Sustainability Award IdinvestGeneral presentation of M2i

Sept 2018

M2i, an industrial ambition through excellence and innovation

Started in 20123

115 people

60% newly hired

4 sites in France

Expertise in R&D, complex chemistry and agronomy

Main European pheromone producer and developer of biological crop protection products

Sell to individuals, professionals, collectivities and farmers

13 families of patents

More than 18 crops treated

Referenced in more than 25 countries

M2i at a glance

Confidential 3

SALINProduction

M2i mission

3

Propose pesticide-free solutions for biological protection of plants and crops

Produce pheromones from the molecule synthesis to finished product in order to combat invasive pests

Promote risk-free solutions for human beings that also preserve biodiversity

A complementary team of experienced entrepreneurs

Confidential 3

PHILIPPE GUERRET – CEO, Founder

20 years of experience including 12 in life sciences and fine chemistry, founder and former

CEO of Minafin (fine chemistry)

EDHEC Business School

OLIVIER GUERRET – COO, Founder

18 years of experience in organic chemistry and product development, 60+ registered patents

École Polytechnique, PhD in Chemistry

CHRISTIAN LEROUX – General secretary

25 years of experience in public ministries

Lawyer

JOHANN FOURNIL –Marketing and Strategy Director

20 years of experience including 17 in strategy, communication and export with PSA

Peugeot Citroën

EDHEC Business School

R&D: a strategic priority

Confidential

IPREM

Innovative research department...… supported by a prestigious scientific

network

13 patent families & strong IP protection

>25%of staff

>15% PhDs

Strong growth momentum

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Job creations

15

3035

40

2015 2016 2017E 2018E

Workforce

2 510

35

60

2013 2014 2015 30/06/2016 2017

Product launches

Biocontrol & pheromone market

• Biocontrol = 5% of agro market

• A market of 4 Mds € in 2017 with a 25-30% of annual growth

• Pheromones market : 800 millions€ worldwide

Market growth

• Annual growth pesticides vs biocontrol

• Biocontrol worldwide marketgrowth perspectives

Market growth, key figuresAgriculture in France: 11,7Mds€ of commercial (N1 in Europe), and also N1 consumer of

pesticides (60 000t /an). 40% of the surface are rural lands, of which 7% have converted to bio

Growth of the French Bio market is of 1 billion per year

20 billions species of invasive pests in Europe for 250 billion € in agricultural losses

15% fewer pesticides to be used by the private gardeners in 2016

2005 – 2015: scientific publications dedicated to Biocontrol X 3

=> A challenge that’s economic / environmental / societal

Pheromone for Integrated Pest Management

• Pheromones: A pheromone is a substance naturally secreted and emitted in tinyamounts by a species which, once detected by an individual of this species,induces a specific behaviour or reaction. It is an olfactory signal that acts as amessenger between individuals of a single species.These non-harmful substances are reproduced in the laboratory by biomimicry,and can thus be used against pest insects by attracting, confusing or repellingthem.

Biocontrol and Pheromones

06/09/2018

Pheromones are an efficient and ecological solution, the best in the Bio control:

- no damage to the surrounding ecosystems and environment- no residue- no inputs in the soils- selective- no development of resistance- no toxicity to wildlife/ surrounding vegetation/ local residents/ users- Adaptable to multiple applications, general public, private gardens, forestry , market gardening, greenhouses, forests

……But most of all, an efficacious solution

Biocontrol and Pheromones

• A solution to all the demands of organic agriculture :

Agronomy

Health Environnement

Society Economy

M2i technological breakthrough:Micro encapsulation technologyAn exclusive patented technology

A green technology without solvents which is unique on themarket

The wax of the micro capsules are bio sourced and arebiodegradable.

The process of micro encapsulation allows for a controlledrelease of the pheromone

An economically viable solution which is a simple process thatallows for lower doses to be used of the active substance.

A technology that allows for innovative methods of diffusionsuch as the spray or as a projectile.

Less product per diffuser, better controlled, longer lastingresulting in more economical solutions destined for large scaleagriculture.

Slow release micro-encapsulation technology

Pheromone + wax

The load of pheromone depends of duration and on the level of efficiency of the pheromoneThe nature of the wax and the Ratio Wax/pheromone depends on the duration of the releasing system

Each pheromone systems opens opportunity for IP

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Average dispenserM2i Microencapsulateddispenser

Micro-encapsulation by M2i

Multiple assets of the technology

• 100% green and biodegradable, solvent free andbiosourced

• Innovatively designed dispensers and newapplication modes

• Controled release ans extended diffussion

• Improved efficacy

• Extra long shelf life and easier storage

• Novel solutions adapted to all crop types

15

8 different processes invented since 2013

• Gel in pouch

• Granules in pouch

• Gel en sirynge

• Gel in tube

• Paint

• Liquid in bottle

• Sprayables formulation

• Gel in atomiser

• Gel in pellets

Simple & practical application methods

4 to 5 new inventions per year

Awards

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• 2015 Award of the French Organic Chemistry Society

• Twice Winner of the 2014-2018 Ecophyto innovation plan of the French Ministry of Agriculture

• ISGC Green Chemistry Prize 2015

• Enterprise & Environnement Award 2015 from the French Ministry of Environment

• European Award for Environment 2016 & 2017

• Winner of French positive innovation award

• PME of the Year RMC-BFM

Commercial strategy & target customers

• Target customers

- Farmers, Growers, vinemakers,

- Park rangers, forestry personnel, Castles, and those in charge of greenspaces in cities

- Amateur gardeners and urban gardens/farms

• Economic business model

- Direct sale of products under our own brand (PhéroBio by M2i) toprofessionals and amateur gardeners.

- Sales of finished products under white label for retailers, distributors,agro companies

- Co development in partnership with major groups in agro solutions toprovide innovation to large scale agriculture.

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Environmental Impact

Green chimistry

Solvent free formulation technology

Biodegradable material

Substitution to pesticides

Sustainable argiculture

Harmless to growers, consumers and inhabitants

No impact on water and soils

Preservation of biodiversity

Conclusion

Qualified & efficient team

Innovative breakthrough

Various clients portfolio in France and abroad

Strong market growth

Control of the whole value chain

Green technologie for green agriculture

“Don't judge each day by the harvest you reap but by the seeds that you plant.”

Robert Louis Stevenson

Case study: Grape moth

• Sprayable mating disruption :

• 7,5 million hectares of vines in the world, 3.4 million in the EU and 800,000 in France

• 2.1% of cultivated land area in France, but more than 15% of pesticides used

• 60% of toxic residues found on grapes come from the use of pesticides used to fight against grapevine moth

• Organic vineyard area in France tripled from 2010 to 2014

• 5% of French vineyard areas treated by sexual confusion, 45% in Switzerland, 75% in Germany

• Registration on going in France,Italy, Spain, Argentina, Chile, South Africa Target 2018/2019

• Target 70 000 ha treated in 2019/2020

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