Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Shareholder Meeting (November 2019)
20 slides from Wide Open Agriculture's shareholder meeting presentation, Nov 22, 2019
Slide 1: Annual General Meeting 22 November 2019
Wide Open » \ Agriculture Australia’s leading ASX-listed regenerative food and agriculture company Annual General Meeting 22 November 2019
Slide 2: Capital Structure & Board
Capital Structure & Board Cash at bank (14 November 2019) $2,717,239 Shares on issue 70,579,249 Shareholder ownership Number of shareholders Wide Open s\ Agriculture Top 20 ownership Directors and Officers ownership Chairman Anthony Maslin Current price per share Managing Director Dr. Ben Cole Non-e
Slide 3: A globally trusted regenerative food brand
A globally trusted regenerative food brand NV cee DIRTY CLEAN FOOD Categories Animal Protein Plant-based drink Plant-based Protein
Slide 4: Securing a regenerative supply chain
Securing a regenerative supply chain AY viseceer Agriculture Wide Open ¢d McA\pine Regenerative farmland portfolio Regenerative farmer partners Providing managed investment opportunities in high value Offering long-term supply agreements and support for West Australian farmland assets regenerative f
Slide 5: Our market opportunity
5 Our market opportunity AY wee ore Agriculture 40% growth in global protein consumption Between 2000 to 2018, 50% f thi h was in Asi onne 73% of millenials “ SAL DOIo) ~ A$513 billion global protein market Percent of millennials willing to pay Farceast marker wellue tn 2OQS more for sustainable pro
Slide 6: Regenerative agriculture
Regenerative agriculture Minimise soil disturbance Keel the soil covered Maintain living roots in soil Maximise crop diversity Plant management through ethical treatment of animals Soil health — functioning, vibrant soil that uses photosynthesis to capture carbon Biodiversity — protect and enhance b
Slide 7: Climate change, food and agriculture
Climate change, food and agriculture WV occ * Food & agriculture, energy & transport identified as key responses to climate change * 47% of Australian landmass is agriculture, producing 30% oo of total GHG emissions ie * 1million species at risk of extinction — 200 species per day ai * School childr
Slide 8: Strategic insights & Update
Strategic insights & Update DIRTY CLEAN FOOD
Slide 9: Strategic insights - Ethical, grass-fed livestock
Strategic insights - Ethical, grass-fed livestock pert * Rotational grazing, grass-fed livestock production systems proven to sequester Carbon Gtaniey et al. 2018) * Moderate meat consumption identified as a component of a healthy, sustainable diet (lancet ear, 2019) * Red meat consumption in Austra
Slide 10: Dirty Clean Food sales update
| FOOD Three sales channels — 45 food service, 9 retail and 150 online customers 103% month-on-month sales growth from Oct (A$90K) compared to June 2019 $200,000 first quarter sales (July — Sept 2019) Strong gross margins with proven capacity for improved efficiencies at scale Licensed to export Fou
Slide 11: Strategic insights - Plant-based proteins
- _ _ DIRTY Strategic insights — Plant-based proteins CLEAN * On-trend, high-quality & taste and regeneratively grown in WA * A$24b per annum value of plant-based drink market * Retail sales of plant-based food grew 17% in last 12 months + Western Australian oats and lupins have a global reputation
Slide 12: Update - Plant-based products
Update — Plant-based products * Plant-based drink (oats) under final stages of development * Regeneratively grown oats have been purchased and manufacturing & logistics confirmed * Expected launch of plant-based drink forecast in Q4 FY2020 * Plant-based protein (lupins) development ongoing First to
Slide 13: Strategic insights & Update
Strategic insights & Update Wide Open Land
Slide 14: WA's leading regenerative farmland asset manager
WA’s leading regenerative farmland N Wide Open asset manager * Managing a portfolio of Western Australian Agricultural holdings * Strong risk-adjusted returns, secured by Australian farmland * Regenerative Agriculture principles reduce input costs, increase resilience to extreme weather and improve
Slide 15: Strategic insights - Farmland portfolio
Strategic insights — Farmland portfolio Australian Farmland Index reported 14% returns since 2015 — 6% income returns & 8% capital appreciation Regenerative management identified as key growth strategies by global food companies (~A$40 b turnover p.a.) Australian farmland recognised as a hedge again
Slide 16: Update - Farmland portfolio
Update — Farmland portfolio N Wide Open * Due diligence completed for ethical, grass-fed livestock production in south-west WA and Wheatbelt * Strong impact to allow for low-intensive rotational grazing in combination with livestock finishing property * Positive outlook for harvest at Andover proper
Slide 17: Update - Innovation and R&D
Update - Innovation and R&D N Agtalent * Global technology start-up to train, educate and job search for new and emerging regenerative farmers * Securing our pipeline of farmer-partners and their workforce * Growing the network of regenerative farmers in Australia and internationally Partnering with
Slide 18: Update - Innovation and R&D: Agriculture
Agriculture Update - Innovation and R&D N Wide Open Protected cropping systems Developing IM based on Detailed Feasibility Study of ~2ha protected cropping system in northern Wheatbelt Industrial hemp Launched summer hemp trial in Pingrup Shire with 12 industrial hemp varieties Building partnerships
Slide 19: Future Outlook
Future Outlook ae N Wide Open Agriculture * Continued growth in Australian markets for ethical, grass-fed livestock in food service, online and retail + Launch export sales of grass-fed, regenerative beef and lamb in FYQ3 2020 * Expected launch of regenerative plant-based drink in FYQ4 2020 * Farmla
Slide 20: or pursuant to an exemption from registration including an exemption for qualified institutional buyers.
or pursuant to an exemption from registration including an exemption for qualified institutional buyers.
Wide Open Agriculture — Shareholder Meeting (November 2019) on 6ix