Icelandic Salmon As · OSL:ISLAX

Icelandic Salmon As — Investor Presentation (March 2025)

13 slides from Icelandic Salmon As's investor presentation, Mar 6, 2025

  1. Slide 1: Icelandic Salmon – Company Presentation

    ICELANDIC SALMON – COMPANY PRESENTATION BJÖRN HEMBRE, NASF 6 TH MARCH 2025

  2. Slide 2: Q4 Summary

    Q4 SUMMARY Stable biology in the quarter Stable biological situation, higher volumes, solid quality on Harvest Operational EBIT harvest volume, and better good lice control (Thousand tonnes gw) (EUR/kg) 7,2 0,28 0,22 6,5 Quarterly harvest volume of 6,455 tonnes, compared to Q4-23 at 7,219 tonnes -0,

  3. Slide 3: Group Balance – Financial Highlights

    GROUP BALANCE FINANCIAL HIGHLIGHTS Assets Liabilities KEY UPDATES FOR FOURTH QUARTER 2024 (EUR million) (EUR million) Extension on financing agreement 264 263 120 113 34 22 — Additional EUR 65 million, increasing the loan facility to EUR 115 116 160 million. — Extension on our current Sustainability

  4. Slide 4: Focus on Optimizing Operations to Unlock the Future Potential

    FOCUS ON OPTIMIZING OPERATIONS TO UNLOCK THE FUTURE POTENTIAL OPPORTUNITIES / UNCERTAINTIES  Change of MAB structures (avg. rolling biomass)  One farmer one fjord  Revised carrying capacity and new licenses  Risk assessment for wild stocks on regional level  Risk assessment of sailing routes 

  5. Slide 5: Icelandic Salmon – Where Do We Operate?

    ICELANDIC SALMON WHERE DO WE OPERATE?  Licenses 106,000 tons  Harvest +50,000 tons  The economic value of this would represent 6% of Iceland GDP Sales Harvest Plant Smolt production Current operation Licence application Sterile licence application SUSTAINABILITY – IT’S IN OUR NATURE 6

  6. Slide 6: Smolt and Post-Smolt

    SMOLT AND POST-SMOLT OVERVIEW SMOLT FACILITIES  Have today 3 facilities in operation — the 4th is under reconstruction  Capacity of 7-8 million smolts — depending on smolt size  Total licences on land is 3.800 tonnes of MAB  Have sufficient smolt capacity for existing licences in sea  70% of pr

  7. Slide 7: Seawater

    SEAWATER OVERVIEW ISSUED LICENSES Arnarlax holds licenses of 23,700 tonnes MAB in the Icelandic Westfjords (Arnarfjörður, Patreksfjörður and Tálknafjörður)  11.500 tonnes MAB in Arnarfjodur — The licence includes 7 sites for operation — 5 sites in operations today Fertile license Sterile licence, a

  8. Slide 8: Harvesting

    HARVESTING OVERVIEW HARVEST PLANT IN BÍLDUDALUR  Located in Bíldudalur — close to our sea-water operations  Capacity 30.000 tonnes/year  BRCGS certified — Certifies that procedures and the harvest plant is according to international standards that focus on food safety.  Use super-chill to extend

  9. Slide 9: Sales and Logistics

    SALES AND LOGISTICS OVERVIEW SALES AND LOGISTICS DIVISION WHERE ARE OUR CUSTOMERS IN 2024?  Own sales is a part of the strategy  Located in Kópavogur  Our internal sales team sell all of our salmon  Working close with premium customers in US and Europe  Focus on Quality, Sustainability and Orig

  10. Slide 10: Sales routes to the US

    {sland > Bandarikin ECUADOR .*. Portland, ME Boston New York New York Washington Boston Canada Chicago Seattle Toronto Washington Baltimore Amsterdam ¢----- R= Los Angeles Billund -———lig——* Kaupmannahéin «-->}=--« Los Angeles London » --1 ++ Los Angeles y- wal web mec xis) AT LANIE Arnarlax sTAINAB

  11. Slide 11: Sales routes to Europe

    AUSTRN i AS E ATEN TIC 2 aes Pt) 5 Conon Island > Evrép an @ { | Frakkland ay <—= pos PAKIST/ Reykiavik/THH + — -flll— —« Rotterdam fralla —— -IBYA epeon byskaland Bildudalur ortékshéin © lili —+ Hirthals ftalia os —* Immingham li pyskaland Pélland > Holland - iy Fh = Eremenanen ‘CHAD Immingham : A

  12. Slide 12: Sales routes to Asia

    Ochotsk ies Biscayo Sa Gam (us NaLDES: Bildudalur -—FQ—+ Keflavik +--- >> INDIAN — +> Arnarlax 7 = — Silo { cP 2 MADAGASCAR . \ 4 ( ISTAINABLE ICELANDIC SALMON rT Al 4 )

  13. Slide 13: Contact details

    StfandgataT Iceland | eal arnarlax.is 465 Bildudalur (354) 456 0100 arnarlax@arnarlax.is

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