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MARCH 2020 Making Meat Right

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Page 1: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

MARCH 2020

Making Meat Right

Page 2: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

This presentation was prepared by MeaTech Ltd. (the “Company”), and is given to you only for the provision of concise information for the sake of convenience, and may not be copied or distributed to any other person. The data and information included in this presentation should not be interpreted as advice and should not be relied on for any purpose. Such data and information should not be copied or used except as expressly permitted in writing. This presentation does not purport to be comprehensive or to contain any and all information which might be relevant in connection with the making of a decision on an investment in securities of the Company. No explicit or implicit representation or undertaking is given by any person regarding the accuracy or integrity of any information included in this presentation. In particular, no representation or undertaking is given regarding the realization or reasonableness of any forecasts regarding the future chances of the Company. To obtain a full picture of the activities of the Company and the risks entailed thereby, see the full immediate and periodic

reports filed in connection with the Company with the Israel Securities Authority and the Tel Aviv Stock Exchange Ltd., including warnings regarding forward-looking information, as defined in the Securities Law, 5728-1968, included therein. The forward-looking information in the presentation may not materialize, in whole or in part, or may materialize differently than expected, or may be affected by factors that cannot be assessed in advance. For the avoidance of doubt, it is clarified that the Company do not undertake to update and/or modify the information included in the presentation to reflect events and/or circumstances occurring after the date of preparation of the presentation. This presentation is not an offer or invitation to buy or subscribe for any securities. This presentation and anything contained herein are not a basis for any contract or undertaking, and are not to be relied upon in such context. The information provided in the presentation is not a basis for the making of any investment decision, nor a recommendation or an opinion, nor a substitute for the discretion of a potential investor.

02MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

FORWARD LOOKING STATEMENT

Page 3: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

World consumption of proteins in general, and of meat products in particular, continues to rise.

The accelerated growth of demand for farm animals for the food industry creates massive environmental, health, financial and ethical problems .

Meat Tech is developing an alternative to conventional age-old farming methods.

Meat Tech plans to develop clean farming through an industrial cultured meat process, combined with 3D printing technology. All without harming animals.

03MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

INTRODUCTION

Page 4: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

04MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

MEAT MARKET SHOWS STEADY GROWTH

1750

1500

1250

1000

750

500

250

02016 2017 2018 2019 2020* 2021* 2022*

714814

9281056

1206

1375

1567

Mar

ket v

alue

in b

illion

US

dolla

rs

Global meat industry $946B USD in 2018 and wi l l reach $1,143B USD by 2023

Page 5: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

MARCH 2020© ALL RIGHTS RESERVED www.meaTech3d.com

IT’S UNSUSTAINABLE

Industrial farming has 4 inherent problems:

Page 6: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

06MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

THE ENVIRONMENTAL PROBLEM

+ 8% of the world's water is used for raising livestock for

meat and leather

+ 33% of croplands are used for animal feed

production.

+ At least 18% of the greenhouse gases entering the atmosphere are from the

livestock industry.

2. Problem

The meat indusry is highly pol lut ive:

33%18%8%

Page 7: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

07MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

Animals Slaughtered annual ly (US)

SHEEP

DUCKS

CATTLE

TURKEYS

CHICKENS

PIGS

7,781,609,673

235,987,266

36,882,737

24,160,006

6,990,150

112,987,266

THE ETHICAL PROBLEM

Page 8: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

+ Hormonal substances and antibiotics are used legally, and illegally, in livestock to manage animal growth and health (see avian flu, swine flu etc.)

+ Estradiol-17β, progesterone, testosterone, zeranol, trenbolone, and melengestrolacetate (MGA)

08MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

THE THENUTRITIONAL PROBLEM Industr ial farming is a potential health/healthcare issue

56 days of growth

Page 9: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

+ With global population rising and getting wealthier, demand for meat and protein will keep increasing

+ Today’s farming technologies cannot be expected to meet future demand sustainably

09MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

500 million

400 million

300 million

200 million

100 million

1961 1980 2000 2020 2040 2060

Eggs Sheep and goat

Beef and Buffalo

Pigmeat

Poultry

Global meat project ion to 2050

THE QUANTITY PROBLEM

Source: UN Food and Agriculture Organization (FAO)

Page 10: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

10MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

THE GREAT HORSE MANURE CRISIS OF 1894 Over-use of animals has been replaced by technology before

Page 11: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

MARCH 2020© ALL RIGHTS RESERVED www.meaTech3d.com

MEAT TECH’S TECHNOLOGY

Page 12: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

CULTURED CELLS 3D PRINTINGSTRUCTURED MEAT

12MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

MEAT TECH’S CELLULAR 3D

Page 13: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

An umbilical cord sample is taken without harming

the animal

A cell line isdeveloped forcontinued cellreproduction

Cells aredifferentiated into inks with different cell types such as

fat and muscle

The cell typesare accurately 3D

bioprintedto create the foundations for a true cut of meat

The 3D printed structures are

placed inincubators to

mature and grow

The finished'print' of meatis frozen andpackaged for

shipping

13MARCH 2020

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Initial cell sample Bioreactor growth Cellular ink 3D bioprinting Incubation Freezing & Packing

