We are developing the sustainable cultured meat factories of the future. These B2B factories target multi-species cell-based agriculture and 3D ...
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FEBRUARY 2021
PI O N E E R I N G M E AT 2 .0
We are developing the sustainable
cultured meat factories of the future.
These B2B factories target multi-
species cell-based agriculture and
3D bioprinting to produce a range
of cultured meat products, including
steak.
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2
D ISCL A IM ER S
This presentation was prepared Meat-Tech 3D Ltd. ("MeaTech" or reports filed in connection with the Company with the Israel
the “Company”), and is given to you only for the provision of concise Securities Authority and the Tel Aviv Stock Exchange Ltd., including
information for the sake of convenience, and may not be copied or warnings regarding forward-looking information, as defined in
distributed to any other person. The data and information included the Securities Law, 5728-1968, included therein. The forward-
in this presentation should not be interpreted as advice and should looking information in the presentation may not materialize, in
not be relied on for any purpose. Such data and information should whole or in part, or may materialize differently than expected, or
not be copied or used except as expressly permitted in writing. This may be affected by factors that cannot be assessed in advance.
presentation does not purport to be comprehensive or to contain For the avoidance of doubt, it is clarified that the Company do not
any and all information which might be relevant in connection undertake to update and/or modify the information included in
with the making of a decision on an investment in securities of the presentation to reflect events and/or circumstances occurring
the Company. No explicit or implicit representation or undertaking after the date of preparation of the presentation. This presentation
is given by any person regarding the accuracy or integrity of is not an offer or invitation to buy or subscribe for any securities.
any information included in this presentation. In particular, no This presentation and anything contained herein are not a basis for
representation or undertaking is given regarding the realization or any contract or undertaking, and are not to be relied upon in such
reasonableness of any forecasts regarding the future chances of the context. The information provided in the presentation is not a basis
Company. To obtain a full picture of the activities of the Company for the making of any investment decision, nor a recommendation or
and the risks entailed thereby, see the full immediate and periodic an opinion, nor a substitute for the discretion of a potential investor.
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3
CONVE N TION A L - M EAT 1.0
R E S OURCE-IN T EN SIVE INPUTS AN D COSTLY ENVIRO N MEN TAL O UTPUTS
LAND & FEED EMISSIONS
33% of croplan ds 1 8% of a t m os p h e ri c
dedicated fo r gre e n h ou s e ga s e s ,
OUTPUTS
INPUTS
animal feed i n a d d i t i on to
e ffl u e n t a n d r u n off
WATER RESOURCES MEAT PRODUCTS
LIVESTOCK
8% of global I n 201 8 , a p p rox i ma te l y
f res hwater supply 72 b i l l i on a n i ma l s we re
dedicated to raisin g s l a u gh te re d
Source: Food and Agriculture Organization of the United Nations ; Our World in Data
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C E L LUL A R AG RICU LTUR E - M EAT 2 .0
R A DI CALLY M ORE SUSTAIN ABLE: SL AUGHT ER- F REE AN D REDUCED EMIS S IO N S
STEM CELLS & MUSCLE
CELLS
CELL MEDIA
Eff icient use o f S te m ce l l s a re
OUTPUTS
INPUTS
cell m edia d i ffe re n t i a te d i n to
mu s cl e ce l l s
CLEAN ENERGY FAT CELLS
BIOREACTORS
S te m ce l l s a re
d i ffe re n t i a te d i n to
fa t ce l l s
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5
EXPECTE D POSITIVE I M PACT
ON SU STA INABI L I TY
CO NVENT ION AL FARM IN G COM PARED TO CULTURED MEAT PRO DUCTIO N
WATER USE CO 2 EMISSIONS LAND USE
CONVENTIONAL
MEAT (1KG) 16,000 LITERS 14 KG 160 M 2
CULTURED 2,500 LITERS 3 KG 1.6 M 2
MEAT (1KG)
Source: CB Insights, Water Footprint Network, Business Insider, Forbes, Expert Interviews.
