Local Bounti (LOCL) Investor presentation summary

Strategic vision and business model

• Focus on capital efficiency and innovation to lead the controlled environment agriculture (CEA) industry.

• Patented Stack & Flow® technology maximizes yield and minimizes costs, supporting strong unit economics.

• Large and growing total addressable market (TAM) of $75 billion, expanded through R&D and new product categories.

• Assembled a highly skilled team to drive growth and innovation.

• Emphasis on brand and product diversity, local logistics, and sustainability.

Operational progress and capacity

• Texas facility conversion and automation doubled output in 2025.

• Tower upgrades in Georgia, Texas, and Washington led to record-high yields.

• All three state-of-the-art facilities are operating at full harvestable capacity, with entire output committed to customers.

• Direct-to-consumer sales grew over 600% in 2025.

• New salad kits and product launches expanded the portfolio.

Expansion and distribution network

• Established a national farm network with state-of-the-art facilities in Georgia, Texas, and Washington.

• Over 13,000 retail doors carry products, including major chains like Walmart, Target, and Kroger.

• Legacy facilities in Montana and California support distribution.

• Strategic partnerships pursued to enhance capacity and channel mix.