Every time you eat, you are

either feeding disease or

fighting it.
That's our core belief.

We set the mission to:

Grow and make the healthiest
greens available worldwide.

How?
Together with our partners and
thanks to our unique horticulture know-
how and technology.
The Greens for Our Future Generation
Will Come From
VERTICAL FARMING

All around the globe Companies from this

industry are speaking about resolving the
world hunger problem. In fact…

SUPPLY CHAIN IS ONE OF THE BIGGEST

CHALLENGE OF THE CONVENIENCE FRESH
FOOD FACTORIES.
Traditional Farming Got Us Here,
AND IT IS NOT GOING TO FEED OUR CHILDREN

Traditional Farming reached its peak capacity and is facing

huge sustainability issues:
GAPS
in traceability
We need to find a new way
50% of global
habitable land of producing healthy food.

The experts agree the solution is

70% of global freshwater

withdrawals
VERTICAL FARMING

21% less productivity due to

climate change

HUGE logistics import costs for

greens
TRADITIONAL FARMING VS VERTICAL FARMING

80% arable land already in

use
FOOD MILES ZERO MILES

LAND <5% Needed for same crop in vertical farm

Food travels from
1.500 to 2.500 miles
on its way to our plate
Reduces the need for long-
distance transport, decreasing
the need for fossil fuel

50% of crops are HARVESTED

HARVEST 90% of crops are successfully

HARVESTED weather-related
dependency and crop
seasonality

70% GLOBAL FRESHWATER

used for soil-based
farming SEASONAL VS YEAR-ROUND
WATER <1% FRESHWATER
used for vertical farming WEATHER (IN) DEPENDENT

KEY ADVANTAGES OF VERTICAL FARMING

CONSTANT & PREDICTIBILE OVER ZERO RISK OF INFECTION ENERGY EFFICIENT

THE YEAR PRODUCTION Zero pesticides farming Renewable energy
method
THE REAL PROBLEMS THAT ALL BIG
FRESH FOOD FACTORIES FACING IS

Proximity to fresh products is crucial for

fresh food factories, as it ensures that
the ingredients used in production are
PROXIMITY
of high quality and have minimal time
between harvest and use.

Price predictability For example, Barilla lost 40% of their

income due to lack of basil crops
unpredictability.
Quantity predictability

Quality predictability

Lack of fresh products

This is what we are calling
HIJACKING THE SUPPLY CHAIN

WE BRING OUR TECHNOLOGY IN

THEIR OWN WAREHOUSES OR IN
FACILITIES NEAR THEIR FACTORY.

We produce it in a predictable way and

with no pesticides.

KEY ADVANTAGES

CONSTANT & PREDICTIBILE

OVER THE YEAR PRODUCTION

ZERO RISK OF INFECTION

Zero pesticides farming method

ENERGY EFFICIENT
Renewable energy
 Vertical farming is GROWING fast all over the world.
This trend can also be seen in Europe's market, where the weather is
ideal for growing greens and vegetables, the supply chain issues make
this suboptimal.

$ 22,493.6 M $ 40,391.2 M
Global market size Global market size

2021 2027

5.8% $ 40,391.2 M
CAGR Global market size

2017-2021 2022-2027

6
Source: Mordor Intelligence Analysis
The Structure of
THE INDUSTRY

VOLUME

B2B TO VERY LARGE CONSUMERS

Supply directly to large consumers

that can be either:
- Large scale consumer

OPERATIONS
COMPLEXITY OF
- Pesto producer
- Distributor
- Supermarket logistic warehouse

RETAIL B2B – SELL DIRECTLY TO HORECA /

B2B2C VIA DISTRIBUTORS / CASH AND CARRY

B2C – DIRECTLY TO CONSUMER / B2B2C – VIA SUPERMARKETS

UNIT REVENUE
 Our business model consists in hacking the supply chain by bringing
OUR BUSINESS MODEL the farmer / producer right next to the consumer, anywhere in the
world, regardless of climate conditions.

