Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Shareholder Meeting (November 2021)
21 slides from Wide Open Agriculture's shareholder meeting presentation, Nov 17, 2021
Slide 1: AGM Presentation
For personal use only AGM PRESENTATION ASX: WOA 17 November 2021
Slide 2: WOA founded in 2015 with regenerative agriculture vision
For personal use only WOA WAS FOUNDED IN 2015 WITH THE VISION THAT REGENERATIVE REGENERATIVE AGRICULTURE FOCUSES ON SOIL HEALTH, BIODIVERSITY & FOOD, BEVERAGES & WATER/NUTRIENT CYCLE. FARMING IS A VITAL WORLD’S FIRST PUBLIC COMPANY PART OF THE SOLUTION APPLYING THE 4 RETURNS FRAMEWORK – FINANCIAL, N
Slide 3: We are at an inflection point
WE ARE For personal use only WE NOWARE ATNOW AN AT AN INFECTION POINT… INFECTION POINT… …CONSUMERS ARE DEMANDING ACCOUNTABILITY CONSUMERS ARE DEMANDING FOR THE CHANGE AND ACCOUNTABILITY ENVIRONMENTAL FOR THE ENVIRONMENTAL COSTS OF FOOD ENVIRONMENTAL IMPACT COSTS OF FOOD PRODUCTION. PRODUCTION. IS BE
Slide 4: Why has this change taken place?
For personal use only WHY HAS THIS CHANGE TAKEN PLACE? POPULATION DEVELOPING NOT ENOUGH COVID-19 HAS GROWTH IS ECONOMIES ARE PROTEIN OR RESULTED IN A PUTTING STRAIN BEGINNING TO EAT ENVIRONMENTAL FOCUS TOWARDS LIKE THOSE IN THE BANDWIDTH TO PERSONAL AND ON OUR FOOD MEET GLOBAL DEVELOPED WORLD PLANET
Slide 5: Food and climate are intrinsically linked
For personal use only FOOD & CLIMATE ARE INTRINSICALLY LINKED 33% OF ALL MAN-MADE GREENHOUSE GAS EMISSIONS ARE GENERATED BY FOOD SYSTEMS. 1 More than half of food emissions come from animal products2 58% Animal Products 42% Other Food 5 (1) European Commission Joint Research Centre (JRC) (2) Poore &
Slide 6: The emergence of the conscious consumers
THE EMERGENCE OF THE For personal use only “CONSCIOUS CONSUMERS” BRINGING PEOPLE TOGETHER TO SOLVE WICKED PROBLEMS THROUGH AMAZING FOOD! 6
Slide 7: WOA positioned to benefit from the regenerative food trend
WOA POSITIONED TO BENEFIT FROM THE For personal use only REGENERATIVE FOOD TREND. 1 We have pure origins and provide regenerative foods with low greenhouse gas emissions 2 Focused on transparency, openness and authenticity 3 Highly loyal and growing customer base who are becoming advocates for the b
Slide 8: Targeting the fastest growing and most attractive food sectors
WE ARE TARGETING For personal use only THE FASTEST GROWING AND MOST ATTRACTIVE FOOD SECTORS 1 REGENERATIVE AGRICULTURE ECONOMIC RESILIENCY | SOIL HEALTH | REDUCING WATER | BIODIVERSITY 2 PLANT-BASED MILKS US$41Bn BY 20252 3 PLANT-BASED PROTEINS US$162Bn BY 20301 (1) Bloomberg Intelligence (2) Grand
Slide 9: Supporting family farms on their regenerative journey
SUPPORTING FAMILY FARMS ON THEIR REGENERATIVE JOURNEY fy ek «
Slide 10: Quarterly revenue AUD$
QUARTERLY REVENUE AUD$ 1,800,000 For personal use only $1,671,405 1,600,000 $1,459,365 1,400,000 $1,135,950 1,200,000 $989,261 1,000,000 $764,807 800,000 600,000 400,000 200,000 - Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 RETAIL ONLINE FOODSERVICE & WHOLESALE 10
Slide 11: Dirty Clean Food digital business 31% quarterly growth
For personal use only Dirty Clean Food’s digital business continued to gain traction in Western Australia, with sales accelerating 31 PERCENT QUARTERLY by 31% sequentially over Q4 FY21. During the last quarter the company made key GROWTH enhancements to its digital properties while continuing to exp
Slide 12: OatUP is a success
