Akva Group Asa · OSL:AKVA
Akva Group Asa — Shareholder Meeting (May 2019)
34 slides from Akva Group Asa's shareholder meeting presentation, May 9, 2019
Slide 1: Annual General Meeting
Annual General Meeting AKVA group ASA Egersund, 9th May 2019
Slide 2: 1. Opening of the annual general meeting
1. Opening of the annual general meeting by the Chairman of the Board and registration of shareholders present Technology for sustainable biology
Slide 3: 2. Election of chair of the meeting and co-signer of minutes
2. Election of chair of the meeting and a person to co-sign the minutes along with the meeting chair Technology for sustainable biology
Slide 4: 3. Approval of the notice to the meeting and the agenda
3. Approval of the notice to the meeting and the agenda Technology for sustainable biology
Slide 5: 4. Ordinary agenda items
4. Ordinary agenda items 4.1. Presentation of business activities by Group chief executive Hallvard Muri Technology for sustainable biology
Slide 6: Presentation of Business Activities
Presentation of Business Activities Annual General Meeting AKVA group ASA Egersund, 9th May 2019 Hallvard Muri
Slide 7: Highlights 2018
Highlights 2018 • Revenue in 2018 of MNOK 2.579 – a 24% increase from 2017 • EBITDA in 2018 of MNOK 238 – a 2% decrease from 2017 • Net profit in 2018 of MNOK 89 – a 11% decrease from 2017 • Dividend of 1.50 NOK per share paid out in 2018 • Order inflow of MNOK 2.555 in 2018 and order backlog end of
Slide 8: Operational leverage and profitable growth
Operational leverage and profitable growth Revenue EBITDA EPS +81% +76% +44% 2 579 240 238 3,86 2 088 3,17 1 603 144 2,20 1 425 135 1,06 2015 2016 2017 2018 2015 2016 2017 2018 2015 2016 2017 2018 Technology for sustainable biology
Slide 9: High activity across all regions
High activity across all regions Order intake Order backlog +63% +109% 2 471 2 555 1 381 1 356 1 952 998 1 570 649 2015 2016 2017 2018 2015 2016 2017 2018 Technology for sustainable biology
Slide 10: Our presence
Our presence AKVA group’s geographical regions Income distribution Q4 2018 25%(23%) 14%(19%) 61%(58%) Nordic Americas EME Nordic AKVA group EME Agents and Distributors Americas
Slide 11: Solutions
Solutions Cage Based Technology Land Based Technology Software
Slide 12: CAPEX Based Revenue / OPEX Based Revenue
CAPEX Based Revenue OPEX Based Revenue Technology for sustainable biology
Slide 13: Group Strategy
Group Strategy Focused growth and Operational expansion excellence Increased international focus Improvement programs within sourcing, Land based post smolt logistics and manufacturing Expand services and OPEX based Streamline project execution and service business delivery Product portfolio add-ons
Slide 14: Atlantis Subsea Farming: Underwater feeding, submerge and raise the cage
1. Atlantis Subsea Farming AS applied for 6 development licenses the 29th of January 2016 2. The Norwegian Directorate of Fisheries have informed the company that the company’s concept has progressed another step further in the process to get awarded development licenses. 3. The Directorate will go
Slide 15: Outlook – AKVA group
Outlook – AKVA group • Developing digitalization strategy, upgrading software platform and control systems. Management resources strengthened • New product development well under way; cage system, and feeding • Egersund Net integration developing well – cages, nets and mooring (total) solutions sold
Slide 16: AKVAcRovur
AKVAcRovur
Slide 17: 4.2 Approval of the 2018 annual accounts
4. Ordinary agenda items contd. 4.2 Approval of the 2018 annual accounts of AKVA group ASA and the Group, and the board's annual report The board proposes that the general meeting passes the following resolution: “The General Meeting resolved to approve the annual accounts for 2018 for AKVA group AS
Slide 18: Group P&L 2018
Group Note 2018 2017 OPERATING REVENUES Revenues 2 566 760 2 073 241 Group P&L 2018 Other income Total revenues 2,17,21 12 713 2 579 473 14 669 2 087 910 (Amounts in NOK 1 000) OPERATING EXPENSES Cost of materials 10,21 1 516 675 1 196 268 Payroll expenses 3,4 638 190 496 121 Other operating expense
Slide 19: Group balance 2018
Group Note 2018 2017 NON-CURRENT ASSETS Deferred tax asset 5 15 970 13 479 Group balance 2018 (Amounts in NOK 1 000) Intangible assets and goodwill Goodw ill 7 834 502 435 646 Other intangible assets 7 202 980 146 455 Total intangible assets and goodw ill 1 037 482 582 101 Tangible fixed assets Land
Slide 20: Group balance 2018 (equity and liabilities)
