Gencell : Presentation, March 2023

Key Trends from 2022

A Glimpse into 2023

Investors Conference

March 2023

Legal Disclaimer

The information included in this presentation (the "Information"), and any other information which is conveyed by means of this presentation, is presented for convenience purposes only, and does not constitute an exhaustive description of all data regarding Gencell Ltd. (the "Company") and its activity, and does not constitute a substitute for a review of the company's periodic and immediate reports, as reported to the Israel Securities Authority and to the Tel Aviv Stock Exchange Ltd. This presentation does not constitute an offer to buy or sell, or a request for offers to purchase securities, and is intended exclusively for the presentation of information. The information cannot serve as the basis for reaching any investment decision, and does not constitute any recommendation or opinion, nor any substitute for the potential investor's independent judgment. This presentation does not include all the company's results, financial information and accompanying notes, and/or the company's business plans or a description of its entire activity and/or of the company's risk factors. It therefore cannot serve as a substitute for independent evaluation and personally tailored advice, in accordance with the particulars of each investor, and also does not constitute a survey or comprehensive presentation of all of the information which may be relevant for the purpose of reaching investment decisions. The company is not responsible for the completeness or accuracy of the information and will not bear any liability for any damages and/or losses which may be incurred due to the use of the information. Insofar as there is any discrepancy between the contents of this presentation and the contents of the company's reports, the contents of the company's reports will take precedence. This presentation includes forward looking information, as defined in the Securities Law, 5728-1968, which includes forecasts, targets, estimates, approximations, and other information pertaining to future events and/or matters, which are uncertain to materialize, and which are not under the company's control. Forward looking information does not constitute proven fact, and is based only on the company's subjective assessments, which, although the company considers them likely, are inherently uncertain. The main facts and figures which served as the basis for this information are facts and figures pertaining to the current situation of the company and of its business affairs, as well as macro-economic facts and figures, to the best of the company's knowledge as of the preparation date of this presentation. The forward-looking information which is included in this presentation is based, in addition to the information, which is available to the company, on the company's current forecasts and estimates regarding future developments in the company, and on the mutual effects that those developments could have on one another. It is emphasized that this presentation may include information which was not provided in the company's past reports and/or which was provided differently, in terms of perspective, presentation, editing, processing, or segmentation than the way in which said information is provided in the presentation. The materialization or non-materialization of forward-looking information will be affected, inter alia, by the risk factors which are characteristic of the company's activity, and by developments in the general environment and in external factors which affect the company's activity, which are unpredictable, and are not under the company's control. Additionally, as of the date of this presentation, it is not possible to predict the full effects which the Russia-Ukraine war could have on the company's operating results. The company has no certainty that its forecasts and assessments, including those regarding its plans, will materialize in practice, and the company's operating results may differ significantly from the results which are estimated or implied based on the above, inter alia, due to changes in any of the above factors. The company also has no certainty that its basic assumptions, which depend on third parties, will materialize. The readers of this presentation are therefore hereby warned that the company's future results, and actual performance may differ significantly from those which are presented as part of the forward-looking information in this presentation.

It is hereby clarified that the forecasts and forward-looking projections are based on the figures and data which were available to the company as of the date of preparing this presentation, and the company does not undertake to update and/or change any such forecast and/or assessment, in order to reflect events and/or circumstances which may occur after the preparation date of this presentation.

This presentation includes trademarks and logos of third parties, which are owned by the companies in whose names those trademarks are registered, and which are unaffiliated with the company.

Significant improvement in KPIs over the last two years

Revenue growth

Decrease in gross loss margin

$7,403

Decrease in operating loss margin

2020

2021

2022

2020

2021

2022

*in thousands

2020

2021

2022

-482%

-5,881%

How was

2022?