Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Investor Presentation (May 2020)
30 slides from Wide Open Agriculture's investor presentation, May 6, 2020
Slide 1: Australia's leading regenerative food & agriculture company
Australia’s leading regenerative food & agriculture company ASX: WOA FRA: 2WO
Slide 2: Investment Highlights
INVESTMENT HIGHLIGHTS DIRTY CLEAN FOOD TM STRONG SALES PRESENCE REVENUE GENERATING A clearly positioned regenerative food brand Specialised, direct distribution platform and Achieving quarterly revenue growth in Western specialising in high-growth sectors of beef, fully operational direct-to-consume
Slide 3: Corporate & Capital Structure
CORPORATE & Cash at bank (1 April 2020) $1,786,298 CAPITAL STRUCTURE Shares on issue 70,579,249 Current price per share* $0.135 Current Top 20 hold 79% of issued capital Enterprise value (EV) $7.7m 26% shares held by Board and Management Market Capitalisation $9.52m Implementation of revised remuner
Slide 4: Climate change remains the greatest long term threat to our planet and society
“Climate change has become a defining factor in companies’ long term prospects. Our investment conviction is that sustainability and climate integrated portfolios can provide better risk adjusted returns to investors. And with the impact of sustainability on investment returns increasing, we believe
Slide 5: Food & agriculture is the #1 untapped opportunity to address climate change
FOOD & AGRICULTURE IS THE #1 UNTAPPED OPPORTUNITY TO ADDRESS CLIMATE CHANGE THE TOP THINGS WE CAN DO TO COOL THE PLANET ACTIVELY INVOLVED IN HIGH IMPACT AREAS RANK SOLUTION REDUCED CO2 (GIGATONNES GT) WHOLE OF ANIMAL USE AND NO WASTE POLICY 1 Reduced Food Waste 87.4 2 Health & Education 85.4 OAT MIL
Slide 6: Trusted food brand supplied by regenerative farmers
TRUSTED FOOD BRAND SUPPLIED BY REGENERATIVE FARMERS Regenerative farming offers immense potential for scale in Producing and selling multi-division production and food affordability food products at a price premium Farmers receive WOA partners with farmers to Proven commercialisation consistent reve
Slide 7: Why Regenerative Farming?
CARBON DRAWDOWN Improves soil health through WHY sequestering carbon and restores natural fertility REGENERATIVE FARMING? INCREASES BIODIVERSITY Large scale, conventional farming Encourages biodiversity practices can degrade soil health, deplete in productive cropping carbon sources and are heavily
Slide 8: Industry Tailwinds
INDUSTRY TAILWINDS 1 INVESTMENT 2 INDUSTRY RECOGNITION 3 CONSUMER DEMAND Increased impact investment across the Big Food is focusing on more Amazon’s Wholefoods is embracing regenerative agriculture sector as sustainable practices by regenerative agriculture in response to investors seek healthy fin
Slide 9: 100% grass-fed regeneratively farmed livestock, oats & legumes
100% GRASS-FED REGENERATIVELY FARMED Dirty Clean Food acts as WOA’s umbrella brand for our animal and plant-based products LIVESTOCK, OATS & LEGUMES Regeneratively grown premium ingredients with proven reputation for taste and consistent quality LOCALLY SOURCED Transparent sourcing with a short supp
Slide 10: Proven business model with measurable impact
PROVEN BUSINESS MODEL WITH MEASURABLE IMPACT PRODUCT MIX ALIGNED TO A HEALTHY PLANETARY DIET PRODUCT MARKET REVENUE DEVELOPMENT ENTRY GROWTH Establishing product Initial execution of market Expansion of distribution viability and development entry strategy – distribution channels and increasing of m
Slide 11: Regenerative Livestock
REGENERATIVE LIVESTOCK
Slide 12: Regenerative Livestock Products
REGENERATIVE LIVESTOCK PRODUCTS Connects customers to healthy food, grown consciously, with a clear line of sight from farm-to-fork Experiencing increasing sales via company owned distribution channels and increasing demand from regenerative farmers seeking to supply the brand Current operations and
Slide 13: Specialised Distribution Channels
SPECIALISED DISTRIBUTION CHANNELS PROVEN LOCAL MARKET PENETRATION WITH SCALE & CAPACITY FOR EXPORT LAUNCH RETAIL & FOOD SERVICE ONLINE EXPORT Established specialised, direct Significant investment towards fully Agreement with global food sourcing and distribution platform operational direct-to-consu
Slide 14: Experiencing Revenue Growth
