Cobram Estate Olives Ltd. · ASX:CBO
Cobram Estate Olives — Investor Presentation (September 2025)
33 slides from Cobram Estate Olives's investor presentation, Sep 9, 2025
Slide 1: Investor Presentation
Investor Presentation 9 September 2025 Cobram Estate Olives Limited ABN: 32 115 131 667
Slide 2: Disclaimer
Disclaimer This presentation is dated 9 September 2025 and has been prepared by Cobram Estate Olives Limited (ABN: 32 115 131 667) (“CBO” or “the Company”) in connection with an institutional placement of new fully paid ordinary shares (“New Shares”) in the Company (“Placement”), an offer of New Sha
Slide 3: Disclaimer
Disclaimer Not financial product advice or an offer The information in this presentation does not constitute financial product or investment advice (nor tax, accounting or legal advice) nor is it a recommendation to subscribe for or acquire New Shares and does not and will not form any part of any c
Slide 4: Disclaimer
Disclaimer Future performance and forward-looking statements (cont’d) Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-l
Slide 5: Agenda
Agenda: 1. Company Overview 2. USA Growth Opportunity and Use of Funds 3. Equity Raising Overview and Timetable 4. Key Risks and Foreign Selling Restrictions 5 Harvest at CBO’s Debo Ranch, USA
Slide 6: Company Overview
Company Overview Cobram Estate Olives Limited CBO’s Boundary Bend olive grove, Australia
Slide 7: Overview of Cobram Estate Olives Limited
Overview of Cobram Estate Olives Limited Cobram Estate Olives Limited is one of the world’s largest vertically integrated olive oil growers, processors and marketers of premium extra virgin olive oil (“EVOO”) with the following key competitive advantages Vertically integrated operations with strateg
Slide 8: USA Growth Opportunity and Use of Funds
USA Growth Opportunity and Use of Funds Cobram Estate Olives Limited Outdoor ad on Interstate 5, Woodland California
Slide 9: CBO's Growing USA Operations
CBO’s Growing USA Operations CBO set to become the USA’s largest olive farmer3 with ~2,000 hectares of Company-owned olive groves by 2026² CBO's USA Operations Evolution (2015-2026)¹ ² 2,500 70 USA Growth Platform • Expanding vertically integrated USA olive oil 60 platform, established in 2014. 2,00
Slide 10: Olive oil consumption in the USA
Olive oil consumption in the USA Olive oil consumption has grown at a CAGR of 4.5% since 1990/91, with the USA now the world’s second largest consumer of olive oil USA Olive Oil Consumption1 500 14 % USA Olive Oil Consumption 13 % 450 • In 1990/91, the USA consumed 88,000 tonnes of olive oil, 4.5% C
Slide 11: Cobram Estate is the 9th highest selling olive oil in USA supermarkets
Cobram Estate® is the 9th highest selling olive oil1 in USA supermarkets2 Over 95% of olive oil sold in the USA is imported USA Scan Sales2 500 450 400 350 300 US$ 'm 250 200 150 33% 100 YoY growth 50 - Lucini Italia Carapelli Cobram Estate Star Colavita Graza Terra Delyssa California Olive Filippo
Slide 12: Olive oil category in the USA is growing rapidly
Olive oil category in the USA is growing rapidly USA supermarket sales of olive oil valued at US$2.8 billion1 representing a significant growth opportunity for CBO 8 USA Cooking Oil Sales Growth in USA Supermarkets (US$’b)1 7 USA Olive Oil 6 • There is higher demand from USA consumers for olive oil
Slide 13: Californian olive oil category has significant growth potential
Californian olive oil category has significant growth potential CBO’s goal is to replicate its success and experience from Australia in the Californian olive oil category California Olive Oil Sales in USA Supermarkets (US$’m) and Share of USA Olive Oil Supermarket sales (%)1 Californian Olive Oil 45
Slide 14: Capital Raising | Use of funds
Capital Raising | Use of funds Customer demand exceeding supply in the USA; capital raising will enable the Company to accelerate growth plans USA grove during olive harvest New grove development in California California Land Purchases and Grove Development • Joint-CEO Leandro Ravetti moved to the U
Slide 15: Expanding Californian Olive Oil Supply to Support Sales Growth
Expanding Californian Olive Oil Supply to Support Sales Growth CBO’s total oil supply from its own groves is expected to increase to more than 9.0 million litres, when the additional ~1,600 planted hectares are mature and total grove area is ~3,600 hectares Key points: • CBO’s Californian olive grov
Slide 16: Equity Raising Overview and Timetable
Equity Raising Overview and Timetable Cobram Estate Olives Limited Cobram Estate® Everyday Essentials range, Australia
Slide 17: Equity Raising Overview
Equity Raising Overview PLACEMENT AND SHARE PURCHASE PLAN • Institutional Placement raising up to approximately $175.0 million; and • Share Purchase Plan (SPP) raising up to $10.0 million (see details below). Offer size and structure DIRECTOR SELL-DOWN • Concurrent with the Placement, CBO’s Joint-CE
