Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Bell Potter Home Grown Conference 2022
17 slides from Wide Open Agriculture's conference presentation, Jun 8, 2022
Slide 1: Bell Potter Home Grown Conference June 2022
For personal use only BELL POTTER HOME GROWN CONFERENCE JUNE 2022 ASX: WOA
Slide 2: Disclaimer
For personal use only 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 conte
Slide 3: Plant-based protein, milks, health and wellness
For personal use only PLANT-BASED PROTEIN PLANT-BASED MILKS HEALTH & WELLNESS UNIQUE, ECO- WORLD FIRST, FRIENDLY CARBON ON TREND ECO-FRIENDLY NEUTRAL REGENERATIVE $2.6m PROTEIN MADE PROTEIN MADE BRAND $2.28m OAT MILK FROM LUPIN FROM LUPIN $1.42m $1.68m $1.13m High protein oat milk $987k Plant-based
Slide 4: Plant-based is exploding and here to stay
$162bn For personal use only $139bn $123bn WE ARE HERE… $109bn $94bn $78bn PLANT-BASED IS $44bn $52bn $65bn EXPLODING AND $29bn $35bn HERE TO STAY… 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total global plant-based retail market size (USD) Bloomberg Intelligence, OECD FAO Agricultural O
Slide 5: 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 6: Unlocking lupin's value: Buntine Protein
For personal use only Raw Ingredient Unlocking lupin’s value World-first breakthrough AUSTRALIAN SWEET LUPIN ADVANCED MANUFACTURING BUNTINE PROTEIN ® • Unlocks lupin’s potential to be used for • Buntine Protein® is a high-value, plant-based new plant-based food and beverage protein concentrate. appl
Slide 7: Pilot plant timeline
For personal use only 5 6 COST ESTIMATES & COMMENCE SECURE INITIAL OFF INITIAL PILOT SCALE BOARD APPROVAL FINALISE DESIGN CONSTRUCTION TAKE AGREEMENT PRODUCTION PRODUCTION Q4 FY22 Q1 FY23 7
Slide 8: Buntine Protein supply agreement
BUNTINE PROTEIN For personal use only SUPPLY AGREEMENT Supply Agreement with Monde Nissin Australia Pty Ltd (MNA) MNA is the owner of leading food and beverage brands - Nudie, Black Swan, Peckish, and Wattle Valley. MNA to use Buntine Protein to develop and test plant-based food and beverage product
Slide 9: Business to consumer and business to business
For personal use only BUSINESS TO CONSUMER BUSINESS TO BUSINESS Develop, launch and market plant- Sign supply agreements with based protein products under the established brands and provide Dirty Clean Food brand. Buntine Protein® as ingredient. HIGH PROTEIN OAT MILK WITH LUPIN 60% OFFTAKE SECURED W
Slide 10: Global samples requested by food companies
For personal use only CANADA U.S. SINGAPORE AUSTRALIA Leading food and ingredient companies requested and received samples of Buntine Protein® along NEW ZEALAND GERMANY with an updated Product Information Form (PIF). HOLLAND 10
Slide 11: Global retail and café locations and distribution agreements
Global retail & café locations For personal use only 1000 1000 900 800 700 600 500 500 400 300 300 200 Recent distribution agreements* 100 Q1 Q2 Q3 FY22 FY22 FY22 Min A$500,000 pa Est. A$750,000 pa Global expansion underway Min A$150,000 pa Min A$700,000 pa Est. A$650,000 pa TAIWAN HONG KONG UAE SAU
Slide 12: Commercial scale oat milk facility in Western Australia
For personal use only WOA will design, build and operate a commercial scale plant-based milk facility in Australia. The facility will be the first oat milk manufacturing plant in Western Australia HIGH PROTEIN OAT MILK WITH LUPIN Potential to produce the world’s lowest carbon emissions per litre of
Slide 13: Products on sale
ON SALE ON SALE For personal use only ON SALE NEW BARISTA VERSION Released in Australia 13
Slide 14: Q3 FY22 revenue
For personal use only Q3 FY22 Revenue 14 PERCENT $2,609,245 Q-ON-Q GROWTH 129 PERCENT CASH @ BANK1 INCREASE OVER Q3 FY21 SALES $22.9M The previous quarters results (Q2 FY22) included $200,000 of one-time live cattle sales. Excluding this, sequential revenue growth for Q3 FY22 would have been 25% QoQ
Slide 15: Outlook
For personal use only OAT MILK OUTLOOK OUTLOOK Continued growth emphasis with a focus on driving Maintain sequential quarterly growth with focus on sales in new distribution channels digital and retail channels. Expand market share within retailer network with Support new distribution with broad pus
Slide 16: Regenerative agriculture and carbon initiatives
For personal use only 1. Natural Capital Accounting - Suppliers are in the process of undertaking a full natural capital accounting assessment including remote soil organic carbon assessment 2. Carbon & biodiverse native tree planting - Biodiverse tree plantings accepted into registered carbon farmi
Slide 17: Authorisation and contact
For personal use only This presentation has been authorised and approved in accordance with the Company’s published continuous disclosure policy and has been approved by the Managing Director. BEN COLE Managing Director E: ben@wideopenagriculture.com.au
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