EXPERIENCING REVENUE GROWTH EXPANSION OPPORTUNITIES FOR EAST COAST OF AUSTRALIA & ASIAN MARKETS WOA has delivered quarter-on-quarter revenue growth, with Q3 FY2020 revenue increasing 32% to AUD$393,689 JAPAN: 126M CHINA: 1.4Bn Current sales only in Western Australia with limited marketing and a larg
Slide 15: Growth Drivers for Regenerative Livestock
GROWTH DRIVERS FOR REGENERATIVE LIVESTOCK INCREASING DEMAND CARBON DRAWDOWN AU$800m per year regenerative Regeneratively grazed beef found to beef market with consumption have a carbon footprint 111% lower forecast to grow 16% by 2022 in than conventional beef system 3 South East Asian markets 1 PRI
Slide 16: Oat Products
OAT Pree, PRODUCTS
Slide 17: Oat Milk Development
OAT MILK OAT MILK BENEFITS / CHARACTERISTICS DEVELOPMENT High capacity for frothing Developed to have WOA is developing an Oat Milk product for use by baristas and identical calcium and using oats from WA farms committed to home coffee machines fat levels as dairy milk regenerative principles Plant-
Slide 18: Development Progress
DEVELOPMENT PROGRESS POSITIONING FOR LOCAL & INTERNATIONAL DISTRIBUTION OF REGENERATIVE OAT MILK PHASE 1 PHASE 2 PHASE 3 INDUSTRIAL TRIAL COMMERCIAL ACTIVITIES SALES Industrial trial to produce Commercial production of WA- Grow sales and distribution 5,000L of WA-grown, grown, regenerative oat milk
Slide 19: Plant-Based Protein
PLANT-BASED PROTEIN
Slide 20: Plant-Based Protein
PLANT-BASED WIDE OPEN IS COMMITTED TO BUILDING PROTEIN A REGENERATIVE FOOD PORTFOLIO Wide Open is exploring development of a potential plant-based protein product Animal Meat Plant-based protein can be utilised to make alternative meat, dairy, beverage and egg products USD $18.5 billion market in 20
Slide 21: Plant-Based Protein Development
SELECTION OF VIABLE PLANT-BASED FOOD SOURCE 1 PLANT-BASED PILOT SCALE PRODUCTION OF PLANT-BASED PROTEIN 2 PROTEIN DEVELOPMENT PRODUCT TESTING 3 PROCESS & DEVELOPMENT Wide Open is currently in discussions with potential partners to lead research and development activities 4 SALES AGREEMENTS WITH FOOD
Slide 22: Growing investment by food industry giants
GROWING INVESTMENT BY FOOD INDUSTRY GIANTS World's second largest American multinational Multinational food and drink processor and marketer food manufacturing conglomerate and the largest of chicken, beef and pork company food company in the world Launched ‘Raised & Rooted’ - A Kellogg’s MorningSta
Slide 23: Growth Strategy & Corporate Overview
GROWTH STRATEGY & CORPORATE GROWTH OVERVIEW STRATEGY
Slide 24: Revenue Growth Strategy
REVENUE GROWTH STRATEGY GROW, SUPPORT AND LEVERAGE FARMING PARTNERS TO CREATE REGENERATIVE IMPACT AT SCALE REGENERATIVE LIVESTOCK OAT MILK & PRODUCTS PLANT-BASED PROTEIN Internal resources focused towards Achieve commercial production of Finalise investigation and confirm online portal as purchases
Slide 25: Addressable Australian Markets
ADDRESSABLE AUSTRALIAN MARKETS ACTIVE MARKETS READILY ACCESSIBLE MARKETS FUTURE MARKETS Corporate & Commercial Focus Low cost product development potential Low capital intensive research development Increase sales and Partner with new farmers who can provide Working towards developing and launching
Slide 26: Experienced & Passionate Board
EXPERIENCED & PASSIONATE BOARD ANTHONY MASLIN BEN COLE ELIZABETH BRENNAN Founder and Chairman Managing Director Non-Executive Director Entrepreneur and social change PhD in environmental engineering Unique insight into global food systems visionary, with significant capital market with extensive exp
Slide 27: Committed to Carbon Neutrality by 2023
COMMITTED TO CARBON NEUTRALITY BY 2023 Carbon sequestration on farm through Offering new and innovative regenerative farming systems plant-based diets Dedicated to implementing Drawdown* solutions in the food sector Reduced emissions through supply chain management including vehicles & refrigeration
Slide 28: Summary
SUMMARY Only listed regenerative food Established food brand with and agriculture company with commitment to carbon 1 2 diverse sales channels across online, retail and hospitality neutral operations by 2023 Aligned to fast growing Proven and loyal local market customer base seeking ethical, regener
Slide 29: Ben Cole, Managing Director
BEN COLE Managing Director M: +(61) 0415 387 270 E: ben@wideopenagriculture.com.au
Slide 30: Disclaimer
DISCLAIMER This presentation has been prepared by Wide Open Agriculture Limited (ASX: WOA) (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this
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