Happy Valley Nutrition : CEO Presentation

For personal use only

17 November 2021

2021 Annual General Meeting - CEO's Presentation

Happy Valley Nutrition Limited (Happy Valley) (ASX: HVM) provides the attached CEO's presentation to be delivered at today's Annual General Meeting commencing at 1.00pm AEDT / 3.00pm NZDT.

The webcast of the AGM can be joined at: www.agmlive.link/HVM2021.

Authorised for release by the Greg Wood, CEO and Managing Director of Happy Valley Nutrition Limited.

For further information, please contact:

Greg Wood, CEO: [e-mail]; [phone]

Page 1 of 1

ersonal use only

Artist impression - indicative only -

Drone photo of site in June 2021

Greg Wood

Chief Executive Officer - Happy Valley Nutrition Limited

Agenda

u Our Purpose

only	u	Our Business model
use	u	Value Curve
u	Timeline
ersonal	u	Current Focus
u	Milestones
	u	Q&A

Happy Valley Nutrition Limited (ASX: HVM) is developing a state-of-the-art nutritional grade spray drying plant, and associated infrastructure (Facility), to efficiently manufacture specialty nutritional powders and fully formulated products derived from A2 and other milk types including non-bovine.

2

Our Purpose

		To enable healthier living through sourcing and transforming
				premium NZ ingredients into
only				Foods for the Future
Happy Valley Nutrition Limited (ASX: HVM) is developing a state-of-the-art nutritional grade spray
	drying plant, and associated infrastructure (Facility), to efficiently manufacture specialty nutritional
	powders and fully formulated products.
		SOURCING:		TRANSFORMING:		ESG:			CONSUMER:
use	It starts with premium NZ		Scalable, Efficient,		Healthier Planet		Healthier People
	ingredients		Innovative
Cows Milk		Quality			Environment			Healthy Start
A2/grass-fed/Organic		Pharma/Nutritional Grade		Net Zero Water,
						Net Zero Carbon			Healthy Living
Alternative Milks		Value Chain Flexibility		Enhancement of the ecology
	Ingredients to packaged goods		Social
sheep/goat							Healthy Aging
			Design innovation		Creating jobs
ersonal	Plant based			Governance
	Manufacturing efficiency
		Corporate Governance
			Differentiated milk processing.
				Flexibility			commitment.
	ENABLERS
	Our People	Our Place			Our IP
	-	Management Team	-	Permits, Licences, consents	- Design Knowhow
	-	Our Partners	-	Infrastructure			- Matching demand with capability
	-	Our Customers	-	Service Industry proximity
				-	NZ Premium

3

Elderly - ingredients to treat joint wear, digestion issues, vitamin or mineral deficiency

Adult - general wellness formulations like specialty proteins, lipids, and specific ingredients to aid with healthy living, customized dietary requirements, and trauma recovery.

Pediatric - nutrition for demographics that require additional base dietary supplements (not just IMF)

Specialty Ingredients - Targeted ingredients that suit the application and can substitute for standard milk powders; typically, with higher non-dairyconstituents. End products could include yoghurts, sports drinks, confectionary and snack bars.

Our business model

Our business model is to focus on nutritional products that have sustainable growth opportunities.

onlyFormulated nutritional powders with specific applications for different nutritional demographics;

use

NZ Segmentation of Dairy Market

Specialty Dairy &

Non

Dairy Nutrition

Powders - Export

NZ Dairy Export Commodities

(circa) US$ 12.2 bn

High Growth

Potential

ersonal

Mature-Low

Growth

Infant Milk

Formula -Export(circa) US $1.1 bn

Growth Potential

(super premium products)

Source: NZ Ministry Primary Industries and Statistics NZ 2021

4