October 2020
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OCTOBER 2020 MAKING MEAT RIGHT OCTOBER 2020 02 FORWARD LOOKING STATEMENT This presentation was prepared by MeaTech Ltd. (the “Company”), and reports filed in connection with the Company with the Israel Securities is given to you only for the provision of concise information for the sake Authority and the Tel Aviv Stock Exchange Ltd., including warnings of convenience, and may not be copied or distributed to any other regarding forward-looking information, as defined in the Securities Law, person. The data and information included in this presentation should 5728-1968, included therein. The forward-looking information in the not be interpreted as advice and should not be relied on for any purpose. presentation may not materialize, in whole or in part, or may materialize Such data and information should not be copied or used except as differently than expected, or may be affected by factors that cannot be expressly permitted in writing. This presentation does not purport to assessed in advance. For the avoidance of doubt, it is clarified that the be comprehensive or to contain any and all information which might be Company do not undertake to update and/or modify the information relevant in connection with the making of a decision on an investment included in the presentation to reflect events and/or circumstances in securities of the Company. No explicit or implicit representation occurring after the date of preparation of the presentation. This or undertaking is given by any person regarding the accuracy or presentation is not an offer or invitation to buy or subscribe for any integrity of any information included in this presentation. In particular, securities. This presentation and anything contained herein are not a no representation or undertaking is given regarding the realization basis for any contract or undertaking, and are not to be relied upon or reasonableness of any forecasts regarding the future chances of in such context. The information provided in the presentation is not a the Company. To obtain a full picture of the activities of the Company basis for the making of any investment decision, nor a recommendation and the risks entailed thereby, see the full immediate and periodic or an opinion, nor a substitute for the discretion of a potential investor. © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 03 INTRODUCTION World consumption of proteins, especially from meat products, continues to rise. The accelerated demand for animal protien creates massive environmental, health, financial and ethical problems. Meat Tech is developing an alternative to conventional farming that circumvents harming animals: clean farming through an industrial cultured meat process, combined with 3D printing technology. © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 04 DEMAND IS ON THE RISE © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 5 DEMAND FOR MEAT IS ON THE RISE Global meat projection to 2050 Eggs + As the world population 500 million Sheep and goat increases and becomes Beef and Buffalo wealthier, global demand for 400 million meat only grows. Pigmeat 300 million + Today’s farming technologies Poultry cannot meet future demand. 200 million 100 million 1961 1980 2000 2020 2040 2060 Source: UN Food and Agriculture Organization (FAO) © ALL RIGHTS RESERVED www.meaTech3d.com INDUSTRIAL FARMING HAS 3 INHERENT PROBLEMS: © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 2. Problem OCTOBER 2020 07 THE ENVIRONMENTAL PROBLEM The meat industry is highly pollutive 8% 18% 33% + 8% of the world's water is + At least 18% of the + 33% of croplands used for raising livestock greenhouse gases entering are used for animal feed the atmosphere can be traced production. back to the livestock industry. © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 08 THE ETHICAL PROBLEM Animals Slaughtered annually (US) 112,987,266 PIGS 7,781,609,673 CHICKENS 6,990,150 SHEEP 24,160,006 DUCKS 36,882,737 CATTLE 235,987,266 TURKEYS © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 09 THE NUTRITIONAL PROBLEM Industrial farming is a potential health/healthcare issue + Hormones and antibiotics are 56 days of growth used legally, and illegally, in animal husbandry to manage animal growth and health (see avian flu, swine flu etc.) © ALL RIGHTS RESERVED www.meaTech3d.com IT’S UNSUSTAINABLE! © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 OCTOBER 2020 11 THE GREAT HORSE MANURE CRISIS OF 1894 Over-use of animals has been replaced by technology before © ALL RIGHTS RESERVED www.meaTech3d.com MEAT TECH’S TECHNOLOGY © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 OCTOBER 2020 13 MEAT TECH’S CELLULAR 3D 3D PRINTING CULTURED CELLS STRUCTURED MEAT © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 14 MEAT TECH A FULL TECHNOLOGY STACK Initial cell sample Bioreactor growth Cellular ink 3D bioprinting Incubation Freezing & Packing An umbilical cord A cell line is Cells are The cell types The 3D printed The finished sample is taken developed for differentiated into and scaffolding structures are 'print' of