Slide 1: ASX announcement cover letter: 2015 Annual Report Presentation
Our Ref: CGL ASX X Announce 2015 Annual A Report Pressentation (452) 30 Novemb ber 2015 For personal use only ANNOUNCCEMENT 452 2 Company A Announcements Office Australian SSecurities Exchange E Level 4 By ASX On line 20 Bridge SStreet Number off pages: 24 SYDNEY NSSW 2000 (including tthis page) Dea
Slide 2: Annual Report Presentation November 2015
For personal use only Annual Report Presentation November 2015 Transformation of Australia’s largest aquaculture prawn producer into a global player Seafarms Group Limited 1
Slide 3: Disclaimer
Disclaimer For personal use only This market update has been prepared by Seafarms Group Limited 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 pr
Slide 4: Commentary
Seafarms Group Limited Commentary For personal use only Shareholders should be under no illusion that their Company is fully committed to the development of Project Sea Dragon (PSD). The next 12 months will be a defining period focused upon substantially increasing shareholder value The Cardwell ope
Slide 5: Corporate Overview
Seafarms Group Limited Corporate Overview For personal use only ASX Listing Code SFG Market Capitalisation $58M (at 27 November 2015) Shares on Issue 886M Convertible Preference Shares 30M Cash, Debtors & Inventories $26.6M (at 30 September 2015) Current Debt (at 30 September 2015) $3.4M Long Term D
Slide 6: Group Financial Update
Group Financial Update For personal use only 30 September 2015 30 September 2014 $ $ Revenue 27.2M 23.7M Full Year Result (16.3M) (8.0M) Current Assets 29.0M 16.7M Non‐Current Assets 29.6M 35.2M Current Liabilities 9.8M 7.2M Non‐Current Liabilities 9.8M 5.0M Net Assets 38.9M 39.6M Cash 12.0M 3.5M De
Slide 7: Comments regarding FY15 Result
Comments regarding FY15 Result For personal use only Key factors in the loss of $16.3 million were: the decision taken by the Board in order to comply with the relevant accounting standards to: Write off all expenses related to Project Sea Dragon (PSD) for the current year and prior year costs capit
Slide 8: Comments regarding FY15 Result (continued)
Comments regarding FY15 Result (continued) For personal use only Cardwell International staff recruited for PSD and are now settled into their roles; Range expansion of our Crystal Bay retail offer is being well received by consumers; Consumer demand for Crystal Bay Banana prawns has driven a strate
Slide 9: Comments regarding FY15 Result (continued)
Comments regarding FY15 Result (continued) For personal use only Project Sea Dragon The company is targeting to be investment ready by the end of calendar 2016 with the completion of its Bankable Feasibility Study (BFS) and securing the necessary approvals and licenses to operate; As a result of the
Slide 10: Corporate Overview
Seafarms Group Limited Corporate Overview For personal use only Successfully raised $16 million via private placement and entitlement offer to existing shareholders Mandated leading investment bank Pareto Securities – who will assist in securing development funding/partnering for Stage 1 of Project
Slide 11: Unique Attributes
Project Sea Dragon Unique Attributes For personal use only 10,000 hectare aggregation – staged Completed Concept (April 2013) and development Pre‐Feasibility Studies (June 2013) Integrated production First World platform Genetics, brood stock Biosecurity Hatchery Provenance Grow‐out Food safety Proc
Slide 12: Milestones
Project Sea Dragon Milestones For personal use only November 2015 July 2015 Invited to present at the federal Granted major project status by both the governments Northern Australia Commonwealth and Northern Territory Investment Forum Governments Forum held in conjunction with the Project Facilitati
Slide 13: FY15 Progress
Project Sea Dragon – FY15 Progress For personal use only Major progress in 7 months February to September Design and feasibility Bankable feasibility study commenced April 2015 Identified preferred Darwin sites for: Core Breeding Centre and Brood stock Maturation Centre Commercial Hatchery Engineeri
Slide 14: FY15 Progress (Continued)
Project Sea Dragon – FY15 Progress (Continued) For personal use only Environmental Approvals Legune Notice of intent for Stage 1 of 1,080 hectares lodged with Northern Territory Government Terms of reference received Environmental studies commenced Scoping of requirements for breeding centre sites c
Slide 15: Outlook
Project Sea Dragon ‐ Outlook For personal use only Still targeting major approvals complete end of Calendar 2016 Government Expect to complete a Project Development Agreement with the Northern Territory Government Agreement to map pathways to 10,000 ha project Use adaptive management approach Indige
Slide 16: For personal use only
For personal use only Seafarms Group FY15 Annual Report Presentation 15
Slide 17: Current Operations Overview
Current Operations Overview For personal use only North Queensland Cardwell and Ingham 3 growout farms – 160 hectares Operational since 1988 Western Australia Exmouth Quarantine Founder Centre Seafarms Group FY15 Annual Report Presentation 16
Slide 18: Current Operations Overview
Current Operations Overview For personal use only Hatcheries Flying Fish Point Capacity of 27 million Post – Larvae (PL) per run (up 68%) Domestication program running R & D Project with Australian Research Council for Advanced Prawn Breeding continuing Exmouth Biosecure breeding facility Farms Card
Slide 19: Current Operations Overview (Continued)
Current Operations Overview (Continued) For personal use only Consolidation of the company’s investment in its Queensland operations. Operational performance affected by a number of unbudgeted operational issues and the use of the existing facilities for both training and trialling a number of resea
Slide 20: Current Operations Overview (Continued)
Current Operations Overview (Continued) For personal use only Training, research and development trails have added significant costs to the company’s Queensland operations. Activities included: Early recruitment of technical expertise and the initiation of a Graduate Employment Program Trials of dif
Slide 21: Research and Development
Research and Development For personal use only Australian Research Council Industry Transformative Hub for Advanced Prawn Breeding launched mid‐year Major consortium with James Cook University, CSIRO, University of Sydney, Australian Genomic Research Facility Directly geared accelerating breeding ou
Slide 22: CO2 Australia Overview & Outlook
CO2 Australia Overview & Outlook For personal use only Restructuring of business completed in the first quarter. Successfully diversified its service capabilities within the environmental service sector Successful bidder in the Federal Government’s Emission Reduction Fund Auction. Secures a series o
Slide 23: Corporate
Corporate For personal use only Raised $16 million from institutional and existing shareholders Funded through to completion of Bankable Feasibility Study Mandated Pareto Securities to procure funding for Stage 1 of PSD Seeking shareholder approval to change full year reporting period back to 30 Jun
Slide 24: Contact Us
For personal use only Contact Us Seafarms Group Limited Level 11, 225 St Georges Terrace Perth WA 6000 PO Box 7312 Cloisters Square WA 6850 T. +61 8 9321 4111 F. +61 8 9321 4411 E. info@seafarms.com.au Seafarms Group FY15 Annual Report Presentation 23