Icelandic Salmon As · OSL:ISLAX

Icelandic Salmon As — Q2 2023 Earnings Presentation

12 slides from Icelandic Salmon As's earnings presentation, 2023

  1. Slide 1: Q2 2023 Summary Presentation

    Q2 2023 SUMMARY PRESENTATION

  2. Slide 2: This is Icelandic Salmon

    THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Harvesting plant Euronext Growth market in Oslo. Four smolt facilities, in Bíldudalur. The company is the sole owner and Current capacity parent company of Arnarlax ehf. of 7-8 million smolt, BRCGS* certified depending on size 30,000 tonn

  3. Slide 3: A quarter focused on building biomass in sea

    A QUARTER FOCUSED ON BUILDING BIOMASS IN SEA Q2 SUMMARY Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.) 4.57 6.6  Quarterly harvest volume of 88 tonnes compared to 6.0 Q2-22 at 2,957 tonnes. 2.79 3.8 — Finalized the harvest of spring 2021 generation. 3.0 Will continue on autumn 2021 generat

  4. Slide 4: License status for sea-water

    LICENSE STATUS FOR SEA-WATER STRATEGIC UPDATE APPLICATIONS 10.000 tonnes MAB in Ísafjörður 4.500 tonnes MAB in Arnarfjörður 2 new sites in Arnarfjörður The exact timeline is still undetermined. MINISTRY OF FOOD, AGRICULTURE AND FISHERIES STRATEGY AND LAWS Arnarlax now holds licenses of 23,700 tonnes

  5. Slide 5: Finalizing smolt strategy

    FINALIZING SMOLT STRATEGY STRATEGIC UPDATE FINALIZING INVESTMENTS IN SMOLT STRATEGY Investments to optimize production and finalize capacity increase, up to 7-8 mill smolts. See increase in number of 30% from 2022 to 2023. See increase in average weight of 35% from 2022 to 2023. Historically high su

  6. Slide 6: Strategic important capex investments

    STRATEGIC IMPORTANT CAPEX INVESTMENTS STRATEGIC UPDATE MORE 200-M CAGES Experience so far with 200-m cages are good on 2022 generation in Hringsdalur. Implement now 200-m cages on another site, Steinanes. Provides good biological results and effective operations. 2 NEW 900 TONNES FEEDBARGES DELIVERE

  7. Slide 7: Group balance

    GROUP BALANCE FINANCIAL HIGHLIGHTS Assets NIBD w/leasing (EUR million) (EUR million) KEY ITEMS FOR SECOND QUARTER 2023 230 228  PPE increase by EUR 5.5 million, 42 44 99 92 6 — driven by investments in SeaWater equipments and smolt facilities. 6  Increase in Biological assets by EUR 19.9 million.

  8. Slide 8: NIBD H1 2023

    NIBD H1 2023 NET INTEREST-BEARING DEBT  Net interest bearing debts incl. leasing decreased in first half 2023 by EUR 18.8 million.  Positive change in working capital EUR 16.7 million. — High account receivable balance at end of 2022 and good operational performance in first quarter 2023.  Net in

  9. Slide 9: Re-financing updates

    RE-FINANCING UPDATES STRONG SUPPORT FOR SUSTAINABLE GROWTH NEW SUSTAINABLE LINKED FINANCIAL AGREEMENT  Commitment letter signed with DNB and Danske bank. — Term loan and revolving facilities.  Arion bank. — Overdraft facility. — Role of Security agent.  Total EUR 100 million expected to be in pla

  10. Slide 10: First North - dual listing

    FIRST NORTH - DUAL LISTING STRATEGIC STEPS DUAL LISTING ON FIRST NORHT  Group has engaged in advisory service agreement with Arion Bank, with the objective of preparing for listing of the Group’s shares on the First North stock exchange in Iceland. — Depository notes . — No new shares issued.  Exp

  11. Slide 11: Outlook

    OUTLOOK STRATEGIC STEPS  See a good demand for Sustainable Icelandic Salmon  Expect a contract share in 2023 of 10%  Guidance for harvest volume in 2023 is 16.000 tonnes  Still see a potential for growth within existing licenses SUSTAINABILITY – IT’S IN OUR NATURE 11

  12. Slide 12: Strandgata 1 465 Bíldudalur Iceland

    Strandgata 1 Iceland arnarlax.is 465 Bíldudalur (354) 456 0100 arnarlax@arnarlax.is

Icelandic Salmon AS — Q2 2023 Earnings Presentation on 6ix