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Evogene Ltd. — Investor Presentation 2022
Sep 15, 2022
6785_rns_2022-09-15_cad9776f-48de-4540-92f6-0bd858f42259.pdf
Investor Presentation
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2022
Commission File Number: 001-36187
EVOGENE LTD.
(Translation of Registrant's Name into English)
13 Gad Feinstein Street, Park Rehovot, Rehovot P.O.B 4173, Ness Ziona, 7414002, Israel (Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
CONTENTS
Attached hereto and incorporated by reference herein is the following exhibit:
99.1Evogene Investor Presentation.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EVOGENE LTD. (Registrant)
Date: September 15, 2022
By: /s/ Yaron Eldad Yaron Eldad Chief Financial Officer


DECODING BIOLOGY
INVESTOR PRESENTATION
Ofer Haviv, President & CEO September 2022
Forward Looking Statement
This presentation contains "forvard-looking to future events, and Evoene Ltd (the "Company"), may fron time to the statements. reqarding our outlook or expectations for operating results and/or other matters regarding or affecting us that are considered "forward-boking statements" as defined in the U.S. Private Securites Library and other securites laws, as amended. Statements that are not statements of historical fact may be deements. Such forward-looking statements may be identified by the use of such words as "believe", "expect", "anticipate", "stimated", "intend" and "potential" or vords of sinilar meaning. We are using forward-looking statenents in this presentation when we discuss our value drining, product development and launches, estimated market sizes and miestones, pipeline, as well as our capabilities and technology.
Such statements are based on current expections and assumptions, describe opinions about future events, involve certain risks and uncertaintes which are difficult to predict and are of future performance. Readers are cautioned that certain inportant factors nay affect the Company's actual results and could cause such rem any forward-looking statements that may be made in this presentation. Therefore, actual future results, performance or acheve in the future may differ materially from what is expessed or implied by such forward-loking statements due to a variety of factors, many of whiching, without limitation, those described in greater detail in Evogene's Annua Report on Form 20-F and in other information Evogene files to the Israel Securities Authority and the U.S. Securities and Exchange Commission, including those factors under the heading "Risk Factors".
Except as required by applicable securities we digation or commitment to update any information contained in this presentation or to publicy release the results of any revisions to any be made to reflect future events or changes in expectations, estinates, projections and assumptions.
The information contained herein does not constitute a prospectus or other offering document, nor does it constitute or offer to sell, or any solicitation of any invitation or offer to purchas of Evogene or the Company, nor shall the information or any part of the fact of its distribution for the basis of, or be relied on inch, any action, contract, commitment or relaing thereto or to the securities of Evolene or the Company.
The trademarks included herein are the property of the owners only. Such use should not be construed as an endorsement of our products or services.
evogene
Agenda
* About Evogene
Business model Product-oriented subsidiaries
Summary
Annex I - Financial Fundamentals


OUR VISION
Revolutionizing life-science based product discovery & development, utilizing cutting edge computational biology technologies.
evøgene
DECODING BIOLOGY
Life-science product development
Low probability of success with high cost and long time-to-market
Pharmaceutical Industry

Cost of developing a single pharmaceutical drug
In the 1970's
\$180 million
In recent years >\$2 billion Ag-chemicals Industry

Years to develop a new crop protection product
| 1995 | 2000 | 2005-8 2010-15 | |
|---|---|---|---|
| 3 | 0 | 10 | 11+ |
Surces: COR (Center for Dry Administration, Tuts Senter the Study of Dug Deelopment: https://www.sieneednec.com/sience/arch/s/ad/s/1/2016/6000291/a/%Db/id ntops //www.froles.org/sternery/2017/01/2014 - cost-ol-el-same-oper-the-age-chan-el-cod/sm-233862499 Pillips Housely Strage Resert 2022, Sangelor, How Nort of Cost to Reserch and Device a New Drug 7 A Systematic Review and Assessment, August 2010/2/2027-0273-021-0100 Public of Press https://www.cbo.gov/system/files/2021-04/57025-Rx-RnD.pdf

Life-science product development The ultimate case of finding "the needle in the haystack"

The challenge: Finding the winning candidates out of a vast number of possible prospects that address a complex myriad of criteria, to reach successful products
evolgene

The opportunity
Utilizing an advanced computational biology platform
To identify the most promising candidates addressing multiple development challenges towards successful life-science products
- · Increase probability of success
- · Reduce time and cost
Biology meets disruptive technologies

Incorporates deep scientific understandings together with big data and advanced AI technologies, to successfully discover & guide the development of novel life-science based products.


