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Bee Vectoring Technologies June 24, 2020 Ashish Malik, CEO TSXV:BEE OTCQB:BEVVF 1 Nature’s Solution for Healthy Crops Confidential – Not For Distribution

Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

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Page 1: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Bee Vectoring Technologies June 24, 2020

Ashish Malik, CEOTSXV:BEEOTCQB:BEVVF

1

Nature’s Solution for Healthy Crops

Confidential – Not For Distribution

Page 2: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Forward-Looking Statement

2

This presentation contains certain forward-looking statements that may involve a number of risks anduncertainties. Actual events or results could differ materially from Bee Vectoring Technology (“BeeVT”,or, the “Company”) expectations and projections. The TSX-V has neither approved nor disapprovedthe information contained in this presentation. Except for statements of historical fact relating to theCompany, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan", "expect", "project","intend", "believe", "anticipate" and other similar words, or statements that certain events orconditions "may" or "will" occur. Forward-looking statements are based on the opinions andestimates of management at the date the statements are made, and are subject to a variety of risksand uncertainties and other factors that could cause actual events or results to differ materially fromthose projected in the forward-looking statements. These factors include the inherent risks involvedin the development of biotechnology related products, product obsolescence, the uncertaintiesinvolved in patent defense and complexities and timelines associated with agriculture related productapprovals in multiple jurisdictions., the possibility of project cost overruns or unanticipated costs andexpenses, uncertainties relating to the availability and costs of financing needed in the future andother factors. Circumstances or management's estimates or opinions could change. The reader iscautioned not to place undue reliance on forward-looking statements.

Page 3: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Introduction to BVT and Market Context

Technology and Value Proposition

Business Update

Compelling Investment Window

Page 4: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

4

AGTECH – THE NEW DISRUPTOR Emerging industry’s size and importance to the Global economy

has attracted the attention of investors

Source: Forbes, March 8, 2019, “The AgTech Industry May be Growing Up, AgFunder Reports”

Sustainable

Agricultural

TechnologyThe reshaping of global ag by

increasing productivity of the

system while reducing the

environmental and social costs

of current ag production

practices.

$17 billion

in funding across

1,450 investments

AgTech witnessed bigger

deals, growth in late stage

investments and more exit

opportunities for investors.

According to AgFunder’s AgriFood Tech Investing Report,

2018 was a “record breaking year” for the industry with:

Page 5: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

5

BiologicsDelivery

by Bees+ = Up to 30% higher yields

and 98% less chemicals

Proprietary Microbe: BVT CR-7

BVT IS A CORE AGTECH COMPANYEPA-Approved, Patented Technology Reduces Use

of Chemicals and Increases Crop Yields

Precision delivery: use grams

NOT kilograms

Natural: biologicals NOT

chemicals

Sustainable: natural process

NOT mechanical with heavy

reliance on water and fuels

Profitable: consumer friendly

crops with higher yields; better

quality and shelf lifeThe only Natural Precision Agriculture tool

Page 6: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Harnessing the power of nature:Biologicals support crop resilience in a sustainable way.

BVTbiologicals

The $240 billioncrop protection and fertilizer

market worldwide

Biopesticides Biofertilizers Biostimulants

DERIVED FROM

NATURAL MATERIALS

MARKET POTENTIAL

6

Page 7: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

7

$350million pollination

services market

3 million hives rented for

pollination annually

“BEE”CONOMICSBees are moved from state to state all year round to

pollinate crops and enhance agricultural productivity

Map Source: PBS.org adapted by USDA and other sources, as of June 2014

2,000 commercial

beekeepers

Melons

AlfalfaSunflowers

Avocados

Cucumbers

Melons

AlfalfaCitrus

Melons

Sunflowers

Blueberries

Blueberries

Melons

Cherries

Citrus

Apples

Cucumbers

MelonsBerries

Melons

Melons

Blueberries

Cucumbers

Almonds

Citrus

ApplesCucumbers

Melons

Cucumbers

Blueberries

BlueberriesPlumsAlfalfa

Berries

Cherries

Apples

Cucumbers

Cherries

Apples

SunflowersPears

Plums

Cherries

Canola

Apples

Alfalfa

Cranberries

Raspberries Alfalfa

Blueberries Cranberries

Apples Blueberries

Dashed line represents distinct pollination routes

Page 8: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Introduction to BVT and Market Context