OATUP IS A For personal use only SUCCESS From concept to initial Available in over 350+ outlets sales in under 12 months. across Australia. Australia wide roll out continues Majority of development with the product now available and commercial milestones in NSW, VIC, SA and WA. were met on time. Agr
Slide 13: National distribution is accelerating
For personal use only National distribution is accelerating as customers love the taste and eco-credentials of OatUP. Domestic distribution is expected to double by June 2022. The product is positioned to capture share as our beachhead product into Asia. We have actively engaged multiple high value
Slide 14: Growing line of products with imminent commercial launch
For personal use only Formulation complete on a growing line of products with imminent commercial launch READY TO DRINK RTD 200ML COFFEE OAT MILK ORIGINAL, (LAUNCH Q2 FY22) CHOCOLATE, COFFEE DAIRY EQUIVALENT PROTEIN AVAILABLE FOR 1L FLAVOR EXTENSION READY TO DRINK PURCHASE NOW (LAUNCH Q2 FY22) CHOCO
Slide 15: Plant-based product categories and development phase
For personal use only PLANT-BASED MILK PLANT-BASED MEAT PLANT-BASED SNACKS PLANT-BASED PROTEIN Category Products PROTEIN ENRICHED BURGER, SAUSAGE, NOODLES, YOGHURT, OAT MILK PROTEIN POWDER OAT MILK CHICKEN & MINCE CHEESE & MAYONNAISE Ingredient Regenerative Oats + Regenerative Oats Novel Lupin Prote
Slide 16: Plant-based is exploding and here to stay
For personal use only Total global plant-based retail market size $180 $162bn $160 $139bn PLANT-BASED IS $140 $123bn $120 EXPLODING AND $100 $94bn $109bn HERE TO STAY… $80 $65bn $78bn $60 $52bn $44bn $40 $29bn $35bn $20 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Bloomberg Intelligence, O
Slide 17: Regenerative oats and novel plant-based protein
For personal use only 3.4gr protein per 100ml 20gr protein per 100ml REGENERATIVE OATS We use oats from WA farms Initial concept design committed to regenerative principles and packaging WA’s oats have a global reputation for taste and quality Initial taste and Oat milk is ranked in the top plant- s
Slide 18: Lowest carbon oat milk through regenerative farming
We are striving for the lowest carbon oat milk in the world through For personal use only regenerative farming and net zero carbon manufacturing. NUTRITION - Higher protein content The higher protein content is expected to out-position soy, almond and dairy milks which have a higher protein content
Slide 19: Sampling results for Oat Milk + Protein
For personal use only Results of sampling with 50 people for Oat Milk + Protein (3.4gr/100ml) 7.0 6.0 5.0 “The plant-based beverage category has been 4.0 growing steadily and shows no signs of slowing. 3.0 This new product concept from Dirty Clean Food 2.0 is exciting! This oat milk is creamy, super
Slide 20: Emission per litre of WOA oat milk
For personal use only Emission per litre of WOA oat milk supplied to market (kg CO2 e / Litre) 0.10 0.20 0.30 0.40 TRANSPORT = 0.40 PACKAGING = 0.10 OAT MILK MANUFACTURING = 0.08 Delivers all the protein, calcium and micronutrients of dairy milk, OAT GRAIN PRODUCTION = 0.06 with less fat and sugar.
Slide 21: Corporate goals
For personal use only Become a fully integrated, food and beverage company that captures and shares value to expand regenerative farming practices across Western Australia. Become a global leader in climate impact and create the worlds lowest carbon plant-based drinks and protein. Future proof our p
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