savor

More than just a meat alternative. A game-changing platform.

December 5 , 2021

The information contained in the presentation does not constitute an offer or invitation to make offers for the purchase of securities of SavorEat Ltd. (the "Company").

This presentation was prepared by the Company for the purpose of a general presentation of certain details about the Company, and therefore, the information contained therein is only concise, and does not exhaust the complete information about the Company and its activities.

This presentation is not intended to describe the Company's activities in full and in detail, and it is not intended to replace the need to review the Company's official public reports (the "Reports") through the Israeli Securities Authority's Distribution System (the MAGNA) and / or the Tel Aviv Stock Exchange's information distribution system (the MAYA), including the Company's complete and final prospectus ( "The Prospectus"), and should be read in conjunction with such Reports and Prospectus published by the Company by virtue of the provisions of the Securities Law, 5728-1968 and regulations thereunder.

The information contained in this presentation does not purport to encompass or contain any information that may be relevant for the purpose of making any decision regarding investment in the Company's securities.

The following presentation may contain forward-looking statements that include, but are not limited to, projections about our business and our future revenues, expenses and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual events, results, performance, circumstances or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements due to factors not under the Company's control, that include, but are not limited to: (1) Uncertainty in the global market; (2) Continued spread of the COVID-19 virus; (3) Exchange rate fluctuations; (4) Fluctuations in raw material prices and restrictions on their use; (5) Changes in regulation; (6) Fierce competition; (7) Lack of funding capabilities and sources for continued activities; (8) Technological developments and changes; (9) Slowdown in research and development process; (10) Dependence on professional and skilled manpower; (11) Failure to enter into cooperation agreements; (12) Intellectual property protection and Uncertainty regarding patent applications; (13) Failure in research and development plans; (14) lack of profitability in the coming years; (15) Restrictions by the Israeli Innovation Authority in connection with the transfer of production rights and / or the transfer of knowledge from the State of Israel.

The presentation includes data and statistical publications published by third parties, the content of which has not been independently reviewed by the Company, and for which the Company is not responsible. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this slides. The Company undertakes no obligation to update any forward-looking statements, to report events or to report the occurrence of unanticipated events that may lead to the actual events, results, performance, circumstances or achievements of the Company being different than as envisaged by such forward looking statements.

SavorEat is developing plant-based alternative products that feel and taste as close as possible to real meat.

The product will be made by a smart robot (digital manufacturing technology), incorporating integrated cooking system of the meat alternatives and dish preparation based on diner's preferences

The company's vision is to provide a customized, tasty, and healthy solution while solving significant challenges which the company has identified in the rapidly evolving meat alternatives market.

Over 100 million Americans are actively seeking alternatives to animal products. 57% of all U.S. households purchased food from plant sources (over 71 million households).
Animal proteins are perceived as a high-fat saturated food, while plant proteins are rich in healthier dietary fibers, unsaturated fats, and antioxidants

Sources: (1) Nielsen, WeForum, GFI

By 2050, food production should increase by at least 56%
In 2050, we'll need to feed 10 billion people
Environmental and moral issues continue to concern consumers
The cost of slowdown in the global economy caused by COVID-19
\$55 billion annual cost caused by other food contamination

▪ Plant-based alternative protein companies received \$2.1 billion in investments in 2020—the most capital raised in any single year in the industry's history and more than three times the \$667 million raised in 2019

Plant-based foods sales have grown 43 percent in the past two years- nine times faster than total food sales while meat sales increased by 19.2%.
Plant-based food sales grew almost 2.5x faster than total food sales from 2018 to 2020

\$140 Billion by 2029(1)

Today the meat alternatives industry is estimated at about \$14 billion
By 2029, it will reach up to 10% of the global meat market about \$140 billion
80% of consumers today are more likely to make a purchase when brands offer personalized experiences (2)
This approach is also becoming common in the food industry And many companies are developing approaches and products for "personalized nutrition".
Personalized nutrition market size to reach USD 16.70 billion by 2026, growing at a CAGR of 16.53% during the period 2021-2026. (3)

Sources: (1) Barclays, (2) Epsilon (3) Yahoo

Most meat alternatives have a homogeneous texture which affects the overall experience of the dish; SavorEat's technology is designed to enable heterogeneous texture, offering meat experience in a plant-based product.

The product will be cooked right before serving as an integral part of the production process and without human touch, thus minimizing microbiological risks and allergen concerns

SavorEat's products are in-line with

consumer demands for sustainable options.

and limited range predetermined in the production; The company, following global trend, will enable the production of customized products on the spot.

