Proximar Seafood As · OSL:PROXI
Proximar Seafood As — H2 2021 Earnings Presentation
21 slides from Proximar Seafood As's earnings presentation, Mar 30, 2022
Slide 1: Company Presentation: 2nd half and full year 2021 reporting
Company Presentation 2nd half and full year 2021 reporting 30.3.2022 PRIVATE AND CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward-looking information and statements. Such forward-looking information and statements are based on the current, estimates and projections of Proximar Seafood AS (“the Company”) or assumptions based on information currently available to the Company.
Slide 3: Proximar Seafood's vision
Proximar Seafood’s vision Company Presentation “Our vision is to be a leading provider of sustainably produced seafood and contribute to feed a growing population with proteins.”
Slide 4: Proximar is well positioned to take advantage of the cost advantage of local production
Proximar is well positioned to take advantage of the substantial cost advantage of local production, while contributing to reduced CO2-emissions and Japan’s self sufficiency of seafood Facility Sustainable business model Financial figures In mNOK 2021 FY 2021 2H 2021 1H 2020 FY Equity 390,4 390,4 39
Slide 5: Proximar has experienced positive development on important matters in 2021
Proximar has experienced positive development on important matters in 2021 The Japanese market for Atlantic The construction is progressing Salmon even more attractive, with high according to time and cost with more prices and increased consumption, than 95% of CAPEX fixed reaffirming Proximar’s out
Slide 6: The construction is progressing according to time and cost with more than 95% of CAPEX fixed
The construction is progressing according to time and cost with more than 95% of CAPEX fixed Construction First harvest initiated (Q2 2024) 2020 2021 2022 2023 2024 Construction Construction period1 (~28 months) highlights 2021: Engineering completed Site preparations Hatchery construction Signing o
Slide 7: Finishing the structural works on PSG, interior works ongoing in Hatchery and Nursery
We are currently finishing the structural works on PSG, interior works ongoing in the Hatchery and Nursery building Company Presentation 7
Slide 8: Secured equity, obtained Japanese debt and working on further financing
Secured equity, obtained Japanese debt and working on a number of different alternatives for further financing Financing Raised capital Remaining capital requirement highlights 2021: Equity: Company Presentation • The loan from JA Mitsui Leasing has sent a positive signal Raised NOK 400 mill. • In J
Slide 9: Organization significantly strengthened and key employees in place
Organization significantly strengthened and key employees with relevant experience in place for successful operational start-up Organizational Organization highlights 2021: Strengthened our team in all levels, including administration, Company Presentation project and construction management, operat
Slide 10: The Japanese market for Atlantic Salmon even more attractive
The Japanese market for Atlantic Salmon even more attractive, with high prices and increased consumption, reaffirming Proximar’s outlook Volume - import of Atlantic salmon by type Price development Toyosu market Market Figures 1,000 metric tons1) Figures in NOK/kg1) highlights 2021: 65 66 58 59 58 5
Slide 11: The technology by AquaMaof has proved its functionality for another year
The technology by AquaMaof has proved its functionality for farming Atlantic salmon for another year Technological Presentaton highlights 2021: Presentation Another year passed Company Company showing stable production and harvest of Atlantic Salmon harvesting at Aqua Maof’s facility in Poland
Slide 12: AquaMaof's Atlantic salmon facility in Poland
The technology by AquaMaof has proved its functionality for farming Atlantic salmon for another year Aqua Maof’s Atlantic salmon facility in Poland • We continue to see strong and supportive performance from the similar facility Technological Presentaton owned and operated by AquaMaof in Poland high
Slide 13: We are green in everything we do
We are «green» in everything we do and have received external opinions confirming this Proximar has a «green» business model… …and has received certification confirming this ESG The Carbon Footprint in Proximar’s supply • In April, Proximar received Cicero’s Dark Green shading as highlights 2021: ch
Slide 14: Financial highlights
Financial highlights (see appendix/Annual Report for details) Results: Balance: • First fish will be sold in 2024 and the company is not • Cash balance of MNOK 77 by the end of 2021 involved in other revenue generating activities Company Presentation • Assets under construction is according to fixed
Slide 15: Financial highlights (P&L and balance sheet)
Financial highlights (see appendix for details) P&L H2 2021 Balance sheet 31.12.2021 Revenue and other Assets under construction 384 839 income - Operating expenses - 4 279 Property, plant and equipment 1 457 Net financials - 1 301 Long term receivables 24 807 Company Presentation Net result for the
Slide 16: Summary
Summary The construction is progressing according to time and cost with more than 95% of CAPEX fixed The Japanese market for Atlantic Salmon even more attractive, with high prices and increased consumption, reaffirming Proximar’s outlook Company Presentation The technology by AquaMaof has proved its
Slide 17: For more information, please contact
For more information, please contact: Company Presentation CEO CFO/IR: Joachim Nielsen Pål K. Grimsrud, +47 928 55 559 +47 994 77 599, jn@proximar.com pkg@proximar.com
Slide 18: Appendix: Financial figures – P&L 2021
Appendix: Financial figures – P&L 2021 Company Presentation
Slide 19: Appendix: Financial figures – Cash flow 2021
Appendix: Financial figures – Cash flow 2021 Company Presentation
Slide 20: Appendix: Financial figures – Balance sheet as of 31.12.2021
Appendix: Financial figures – Balance sheet as of 31.12.2021 Company Presentation
Slide 21: Appendix: Our ESG advantage
Appendix: Our ESG advantage Proximar’s business model puts sustainability at centre The Carbon Footprint in Increases local food supply and Efficient production through low Proximar’s supply chain is food security through sustainable feed conversion rate, and reducing significantly lower than the cu