VOLUME

B2B TO VERY LARGE CONSUMERS

Supply directly to large consumers

that can be either:
- Large scale consumer

OPERATIONS
COMPLEXITY OF
- Pesto producer
- Distributor
- Supermarket logistic warehouse

RETAIL B2B – SELL DIRECTLY TO HORECA /

B2B2C VIA DISTRIBUTORS / CASH AND CARRY

B2C – DIRECTLY TO CONSUMER / B2B2C – VIA SUPERMARKETS

UNIT REVENUE
 In 2024, we have
scheduled the
opening 14400 sqm
of vertical farm also
with 50 000 sqm of
We are finalizing conventional
one of the biggest tomatoes dutch
indoor vertical farm style greenhouse.
in Europe, intended
to serve the needs
of Eisberg Romania,
scheduled for April
23st
In October 2022 we’ve
built the first vertical
farm in Romania in
partnership with
Kaufland with over
1250 m2 growth area.
What We Grow Efficiently
IN OUR VERTICAL FARMS

We have obtained excellent results on the following crops:

microgreens, flowers, herbs, leafy greens.
Our R&D is experimenting with a wider array of cultures in the following period.

microgreens edible herbs leafy

flowers greens
What Are
MICROGREENS?

Microgreens are young vegetable greens:

approximately 7–10 cm tall, baby plants,
falling somewhere between a sprout and
baby green.

Microgreens are packed with concentrated

nutrients and contain much higher vitamin,
mineral and antioxidant levels than mature
greens.

50x MORE WIDER VARIETY 40x HIGHER

Contents of vitamin and
Nutrients than mature Of polyphenols and other
greens. antioxidant
antioxidants.
concentrations.
What Are
HERBS?

Herbs are rich in dietary fibre, minerals (K

and Ca), vitamins E and A.
Using fresh-cut aromatic herbs is a healthy
way to improve the meal flavour.
The most popular fresh herbs in Europe that
we also grow are basil, chives, mint, parsley,
oregano, coriander, rosemary, and sage.
Basil is the most popular culinary fresh herb in
Europe, making up 60-75% of the total
consumption.
What Are
LEAFY GREENS?

Leafy Greens are an assortment of leafy

greens harvested in the seedling stage
and are rich in vitamin A, B, C, E, and K.
We grow multiple varieties of baby leafs salad
like spinach, rucola, mizuna, kale and head
salad like oak leaf, butterhead and lolo red and
green leaf.
We are studying and testing new varieties to
extend our portfolio by 2023.
What Are
EDIBLE FLOWERS?

More than good looks.

Edible flowers are increasingly being used in
high-end restaurants and can decorate a cake,
spruce up a salad, be made into jellies or be
bottled with oils.
They bring additional opportunities for value-
added products and have high profitability.
We’re proud to have
AN UNIQUE AND INNOVATIVE FARMING METHOD

Thanks to our unique farming method, we

control all inputs that our plants receive.
Together with Research Institutes and world-
leading Universities, we are exploring ways on
how varying the inputs impacts the plants, and
therefore creating intellectual property. With
already promising results, our goal is to
develop such know-how that would enable us
to enrich all our plants with beneficial vitamins
or nutrients. This know-how will be applied to
all our crops, making them better than usual
greens, and we will call them:

ULTRAGREENSTM
Our Business Model Enables Us to
GROW FAST AND TO REACH HIGHER NUMBER OF CONSUMERS

We will exclusively focus on our area of expertise and design, build and operate state-of-the-art vertical
farms. In each market, we will partner with the leading players or consumers.

TASK ULTRAGREENS™ Local / Regional Partner

Design the layout

BUILD THE Finance & Acquire the Equipment Provide us with product mix and quantities
GREENHUB Install the Equipment Provide a suitable space where to install our equipment
Testing & certification

Provide the operational know-how

Train local people
GROW GREENS Workforce to manage the facility
Supply with seeds & various inputs
Provide maintenance

Use the products either in its production process

SALE GREENS License the use of ULTRAGREENS Trademark (eg. a Pesto Producer, salad producer)
Sale the products via internal distribution networks

Cost-plus basis or Profit share with a minimum Joint investment in marketing,

yearly turnover 10% each
Our Sources of
COMPETITIVE ADVANTAGE

HORTICULTURE WORLD-CLASS
EXPERTISE
We can efficiently grow crops in the shortest time
with minimal resources.

TECH KNOW-HOW IN BUILDING STATE OF

ART, FULLY AUTOMATIC VERTICAL FARMS
We can build fast, efficient vertical farms at a low
cost.

OPERATIONAL KNOW-HOW
Together with our partners, we can remotely operate
our farms.

