Cibus, Inc. · NASDAQ:CBUS
Cibus — Calyxt — Merger or Acquisition (May 2023)
25 slides from Cibus's merger presentation, May 11, 2023
Slide 1: Leading the Future of Breeding
Exhibit 99.1 Leading the Future of Breeding™ M a y 2 0 2 3
Slide 2: Key Management Team
Key Management Team Rory Riggs Peter Beetham, PhD Greg Gocal, PhD CEO, CHAIRMAN COO, PRESIDENT EVP, CHIEF SCIENTIFIC CO-FOUNDER CO-FOUNDER OFFICER, CO-FOUNDER Noel Sauer, PhD Wade King, MD Rosa Cheuk Kim, JD SVP, HEAD OF R&D CHIEF FINANCIAL SVP, LEGAL OFFICER 2 2 2
Slide 3: The Future of Breeding Highlights
Founded Employees Headquarters 2001 ~200 San Diego, CA The Future of Breeding™ Highlights Leading New Era of Gene Edited Trait Development in Agriculture Business Model Technology Products Develop-License Plant Traits Cibus’ Trait Machine™ 6 Trait Pipeline • 3 Developed Traits - Shipping • Semi-Auto
Slide 4: Breeding is How Seed Co's Develop Traits
Breeding is How Seed Co’s Develop Traits The Seed Industry: Productivity Traits are the Primary Basis for Competition. Seed Co’s Charge Productivity Trait Fees for Productivity Gains from Traits. Conventional Trait Development (Breeding!) has Severe Scale & Speed Limitations 4
Slide 5: Cibus' Trait Machine Changes the Scale & Speed
Cibus’ Trait Machine Changes the Scale & Speed High Throughput Gene Editing System. - Operates as an Extension of Conventional Breeding Trait Development in a Fraction of the Time and Cost of Conventional Breeding “Nature Identical” Traits Non-GMO Traits that are Cibus conventional breeding like. Bi
Slide 6: Trait Machine is a Step Change in Trait Development
Trait Machine is a Step Change in Trait Development Transforms the Steps Involved in- 1) Trait Development, and 2) Commercialization! 1– Prototyping Runs: Accelerates Development & Proof of Concept 2– Production Runs: Accelerates Speed to Market. Trait Machine Once a trait is developed, Trait Machin
Slide 7: Addresses the Pressing Need From Climate Change
Addresses the Pressing Need From Climate Change Billions of Acres being hit by Changing Diseases, Pests & Resources Desperate Need for Scale & Time Change in Trait Development Gene Editing is Virtually the Only Tool that Can Address Climate Challenges at Scale 7
Slide 8: Climate Need is Driving Regulatory Change
Climate Need is Driving Regulatory Change Global Push: Regulate Gene Editing Like Conventional Breeding New Gene Editing Regulations in Place Positive Policy Processes Underway Positive Policy Discussions Note: Cibus traits are developed without integrating foreign DNA in the process or product. in
Slide 9: The Market Opportunity
The Market Opportunity The Business, Product and Economic Opportunity of Plant Traits
Slide 10: Trait Products are a Royalty Business
Trait Products are a Royalty Business Traits are Genetic Characteristics that Enable Plants to Manage Environmental Challenges Royalties are Paid for: Improved Yields, Increased Productivity, and/or Lower Costs (Chemicals!) Trait Royalty Market - $$$ “Traits by Acres by Trait Fees”
Slide 11: Example: The "Bt" Trait
Example: The “Bt” Trait Trait: A “Bt” Protein that is Engineered into a Plant to make it Toxic to Plant Specific Pests. Bt Trait Economics: kills pests, decreases pesticide use/cost, increases yields. Crop Pest Note: Slide 22 for term definitions, data sources & assumptions.. Annual Trait Fees $2.6
Slide 12: Business Model: Traditional Trait Distribution Model
Business Model: Traditional Trait Distribution Model: Traits Distributed in Seeds by Seed Co’s Seed Co’s Pay Trait Royalties based on Trait Fees Paid by Farmer TURN TO WHO TURN TO Farmers Seed Companies Trait Developers Challenged by the impacts of Environment & Climate change Seed Co’s sell Farmer
Slide 13: Cibus' Initial Commercial Model
Cibus’ Initial Commercial Model 1) Three Trait Machine Platforms - Canola, Rice & Soybean; 2) Six Traits Trait Royalty Market (est.) for Cibus’ 6 Traits in Canola, Rice & Soybean is ~ $2 Billion Canola Rice Soybean MM MM MM TAM: 46 ACRES TAM: 11 ACRES TAM: 190 ACRES Soybean Traits Traits Traits 5 3