Group Note 2018 2017 EQUITY Group balance 2018 Equity attributable to equity holders of (Amounts in NOK 1 000) AKVA group ASA 1 062 423 499 907 Non-controlling interests 184 518 Total equity 13,19,22,23 1 062 607 500 425 LIABILITIES Non-current liabilitites Deferred tax liabilities 5 85 114 57 499 L
Slide 21: Summary parent company 2018
Summary parent company 2018 (Amounts in NOK 1 000) AKVA group ASA Income statement 01.01. - 31.12. (in NOK 1 000) NET (LOSS)/PROFIT AND COMPREHENSIVE (LOSS)/PROFIT FOR THE YEAR 7 819 33 279 ALLOCATION OF PROFIT FOR THE YEAR Transferred to other equity 7 819 33 279 Dividends paid 22 -44 334 -32 272 N
Slide 22: 4.3 Determination of Board members' remuneration
4. Ordinary agenda items contd. 4.3 Determination of Board members’ remuneration In accordance with the proposal from the Nomination Committee, the board proposes that the general meeting passes the following resolution remuneration to the Board of Directors shall be: • Chairman of the board: NOK 32
Slide 23: 4.4 Determination of Nomination Committee members' remuneration
4. Ordinary agenda items contd. 4.4 Determination of Nomination Committee members’ remuneration In accordance with the proposal from the Nomination Committee, the board proposes that the general meeting passes the following resolution: The Nomination Committee members’ remuneration shall be set at:
Slide 24: 4.5 Approval of auditors' fees
4. Ordinary agenda items contd. 4.5 Approval of auditors’ fees The board proposes that the general meeting passes the following resolution: "The General Meeting approves the auditor's fees of NOK 587.408 for the 2018 accounting year." Technology for sustainable biology
Slide 25: 4.6 Advisory vote on remuneration guidelines for leading employees
4. Ordinary agenda items contd. 4.6 Advisory vote on the board’s guidelines for the remuneration of leading employees The board proposes that the general meeting passes the following resolution: "The General Meeting endorses item 2 of the board's statement on the determination of salary and other re
Slide 26: 4.7 Approval of share-linked incentive guidelines
4. Ordinary agenda items contd. 4.7 Approval of the board's guidelines for share-linked incentive arrangements for leading employees The board proposes that the general meeting passes the following resolution: "The General Meeting approves item 3 of the board's statement on the determination of sala
Slide 27: 4.8 Statement on corporate governance
4. Ordinary agenda items contd. 4.8 Consideration of the board’s statement on corporate governance in accordance with the Norwegian Accounting Act section 3-3 b The board proposes that the general meeting passes the following resolution: "The General Meeting endorses the board's statement on corpora
Slide 28: 4.9 Election of board members
4. Ordinary agenda items contd. 4.9 Election of board members In accordance with the proposal from the Nomination Committee, the board proposes that the general meeting passes the following resolution: The following are elected as members of the board: Ms. Anne Breiby Mr. Hans Kristian Mong Ms. Kris
Slide 29: 4.10 Election of Nomination Committee members
4. Ordinary agenda items contd. 4.10 Election of Nomination Committee members In accordance with the proposal from the Nomination Committee, the board proposes that the general meeting passes the following resolution: The Nomination Committee shall consist of: Mr. Eivind Helland, Chair (elected to 2
Slide 30: 5. Authorization to increase the share capital
5. Authorization to increase the share capital The board proposes that the general meeting passes the following resolution: "The board is authorized to increase the company’s share capital by up to NOK 3,333,430, through subscription of new shares. The authorization does not authorize the board to w
Slide 31: 6. Authorization to purchase own shares
6. Authorization to purchase own shares The board proposes that the general meeting passes the following resolution: "The board is, pursuant to Section 9-2 to 9-4 of the Public Limited Liability Companies Act, authorized to purchase and hold shares in the Company. The shares to be acquired under thi
Slide 32: 7. Authorisation to the Board to approve the distribution of dividends
7. Authorisation to the Board to approve the distribution of dividends The board proposes that the general meeting passes the following resolution: "The board of directors are authorized pursuant to the Public Limited Liability Companies Act § 8-2(2) to approve the distribution of dividends based on
Slide 33: Technology for sustainable biology
Technology for sustainable biology
Slide 34: AKVAcRovur
AKVAcRovur