meat without harming continued cell inks with different are accurately 3D placed in is frozen and the animal reproduction cell types such as bioprintedto create incubators to packaged for fat and muscle the foundations for mature and grow shipping a true cut of meat © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 15 MEAT TECH’S CELLULAR 3D Muscle Fat Structure Protein © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 16 THE INDUSTRIAL PROCESS From cells to steaks: Manufacturing at scale Bioreactors Incubation 3D Bioprinter © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 17 MEAT TECH’S IP Intellectual Property MTC0001USP62,903,879 Cultured Edible Meat Fabrication Using Bioprinting MTC0002USP62,871,438 Physical Manipulation of Cultured Tissue MTC0001USP62,934,582 Harvesting Bovine Embryonic Inner Cell Mass Cells MTC0005USP62,985,463 Bioprinter Print Head MTC0005USP63,035,904 BioprinterGrowth Support Print Head For Cell Culture © ALL RIGHTS RESERVED www.meaTech3d.com THE NEW PROTEIN MARKET © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 OCTOBER 2020 19 THE NEW PROTEIN COMPETITIVE LANDSCAPE 3D PRINTED STEAK PLANT CULTURED BASED MEAT NOT 3D PRINTED © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 20 THE PROTEIN MARKET IS CHANGING By 2040, conventional meat’s market share will be halved +3% 1 Numbers are rounded to hundred billions $US Source: United Nations, World Bank, Expert interviews; A.T Kearney analysis © ALL RIGHTS RESERVED www.meaTech3d.com ABOUT MEATECH © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 OCTOBER 2020 22 TEAM AMB. SHARON FIMA STEVE LAVIN DANNY AYALON CEO CHAIRMAN DIRECTOR Sharon is an entrepreneur with over 20 years of Mr. Lavin serves as Vice Chairman of OSI Group, Mr. Ayalon is the former Israeli Ambassador to experience in the printing industry. Sharon was the LLC, a privately held company and a global supplier the United States and Deputy Minister of Foreign founder and CTO of Nano Dimension (NNDM) and of value-added food and meat products. Mr. Lavin Affairs, Member of Knesset and advisor to three spearheaded the development of a complete desk- is the President of Lavin & Gedville, a boutique prime ministers. Mr. Ayalon is the co-founder and top 3D printing system for multilayer PCBs. Prior to law firm. Mr. Lavin is director, general counsel and Chairman of Silver Road Capital Ltd. NNDM, Sharon was the R&D Integration manager at advisor to Germin8 Ventures, LLC, and co-founder XJet and an R&D team leader at HP Indigo. and director of Silver Road Capital, Ltd., a financial and consulting firm. © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 23 TEAM PROF. PROF. TAL DVIR SHLOMO MAGDASSI BIOLOGY CHEMISTRY Prof. Dvir obtained his degrees in Biotechnology Prof Shlomo Magdassi is a Professor of Chemistry, Engineering from Ben-Gurion University of the Negev at the Casali Center for Applied Chemistry, the in Israel. Prof. Dvir continued his postdoctoral Institute of Chemistry and the Center for Nanoscience studies in the laboratory of Prof. Robert Langer in and Nanotechnology at the Hebrew University of the Department of Chemical Engineering at MIT. Jerusalem, Israel. Prof. Magdassi holds the Enrique Prof. Dvir was recruited by the Department of Berman Chair in Solar Energy. His research focuses Biotechnology and the center for Nanotechnology on colloid science, particularily on the formation, of Tel Aviv University to establish the Laboratory for formulation, and application of novel micro and Tissue Engineering and Regenerative Medicine. nanoparticles. © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 24 MEAT ALTERNATIVES PATH Organoleptic Properties 3D Printed cultured meat MEAT TECH'S Cultured Ground Meat + SUBSIDIARIES Plant Based Hybrid Meat Cultured Fat Cultured Meat + Plant Based 3D Bio - Printer Evolution Today © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 25 BUSINESS MODEL As the cellular agriculture sector + MEAT TECH'S SUBSIDIARY matures, Meat Tech's technology COMPANIES will be attractive to the entire meat + CAPEX value chain. + Meat Tech will license its end-to- end cultured meat technology process to food producers. + Meat Tech and subsidiaries will generate revenue from a variety of REVENUE REVENUE FROM cultured meat products. ROYALTIES © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 26 MEAT TECH 3D REVENUE STRATEGY BEEF POULTRY FISH PORK 3D Printing Technology Licensing Cultured Meat Manufacturing Site SUBSIDIARY Royalties Generated from Hybrid COMPANIES Products Animal Cell Growth Factors and Media Production Site IN R&D PROCESS IN THE WORKPLAN © ALL RIGHTS RESERVED www.meaTech3d.com OCTOBER 2020 27 MEAT TECH 3D STRATEGY In process Under LOI and investment Buy 100% 100% 100% 50/50 Buy 100% Goose and chicken LABOFISH will Chick&Tech will develop A manufacturing site for A company will develop fat production for develop fish cell lines poultry cell lines for the production of pro- plant strains to express the alternative meat and products for the the alternative protien teins and growth factors growth factors and pro- industry alternative protein industry industry.