Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q1 2023 Earnings Presentation
16 slides from Gigante Salmon As's earnings presentation, Apr 26, 2023
Slide 1: Q1 Report 2023
Q1 REPORT 2023 26 April 2023 CEO Helge E. W. Albertsen CFO Rune Johansen
Slide 2: Majority owner Gigante Havbruk co-owns operations across the value chain
61 % ROE SMOLT WELLBOAT R&D PACKING STATION The majority owner Gigante Havbruk is also a co-owner of operations at all stages of the salmon value creation chain. This ensures Gigante Salmon access to the necessary expertise in all areas.
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Slide 4: Gigante Salmon Rødøy
Gigante Salmon Rødøy PHASE 1 FULL PRODUCTION Investment 445 MNOK No additional investments required Smolt released 1 100 000 3 300 000 Harvest (tons, WFE) 6 350 19 050 Harvest (tons, HOG) 5 300 16 000 Utilisation MAB 0.5x 1.4x Prod. costNOK/kg HOG 38 31 CAPEX/kg HOG 71 24 2023 2025 2027 (All figures
Slide 5: Health, Security, Environmental & Quality
Health, Security, Environmental & Quality HSE&Q PROJECT EXECUTION An overriding focus for all our activities is that the health of our colleagues and fish is crucial for our success: “If the fish are doing well, then we are doing well.” Important areas of responsibility for Gigante Salmon AS as the
Slide 6: Highlights Q1 2023
Highlights Q1 2023 THE FIRST QUARTER OF 2023 • Insurance agreement with Gjensidige Forsikring. Covers project implementation, facilities and biomass during the operational phase • Initial disbursement from long-term construction loan granted by Sparebank1 Nord-Norge and guaranteed by Eksfin • Pourin
Slide 7: Production Basin
PRODUCTION BASIN Two production basins will We are establishing three production basins The water enters the tank from a point at the Perforated walls will divide the raceways from each contain three raceways, while (1, 2, 3) in the bedrock. Each will be about five centre of one of the short ends of
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Slide 11: Timeline towards 20,000 tons of yearly production
Timeline towards 20,000 tons of yearly production 2021 2022 2023 2024 2025 2026 2027 Construction Project execution phase Phase 1 Startup production – 1.1 mill smolt Slaughter 5,300 tons HOG Startup production – 1.1 mill smolt Slaughter 5,300 tons HOG Production Phase 1 Full production – 3.3 mill sm
Slide 12: Income statement - Group
Income statement - Group • Investments in Gigante Salmon Rødøy progressing according to plan • Net profit Q1 2023, +0.1 MNOK
Slide 13: Balance sheet - Group
Balance sheet - Group • Strong, financial position with equity ratio at 87% • Initial disbursement from long-term construction loan (204 MNOK) granted by Sparebank1 Nord-Norge and guaranteed by Eksfin
Slide 14: Income statement – GS Rødøy
Income statement – GS Rødøy • Investments in Gigante Salmon Rødøy progressing according to plan
Slide 15: Balance sheet – GS Rødøy
Balance sheet – GS Rødøy • Initial disbursement from long-term construction loan (204 MNOK) granted by Sparebank1 Nord-Norge and guaranteed by Eksfin
Slide 16: Reminder: Annual meeting in Bodø, May 31st 2023
REMINDER: Gigante Salmon AS Annual meeting will be held in Bodø, May 31st 2023 at 9:00 AM.