Spot on consumers' needs and preferences

Proprietary digital manufacturing technology

in an automatic cooking machine

Purely plant-based ingredients combined with a proprietary ingredient

Advanced tech allows us to store and process all customer-preference data

choose a dish from the menu, and pick preferences (size, protein, doneness). Then push the button.

Load cartridges into our . And let it go to work.

Produce & cook fresh dishes simultaneously within a few minutes.

Commercialization of the company's first flagship product: a plant-based burger, digitally manufactured by the company's unique Robot Chef, according to the diner's preferences, targeting the Israeli and US food service segment

Commercialization of additional products (turkey and pork plant-based alternatives) leveraging the company's abilities and digital production platform.

Expansion to new global markets

Development of additional types of protein alternatives, such as sea food and poultry, along with adjustments to the production process

Development and commercialization of a home-use Robot Chef appliance

The foodservice market: institutional kitchens, restaurants, cafeterias, hotels

Commercialization in the local market and the American market, followed by additional markets later on

External distributors and logistics companies

Sale of machines

Sale of cartridges for the production of a variety of food products

Most of the profits come from the sale of the cartridges Commercialization during 2023

18.5 M \$ raised, including 13M \$ through IPO on TASE
The company received the Israeli Innovation Authority approvals for grants in total sum of approximately 1.6 M \$ for the developments of the company's product.
Millenium Food-Tech
Mor Investment House
Altchuler-Saham (Psagot)
Meitav Dash

As of June 30, 2021, the reflected average cash burn rate is approximately \$ 350K.

Completion of product development and feasibility tests for target market
Continued development of additional food products, expanding customization options
Cost saving
Strengthening company's intellectual property assets
Development of additional product applications in the food industry, using the company's unique raw material (egg'n'up subsidiary e.g)
Establishment of operations in the target market
Preparation for commercialization in the US and Israeli markets
Production trials and scale-up
Brand building

Our First Product: The Plant-Based Burger

▪ Company establishment ▪ Product development

1 st prototype
production for R&D
The world's first printed meatless burger

Strategic partnership with Sodexo US
Collaboration with Yarzin-Sela food service group
Received Israel Innovation Authority support
Production of prototypes of the Robot Chef system and of the raw material cartridges, which will be used in the first pilot in the BBB network.

▪ Research initiation at the Hebrew University

Raised SEED round
Initiated the development of our second prototype

Received Israel Innovation Authority support
Raised A round, \$5.5M
IPO in the TASÉ,
Established strategic
- partnerships with BBB chain Israel
Collaboration with a leading corporation from the food industry for the joint development of formulations

- Development of an advanced Robot Chef version and formulation

Consumers tasting tests
Cartridges Production agreement
Established strategic partnerships with Sodexo
Pilot at BBB
Production for commercialization
Commercialization of the product in the markets

preparations

customers

▪ Additional consumer pilots

into the company's platform

▪ Integrating cultural meat ▪ Commercialization ▪ Agreements with potential

The Information regarding future events is forward-looking information and as such the company has no control over it and it may be significantly different from what the company initially estimated

Today's Technology is Evolving

Meatless chicken breast
Turkey and pork alternatives
Minced meat alternative
Sea food alternatives
Hybrid products with cultured meat

Egg'n'up is developing sustainable alternative egg products using proprietary plant-based ingredients to get the egg's unique taste, texture, appearance, and functionality properties without compromising on taste and nutritional values.

Purely plant-based ingredients with a proprietary texture generating material

Estimations for market Size of egg alternative products by 2026²

Sources: https://www.globenewswire.com/news-release/2020/01/22/1973404/0/en/Global-Egg-Replacement-Ingredients-Market-is-Expected-to-Reach-2-1-Billion-by-2026-Fior-Markets.html

• Restaurants, diners, burger restaurants' chains • Food trucks • Institutional kitchens: workplaces, universities, hotels, schools, etc. • Airlines

• In the future, B2C products

• Pilot in the Israeli culinary world

• Collaboration with food and catering services giant Sodexo USA - pilot at higher education institutions

3-Dimensional Printing of Food PCT/IL2016/050731. Status: national phase
Australia Patent Authority patent for the printing method, Patent Number: 2016290223
1 core patent application (projected expiry of any issued patents: 2033)
The invention concerns a process and system for the production of a nutritional low- calorie food product, and food products printing
The company holds an exclusive license from the Hebrew University for commercial use of the invention covered by the above patent
A unique know-how for the production of an innovative raw material that will be used in the company products