ULTRAGREENSTM
The consumer-facing trademark that will help our
consumers choose the healthiest product out there.
Our Sources of Competitive Advantage
World-Class Expertise in
HORTICULTURE
We take horticulture to the
next level. Our goal is to
develop the technology, the
know-how and to increase
the health benefits of all
our current crops.
We do that by controlling
the inputs – water,
humidity, temperature,
lighting, chemical contents as
well as various machine
learning and AI technologies.
We are working with
research institutes, leading
universities and seed
producers to develop the IP
and know-how and we are
very optimistic about the
results.
One such sample application is
the development of leaves with
a higher content of vitamin
B12 or vitamin C.
Our Sources of Competitive Advantage
TECHNOLOGY

2022 2023 2024 2025

iGreens - continuous updates based iGreens - continuous updates Using biomass to produce
GreenHub 4.0 - IoT on the data collected based on the data collected energy

IoT technology Artificial Intelligence - implement Artificial Intelligence - based Using AI to accelerate
Enables control of the growth environment under which computer vision using real-time on the database and learning growings rates of the
crops are cultivated. automatic data collection sensors and process we create an plants.
devices. autonomous system that makes
CEA - Controlled Environment Agriculture which decisions based on the AI
includes the following: algorithms from seedlings to
- Fertigation System;- Sterilization Systems;- Chemical harvesting.
disinfection; - UV sterilization;- Ozone Sanitation;
- recapturing water from moist and rain
- LED growing light;- Co2 dosing;- reverse osmosis
- proprietary technology for recuperating CO2 form the
heating process and using it in the greenhouse.

iGreens - proprietary software used to integrate all the

processes.

SCADA - BMS system - makes the facility greener,

reducing power consumption

Automated growing rack systems - automatic

pick&place of the trays into growing racks using robots

Our utilization of advanced technology enables us to efficiently

manage and operate vertical farms from a remote location.
Our Sources of Competitive Advantage
OPERATIONAL KNOW-HOW

We have documented all the processes

required for operations and created our
unique operational manual.

Using our unique technology we are able to

remotely monitor and control the production
process.
Training and procedure manuals are ready and
available for our partners.

That means we are able to teach our partners

how to operate and help them be efficient
with their farms, anywhere in the world.

Vlad Zorzonel, CTO

Our Sources of Competitive Advantage
ULTRAGREENS TM

ULTRAGREENS™ is our consumer-facing

trademark and together with our partners,
we will use it as a unique differentiator
as well as a label of quality.

At the same time, we are letting our

customers know that they are consuming
the healthiest products out there.

+ =
 Green HUB
UNIT ECONOMICS

Green HUBs – are vertical farms installed close to a market that serves together with a local, regional partner.

Cost of growing Revenue per

Equipment
plants/m2 market
cost/m2 installed
Cost depends on the mix Revenue depends
Growing surface
of plants as each has a on the mix of Gross Profit/m2
Note this equipment is in m2
different growth cycle. plants grown. We
financed using
We took an average took an average
loans and offtake
based on current based on current
agreements.
production. production

Green hub
Kaufland

2022
280 €/m2 370 €/m2 580 €/m2 260 €/m2 1250 m2
Romania
Green hub
Tatarani

2023
320 €/m2 120 €/m2 355 €/m2 150 €/m2 6500 m2
Romania
Future
Projects

2024
320 €/m2 120 €/m2 355 €/m2 150 €/m2 6500 m2
Romania
Road to
MARKET 2022

SHARE THE HEALTHY

BENEFIT OF OUR CROPS
TO 30% OF THE
EUROPEAN POPULATION

Net revenue EBITDA

€ >1.7 M € 0.3M
Countries where we are operational

Countries where we are in the process of construction

Road to
MARKET 2023

SHARE THE HEALTHY

BENEFIT OF OUR CROPS
TO 85% OF THE
EUROPEAN POPULATION

Net revenue EBITDA

€ 3.2M € 0.8M
Countries where we are operational

Countries where we are in the process of construction

Road to
MARKET 2024

SHARE THE HEALTHY BENEFIT

OF OUR CROPS TO 85% OF THE
EUROPEAN POPULATION
AS WELL AS ME UAE & SAUDI.

Net revenue EBITDA

€ 10.7 M € 3.6M
Countries where we are operational

Countries where we are in the process of construction

FINANCIAL FORECAST

Income Statement 2022 2023 2024 2025 2026 2027

Net Revenue 1.709.375 3.252.500 10.734.375 33.416.250 56.611.875 84.780.000

Gross Profit 912.188 1.433.750 5.892.188 17.210.625 28.305.938 41.212.500

EBITDA 288.200 865.775 3.672.380 11.369.587 19.609.899 29.192.529

Income Statement 2022 2023 2024 2025 2026 2027

EBITDA Margin % 19% 22% 32% 34% 35% 34%

Net Profit Margin % 1% 11% 20% 22% 23% 23%

Corporate
STRUCTURE

ULTRAGREENS™ RESEARCH TECHNOLOGY SEED

DEVELOPMENT CO. RO INSTITUTE UNIVERSITIE
S
PROVIDERS SUPPLIERS

ULTRAGREENS™ CH HOLDING COMPANY

Owns all IP, Trademark and Patents

Companies that we own or open in a joint venture with

our partners for each geography

Equipments* &
Installation Royalties in exchange for a % of LOCAL LOCAL
turnover PRODUCTION PRODUCTION
Training
Licence the IP HUB 1 HUB 2

