Wide Open Agriculture : Appendix 4C and Quarterly Update

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QUARTERLY RESULTS	ASX: WOA
PRESENTATION - Q2 FY22
January 2022
	FRA: 2WO
	Australia's leading ASX-
	listed regenerative food
	and agriculture company

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Wide Open Agriculture reported revenue of $2.3m during Q2 FY22, representing an increase of 132% year-over-year and a 36% increase from the prior quarter.

Growth was driven by increased sales of oat milk products sold into Australia and Singapore, as well as continued growth in Dirty Clean

Food's regenerative food brand in Western Australia.

WOA received an International Preliminary Report on Patentability (IPRP),

which deemed the Company's lupin protein technology novel and inventive

AUD$20.6 million raised to accelerate Wide Open Agriculture's penetration into the fast-growingplant-based category in food, drinks and proteins.

Location for lupin pilot manufacturing facility identified, development of high protein oat milk advanced and continued engagement with numerous food companies to progress the development of potential off-take agreements.

Multiple oat milk distribution agreements signed, with an estimated sales value of AUD$2.1m over the next 12 months.

Results include $200,000 of one-time live cattle sales. Adjusted for this, revenue growth would have been 112% YoY and 24% QoQ

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QUARTERLY REVENUE AUD$

2,500,000

$2,288,851

only
2,000,000
1,500,000
use
1,000,000
500,000
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$1,682,841

$1,425,921

	$1,136,455	Q2 FY22 Revenue	36 PERCENT
$987,769		$2,288,851
		Q-ON-Q GROWTH

132 PERCENT	CASH @ BANK1
INCREASE OVER	$26.2M
Q2 FY21 SALES

Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22

RETAIL	ONLINE	FOODSERVICE
		& WHOLESALE

Results include $200,000 of one-time live cattle sales. Adjusted for this, revenue growth would have been 112% YoY and 24% QoQ

(1) Cash at bank as at 31 December 2021

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The Company raised AUD$20.6 million (before costs) through a single tranche placement and Share Purchase Plan by issuing a total of 27.5m shares at an issue price of AUD$0.75 per share.

Attracted 8 local and 7 international institutional investors to the register, demonstrating confidence in WOA's growth strategy.

Funds will support the design, construction and operation of an advanced, green technology oat milk and other plant-based drink manufacturing facility.

Funding will expand the capacity and scope of the lupin pilot plant to match the strong internal and potential external demand for the output.

SPECIFIC USES OF PROCEEDS WILL INCLUDE:

Development of a proprietary facility		Increase and accelerate the
to create the world's lowest carbon		capability of our plant-based
oat milk and plant-based drinks		protein facility

Oat milk sales and marketing
initiatives along with value	General working capital

chain creation

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"We are growing quickly and with confidence that demonstrates our strategy is smart and resilient. Our quarterly revenue grew at over

only	30% across our brand's portfolio. Our recent
raise will enable us to capture value and scale
our impact through low-carbon, local
manufacturing of our proprietary lupin
protein and oat milk. Whilst continuing to
use
grow our brand and market presence across
Australia and Asia.
Dr. Ben Cole
Managing Director - Wide Open"Agriculture
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