Veganz Group AG

Investor Presentation • Sep 26, 2024

Marktlage

Kaum Erholung des Konsumklimas

• Schwache konjunkturelle Entwicklung
• Konsumklima erholt sich kaum
• Nur 1,5 \% reales Wachstum des Lebensmittelhandels
• Klimawandel treibt Ernteausfälle und Rohstoffpreise
• Tonne Kakao stieg im ersten Halbjahr zwischenzeitlich um bis zu 163\%

Konsumklimaindex 20241 HJ
0,00
$-5,00$	Jan '24	Feb '24	Mär '24	Apr '24	Mai '24	Jun '24	Jul '24
$-10,00$
$-15,00$
$-20,00$
$-25,00$
$-30,00$
$-35,00$

Zusammenfassung: 1. HJ 2024

Die Veganz Group AG auf dem Weg zum Produktionsunternehmen

Profitabilität

• Rohertragsanstieg auf 36,1\% (VJ: 33,8\%)
• weitere

Sortimentsbereinigungen um 20 Artikel

• Schließung Produktionsstandort für Ei- und Fischalternativen
• Optimierung Personalkosten
• Rotationssteigerung am Regal durch Markenrelaunch
  

Investitionen

• Umsatzrückgang durch Konzentration auf Innovationsartikel
• Erhöhte Standortkosten bei Käsealternativen (Cuxhaven) und Milchalternativen (Ludwigsfelde)
• Sonderaufwendungen für Produktentwicklung und Markteinführung Milik und Peas on Earth
• Verschlechterung des EBITDA

Veganz Group AG

Vier Business Units und die Orbifarm LLC

Veganz

Von welcher dieser starken haben Sie schon einmal gehört?

Huppej Cheerle

Welche dieser starken kennen Sie, wenn auch nur dem Namen nach?

Von welcher dieser starken haben Sie schon einmal gehört?

Reak

Von welcher dieser starken haben Sie schon einmal gehört?

Mithlycharment möglich (Saz. Fehler Gesamtregelern: 2,5\% (Stichprobergolfe 10.551 | Rehspongestellnum: 01.01.24 - 18.08.24 | Mittelsorte Kolonialwoche |Unterbandgestalt von Corg

Veganz Group AG

Altgeschäft

Veganz

Hayp! Cheerle

Veganz Group AG

Innovationsgeschäft

m:I:IK

Highlights

Innovationen und profitable Skalierung

Orbifarm \& Körber

Mililk Eigenmarke

Markenrelaunch

DER NEUE BIEGEL MIT ZITRONI\& WERSEER SCHOKOLADE

Kennzahlen H1 2024

FINANZIELLE ENTWICKLUNG

H1 2024

GuV

H1 2024

Materialaufwand weniger reduziert als der Umsatz (Produkt-Mix)

Erhöhte Kosten für Produktion u. a. Personal) und Marketing

Reduzierte direkte Kosten (Overheads)

in $\mathbf{~ E m ~}$	H1 2024	H1 2023	Change (in \%)
Umsatz	7.0	9.1	$-23$
Materialaufwand	4.4	6.0	$-26$
Personalaufwand	2.3	1.9	$+24$
Sonstige betriebliche Aufwendungen	4.4	4.7	$-6$
- Marketing Kosten	0.8	0.7	$+19$
- direkte Kosten	1.8	1.6	$+15$
- indirekte Kosten	1.8	2.4	$-26$
Bereinigtes EBITDA	$-3.7$	$-3.1$
Einmalaufwendungen	0.6	0.0	-
EBITDA	$-4.3$	$-3.1$
Abschreibungen	0.8	0.7	$+8$
EBIT	$-5.0$	$-3.8$
Periodenfehlbetrag	$-5.5$	$-4.2$

Finanzielle Entwicklung

H1 2024

Umsatz in Mio. $€$

Rohertragsmarge in \%

2020
2021
2022
2023
H1 2023
H1 2024

GUV

H1 2024

EBITDA in Mio. $€$

Bilanz

Eigenkapital reduziert aufgrund der operativen Verluste

Starke Reduktion des Umlaufvermögens aufgrund des verringerten Umsatzes

Verbindlichkeiten inkl.:
Anleihe 9.6 EUR. Mio
Crowdfunding: 1.8 EUR. Mio

AUSBLICK

2024

Maßnahmen 2024

Finanzierung

Im Rahmen der veränderten Unternehmensstruktur wurde ein neues Kostensetup entwickelt, dass Kosteneinsparungen über alle Bereiche vorsieht.

