Kaldvik As · OSL:KLDVK

Kaldvik As — Ice Fish Farm AS — Q2 2023 Earnings Presentation

10 slides from Kaldvik As's earnings presentation, Aug 30, 2023

  1. Slide 1: Ice Fish Farm AS Second quarter 2023 results

    Ice Fish Farm AS Second quarter 2023 results 30. August 2023 Guðmundur Gíslason, CEO Róbert Róbertsson, CFO PRIVATE & CONFIDENTIAL

  2. Slide 2: Q2 Highlights

    Q2 HIGHLIGTS Harvest will start in Q3 as planned. Gen. 2022; 5.4 million fish at Sea and biggest fish is 4,0 kg end of June 2023. Gen 2023; Planned release 5,4 million smolt, survival rate better than ever so far Operational EBIT of NOKm -23.6 as expected. Subsequent offering successfully sold out.

  3. Slide 3: Q2 2023 Results

    Q2 2023 Results Revenue Group (NOK’m) Harvested volume HOG (tonnes) Harvest will resume in Q3 2023. 242,6 3.829 No harvesting in the first two quarters of 2023. - Harvesting is expected to 87,1 58,0 - 1.117 resume in Q3 2023. 20,6 Q2 2023 Q2 2022 YTD 2023 YTD 2022 Q2 2023 Q2 2022 YTD 2023 YTD 2022 R

  4. Slide 4: Financial summary

    Financial summary Equity Assets NOKm Equity ratio Strong balance sheet with equity 70,4% 70,4% ratio of 70.4%. 4.797 4.647 61,9% 58,0% 3.683 3.759 Assets Main changes are related to build up of biological assets. Biological assets amounted to 30.6.2023 31.3.2023 31.12.2022 30.6.2022 NOKm 810 in Q2 c

  5. Slide 5: Refinancing of the Company and Subsequent offering

    Refinancing of the Company and Subsequent offering Loan Agreements The initial drawdown on the New Financing was done in Q2 2023. New financing in place. Total bank facility of EURM 156.2. Net loans from the bank syndicate of EURm 71.7. Subsequent offering A subsequent offering of 1,810,536 new shar

  6. Slide 6: Operational Performance Land in Q2

    Operational Performance Land in Q2 Smolt production 2023 Land Production improvements Transfer from smolt stations to sea has been Investments on Land next 18 months: improved from last year. Land South: Smolt release in 2023 is estimated to reach New house in Bakki with new vaccination around 5,4M

  7. Slide 7: Operational Performance Sea in Q2

    Operational Performance Sea in Q2 Sea farming Q2 2023 Outlook Farming 6.8 million fish in sea and 8 200 tonnes Second half is the Best Growth Season in at end of Q2 2023. Iceland Biggest groups have reached over 4.0 kg Main operational challenges in H2 after only 13 months in sea. Jellyfish Currents

  8. Slide 8: Operational Performance Harvesting and Sales

    Operational Performance Harvesting and Sales Harvesting Our harvesting station Búlandstindur is being updated during the harvesting break. More capacity and increased level of security. Secure quality and improve further shelf lifetime. Sales Contracts for sales in Q3 2023 through Q1 2024 Already se

  9. Slide 9: Outlook

    Outlook Market Good opportunity globally for premium salmon Future Growth Target to contract 50% of our Focus is on improving quality volume to premium customers and performance of the operations 10 000 tonnes license pending in Harvest outlook application Harvest in 2023 ~6 000 tonnes Harvest in 20

  10. Slide 10: PRIVATE & CONFIDENTIAL

    . PREMIUM Bt ICELAND : OMEGA 100% © PROTEIN + QUALITY |; 6 Nowones RICH 10

Ice Fish Farm AS — Q2 2023 Earnings Presentation on 6ix