Icelandic Salmon As · OSL:ISLAX
Icelandic Salmon As — Q3 2024 Earnings Presentation
12 slides from Icelandic Salmon As's earnings presentation, 2024
Slide 1: Q3 2024 Summary Presentation
Q3 2024 SUMMARY PRESENTATION
Slide 2: This is Icelandic Salmon
THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Euronext Growth market in Oslo, and Harvesting plant Four smolt facilities, NASDAQ First North in Reykjavik. in Bíldudalur. Current capacity The company is the sole owner and of 7-8 million smolt, BRCGS* certified parent company of Arnarl
Slide 3: Q3 Summary
Q3 SUMMARY Biology stabilized, good foundation for future growth Quarterly harvest volume of 1,750 tonnes compared to Q3- 23 at 4,040 tonnes — Continued harvesting of autumn 2022 generation in Q2 — The Q3 harvest volume reflects optimalization of MAB affected by lice situation in 2023 — Improved res
Slide 4: License Status
LICENSE STATUS STRATEGIC UPDATE LICENSES • The license in Ísafjarðardjúp for 10,000 tonnes MAB of Arnarlax holds licenses of 23,700 tonnes MAB in the Icelandic sterile salmon was revoked in Q4 Westfjords (Arnarfjörður, Patreksfjörður, and Tálknafjörður) • We are working closely with authorities on t
Slide 5: Sales & Marketing Update
5 SALES & MARKETING UPDATE STRATEGIC UPDATE STRONG DEMAND FOR ICELANDIC SALMON • Good price achievements • Large fish compared to market • North American market was strong in Q3 compared to previous quarters this year (25%) 89% • Large sizes increased our sales to Asia (18%) • Contract share for Q3
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS SUSTAINABILITY – IT’S IN OUR NATURE 6
Slide 7: Group Balance
GROUP BALANCE FINANCIAL HIGHLIGHTS KEY ITEMS FOR THIRD QUARTER 2024 Overall performance — Buildup of biological assets during low harvest period FINANCIAL POSITION Equity ratio of 54% at end of September 2024 NIBD increased following buildup of biomass Credit facility in place to support growth amb
Slide 8: NIBD Q3 2024
NIBD Q3 2024 NET INTEREST-BEARING DEBT Increase of biological assets after low harvesting period. Investment to support growth up to 26 thousand mt. SUSTAINABILITY – IT’S IN OUR NATURE 8
Slide 9: Operational Update
OPERATIONAL UPDATE SUSTAINABILITY – IT’S IN OUR NATURE 9
Slide 10: Operational Update
OPERATIONAL UPDATE STATUS • Increased harvesting again after low volumes in Q2 • Expect significant higher volumes in Q4 • Stable biology in sea during Q3 • Building up biomass • Control of sea lice situation • Improved performance on the smolts output • Use of two new vaccines to reduce risk (ISA a
Slide 11: Outlook
OUTLOOK Building a base for sustainable production of 26,000 tonnes in steady state • Long-term growth potential up to 26,000 tonnes on existing licenses within current regulatory framework • Robust corporate culture and committed staff • Enhancing our value chain to address encountered challenges •
Slide 12: Q&A Session Starting Soon
Q&A SESSION STARTING SOON SUSTAINABILITY – IT’S IN OUR NATURE 12