Veganz Group AG

Investor Presentation • May 11, 2023

CREATING A SUSTAINABLE S FUTURE FOR ALL LIFE ON EARTH

GOOD FOR YOU, BETTER FOR EVERYONE.

INVESTOR PRESENTATION

CONTENT

SUMMARY 2022

SUMMARY - FY 2022

• · Immediate measures to overcome the deteriorated market situation initiated
• · Increased in-house production through additional production facilities
• · Further growth in food service
• · Additional cost reduction and efficiency improvement programme launched
• · Mililk: revolutionary 2D printing technology for milk alternatives secured

KEY STATS - FY 2022

veganz

Source: Company information (1) Sales Veganz Group AG

15 -

POINT OF SALE DEVELOPMENT

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FURTHER DISTRIBUTION IN FOOD SERVICE AND NEW COOPERATIONS

INCREASING VISIBILITY IN FOOD SERVICE

FINANCIAL UPDATE 2022

in €m	2022	2021	Change (in %)
Net sales	23.6	30.4	-22
Cost of materials	16.0	21.1	-24
Personnel expenses	4 6	3.4	+34
Other operating expenses	15.1	11.6	+30
- marketing expenses	3.7	3.5	+6
- direct costs	5.6	5.0	+12
- indirect costs	5.7	3.1	+83
Adjusted EBITDA	-11.3	-5.5
One-off expenses(1)	1.0	4.3	-77
EBITDA	-12.3	-9.8
Depreciation	1.0	1.0
EBIT	-13.3	-10.8
Net loss	-11.0	-13.3

Source: Company information

(1) Mainly in the course of the cost reduction and efficiency improvement programme – among other things for personnel and consulting (prior year: mainly for the private placement in June 2021 and the subsequent IPO)

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BALANCE SHEET DEVELOPMENT - FY 2022

• · Still strong equity ratio of 47%
• Repayment of high-interest loans and restructuring of fragmented financial liabilities
• · Off-balance sheet arrangements reduced to a minimum

– ESG REPORT EXPANDS ESG DATA TRANSPARENCY

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CLEAN WATER AND SAMITATION	NESS OWSIBITE CONSUMISHION AND PRODUCTION	13 CLASTE	14 ELECT WATER

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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 included a materiality analysis and our overall ESG goals in our expanded ESG report

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

2024

ESG. ACHIEVEMENTS 2022

VISIBLE ESG ACHIEVEMENTS OF THE PAST YEAR

ESG: GOALS OF VEGANZ

	Product quality and safety	Product quality and safety
Quality Mgmt.	PT : At least 15 hours of food safety training annually for quality and production staff	高 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	29 Gender pay gap (adjusted) permanently in a corridor of -3% to +3% (Veganz ) Group AGT	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	8 No ingredients (incl. soy, palm oil) trom rainforest areas (measurable by: Eaternity rating of 3 stars for the category "rainforest" or by geodata collection)
	C02 emissions / climate change	Sustainable packaging	Sustainable packaging
Product	Reduced CO2 footprint of products by 6% by 2025 (to 2.5 kg CO2 per kg of product)	By 2025: 50% of the products in our porttolio with packaging made of recycled or renewable raw materials	100% of the products in our portfolio with packaging that is recyclable

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Source: Company information

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KEY STATS - Q1 2023

KEY PERFORMANCE HIGHLIGHTS - Q1 2023

• SoP Line Extender Sea Style Slices Dill & Lemon
• SoP "Das Vegane Ei" (the vegan egg)
• New production facility in Ludwigsfelde for innovative plant-based milk alternatives as well as plant-based meat alternatives (TVP)
• Very positive response after the start of the Mililk roadshow

EBITDA in €m

Source: Company information (1) Veganz Group AG

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in €m	01 2023	Q1 2022	Change (in %)
Net sales	5.2	6.3	-18
Cost of materials	3.4	4 4	-23
Personnel expenses	0.9	1.0	-4
Other operating expenses	2.1	2.8	-24
- marketing expenses	0.4	0.8	-55
- direct costs	1.0	1.2	-19
- indirect costs	0.8	0.8	-2
EBITDA	-1.7	-1.9
Net loss for the period	2.2	2.3
Gross profit margin (in %)	33.0	29.5
Net cash(1)(2)	-1,6	0.5
Equity ratio (in %)(2)	78.2	46.5

Source: Company information

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(1) Including long-term financial liabilities, i.e. €10m Bond maturing in February 2025 and €2m Crowd funding maturing in December 2023 (2) Prior-year figures as of 31 December 2022

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: €23.6 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 to the previous year (prior year: €-12.3 million).

in €m/	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 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 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

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OUR KEY SHARE DATA

Share information

Issuer	Veganz Group AG
First day of trading	10th November 2021
ISIN-	DE000A3E5ED2
WKN	A3E5ED
Ticker symbol	VEZ
Share capital	€1,251,999.00
Number of shares outstanding	1,251,399
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

– 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