Oliver Real Food : Monthly Activities/Appendix 4C Cash Flow Report

ABN 33 166 495 441

31 March 2022 ASX Announcement

PO Box 3678 TUGGERAH NSW

(02) 4353 8055

ASX - OLI

Monthly Appendix 4C - February 2022

Further to ASX's request, pursuant to listing rules 18.7 and 18.8, that Oliver's Real Food Limited ("OLI" or the "Company") lodge a monthly report in the form of an Appendix 4C under listing rule 4.7B, commencing with an Appendix 4C for February 2022, the Company provides Appendix 4C for the month ending February 2022.

The Company's material business activities for February 2022 included:

• • Company-store sales $1,743,590, down 25.74% on 2020 sales, and down 9.41%

  on February 2021.

• • State performance compared with 2020: NSW down 11.23%, VIC down 47.15%,

  QLD down 22.96%.

• • State performance compared with 2021: NSW down 10.50%, VIC down 2.69%,

  QLD down 33.93%.

• • Sales in March trending below pre-COVID19 levels and impacted by floods in South East QLD and Northern NSW.

• • Oliver's Food to Go total sales were $399,900 and no further EG service stations

  were added, meaning total service stations remain at 189.

This ASX release has been authorised by the Board of Directors.

---END---

For further information please contact:

Kimley Wood, Chairmankimley.wood@oliversrealfood.com.au + 61 (0) 401 117 997

About Oliver's Real Food Limited (ASX:OLI)

Oliver's Real Food Limited (Oliver's) listed on the ASX on 21 June 2017. Over its 15-year operating history, Oliver's has established a significant market position providing a healthy fast food alternative for travellers on Australia's major arterial highways. Oliver's Real Food is the world's first "certified organic fast food chain" and provides its customers with premium quality, "real" food that is fresh, natural, & free from additives and preservatives.

Oliver's is a conscious business that understands, and is committed to, the interdependency of "all stakeholders" including our, customers, investors, team members, suppliers, the environment, and the communities in which we operate.www.oliversrealfood.com.au

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Rule 4.7B

Appendix 4C

For personal use only

Monthly cash flow report for entities subject to Listing Rule 4.7B

Name of entity

OLIVERS REAL FOOD LIMITED

ABN

33 166 495 441

Month ended

FEBRUARY 2022

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

4.

Net increase / (decrease) in cash and cash equivalents for the period

4.1

Cash and cash equivalents at beginning of period

4.2

Net cash from / (used in) operating activities (item 1.9 above)

446 43

1,571 -880

ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

For personal use only

ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

• 7. Financing facilities

  Note: the term "facility' includes all forms of financing

  arrangements available to the entity.

  Add notes as necessary for an understanding of the

  sources of finance available to the entity.

  For personal use only

• 7.1 Loan facilities

• 7.2 Credit standby arrangements

• 7.3 Other (please specify)

• 7.4 Total financing facilities

  Total facility	Amount drawn at
  amounts at month	Month end
  end	$A'000
  $A'000

  6,500 - 301 6,801

  6,500 - 301 6,801

• 7.5 Unused financing facilities available at month end

  -

• 7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financing facilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.

  7.1 A $5.0m secured facility with Gelba and Michael and Suzanne Gregg at an interest rate of 5.25% pa calculated daily and payable quarterly in arrears maturing 30 September 2028. Repayment of $250k per quarter from 1 October 2023 with first repayment due 31 December 2023.

  A $1.5m unsecured revolving line of credit with Gelba Pty. Limited at an interest rate of 5.25% pa calculated daily and payable monthly in arrears maturing 30 September 2023

7.3 Secured loan $301k from Green Superannuation Fund assignment of the Safety Aviation Factor Pty Ltd loan, only repayable after 1st July 2021 and the consolidated entity has recorded a positive NPAT during the two calendar quarters prior to the quarter in which the payment is made; The interest rate being 6% calculated daily, payable monthly in arrears.

• 8. Estimated cash available for future operating activities

  $A'000

• 8.1 Net cash from / (used in) operating activities (item 1.9)

  43

• 8.2 Cash and cash equivalents at month end (item 4.6)

  365

• 8.3 Unused finance facilities available at quarter end (item 7.5)

  -

• 8.4 Total available funding (item 8.2 + item 8.3)

  365

• 8.5 Estimated Months of funding available (item 8.4 divided by item 8.1)

  N/A

  Note: if the entity has reported positive net operating cash flows in item 1.9, answer item 8.5 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.5.

• 8.6 If item 8.5 is less than 2 quarters, please provide answers to the following questions:

  8.6.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not?

  Answer:

  8.6.2 N/A Answer: N/A

  8.6.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?

  Answer: N/A

  Note: where item 8.5 is less than 2 quarters, all of questions 8.6.1, 8.6.2 and 8.6.3 above must be answered.

ASX Listing Rules Appendix 4C (17/07/20)

+ See chapter 19 of the ASX Listing Rules for defined terms.

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