EX-99.2 3 exhibit_99-2.htm EXHIBIT 99.2

Exhibit 99.2
 
  Company PresentationOctober, 2017    Ofer Haviv, President & CEO 
 

 Safe Harbor Statement  2  This presentation contains "forward-looking statements" relating to future events, and we may from time to time make other statements, regarding our outlook or expectations for future financial or operating results and/or other matters regarding or affecting Evogene Ltd. or its subsidiaries (collectively, “Evogene” or “we”), that are considered “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995 (the “PSLRA”). Such forward-looking statements may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “intend” and “potential” or words of similar meaning. For these statements, Evogene claims the protection of the safe harbor for forward-looking statements contained in the PSLRA. Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements, and trends in the future of Evogene may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond Evogene's control, including, without limitation, those described in greater detail in our Periodical and Annual Reports, including our Registration Statement on Form F-1, Annual Report on Form 20-F and in other information we file and furnish with the Israel Securities Authority and the U.S. Securities and Exchange Commission, including under the heading “Risk Factors.” All written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the previous statements. Except for any obligations to disclose information as required by applicable securities laws, Evogene disclaims any obligation or commitment to update any information contained in this presentation or to publicly release the results of any revisions to any statements that may be made to reflect future events or developments or changes in expectations, estimates, projections and assumptions.  The information contained herein does not constitute a prospectus or other offering document, nor does it constitute or form part of any invitation or offer to sell, or any solicitation of any invitation or offer to purchase or subscribe for, any securities of Evogene or any other entity, nor shall the information or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any action, contract, commitment or relating thereto or to the securities of Evogene. The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of the products or services of Evogene.  
 

 What We Do  3  We develop novel products for life- science markets…  …through the use of a unique computational predictive biology platform 
 

 About Us  4    Evogene is a leading company for the development of novel products for life science markets through the use of a unique computational predictive biology (CPB) platformToday, focused on developing products in three fields in the Ag world: Seeds, Ag- Biologicals and Ag-ChemicalsTwo subsidiaries: Evofuel (100%) - Castor Seeds and Biomica (90%) - Human MicrobiomeStrategic collaborations over the years with world-leading companies such as BASF, Bayer, DuPont-Pioneer, Monsanto, Syngenta and ICLRevenue stream: (i) R&D payments, (ii) milestone payments (iii) royalties from product salesAn updated strategy was defined - consists of shorter time to market and more downstream activitiesAdditional Facts:Located in Rehovot, Israel and St. Louis, Missouri, US~160 employees, ~ 50 PhDs Traded on NASDAQ and TASE, covered by Credit Suisse and Piper JaffrayCash position: ~80 million USD as of June 30th , 2017; no debt 
 

 Evogene – An Evolving Story  5  Seed TraitsYield & ABSTPlant Disease  2007 - 2013    IPO TASE - IPO NYSE    EvofuelCastor Seeds    (100%) 
 

 Evogene – An Evolving Story  6  Ag ChemicalsHerbicides  Ag BiologicalsBio stimulants  Seed TraitsYield & ABSTPlant DiseaseInsect Control  2013 - 2017      IPO NYSE – Sep 2017      EvofuelCastor Seeds  (100%) 
 

 Evogene – An Evolving Story  7  2017 - Onward  Ag ChemicalsHerbicidesInsecticides  Ag BiologicalsBio stimulantsBio Pesticides  Seed TraitsYield & ABSTPlant DiseaseInsect ControlGenome Editing        BiomicaHuman Microbiome based Therapeutics    Sep 2017 - Onward    EvofuelCastor Seeds  (100%)  (90%) 
 

 Corporate Structure  8  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Corporate Structure  9  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

   Evogene’s Unique Product Development Approach   10    criterion A  Numerous criteria nowadays have made traditional linear methodology inefficient   Evogene takes product criteria into account at Stage Zerofocusing only on optimal product candidates    criterion F  criterion E  criterion D  criterion C  criterion B  Increasing probability of successReducing time to marketReducing budget  Product Definition  Successful Product Launch 
 

 ‘Connecting the Dots’  11  Evogene has created an integrated technological predictive platform that combines deep biological understanding with cutting-edge computational technology 
 

 ‘Connecting the Dots’  12  The platform includes intelligent algorithms that integrate and analyze vast data within the eco-systems, predicting cross dimensional interactions within a multi-dimensional space this is what we refer to as - ‘Connecting the Dots’   Evogene has created an integrated technological predictive platform that combines deep biological understanding with cutting-edge computational technology 
 

 Example of ‘Connecting the Dots’ for Novel Herbicides  13    Chemistry  Biology  Delivery / Application  Chemoinformatics  Novelty  Diversity  Tox.  Synthetability  Structure prediction  Energy calculation  Druggability  Selectivity  Safety  Resistance  Structure based design  Mobility  Phytotoxicity  Metabolism  Absorbance  Formulation  MD simulations  Docking  Binding mode   Eco-Tox.  Stability  Ligand based design 
 

