Manufacturers & Distributors Cultivated Structured MeatB2B2C Flexitarians Steakholder Foods Cultivated Whole Cut Meat Steakholder Foods Hybrid
Slide 33: Why Steakholder Foods?
Why Steakholder Foods? 2 3 5 6 4 Nasdaq public listing allows everyone to become a Steakholder Regulatory advancements in the USA (our first key target market) Leading brand name in the cultivated meat industry Low burn rate relative to technological and business development Highly differentia
Slide 34: Thank you
Thank you
Slide 35: Balance Sheet
Balance Sheet ($, millions) Sep 30, 2022 Current assets 2 Non current assets ma Total assets 332 Current liabilities 5.6 ish equivalent Non current liabilities 32 vane no bank debt and Total liabilities 88 . substantial IP R&D assets Equity 24.4 Total liabilities and equity 3B2
Slide 36: Balance Sheet
($, millions) Sep 30, 2022 Current assets 12.1 Non current assets 21.1 Total assets 33.2 Current liabilities 5.6 Non current liabilities 3.2 Total liabilities 8.8 Equity 24.4 Total liabilities and equity 33.2 no bank debt and substantial IP R&D assets in cash and cash equivalents Investor deck_Decem
Slide 37: Pre-Offering Capitalization Table
Pre-Offering Capitalization Table Steakholder Foods Ltd. Ordinary shares ADS Equivalent Shares outstanding 140,384,407 14,038,441 Options and Restricted Share Units 28,828,262 2,882,826 Warrants 44,865,621 4,486,562 Rights 1,407,466 140,747 Fully diluted shares outstanding 215,485,756 21,548,576 As
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