Mowi Asa · OSL:MOWI

Mowi Asa — Marine Harvest — Platou Seminar (June 2011)

21 slides from Mowi Asa's conference presentation, Jun 9, 2011

  1. Slide 1: Biological drivers to succeed

    Marine Harvest Biological drivers to succeed Oslo 9 June 2011

  2. Slide 2: Marine Harvest at a glance

    Marine Harvest at a glance  Turnover NOK 15.2bn 2010 Sales breakdown  Salmon volume 296’ tonnes (HOG)  5 000 employees  Presence in 21 countries  Global market share of ~25%  Farmed Atlantic Salmon  Leading producer in:  Norway  Canada (West Coast) Harvest volume 2011E (HOG)  Scotland  Ch

  3. Slide 3: Marine Harvest - Global farming network 2011

    Marine Harvest - Global farming network 2011 Norway 223,000 HOG Canada 36,000 HOG Faroes 6,000 HOG Scotland 41,000 HOG Ireland 10,000 HOG Chile 24,000 HOG 3

  4. Slide 4: Development in industry volumes

    Harvest volume, 1000 tonnes (HOG) Harvest volume, 1000 tonnes (HOG) 0 20 40 60 80 100 120 140 0 100 200 300 400 500 600 700 800 900 19 19 9 9 19 0 19 0 91 9 19 19 1 9 92 19 2 19 93 9 19 19 3 9 9 19 4 19 4 9 9 19 5 19 5 96 9 19 19 6 9 97 19 7 19 9 9 19 8 19 8 9 9 20 9 20 9 0 00 Norway 20 0 20 01 0 No

  5. Slide 5: Strong industry growth since 1990

    Strong industry growth since 1990 CAGR – 9,3% 5 Note: Development in harvested volumes Source: Kontali Analyse

  6. Slide 6: Marine Harvest - Global sales network

    Marine Harvest - Global sales network Norway Poland Canada Faeroes Belgium Scotland Holland China Ireland Czech Rep. South Korea France USA Italy Spain Taiwan Japan Hong Kong Singapore Chile 6

  7. Slide 7: Global industry volumes by market

    Global industry volumes by market Estimated volumes Compared to Q1 2010 12 months comparsion Q1 2011 Q1 2010 Volume % Volume % Markets EU 146,300 152,200 -5,900 -3.9% -27,900 -4.1% USA 53,600 59,300 -5,700 -9.6% -16,000 -6.6% Russia 20,700 18,900 1,800 9.5% 16,200 21.5% Japan 8,700 7,700 1,000 13.0%

  8. Slide 8: Fundamental global demand drivers

    Fundamental global demand drivers More people: Everyone eating more protein: World population growth Growth in meat consumption In billions Kg per capita per year 12 120 Exceeding 9 billion people in 2050 10 100 8 80 On average we will eat 55% more meat 6 60 in 2030 than in 1980 4 40 2 20 0 0 1950 1

  9. Slide 9: And even stronger demand for seafood

    And even stronger demand for seafood Total seafood production in million tonnes Estimated ”…dietary goals can be 200 aquaculture growth 180 2000–2050: 134% met by (...) ensuring a 160 regular intake of fish (one 140 120 to two times per week)." 100 80 World Health Organisation 60 40 20 0 2000 2010e

  10. Slide 10: Biological drivers to succeed

    Biological drivers to succeed 10

  11. Slide 11: Success in biology~financial success

    Success in biology~financial success • Dream scenario in salmon farming: • Low mortality < 10 percent per generation • Predictable growth and harvest volumes • Low feed conversion ratio • Acceptable environmental impact • Resulting in a quality product to an increasing group of consumers • How do we

  12. Slide 12: Fundamentals - Temperature

    Fundamentals - Temperature 12

  13. Slide 13: Fish health

    Fish health  Survival impacted by many factors:  Genetic material  Smolt quality  Biosecurity management  Pathogenic pressure within site and between sites  Corrective action and equipment to deal with incidents 13

  14. Slide 14: R&D together with single year class production

    R&D together with single year class production 14

  15. Slide 15: Healthy fish are happy fish

    Healthy fish are happy fish • Low stocking densities • Vaccination • Optimal farm location • From medication to biological control 15

  16. Slide 16: Growth

    Growth • Growth rate • Temperature • Genetics • Adapted smolt, and smolt size • Feed quality • Environmental condition and stocking densities • Fish health status 16

  17. Slide 17: Feed conversion ratio (FCR)

    Feed conversion ratio (FCR) • FCR impacted by • Energy content in feed • Nutritional composition • Genetic potential • Smolt quality • Feed quality • Trained personnel 17

  18. Slide 18: Salmon farming is hard to beat in regards to FCR

    Salmon farming is hard to beat in regards to FCR 18

  19. Slide 19: Our approach to sustainability

    Our approach to sustainability 19

  20. Slide 20: Listen, evaluate and improve

    Listen, evaluate and improve 20

  21. Slide 21: Biological drivers to succeed

    Biological drivers to succeed • Education and training of personnel • Resources towards genetics and especially smolt production • Establish risk management areas (biological barriers) and think risk management • R&D in regards to vaccines towards viruses • Develop knowhow in regards to ocean curren

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