APP- TO- DOOR DINING FOR THE ON- DEMAND GENERATION.

TSX-V: JK CORPORATE PRESENTATION – APRIL 2021

1 Disclaimer, confidentiality and forward-looking statements

The Presentation contained in this document has been prepared by Just Holdings Corp. using its best efforts to realistically and factually present the information contained. However, subjective opinion, dependence upon factors outside Just Kitchen Holdings Corp’s control and outside information sources unavoidably dictate that Just Kitchen Holdings Corp. cannot warrant the information contained to be exhaustive, complete or sufficient. In addition, many factors can affect the Presentation which could significantly alter the results intended by Just Kitchen Holdings Corp., rendering the Presentation unattainable or substantially altered. Therefore, interested users should conduct their own assessment and consult with their own professional advisors prior to making any investment decisions.

This Presentation does not constitute a prospectus or public offering for financing, and no guarantees are made or implied with regard to Just Kitchen Holdings Corp. proposed ventures.

Confidentiality: The Presentation is being disclosed to the user for the user’s discussion, review, and/or evaluation only. The user agrees to hold the Presentation, and all related information and discussions, in strict confidence, except that user may disclose the Presentation to a limited number of advisors and employees of the user to the extent necessary for user to adequately evaluate the Presentation. User warrants that any such persons shall be advised of the confidential nature of the Presentation before gaining access to the same and that no such advisor or employee shall use or disclose the Presentation except as permitted by this Agreement.

Projections: The presentation’s financial and other projections have been prepared using assumptions and hypotheses created by Just Kitchen Holdings Inc. management based on information provided to them and through due diligence. The assumptions used in the preparation of the projection reflect management’s intended of action for the projection period based upon management’s judgement as to the most probable setoff economic conditions if the assumptions they consider most likely are realized. The assumptions may not necessarily be the most probable and are based upon information existing as at the date of this presentation.

The assumptions are those that management believes are significant to the projection. Some assumptions may not materialize, and unanticipated events and circumstances may occur subsequent to the date of this projection; therefore, the actual results achieved during the projection period may vary materially from the projections.

This projection is based on our assumptions and there is a major risk that actual results will vary, perhaps materially, from the results projected.

2 Ghost – an emerging industry estimated to be worth $1trillion by 20301

Problem: Brick and mortar are costly to open and operate:

§ 3-6% profit margins on average2 DELIVERY-ONLY § Failure rate of 70% within 3-5 years of opening3 (pre-pandemic) CUSTOMERS

Solution - Ghost kitchens:

§ Commercial kitchens operating “delivery-only restaurants” § No customer-facing storefront (, pick-up counter) TAIPEI CITY § are ordered / delivered through apps or online

§ Advertise to customers through social media channels / apps

§ Eliminates / reduces overhead costs such as front of house staff, rent, real estate, electricity, etc.

1. Euromonitor, 2020 2. Lab, 2019. 3. Hong Kong Business, Delivering the Virtual of Tomorrow, October 2019. 3 Market overview – online delivery

The “new normal” of dining – even before the pandemic, consumer preferences were shifting toward online delivery.

ONLINE VS. OFFLINE SHARE OF GLOBAL ONLINE FOOD 2019 ONLINE FOOD DELIVERY MARKETS (%)1 DELIVERY MARKET (2020 – INDUSTRY IN ASIA3 2023)2 USD USD $53 42 53 47 BILLION 64 58 $154 73 83 = nearly 50% 92 92 89 BILLION of global USD demand. 58 47 53 36 42 $111 27 17 BILLION 8 8 11 60% of Americans order food 2 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 2023 times per week4, which accounts for: Offline (call-in delivery, walk-in orders) 11.5% CAGR Online (via web or app) 20.7 Billion Meals / yr.

1. McKinsey & Company, The changing market for food delivery, 2016 2. Research and Markets, 2019 3. Hong Kong Business, Delivering the Virtual Restaurant of Tomorrow, Oct 2019 4. Upserve, 2020 44 Company highlights – the opportunity

§ Seasoned management team: extensive F&B and e- commerce expertise, history of multiple high-profile take-outs (Milk & Eggs to , Guitar Hero to Activision Blizzard).

§ “Ghost Kitchens 2.0”: Technology, Content, Kitchen Infrastructure and Standard Operating Procedures.

§ Exponential revenue growth: 30+ spokes by end of 2021.

§ Poised for rapid global expansion: planning to expand to Hong Kong, the Philippines, the United States, and Singapore in 2021.

§ Capturing a larger market share: offering 15 exclusive in- house brands, 5 franchise brands, various price points, grocery delivery.

5 Leadership team

EXECUTIVE OFFICERS INDEPENDENT DIRECTORS Jason Chen, Co-Founder, CEO, President, and Director: 25+ Kai Huang, Co-Founder: Creator of Guitar Hero & years top-level F&B management, Founder of Bayshore Pacific Co-Founder & CEO of RedOctane (acquired by Hospitality Ltd with combined revenue of over $100 million. Activision Blizzard); Co-Founder & CEO of Blue Goji; Co-Founder & CEO of Adux Software. Kent Wu, COO & Director: 20+ years e-commerce and logistics experience; founder of e-commerce grocery platform Milk and Freddie Liu: Partner at Purestone Capital Group; Eggs (acquired by GrubHub); three past successful exits. CSO of TPK Holdings – currently one of the world’s largest makers of touch screens for mobile phones and John Yu, CMO: 15+ years digital marketing; founder of multiple tablets; former head of Real Estate unit at Citibank. consumer brands across numerous industries. Darryl Cardey: Chartered Professional Accountant Mark Lin, CTO: 10+ years in business development and previously with KPMG; director and financial advisor to operations management for info tech and payment processing public and private companies in the resource and technology sectors. companies in North America and APAC. Darren Devine: Co-Principal of CDM Capital Partners; Yang Liu, CSO: 15+ years in corporate development for advisor to numerous multinational M&A transactions publicly-traded companies in the Food & Beverage Industry. and IPOs. Adam Kniec, CFO: Former CFO of 10+ companies in industries including software development, casinos, gaming.