Technology and Value Proposition

Business Update

Compelling Investment Window

Page 9: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Our Technology: Proven Over 5+ Years of Successful Trials

9

``

Plant Protection, Crop Enhancement in Flowering CropsProprietary Microbe:

BVT CR-7

Clonostachys rosea

Treatment Agents Delivery Methods Crop and Effect

BVT CR-7

Insecticide

Nutritional

Proprietary

Delivery System

60+ Patents Granted, 30+ Pending Patents | IP Maximized Through 3rd Party Agreements

Page 10: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Our Technology: Proven Over 5+ Years of Successful Trials

10

``

Plant Protection, Crop Enhancement in Flowering CropsProprietary Microbe:

BVT CR-7

Clonostachys rosea

Treatment Agents Delivery Methods Crop and Effect

Seed Treatment FoliarFungicidal and Plant Health

Effect of CR-7 in diverse Crops

3rd Party Biocontrols

Traditional Applications

BVT CR-7

Insecticide

Nutritional

Proprietary

Delivery System

60+ Patents Granted, 30+ Pending Patents | IP Maximized Through 3rd Party Agreements

Page 11: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

11

Vectorpak™

Vectorite™ + CR-7

Pollen

Pollinating bees walk through dispensers containing specially formulated VECTORITETM powder

Beneficial microbes (biocontrol agents) contained in VECTORITE attach safely to bees who then fly with the biocontrol agents

Bees visit flowers containing pollen throughs normal foraging behavior, and deposit the biocontrol agents

Biocontrol agent colonize plant tissue and protect plant against pests

Bees return to their hives carrying pollen

Bumble beesMechanical dispenserVectorpakTM trays contained inside the hive

HoneybeesElectromechanical dispenserVectorpakTM cartridges secured outside the hive

1

2

3

4

5

1

1

2

2

33

44 5

5

Bee Vectoring: How it works

Page 12: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

How BVT Stacks Up to Spraying

12

2.5 month strawberry season *

* Amount of BVT CR-7 used in 2 hives per acre with Vectorite with CR-7 trays

replaced every 5 days vs. 10 sprays of Switch fungicide at rate of 14 oz/ac.

N A T U R A L P R E C I S I O N

A G R I C U LT U R E

BVT

T R A D I T I O N A L

A G R I C U LT U R E

Spray

0.02 kgOF BVT BIOLOGICALS ARE USED

4 kgOF PESTICIDES ARE USED

Page 13: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Introduction to BVT and Market Context

Technology and Value Proposition

Business Update

Compelling Investment Window

Page 14: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

14

EPAA P P R O V E D

August 27, 2019: BVT’s Clonostachys rosea strain CR-7 and Vecorite™ with CR-7 gained

regulatory approval from US EPA. The registration gives BVT license to operate across the

US and make claims as a “biological fungicide.”

EPA Registration No. 90641-2 Significant Firsts

1st product registration for BVT

1st registration in US for a product delivered by bees

Full, unconditional registration

Includes delivery by bumble beesAND honeybees; for use on all relevant crops

Accelerates global expansion

EPA is a model agency outside the US; ex-US approvals shouldmove faster and more easily

EPA approval gives BVT:

A significant asset

Industry and grower credibility

License to operate

1

2

3

Page 15: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Proven Value Proposition on Multiple Crops

15

BVT (2 & 3) Better control of botrytis (3% incidence vs 13%)

BVT + 50% Chem (3): highest marketable yield (+26%)

(1) Chemical Only

(3) BVT +50% Chemical

BVT Value PropositionSTRAWBERRIES Case Study

50% reduction in fungicides

US $200 savings

US $3,200 / acre

Higher yield: +10% average(range 6-29%)

(2) BVT +

Chemical

A STRAWBERRY

FARMER COULD EARN

$3,400MORE PER ACRE

OF LAND

6-29% BETTER YIELDS

Page 16: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Proven Value Proposition on Multiple Crops

16

Major League

BlueberriesHigh-bush blueberry

grower in Nicholls, GA

BLUEBERRIES Case Study

Evaluated test plot

Saw higher yields

and better crop

Saw 28% higher yields

Bought 120 bumble

bee systems

(commercial farm)

2018 2019 2020

“Best fruit set ever seen

on farm” (per owner)

5 acres

45 acres

150 acres(100% of the farm)

Page 17: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Proven Value Proposition on Multiple Crops

17

1.6 million planted acres in US (50 million worldwide)

