Arctic Fish Holding As · OSL:AFISH
Arctic Fish Holding As — Q3 2024 Earnings Presentation
13 slides from Arctic Fish Holding As's earnings presentation, Nov 6, 2024
Slide 1: Arctic Fish Q3 2024 Presentation
Arctic Fish Q3 2024 Presentation 6 November 2024
Slide 2: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements This presentation is the managements summary of the 3rd quarter report, it includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forwa
Slide 3: Arctic Fish in brief
Arctic Fish in brief Arctic Fish (AFISH), listed at Euronext Growth market in Oslo, is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses c
Slide 4: Highlights Q3 2024
Highlights Q3 2024 ▪ Continuing to maintain improved (EUR '000) Q3 2024 Q3 2023 YTD YTD 2023 Q3 2024 Q3 2023 Operational EBIT pr. kg results compared to last year. Q3 2024 is the third quarter in a Operational revenue & other 20,675 29,674 56,421 69,940 88,900 row that beats previous year’s result.
Slide 5: Financials
Q3 2024 Presentation Financials
Slide 6: Profit and Loss
Profit and Loss YTD YTD (EUR '000) Q3 2024 Q3 2023 2023 Q3 2024 Q3 2023 Operational revenue & other income 20,675 29,674 56,421 69,940 88,900 Operational EBIT 936 730 12,984 10,319 14,493 Net fair value adjustment of biomass, 2,420 -736 -552 -683 -412 License and production fees / taxes -850 -562 -1
Slide 7: Financial Position
Financial Position At the end of the reporting period, total assets amounted to EUR 238.0 million, an increase of (EUR '000) 30.9.2024 30.6.2024 30.9.2023 31.12.2023 EUR 4.7 million from the prior period (Q2’2024). The increase is due to increasing biological Non-current assets 138,597 139,751 135,0
Slide 8: Cash Flow and Net Interest-Bearing Debt
Cash Flow and Net Interest-Bearing Debt YTD YTD (EUR '000) Q3 2024 Q3 2023 2023 Q3 2024 Q3 2023 Net interest-bearing debt has increased as a NIBD beginning of period* -118,628 -90,230 -114,289 -69,374 -69,374 result of negative operational cash flow, Operational EBITDA* 3,115 2,652 19,411 15,031 21,
Slide 9: Capital Expenditures
Capital Expenditures Investments in the quarter Planned capital expenditure going forward ▪ CAPEX was minimal in the quarter as was the intention. Actual Capital Expenditures (MEUR) Minor investments were made in farming and other Planned Capital Expenditures (MEUR) smaller production-based equipmen
Slide 10: Volume Guidance
Volume Guidance ▪ In Q3 2024, the Company harvested 3.4 thousand tonnes (HOG), compared to 4.4 thousand tonnes in the same period last year. ▪ The company expects to maintain the volumes set forth in earlier forecasts. ▪ Guidance for 2025 is set at 15 thousand tonnes (HOG), which is a 44% increase y
Slide 11: Appendix
Q3 2024 Presentation Appendix
Slide 12: License Portfolio
License Portfolio The total production capacity for the company after the license update is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 11 farming areas in 6 different fjords, all located in the Westfjords of Iceland. Of the 29,800 tonnes, 27,000 tonnes are for fertile
Slide 13: Thank you
Q3 2024 Presentation Thank you