TopGum Industries : INVESTORS PRESENTATION - Q1 2024

May 22, 2024

2

LEGAL DISCLAIMER

The information included under this presentation (the "Presentation") is for informational purposes only and does not constitute or form any part of any offer to purchase securities and/or an invitation to make offers for their purchase or solicitation of any of the above regarding any securities of Top Gum Industries Ltd. (the "Company") and should not be regarded as a recommendation or an opinion. Any such offer or sale will be made on the basis of a prospectus published by the Company after receiving a permit from the Securities Authority and approval from the Tel Aviv Stock Exchange (hereinafter, respectively: "Securities Authority" and "the Stock Exchange").

This presentation does not purport to encompass or contain any information that may be relevant for the purpose of making any decision regarding an investment in the Company's securities and generally. This presentation does not replace independent data collection and analysis, it should be bear in mind that past data does not necessarily indicate future performance. The presentation includes data and statistics and other publications published by third parties, the content of which has not been independently verified by the Company. The presentation was made, for a convenient and concise presentation, and it does not exhaust the full data about the company and its activities and does

not replace the need to perform a full due diligence. The information contained in this presentation is incomplete and all that is stated in it is subject to a full due diligence and is not a substitute for reviewing reports published by the Company to the public and especially in the draft prospectus or final company prospectus, supplementary prospectus and shelf prospectus. The information under this Presentation is not a substitute for public Information and in the event of any conflict between the content of this presentation and the content of any public Information, the content of the Public Information shall prevail. The information in this Presentation should not be relied upon as any representation or warranty, express or implied, of the Company. No reliance should be made on the fairness, accuracy, completeness or correctness of the information or opinions contained herein. No legally binding obligations may be created, implied, or inferred from this Presentation. Various statements in this presentation include information which derives from forecasts, estimates, assessments, and other information pertaining to future events and/or matters, the materialization of which is uncertain and beyond the Company's control, and which constitute "forward- looking information", as defined under the Israeli Securities Law, 1968. Forward-looking statements include descriptions regarding the intent,

belief, or current expectations of the Company and are not guaranteeing future results, performance, or achievements and are based on current expectations, estimations, and assumptions, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performances, or achievements of the Company may differ materially from what is or may be expressed or implied in this presentation due to a variety of factors, many of which are beyond the Company's control, including, without limitation, certain risk factors. The Company does not undertake any obligation to update or revise any of the forward-looking statements, whether as a result of new information, future events, or otherwise. Certain information and factual statements (including relating to markets or trends) contained herein are based on or derived from publicly available documents or independent third-party sources, and therefore the accuracy of such information and the assumptions on which such information is based has not been independently verified. Nothing in this presentation constitutes tax or business advice and does not constitute a substitute consulting appropriate advisors in these aspects. Every potential investor should seek advice and guidance in connection with potential investments, including tax advice is given such investor tax status.

TopGum 2024

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ALL TIME RECORD QUARTER

Q1 2024 HIGHLIGHTS

• Revenue: 14.8 million, an 18% increase
• Accelerated supplements sales growth of 35%
• Adjusted EBITDA: $2.4 million, a 19% increase
• Record orders' backlog of $17 million
• Management changes

SALES AND ADJUSTED EBITDA

Q1 2024 - BACK TO ACCELERATED GROWTH

USD Millions

SALESEBITDA (Adjusted)

	+18%
	8.8
6.5	(60%)
	35% Growth	3
(52%)
			2.5
			2
6.0	6.0		1.5
		0% Growth	1
			0.5
		Confectionery	0

+19%

2

2.4

Q1-2023

Q1-2024

Supplements

Q-1 2023

Q-1 2024

TopGum 2024

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STRATEGY EXECUTION SHOWS RESULTS - RECORD BACKLOG

• A strong increase in year-over-year customers' orders backlog of dietary supplements

			17.0
		+89%
	+12.5	9.0
8.0	%
31.3.2022		31.3.2023	31.3.2024

TopGum 2024

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CONFIDENTIAL

OUR TRANSFORMATIONAL PIVOTS

FromTo

Confectionery

Supplements

Generic product	Tailor made
Local	International

Limited innovation		Innovation leader

TopGum 2024

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CONFIDENTIAL

How did we do?

TopGum 2024

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CONFECTIONERY

USD Millions

Confectionery

+9%

+20%

6.0

5.0

SUPPLEMENTS

Supplements

8.8

+274%

2.4

Q1-2021

Q1-2024

Q1-2021

Q1-2024

TopGum 2024

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CONFECTIONERY SUPPLEMENTS

Sales development- a shift from confectionery to supplements USD Millions

$16,000

$14,000

$12,000

$10,000

$8,000

$6,000

$4,000

$2,000

14.8

			12.5
		10.8		51%
			41%
7.4
	39%	44%	52%	60%
32%
			49%
			59%
68%	61%	56%	48%	40%

$0

Q1-2021

Q1-2022

Q1-2023

Q1-2024

Confectionery		Supplements

GENERIC PRODUCTS

How did we do?

USD thousand

X 5	4.3
0.8
Q1-2021	Q1-2024
Proprietary
Q1-2021
Q1-2024

TAILOR MADE

		6.9
X	14
	0.5
Q1-2021	Q1-2024

Tailor made

X 27	3.6
0.13
Q1-2021	Q1-2024
Bottled

TopGum 2024

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