evolgene
Tailor-made Tech Engines for product discovery & development
The CPB platform enhances product discovery and development through dedicated Technology Engines for products based on three core components:
- · Microbes
- · Small molecules
- · Genetic elements

evogene
Example of Tech Engine User Interface @yicro


evøgene
Tailor-made Tech Engines for product discovery & development
+ Discovery
Computational selection of the most promising candidates to initiate the product development process.
+ Development
Computational driven solution addressing optimization development challenges for the selected candidates, without impairing their ability to address other product attributes, supporting the way to successful commercialization.

evogene

Building an 'Ecosystem around our tech engines
evøgene


Annex I - Financial Fundamentals



Evogene Tech Engine - Potential Addressable Markets

evøgene
Product-oriented subsidiaries powered by Evogene's technology
Establish independent entities focusing on a defined commercial field with a license to use Evogene's unique solutions for product development
Subsidiaries:



casterra Ag-solutions for castor

Licensed to use Evogene's tech engines:




evøgene
Collaborations powered by Evogene's technology for the development of innovative products
Joint development with leading companies for defined products utilizing Evogene's unique solution. Typically, partner leads later-stage development and product commercialization.
Powered by Evogene's technological engines:




Evogene Tech Engine - Current Utilization
evogene

Annex I - Financial Fundamentals



* Evogene holdings
evogene



Mission:
Discovery and development of novel therapies for microbiome-related human disorders using computational biology
Product Pipeline:
S
Immuno-oncology program
- · Combination therapy for cancer with checkpoint inhibitors
- · Pre-clinical stage
- · Addressable market size expected by 2026* \$243B
GI related disorders
- · Inflammatory Bowel Disorder (IBD) pre-clinical stage
- · Irritable Bowel Syndrome (IBS) discovery stage
- · Addressable market size expected by 2026: Inflammatory Bowel Disorder \$22.4B, Irritable Bowel Syndrome** \$3.3B
Antimicrobial resistance (AMR)
- · Antimicrobial resistance (AMR)
- · Clostridium Difficile Infection (CDI) discovery stage
- · Methicillin-resistant Staphylococcus aureus (MRSA) discovery stage
- · Addressable market size expected by 2026: CDI*** \$1.7B, MRSA**** \$3.9B
Expected main near-term value drivers:
2022
- · IBD initiate scale-up for GMP production of drug candidate for IBD
- · Immuno-oncology first data point readout from proof of concept, first in human study
2023
- · IBD Clinical batch production of drug candidate for IBD as preparation for Phase 1 in USA
- · Immuno-oncology Pre-IND Meeting with FDA
*https://www.dlobenews.vire.com/news-release/2019/07/17/188418/0/er/Cancer-Immundtherapy-Market-To-Reach-JSD-242-96-Blilion-Br-2026-Reports-Md-Data.html ** to strene and contrass release dealers (and make on success and mail the supers) and medianelers (and 17 light, including consistent consistent police in consistent in and that in a productive a pay in finance (one described) in a leader nation (1) 2006 min 1920 mm (1925 concess not 2005 million (1920) in 1920 million (1920) in 1920 bronnel mar grand-view-research-inc
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Example Results:
Immuno-Oncology program - BMC128 potentiate the effect of anti-PD-1 therapy (immunotherapy) in-vivo

Improved antitumor activity in mice following the administration of BMC128, compared to treatment with immunotherapy alone
evogene
Biomica Announces Successful Enrollment of First Patient in its Phase I Study of Microbiome-Based Immuno-Oncology Drug
Proof of Concept (POC) in-human trial to take place at Rambam Health Care Campus in Israel throughout 2022
Biomica Announces First Patient Dosed in its Phase I Study of its Microbiome-Based Immuno-Oncology Drug



Mission:
Improve food quality, sustainability and aqriculture productivity through microbiome technology and products
Product Pipeline:
Bio-stimulants (yield enhancement)
- · Bio-stimulants 1- focus on wheat and additional cereals. Seed treatment/soil application. Commercial stage, first sales planned in 2022. Addressable market size * : for spring wheat ±25M acres.
- Bio-stimulants 2 focus on corn and additional crops. Seed treatment. Pre-development stage. Addressable market size*: for corn - 120M acres.
Bio-pesticides (crop protection)
· Fruit rots - focus on fruit and vegetables. Foliar application. Target market*: >\$1B of chemicals usage. Development stage 2.

