OMG GROUP LIMITED — Interim / Quarterly Report 2021

Jul 29, 2021

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July 30, 2021

Q4 FY21 Investor Update

www.forbiddenfoods.com.au

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Our Business Proposition Create healthy and nutritious products that engage, delight and inspire health-conscious consumers Premium Australian food producer focused on global super-trends of health, baby and plant-based diets 100% Australian ingredients used to make healthy and nutritious food for young families Local and Sustainable paddock to pouch philosophy Strong focus on product and brand innovation to ensure we evolve with our millennial and young family demographic Focus on E-commerce and modern retail methods to ensure premium margins for our premium products Targeting growth into Asian baby food and early childhood markets

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Our Brands

Forbidden Foods offers two key brands with broad appeal in fast growing global segments

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Infant & Toddler Health & Nutrition

FUNCH products help children love, enjoy and discover food, and empower parents to feel satisfied! Range includes Australian Made Baby Puree & Cereals and Family Snacking range of mixes. www.FUNCH.com.au

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Plant-Based Health Foods

Sensory Mill provides the very best of plant-based foods – from exotic, weird and wonderful ingredients through to mixes and healthy beverages. www.SensoryMill.com.au

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Quarterly Highlights on Record revenue $1.21m Major export agreements $6.37m executed On Reduction in cash burn 58.1% Digital channel 11.2% revenue CBEC penetration 62.2%

Largest ever quarterly revenue result on the back of explosive growth in export markets, with record monthly revenue in June of $524k

Of total targeted sales in two distribution agreements across China and Vietnam signed during the quarter.

On the back of record receipts from customers, cash used in operating activities was $541k in Q4 FY21, an improvement of 58.1% from Q3 FY21.

Sales via digital channels during quarter represented 11.2% of group revenue. This includes our owned e-commerce stores and CBEC stores and partners.

The FUNCH® range of baby foods will now be accessible on four e- commerce platforms which capture 62.2% of the cross-border e- commerce sales in China

Revenue By Quarter

Record Revenue

Consecutive quarter-on-quarter revenue growth, with revenue up 37.2% on pcp to $1.21 million on the back of rapid growth in export markets.

Forbidden Foods continues to focus on strengthening the business by growing the accessibility to our brands both instore and online, along with expanding our product ranges through existing sales channels.

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1,400,000
1,200,000
1,000,000
800,000
600,000
400,000
200,000
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Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
Retail & E-commerce Foodservice
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Revenue By Channel

Retail & E-commerce Forbidden Foods continues substantial quarter-on-quarter growth in Q4 FY21.

Positive momentum continued with our e-commerce strategy, with high margin revenue from e-commerce representing 11.2% of group revenue in Q4 FY21.

Retail & E-commerce revenue

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$800K
+46% $700K
$600K
$500K
+25%
+11% $400K
$300K
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$100K
$0K
Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
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Revenue By Channel

Foodservice The market in Australia and New Zealand continues to require a proactive and responsive approach to managing the COVID-19 pandemic.

Forbidden Foods continues to service the foodservice channel and is confident revenue growth will return as the frequency of COVID-19 lockdowns ease and more people begin to return to work.

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Foodservice revenue
$800K
+15% $700K
$600K
-13%
$500K
-8%
$400K
$300K
$200K
$100K
$0K
Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21
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01

Enter China & South-East Asia

Our Key Strategies For FY21

02 Build a world-class E-commerce offering

03

Deliver innovation that is going to excite

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China & South-East Asia Entry Strategy

Forbidden Foods has a clear strategy to successfully roll out its FUNCH brand in China & SouthEast Asia. The company has staged its market penetration strategy to ensure a smooth entry into the market while retaining its brand and product quality which assists in maintaining sustainable margins for the company.

LAUNCHED & ONGOING LAUNCHED & ONGOING LAUNCHED & ONGOING Stage 1 Stage 2 Stage 3 Brand Credibility Product & Price Launch B2C Offering Credibility in Asia FUNCH went through a brand refresh in 2020, Secured local ranging FUNCH launched a establishing a reputable into 1000+ stores, flagship T-mall Global online profile with an including Australian store in China and emphasis on Australian supermarkets, pharmacy secured distribution on ingredients. stores and baby stores. JD.com, Kaola.com via Winhealth.

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LAUNCHED & ONGOING Stage 4 Establish B2B channels & partners Signed exclusive distributor deals in Vietnam, Philippines and China with ongoing discussions with additional distributors within Asia.

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Highlight
STAGE 4
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Vietnam

Distribution Agreement

In June, Forbidden Foods announced an exclusive agreement with AusCom International to distribute its FUNCH® brand in Vietnam, targeting minimum sales of $3.15 million over an initial three-year term.

AusCom International has a proven track record distributing leading brands in Vietnam, including Blackmores, Fonterra and a2 Milk Company.

The Vietnamese baby foods market is worth an estimated USD$3.7 billion per annum and is expected to grow annually by 9.04% (CAGR 2021-2025)¹ Forbidden Foods has already fulfilled two purchase orders for AusCom.

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Local Marketing Activity in Vietnam

• Local website launched: www.funch.com.vn

• Facebook page launched: www.facebook.com/FunchVietnam

• 9926 Likes & 10408 follows

• Shopee Store Launched: www.shopee.vn/funchvietnam

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1. https://www.statista.com/outlook/cmo/food/baby-food/Vietnam

Highlight STAGE 4

CBEC Asia Expansion

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Forbidden Foods Ltd announced post quarter end it has entered into an exclusive distribution agreement with Hangzhou and Hong Kong based Winhealth Pharma to distribute its infant & toddler, health and nutrition brand FUNCH® on Kaola and JD.com.