 Computational Predictive Biology (CPB) Platform    Interconnected data hub    Science: unique multidisciplinary scientific approach          Tailored big data        Analysis platforms using machine learning/AI to identify candidates    Chemical discovery    Stack discovery     Target discovery    Gene discovery     Gene optimization     Toxin discovery    Microbial Discover/ Optimization  Driving Innovation ‘Connecting the Dots’  150K  20K  150K  15K 
 

 15  Validation and Development System 
 

 Partnerships Through the Years  16 
 

 Corporate Structure  17  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Product Selection Considerations   18  Large market opportunity and clear need for innovationThe major industry roadblock to developing innovative products is the need to ‘Connect the Dots’There is a clear path and reasonable time to commercialization and /or well-recognized value enhancing milestones during development period Leveraging on existing assets accumulated over the years to be able to form collaborations at an advanced stage of product development and at better financial termsContinuing work with partners on existing product programs, advancing discoveries in partners’ pipelines to re-focus initial discovery outputs to more downstream potential product offeringsEffective new products will contribute to human well-being 
 

 Corporate Structure  19  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

   20  Yield and environmental stress - potential to increase yield and plant adaptability to environmental stressDisease resistance – limited seed trait solutionsInsect control - overcome insect resistance to available commercial solutions  Ag-Seeds - $37B1 (2015)   Ag SeedsBiotechnology Seeds & Genomic Edited Seeds  Source: Phillips McDougall           Seed trait   Safety   Product  Environment    Stability     Efficacy   Ag Seeds – Market, Need & ‘Connecting the Dots’  ‘Connecting the Dots’ 
 

 21  Collaboration Example - Monsanto     Improvedseeds  Gene discovery and trait optimization  Development and commercialization  Model plant validation  Target plant validationand development      CPB        Collaboration period - 10 yearsObjective - improved seeds via biotechnologyCrops - corn, soybean, cotton, canolaTraits - Yield, drought tolerance, fertilizer utilizationDisease resistance – Fusarium resistance in corn    Key terms - R&D and up-front payments - total ~$68MMilestone payments + royalties from sales$30M equity investment (including $12M in IPO) 
 

 Genome Editing – New Promising Technology  Novel method for improving seed traitsResulting products may be considered Non-GMO with shorter time to marketMajor opportunity for all crops and locations   22      Evogene’s unique advantage – ‘What to edit’ Technological capabilities, knowledge and proprietary plant genomics big data, allow the identification of required edit-targets for crop improvement    
 

 Genome Editing – Product Development Impact  23  Discovery  Phase I/POC   Phase IIEarly Development  Phase IIIAdvanced Development & Regulatory   18-24 months  4-6 years  2-4 years  1-2 years  8-16 years  Discovery / POC  Phase II Field testing  Phase I Creation of edits  Phase IIISeed production  12-24 months  6-12 months  12-24 months  12—36 months  5-8 years            Conventional GM route*:   New Genome Editing non GM route**:   Non GMO approval could be given at this stage  * Further details can be found in Evogene’s 20-F filing, pg. 36** According to industry estimates 
 

 Corporate Structure  24  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Ag-Biologicals – Market, Need &‘Connecting the Dots’  25  Expected to reach $9B in 2020Short time to market – according to industry estimates may take only 5 years from initial work to market, depending on regulation. Reduced development costsNeed for novel solutions with stable performanceMicrobiome a promising source for innovation, now accessible via maturing technologiesIndustry leaders getting in on the action  Ag-Biologicals - $3B1 (2014)   Ag BiologicalsBio-stimulants & Bio-Pesticides  Source: Phillips McDougall   ‘Connecting the Dots’    Plant  Pest  Microbiome(plant/ pest) 
 

 Collaboration Example - DuPont-Pioneer  Initiated in 2017Objective - Develop and commercialize microbiome based bio-stimulant products that improve corn yieldCurrent stage - Early developmentActivities -Evogene and DuPont-Pioneer to further develop candidate products in target regions in the USDuPont-Pioneer to commercialize products through its world-leading seed treatment business  26  Pre-commercialization   Developmentstage 2  Development stage 1   Discovery  Early development       
 

 27  Internal Program ExamplePositive results in corn & wheat field bio-stimulants programs  Upcoming milestone: conclusion of 2017 results and nomination of microbial teams for 2018 trials in US  Improved vigor and biomass resulted with >15% increase in spikelet weight and yield per plant    EVM6810005      Non-inoculated  Improved ear size and weight at harvest resulted with 17% increase of yield per plant    EVM6810005  Main ears at harvest  Main ears at harvest  Non - inoculated  (p < 0.05)  (p < 0.1) 
 

