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Wingara AG Limited

ACN 009 087 469

5-7 Leslie Road

Laverton North, VIC 3026

ASX Announcement

27 May 2022

Release of FY22 full year results

Wingara AG Limited (ASX: WNR), the owner and operator of value-add,mid-stream assets specialising in the processing, storage and marketing of agriculture produce for export markets, is pleased to provide its full year financial results alongside its Appendix 4E (Preliminary Final Report) for the year ended 31 March 2022.

A webinar briefing for investors will be held in June. Further details will be provided in due course.

This announcement has been approved for release by the Board of Directors of Wingara AG Limited.

For further information contact:

James Whiteside

Chief Executive Officer

Ph: +61 (0) 408 520 008

About Wingara AG Limited:

Wingara AG Limited aims to be the leader in the sale of agricultural products to the domestic and international markets, particularly focusing on the export of hay products to Asia. By adhering to the highest standards of production we ensure a reliable source of hay to our clients, enabling them to meet their business demands confident in the quality of our product.

We are also dedicated to supporting local producers and our commitment to providing an equitable relationship with Australian farmers allows us to source the best product available. Wingara is committed to ensuring we uphold the highest standards of integrity throughout the organisation, ensuring that we create an environment in which individuals continue to strive to meet our goals.

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Disclaimer

This presentation has been prepared by Wingara 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.

onlywithout 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,

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, its directors, employees or agents, nor any other person accepts any liability, including,

likelihood of achievement or reasonableness of any forecasts, prospects or returns contained in this presentation nor is any obligation assumed to update such information. useSuch forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies.

Forward looking statements relating to projections and estimates involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to differ materially from any future results, performance or achievements, expressed or implied by these forward-looking statements. Relevant factors may include, but are not limited to, commodity prices and market conditions, effects of the coronavirus pandemic, technical failures and delays, foreign exchange fluctuations and general economic conditions, increased costs, the risk and uncertainties associated with agriculture and the natural environment,

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po itical and social risks, changes to the regulatory framework within which the Company operates or may in the future operate, environmental conditions including unusual or extreme weather conditions, retention of personnel, industrial relations issues and litigation.

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 in jurisdictions outside Australia may be restricted by law. Any recipient of this document outside Australia must seek advice on and ob erve such restrictions.

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Company update

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FY22 - Solid growth in a challenging environment

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Revenue growth from continuing operations up 43% primarily driven by year-on-year increase in hay sales volumes (up from 63.9k tonnes to 96.6k tonnes) driven by improvements in plant uptime.

EBITDA from continuing operations up 74% due to increased sales volumes and improvements in plant uptime and reliability.

Business operations impacted by the Omicron variant of COVID-19 from December 2021:

  • Hay production adversely impacted by multiple cancellations of shifts
  • Further supply chain disruptions both upstream and downstream
  • Significant reduction in blast volumes due to interruptions to red meat supply chains.

Performance in the second half of Q4 recovered as operations resumed at a more consistent cadence however the impact of COVID-19 on the business remains a significant risk.

Strong demand in all markets remains supporting increased sales volumes and requiring focus and investment in plant reliability and uptime.

Loss from operations held for sale (Austco Polar) before significant items, improved from prior year from $1.8m in FY21 to $1.4m in FY22.

Continued focus on safety performance and management in pursuit of Zero Harm.

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Wingara AG Ltd. published this content on 27 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 May 2022 08:06:26 UTC.