Murray Cod Australia Limited · ASX:MCA
Murray Cod Australia — Investor Presentation
28 slides from Murray Cod Australia's investor presentation
Slide 1: Australia's Premium Native Fish
Australia’s Premium Native Fish ASX Code: MCA www: murraycodaustralia.com
Slide 2: A Unique Opportunity – Land Based Aquaculture
A Unique Opportunity – Land Based Aquaculture Environmental and economic pressure on irrigation & declining wild fish stocks www: murraycodaustralia.com Global demand Innovation for protein – via existing local especially for fish infrastructure and protein a rare premium native fish 2
Slide 3: What is Murray Cod
What is Murray Cod • One of the world’s largest freshwater fish • Historically it was a Premium Table Fish • It has a creamy white flesh with firm texture and mild taste (similar to Soon Hock) • In 1880’s highly profitable commercial fisheries sprang up in the Murray-Darling Basin and Australia cons
Slide 4: Murray Cod Suitability to Aquaculture
Murray Cod Suitability to Aquaculture • High stocking density tolerance • Tolerance for handling and grading • Medium – fast growth rate (1kg in 12 month) • Easy to wean to artificial diets www: murraycodaustralia.com • Have relatively broad water quality requirements • Efficient food conversion (1.
Slide 5: High Feed Conversion Ratio
High Feed Conversion Ratio • Fish are efficient converters of Murray Cod 1.5 low-grade feed into high-value protein Chicken 2.0 • Current production rates indicate Murray cod conversion is 1.5:1 www: murraycodaustralia.com Pork 4.0 • Feed conversion into protein is twice as high for commercial aquac
Slide 6: Other Major Farmed Species in Australia
Other Major Farmed Species in Australia Murray Cod Barramundi Salmon Premium White Flesh White Flesh Pink Flesh • Only exists in Murray • Widely Spread throughout • Widely spread around Darling Basin of Australia - Northern Australia and Asia Northern Hemisphere Grows nowhere else in the • 22,000 to
Slide 7: Barriers to Entry
Barriers to Entry • Murray Cod is globally unique to Murray Darling River System. These fish grow in no other river system in the world • Commercial fishing in the river system is banned, listed by EPBC as Vulnerable* www: murraycodaustralia.com • Difficulty in sourcing brood stock • Limited spawnin
Slide 8: MCA - Investment Proposition
MCA- Investment Proposition • Luxury Product: highly sought after as a table fish by consumers and chefs • Price premium: Higher wholesale prices paid for Murray cod (>$20kg/kg)* than other farmed species in Australia and Asia (~$10/kg) www: murraycodaustralia.com • High Growth: Production capacity
Slide 9: Limited Competition
Limited Competition Market is in infancy It was estimated in Re-introduction of Cod Several studies by www: murraycodaustralia.com stage with existing 2015, aquaculture in Australia to raise Austrade and the production limited to production of Murray market awareness is Department of Primary small s
Slide 10: Business Model
Business Model 35mm Stock is kept in recirculated tanks Cages Sold Hatchery Nursery with environment controlled until to Contract 100 grams in size Growers www: murraycodaustralia.com Fingerlings Fingerlings to In 12 Mths 1-1.5Kg sold to Contract MCA ponds Murray Cod is Growers for for grow-out harv
Slide 11: Current Sales & Expansion Plans
Current Sales & Expansion Plans Premium $18.00 to Processing Murray Growing $22.00 per $8.50 per Kg & Selling $1.50 per Kg Cod Sale Kg* Cost Costs Price www: murraycodaustralia.com • Current productive capacity of MCA is 300,000 Kg • Current productive capacity from contract growers is 150,000 Kg •
Slide 12: Current Capital Structure
Current Capital Structure Deferred Consideration Current Market Cap approx. $21 million AUD Shares on issue Options Shares & Performance Rights Existing 63,939,969 Issued in Capital Raise (re-listed 31 January 2017) 200,000,000 www: murraycodaustralia.com Grow Out Farm, Nursery and Hatchery assets,
Slide 13: Location Advantage
Location Advantage Irrigation supply network of Murrumbidgee Irrigation Area (MIA) www: murraycodaustralia.com www.mirrigation.com.au 13
Slide 14: Where is the Murrumbidgee Irrigation Area?
Where is the Murrumbidgee Irrigation Area? www: murraycodaustralia.com 14
Slide 15: MIA – Infrastructure Ready for Aquaculture
MIA – Infrastructure Ready for Aquaculture www: murraycodaustralia.com 15
Slide 16: Advantages of the MIA
Advantages of the MIA Murray Cod’s Natural Habitat Global Capital Inflows and existing farmers who are willing to Ideally suited to make invest capital in a new www: murraycodaustralia.com use of existing farm industry infrastructure (e.g. power, water inputs & drainage systems) Reliable high qualit
Slide 17: Integration of Agriculture and Aquaculture
Integration of Agriculture and Aquaculture • Aquaculture production can be integrated into agricultural systems to achieve net positive gains in regard to water productivity • Aquaculture typically just ‘borrows’ the water, which ultimately is used for irrigation • Aquaculture potential provides add
Slide 18: Aquaculture – Global Blue Revolution
Aquaculture – Global Blue Revolution Seafood is the most widely traded animal protein globally. With an estimated traded value of over US$140 billion in 2014, exports have nearly doubled in value in the last five years.* www: murraycodaustralia.com Aquaculture is world’s fastest growing food product
Slide 19: Global Consumption of Fish is Rising
Global Consumption of Fish is Rising www: murraycodaustralia.com Source: http://www.aqua-spark.nl/why-aquaculture/market/ 19
Slide 20: But Wild Catch is Falling
But Wild Catch is Falling www: murraycodaustralia.com https://www.bloomberg.org/press/infographics/worlds-fish-growing-demand-shrinking-supply/ 20
Slide 21: Ocean Fisheries are at Risk
Ocean Fisheries are at Risk www: murraycodaustralia.com Source: http://www.aqua-spark.nl/why-aquaculture/market/ 21
Slide 22: Aquaculture provides nearly half of all fish consumed
Aquaculture currently provides nearly half To meet the world’s seafood needs (46.5%) of all fish consumed by humans and AQUACULTURE PRODUCTION by 2030 aquaculture is projected to provide will need to increase by 46.4 Million metric tons 62 percent of global seafood 94 www: murraycodaustralia.com 85
Slide 23: Australian aquaculture competitively positioned
The increasing demand for Australian native species and the proximity to Asia, together with internationally recognised seafood quality and standards, means Australian aquaculture is competitively China’s positioned to deliver high value entire aquaculture products*. www: murraycodaustralia.com prod
Slide 24: Summary
Summary Global Strong demand Eco friendly & Presently high Huge growth www: murraycodaustralia.com consumption of and premium sustainable profit margin potential for fish is rising while pricing for the operations business with Murray cod wild catch is Murray Cod supported high barriers to aquacultu
Slide 25: View of Our Operations
View of Our Operations www: murraycodaustralia.com Overhead view of our Ponds with new Fish being Processed for market construction shown in background 25
Slide 26: More of a View…
More of a View… www: murraycodaustralia.com Above: Mathew Ryan our Managing Director on the ponds. Left: Staff undertaking daily check on fish health and water quality 26
Slide 27: More of a View continued…
More of a View continued… www: murraycodaustralia.com View of the cage systems we manufacture Inside our nursery. We built most of it ourselves. 27
Slide 28: For more information please contact
For more information please contact: Ross Anderson Chairman of Murray Cod Australia ph: +61 412 204 196 email: ross@auscod.com.au Website: www:murraycodaustralia.com 28