Steakholder Foods Ltd. · NASDAQ:STKH
Steakholder Foods — Investor Presentation (December 2022)
37 slides from Steakholder Foods's investor presentation, December 2022
Slide 1: Investor Presentation December 2022
Investor Presentation December 2022 1
Slide 2: 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 Disclaimers include, without li
Slide 3: 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. 3
Slide 4: Steakholder Foods' Core R&D
Steakholder Foods’ Multi-species cell-based Core R&D manufacturing Advanced tissue engineering and differentiation capabilities High throughput 3D tissue engineering 3D printing and incubation 4
Slide 5: Making meat from animal cells for a growing global population
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. 5
Slide 6: Our Impact
OUR IMPACT Environmental impact Social Impact Business impact Safe, controlled process, high-quality Alignment with sustainable development 78%-96% less greenhouse gases nutrition goals and values 51%-78% less freshwater use Strengthening local economies Acceleration of industry collaboration 63%-95
Slide 7: Group structure
Steakholder Foods Ltd. Group structure Steakholder Steakholder Steakholder Foods USA, Inc. Innovation Ltd. Foods Europe BV 100% holdings 100% holdings 100% holdings Peace of Meat BV 100% holdings 7
Slide 8: Company highlights
IS i a S wl Oi\ ‘ é \ ) Company highlights NS
Slide 9: Company highlights
18 Of which 3 granted and one Patent allowed. Several trade applications secrets identified to date 80+ 74% R&D Employees 26% Other highlights Company $54M $34.5 million raised on Raised to Nasdaq in total date 9
Slide 10: Our team
Our mission is to make real meat sustainable. Our team Employee geographic presence: Israel “headquarters” Belgium USA 80+ Employees from over 20 countries 10
Slide 11: Management
Yaron Kaiser Management Arik Kaufman Guy Hefer Dan Kozlovski Co-Founder and Chairman Co-Founder and CEO CFO CTO Avraham Hampel Eitan Noah Orit Goldman, Ph.D. Itamar Atzmony Yair Ayalon Mor Glotter-Nov Peter Bodenheimer VP Corporate Development VP Finance VP Biology VP Engineering VP Business Develop
Slide 12: Meet our R&D experts
Advisors Meet our R&D experts Dan Kozlovski CTO Itamar Atzmony Orit Goldman, Ph.D. Prof. Shlomo Magdassi Prof. Tal Dvir VP Engineering VP Biology Chemistry Advisor Biology Advisor Timofey Shmal Tal Kalkstein Matan Livne Nadav Noor, Ph.D. Nelly Komarovsky, Ph.D. Yoni Moskovitz, Ph.D. 3D Printing Soft
Slide 13: Company Timeline
September 2019 August 2020 February 2021 March 2021 October 2021 December 2021 Company Initiates Company accomplishes Company acquires Peace of Company raises $28M and Company partners with the Company prints the largest activities in Israel “Project Carpaccio”, bio- Meat, a leading Belgian becomes
Slide 14: Alternative protein market overview
Alternative protein market overview 14
Slide 15: Huge market potential
Huge market Base case potential $240 billion in sales Market share of 9% by 2040 High-growth scenario $470 billion in sales Market share of 18% by 2040 Base case $450 billion in annual sales by 2040 High-growth scenario Market share of 20% by 2040 Source: Jefferies Equity research, September 2019. i
Slide 16: Evolving alt-meat landscape
Evolving alt-meat landscape Cultivated whole-cut premium meat Complexity Thin tissue of premium cultivated meat Cultivated hybrid products Plant-based alternative products * All hybrid and cultivated images are Steakholder Foods' original visuals. Time 16
Slide 17: Technology overview
Technology overview 17
Slide 18: From cells to food
From cells to food The journey Chicken nuggets made by Steakholder Foods Hamburger Fat Muscle made by Steakholder Foods Differentiation Hybrid products Muscle fibers Cultivated & plant-based Fat Cells Cell source Cell production 3D bioprinting Printed Meat Incubation & Maturation Structured Product
Slide 19: From cells to hybrid products
From cells to hybrid products The journey Chicken nuggets made by Steakholder Foods Hamburger Fat Muscle made by Steakholder Foods Differentiation Hybrid products Muscle fibers Cultivated & plant-based Fat Cells Cell source Cell production 3D bioprinting Printed Meat Incubation & Maturation Structur