Growers do not have any effective chemical solution to manage sclerotinia head rot (sunflower head rot)

9/8/2016 9/14/2016 9/22/2016

0

6

4

2

8

14

12

10

Su

nflow

er

Hea

d R

ot

ind

ex

BVT: Bees + BVT CR-7 Non-treated

57% Lower Disease Index;

+8% yield

SUNFLOWERS Case Study

Page 18: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

2020: GAINED MULTI-REGION / CROP COMMITMENTS

Upcoming: 2 crops across 6 states

Completed: 3 crops across 7 states

Blueberries US potential: 90,000 acres (270k ac globally)

20 customers, 900 acres

$270k revenue secured (thru Q2 2020)

Revenue Secured

in Blueberries and

Strawberries

Grower Demos in Blueberries

and Raspberries

HIGHLIGHTS

Plus Demos/Trials being set up in:

Sunflowers (MN, ND, ID)

Cranberries (NJ, MA, WA)

Page 19: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

19

PARTNER-FRIENDLY & SCALABLE$20 Billion Opportunity

Total MarketOpportunity > $20B

Partnering Opportunities Product extensions: in-licensing

3rd Party Bio-controls delivered in a

targeted way via BVT bee systems

Go-to-market partners

Commercial rights to BVT System in

select geographies/markets

Market Extensions

Clonostachys rosea formulations for

via foliar and seed treatments

Bee-vectored

CR-7 (USA)

Bee-vectored CR-7 (Global)

Bee-vectored other products (Global)

$2.5B

$2.5B

Foliar, soil drench and seed

applied CR-7 (Global)

$17B

All US Dollars

Page 20: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

20

ERW

INIA

THR

IPS

FUSA

RIU

M

PY

THIU

M

Pests and disease around the flower AND non-flowering diseases

▪ Additional flower-associated pests will be addressed by third party products

▪ Non-flowering diseases will be addressed through foliar, soil applied, and seed

treatment uses of CR-7

PESTS

SOFT

BER

RIE

S

ALM

ON

DS

TOM

ATO

ES

CA

NN

AB

IS

AP

PLE

S

CA

NO

LA

CO

RN

SOY

BEA

NS

A large number of crops can benefit from BVT technology

1. All crops facing disease and pest pressure around the flower

2. Crops which face disease pressure and where zero chemical residues are important

3. Broadacre crops for plant establishment and early growth at planting

CROPS

SOIL

AP

PLI

ED

SEED

TR

EATM

ENT BVT opportunity extends to markets even where bees are not used

1. Foliar uses for “residue free” crops (eg. cannabis, fruits & vegetables)

2. Seed treatment and soil applied opens large acre crops (eg. corn; soybeans)

DELIVERY

CA

LIFO

RN

IA

TUR

KEY

EUR

OP

E

CA

NA

DA

MO

RO

CC

O

Global market opportunity

▪ Data package that was used for USA is usable everywhere

▪ US-EPA is a model agency and will allow easier, faster registrations ex-US

COUNTRIES

MEX

ICO

BVT is DE-RISKED; Launching and Expanding

Page 21: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Introduction to BVT and Market Context

Technology and Value Proposition

Business Update

Compelling Investment Window

Page 22: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

22

Product Line

Extensions

Seedtreatment

& foliar

development

Increasing

importance

inmanaging

chemical

residues from

pesticide

sprays

Mexico

Approval

Large,growing

acreage of

BVT’s target

crops

KEY VALUE CREATION DRIVERS

New Jurisdiction RegulatoryApprovals

Distribution AgreementsUS EPAApproval

Initial Sales

In-licensing & Product LineExtensions

Sales Ramp Up

MexicoGrower

Demos

Tomato, berry

productionacres

moving fromUS

to Mexico

Country

Distribution

Deals

e.g. Morocco,

Turkey, etc.

