Barramundi Group Ltd. · OSL:BARRA
Barramundi — FY2021 Earnings Presentation
16 slides from Barramundi's earnings presentation, Apr 29, 2022
Slide 1: Full Year 2021 Financial Results and Business Update
Full Year 2021 Financial Results and Business Update Presentation BARRAMUNDI GROUP 29/04/2022
Slide 2: About Barramundi Group
About Barramundi Group Leading integrated and sustainable aquaculture in Australasia A top barramundi producer Our ambition is to 1,600 Today, we produce grow to restaurants, hotels, and 2,000 tonnes retailers in selected across Australia, 75,000 markets Singapore, Brunei tonnes production Full Year
Slide 3: Why Ocean Barramundi?
Why Ocean Barramundi? Barramundi has the potential to become the Salmon Of The Tropics due to its unique attributes Potential Scalability Versatility Responsible Untapped tropical range Suited for aquaculture Cuisine-friendly Ethical consumption A tropical fish species that A highly productive, fast
Slide 4: Profit & Loss
2021 Profit & Loss • Revenue increased by 15% driven by increase in WFE harvest volume from In SGD thousands 2021 2020 1837T to 1951T and better selling prices achieved from higher proportion of sales to B2C customers in Singapore and increase in selling prices to food Revenue $32,701 $28,364 + 15%
Slide 5: Balance Sheet
2021 Balance Sheet • Investing for growth with $8m on capex spending In SGD thousands 2021 2020 • $2.4m new farm being built at new site in Singapore at St John’s Island • $4.1m new land and sea nurseries built in Brunei with fish being stocked Fixed assets 25,933 24,916 • $1.5m replacement nets and
Slide 6: Cash Flow Statement
2021 Cash Flow Statement • Significant investment for growth with $8m capex spending in Singapore, In SGD thousands 2021 2020 Australia and Brunei farms. Net cash from operating activities ($11,994) ($8,520) • $16m net proceeds from successful listing in August 2021. Acquisition of subsidiaries $0 (
Slide 7: Operating Highlights - Australia
2021 Operating Highlights - Australia • Strong top line growth with 18% increase achieving $16m in revenue in Australia 2021. Operating EBITDA -$3.9M Operating EBITDA -$2.6M $18.0 • Increase in revenue and selling prices driven by continuing strong demand $16.0 from both food service customers and C
Slide 8: Operating Highlights - Singapore
2021 Operating Highlights - Singapore • Strong pivot towards B2C online sales amidst Covid restrictions achieving Singapore an increase in overall selling price whilst relatively maintaining revenue. Operating EBITDA -$3.7M Operating EBITDA -$2.1M • New farm lease obtained (St. John’s) and currently
Slide 9: Operating Highlights - Brunei
2021 Operating Highlights - Brunei • Completion and operations commencement of Broodstock Development Center 0.5 Hectare RAS nursery with fish stocked • New office built, with 10 staff onboarded • Completion and operation commencement of Pelumpong Sea Nursery • Secured 100Ha Pelong grow-out lease A4
Slide 10: Operating Highlights - Fassler
2021 Operating Highlights - Fassler • Acquired Fassler in 2020 for synergies to the Group’s business. Fassler Fassler offers premium quality seafood and value-added products with processing 14.0 capabilities in Singapore 12.0 • Successful turnaround of Fassler in the first year in 2020 from EBITDA o
Slide 11: Long Term Capacity Plans
Long Term … • 7,000 by 2026 on track and planning for significant additional capacity beyond 2026 • Leases application submitted in Australia with potential of up to 30,000 tonnes • In advanced discussions in Brunei to obtain additional land and ocean sites • Awarded research grant in Singapore to d
Slide 12: Outlook
Outlook • New reporting format from Q1 2022 with full capitalization model • Prices expected to be stable • Australia: Tonnage according to plan, slightly below last year due to biomass adjustment • Australia: 13 new lease sites submitted • Australia: $2m Grant for new Broome nursery • Australia: St
Slide 13: IPO and Investor Relations
IPO and Investor Relations • Successful IPO. The IPO in August 2021 raised NOK119m (equivalent to SGD18M) at a share issue price of NOK14.7O (SGD2.25) with the issue of 8.1m new ordinary shares. • Limited liquidity. Limited investor communication and liquidity after listing. • Measures. In 2022, inv
Slide 14: Financial Calendar
Financial Calendar 2022 financial calendar published on Euronext Webnews 2021 Full year results and business update 29 April 2022 Q1 2022 Results and business update 27 May 2022 Annual General Meeting 21 June 2022 Q2 2022 Results and business update 30 August 2022 Q3 2022 Results and business update
Slide 15: Why Ocean Barramundi?
Why Ocean Barramundi? Quality starts at the source. Seafood that is raised better, taste better. Full Year 2021 Financial Business and Financial Update 15
Slide 16: Thank You.
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