ersonal use only
GROWTH CATALYST UPDATE | ASX: WOA |
EUROZ HARTLEYS ROTTNEST ISLAND | |
INSTITUTIONAL CONFERENCE | FRA: 2WO |
9 March 2022 | |
Australia's leading ASX- | |
listed regenerative food | |
and agriculture company |
ersonal use only
10th
$383k
Q3
FY20
HEALTH & WELLNESS
ON-TREND
F&B BRAND
Q-on-Q growth with growing online sales
$2.28m
$1.68m
$1.42m
$1.13m
$987k
$764k
$571k
Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 |
FY20 | FY21 | FY21 | FY21 | FY21 | FY22 | FY22 |
PLANT-BASED MILKS
CARBON NEUTRAL
OAT MILK
Woolworths, Singapore & HK distribution
agreements
Available in over 500 retail and café locations globally with 1000+ locations forecast by Q4 FY22
New product range includes chocolate, coffee, cold brew and barista versions
PLANT-BASED PROTEIN
LUPIN PROTEIN
All pilot equipment arrived on schedule
Developing high protein oat milk using lupin
Advanced negotiations with potential off-take partners
2
only | WOA has a first mover advantage to develop a proprietary, lupin- | |
based protein suitable for numerous food and drink categories with | ||
forecast market size US$100 billion+ | ||
use | Lupin is one of the highest sources of plant proteins available | |
(40%) combined with a high source of dietary fibre (37%).1 | ||
High gelation, no flavour, non-GMO,low GI, easily digestible, high | ||
in essential amino acids and cholesterol free. | ||
ersonal | Current market value of raw lupins is AUD~$200mill with 96% | |
consumed by livestock and 60% of global supply produced in Western | ||
Australia.2 | ||
Low carbon foot-print, low water pollution and integral | ||
component to build soil health | ||
WOA's lupin-based protein powder and potential food and beverage applications | ||
(1) lupinfoods.com.au (2) Department of Primary Industries and Regional Development | 3 |
ersonal use only
All equipment received and on track with milestones for commissioning.
Advantages of the facility include;
- Produce quantities for launch of high protein oat milk and new product development off-take agreements.
- In-housedevelopment of plant-based food and beverage products and trade secrets and know-how related to Buntine Protein™
- Enhanced opportunities to identify applications for lupin fibre with strong potential for additional revenue stream
- Opportunity to explore trade secrets and application of the patented technology for other regenerative pulses grown in Australia.
Designed to be a zero-waste facility with multiple income streams
COST ESTIMATES | |
BOARD APPROVAL | |
FINALISE PILOT DESIGN | |
4 | COMMENCE CONSTRUCTION (Q3 FY22) |
5 | INITIAL PRODUCTION (Q1 FY23) |
6 | PILOT SCALE PRODUCTION (Q1 FY23) |
Equipment for the pilot lupin plant at Dirty Clean Food facility in Kewdale, Western Australia
4
only | PLANT BASED MILK | ||
Category | |||
use | |||
Products | |||
OAT MILK | PROTEIN ENRICHED | ||
OAT MILK | |||
Ingredient | Regenerative Oats | Regenerative Oats + | |
ersonal | Buntine Protein™ | ||
M rket size | US$38 billion by 2024 1 | US$38 billion by 2024 1 | |
Development | On Sale Now | Product launch - | |
Phase | Q2 FY23 | ||
(1) PV Plant Milk Report (2) Markets and Markets (3) Future Market Insights (4) Grand View Research
PLANT-BASED MEAT PLANT-BASED SNACKS PLANT-BASED PROTEIN
BURGER, SAUSAGE, | NOODLES, YOGHURT, | PROTEIN POWDER | ||
CHICKEN & MINCE | CHEESE & MAYONNAISE | |||
Buntine Protein™ | Buntine Protein™ | Buntine Protein™ | ||
US$28 billion by 2025 2 | US$73 billion by 2028 3 | US$36bn by 2028 4 | ||
Under development | Under development | Under development |
5
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