Oliver Real Food : Quarterly Activities/Appendix 4C Cash Flow Report

For personal use only

				Oliver's Real Food Ltd
				ABN 33 166 495 441
30 May 2022			PO Box 3678
ASX Announcement			TUGGERAH NSW
				[phone]
		ASX - OLI
		Monthly Appendix 4C - April 2022

Further to ASX's request, pursuant to listing rules 18.7 and 18.8, that Oliver's Real Food Limited ("OLI" or the "Company") lodge a monthly report in the form of an Appendix 4C under listing rule 4.7B, commencing with an Appendix 4C for May 2021, the Company provides Appendix 4C for the month ending 30 April 2022.

The Company's material business activities for April 2022 included:

• Company-storesales $2,522,889, down 11.30% on 2021 sales, and down 17.48% on April 2019.
• State performance compared with 2021: NSW down 9.72%, VIC down 16.53%, QLD up 6.59%.
• State performance compared with 2019: NSW down 7.25%, VIC down 35.59%, QLD up 0.13%.
• Oliver's Food to Go total sales were $449,000.

This ASX release has been authorised by the Board of Directors.

---END---

For further information please contact:

Martin Green, Chairman [e-mail]

About Oliver's Real Food Limited (ASX:OLI)

Oliver's Real Food Limited (Oliver's) listed on the ASX on 21 June 2017. Over its 15-year operating history, Oliver's has established a significant market position providing a healthy fast food alternative for travellers on Australia's major arterial highways. Oliver's Real Food is the world's first "certified organic fast food chain" and provides its customers with premium quality, "real" food that is fresh, natural, & free from additives and preservatives. Oliver's is a conscious business that understands, and is committed to, the interdependency of "all stakeholders" including our, customers, investors, team members, suppliers, the environment, and the communities in which we operate. www.oliversrealfood.com.au

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For personal use only

Rule 4.7B

Appendix 4C

Monthly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

OLIVERS REAL FOOD LIMITED
ABN	Month ended
33 166 495 441	APRIL 2022

Consolidated statement of cash flows	Current Month	Year to date
			$A'000	(10 months)
				$A'000
1.	Cash flows from operating activities
1.1	Receipts from customers	2,672	16,800
1.2	Payments for
	(a)	research and development	-	-33
	(b) product manufacturing and operating	-1,242	-9,425
		costs
	(c)	advertising and marketing	-65	-228
	(d)	leased assets	-	-
	(e)	staff costs	-992	-7,658
	(f) administration and corporate costs	-199	-1,551
1.3	Dividends received (see note 3)	-	-
1.4	Interest received	-	2
1.5	Interest and other costs of finance paid	-14	-1,034
1.6	Income taxes paid	-	-
1.7	Government grants and tax incentives	-	2,011
1.8	Other (provide details if material)	-	-
1.9	Net cash from / (used in) operating	160	-1,116
	activities
2.	Cash flows from investing activities
2.1	Payments to acquire or for:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c) property, plant and equipment	-	-237
	(d)	investments	-	-
	(e)	intellectual property	-	-36

ASX Listing Rules Appendix 4C (17/07/20)	Page 1
+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

Monthly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current Month	Year to date
			$A'000	(10 months)
				$A'000
	(f) other non-current assets -Term
		Deposit	-	-
2.2	Proceeds from disposal of:
	(a)	entities	-	-
	(b)	businesses	-	-
	(c)	property, plant and equipment	-	316
	(d)	investments	-	106
	(e)	intellectual property	-	5
	(f)	other non-current assets	-	-
2.3	Cash flows from loans to other entities	-	-
2.4	Dividends received (see note 3)	-	-
2.5	Other (provide details if material)	-	-
2.6	Net cash from / (used in) investing	-	154
	activities
3.	Cash flows from financing activities
3.1	Proceeds from issues of equity securities	-	-
	(excluding convertible debt securities)
3.2	Proceeds from issue of convertible debt	-	-
	securities
3.3	Proceeds from exercise of options	-	-
3.4	Transaction costs related to issues of
	equity securities or convertible debt	-	-
	securities
3.5	Proceeds from borrowings	320	7,795
3.6	Repayment of borrowings (leased assets)	-356	-2,581
	Repayment of borrowings	-	-5,498
3.7	Transaction costs related to loans and	-	26
	borrowings
3.8	Dividends paid	-	-
3.9	Other (provide details if material)	-	-
3.10	Net cash from / (used in) financing	-36	-258
	activities

