Veganz Group AG

Investor Presentation • Sep 28, 2023

Geganz GOOD FOR YOU. BETTER FOR EVERYONE.

WE DRIVE INNOVATION IN THE VEGAN WORLD! H1 2023

INVESTOR PRESENTATION

28/09/2023

CONTENT

Summary H1 2023

Financial Update H1 2023 വ

Guidance 2023

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Source: Company information

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KEY STATS - H1 2023

Source: Company information (1) Net Sales Veganz Group AG

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INNOVATIVE PRODUCTS FURTHER DISTRIBUTION IN FOOD SERVICE AND NEW COOPERATIONS

MOMENTUM AND INCREASING VISIBILITY

FINANCIAL UPDATE 11-2023

Source: Company information

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in €m	H1 2023	H1 2022	Change (in %)
Net sales*	9.1	11.5	-21
Material expenses	6.0	8.3	-28
Personal expenses	1.9	2.3	-17
Other operating expenses	4.7	6.8	-31
- marketing expenses	0.7	2.0	-67
direct expenses I	1.6	2.9	-46
- indirect expenses	2.4	1.8	+33
Adjusted EBITDA	-3.1	-5.8
One-time expenses	0	0.1	-100
EBITDA	-3.1	-5.8
Depreciation	0.7	0.5	+40
EBIT	-3.8	-6.3
Net loss	-4.2	-6.8

Source: Company information

*Veganz Group AG, excl. Veganz Retail Berlin GmbH & Co. KG

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BALANCE SHEET DEVELOPMENT H1 2023

B

ASSETS in €m

EQUITY & LIABILITIES in €m

34.3
16.0 s
15.7
H1 2023 2 2022
Liabilities

• · Strong equity ratio with 40.6%
• · Accomplished restructuring of corporate Group structure: merger of Veganz Food Trailer (inactive), liquidation of Veganz Inc. (USA) and Veganz Retail GmbH
• · Financial liabilities essentially (a) bond and (b) crowdfunding
• · Focus on management of working capital

Source: Company information

SET OF MEASURES

In-house production

• · Investments in construction and start of production of Veganz Food Factory in Ludwigsfelde
• HQ moved to the same site
• · In the meantime, continued investments in smaller, temporary production facilities for own meat, fish, cheese and egg alternatives

Field sales force

• · Terminated field sales force in H1 as the anticipated impact on sales was not achieved in the current market and competitive environment
• New Set-up in H2 .
• · Possiblity to re-initate the project if and when market conditions improve

Marketing

• · Modest demand for innovations in the first six months of 2023
• · · Time used to review and optimize ingredient lists, postioning and planned new products
• · Focus remains on multi-category strategy with the aim of being perceived as THE supplier of vegan food
• · Significant reduction of planned marketing actived core and focus categories as well as products from in-house production

GUIDANCE 2023

Depending on the macroeconomic conditions, the Veganz Group AG expects sales close to previous year's: in particular, sales are expected to grow on a comparable portfolio basis (i. e. disregarding products terminated because of insufficient profitability), with new launches contributing to the top line development.

Additionally, the Veganz Group AG still expects a significant increase in profitability for the fiscal year 2023, thanks to both extensive cost reductions and improved products' profitability.

in €m	2023	2022
Sales Veganz Group AG	Roughly at previous year's level	23.6
EBITDA Veganz Group AG	Significantly improved	-12.3

APPENDIX

ISCLAIMER 1/

• . 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 you in connection with or act as any into any contract or contract or intestment design whatsver. This bounnel 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 citizan or resident or locality, state, country or other juisdiation, publication, publication, or use muld be opentary 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 securited herein have not been and will lot be revisence 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 focument or an offer of securities to the poblic in the United Kingion to which section 35 of the Financial Series and Market Kingdom (as anneded by the Financial Services At 2012 of the United Kingom Lapiles W 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 elther (i) persons falling of investment Production in klicke 195) of the Francial Services and Markets of 2000 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.

ISCLAIMER 2/2

. The information ontained in this dount to be emprehensive. Now of its subsidiaries, underlakings or affiliates, or their respective director, officers employers any responsibility of liability whatsoever to, or makes any representation or warrany, express of include, as to the form leters of the information in this bounnen 'or welter any information has been milited from the presentation or any other information its subsidiaries or associated compariss. Whiter wither within 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 lubre performance of the business in this document is subject to werfitation, correction, completion, and cange 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 business. Inancial performance and results of the industry in which legally in which light by words such as " arrestation", "belief", "cloress" and similar expeasings or by their spotent formard-poling 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 information contained in the subject to any independent and on teries for series for may included financial 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

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Veganz vs. SDAX vs. Scale Normalisiert auf 100 zum VEZ IPO am 10.11.2021

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
27-29/11/2023	Deutsches Eigenkapitalforum

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