Wide Open Agriculture Ltd. · ASX:WOA
Wide Open Agriculture — Shareholder Meeting (November 2024)
15 slides from Wide Open Agriculture's shareholder meeting presentation, Nov 28, 2024
Slide 1: Lupin protein: A Clean Food revolution
For personal use only Lupin protein: A Clean Food revolution AGM and Investor Presentation | November 2024 ASX: WOA FRA: 2WO
Slide 2: 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
Slide 3: The Opportunity
The Opportunity For personal use only The Australian-based supplier of premium lupin products for global human consumption Lupins, a Clean Food source of premium plant-based protein: - Nutritious - Smooth Taste - Sustainable Positioned to capture a share of the fast-growing US$15bn1 plant protein ma
Slide 4: 2024: A Year of Transition
2024: A Year of Transition For personal use only Our Company: Our Team: Solely focused Board refreshed on plant Core technical proteins and leadership team retained Disposal of DCF business completed Our Production: Our Sales: Stage one scale Developing up facility in place; sales pipeline; working
Slide 5: Lupins: a better source of nutrition
Lupins: a better source of nutrition For personal use only Seed with the highest protein & fibre content Nutrition: - All essential amino acids Highest Fibre - Excellent protein digestibility - Whole of seed utilisation Lowest Sugars Low oils Dietary: Highest Protein - Suitable for gluten and lactos
Slide 6: Creating Value – Building IP around Lupin for Humans
Creating Value – Building IP around Lupin for Humans Our Breakthrough For personal use only Today's Lupin Previous Barriers WOA’s IP High Function, Unlocks Food Neutral colour, taste Applications WOA has a strategic lupin IP portfolio WOA: THE Lupin Company IP developed by Curtin University Lupin Lu
Slide 7: Lupin protein: Sustainable competitive advantage
Lupin protein: Sustainable competitive For personal use only advantage A premium value product that helps simplify recipes and remove unwanted ingredients High functioning ingredient that Masking agents / excels where colour, texture and Emulsifiers taste are critical Gums Sweeteners Better tasting
Slide 8: Lupins: better for the planet
Lupins: better for the For personal use only planet The food Lupins reduce system on farm CO2 contributes emissions by 34% of global over 50%2 emissions1 Reduces the Works in need for marginal soils; synthetic require less nitrogen water than meat, fertilisers while soy, almond & improving pea prote
Slide 9: Diets are Changing
Diets are Changing $162bn $139bn For personal use only Customers open to plant based Continued strong market growth 62% of European consumers US$15bn market, growing at identify as ‘open omnivores’ 8.2%3 and ‘flexitarians’, ready and willing to explore plant-based Market will double in 10 years food
Slide 10: Building the Sales Pipeline
Building the Sales Pipeline For personal use only What are we doing to convert the pipeline? 18 – 24 month Product R&D Cycle Education & awareness Understanding specific needs Sales Samples R&D Design Initial Product Recurring Partner Sent Win sales Launch Retail Sales Tailoring Proteins to meet req
Slide 11: Production Pathway to Scaled Output
Production Pathway to Scaled Output Lupins For personal use only R&D Facility R&D Operational pilot scale Facility facility used for R&D 5-10tpa Lupin Fibre Milling German Facility Commercial Lupin Stage one commercial Production Extraction Oil production in place; pathway 500 - to larger scale faci
Slide 12: Lupin Protein Path to Market
Lupin Protein Path to Market For personal use only 2021 2022 2023 2024 2025 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Lab scale trials with CSIRO Pilot scale production and R&D Facility (10tpa) First orders received from pilot plant R&D: Dairy, baking, supplement & meat Stage One: Production Facility (Germany)
Slide 13: Capital Structure & Team
Capital Structure & Team Current Capital Structure WOA Matthew Skinner Yaxi Zhan For personal use only Last Price¹ $0.01 Chief Executive Non-Executive Director Shares Outstanding 553m Officer & Chair With a Finance and An experienced executive Market Capitalisation $5.5m Management career across sta
Slide 14: Key Takeaways – a 'Clean Food' investment
Key Takeaways – a What To Expect in 2025 ‘Clean Food’ investment For personal use only Nutritional, dietary and health benefits of 1 Improved balance sheet; lupins are unrivaled reduced cash burn, R&D tax rebate 2 WOA has a strategic Lupin IP portfolio Lupin protein works in a diverse range of 3 Con
Slide 15: Thank You
For personal use only Thank You Matthew Skinner Chief Executive Officer M: (+61) 0468 303 620 E: matthew.s@wideopenagriculture.com.au
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