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The above illustration depicts our current expectations for the development our technologies and processes.
SUSTAI N ABI LI TY: Cl ean er, m o re recycl ab l e i np ut s
M E AT 2 .0 SUPPLY CHAI N : Sh o r ten ed an d si m p l i f i ed
P OT EN T IA L A DVA N TAGE S
FOOD SECURI TY: Exp o n ent i al an d just- i n- t i m e p ro d uc t i o n
FO R T H E M EAT IN D U STRY
2 .0 PROD UCTS : N ew i n g red i ent s an d p ro d uc t c ateg o ri es
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CULTU RE D ME AT FOR ECAST
T H E FAST EST GROWING ALT ERNATIVE PROTEIN S EG MEN T
%
%
%
%
%
%
%
%
%
CAGR: PLANT BASED
Source: A.T. Kearney analysis
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CU R R E N T ME AT A LTE RNATIVES L AND S CAPE
PROD UCTS AND COM PETITO RS
O R G A N O L EPT IC
PR OPERT IES
+
+ +
Ne st le Cu b i q Fo o ds M osa Meat
M o rnin g S t a r Pea ce Of M ea t M emph i s Meats
B eyo n d M ea t Ea t J u s t I n c . A l eph Farms
I m po ss i b l e Fo o ds Fu t u re M ea t
Ke llo gg's S u p e rM ea t
T IM E TO M A R K E T
TODAY EMERGING NASCENT
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CU LTU R E D ME AT
PR OD U CT I ON COSTS
EXPECT E D TO FA L L
C E L L CU LTU R E ME DIA IS THE KEY COST
DR IVER FOR C E L LU L A R AGRICULTURE
Cell culture media is the nutritional liquid cells require
to grow and proliferate.
The price of cell media is projected to fall dramatically
over the coming years.
This opens the route to cost parity with traditional
meat production.
Source: The Good Food Institute
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R EG U L ATORY PROGRE S S - CULTUR ED M EAT
R EGU L ATORS AROUN D T HE WORLD APPEAR TO B E TAKIN G A P O S ITIVE STAN CE
TOWARD S CULTURED MEAT
CHINA
Positive announcements
USA EU
An initial formal agreement Requires ‘novel food’ and
between the USDA and FDA food safety applications
to oversee the production and
labeling of cultured meat
SINGAPORE
Already approved cultured
meat for sale in restaurants
Source: Sources: Congressional Research Service; Regulation (EU); Food Navigator Asia; Singapore Food Agency
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MEATECH'S
M E AT EC H ' S B 2 B
TECHNOLOGY
PRODUCTION PROCESS
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FACTORY OF THE F UTUR E
A VI S I ON OF A M ULT I-SPECIES , M ULT I-PROD U CT, H IG H -VO LUME CULTURED MEAT
PROD UCT ION PL AN T
The above illustration depicts our current expectations for the development our technologies and processes.
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ME ATECH ’ S COR E R & D
SCALING UP CELL-BASED
PROTEIN
PL A NNE D BI O RE ACTO R SYSTEMS & PROCES S ES
Multi-species biomass production
technologies:
• Fat
• Muscle
DEVELOPING HIGH THROUGHPUT
3D TISSUE ENGINEERING
PL A N N ED T I SSU E PR I N T I N G & I N CU B AT I O N
• Scaffold materials
• Bio-ink formulations
• Software development
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M E AT EC H ’ S CE LL- B A SED PR OC ES S VI S I ON
PROD UCIN G CULTURED FAT AN D MUS CL E CEL LS
FAT MUSCLE
CELL COLLECTION GROWING CELLS DIFFERENTIATING GROUND PRODUCTS
CELLS
Cell lines are Stem cells are transferred Upon reaching sufficient Unstructured cell-based
developed to reliably to bioreactors for cell quantities, stem cells products (beef or chicken):
express particular exponential growth under are differentiated into fat fat, ground, hybrid or
characteristics. ideal conditions. and muscle cells. formed.
