Atlantic Sapphire Asa · OSL:ASA
Atlantic Sapphire Asa — Q3 2023 Earnings Presentation
9 slides from Atlantic Sapphire Asa's earnings presentation, Nov 1, 2023
Slide 1: Q3 2023 Operational Update
Q3 2023 Operational Update November 1, 2023
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION This presentation (the "Presentation") has been produced by Atlantic Sapphire ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. This Presen
Slide 3: 2023 In Summary
2023 In Summary Jan May Jul Oct - - - - Apr Jun Sep Infrastructure Upgrades Production Mode Temperature Issues Return to Production Mode ▪ Heavy infrastructure upgrades and ▪ Stable conditions ▪ Temperature-related challenges ▪ Expect to have targeted operational improvements, requiring ▪ Low mortal
Slide 4: Q3 2023 Biological Performance
Q3 2023 Biological Performance Quarterly net biomass gain development Comments Temperature issues 800 35% ▪ Temperature-related challenges resulted in slower growth in Q3 2023, with a net 700 biomass gain of approximately 100t RLW 30% ▪ The standing biomass end-Q3 2023 was approximately 2,350t RLW 6
Slide 5: Q3 2023 Temperature Challenges Resolved
Q3 2023 Temperature Challenges Resolved Comments Weekly temperature and feeding (Sep – Oct 2023) Higher than expected chiller downtime New chiller capacity installed ▪ New additional chillers have been installed 20,000 20 Freshwater Systems 19 ▪ Temperatures brought down and stabilized at 18,000 Tem
Slide 6: Operational Expectations Going Forward
Operational Expectations Going Forward H2 23 H1 24 Return to Production Mode Targeting EBITDA break-even for Phase 1 ▪ Additional chiller capacity installed, resulting in targeted ▪ Standing biomass expected to have reached and more stable water temperatures Phase 1 budgeted level ▪ A return to simi
Slide 7: Offtake and Price Achievement
Offtake and Price Achievement Highly developed footprint in close proximity Significant upside on price achievement to Commentary to Atlantic Sapphire follow satisfactory operational performance US price achievement: Premium fish (superior) and ~2,000 locations carrying Bluehouse fresh average – USD
Slide 8: Powerful Equity Story With Strong Growth Potential
Powerful Equity Story With Strong Growth Potential ▪ Atlantic Sapphire is Large-scale site Phase 2 under Unique economic and Backed by highly capturing a US already operational construction to more environmental renowned financial megatrend and approaching than double capacity proposition sponsors a
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