Icelandic Salmon As · OSL:ISLAX

Icelandic Salmon As — Q4 2023 Earnings Presentation

11 slides from Icelandic Salmon As's earnings presentation, 2024

  1. Slide 1: Q4 2023 Summary Presentation

    Q4 2023 SUMMARY PRESENTATION

  2. Slide 2: This is Icelandic Salmon

    THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Euronext Growth market in Oslo, and Harvesting plant Four smolt facilities, NASDAQ First North in Reykjavik. in Bíldudalur. Current capacity The company is the sole owner and of 7-8 million smolt, BRCGS* certified parent company of Arnarl

  3. Slide 3: High Volume in the Quarter

    HIGH VOLUME IN THE QUARTER Q4 SUMMARY Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.)  Quarterly harvest volume of 7,219 tonnes compared to Q4- 7,2 2,79 22 at 6,008 tonnes 6,0 6,6 — Started harvest of spring 2022 generation in Q4 4,0 1,55 — The high Q4 harvest level also a result of reporte

  4. Slide 4: Operational Update

    OPERATIONAL UPDATE STRATEGIC UPDATE Status • Biological challenges in H2-2023 affecting 2024 cost and volumes • Continued good demand in the market • Smolt output in 2023 went well • Strong biological performance on spring 2022 generation, to be harvested out in Q3 2024 SUSTAINABILITY – IT’S IN OUR

  5. Slide 5: Sales & Marketing Update

    5 SALES & MARKETING UPDATE STRATEGIC UPDATE TRANSPORTATION SPLIT STRONG INTEREST FOR TO NORTH AMERICA ICELANDIC SALMON Working closely with more companies across North America 18% and Europe 16% 18% Volume to US is lower compared 29% 11% to Q4 2022, as exports to Europe 17% 20% and Asia were given p

  6. Slide 6: Group Balance

    GROUP BALANCE FINANCIAL HIGHLIGHTS Assets Liabilities (EUR million) (EUR million) 95 KEY ITEMS FOR FOURTH QUARTER 2023 257 85 238  Total assets decreased by 19 million in the period 23 120 97 — Driven by decrease of biological assets at fair value and 86 continuing investments 62 137 141  Decrease

  7. Slide 7: NIBD Q4 2023

    NIBD Q4 2023 NET INTEREST-BEARING DEBT  Minor changes on net interest-bearing debts incl. leasing balance during the quarter  Change in working capital EUR 5.8 million. — Reduction of biological assets at cost value after harvest towards end of year.  Net investments at EUR 6.7 million in the qua

  8. Slide 8: License Status for Sea-Water

    LICENSE STATUS FOR SEA-WATER STRATEGIC UPDATE Arnarlax currently holds licenses of 23,700 tonnes MAB in the Icelandic Westfjords (Arnarfjörður, Patreksfjörður and Tálknafjörður) APPLICATIONS 10,000 tonnes MAB in Ísafjörður 4,500 tonnes MAB in Arnarfjörður 2 new sites in Arnarfjörður License was give

  9. Slide 9: New Aquaculture Strategy Presented by Ministry of Fisheries

    NEW AQUACULTURE STRATEGY PRESENTED BY MINISTRY OF FISHERIES MINISTRY OF FOOD, AGRICULTURE AND FISHERIES STRATEGY AND LAWS Ministry presented its proposal for new law in December 2023 Arnarlax provided comments and suggestion in the hearing process which ended on January 15 2024, together with SFS Po

  10. Slide 10: Outlook

    OUTLOOK GUIDANCE FOR HARVEST VOLUME IN 2024 IS 15.000 TONNES Experiencing good demand for Sustainable Icelandic Salmon Guidance for harvest volume in 2024 is 15,000 tonnes 2025 volumes and growth potential unaffected by biological challenges in Q4 2023 Contract share is expected to be 15% in Q1, and

  11. Slide 11: Strandgata 1 465 Bíldudalur Iceland

    Strandgata 1 Iceland arnarlax.is 465 Bíldudalur (354) 456 0100 arnarlax@arnarlax.is

Icelandic Salmon AS — Q4 2023 Earnings Presentation on 6ix