Slide 1: Annual Report Presentation 2020
ASX Announcement | 31 August 2020 Seafarms Group Limited (ASX:SFG) (SFG Announcement No. 660) Seafarms Group Limited Year Ended 30 June 2020 Annual Report Presentation 2020 Enclosed is Seafarms Group’s Annual Report Presentation and Market Update for the financial year ended 30 June 2020. For furthe
Slide 2: About Seafarms Group
About Seafarms Group Seafarms Group Limited (ASX:SFG) is a sustainable aquaculture company, producing the premium Crystal Bay® Prawns and developing the Project Sea Dragon prawn aquaculture project in northern Australia. Seafarms Group uses environmentally sustainable culture processes and is curren
Slide 3: 2020 Full Year Result
2020 Full Year Result August 2020 The transformation of Seafarms from Australia’s largest prawn producer into a global low cost producer is underway Seafarms Group Limited (ASX:SFG) 1
Slide 4: Disclaimer
Disclaimer This presentation is provided for information purposes only. The information in this presentation is in a summary form, does not propose to be complete and is not intended to be relied upon as advice to investors or other persons. The information contained in this presentation was prepare
Slide 5: Contents
Contents Overview of Seafarms Group FY20 Overview Operations Overview PSD – Project Overview and Step 1 of Stage 1 Development Update 3
Slide 6: Overview of Seafarms Group
RL | “Seafarms Overview of Seafarms Group
Slide 7: Overview of Seafarms Group Queensland Operations Overview
Overview of Seafarms Group Queensland Operations Overview Seafarms has significant operational aquaculture expertise and a demonstrated track record of growth and innovation. The Queensland operations are primarily intended to demonstrate the fundamental operating concept for Project Sea Dragon (PSD
Slide 8: Project Sea Dragon (PSD) Development Underway
Project Sea Dragon (PSD) Development Underway PSD is a proposed large-scale and integrated, land-based prawn aquaculture project being developed in northern Australia. Development has commenced. PSD is a proposed large-scale and integrated, land-based prawn aquaculture project being developed in nor
Slide 9: PSD’s Strong Competitive Advantages
PSD’s Strong Competitive Advantages Seafarms and its research partners to develop the “most advance and industry transformative improvement program for any prawn/shrimp species globally”1. Other competitive advantages include: Low sovereign risk; Remoteness and a relative lack of development have pr
Slide 10: Seafarms Financial Overview FY20
Seafarms Financial Overview FY20 8
Slide 11: SFG Achieves Revenue of A$27.8M in FY20
SFG Achieves Revenue of A$27.8M in FY20 As previously stated the Queensland operations are primarily intended to demonstrate and trial operating concepts for PSD – a commercial pilot approximately 40% of the size of the initial PSD development and most importantly provide the platform to recruit a c
Slide 12: Seafarms Group Limited Corporate Overview
Seafarms Group Limited Corporate Overview ASX Listing Code SFG Market capitalisation (August 2020) Approx. $182M Fully Paid Shares on Issue 2.42B Cash, Debtors & Inventories (as at 30 June 2020) $19.5M Financial Year End 30 June Directors Shareholdings 42.4% (including Nissui) Current Directors Ian
Slide 13: Northern Queensland Operations
Northern Queensland Operations 11
Slide 14: Overview of Northern Queensland Operations
Overview of Northern Queensland Operations Queensland farms at Cardwell are a fully vertically integrated business and have been operational for over 30 years: Seafarms acquired Cardwell in early 2014, continued its banana prawn production and commenced production of its premium Black Tiger prawn pr
Slide 15: FY 2020 Production and Operational Overview and Improvements
FY 2020 Production and Operational Overview and Improvements Operational Overview Production for the financial year was 1,366 tonnes, down 404 tonnes on FY2019, primarily driven by reduced first half production outcomes as a result of lower growing temperatures and adjustments to the stocking schedu
Slide 16: Further independent recognition achieved
Further independent recognition achieved Seafarms was recognized by the Department of Agriculture as recipient of an Australian Biosecurity Award. This award recognised the Company’s significant and sustained investments in all aspects of biosecurity in its east coast operations. This has seen the C
Slide 17: Project Sea Dragon (PSD) Overview
Project Sea Dragon (PSD) Overview 15
Slide 18: PSD Achieves Key Milestones in FY20
PSD Achieves Key Milestones in FY20 PSD continued to progress despite COVID 19. Construction of the first step of the expansion of the Exmouth Founder Stock Centre has been completed: Seawater intake was improved and a series site adjustments made to improve biosecurity; Discharge water treatment up
Slide 19: Legune ILUA and Indigenous Employment
Legune ILUA and Indigenous Employment Developed a 12 month Indigenous employment action plan; Seafarms contractors are meeting or exceeding agreed Indigenous employment targets. Business Accepted as an Associate member of the Northern Territory Indigenous Business Network (NTIBN); Contracts awarded
Slide 20: Capex and Funding Status of PSD
Capex and Funding Status of PSD COVID-19 restrictions has caused delays in finalising the funding required to fund Step 1 of Stage 1 PSD development. Appointment of Sole Arranger now finalised. Up to A$150M in construction debt well advanced. Engagement with numerous international banks, particularl
Slide 21: PSD Development - Step 1 of Stage 1 Well Underway
PSD Development - Step 1 of Stage 1 Well Underway 19
Slide 22: PSD Domestication and Breeding – continued advancement
PSD Domestication and Breeding – continued advancement Exmouth Program started in 2016 Completed upgrade of infrastructure, constructed 3 sheds, fitted-out the first of these and transferred animals; This facility has now cultured the third generation (G3) of prawns as part of its SPF domestication
Slide 23: Investment in Market Development – both domestic and international
Investment in Market Development – both domestic and international Through its Queensland operations Seafarms continues to develop, trial and demonstrate concepts that if successful will be transferred to PSD, this also involves market development. Successfully launched a new 1kg frozen pack of Blac
Slide 24: Nissui/Crystal Bay Prawn® Export Packaging
Nissui/Crystal Bay Prawn® Export Packaging 22
Slide 25: Contact Us
Contact Us Seafarms Group Limited Level 11, 225 St Georges Terrace Perth WA 6000 PO Box 7312 Cloisters Square WA 6850 T. +61 8 9216 5200 E. info@seafarms.com.au