Veganz Group AG

Investor Presentation • Nov 15, 2023

Geganz GOOD FOR YOU, BETTER FOR EVERYONE.

WE DRIVE INNOVATION IN THE VEGAN WORLD! 9M 2023

INVESTOR PRESENTATION

15/11/2023

CONTENT

Summary 9M 2023

Financial Update 9M 2023 ର

Guidance 2023

SUMMARY - 9M 2023

• · Strategic assortment optimization
• · 7,8% Growth in the core categories
• · Subdued 9M of the fiscal year 2023 due to general eceonomic development and assortment optimization
• Successful launch of Veganz Mililk .
• Further Innovations to improve assortment .

KEY STATS - 9M 2023

15/11/2022 | INVESTOR PRESENTATION

–

INNOVATIVE PRODUCTS FURTHER DISTRIBUTION IN FOOD SERVICE AND NEW COOPERATIONS

MOMENTUM AND INCREASING VISIBILITY

FINANCIAL UPDATE 9M 2023

Gross profit margin in %

Veganz

Source: Company information

– FOCUS ON PROFITABILITY: IMPROVE GROSS PROFIT MARGIN

Source: Company information

FINANCIAL DEVELOPMENT 9M 2023

2022 9M 2022 9M 2023

-6.1

Source: Company information

in €m	Veganz Group AG
	9M 2023	9 M 2022
Sales	12.8	17.1
EBITDA	-4.5	-8.7
Net loss for the period	-6.1	-9.9
Gross profit margin	34.9%	28.2%
Net cash(1)	-4.3	0 4(2)
Equity ratio	35.6%	46.5%(2)

Source: Company information

–

(1) Including long-term financial liabilities, i.e. €10m Bond maturing in February 2025 and €2m Crowd funding maturing in December 2023 (2) As of 31 December 2021

SET OF MEASURES

Start of In-house production

• · Successful launch of Mililk production in the new headquarters in Ludwigsfelde
• · Delivering of the innovation to the first foodservice and D2C clients
• · Launching and Pre-Launching new products (Sea Style Slices, Veganz Bluebert) in small facilities

Field sales force

• Cenfood as new strategic field sales force partner
• 35 field sales agents
• · bundled logistics enables a more efficient supply chain that significantly minimises the ecological footprint

Marketing

• Successful launch of Veganz D2C business
• · · Setting up product innovations pipeline 2024
• · Preparing a brand relaunch for up to 4 times increased visibility at the POS
• · Setting up over 20 influencer contracts for mililk market introduction

GUIDANCE 2023

Due to the still unfavourable macroeconomic conditions and the strategic shift towards own production, Veganz has made the improvement of profitability its top priority.

As a result, Veganz is accelerating on the path to achieve break-even and expects to strongly reduce the EBITDA losses for this year compared to the year before.

In order to sustain this objective, Veganz continues to review critically its cost structure, enter higher margin segments and eliminate unprofitable turnover. With these premises, Veganz expects further sales growth on a comparable basis portfolio, but a strong reduction of total Sales in comparison to previous year.

2022: Reported at consolidated Group level as

APPENDIX

DISCLAIMER 1/2

• . This document has been prepared in the typether with its subsitiaries, "Vegan", All material polained in this dounch and information perposes only and musine to be reliebupon in ary purpose, and dees not purport in be a full or omplete description of the Company, leganz of its business, This not interded to, constitute or form part of, and should not be consided as an offer of sell, or a solicition of an ifer to purchase acquire, any securities of the Company, nor shall it or any part of il form the basis of or be intel upon in connection with or any inter it's any contract or commitment of intestment desion whatsever. This boument is not directed at or intended for distinct on use by, any person or resident or located in any boally, state, county or other jurisdicion where such distribution, arailability or use would be contract to law or mich model equite any registation of itemaing within such jurisdicing the bouned may not le reproduced redistibuted or passed on directly or indicely to any person in the United States of America ("Wiled States"), Australian (inisticion, in each case where to do so would constitute a vidation of the relevant laws of such jurisdian. Persons into worker comes should inform themselves about, and diserre, any such residinas.
• · This document and any materials with this document are not directed to distibuline on use by any person of entify that is a pillean or resident of any board or other juisdiation where such distribution, oublication, arabbility or use muld be onntary to law or regulation of while would recording within such juristiction. This downed des not sonstitute and for a solisitation of an offer to purchase any securities in 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 in or into the United States.
• · This document is tor information prossible an offering document or an offer of securities to the public in the United section 35 of the Financial Series and Market Kingtom Jas anneded by the Financial Services At 2012 of the United Kingdom Japples, Il is not intented to provide the bay securities and should not be considered as a recommendation hat any person should subscribe in or purchase any severities. In the United Is being nace, and is difected may are both (1) "qualified investos" within the maning of Mille (i) of the Property (EU) 2017/129, as it forms part of domestic law by virine of the European Diron (Withdraw) | Ar 2018 and eliber (i) persons lalling of huesday (contained in Article 195) of the Financial Services and Markets Ac2 200 Financial Promotion (ider 2005 ) Order persons to whom it may lawluded in accordance with the Order; of (ii) high net worth bodes corporale, unincerporated associations and the trusts, as described in Aricle 492)(a) to id of the Order (all such persons together being refered to as "Relevant or investment or intestment relates in available only to Release Persons and will be engaged in only with Relevant Persons.