ASX Listing Rules Appendix 4C (17/07/20)	Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

Appendix 4C

Monthly cash flow report for entities subject to Listing Rule 4.7B

Consolidated statement of cash flows	Current Month	Year to date
	$A'000	(10 months)
		$A'000

4. Net increase / (decrease) in cash and cash equivalents for the period

4.1	Cash and cash equivalents at beginning of	227	1,571
	period
4.2	Net cash from / (used in) operating	160	-1,116
	activities (item 1.9 above)
4.3	Net cash from / (used in) investing activities	-	154
	(item 2.6 above)
4.4	Net cash from / (used in) financing activities	-36	-258
	(item 3.10 above)
4.5	Effect of movement in exchange rates on	-	-
	cash held
4.6	Cash and cash equivalents at end of	351	351
	period
5.	Reconciliation of cash and cash	Current Month	Previous Month
	equivalents	$A'000	$A'000
	at the end of the quarter (as shown in the
	consolidated statement of cash flows) to the
	related items in the accounts
5.1	Bank balances	215	94
5.2	Call deposits	-	-
5.3	Bank overdrafts	-	-
5.4	Other (provide details)	136	133
5.5	Cash and cash equivalents at end of	351	227
	quarter (should equal item 4.6 above)
6.	Payments to related parties of the entity and their	Current Month
	associates		$A'000
6.1	Aggregate amount of payments to related parties and their	-
	associates included in item 1. Directors Fees paid to Non-Executive
	Directors and salaried Executive Directors.
6.2	Aggregate amount of payments to related parties and their
	associates included in item 2		-

Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments.

ASX Listing Rules Appendix 4C (17/07/20)	Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.

Appendix 4C Monthly cash flow report for entities subject to Listing Rule 4.7B

only

7. Financing facilities

Note: the term "facility' includes all forms of financing arrangements available to the entity.

Add notes as necessary for an understanding of the sources of finance available to the entity.

7.1 Loan facilities

7.2 Credit standby arrangements

7.3 Other (please specify)

7.4 Total financing facilities

Total facility	Amount drawn at
amounts at month	Month end
end	$A'000
$A'000
7,500	7,420
-	-
301	301
7,801	7,721

personal use

7.5

Unused financing facilities available at month end

80

7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

7.1 A $5.0m secured facility with Gelba Pty. Limited and Michael and Suzanne Gregg at an interest rate of 5.25% pa calculated daily and payable quarterly in arrears maturing 30 September 2028. Repayment of $250k per quarter from 1 October 2023 with first repayment due 31 December 2023.

A $1.5m secured revolving line of credit with Gelba Pty. Limited and Michael and Suzanne Gregg at an interest rate of 5.25% pa calculated daily and payable monthly in arrears maturing 30 September 2023.

A $1.0m unsecured revolving line of credit with Gelba Pty. Limited and Michael and Suzanne Gregg at an interest rate of 5.25% pa calculated daily and payable monthly in arrears maturing 30 September 2023.

7.3 Secured loan $301k from Green Superannuation Fund assignment of the Safety Aviation Factor Pty Ltd loan, only repayable after 1st July 2021 and the consolidated entity has recorded a positive NPAT during the two calendar quarters prior to the quarter in which the payment is made; The interest rate being 6% calculated daily, payable monthly in arrears.

8. Estimated cash available for future operating activities

8.1 Net cash from / (used in) operating activities (item 1.9)

8.2 Cash and cash equivalents at month end (item 4.6)

8.3 Unused finance facilities available at quarter end (item 7.5)

8.4 Total available funding (item 8.2 + item 8.3)

8.5 Estimated Months of funding available (item 8.4 divided by item 8.1)

$A'000

160

351

80

431

N/A

For

Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

Answer:

8.6.2

Answer:

ASX Listing Rules Appendix 4C (17/07/20)	Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.