Murray Cod Australia Limited · ASX:MCA
Murray Cod Australia — FY2024 Earnings Presentation
18 slides from Murray Cod Australia's earnings presentation, Aug 30, 2024
Slide 1: 2024 Annual Results Summary
MURRAY COD AUSTRALIA LIMITED 2024 Annual Results Summary Life tastes better our way ASX code: MCA
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Murray Cod Australia Limited (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentatio
Slide 3: FY24 Production Highlights
FY24 PRODUCTION HIGHLIGHTS • All time high biomass in FY24 at 1,073 tonnes. • Biomass has grown to ~5.1 million fish in stock* • Grow-out numbers increased to ~2.1 million* • Juvenile numbers increased to ~3.0 million.* • Scale up of production to 78 nursery and grow-out ponds, including: • 15 new g
Slide 4: FY2024 Production Highlights
FY2024 PRODUCTION HIGHLIGHTS • Grow-out biomass has increased by 77% • Sales availability of larger fish steadily increasing • Market acceptance of small fish increasing • Export sales growing from a small base • Average sale price per kg increased by 9% to $27.08 • 15 ponds at new development site
Slide 5: FY24 Business Highlights
FY24 BUSINESS HIGHLIGHTS • Successful $20 million iPartners financing facility. • Wholly owned MCA entity, Australian Sustainable Protein Fund (the “ASPF”), acquired new development site Stanbridge. • Appointment of new Chair, Brett Paton (on 6 March 2024) • Successful $20.4 million equity capital r
Slide 6: FY24 Financial Position
FY24 FINANCIAL POSITION % Increase / Decrease • Cash in Bank - $20.75 million. 2024 Financial Year 2023 Financial v’s PCP • Upon completion of Stanbridge, land and water valued at circa Total Revenue* $30.64M $25.11M + 22% $59.0 million. Tonnes Harvested 353t 430t [-18]% • Revenue including gain on
Slide 7: FY24 Financial Performance
FY24 FINANCIAL PERFORMANCE FY24 Revenue Impact FY25 Revenue Outlook • Revenue and biological assets has increased to $30.6 million in • Steady and managed increase in the volume of larger grade fish FY24 up 22%. (2.5kg +) available for sale to markets, with a priority on existing restaurant • Grow-o
Slide 8: Biomass Growth Continues
BIOMASS GROWTH CONTINUES MCA’s strategy of managing larger fish via allocation to build numbers of fish in larger grades is beginning to show positive results with: • Increasing average fish size in our biomass is correlating with an increase in average price received per kg. • Large fish prices in
Slide 9: Stanbridge Construction Progress
STANBRIDGE CONSTRUCTION PROGRESS* Number of Electrical Stocked with Cell Number Earthworks Plumbing Ponds Cabling fish? • Stanbridge expected to be completed in 1 15 Complete Complete Complete Yes FY25. 2 13 Complete Complete Complete^ No • Stanbridge expected to be fully stocked Nearing in FY26. 3
Slide 10: Selective Breeding Program with CSIRO
Selective Breeding Program with CSIRO The program commenced in 2021 based on modern selective breeding approaches. Primary objective of program - identify fish that exhibit the desired traits MCA wish to develop which include: • Faster Growth and improved feed conversion • Better Health • Higher Fle
Slide 11: Creating a Competitive Advantage
CREATING A COMPETITIVE ADVANTAGE Benefits to MCA • Looking to introduce the Aquna “breed” of Murray cod. Our own exclusive Intellectual Property. • Improve quality factors that can positively impact buyer’s purchasing decisions through product differentiation. • Qualities which the buyer identifies
Slide 12: Larval Weaning to Improve Production
LARVAL WEANING TO IMPROVE PRODUCTION • FY24 saw the MCA Larval weaning method expanded across 60% of spawning's as compared to 20% in 2022 spawning season. • The benefit of this new method is it requires a significantly smaller footprint than traditional methods. • Larval weaning significantly incre
Slide 13: Hatchery Upgrades for 2024 Spawning Season
HATCHERY UPGRADES FOR 2024 SPAWNING SEASON MCA is currently upgrading our hatcheries at Silverwater and Euberta in preparation for the upcoming spawning season. Silverwater broodstock ponds were enlarged, enabling an additional 750 broodstock to be added to the hatchery. MCA is currently building a
Slide 14: Sale and Leaseback
SALE AND LEASEBACK • Stanbridge site is owned by Australian Sustainable Protein Fund (ASPF) via subsidiary ASPF Land Fund and a wholly owned subsidiary of MCA • MCA has appointed the agribusiness transaction team at LAWD and Blackpeak Capital to undertake the process of marketing MCA properties for
Slide 15: Aquna Gold Caviar
AQUNA GOLD CAVIAR Aquna Gold successfully launched in FY24 providing consumers with a truly unique luxury product. The availability of source is limited: • Adult female Murray cod, weighing 4kg+ • Egg formation occurs during spawning period, a time frame of approx. 2- months. We are currently holdin
Slide 16: Restocking Program
RESTOCKING PROGRAM • MCA continues to ensure the preservation of Australia’s native fish by participating in native fish restocking programs throughout the Murray-Darling Basin, In FY24 we released: • 510,200 Murray cod fingerlings, • 208,000 silver perch fingerlings, and • 1,082,000 golden perch fi
Slide 17: What We Believe In
WHAT WE BELIEVE IN aquna.com 17 All figures included in this presentation are unaudited in respect of the year ended 2023
Slide 18: 2-4 Lasscock Road, Griffith NSW 2680
Murray Cod Australia Limited 2 – 4 Lasscock Road, Griffith NSW 2680 Email: info@aquna.com Phone:+61 2 6962 5470 Website: www.aquna.com