Effizienzmaßnahmen zur weiteren Profitabilität der Produktionen und des operativen Geschäftsbetriebs sind vorbereitet und auf den Weg gebracht.

Darüber hinaus werden aktuell Finanzierungsmaßnahmen zu den bereits bestehenden Maßnahmen verfolgt

• Sicherung des Kapitalbedarfs für die weitere Entwicklung des Unternehmens

2 Skalierung der In-house Produktion

• Skalierung der Produktion im Bereich Milchalternativen (Millik*)
• Ausbau der Millik* Produktpalette und Distributionsausweitung
• Käsealternativen Distributionsausweitung
• Platzierung der PoE Produkte im Markt

Business Units

• Förderung der Business Units und konzentrierte Marktbearbeitung
• Entwicklung des Controllings und Optimierung der Business Bereiche

Marketing \& Vertrieb

• Skalierung organischer Marketingmaßnahmen
• Skalierung D2C Geschäft und Ausbau der D2C Channels
• Ausbau neuer Vertriebskanäle (Biofachhandel)
• Kostenoptimierung mit K.I.

Guidance

In €. Mio.

Umsatz
EBITDA

2024
Prognose
Deutlich unter Vorjahresniveau
Deutliche Verlusterhöhung

2023
Ist
16,4
$-6,3$

Vielen Dank

Appendix

$\sum_{\text {éganz }}$

Disclaimer 1/2

This document has been prepared by Veganz Group AG ("Company" and together with its subsidiaries, "Veganz"). All material contained in this document and information presented is for information purposes only and must not be relied upon for any purpose, and does not purport to be a full or complete description of the Company, Veganz or its business. This document does not, and is not intended to, constitute or form part of, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities of the Company, nor shall it or any part of it form the basis of or be relied upon in connection with or act as any inducement or recommendation to enter into any contract or commitment or investment decision whatsoever. This document is not directed at, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. Accordingly, the document may not be reproduced, redistributed, published or passed on, directly or indirectly, to any person in the United States of America ("United States"), Australia, Canada, Japan or any other jurisdiction, in each case where to do so would constitute a violation of the relevant laws of such jurisdiction. Persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in Australia, Canada, Japan, or the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in or into the United States.

This document is for information purposes only and does not constitute an offering document or an offer of securities to the public in the United Kingdom to which section 85 of the Financial Services and Markets Act 2000 of the United Kingdom (as amended by the Financial Services Act 2012 of the United Kingdom) applies. It is not intended to provide the basis for any evaluation of any securities and should not be considered as a recommendation that any person should subscribe for or purchase any securities. In the United Kingdom, this document is being made, and is directed only, to persons who are both (i) "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 and either (ii) persons falling within the definition of Investment Professionals (contained in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("Order")) or other persons to whom it may lawfully be communicated in accordance with the Order; or (iii) high net worth bodies corporate, unincorporated associations and partnerships and the trustees of high value trusts, as described in Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this document relates in available only to Relevant Persons and will be engaged in only with Relevant Persons.

