OUR VISION Transform the Wheatbelt into the Foodbelt - Creating a food system that regenerates landscapes and revitalises communities -
OUR OBJECTIVE ‘First-in-class’ ASX-listed, regenerative agriculture and food company
DELIVERING FOUR RETURNS INSPIRATION FINANCIAL NATURAL SOCIAL USD60 billion impact investment market – 10% annual growth
COMPARATIVE ADVANTAGES Huge area – 150,000 square kilometers Under-valued, affordable freehold land (from AUD1000 per hectare) in a safe and stable country Excellent transport, school and health infrastructure + cheap residential land Technologically advanced and educated community and farmers 2-3 hours from international airport + same time zone as Asia Innovative thinking and practices can leverage the immense potential
GLOBAL BIODIVERSITY HOTSPOT ONLY 18% OF 15 MILLION HECTARES REMAINS AS NATIVE VEGETATION
PROGRESS UPDATE
BUNTINE - 3 ZONE APPROACH 50% NATURE AND COMBINED ZONE
GREENHOUSE OPERATIONS MD visited Mexico to learn from Cravo’s large-scale, hot-climate vegetable production systems Finalised financial feasibility of 5000 sqm pilot plant (EBIT ≈$90,000/p.a. Retractable roof production system payback 3 years) Confirmed water + commenced earth works + approved development application Earthworks at Arthur River Greenhouse Constructed in October, growing in December
BRANDING & DEMAND Registered trademark ‘4 Reasons, inspiring food’ + social media presence Proven demand – cucumbers, tomatoes, capsicum & edible flowers Align with premium chefs to build reputation and grow 4 Reasons brand Confirmed Australian and Singaporean supermarket chains demand for consistent supply of organic vegetables Demand-driven, low-risk food production system
UPDATE – PEOPLE Head grower (Damien Rigali) with 15 years experience in commercial vegetable growing in Wanneroo Operations manager (Kerry Dell’Agnostino) with 6 years experience in horticulture – supported by Commonland Biodiversity expert (Sanne Kruijt) - secondment from Commonland New staff members are funded by Commonland Damien Rigali (Head grower) conducting water testing Third-generation vegetable grower committed to regenerative practices
GREENHOUSE EXPANSION Identified two potential sites with secure water resources, supportive Shires and good social infrastructure Scale up to 5 ha in size (EBIT ≈1.2m p.a., payback 2 year) Located across climatic zones to allow production over 12 months Creating IP for organic growing systems Market potential in Asia to support 400ha of organic production systems ≈$100 m EBIT Asia-Pacific 29% annual growth in demand for organics
CORNERSTONE INVESTOR Introducing WOA to European, philanthropic family funds seeking equity/debt impact investments Seeking $30m in low-interest loans with 25 year terms to purchase Partner farmer at Arthur River land assets Provided no-interest loan ($150,000 in 2016) towards WOA development – with strong commitment for 2017 Twenty year commitment to Wide Open Agriculture
30-50 CENT ROUND (IPO) Fertilisers + water + land = secure production systems
PROVEN TEAM EXPERIENCED TEAM Ben Cole Stuart McAlpine Jim Mackintosh Anthony (Maz) Maslin Managing Director Non-executive Non-executive Chairman Director Director • PhD in • 35 years experience • Former Director of • Listed Solar Energy environmental in agriculture KPMG’s Deal Advisory Systems on ASX ($7 engineering Practice million raising) • Award-winning, • Project manager of • >10 years experience • >20 years stock innovative farmer $30 million in corporate finance broking experience • Founding Chair of development fund • Commonland Fund • MD of ASX-listed Regional • Founder of Repopulation Manager Buxton Resources profitable, social Advisory Committee enterprise Proven board accompanied with experienced & passionate management
THANK-YOU www.wideopenagriculture.com.au Ben Cole (Managing Director) m: +61 (0)415 387 270
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