Murray Cod Australia Limited · ASX:MCA
Murray Cod Australia — Shareholder Meeting (2023)
18 slides from Murray Cod Australia's shareholder meeting presentation, 2023
Slide 1: 2023 Annual General Meeting
MURRAY COD AUSTRALIA LIMITED 2023 Annual General Meeting Life tastes better our way ASX code: MCA 2019 Winner of Excellence in Sustainability & Excellence in Innovation
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Murray Cod Australia Limited (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentatio
Slide 3: What We Believe In
WHAT WE BELIEVE IN aquna.com 3 All figures included in this presentation are unaudited in respect of the year ended 2023
Slide 4: Murray Cod Australia 2023 at a Glance
MURRAY COD AUSTRALIA 2023 AT A GLANCE • Creation of Australian Sustainable Protein Fund (ASPF) • $20m financing facility to fund growth • Successful launch of “Aquna Gold” Murray Cod Caviar • Upgrades to hatcheries resulting in best spawning season in MCA’s history • Re-commenced export sales to hig
Slide 5: Australian Sustainable Protein Fund (ASPF)
AUSTRALIAN SUSTAINABLE PROTEIN FUND (ASPF) • The fund aims to purchase assets for aquaculture and protein production • ASPF units will Initially be 100% owned by MCA • ASPF will be made available to wholesale investors seeking a return from alternative assets non-correlated to traditional assets • M
Slide 6: $20 Million Funding Mandate
$20 MILLION FUNDING MANDATE MCA has mandated iPartners to arrange a $20m finance facility. Development at Whitton Site Feb 2023 Funds are to be used for: • Development and completion of grow out ponds at Stanbridge site • Working capital to fund growth aquna.com 6
Slide 7: 2024 Revenue Growth Drivers
2024 REVENUE GROWTH DRIVERS • Demand is strong and growing • High margin export markets • Price increases • Fish in water nearing saleable size • Development of Stanbridge grow-out ponds progressing as planned 7 aquna.com
Slide 8: Successful Launch of 'Aquna Gold' Caviar
SUCCESSFUL LAUNCH OF ‘AQUNA GOLD’ CAVIAR Aquna Gold reflects MCA's four pillars of quality, innovation, integrity and sustainability by: • developing products with the aim utilising the whole-fish • providing a truly unique luxury product. Aquna Gold Murray Cod Caviar is listed on menus at several h
Slide 9: Aquna Gold Caviar
AQUNA GOLD CAVIAR The availability of source is limited – • Adult female Murray cod, weighing 4kg+ • Egg formation occurs during spawning period, a timeframe of approx. 2-months • We are currently holding back female fish that will be harvested in September-October 2024 and 2025 Estimated return – •
Slide 10: Market Development
MARKET DEVELOPMENT • Commenced exports to Singapore & Hong Kong • High margin markets – $32 for larger grades • Potential for further price increases • Volume is limited due to supply imbalances • Continued the development of distribution networks targeting Michelin star restaurants throughout Asia,
Slide 11: Domestically
DOMESTICALLY • Restaurants continue to be on allocation. We anticipate volume increase of larger grade fish in 2nd half 2024 financial year. • In the past 12 months, MCA has experienced a significant shortfall of supply of larger grades due to the decision to stock lower fingerling numbers during CO
Slide 12: Sales Achievements
SALES ACHIEVEMENTS During COVID19 when the bulk of our sales market was abruptly closed, we took the opportunity to: • Enter the live fish market in March 2020 Reward for risk - largest supplier of live murray cod to the domestic market - Achieving price point from $27 per kilo to $30 kilo - Fish si
Slide 13: Price Growth
PRICE GROWTH Live Fish Prices Processed Fish Prices +50% 28 24 27 24 Live Fish Price Avg. MCA Price 26 23 25 22 22 24 21 21 21 Avg. Market price 22 20 19 22 19 19 18 20 18 18 17 18 18 MCA entered the live fish 17 16 market in March 2020 16 15 16 14 2016/17 2018/19 2017/18 2019/20 2020/21 2021/22 202
Slide 14: Hatchery Upgrades Lead to Highest Spawning Season for MCA
HATCHERY UPGRADES LEAD TO HIGHEST SPAWNING SEASON FOR MCA During the first quarter of the 2024 financial year, capital was invested into the existing hatcheries at Silverwater and Euberta for further upgrades. The 2023 Spawning season has recorded its highest number of larvae since the establishment
Slide 15: Improving Aquna Cod Through Research & Development
IMPROVING AQUNA COD THROUGH RESEARCH & DEVELOPMENT Selective Breeding Program with CSIRO • Completed 2nd year of progeny genetic testing with CSIRO • DNA assessed brood stock implanted with markers • DNA assessment of brood stock dramatically reduces the time required to identify fish that exhibit t
Slide 16: Improving Aquna Cod Through Research & Development
IMPROVING AQUNA COD THROUGH RESEARCH & DEVELOPMENT Development of Species-Specific Feed for our Aquna Cod • Trials of feeds with various nutritional composition were recently completed. • 10 feeds trialled at MCA Recirculating Aquaculture System (RAS) • 6 feeds trialled at Deakin University “Science
Slide 17: Restocking Program
RESTOCKING PROGRAM • Recognise the importance of the land we work on and embrace our role as stewards. • Participate in native fish restocking programs Throughout the Murray-Darling Basin, last year we released: • 800,000 Murray cod fingerlings, • 260,000 silver perch fingerlings, and • 393,000 gold
Slide 18: roids
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