Wide Open Agriculture : Successful market testing of high protein oat milk

ersonal use only

SUCCESSFUL MARKET TESTING	ASX: WOA
OF HIGH PROTEIN OAT MILK	FRA: 2WO
16 November 2021	Australia's leading ASX-
	listed regenerative food
	and agriculture company

onlyuse ersonal(1) Yahoo Finance 15 November 2021 (2) Bloomberg October 2021 (3) Yahoo Finance 15 November 2021

Oatly is valued at US$6.9Bn1

Beyond Meat is valued at US$5.39Bn and its share price has increased from $25 (IPO) to $853

Australia's v2Food aims to expand its plant-based meats to Europe and Asia with a recent €45M raise

Impossible Foods IPO is on course for $7Bn valuation, overtaking Beyond Meat2

After raising US$170 million, Eat Just is pursuing a potential IPO to the tune of US$3 billion

2

onlyuse	OAT MILK
ersonal

SWEET LUPIN

Product concept and	Product	Product expansion to	Product expansion
recipe formulation	launch in WA	NSW, Vic and SA	to Singapore
June	Dec	May	Oct
2020	2020	2021	2021

			Consumer testing and
	Food-grade	Prototype product	samples sent to global
Laboratory	samples	testing	food producers
Early	Dec	May	Oct
2020	2020	2021	2021

3

use only
"Plant-based product	"Unilever aims to be
ersonal	sales grew by more than	selling €1 billion-worth of
	plant-based meat and
15%, reaching EUR$2.2bn
	of sales1"	dairy alternatives annually
		within the next six years2"

(1) Reuters April 20, 2021 (2) Unilever September 2021 (3) Credit Suisse (4) Nestle 2020

"The market for alternative meat and dairy could grow from USD$14bn currently to USD$1.4trn by 20503"

"Flexitarian is fast becoming as valid a lifestyle choice as vegetarian or meat-eater.

Up to 30% of consumers are keen to transition to a diet with less or no meat4"

4

only	"The demand for plant-based meat is set to
use	skyrocket an estimated 200% over the next
five years in major Asia-Pacific markets1"
ersonal

WA is ideally located in close proximity to major south-east Asian markets

WOA has a foothold in the Asian market

with OatUP being sold in Singapore

(1) DuPont Nutrition & Biosciences and Ipsos

South-east Asian consumers recognise Australian products as high quality with strong environmental credentials

Large existing market for West

Australian oats and lupin

5