Disclaimer 2/2

The information contained in this document does not purport to be comprehensive. None of the Company, any of its subsidiaries, undertakings or affiliates, or their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, fullness, accuracy or completeness of the information in this document (or whether any information has been omitted from the presentation) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection therewith. By accepting this document you acknowledge the foregoing and that you will be solely responsible for your own assessment of the Company and Veganz, the industry and the market position of Veganz and that you will conduct your own analysis and be solely responsible for forming your own view of the current and potential future performance of the business of Veganz. All information in this document is subject to verification, correction, completion, updating and change without notice. The Company does neither undertake any obligation to provide the recipient with access to any additional information nor to update this document nor any information nor to correct any inaccuracies in any such information A significant portion of the information contained in this document, including market data and trend information, is based on estimates or expectations of the Company, and there can be no assurance that these estimates or expectations are or will prove to be accurate. Where any information and statistics are quoted from any external source, such information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate. All statements in this report attributable to third party industry experts represent the Company's interpretation of data, research opinion or viewpoints published by such industry experts, and have not been reviewed by them. Each publication of such industry experts speaks as of its original publication date and not as of the date of this document. This document contains forward-looking statements relating to the business, financial performance and results of the Company, Veganz or the industry in which Veganz operates. These statements may be identified by words such as "expectation", "belief", "estimate", "plan", "target" or "forecast" and similar expressions, or by their context. Forward-looking statements include statements regarding: strategies, outlook and growth prospects; future plans and potential for future growth; growth for products and services in new markets; industry trends; and the impact of regulatory initiatives. These statements are made on the basis of current knowledge and assumptions and involve risks and uncertainties. Various factors could cause actual future results, performance or events to differ materially from those described in these statements, and neither the Company nor any other person accepts any responsibility for the accuracy of the opinions expressed in this document or the underlying assumptions. No obligation is assumed to update any forward-looking statements.

The information contained in this document has not been subject to any independent audit or review. Information taken or derived from unaudited financial information should be read in conjunction with the relevant audited financial statements, including the notes thereto. Certain financial data included in the document consists of "non-GAAP financial measures". These non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies, nor should they be construed as an alternative to other financial measures determined in accordance with German GAAP. You are cautioned not to place undue reliance on any non-GAAP financial measures and ratios included herein. By attending this document and/or accepting or reading a copy of this document, you agree to be bound by the foregoing limitations and conditions.

Executive Board

Classic management experience, start-up know-how paired with in-depth market knowledge

Jan Bredack
Founder \& CEO

• Founded Veganz in 02/2011

Key responsibilities:

• Sales and Distribution
• Retail
  

Anja Bachmüller COO

• Joined Veganz in 02/2017

Key responsibilities:

• Supply Chain Management
• Purchasing
• Production
• Quality Management
  

Moritz Möller CMO

• Joined Veganz in 04/2018

Key responsibilities:

• Marketing
• Product

Management

• Sustainability
  

Massimo Garau
CFO

• Joined Veganz in 07/2023

Key responsibilities:

• Finance
• IT
• HR
• Investor Relations

Veganz

• Legal

Our key share data

Share information

Issuer	Veganz Group AG
First day of trading	$10^{\text {th }}$ November 2021
ISIN	DE000A3E5ED2
WKN	A3E5ED
Ticker symbol	VEZ
Share capital	$€ 1,251,999.00$
Number of shares outstanding	$1,251,999$
Listing/Market segment	Regulated Unofficial Market (Freiverkehr) of the Frankfurt Stock Exchange (Scale Segment)
Type of shares	Ordinary bearer shares
Designated Sponsor	M.M.Warburg \& CO

Analyst Coverage

Kursentwicklung

Finanzkalender 2024 \& Kontakt

10/05/2024	Annual Report 2023
$10 / 05 / 2024$	Quarterly Statement Q1 2024
$15 / 05 / 2024$	Webcast Annual Report 2023 + Quartalsmitteilung Q1 2024
$17 / 06 / 2024$	Hauptversammlung 2024
$26 / 09 / 2024$	Halbjahresbericht 2024
$13 / 11 / 2024$	Quartalsmitteilung Q3 2024
$11 / 2024$	Deutsches Eigenkapitalforum

Investor Relations
Massimo Garau
E-Mail: ir@veganz.de
Mobil: +49 15146569362

Alternative

Veganz Group AG

Vier Business Units und die Orbifarm LLC