Veganz Group AG

Investor Presentation • May 30, 2023

CREATING A SUSTAINABLE SFUTURE FOR ALL LIFE ON EARTH

GOOD FOR YOU,
BETTER FOR EVERYONE.

COMPANY PRESENTATION

A POSITIVE IMPACT FOR A SUSTAINABLE FUTURE

OUR MISSION

As a vegan multi-category provider, we offer as many people as possible a diverse range of tasty, plant-based products and innovations, are transparent in our actions and behave respectfully towards all living beings and nature.

OUR VISION

We motivate people around the world to try a plant-based diet and treat our environment responsibly. In this way we create a sustainable future for all life on our planet.

– A SHIFT TOWARDS PLANT-BASED NUTRITION IS THE ONLY SOLUTION TO SUSTAINABLY FEED THE WORLD

Source: Science Vol 360, Issue 6392

SUSTAINABILITY. PROFITABILITY. INNOVATION.

SOCIETY. COMPANY. MARKET.

Sustainability

Company purpose 1,5°

• $<$ 1,5 $^{\circ}$ Challenger brand
• $< 1.5$ ° Amplifier of topics
• $< 1.5$ ° Sustainability goals

Structural repositioning to a production company

Raising number of products under own production

Concentration on high margin and volume categories

Focus on licensing business

From sourcing to recycling

2D printing

R&D department

Vertical farming

Hyperlocal and cross-retailer performance based couponing and marketing

– PRODUCTS IN ALL RELEVANT CATEGORIES MAKE VEGANZ THE ONLY MULTI-CATEGORY SUPPLIER OF VEGAN FOOD IN EUROPE

– VEGANZ STRATEGY: FITTING TO THE MARKET SITUATION

– INCREASE OF PROFITABILITY, INNOVATIVE STRENGTH AND PROTECTION OF IP

VEGANZ FOOD FACTORY GERMANY

$\mathcal{S}$

$\vert$ 4

8

• Takeover of around 3,000 square metres, newly built in 2022, as of 1 February 2023
• Located in Ludwigsfelde, in the Berlin-Brandenburg metropolitan region, with first-class transport links directly next to the Berliner Ring motorway
• High-quality building infrastructure, enabling a liquidity-preserving start-up and optimal production ramp-up
• Production facility for plant-based milk alternatives as well as plant-based meat alternatives using peas (Textured Vegetable Protein, TVP)

Source: Ebner Stolz. M&A Quarterly. April 2022

– REVOLUTIONARY PATENTED 2D-PRINTING PROCESS FOR PRODUCING PRINTED OAT, ALMOND, SOY AND OTHER MILK ALTERNATIVES

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ENABLES EUROPE-WIDE CONSUMER NEEDS TO BE MET IN AN INNOVATIVE AND SUSTAINABLE WAY WHILE EXPANDING VEGANZ'S IN-HOUSE PRODUCTION

– DRY MEAT ALTERNATIVES MADE OF EUROPEAN SOY AND PEAS

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DIVERSIFIED BUSINESS MODEL

Retail

• Food retail $\bullet$
• Drugstore $\bullet$
• Discount $\bullet$
• eFood $\bullet$

Food service

• Company restaurants $\bullet$
• Events, trade fairs $\bullet$
• Sports cooperations $\bullet$
• Kiosks, petrol stations $\bullet$
• Airplanes $\bullet$

Distributional Sales Split 2022

Discount $(Q1 2022: 13%)$

25% Drugstore $(2021:22%)$

FOCUS ON GERMANY AND EUROPE

POS development 2022

of POS

Core market Sales activities Target market Not in focus

Regional Sales Split 2022

10% Rest of Europe $(2021:7%)$

90% DACH $(2021:92\%)$

EBITDA in €m

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Source: Company information

GUIDANCE 2023 CONFIRMED

Depending on the macroeconomic conditions – in particular the negative effects of the energy crisis and inflationary pressure on the consumer behaviour of our customers – Veganz Group AG expects sales in the fiscal year 2023 to be roughly at the previous year's level (prior year: $E23.6$ million). However, due to the extensive cost reduction and efficiency improvement programme, as well as the expansion of in-house production with the start of the production facility in Ludwigsfelde, the Company expects a significantly improved EBITDA compared to the previous year (prior year: $E-12.3$ million).

$\overline{\mathsf{in}}$ $\overline{\mathsf{em}}$	2023	2022
	Guidance	Actual
	Roughly at the
Sales	previous year's level	23.6
	Significantly improved
	compared to the
EBITDA	previous year	$-12.3$

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(1) Core categories: sweets & snacks, bars, chocolate, pizza Focus categories: fish, cheese, egg and milk alternatives + TVP

APPENDIX

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 iurisdiction 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 iurisdiction, 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 requiatory 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.

– CLASSIC MANAGEMENT EXPERIENCE, START-UP KNOW-HOW PAIRED WITH IN-DEPTH MARKET KNOWLEDGE

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– ESG REPORT EXPANDS ESG DATA TRANSPARENCY

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CLEAN WATER AND SOMITATION	RESPONSIBLE CONSUMPTION AND PRODUCTION	CLIMATE ACTION	LIFE BELOW WATER

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Source: Company information

ESG: ACHIEVEMENTS & NEXT STEPS

INCREASING ESG EFFORTS AFTER DEVELOPING LONG-TERM ESG STRATEGY

2021 Our successful IPO marked the beginning of a new era

We conducted a materiality analysis with our stakeholders, just defined our overall ESG strategy and strive for a B Corp certification

2019 We were the first company to display the Eaternity Score on all our products

We published our first full ESG report

2022

We will expand our ESG reporting further and include additional important ESG data points

2023

Source: Company information

ESG: GOALS OF VEGANZ

	Product quality and safety	Product quality and safety
Quality Mgmt.	园 At least 15 hours of food safety training annually for quality and production staff	園 Annually at least 3 detailed quality audits by Veganz at suppliers and production partners starting in 2023
	Employee satisfaction	Employee satisfaction	Employee health/safety
Human Resources	Employee Net Promoter Score every year on $average > +15$ points	Gender pay gap (adjusted) permanently in a corridor of $-3\%$ to $+3\%$ [Veganz] Group AG]	Keep absenteeism rate permanently below 5.5% [Veganz Group AG]
	Social supply chains	Ecological supply chains	Ecological supply chains
Supply Chain	From 2023: 100% signature quota for the Supplier Code of Conduct	Consistently organic standard for 100% of cashews purchased	No ingredients (incl. soy, palm oil) from rainforest areas (measurable by: Eaternity rating of 3 stars for the category "rainforest" or by geodata collection)
	CO2 emissions / climate change	Sustainable packaging	Sustainable packaging

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– SINCE START OF TRADING (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
14/09/2023	Half-Year Report 2023
15/11/2023	Quarterly Statement Q3 2023

Investor Relations Vanina Hoffmann E-Mail: ir@veganz.de Mobil: +49 170 6837016