 Hey everybody super excited to be here and actually to see so many faces after the back party I thought it's gonna be less people in the crowd today So what I want to do first before I go into the presentation is I would like everybody to close your eyes right now Connect with your body connect with the room and Think about your relationship with food Think about your childhood Think about your favorite dishes you grew up with And a family and friends you spend those very very precious moments with What flavors and scents come to mind what can you taste what can you smell? Think about those products. What does come up for you? our relationship with food is a Reflection of us being biological organisms psychological organisms. It's a reflection of our memories of our preferences At its core. It's just deeply human We all care and love food So with that emotion that you just connected with I want you to open your eyes and See the reality that we have today It's actually super crazy that the thing that we all care about so much that we all love so much food When we look at how we produce it today how we distribute it today It's completely different from our emotions. It's Extractive and the system that we have put around it is not resilient at all and not caring at all And we see it every day with the pandemic with the war in Ukraine We see so much pressure on a production system that is Keeping up with so many challenges, but we cannot keep up and the pressure is getting only worse and worse so the thing that we love so much has become a sign of destruction of cruelty and it's not getting better because Agriculture is the leading Contributor to climate change and climate change will again completely disrupt the way we need to produce food and Since we are at slush I don't think it's a surprise to anybody that the biggest issue that we have or the biggest part of the issue is actually animal mass factory farming Animal factory farming consumes 30% of freshwater today animal factory farming uses 80% of farmland while only giving us 20% of calories Animal factory farming according to the UN very conservative numbers here is responsible for 15% of Entropogenic or man-made greenhouse gas emissions. So the message is very clear We have these products we love that we connect with but we have a system that is reaching its limits And we have to drastically reduce our dependencies on animals to produce these products The issue obviously being When we look at the picture This is already mouth-watering We are as we already explored were psychological emotional beings and we connect so many great memories with the foods We consume on a daily basis. It's part of our identity is part of our culture And it's just not easy to say, you know what this is not good just give it up tomorrow, right? And also specifically in our understanding of how we want to live together in society prohibition also won't work Dairy specifically would be a super important thing to get rid of the animals Why because just as a reference here the dairy industry? Contributes or is responsible for as much greenhouse gas emissions as the whole shipping and the whole aviation industry together All planes all ships Equal to dairy it's insane, but it's done. It's really really hard to predict replace dairy Without animals and we see today. You might love your only barista. You know, there's some great milk alternatives But it's a super broad category and it's super hard to replace the products. We all love. So what is the solution? the solution is that instead of Raising cows burping cows great crave them together in small farms and let them convert nutrients into the dairy products We all love we have to find a more efficient way And it's basically getting rid of the cows and using micro organisms Formal is engineering micro organisms that when put in a process of fermentation Produce the same ingredients that the dairy cows produce for us from milk proteins to milk fats Which we then can harvest and use to produce the identical product that you all love But without the cows who actually have this really really bad sustainable impact The process that formal is using uses much less resources So we use less land less water. We have less greenhouse gas emissions It's much more efficient and we don't have the animal in the process So not only sustainability wise it's much better But also all your concerns around ethical ethical Agriculture and consumer health are actually eradicated with this process I want to show you a very very quick video of Combining what form was doing in its bio labs and food science labs and how we produce products with that Working together with Michelin star chefs today on dishes that are just exactly what you have always been consuming But without the downsides If that place I need to click I guess Cool, so Already today. We are working with a variety of chefs here featuring Ricky's award from Frankfurt He was actually the world's first fully plant-based Michelin star chef sourcing all of his ingredients From only a radius of 20 kilometers around his restaurant He has not been using any animal ingredients in his kitchen, but working with us He basically can now go back to the foods that have been part of our cultures for millennia and produce completely new Structures flavors and amazing consumers in his restaurant and all around the globe It's super cool to see because we have set out to change this industry and getting the feedback also from high end cuisine That the products we produce really perform the exactly same way It's just amazing to see and as you can already see from the presentation The products that formal is mostly focusing on is cheese as I said before Milk alternatives already exist. It's much easier to basically replace But the holy grail and I think this goes for most also flexitarians in the room is how do we replace cheese? Since this is a launch presentation I want now to reveal that formal is gonna be the first company to actually place Animal-free cheese in the market that really deserves the name cheese This selection as you can see is a variety of products that we will launch ranging from fresh spreads to soft cheeses Common bear like Chevrolet cheeses, but also aged and blue cheeses that taste and feel exactly like the products You love but without the downsides We had formal believe that the time is ripe for animal-free Also in cheese. We're using science to produce it in a better way We have an amazing team here to talk with all of you and we would love to Collaborate on producing a better food system for everybody. Thank you so much