WINGARA AG LTD — AGM Information 2020

Aug 18, 2020

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2020 Annual General Meeting 19 August 2020

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Our Board of Directors

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Gavin Xing CEO & Executive Chairman (Managing Director & CEOelect from 1 January 2020)

Jeral D’Souza Independent Non-executive Director

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David Christie Independent Non-executive Director (Non-Executive Chair-elect from 1 January 2020)

Zane Banson CFO & Executive Director

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Four years of growth with financial discipline

• FY20 financial performance reflected successful execution of our focused growth strategy and resilient business model

• Revenue exceeded $35 million for the first time, growing at 42% CAGR

• Considering a turbulent macro-economic environment due to bushfires, drought and COVID-19, revenue still increased by 20% from FY19

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Total Revenue
35.1
29.1
10.8
8.7
FY 2017 FY 2018 FY 2019 FY 2020
A$m
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7.5
EBITDA
4.2
4.7
3.3
1.1
0.6
FY 2017 FY 2018 FY 2019 FY 2020
Includes one-off $4.24m gain on sale of Austco property.
A$m
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• Underlying EBIDTA (include net capital gain) grew 45% to $7.5 million, growing at 88% CAGR

• Operating cashflow has increased 7x to over $1.5m

Focus has been on successfully integrating new assets and firming cash position to underpin Wingara’s next growth phase

Shareholders’ Funds

EBITDA Margin

27.48% compound NTA growth rate over four years

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27.48% compound NTA growth rate over four years
16.4
15.1
21.5%
12.1
16.3%
10.1% 6.3
7.0%
FY 2017 FY 2018 FY 2019 FY 2020
FY 2017 FY 2018 FY 2019 FY 2020
A$m
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FY 2017 includes 9 months of trading from 30 June 2016 to 31 March 2017.

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A diversified agricultural products platform

• Business Model:Fodder export, tolling revenue with cost + approach • Assets:110,000 MT throughput capacity from 15,000 MT 3 years ago • Markets:China, Taiwan, Japan and Korea (Key clients include Yili, MengNiu, Bright Holstein, Zenoh, Kanematsu) • Business Model:Red protein export service, tolling revenue with cost+approach • Assets:Blast freezing throughput of 45,000 per week cartons and storage of 10,000 standard size pallets • Markets:Export accredited to key destinations including China, Japan, Korea, EU, USA, Middle East (including Halal certification) • WNR has built a sustainable supply chain platform for processing and marketing agricultural products, based on multi-product and multi-region approach. More products can be added at the appropriate time. • WNR strive to connect primary producers to the export markets, and provides customers with in-demand, quality-assured Australian products.

Revenue FY20: $21.7m FY19: $16.8m Revenue FY20: $13.3m FY19: $12.4m

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Driving growth amid COVID-19

• Wingara AG and related businesses have the privilege of being considered essential services

• No Government support related to COVID-19 has been received, such as JobKeeper

• Proactive risk management procedures have been implemented to keep our people safe and minimise disruption since late Feb 2020

• Q1 FY21 continued the momentum from Q4 FY 20 with customer receipts up 31.3% to $10.02m (Q1 FY20: $7.63m)

• Growing cash receipts used for debt reduction and investment in restocking inventory to maintain revenue growth

• Disciplined investment approach from management delivered a solid infrastructure platform in protein supply chain

• A balanced AUD and USD cashflow profile to mitigate earning impact

• Business interruptions were caused through the slowdown at ports, reduction in scheduled services by shipping lines and impact to our export clients at Austco Polar

• Connectivity with offshore clients are strong despite travel restrictions

• Substantial output capacity at JC Tanloden to be capitalised to drive further revenue increase based on offshore demand

• Austco Polar’s asset base is ready be tapped into for the global protein trading platform

Overall business is benefitting from management’s commitment to develop a diversified customer base amid the current COVID-19 pandemic. Trading activities are largely expected to continue as normal, absent any unanticipated external shocks.

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Oversubscribed raising facilitates immediate growth opportunities

Several new institutional shareholders joined Wingara’s share register

• Single tranche placement of 26,513,833 new ordinary shares at A$0.19 per share, raised approx. $5.037m before costs

• WNR utilised its placement capacity under ASX Listing Rule 7.1 & 7.1A

• Directors of Wingara have committed to subscribe for an additional $100,000 subject to shareholder approval

• Market Eye acted as corporate advisor, and Blue Ocean Equities Pty Limited acted as Lead Manager

Underpinning WNR’s next growth phase

• Funds raised will be used to facilitate immediate growth opportunities for fodder export within JC Tanloden:

• New infrastructure to add 10,000MT of additional storage capacity: approx. $1.0m

• Purchase of additional hay inventory to deliver up to 25,000MT more output in 2021: approx. $3.7m

• Costs of the offer and working capital: approx. $0.3m

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Disclaimer

This presentation has been prepared by Wingara AG Limited for professional investors. The information contained in this presentation is for information purposes only and does not constitute an offer to issue, or arrange to issue, securities or other financial products. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular need of any particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in the presentation. To the maximum extent permitted by law, none of Wingara AG Limited, its directors, employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

Before making an investment decision, you should consider, with or without the assistance of a financial adviser, whether an investment is appropriate in light of your particular investment needs, objectives and financial circumstances. Past performance is no guarantee of future performance.

The distribution of this document is jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and observe such restrictions.

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We connect primary producers to the global market efficiently through our protein supply chain. wingaraag.com.au

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