Atlantic Sapphire Asa · OSL:ASA
Atlantic Sapphire Asa — Q4 2022 Earnings Presentation
13 slides from Atlantic Sapphire Asa's earnings presentation, Apr 20, 2023
Slide 1: 2022 Annual & ESG Report Update
2022 Annual & ESG Report Update April 20, 2023
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION This presentation (the "Presentation") has been produced by Atlantic Sapphire ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. This Presen
Slide 3: Commissioned Phase 1 Facility and Phase 2 Under Construction
Commissioned Phase 1 Facility and Phase 2 Under Construction Atlantic Sapphire today Facility aerial view (February 2023) ✓ Listed on the Oslo Stock Exchange - fully focused on the US ✓ Unique and patented water intake and discharge capabilities ✓ Significant investments into construction of Phase 1
Slide 4: Operational Highlights
Operational Highlights Upgrades in focus in Q4 2022 and Q1 2023 Biomass gain1 development ▪ As discussed, production was negatively impacted by 1600 higher-than-normal mortality 1400 ▪ Focus has been on heavy infrastructure upgrades and operational improvements, requiring feeding and 1200 production
Slide 5: Significant Upside on Price Achievement
Significant Upside on Price Achievement Higher premium share expected with larger fish sizes US price achievement – premium fish (superior, ~3kg+) and fresh average – USD/kg RTF1 ▪ New customers including a leading, high-end sushi distributor, verifying strong demand and premium quality Bluehouse pr
Slide 6: 2022 ESG Report
2022 ESG Report Atlantic Sapphire Is Constantly Evaluating What Topics Are Most Material To The Business 6|
Slide 7: Highlights of the ESG Report
Highlights of the ESG Report Selected milestones achieved in 2022 ▪ Scope 1 & 2 GHG emissions ▪ Reported based on management and supplier estimates for 2022 ▪ Commitment to include Scope 3 reporting in 2023 report ▪ Transition to renewal energy ▪ Engaged with Florida Power and Light to plan transiti
Slide 8: 2022 Financial Statements: Consolidated Statement of Operations
2022 Financial Statements 2022 Consolidated Statement of Operations ▪ Total US harvest volume of 2,253t HOG in 2022, up 26% from 1,788t HOG in 2021 ▪ Indirect production costs expensed through cost of materials for underutilized capacity flat Y/Y at ~USD 16m ▪ ~USD 2m in extraordinary temporary labo
Slide 9: 2022 Financial Statements: Consolidated Statements of Financial Position
2022 Financial Statements 2022 Consolidated Statements of Financial Position ▪ Total 2022 capital expenditures of USD 52.4m ▪ Largely tied to US Phase 2 construction ▪ ~USD 91m invested in Phase 2 at year-end 2022 ▪ Group equity ended 2022 at USD 296.4m, up from USD 239.6m at year-end 2021 ▪ NIBD as
Slide 10: 2022 Key Financials by Segment
2022 Financial Statements 2022 Key Financials by Segment All Focus Is On The US 10 |
Slide 11: Phase 2 Status
Phase 2 Status Phase 2 capex status as of December 31, 2022 Phase 2 aerial view (February 2023) ▪ Phase 2 is estimated to take the total run-rate production volume to 25,000t HOG annually ▪ ~USD 91m1 invested, cash conservation currently in focus ▪ Max. USD 10m in additional capex planned to be inve
Slide 12: Atlantic Sapphire is at an Inflection Point
Atlantic Sapphire is at an Inflection Point Significant infrastructure improvements, including major biofilter upgrades and new water chiller system to 1 ensure safe production environment 2 Collaboration agreement with Nordlaks, one of Norway’s most profitable salmon farmers 3 USD 55m equity raise
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