Winhealth has placed its first purchase order for over $90,000 of FUNCH® products which will be shipped to China, confirming the growing consumer demand for nutritious and natural baby food in the region.

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The FUNCH® range of baby foods will now be accessible on T-mall Global, Kaola, JD Global and Little Red Book. These four e-commerce platforms capture 62.2% of the cross-border e-commerce sales in China.¹ The targeted sales over the term of this twoyear agreement are $1.055 million in year one and $2.16 million in year two. The targeted sales must be met or exceeded to maintain exclusivity in these channels.

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1. “Cross-Border E-commerce Platforms Market Share" Source: iiMedia Research by ecommercetochina.com

E-Commerce Strategy

Forbidden Foods values the importance of owning the relationship with its customer so it can offer a richer brand experience to increase loyalty and stickiness.

LAUNCHED & ONGOING LAUNCHED & ONGOING LAUNCHED & ONGOING Stage 1 Stage 2 Stage 3 Enhancing Fulfillment Social Credibility New Websites Capabilities FUNCH recently signed FUNCH & Sensory Mill New internal processes Jimmy & Tori Rees as 2021 have launched new now capable of serving brand ambassadors. They websites focused on high-volume order currently have 500,000+ customer experience, fulfillment and followers on Instagram & conversion optimisation customer queries. Tiktok. and technical infrastructure for stage 4.

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LAUNCHED & ONGOING Stage 4 First International Market FUNCH has heavily expanded its E-Commerce reach, now on Chinese platforms such as Tmall, JD.com, Kaola.com & South East Asia’s Shopee.com

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Innovation That Will Excite Strategy

Forbidden Foods is serious about quality and passionate about innovation. We consume the products we make and will continue to expand the range aiming to lead the category in premium innovations and premium margins.

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LAUNCHED & ONGOING LAUNCHED & ONGOING LAUNCHED & ONGOING IN PROGRESS Stage 1 Stage 2 Stage 3 Stage 4 Product Pipeline Increase Transparency Expanding Baby Foods Expand Plant-Based Offering Building a robust Aim to showcase the With a new website & pipeline of new SKU's Australian farms that distribution partners, Sensory Mill will utilise its that fits within the provide the raw materials FUNCH will follow up deep experience in plantbrands vision, while that go into our products with additional products based ingredients to providing premium and provide transparency that provide a leading release innovative plantmargins to the to the consumer for each edge over its based alternative meats. business. step in the supply chain. competitors.

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Highlight STAGE 3 New Product Release Edible Baby Oils

FUNCH® has continued its focus on expanding its nutritious Australian infant & toddler, health and nutrition range of products with the successful development and launch of a new range of 100% Australian edible oils enhanced with DHA Omega-3 to enter the emerging baby food seasoning category.

These edible oil seasonings fortify infant and toddler meals with the essential nutrients needed during the crucial stages of early cognitive development. The products have been developed in conjunction with market research from Alibaba’s Tmall Global store and consumer demand reports, reflecting the benefits of direct customer engagement via e-commerce channels. The reception has been highly positive with order demand outstripping initial supply which is encouraging. Globally, the plant-based edible oil market is estimated to be worth over US$96bn annually and is expected to grow at a CAGR of 3.5% as more consumers incorporate edible oils into their daily diet.¹

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@petite_life.of.us
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1. The"Global Edible Oil Market - Forecasts from 2020 to 2025" by ResearchAndMarkets.com

Highlight STAGE 4

Upcoming Release Plant-based Meats

Forbidden Foods is currently in the final stages of developing a unique market first, health orientated plant-based meat range of products, targeted for release in Q2 FY22.

This range has been diligently formulated to cater for a variety of modern diets expected from millennial consumers such as nutrient density, low sugar, low salt, and non-allergen requirements.

The aims to distribute this its sales company straightaway through existing channels and for immediate export.

Accompanying the release of these products is an exciting brand refresh of Sensory Mill to ensure it continually evolves to establish itself as one of the key next generation plant-based and healthy meat alterative brands in the international market.

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Disclaimer This presentation dated 30 July 2021 provides additional comment on the Quarterly Report for the 3 months ended 30 June 2021 of Forbidden Foods Limited (the “Company” or “Forbidden Foods”) and accompanying information released to the market on the same date. As such, it should be read in conjunction with the explanations and views in those documents.

This presentation is provided for general information purposes only. The information contained in this presentation is not intended to be relied upon as advice to investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Investors should assess their own individual financial circumstances and consider talking to a financial adviser or consultant before making any investment decision.

This presentation is not a prospectus, investment statement or disclosure document, or an offer of shares for subscription, or sale, in any jurisdiction.

Certain statements in this presentation constitute forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements.

While all reasonable care has been taken in relation to the preparation of this presentation, none of the Company, its subsidiaries, or their respective directors, officers, employees, contractors or agents accepts responsibility for any loss or damage resulting from the use of or reliance on this presentation by any person.

Past performance is not indicative of future performance and no guarantee of future returns is implied or given. Some of the information in this presentation is based on unaudited financial data which may be subject to change.

All values are expressed in Australian currency unless otherwise stated.

All intellectual property, proprietary and other rights and interests in this presentation are owned by the Company

This presentation has been approved for release by the Board of Forbidden Foods

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Thank You

www.forbiddenfoods.com.au

Craig Sainsbury Investor & Media Enquiries craig.sainsbury@marketeye.com.au

Marcus Brown Chief Executive Officer marcus.brown@forbiddenfoods.com.au

Melbourne

16/663 Victoria St, Abbotsford VIC 3067

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