Seafarms Group Limited · ASX:SFG
Seafarms — FY2021 Earnings Presentation
27 slides from Seafarms's earnings presentation, Sep 1, 2021
Slide 1: Seafarms Group 2021 Full Year Results Announced
ASX Announcement | 31 August 2021 Seafarms Group Limited (ASX:SFG) (SFG Announcement No. 703) Seafarms Group 2021 Full Year Results Announced Annual Report Presentation Investment Highlights Project Sea Dragon Successful capital raising of A$107.5 million before costs to start construction for Proje
Slide 2: For further information, please contact
For further information, please contact: Seafarms Group Mr Harley Whitcombe Company Secretary P: (08) 9216 5200 Media / Investor Enquiries True North Strategic Communication Penny Baxter P: +61 8 8981 6445 M: +61 437 522 532 E: penny@truenorthcomm.com.au About Seafarms Group Seafarms Group Limited (
Slide 3: 2021 Full Year Result
2021 Full Year Result August 2021 The transformation of Seafarms from Australia’s largest prawn producer into a significant global low cost producer has commenced 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 Seafarms Financial Overview FY21 Far North Queensland Operations Project Sea Dragon (PSD) Overview 3
Slide 6: Overview of Seafarms Group
RL | “Seafarms Overview of Seafarms Group
Slide 7: Overview of Seafarms Group
Seafarms is one of Australia’s largest prawn aquaculture companies Seafarms has significant operational aquaculture expertise and a demonstrated track record of growth and innovation. Queensland operations have a 4-star rating Best Aquaculture Practice (BAP) Overview of Certificate by the Global Aqu
Slide 8: Project Sea Dragon (PSD) Construction has commenced
Project Sea Dragon (PSD) Construction has commenced PSD is a large-scale and integrated, land-based prawn aquaculture project being developed across multiple sites in northern Australia. Development of this world class Project Sea Dragon asset commenced following a highly successful recent capital r
Slide 9: Seafarms Financial Overview FY21
Seafarms Financial Overview FY21 7
Slide 10: SFG Achieves Revenue of ~A$21.0M in FY21
SFG Achieves Revenue of ~A$21.0M in FY21 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 core operational workf
Slide 11: Seafarms Group Limited Corporate Overview
Seafarms Group Limited Corporate Overview ASX Listing Code SFG Market capitalisation (August 2021) Approx. $254M Fully Paid Shares on Issue 4.79B Cash, Debtors & Inventories (as at 30 June 2021) $12.9M1 Financial Year End 30 June Directors Shareholdings 34.9% (including Nissui)2 Current Directors Ia
Slide 12: Far North Queensland Operations
Far North Queensland Operations 10
Slide 13: Overview of Far North Queensland Operations
Overview of Far North Queensland Operations Queensland Operations are a vertically integrated business that have been operational for over 30 years Seafarms acquired Cardwell in early 2014, continued its banana prawn production and Seafarm Queensland processing plant employee commenced production of
Slide 14: FY 2021 Production, Operational Overview and Improvements
FY 2021 Production, Operational Overview and Improvements Operational Overview Overall production exceeded budget (FY21 – 1,068 tonnes) Black Tiger Prawns constituted 91% of production Black Tiger Prawn yield was 8.0 tonnes per hectare across all farms, a 21% increase on FY20 Banana Prawn yield was
Slide 15: FY 2021 Production, Operational Overview and Improvements
FY 2021 Production, Operational Overview and Improvements Operational PSD Trials Continued trialling and assessment of automated feed systems, with the opportunity to test and develop the integration of in-pond monitoring technologies Operational Health and Safety Zero lost time injuries achieved Ov
Slide 16: Project Sea Dragon (PSD) Overview
Project Sea Dragon (PSD) Overview 14
Slide 17: Overview of Project Sea Dragon
Overview of Project Sea Dragon One of the world’s largest aquaculture operations Project Sea Dragon is a Tier 1 asset of global significance and once fully developed it will be one of world’s largest Black Tiger operations with the capacity to produce up to 130,000-180,000 tonnes per annum Project S
Slide 18: Project Sea Dragon – Location Overview
Project Sea Dragon – Location Overview Legune Station in the Northern Territory, has been a carefully selected for the grow out facility. SFG holds sub-lease on Legune Station providing secure tenure for the full development PSD project location within Australia 16
Slide 19: PSD Progression
PSD Progression 2014 2018 to and 2020 2021 2023 August November 2017 2019 Acquired QLD assets Design Due Diligence Construction Processing Commenced Secure leases Engineering Legune 1st Commercial production (tenure) Legal Bynoe harvest Domestic focus Design optimisation Insurance Exmouth Processing
Slide 20: Construction at Legune
Construction at Legune 2021 Dry Season construction has commenced 74 person construction camp has been transported to site Construction camp site cleared and camp fit- out underway using local contractors Road-works within the station boundary have commenced Quarrying contract has been awarded and m
Slide 21: World leading Breeding/Domestication and Genetics Programs
World leading Breeding/Domestication and Genetics Programs ARC program As previously announced in 2014, Seafarms has invested significantly in Research & Development, being Industry sponsor of the Australian Research Council (ARC) Industry Transformative Hub into Advanced Prawn Breeding led by James
Slide 22: Seafarms Specific Pathogen Free Program
Seafarms Specific Pathogen Free Program At Exmouth in Western Australia, Seafarms has progressed with the long term development program of domesticated Specific Pathogen Free prawns to reduce production risks at PSD. G4 Specific Pathogen Free animals are schedule to be produce in the 2H of 2021. SPF
Slide 23: Strong Government Support for PSD continues
Strong Government Support for PSD continues Keep River Road Upgrade This investment by the Western Australian Government complements the investment by the Sandy Creek Bridge – Keep River Road Northern Territory Government that resulted in 30 kilometers of the Keep River Road being constructed from t
Slide 24: Funding Status of PSD
Funding Status of PSD COVID-19 restrictions has caused delays in finalising the funding required to fund Stage 1A development. The recent interim capital raising has provided greater time and the ability to finalise debt arrangements without Access Road impacting construction schedule; with Crystal
Slide 25: Sustainability
Sustainability BAP® certification at the Queensland facilities demonstrates commitment by the company to sustainability. This certification includes third party assurances to ensure only sustainable feeds ae used in the supply chain Caring for Country planning meeting Project Sea Dragon design conti
Slide 26: Indigenous and Local Commitment
MG Building refurbishment of camp buildings ILUA committee in-person and on video Indigenous Land Use Agreement (ILUA) Indigenous and Caring for Country (ranger) program sponsored by PSD and implemented through the Northern Land Council commenced with detailed planning The ILUA committee continued t
Slide 27: 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