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M E AT ECH ' S CU LTU RED STEAK VI S I ON
A FLEXIBLE M ANUFACTURIN G PROCE S S FO R 3D PRIN TED TIS S UE
FAT MUSCLE
BIO-INKS 3D BIOPRINTING INCUBATION STRUCTURED
MEAT
Bio-inks formulated from Bio-inks are accurately Printed product is Produced in fraction
our cell lines and unique printed to assemble cells incubated to mature and of time required to
scaffolding materials are as they would be found form tissue. achieve same cut via
loaded into our 3D in a conventional cut of conventional means.
bioprinter. muscle.
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TA R G E T I N G A LL CU LTU RED M EAT CATEGOR I ES
+ +
O R G A N OL EPT IC
3D PRINTED
PR O PE RT IES C U LT U R E D M E AT
+
+ +
3 d b i o p ri n te r
T IM E TO M A R K E T
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U S E O F F U N DS:
U P S CA L IN G PATHWAY
Manufacturing plant
S CA L I N G OU R TEC HNOLOGY FROM THE L AB TO AN IN D USTRIA L
PR O C E SS FO R L A R GE -SCALE PROD UCTION OF M EAT 2 .0 PRODU CTS
Key criteria are:
• Capabilities of the cell line being used
Pilot plant
• Formulation of the cell-culturing media and reduction in costs
• Management of the bioreactor hardware
In 2020, MeaTech employed lab-scale bioreactors to produce
muscle and fat cells for experimental tissue bioprinting.
Lab scale
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ME ATECH'S
IN TE LL ECTUAL PR OPERTY
PAT ENT PORTFOL IO
Cultured Edible Meat Harvesting Bovine
Fabrication Using Embryonic Inner Cell Mass
Bioprinting
Physical Manipulation of Bioprinter Print Head
Cultured Tissue
Growth Support For Cell Bovine Umbilical Cord
Culture Stem Cells As Feeder Layer
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OU R LE A D ER S HI P
SHARON FIMA OMRI SCHANIN STEVEN H. LAVIN GUY HEFER
CEO & CO-FOUNDER COO & CO-FOUNDER CHAIRMAN CFO
Sharon is an entrepreneur with Omri is a co-Founder of MeaTech Mr. Lavin serves as Vice Chairman Guy has broad international business
over 20 years of experience in and its astute COO focused on of OSI Group, LLC, a privately held experience with a successful track
the printing industry. Sharon supporting cross-functional teams to company and a global supplier record of transaction generation and
was a co-founder and the CTO see R&D achieve commercialization. of value-added food and meat execution. Prior to joining MeaTech
of Nano Dimension (NNDM) and Omri has a successful history of products. Mr. Lavin is the President Guy was the CFO of a tech-focused
spearheaded the development of entrepreneurship in a variety of of Lavin & Gedville, a boutique law holding company. Prior to that
a complete desk-top 3D printing high-tech sectors, with excellent firm. Mr. Lavin is director, general Guy was an investment banker for
system for multilayer PCBs. Prior leadership, organizational skills, counsel and advisor to Germin8 Leumi bank in Israel and Barclays
to NNDM, Sharon was the R&D and strategic planning. Omri is an Ventures, LLC, and co-founder and investment Banking Division in Israel
Integration manager at XJet and accomplished Israel Defense Forces director of Silver Road Capital, Ltd., and in the UK. Guy holds a BA in
an R&D team leader at HP Indigo. Deputy Naval Commander of a a financial and consulting firm. Accounting & Economics from Tel
missile ship. Aviv University.