LOCAL
PRODUCTION
Supply of seeds & ingredients HUB EASTERN LOCAL LOCAL
EUROPE, RO PRODUCTION PRODUCTION
Maintenance & Support Cost Plus Basis
HUB 3 HUB n

* Equipment financed using debt and offtake agreements

Some of Our
ACHIEVEMENTS

We already provide high-quality microgreens, salads and aromatic herbs under our local brand in the
largest retail and wholesale groups.
Some of Our
ACHIEVEMENTS

Since 2014 we have germinated and grown over 200M

plants in our hydroponic facilities.

In 2018 we developed our proprietary hydroponic

vertical farming system, named Microsera, that is
currently available in 25 locations, helping us gain the
operational experience and the know-how on efficiently
building remote green hubs.

We are offering a complete farming-as-a-service solution

by placing our farms next to the food & vegetable aisle,
helping stores to maximize the opportunity of sales and
optimize costs.
FORECASTED DEVELOPEMENT

2022 2023 2024

New area Total area New area Total area New area Total area
build m2 available m2 build m2 available m2 build m2 available m2

Traditional area 5.000 m2 50.000 m2 50.000 m2

6.250 m2 69.750 m2 134.150 m2
Vertical area 1.250 m2 13.500 m2 14.400 m2

Bulgary 2.5 Ha, Czech R,

Location Gorgota, Ploiesti Tatarani, Bulgary, Lidl RO Germany, Slovakia,
Romania 2.5 Ha

Income €1.7M €3.2M €9.5M

A Capable and
EXPERIENCED TEAM

Cristian Tudor Highly innovative, award-winning team with a proven capacity

to execute and scale the business globally.
Founder and CEO

Carmen Andrei Vlad Zorzonel Bogdan Manoiu Victor Potra Laura Plugaru
Co-Founder & COO Co-Founder & CTO Chairman of the board & Head of Project Management Head of Marketing
Chief strategy officer

Bogdan Cimpean Alina Hagiu Adrian Bizgan Cristian Parapiru Mihail Savaniu
Corporate finance CFO R&D Director Food safety & Mechanical design & Machinery
Head of Certification development
DISCLAIMER

This Confidential Introductory Memorandum (“CIM’”) has been prepared by the Company, using
documents and information obtained from public and private sources. By receiving this CIM, the
recipient agrees and acknowledges that (i) it will not copy, reproduce or distribute this CIM,
whether in full or in part, at any time to any third parties without the prior written consent of the
Company (ii) it will keep confidential all or any information contained or referred to herein which
is not already wholly in the public domain, (iii) it will use this CIM only for the sole purpose of
evaluating its interest in the project; and (iv) in the event at any time the Company requests,
this CIM, together with all other material relating to this project which the recipient may have
received from the Company or prepared or elaborated based on or containing those materials
and information, will be immediately returned to the Company, or destroyed with written
confirmation of such destruction to the Company.

The information, financial analysis and projections contained in this document are provisional
and whilst they are based on sources believed to be reliable, no representation or warranty,
express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of the information and opinions contained in this document, and the
Company or any of their affiliates, directors, members, officers or employees shall not have any
liability whatsoever whether in contract, tort or under any applicable law or regulation (and
whether for negligence or otherwise) for any loss howsoever arising from any use of this CIM or
its contents or otherwise arising in connection with this CIM. This CIM may not be reproduced or
redistributed to any other person or published in whole or in part for any purpose. By receiving
this CIM you agree to be bound by the foregoing limitations. This CIM should be used solely to
enable the recipient to evaluate their interest in the project. The recipient agrees that unless and
until definitive agreements regarding the project have been executed the Company, the
Company will not be under any legal obligation of any kind whatsoever with respect to the
project. The recipient further acknowledges and agrees that the Company reserves the right, in
its sole discretion, to reject any and all proposals made by the recipient with regard to the
project and to terminate discussions and negotiations with the recipient at any time. The
interested parties acknowledge and agree that they are not entitled to claim any costs and/or
expenses incurred in connection with the process.