13 slides from Burcon Nutrascience's shareholder meeting presentation, Sep 20, 2023
Slide 1: A New World in Plant-based Protein
Burcon NutraScience A New World in Plant-based Protein AGM Presentation – September 2023
Slide 2: Safe Harbour Statement
Safe Harbour Statement 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 information with respect to B
Slide 3: Our Mission
Our Mission To improve the health and wellness of consumers through the discovery and development of sustainable, functional and renewable plant-based proteins for the global food and beverage industries. 3
Slide 4: Burcon 2.0 Strategic Imperatives
Burcon 2.0 Strategic Imperatives 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 optimize Burcon’s unique generate
Slide 5: Market Growth & Food Ecosystem Present Opportunities
Market Growth & Food Ecosystem Present Opportunities Source: GFI 2022 State of the Industry Report. 5 5
Slide 6: Market Growth & Food Ecosystem Present Opportunities
Market Growth & Food Ecosystem Present Opportunities Plant-based foods market, US Retail 2019 - 2022 Dollar Sales 10 $8.0 B $7.5 B $7.1 B Dollar Sales ($billions) +7% +6% $5.5 B +28% 5 3-year growth: +44% 3-year CAGR: +13% 0 2019 2020 2021 2022 Consumer Shift Vibrant Food Ecosystem U.S. plant-based
Slide 7: Market Opportunity
Burcon Market Opportunity Addressable Market Commercial Readiness Value Market Pilot-scale Ready for Proven at TAM Burcon Opp In Dev Proposition Growth % Validated Scale-Up Commercial Scale Pea $2.9B2 11.9% $29-58MM CAGR2 ✓ Canola $2.2B4 7.8% $22-44MM CAGR3 ✓ Soy $4.5B1 4.6% $45-90MM CAGR1 ✓ Sunflow
Slide 8: Parallel Paths to Market
Parallel Paths to Market Value License Propositions • Pea Partner • Canola Routes to Market • Soy Food • Sunflower Ecosystem • Hemp • Upcycled Build Proteins Sell Capital-light, High-margin Model 8
Slide 9: Hempseed Protein Roadmap
Hempseed Protein Roadmap Burcon Partners IFT FIRST Launch Market Validation / with HPS Customer Process Engagement Validation • Soft launch at IFT FIRST • Sample production and distribution • Significant customer • Pioneer in hempseed & interest • Product data sharing Commercial plant-based Partners
Slide 10: 95% Hempseed Protein Isolate
95% Hempseed Protein Isolate World’s first high-purity hempseed protein isolate • Minimum 90% protein, db • Neutral flavor, off-white color • Grown and processed in North America Quickest path to generating revenues • Existing customer demand • HPS global network of customers • Speed-to-market via C
Slide 11: Sunflower Proteins
Sunflower Proteins One of the best plant proteins in taste and color • Upcycle processing yields multiple high-value protein products • Neutral flavor, off-white color • Unlimited supply – third largest oilseed crop Compelling value propositions • Tap into new markets: baked goods, meat extensions,
Slide 12: Burcon 2.0 Financial Position
Burcon 2.0 Financial Position $3.6 million Cash Runway February 2024 Cash Position As of Jun 30, 2023 Potential sources of non-dilutive funding to extend runway Up to $4 million Government Funding Total Cost Reduction $5 million Second Tranche Large Scale Loan G&A Expenses Alternate sources of reven
Slide 13: 2.0 – Pushing Forward
Burcon 2.0 – Pushing Forward REPOSITION. REVITALIZE. RE-ESTABLISH. Executing our strategy Better process. Line of sight to revenue in 2024 Better proteins. Winning is contagious – Start small, think big, scale fast Better partners. Diligent cash management Better planet. Capitalizing on the market o