Slide 1: Financial Year 2019 Investor Presentation
For personal use only Financial Year 2019 Investor Presentation June 2019
Slide 2: Wingara Ag Limited - Overview
Wingara Ag Limited - Overview For personal use only Wingara AG Ltd (WNR.ASX) owns and operates value-add, mid-stream assets specialising in the processing, storage and marketing of high-quality Australian agricultural produce for export markets through two business divisions; JC Tanloden and AustCo
Slide 3: Wingara AG – Trading History
Wingara AG – Trading History For personal use only Wingara AG was listed on the ASX through the reverse takeover of Biron Apparel Ltd, raising $4.8m to fund the expansion of the Company’s production facilities at Epsom, VIC. Wingara raised an additional $6.7m via a Placement in March 2018 to fund th
Slide 4: Business Model
Business Model For personal use only Wingara’s business model is focussed on controlling the bottlenecks linking producers of agricultural product and key domestic & export markets. High barriers to entry with export accreditation Risk Management, Corporate Governance, Finance, Legal & Regulatory Ov
Slide 5: FY19 Financial Results Summary
FY19 Financial Results Summary For personal use only Record revenue & EBITDA as asset base continues to grow Revenue1 EBITDA2 Total assets FY19 $29.0m $4.8m $47.0m (Actual) 166% 336% 101% FY18 $10.9m $1.1m $23.3m (Actual) FY19 Operational Highlights: • Completed the acquisition of AustCo Polar subst
Slide 6: Division Overview - JC Tanloden
For personal use only Division Overview - JC Tanloden Page 6
Slide 7: Why Oaten Hay?
Why Oaten Hay? For personal use only Australian oaten hay is a prime source of digestible fibre for dairy and beef cattle Oaten Hay Overview Competitive Landscape Oaten hay is the primary fodder product that Australian producers export Company Locations Products High demand from the global marke
Slide 8: Overview of JC Tanloden
Overview of JC Tanloden For personal use only Established in 1985, JC Tanloden has the largest fodder production capacity on the east coast of Australia. We purchase, process and transport our high quality produce to our domestic and global customers Services Revenue Model • Based on a tolling model
Slide 9: Existing Assets & Capacity
Existing Assets & Capacity For personal use only Wingara has invested significantly into expanding the combined throughput capacity of Raywood, VIC to 150K MT per annum within four years with another site at Horsham, VIC, to bring capacity to 250K MT • Raywood represents a milestone in Wingara’s dev
Slide 10: Division Overview – AustCo Polar
For personal use only Division Overview – AustCo Polar Page 10
Slide 11: Overview - Austco Polar Cold Storage
Overview - Austco Polar Cold Storage For personal use only Established in 1987, Austco Polar Cold Storage owns and operates a cold storage facility which specialises in temperature controlled facilities, blast freezing, storage and distribution for domestic and international clients Services Financi
Slide 12: Synergies between AustCo Polar & JC Tanloden
Synergies between AustCo Polar & JC Tanloden For personal use only Austco is a strategic asset for Wingara on our journey to becoming a diversified provider of agricultural products: • Existing export accreditation provides ability to export new products to existing key Asian export markets • Provid
Slide 13: FY2019 Results & Outlook
For personal use only FY2019 Results & Outlook Page 13
Slide 14: FY19 Financial Results
FY19 Financial Results For personal use only Profit & Loss FY2019 FY2018 A$M A$M Commentary Revenue • Transformational year in FY2019, with a significant Hay Sales 16.76 10.76 acceleration in revenue, EBITDA and asset base with only Cold Storage & Blast Freezing 12.36 - part of the Raywood facility
Slide 15: FY19 Financial Results
FY19 Financial Results For personal use only Cash Flow Balance Sheet FY2019 FY2018 FY2019 FY2018 A$M A$M A$M A$M Cash flows from operations ASSETS Receipts from customers 28.23 11.02 Cash & equivalents 0.66 8.70 Payments to suppliers, employees (26.26) (10.64) Trade & other receivables 1.46 0.40 Int
Slide 16: Wingara’s Growth Strategy
Wingara’s Growth Strategy For personal use only Wingara is strongly positioned to capitalise from growing customer demand in the next 2–5 years 01 Combined throughput capacity of up to 200,000 MT p.a. across Bendigo, Raywood and Horsham Expand JC Storage capacity in excess of 80,000 MT Tanloden
Slide 17: FY2020 Outlook
FY2020 Outlook For personal use only We see continued strong growth in fodder markets with demand from key export customers growing along with leveraging facility expansion at AustCo Division Focus Areas Commentary • We are continuing to see strong product demand for oaten hay as • Respond to strong
Slide 18: Appendix
For personal use only Page 18 Appendix
Slide 19: Key People
Key People For personal use only The board and senior management team have solidified a proven track record to date having successfully executed Wingara AG’s strategic expansion and diversification plan to date Directors & Key Management Gavin Xing – Executive Chairman Over 17 years’ experience in
Slide 20: Wingara – A history of sustainable growth
Wingara – A history of sustainable growth For personal use only September 2017 JC Tanloden throughput reached 30,000MT p.a. Executed contract to February 2016 acquire the land at September / October 2018 IPO on the ASX raising $4.9m to fund Epsom facility Complete 1st Phase development of Epsom prod
Slide 21: Wingara Vision
Wingara Vision For personal use only Wingara is building out an integrated platform of mid-stream agricultural assets focussed on unlocking value in the global protein supply chain • Maintain strong relationships with our grower base to access high quality agricultural 1 produce at the farm gate • S
Slide 22: Australian Hay Exports
Australian Hay Exports For personal use only Rising demand for quality beef and milk among a growing Asian middle class is projected to boost the demand for quality Australian hay feed Exports as a share of overall hay production have increased materially over the last decade Stable hay quality
Slide 23: Raywood Facility
Raywood Facility For personal use only Start of the art storage and processing facility that will provide the foundations for Wingara’s next phase of high growth in Oaten hay and green product varieties. Page 23
Slide 24: AustCo Polar Facility
AustCo Polar Facility For personal use only Substantial blast freezing and cold storage facilities strategically located close to Port of Melbourne for easy access to export markets. Recent energy saving initiatives will drive further operational gains Page 24