 Corporate Structure  28  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

   ‘Connecting the Dots’  Ag-Chemicals – Market, Need & ‘Connecting the Dots’  29  Crop protection Ag-chemicals responsible for ~50% of key crops yieldIncreasing pest resistance to existing products creates a strong need for novel Ag-chemicals  Ag-Chemicals - $50B1 (2015)   Source: Phillips McDougall   Ag ChemicalsHerbicides & Insecticides  Chemistry  Biology  Delivery / Application  Chemoinformatics  Novelty  Diversity  Tox.  Synthetability  Structure prediction  Energy calculation  Drugability  Selectivity  Safety  Resistance  Structure based design  Absorbance  MD simulations  Docking  Binding mode   Eco-Tox.  Formulation  Stability  Ligand based design  Mobility  Phytotoxicity  Metabolism 
 

 Collaboration Example - BASF  Initiated in 2015, collaboration period - 3 yearsObjective - Herbicides with new MOA Discovery stageActivities:Evogene to identify novel targets and target-linked chemical candidatesBASF to screen & validate the chemical candidates and further develop successful candidates towards commercial products    InnovativeHerbicide  Chemical screens   Target and chemical candidates discovery  Screening, development and commercialization  CPB  Targets &chemicals  Chemicalhits  Development,regulation& registration  30       
 

 Ag-Chemicals Internal Pipeline  31  Discovery  Pre-development  Development & registration  2-3 years  3-4 years  3-4 years  Target  Target identification  ComputationalScreen  Hit Validation  Hit-to-Lead  Lead optimization  Herbicides            Targets I-VII            Target VIII            New targets            Insecticides            Target I            Targets II-IV            >10 Hits computationally linked to new targets  AI optimization  5 targets  AI optimization  New SoAs  Upcoming milestone – Initial Leadsefficacy improvement through optimization and target biological proof 
 

 Corporate Structure  32  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Evofuel  33  Genomics & Technology- advanced breeding and varietiesSeed production- Castor bean fields for the production of seedsAgro-technical support- Market specific crop protocolsMechanical harvesting solution support     Providing farmers with the most advanced castor seeds & ag-service solutions    Source: Grand View Research, August 2016, http://www.grandviewresearch.com/industry-analysis/castor-oil-derivatives-industry**http://www.grandviewresearch.com/press-release/global-castor-oil-derivatives-industry  The global castor oil and derivatives market is expected to reach USD 2.30 billion by 2024** 
 

 Evofuel Global Footprints   34  Target: fully integrated chain – seed to oil  Target: fully integrated chain – seed to oil    Field trials – adapting to local conditions(Dom. Rep.)  Pre-Commercial field trials  Casa 
 

 Corporate Structure  35  Evogene   Computational Prediction Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Biomica   36          Sources: BCC Research (2017) – Human Microbiome-based Drugs and Diagnostics MarketSVB – Emerging Healthcare: Microbiome Investment Trends Aug 2017)     Discovery and development of human microbiome based therapeutics utilizing computational predictive biology (CPB) platform   Strong scientific correlation between human microbiome and a wide range of diseasesMicrobiome-based therapeutics may complement existing therapies in treating known diseases  ~$ 10Bn market opportunity by 2024$840M invested in microbiome space since 2010 Big pharma and VCs deeply engaged     
 

 Biomica – ‘Connecting the Dots’  37          Candidates in silico  Bacterial Strains  Bacterial functions  Host genomics  Host clinical data  Evogene’s computational platform enables multi-layer analysis to support the discovery of highly efficacious therapeutic candidates and relevant microbiome-based biomarkers  Multi-layer analysis in support of discovery of efficacious therapeutic candidates and disease biomarkers 
 

 Corporate Structure  38  Evogene   Computational Predictive Platform  Ag Divisions   Seeds   Biologicals   Chemicals  Evofuel  Biomica 
 

 Evogene Highlights  5  2  3  4  Strong balance sheet  1  Engine for next generation product for life science - targeting multi-billion dollar markets   Unique technology platform (CPB), combining expertise in life science and cutting-edge computational technology – ‘Connecting the Dots’  Diversified product portfolio with clear paths to milestone payments and royalties   Innovation partner-of-choice for industry leaders  39 
 

 Thank You  Contact:investors@evogene.comT: +972 8 931 1934 
 

   41  Appendix - Financials 
 

 Key Financials – Balance Sheet  42  Thousand US $  30.6.2017  31.12.2016  Current Assets  81,821  89,490  Long-Term Assets  5,625  6,496  Total Assets  87,446  95,986  Current Liabilities  4,633  5,225  Long-Term Liabilities  3,478  3,472  Shareholders Equity  79,335  87,289  Total Liabilities  87,446  95,986  Key Points:  Cash position: 80 million USD as of 30.6.2017 No debtEstimated net cash usage for 2017: $16-$18 million 
 

 Key Financials – P&L  43  Thousand US $  H1 2017  H1 2016  2016  Revenues  1,899  3,824  6,540  Gross Profit  234  734  901  Operating Loss  (10,426)  (9,765)  (21,089)  Net Loss  (9,590)  (7,835)  (19,592)  Key Points:  Revenues consist primarily of R&D revenues, reflecting cost reimbursement under our collaboration agreementsAdvancement of our collaboration agreement with Monsanto reducing R&D revenues