Largeexporters

of key crops

(e.g. to EU)

Switzerland

Approval

1st inEurope

Strategic

beachhead for

Europe

In-licensing

Deals

Build portfolio of

biologicals

Increase

value to

growers &

industry;

Accelerates

time torevenue

EU Approval

EU ischange

leader for

sustainable

agriculture

California

Approval

Massive market

potential

(e.g. almonds is

big business)

US EPA

Approval

$18m market

cap increase

InitialSales

$16m market

cap increase

Revenue

Growth

New crops,

new markets,

increasing

penetration

Page 23: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Active Industry M&A

23

Acquirer Target Revenues Pre-Acquisition Acquisition Price/Date Comment

Bayer Agraquest* $17 million $425M + milestones/ July 2012 25x Revenue purchase price

Hebang Group

ChinaStockton (51%) Not available $180M / July 2015

1st acquisition of Western biocontrol

company by Chinese

Dupont Taxon Biosciences 0 (pre-revenue) N/A / May 2015Taxon specializes in seed and crop

protection

ValentMycorrhizal

ApplicationsNot available N/A / March 2015 Valent is Sumitomo Chemical

Koch Agronomic

ServicesMendel Biotechnology Not available N/A / December 2014

Koch recently entered the crop

protection space

Koppert Manejo Agricola Not available N/A / February 2014Koppert is a leading bumblebee

company

Monsanto Novozymes JV $300M / December 2013 Joint R&D Venture

Bayer Prophyta < $3 million N/A/ January 2013 Beneficial fungi company

Syngenta Pastueria < $1 million$86M + $27M deferred/

September 2012Pre-revenue

BASF Becker Underwood $200 million $1B / September 2012 4.3x Revenue purchase price

Many players involved and high valuations in Ag-Biologicals

Page 24: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Extensive Experience to Deliver Plan

24

▪ Extensive global Ag industry experience and biological pest and disease control

▪ Vice President of Global Marketing, Biologics at Bayer CropScience

▪ SVP & Executive Team, Global Marketing at AgraQuest (acquired by Bayer 2012 for $425mio)

▪ Head of Commercial Operations, Syngenta Home Care Division

▪ Director of BPIA (Biological Products Industry Alliance) – representing Ag-biological industry in North America

Ashish MalikPresident and CEO

▪ 30+ years experience in the global agriculture industry, particularly in crop protection

▪ Previously Global R&D Leader for Lawn & Garden Controls at Syngenta AG, Director of Crop Management at Novartis, Global Product Management Leader for Insecticides at Ciba

▪ Ph.D. in Entomology from the Swiss Federal Institute of Technology (ETH)

Claude FlueckigerBVT Scientific AdvisorBVT Board Member

▪ Extensive manufacturing and value chain experience in crop protection, horticulture

▪ Worked at Syngenta in Sales Management, Product and Strategic Management positions

▪ Bachelor of Science degree in Agricultural Business from the University of Minnesota

Greg FaustUS Commercial Operations

▪ Extensive experience with technical research, marketing, product management, including product launches

▪ Worked at Syngenta as research manager and technical product lead

▪ Ph.D. in Horticulture, Cornell Univ.; MBA Univ. of North Carolina – Chapel Hill

▪ Based in Mexico and bi-lingual; opens access to key markets in Mexico & South America

Dr. Gerardo SuazoSenior Technical Manager

▪ Extensive experience in global agricultural markets, led portfolio of biological development projects in Syngenta

▪ Senior manager with extended Leadership, Business Management, Marketing, Sales and R&D experience

▪ Led Based in Switzerland and multi-lingual; opens access to key European markets

Christoph LehnenBusiness Manager, Europe

World Class

Experience in

Global Crop

Protection

Big-Ag experience

Start-up experience

Successful start-up exit

Global-Ag background

Blockbuster launches

Industry network

Page 25: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

Corporate Information (CDN$)

Symbol (TSX-V) BEE

Sales (6mos ended March 31, 2020) $273k

Market Capitalization $35M

Share Price (6/17/20) $0.41

Shares Outstanding 90M

Options (Avg. price $0.29) 12M

Warrants (Avg. price $0.38) 20M

Fully Diluted Shares Outstanding 120M

Year-end September 30th

Cash Balance (March 31, 2020) $0.5M *

* The company completed a $660k financing in May 2020

25

Page 26: Bee Vectoring Technologies June 24, 2020€¦ · High-bush blueberry grower in Nicholls, GA BLUEBERRIES Case Study Evaluated test plot Saw higher yields and better crop Saw 28% higher

TSXV:BEE

OTCQB:BEVVF

BEE VECTORING TECHNOLOGIES

Ashish Malik

Chief Executive Officer

[email protected]

Leader in the future of Ag-Tech

Large, multi-billion-dollar market opportunity

Proprietary, patented & scalable technology platform

Experienced and proven agricultural team

With regulatory approval, BVT poised to capitalize

on years of research