Arctic Fish Holding As · OSL:AFISH
Arctic Fish Holding As — Q1 2024 Earnings Presentation
13 slides from Arctic Fish Holding As's earnings presentation, May 8, 2024
Slide 1: Arctic Fish Q1 2024 Presentation
Arctic Fish Q1 2024 Presentation 8 May 2024
Slide 2: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements This presentation is the managements summary of the 1st quarter report, it includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forwa
Slide 3: Arctic Fish in brief
Arctic Fish in brief Arctic Fish (AFISH), listed at Euronext Growth market in Oslo, is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses c
Slide 4: Highlights Q1 2024
Highlights Q1 2024 ▪ Harvested quantities amounted to 2,531 tonnes compared to 4,866 tonnes for the same period (EUR '000) Q1 2024 Q1 2023 2023 last year. ▪ Operational EBIT pr. kg amounted to 3.84 EUR pr. 24,138 38,990 88,900 Operational revenue and other income kg, which is an all-time high. For t
Slide 5: Financials
Q1 2024 Presentation Financials
Slide 6: Profit and Loss
Profit and Loss (EUR '000) Q1 2024 Q1 2023 2023 Operational revenue and other income 24,138 38,990 88,900 Operational EBIT 9,725 10,397 14,493 Revenues amounted to 24.1 MEUR in the Net fair value adjustment of biomass 1,391 -4,184 -412 quarter, a decrease of 38% from the License and production fees
Slide 7: Financial Position
Financial Position At the end of the reporting period, total assets (EUR '000) 31.3.2024 31.3.2023 31.12.2023 amounted to EUR 236.4 million, an increase of EUR 10.7 million from the prior period (Q4’2023). Non-current assets 139,994 118,385 138,520 Current assets 96,392 93,418 87,110 The Group’s net
Slide 8: Cash Flow and Net Interest-Bearing Debt
Cash Flow and Net Interest-Bearing Debt (EUR '000) Q1 2024 Q1 2023 2023 NIBD beginning of period* -114,289 -69,374 -69,374 Operational EBITDA* 11,823 11,804 21,239 Net interest-bearing debt has decreased as a Change in working capital -988 -3,624 -697 result of positive operational cash flow. Capita
Slide 9: Capital Expenditures
Capital Expenditures Investments in the quarter Planned capital expenditure going forward Actual Capital Expenditures (MEUR) ▪ CAPEX was mainly related to growth investments in Planned Capital Expenditures (MEUR) seawater-based equipment for new sites. 45 43 40 37 35 30 25 20 15 10 7 5 0 2022 2023 2
Slide 10: Volume Guidance
Volume Guidance ▪ In Q1 2024, the Company harvested 2.5 thousand tonnes (HOG), compared to 4.8 thousand tonnes in the same period last year. ▪ The company expects to maintain the volumes set forth in earlier forecasts. ▪ Long-term growth objective for the company is optimal utilization of the existi
Slide 11: Appendix
Q1 2024 Presentation Appendix
Slide 12: License Portfolio
License Portfolio In the quarter, the company received a license for 8,000 tonnes in Ísafjarðardjúp. 5,200 tonnes are licenses for fertile salmon with the remaining 2,800 tonnes being trout. This replaces an existing license held for 5,300 tonnes of trout. In addition, the company received a renewed
Slide 13: Thank you
Q1 2024 Presentation Thank you