DISCLAIMER 2/2

· The information contained in the proport to be ontrehensive. None of the subscibiries, underlakings or affiliates, or their respective disers, afficers, employees accepts any responsibility of libility whotsever for, or makes any representation of warranty, express of include, as to the form leters of the information in this bounnen 'or welter any information has been milited from the resentify or an alter information its sposition or associated concernes, whether written with a wisself of electric form. and howsever transmitted or made araising from any use of this document or its contents or othernise arising in connection therewith By acception the document the breagonial has will be seley responsible to the Comment of the Company and leaan. the industry and the maked position of least you own aralysis and be soley responsible for forming your was not and potential luvre performance of he business in this doument is subject to verfication, correction, congletion, and clange without nolice. The Company been any philosion to provide with access to any additional information or in untal nor any information not o correct in any such information of the information contined in this document. Including mariat data and tread information, is based on expectations of there can be no assurance that these estimates or experitions are of will prove to be accurate. Where any information any extend source, such information or statistiss should not be interpreted as having been aboded or endorsed by the Company in this repor attributed to third property industry experts the Smagan's interpretaine of data, research pinished by such industry experts, and have not been reviewed by them. Each publication of such industry experts speaks as of its might as of the date of this document. This document conting stating to the tusiness. Inancial performance and regar of the industry in mich leganz operates. These statements may be identified by words such as "appetation", "belief", "stimate" and similar expessions, or by their content Forward-hoking statements readling: stategies, outlob and growth production for fully for problem and services in new mately, incusal rends; and the impact of regulation are made on the basis of current knowledge and assumplies issumily institudies. Warious actual frince results, periormance of events to differ materially from those described in the Ompany no any offer person accepts any responsibility for the opinions expressed in this bounners on the underline. No obligation's assumed to update any forward-looking statements.

. The intention contained in the not been subject to any independent and and the intental inionaling should be rad in conjuntion with the released statements, including the notes therein financial data included in the document consists of 'non-BAP financial measurs may not be comprable to similarly ifiled masures orsenced by other comparies. no should hey be constructive to ther financial measures determined in accordance with Cerman SAR. You are plane under reliance on any no-SAR finalided herein. By attenting this document and or accepting or reading a coy of this bounner, pu agree to be bound by the foregoing limitations and conditions.

– 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

Massimo Garau CFO

• Joined Veganz in 07/2023

Key responsibilities:

• Finance
• IT
• HR
• Investor Relations
• Legal

OUR KEY SHARE DATA

Share information

Issuer	Veganz Group AG
First day of trading	10th November 2021
ISING	DE000A3E5ED2
WKN	A3E5ED
Ticker symbol	VEZ
Share capital	€1,223,399.00
Number of shares outstanding	1,223,399
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

M M.M.WARBURG & CO BANK

Jan Bauer

Ralf Marinoni

Veganz vs. SDAX vs. Scale 01.01.2023 - 13.11.2023

FINANCIAL CALENDAR 2023 & CONTACT

08/02/2023	9. Hamburger Investorentage (HIT)
11/05/2023	Annual Report 2022
11/05/2023	Quarterly Statement Q1 2023
06/07/2023	Annual General Meeting 2023
28/09/2023	Half-Year Report 2023
15/11/2023	Quarterly Statement Q3 2023
29/11/2023	Deutsches Eigenkapitalforum

Investor Relations Massimo Garau E-Mail: ir@veganz.de Mobil: +49 151 46569362