- Downey Mildew Focus on fruit and vegetables. Foliar
- application. Development stage 1. Target market *: >\$350M of chemicals usage.
- Seedling disease for corn and soy. Seed treatment. predevelopment stage. Target market * : >\$500M.
- · Bio-insecticides for corn and soy. Seed treatment/foliar. Pre-development stage. Target market *: >\$1.5B existing traits & chemicals market.
Expected main near-term value drivers:
2022
- · Bio-stimulants build infrastructure for scale-up in 'Thrivus™' sales for spring wheat in 2023
- · Fruit rot bio-fungicides file for requlatory approval for leading product candidate LAV.311 targeting fruit rot
2023
- · Bio-stimulants 'Thrivus™' product sales expansion in US and Canada for spring wheat
- · Bio-fungicides final preparation for filing for regulatory approval for leading product candidate LAV321 or LAV322 for downy mildew
*Dean, R, .et al. [202]. The top 10 fungal pathology, Molecular Plant Pathology 13:414-430 (https://addemi.coup.com/toplarticle/2/3/11/5057759



Example Results:
- Thrivus™ inoculant
- LAV 311 & LAV 312 leading bio-fungicide candidates for fruit rot

Lavie Bio's wheat field in the USA during harvest -
Sales initiated in 2022
Untreated control LAV3118 LAV312
Example of treatment against Botrytis Cinerea vs untreated control in vines
Lavie Bio Announces Commercial Launch of its First Microbiome-Based Product for Yield Improvement - Thrivus >
Thrivus "inoculant initially introduced for spring wheat in North Dakota, following positive four-year field trials
ICL and Lavie Bio Enter Strategic Collaboration to Develop Novel Bio-Stimulant Products
ICL to invest \$10 million in Lavie Bio

evogene

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Mission:
Design next-generation, effective and sustainable crop protection products by leveraging predictive biology & chemistry
Product Pipeline:
Herbicides
- Novel MoA (Mode-of-Action) selective/non-selective herbicides
- Relevant target crops including Cereals, Rice, Corn, Soybean, Cotton, Canola, Sugar Beet, Other TBD
- · Addressable market size expected by 2022*: \$34B
Insecticides
- · Novel SoA (Site-of-Action) resistance breaking
- · Addressable market size expected by 2022*: \$19B
Fungicides
- Novel MoA
- Relevant target crops including Cereals, Rice, Corn, Soybean, Cotton, Canola and Sugar Beet
- · Addressable market size expected by 2025*: \$24.5B
Expected main near-term value drivers:
2022
- · New MoA Herbicide identify collaboration partner, finalize business terms (term sheet)
- · New MoA Herbicide expand data package for APTH1, AgPlenus' leading new MoA protein for the development of novel herbicides
2023
- · New MoA Herbicide new collaboration agreement
- · New MoA Herbicide phase advancement in one of the ongoing collaborations
- · New MoA Fungicide program initial greenhouse readouts of designed compounds on target pest
- · Platform Tools POC recent AgTech raises focused on platform capabilities
*https://www.prnewswire.com/news-releases/global-3410-billion-herbicide-market-300458389.html; https://www.marketsandmarkets.com/Market-Reports/insecticide-market-142427569.html
evogene


Example Results:
New MoA Herbicide - APH1

Greenhouse testing of APH1 - modified tobacco plants with resistance trait vs unmodified control
evogene
AgPlenus Announces Reaching a 'Lead' Stage in its Novel Mode-of-Action Herbicide Program
This significant development milestone was achieved following positive results for product candidate APH1 in field tests with commercial level application rates on a broad panel of weeds
AgPlenus Announces Positive Results for a Herbicide Resistance Trait to its Leading Herbicide Product Candidate
Greenhouse proof-of-concept testing demonstrates resistance of modified model plants to AgPlenus' APH1 herbicide candidate

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Mission:
Commercialize effective, precise and stable medical cannabis products, based on decoding plant genetics, for optimized therapeutic effect and patient well-being
Product Pipeline:
MetaYield+ Products
High metabolite content & consumer traits
- · Stable enhancement of total plant compounds focused on THC, CBD and terpenes
- · Total cannabis market size expected by 2024 \$42.7B*
Precise+ Products
Therapeutic traits - focus on patients' well-being
- Stable enhancement of specific active compounds to address desired effects (e.g. pain management and reduced inflammation)
- · Total medical cannabis market size expected by 2024 \$25.6B*
Expected main near-term value drivers:
2022
- · MetaYield+ Commercial launch and sales of second generation products in Israel
- · Precise + Collect pre-clinical data to support commercial launch in 2023
2023
- · Commercial launch and initial sales of first product in Europe
- · Commercial launch of products addressing patients' well-being, such as reducing pain or inflammation
*Source: Arcview Market research/BDS Analytics 2020
evogene


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First Products:
The 'G-nnovation' series
G200 inflorescence
T20/C4 Indica
Top Reported Effects
-
- Pain Relief
-
- Relaxation
-
- Improved quality sleep
-
- Muscle Relaxation