Slide 14: Four of the Six Initial Traits are Multi-Crop
Four of the Six Initial Traits are Multi-Crop Each Initial Trait has an Exp. Royalty > $100 MM/Yr. across the 3 Crops ‘ The Six Traits have Strong Demand across the 3 Crops Addressable TRAIT ACRES for Canola, Rice, Soybean ~250 MM Acres Note: Addressable Acres, Trait Fee Acres and Trait Royalty Mark
Slide 15: Corn & Wheat will Increase Market
Corn & Wheat will Increase Market to > 500 MM Acres Trait Royalty Market (est.) for the 5 Crops & 6 Initial Traits is > $4 Billion Reducing Chemicals Like Fertilizers and Fungicides are $ Multi-Billion Multi-Crop Trait Royalty Markets $4.25 Billion Est. Trait Royalty Mkt. (All 5 Crops) Nutrient Use
Slide 16: Lead Trait: PSR: Pod Shatter Reduction - Canola
st Lead 1 Trait: PSR: Pod Shatter Reduction - Canola/WOSR Trait Fees Acres (est.): ~26 MM, Trait Royalty Market (est.): ~$200 Million Reducing Pod Shatter Strong Commercial Progress: Sclerotinia Increases Oil Seed Yield Developed & Shipping POD Shatter Reduction Resistance . Strengthens Sheath that
Slide 17: Our Blockbuster Trait: Sclerotinia White Mold Resistance
st Our 1 Blockbuster Trait Sclerotinia White Mold Resistance - Canola, Soybean Trait Fees Acres (est.): ~80 MM, Trait Royalty Market (est.): ~$650 Million Sclerotinia Resistance Canola/ Soybean Major Crops WOSR Increases Yields, Sclerotinia Resistance Reduces Fungicide use Molecular Confirmation Yes
Slide 18: Stacked Traits Crop Platforms
Stacked Traits Crop Platforms: Trait Machine Enables Stacking Multiple Traits in a Specific Crop st Canola is Cibus’ 1 Crop Platform, Royalty Potential > $800 MM Cibus Trait Royalty Trait Royalty Market (est.) Trait Fee Acres (est.) (per acre) ~$200 MM Pod Shatter (PSR) 26 MM $5-$10 Sclerotinia Resi
Slide 19: Sustainable Ingredients and P&G Collaboration
Sustainable Ingredients Addresses Global Drive to Transition Ingredients to meet Corporate Sustainability Objectives P&G Collaboration: A Model for Co’s with Climate 2040 Sustainability Goals Proctor & Gamble In Q1-2023, Cibus and P&G entered into a collaboration to develop sustainable low carbon in
Slide 20: Multi-Crop Blockbusters
Multi-Crop Blockbusters Traits that Address > 100 MM Acres with Trait Royalties of $5 to $15 per acre Blockbusters are Traits that Address Agricultural Sustainability at Scale Target Areas Resistance Traits Efficiency Traits Sustainable Ingredients CLIMATE CHANGE PLANT OUTPUTS Addressing the impacts
Slide 21: 2023 Highlights & Key Milestones
2023 Highlights & Key Milestones Trait Royalty Market (est.) for Cibus’ 6 Traits in Canola, Rice & Soybean is ~ $2 Billion Trait Products Soybean Canola - Shipments: Six PSR Trait Transfers - Complete Platform Development st (1 Transfer in Q1 2023) (H2 2023) - Green House Data: HT2, Sclerotinia - In
Slide 22: Disclaimer
Disclaimer Securities Law Matters This presentation has been prepared by Cibus Global, LLC (the Company ), and the Company Trade names, trademarks and service marks of other companies that appear are the property is responsible for its contents. It shall not constitute an offer, nor a solicitation o
Slide 23: Forward Looking Statements
Forward Looking Statements This presentation contains “forward-looking” statements within the meaning of applicable securities laws, including The Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “anticipate,” “believe,” “intend”, “expec
Slide 24: Cibus/Calyxt Cap. Structure
Cibus/Calyxt Cap. Structure
Slide 25: Cibus and Calyxt are Merging: New Ticker, CBUS
Cibus and Calyxt are Merging: New Ticker, CBUS Combines Leaders in Gene Editing in Agriculture Equity Split: Cibus 95%/Calyxt 5% See: Cibus.com for Announcement & Details Merger Combines Key Technologies in Ag. Gene Editing Productivity Traits Sustainable Ingredients Gene Edited Plants Plants, Micro