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OU R A DVI S OR S
AMB. DANNY AYALON PROF. SHLOMO MAGDASSI PROF. TAL DVIR
DIRECTOR CHEMISTRY BIOLOGY
Former Israeli Ambassador to the Prof. Shlomo Magdassi is a Professor Prof. Dvir obtained his degrees
United States and Deputy Minister of Chemistry, at the Casali Center in Biotechnology Engineering
of Foreign Affairs, Member of for Applied Chemistry, the Institute from Ben-Gurion University of
Knesset and advisor to three prime of Chemistry and the Center for the Negev in Israel. Prof. Dvir
ministers. Co-founder and Chairman Nanoscience and Nanotechnology continued his postdoctoral studies
of Silver Road Capital Ltd. at the Hebrew University of in the laboratory of Prof. Robert
Jerusalem, Israel. Prof. Magdassi Langer in the Department of
holds the Enrique Berman Chair in Chemical Engineering at MIT.
Solar Energy. His research focuses Prof. Dvir was recruited by the
on colloid science, particularly on Department of Biotechnology and
the formation, formulation, and the center for Nanotechnology of
application of novel micro and Tel Aviv University to establish the
nanoparticles. Laboratory for Tissue Engineering
and Regenerative Medicine.
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ME ATECH G R OUP
TA R G ETI NG A BR OA D R ANGE OF CELL TYPES AND CULTURED PRO DUCTS TH RO UG H R&D AN D ACQ UIS ITIO N S
MEATECH GROUP SPECIES
COMPANY TYPE CURRENT STRATEGY FOR THE FACTORY OF THE FUTURE
MAMMALIAN
FAT MUSCLE HYBRID GROUND PROCESSED STRUCTURED
CELLS CELLS PRODUCTS MEAT MEAT 3D PRINTED
AVIAN
A M ea Te ch co m pany FAT MUSCLE HYBRID GROUND PROCESSED STRUCTURED
*acquired Feb 2020 CELLS CELLS PRODUCTS MEAT MEAT 3D PRINTED
Ex p l ori n g p ote nt i a l
A Q U A C U LT U R E ave n u e s for ex pa n s i o n
*Under consideration
O th e r Spe ci e s: L a m b , P o r k
Ecosys te m te chn ol ogi e s: G r o w t h F a c t o r D e v e l o p m e n t & G r o w t h F a c t o r P r o d u c t i o n
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A YE A R OF TR I UM PH
M EAT ECH’ S ACH IEVEM EN TS OVER T H E L AST TWELVE MO N TH S
2020 (JAN-MAR)
Development and completion of initial bioreactor system
2020 (APR-JUN)
Successful differentiation of stem cells to fat cells
$2.53M investment by to nine institutional investors
$1M investment; Mr. Steve H. Lavin appointed Chairman
2020 JULY
Successful development of lower cost growth medium
First printing of uniform meat tissue Project ‘Carpaccio’
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2020 (AUG-SEP)
$6M investment led by Rami Levi & Adom
Group and 11 institutional investors
Successful differentiation of stem cells to
muscle cells
2020 (OCT-DEC)
MeaTech agrees to acquire cultured fat pioneer
‘Peace of Meat’
Bioprinting cultured beef fat structure
$7.2M investment led by Psagot Pension Funds
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B 2 B B U SIN E S S M ODEL
REVENUE STREAMS SUPPORT SERVICE REVENUES
MEATECH OFFERING
LICENSED MEATECH FOOD MEATECH:
PRODUCTION TECHNOLOGY ENGINEERING
FACILITIES SERVICES BUILD & SERVICE
CELL TISSUE
PRODUCTION ENGINEERING
MEATECH
MANUFACTURING
FACILITIES
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S UM M ARY
• A large rapidly growing alternative
protein market
• World class R&D team and scientif ic
advisors
• Technology leader in cultured fat
production & 3D bioprinting of meat
• A B2B business model targeting
rapid commercialization
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THANK
YOU! No Animals Were Harmed
in the Making of This Slide deck
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