G150 inflorescence
T20/C4 Sativa
Top Reported Effects
-
- Pain Relief
-
- Relaxation
-
- Focus
-
- Uplifting

evogene
Canonic Announces Full Commercial Launch of its First Medical Cannabis Products in Israel
Canonic moves ahead of schedule with the full commercial launch of its G-nnovation products, following positive feedback from patients during the company's pre-launch campaign
Canonic Announces Positive Results in Pre-Clinical Studies in its Precise Product Program for Medical Cannabis
The results support the successful identification of specific cannabis varieties with antiinflammatory and pain relief properties, for which Canonic recently filed a patent application
Canonic Announces Shipment of its Cannabis Varieties to Europe
Canonic is the first Israeli company shipping cannabis varieties from Israel to Europe, towards planned commercial launch in Europe in 2023
Main Subsidiaries: Industry Landscape
| BIOMICA | lavie bio | agPlenus | (A) CANONIC | ||||
|---|---|---|---|---|---|---|---|
| Microbiome Based Therapeutics | Ag-Biologicals | Ag-Chemicals | Medical Cannabis | ||||
| Company | Market Cap/ Funds Raised |
Company | Market Cap/ Funds Raised |
Company | Market Cap/ Funds Raised |
Company | Market Cap/ Funds Raised |
| UNEVELO | \$221m* | AGBIOME | Raised \$116m* (Sep 2021) |
enko | Raised \$70m # (July 2022) |
CRESCOLABS | \$1.1B* |
| FINCH > | \$124m* | . biotalys | €216m* | moa | Raised \$44m # (Jun 2022) |
curaleaf | \$4.2B* |
| SERES | \$860m* | BIOCERES | \$860m* | Gerthbio | Raised \$55m* (Feb 2020) |
IMCC | \$34m* |
| synlogic | \$77m* | PIVOT BIO | Raised \$430m \$2.0B # # rep. (July 2021) |
115Metis | Raised \$10m* (Oct 2021) |
S INTERCURE |
\$221m* |
* Public company - market cap as of September 12, 2022 (yahoo.finance.com). Bioceres subsidiaries not Marrone Bio Innovations.
Private company - amount raised in most recent financing round (crunchbase.com)
Private company - https://www.botes.com/steams-chilion-aluation-as-it-raiss-ihoping-130-million-is-relater-son-on-m-an-vinet-fedilizers-on-on-an-vinetsustainability/?sh=96ed3572273a
The table presents while thancing round for a selected unter of companis active in the same industries is our substitions is not a orgreses in is not a orgoneres in is not is only, There nay be signifiant offeen companis active in the eather on the table des not initiate potential vale for our substition which in the infraction presented in the table and nay offer signifiantly. Such difference naturity stage, volune of sales, f any product your naturity, technology, and finance position
evogene

Annex I - Financial Fundamentals






Computational systems biology Computational chemistry Bioinformatics Molecular biology Microbiology Genetics Biochemistry


Incl. chairperson
of the board
As of September 13, 2022

Summary
Revolutionizing life-science based product discovery & development, utilizing cutting edge computational biology technologies
Strong computational predictive biology (CPB) platform leveraging synergies between a deep understanding of biology, Big Data and AI
Business ecosystem for product development around tech engines MicroBoost AI, ChemPass AI & GeneRator AI
Computational Biology is an extremely attractive sector in its infancy with leading AI companies including Google newly involved
Dual based business model via subsidiaries or collaborations
Market-orientated subsidiaries generating value
- Biomica Human-microbiome based therapeutics
- Lavie Bio Ag-biologicals
- AgPlenus Ag-chemicals
- Canonic Medical cannabis
Significant catalysts to release value expected in the coming quatres
evogene
THANK YOU!


Annex I: Financial Fundamentals
evøgene
Key Financials: Balance Sheet
Key Points:
- · Consolidated cash position: ~\$35 million as of 30.06.2022, of which ~\$4 million is appropriated to Lavie Bio
- · In addition, Lavie Bio received \$10M in Q3 2022 from ICL
- · No bank debt
- · Full year net cash burn rate, excluding exchange rate impacts in 2022, is expected to be in the range of \$26-28 million (\$18-20 million excluding Lavie Bio)
- · Listed on TASE (2007) and NASDAQ (2016)
| Thousands of US \$ | 30.06.2022 | 31.12.2021 |
|---|---|---|
| Current Assets | 37,705 | 56,890 |
| Long-Term Assets | 18,957 | 19,414 |
| Total Assets | 56,662 | 76,304 |
| Current Liabilities | 5,541 | 6,882 |
| Long-Term Liabilities | 5,724 | 6,002 |
| Equity attributable to equity holders of the Company | 36,949 | 53,653 |
| Non-controlling interest | 8,448 | 9,767 |
| Total Liabilities & Shareholders Equity | 56,662 | 76,304 |