MEAT TECH A FULL TECHNOLOGY STACK

Page 14: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

Bioreactors

Bioprinting stages

Incubation

Packing

Loading

14MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

THE INDUSTRIAL PROCESSFrom cel ls to steaks: Manufacturing at scale

Page 15: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

15MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

MTC0001USP

MTC0002USP

MTC0001USP

MTC0005USP

Physical Manipulation of Cultured T issue

Harvesting Bovine Embryonic Inner Cell Mass Cells

Bioprinter Print Head

Cultured Edible Meat Fabrication Using Bioprinting

Intel lectual Property

MEAT TECH’S IP

MTC0001USP

MTC0002USP

MTC0001USP

MTC0005USP

Physical Manipulation of Cultured T issue

Harvesting Bovine Embryonic Inner Cell Mass Cells

Bioprinter Print Head

Cultured Edible Meat Fabrication Using Bioprinting

Intel lectual Property

MEAT TECH’S IP

Page 16: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

MARCH 2020© ALL RIGHTS RESERVED www.meaTech3d.com

THE NEW PROTEIN MARKET

Page 17: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

17MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

THE NEW PROTEIN COMPETITIVE LANDSCAPE

3D PRINTED STEAK

CULTURED MEAT

GROUND PATTY

PLANT BASED

Page 18: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

18MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

By 2040, conventional meat’s market share wi l l be halved

THE PROTEIN MARKET IS CHANGING

Cul tured meat (+41 )CAGR

2025-2040 Meat rep lacement (+9 )Convent iona l meat (-3 )Source: United Nations, World Bank, Expert interviews; A.T Kearney analysis

1 Numbers are rounded to hundred billions $US

Page 19: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

MARCH 2020© ALL RIGHTS RESERVED www.meaTech3d.com

ABOUT MEATECH

Page 20: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

20MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

SHARON F IMA

Sharon is an entrepreneur wi th over 20 years of

exper ience. Sharon was the founder and CTO of

Nano Dimension developing a complete desk-top 3D

pr int ing system for mult i layer PCBs. Pr ior to NNDM,

Sharon was R&D Integrat ion manager at XJet and an

R&D team leader at HP Indigo.

DANNY AYALON

Former Israe l i Ambassador to the Uni ted States

and Deputy Min ister of Fore ign Affa i rs, Member

of Knesset and advisor to three pr ime min isters.

Co-founder and Chairman of S i lver Road Capita l Ltd.

STEVE LAVIN

Mr. Lav in the Pres ident of Lav in & Gedvi l le , a

bout ique law f i rm. He serves as V ice Chairman of OSI

Group, LLC, a pr ivate ly he ld company and a g lobal

suppl ier of va lue-added food and meat products.

Steve is d i rector, genera l counsel and advisor to

Germin8 Ventures, LLC, and co-founder and di rector

of S i lverroad Capi ta l , Ltd. , a f inancia l and consul t ing

f i rm.

TEAM

CEO PENDING APPOINTMENT : CHAIRMAN PENDING APPOINTMENT : DIRECTOR

AMB.

Page 21: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

21MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

CHEMISTRYSHLOMO MAGDASSI

PROF.PROF.

Prof , Shlomo Magdassi is a professor of chemistry, at

the Casal iCenter for Appl ied Chemistry, the Inst i tute

of Chemistry and the Center for Nanoscience

and Nanotechnology at the Hebrew Univers i ty of

Jerusalem, Israe l . Prof . Magdassiholds the Enr ique

Berman Chair in Solar Energy. His research focuses

on col lo id sc ience, and in part icu lar on format ion,

formulat ion and appl icat ions of novel micro and

nanopart ic les.

BIOLOGYTAL DVIR

Prof . Dv i r obta ined h is degrees in Biotechnology

Engineer ing f rom Ben-Gur ion Univers i ty of the

Negev in Israe l . Prof . Dv i rcont inued h is postdoctora l

studies in the laboratory of Prof . Robert Langer in

the Department of Chemical Engineer ing at MIT.

OnOctober 2011 Prof . Dv i rwas recru i ted by the

Department of Biotechnology and the center for

Nanotechnology at Te l Av iv Univers i ty to establ ish the

Laboratory for T issue Engineer ing and Regenerat ive

Medic ine.

TEAM

Page 22: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

22MARCH 2020

© ALL RIGHTS RESERVED www.meaTech3d.com

GO TO MARKET

+ As the cellular agriculture sector matures the technology will be required by many players throughout the meat value chain.

+ Meat Tech will license technology rights to an end-to-end process to powerful commercial entities, farmers and meat producers.

Page 23: MARCH 2020 - 3D · Co-founder and Chairman of Silver Road Capital Ltd. STEVE LAVIN Mr. Lavin the President of Lavin & Gedville, a boutique law firm. He serves as Vice Chairman of

THANK YOU !

[email protected]

No Animals Were Harmedin the Making of This Slide Deck