Kalera Public Limited Company · OTC:KALRQ
Kalera Public — Kalera — Q1 2022 Earnings Presentation
16 slides from Kalera Public's earnings presentation, May 19, 2022
Slide 1: Q1-2022 Earnings Presentation, 19 May 2022
Q1-2022 Earnings Presentation, 19 May 2022
Slide 2: Disclaimer
Disclaimer This presentation (hereinafter referred to as the "Presentation") has been prepared by Kalera Group ("Kalera" or the "Company”) exclusively for information purposes, and is only directed at, persons to whom such presentation may lawfully be communicated (’relevant persons’). Any person wh
Slide 3: Q1-2022 and Up-to-Date Highlights
Q1-2022 and Up-to-Date Highlights Sales & Marketing Operations ✓ Continued Sales Increase: Record sales of $1.5 million, a ~20% ✓ Financial Performance: Adjusted EBITDA during Q1-2022 was increase sequentially, and ~335% compared to Q1-2021 – no ($10.2) million vs. ($9.3) million during Q4-2021 driv
Slide 4: Q1-2022 and Up-to-Date Highlights (Cont'd)
Q1-2022 and Up-to-Date Highlights (Cont‘d) Agrico Merger Financing Alternatives On 31 January 2022, Kalera Announced the Merger with Agrico ✓ Asset and Capital Light Strategy Underway: Kalera successfully executed the first transaction regarding its asset ✓ On 31 January 2022, Kalera announced the p
Slide 5: New President and Chief Executive Officer for Kalera Group
New President and Chief Executive Officer for Kalera Group On 16 May 2022, Jim Leighton joined Kalera as President and Chief Executive Officer. Interim CEO, Curtis McWilliams, will continue his leadership with Kalera as Chairman of the Board after completing the Luxembourg merger ✓ With well over 20
Slide 6: US Foods Strategic Partnership – Driving Sell-Out for Kalera US
US Foods Strategic Partnership – Driving Sell-Out for Kalera US On 18 May 2022, Kalera announced a strategic partnership with US Foods, one of North America’s largest foodservice operators. The agreement covers our entire product range and will accelerate US sell-through rates targeting $100+ millio
Slide 7: Kalera Brand Relaunch in April
Kalera Brand Relaunch in April Kalera The cleanest lettuce in the world grown indoors in perfect conditions for 50% more nutrients without harmful sprays. Find out more at Kalera.com During the month of April, Kalera launched its new brand identity, including a new logo and entirely new look and fee
Slide 8: Our Why: We are Ready for a Third Wave of Farming
Our Why: We are Ready for a Third Wave of Farming WAVE 1 WAVE 2 WAVE 3 Industrialized production Organic production Vertical farmed of greens (greenhouse) of greens production of greens It is time to bring the third wave of fresh greens to consumers and replace a non-working food system. Our planet
Slide 9: The New Kalera Look & Feel
The New Kalera Look & Feel Kalera Fresh local greens. Harvested from urban vertical farms. Kalera.com 9 Q1-2022 Earnings Report
Slide 10: Q1-2022 Financial Results
Q1-2022 Financial Results Income Statement Three months ended Consolidated, Unaudited ($ in thousands) 31-Mar-22 31-Mar-21 ✓ Revenue during Q1-2022 increased to $1.5 million driven by increases at both retail and foodservices. Revenue for the quarter Total revenue 1,477 339 was mainly generated from
Slide 11: Q1-2022 Financial Results (Cont'd)
Q1-2022 Financial Results (Cont’d) 31-Mar-22 31-Dec-21 Statement of Financial Position Equity and liabilities Consolidated, Unaudited ($ in thousands) Share capital 206 206 Share premium 320,297 320,297 Shares to be issued 8,249 8,249 31-Mar-22 31-Dec-21 Share-based compensation 5,540 4,353 Assets O
Slide 12: Q1-2022 Financial Results (Cont'd)
Q1-2022 Financial Results (Cont’d) Statement of Cash Flows Consolidated, Unaudited ($ in thousands) ✓ Cash used in operating activities was $13.5 million during Q1-2022 Three months ended driven by operations at the Atlanta, Houston, Denver, and Kuwait 31-Mar-22 31-Mar-21 farms and Kalera’s HQ vs. $
Slide 13: Upcoming Projects
Upcoming Projects St. Paul & Seattle Singapore, Columbus, & Hawaii ✓ The St. Paul and Seattle facilities are scheduled to open during ✓ Phase two in Singapore begins later than expected primarily the second half of 2022 due to supply chain delays affecting critical mechanical components but with sig
Slide 14: 2022 Timeline
2022 Timeline WEEK OF OCT. 24, 2021 JAN. 25 JAN. 31 MAR. 4 APR. 4 APR. 14 APR. 29 MAY 12 MAY 13 MAY 16 MAY 16 Sale and Leaseback Secured Convertible Farm Credit Loan Agrico EGM Jim Leighton Agreement with Bridge Loan Facility and Security shareholder appointed as CEO Modiv Inc. signed Agreement sign
Slide 15: Executive Summary
Executive Summary Based on the progress achieved during Q1-2022 and Up-to-Date, the key takeaways are: CEO ✓ New President and Chief Executive Officer for Kalera US Foods ✓ Key strategic agreement with a target of $100+ million in sales during the next 5 years Operations ✓ Growing capacity utilizati
Slide 16: www.kalera.com
www.kalera.com