Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Sharecafe 'Hidden Gems' Webinar July 2021
16 slides from Wide Open Agriculture's conference presentation, Jul 2, 2021
Slide 1: Investor Presentation - Sharecafe 'Hidden Gems' Webinar
For personal use only INVESTOR PRESENTATION ASX: WOA SHARECAFE ‘HIDDEN GEMS’ WEBINAR July 2021 FRA: 2WO Australia’s leading ASX- listed regenerative food and agriculture company
Slide 2: Company Snapshot
COMPANY SNAPSHOT For personal use only REGENERATIVE PLANT-BASED OAT PRODUCTS PROTEIN FOOD BRAND Seven quarters of sustained growth Ability to rapidly launch on-trend products Developing breakthrough food technology $1.13m MAY MAY 2020 2021 $0k From concept to initial sales in Lupin research Consumer
Slide 3: Corporate & Capital Structure
CORPORATE & For personal use only CAPITAL STRUCTURE Cash at bank (31 March 2021) $12.8m Shares on issue (15 June 2021) 93.6m Loyal and committed shareholder base Current price per share* $0.80 Current Top 20 hold ~65% of issued capital Enterprise value (EV) $62m Market Capitalisation $74m Highly mot
Slide 4: Plant-based protein is surging
PLANT-BASED PROTEIN IS SURGING For personal use only PARTNERSHIPS CONSUMER DEMAND INCREASING INVESTMENT Global food companies are Greater interest in health and US$2.1bn partnering with plant-based protein climate change are driving uptake companies to create products YOY sales increase for the US$7
Slide 5: High quality peer group
HIGH QUALITY PEER GROUP WOA has ambitions to replicate the success of our high quality peers in the plant-based sector For personal use only Beyond Meat Impossible Foods US$9.9 billion Valuation 1 US$4 billion valuation 2 Burcon NutraScience Oatly US$370m Valuation 3 US$14.4bn valuation 4 (1) Yahoo
Slide 6: Plant-based meat, non-dairy milk and snacks markets
PLANT-BASED MEAT For personal use only Developing a plant- US$12.1 billion 20201 based burger product US$28 billion 20251 AUSTRALIAN SWEET LUPIN NON-DAIRY MILK WOA has developed a novel lupin-based protein that is being Developing an oat milk US$21.4 billion 20202 used to create alternative food enh
Slide 7: Novel plant-based protein: Australian sweet lupin
NOVEL PLANT-BASED PROTEIN For personal use only AUSTRALIAN SWEET LUPIN Current market valued at AUD~$200mill with 96% consumed by livestock and 60% of global supply produced in Western Australia.1 ECO-FRIENDLY Low carbon Low water Critical to regenerative foot-print pollution farming systems NUTRITI
Slide 8: Advancing rapidly towards commercial products
ADVANCING RAPIDLY TOWARDS COMMERCIAL PRODUCTS For personal use only CYQ2 2021 CYQ3 – CYQ4 2021 PROCESS OPTIMISATION & SALES AGREEMENTS, CO-VENTURE PRODUCT TESTING & DEVELOPMENT REFINEMENT OF TECHNOLOGY FOR LARGE-SCALE MANUFACTURING Research Food-grade lupin protein First early stage Sensory and tast
Slide 9: Developing a pilot-scale lupin protein production facility
COST ESTIMATES DEVELOPING A PILOT- For personal use only SCALE LUPIN PROTEIN BOARD APPROVAL PRODUCTION FACILITY Commenced development of an in-house, pilot Modified Lupin Protein FINALISE DESIGN 3 manufacturing facility in WA that will unlock the follow benefits; • Refining the process to increase t
Slide 10: The lupin protein commercial opportunity
THE LUPIN SUPPLY OTHER BRANDS For personal use only WITH PROTEIN TVP, COMMERCIAL CONCENTRATE & ISOLATE Sign supply agreements with OPPORTUNITY established plant-based protein brands and offer lupin as the key ingredient. Food manufactures can then develop and launch their own VERIFIED SUPPLY CHAIN p
Slide 11: The oat milk market
THE OAT MILK MARKET For personal use only $3.7BN GLOBAL MARKET The global oat milk market was estimated at USD 3.7 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2020 to 2027.2 SALES OUTPACING OTHER ALTERNATIVE MILK 2 Oat milk sales grew by 108% in the y
Slide 12: Undertaking a global roll-out
UNDERTAKING A GLOBAL ROLL-OUT For personal use only July 2020 Received WA State December 2020 JUNE 2021 CYQ3 2021 CY 2022 March 2020 government grant to Initial WA launch Penetrate new Pre feasibility study for Commercial Successful industrial investigate the potential for an with distribution domes
Slide 13: OatUP sales are accelerating
OATUP SALES ARE ACCELERATING For personal use only OatUP now available in more than 150 cafés and retail locations in South Australia and Western Australia Consolidating and growing local market share in WA with support JAPAN: 126M from specialty distributor European Foods CHINA: 1.4Bn Received an i
Slide 14: Impact & carbon tracking
IMPACT & CARBON TRACKING For personal use only SUPPORTING LARGE-SCALE UPTAKE OF INCREASING ACCESS TO PLANT REGENERATIVE FARMING PRACTICES BASED FOODS & DRINKS DEC 19 DEC 20 Hectares under DEC 19 3,300 influence (ie. Launch of DCF suppliers) DEC 20 9,259 OatUP Hectares DEC 19 90 Lupin Protein under d
Slide 15: Ben Cole, Managing Director
For personal use only BEN COLE Managing Director M: +(61) 0415 387 270 E: ben@wideopenagriculture.com.au
Slide 16: 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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