6 “Ghost Kitchens 2.0” – uniquely positioned across the value chain

JustKitchen’s “Ghost Kitchens 2.0” vs. peers: § Built-out network of kitchen infrastructure § Technology-enabled § Operational expertise and established SOPs (Standard Operating Procedures) § Content-rich portfolio of brands

Infrastructure Proprietary Expertise / Virtual Franchise Provider Software SOPs Brands

7 JustKitchen – optimized ghost kitchens in a unique hub-and-spoke model

§ Hubs = full-scale commercial kitchens that semi- prepare food items

§ Spokes = smaller “finishing” kitchens that complete Spoke meals for delivery § Orders automatically routed to spoke kitchen nearest to customer Spoke

Advantages: Hub § TAIPEI Extends reach / customer base – typical ghost CITY kitchens limited by “delivery radius” of 4- 5 km § Higher margins & efficiencies § Efficient output – food is ready for delivery in 5 mins Spoke and delivered in 20-30 mins § Standardized kitchens and preparation methods = Spoke consistent food quality & safety

8 JustKitchen – proprietary tech stack for optimizing ghost kitchens

B2C Ordering Operations Knowledge Store / Brand App Software Transfer / Training Integration

§ Loyalty / rewards § Kitchen OSTM spoke § VTS (virtual training § Store level program software system) management

§ Exclusive brands § Day-to-day operations § Remote training / § Brand & control

§ Gamification § Live reporting & administration § Performance analytics analytics § Remote brand § Asset tracking deployment

9 Data stack – leveraging data to create value

Customer data informs menu creation § Improves supply chain management, aids marketing and development of new brands § Predictive analytics through data aggregation from multiple sources § Leveraging data for agile business strategy development

Menu Creation Hub Spokes Delivery CustomerDeligDelig htht

25% customer feedback & data to create menus & project demand

10 Brands that are tailored – offering customers more $$$variety

$$$ § Price points: $ $$$ Partner Brands § types: Western Asian § Round-the-clock meal offerings In-House Brands § Demographically designed & targeted menus § Agility of brands = digital real estate § Branded grocery items Asian Western Cuisine Cuisine

$

11 Taiwan - first step to global expansion

PROOF OF SCALABLE HIGH MARKET BUSINESS MODEL EXPOSURE

§ Cost efficient to start a § USD $16 Billion business dining market, § Mature market to test growing and scale up globally 17 years consecutively § Mostly lockdown-free during COVID § Established food & beverage industry § High Density (24 million JustKitchen’s expansion plans for 2021 include: people on a 36,193 km2 island) Hong Kong North America

Philippines Singapore

12 Sample – economics and growth trajectory

Economics (per mature spoke) Planned global spoke kitchen openings - 2021

Country Taiwan Capital cost per Spoke $150,000

Average daily orders per Spoke* 250

Average dollar amount per order $15.00 Annual gross revenue per Spoke (365 days) $1,368,750 Operating profit per Spoke $273,150 Operating profit margin 20% One-Year ROIC 82%

*Spoke capacity in Taiwan expected to range from 300 to 400 orders per day.

13 Timeline – target milestones

YTD By IPO 2021 2020

þ Obtain seed capital, incl. þ Launch JustMarket grocery þ Continue core data Launch proprietary meal ordering from Sparklabs delivery as a new business line technology build-out app þ Complete initial Board þ Grow to 11 in-house food þ Grow to 13 Spokes Launch customer loyalty/rewards appointments brands/menus program þ Grow to 14 in-house þ Operate with one Hub and þ Partner with new third- food brands/menus 22 Spokes in Taiwan (35 Spokes in four Spokes parties/restaurants Taiwan by 2022) þ Grow to two Hubs in þ Secure key employees and þ Grow to 8 Spokes Taiwan Expand to Hong Kong, Singapore strategic advisors Expand to USA, Philippines

14 Cap table and comparables

Cap Table: JustKitchen Comparable Valuations (April 6, 2021) Market Cap TEV/Rev Rev Growth (C$ millions) 2021 2022 21-22 Basic Shares Outstanding 59,162,288 DoorDash (DASH-US) $53,776 10.3 8.2 26% Options & RSUs 6,715,000 PLC (OCDO-LON) $26,859 5.5 4.7 16% Takeaway.com (TKWY-AMS) $17,777 3.2 2.6 22% Performance Warrants 10,000,000 Grubhub Inc. (GRUB-US) $7,426 2.8 2.4 17% Management Team, Board, Employees 50% Corp. (FOOD-CA) $635 1.7 1.4 20% Estimated Working Capital (IPO) $6,000,000 HelloFresh S.E. (HFG-FRA) $16,628 2.4 2.1 15% Blended Peer Average 3.7 3.1 19%

15 JustKitchen – making global headlines

16 Thank you.

INVESTOR RELATIONS SEE OUR KITCHENS JASON CHEN [email protected] Watch Video: President & CEO investors.justkitchen.com [email protected]

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