Slide 18: Equity Raising | Director Sell-Down
Equity Raising | Director Sell-Down Two Directors are selling 2.0 million shares alongside the institutional Placement • The Company’s Joint-CEOs, Sam Beaton and Leandro Ravetti, currently have loans totalling $3.2 million outstanding to the Company relating to the exercising of employee options in
Slide 19: Equity Raising | Indicative Timetable
Equity Raising | Indicative Timetable Event Date Trading halt request to ASX before 9am Monday, 8 September 2025 Record date for SPP 7:00pm (AEST), Monday, 8 September 2025 Announcement of commitments for the Placement and announce the SPP, lodge Appendix 3Bs (one for SPP and one for Tuesday, 9 Sept
Slide 20: Key Risks and Foreign Selling Restrictions
Key Risks and Foreign Selling Restrictions CBO’s Boundary Bend olive grove, Australia Cobram Estate Olives Limited
Slide 21: Key Risks
Key Risks There are a number of factors, specific to the Company and of a general nature, which may affect the future operating and financial performance of the Company and the industry in which it operates. This section discusses some of the key risks associated with an investment in shares in the
Slide 22: Key Risks
Key Risks Weather variability As a horticultural business, CBO is affected by weather and climate issues. Variable weather conditions and severe weather events may cause fluctuations in market supply or lead to severe crop impacting crop yield damage and crop yield volatility, which may negatively i
Slide 23: Key Risks
Key Risks Brand and reputation CBO’s product is sold under a number of brands which are owned by the Company, as well as through Private Label and bulk sales channels. Those brands and their image, as well as CBO’s reputation as a grower and supplier, are key assets of the Company. The reputation an
Slide 24: Key Risks
Key Risks General regulatory CBO is required to comply with a range of laws and regulations in the jurisdictions in which it operates, including laws and regulations which relate to food standards, labelling and packaging, fair factors trading and consumer protection, employment, property, and the e
Slide 25: Key Risks
Key Risks Changes in market CBO’s success depends, in part, on its ability to meet consumer demands, and adjust its product range and positioning to fit with current or anticipated market trends, which can be impacted by a trends variety of factors, including changing tastes and dietary habits of co
Slide 26: Foreign Selling Restrictions
Foreign Selling Restrictions This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this presentation may not be distributed to any person, and the New Shares may not be offered or sold, in any country outside Aus
Slide 27: Foreign Selling Restrictions (cont'd)
Foreign Selling Restrictions (cont’d) Singapore This document and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this document and any other document or materials
Slide 28: Foreign Selling Restrictions (cont'd)
Foreign Selling Restrictions (cont’d) Singapore (cont’d) Singapore SFA Product Classification: In connection with Section 309B of the SFA and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the CMP Regulations 2018), the Issuer has determined, and hereby notifies
Slide 29: Appendix
Appendix Flowering at CBO’s Boundary Bend olive grove, Australia Cobram Estate Olives Limited
Slide 30: About Cobram Estate Olives Limited
About Cobram Estate Olives Limited One of the world’s leading vertically integrated producers and marketers of premium quality extra virgin olive oil Company snapshot • Established in 1998, Cobram Estate Olives Limited (ASX: CBO) is Australia’s largest vertically integrated producer and marketer of
Slide 31: CBO's Strategic Advantages
CBO’s Strategic Advantages CBO’s strategic olive assets deliver significant competitive advantages and strong barriers to entry Vertically integrated operations with Proprietary Oliv.iQ® Premium market-leading Industry-leading strategically located, Integrated Olive brands Cobram Estate® sustainabil
Slide 32: CBO's Olive Growing, Milling, and Bottling Operations in Australia and USA
CBO’s Olive Growing, Milling, and Bottling Operations in Australia and USA Large-scale olive groves and olive mills, delivering efficiencies in olive growing, harvesting, milling, bottling, and distribution Olive groves, harvesters and Olive mills and olive oil storage Bottling, warehouse, and labor
Slide 33: Thank you for your support!
Thank you for your support! Cobram Estate Olives Limited Olive harvest at CBO’s Boundary Bend olive grove, Australia
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