Slide 20: Hybrid products
First stop Hybrid products Cultivated & plant-based ingredients hybrid products 20
Slide 21: From cells to meat
From cells to meat The journey Chicken nuggets made by Steakholder Foods Hamburger Fat Muscle made by Steakholder Foods Differentiation Hybrid products Muscle fibers Cultivated & plant-based Fat Cells Cell source Cell production 3D bioprinting Printed Meat Incubation & Maturation Structured Product
Slide 22: The road to structured meat
The road to structured meat Muscle Fat Differentiation Capabilities Native muscle fiber structure Native Fat cell structure Native 100 μm Tissue 100 μm 100 μm Bovine satellite cells derived muscle cells Bovine adipose stem cells derived fat cells Steakholder Foods Tissue MHC Bodipy Hoechst Phalloidi
Slide 23: The road to structured meat: muscle differentiation
Bef o re d i f f eren t i at i o n i n d uct i o n The road to structured meat Differentiation Capabilities Muscle Differentiation D a y 7 o f d ifferen t iat i o n Maturation D ay 14 o f d i f f eren t i at i o n 23
Slide 24: The road to structured meat: structured products
The road to structured meat Structured Products 3D Bio-printing 24
Slide 25: Printing real meat
Sep. 2022 achievement: Steakholder Foods’ Omakase Beef Morsels Next stop Printing real meat End of 2021 achievement: Steakholder Foods’ 104-gram printed steak 25
Slide 26: 18 patent applications submitted (4 granted/allowed)
Steakholder Foods’ IP 18 patent applications submitted (4 granted/allowed) 1 Physical manipulation of cultivated tissue 6 3D-printing high resolution support structures 2 Growth support for cell culture 7 Muscle stem-cell fusing process 3 Harvesting bovine embryonic inner cell mass 8 Adipocytes diff
Slide 27: Strategy & business model
Steakholder Strategy & business model
Slide 28: Competitive landscape
Competitive Structured landscape* meat 1 Species Various Species Ground * To the best of our knowledge, based on publicly-available information . 28 products
Slide 29: Building blocks for market penetration
Building blocks for market penetration Scale & Cost Regulation Singapore Already approved cultured meat for sale in restaurants The first cultivated burger* Planned submission ~$330,000 / (~140g) H1 2023 Created by Mark Post ~$2,360,000/kg * FDA moved toward initial USA approval of cultivated meat*
Slide 30: Main Activity Plan 2023
Main Activity Plan 2023 H1 2023 H2 2023 2024 Animal-Free SFA USDA & FDA 1st strategic Scale-up First x Growth Media Regulatory Regulatory bio-printer production Revenue and Bio-Ink Submission Submission engagement initiation Stream Printing structured fish The capital raised will support these ongoi
Slide 31: Go-To-Market Strategy
Go-To-Market Strategy 2023 Plant-based 2024 Plant-based & Hybrid 2025 Cultivated Structured Meat 2026 Cultivated Structured Meat Customers B2B → Manufacturers B2B → Manufacturers & Distributors B2B2C → Flexitarians B2B2C → Flexitarians Products Steakholder Foods 3D bio-printer Aims to be the industr
Slide 32: Why Steakholder Foods?
Why Steakholder Foods? 1 4 Advanced development and Highly differentiated value IP base, backed by numerous proposition leveraging patent applications engineering and 3D bio- printing capabilities 2 5 Nasdaq public listing allows Leading brand name in the everyone to become cultivated meat industry
Slide 33: Thank you
Steakholder FooDs Thank you
Slide 34: Appendices
Steakholder
Slide 35: Balance Sheet
Investor deck_December22 Balance Sheet ($, millions) Sep 30, 2022 Current assets 12.1 $ 11.2 m Non current assets 21.1 Total assets 33.2 Current liabilities 5.6 in cash and cash equivalents Non current liabilities 3.2 Total liabilities 8.8 no bank debt and substantial IP R&D assets Equity 24.4 Total
Slide 36: Pre-Offering Capitalization Table
Pre-Offering Capitalization Table As of December 5, 2022 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
Slide 37: Our commitment to the 17 UN sustainable development goals
Our commitment to Sources: ***, United Nations Department of the 17Economic UNandsustainable Social Affairs development goals Source: UN Department of Economic & Social Affairs 37
Steakholder Foods — Investor Presentation (December 2022) on 6ix