Slide 1: Arctic Fish Q2 2024 Presentation
Arctic Fish Q2 2024 Presentation 21 August 2024
Slide 2: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements This presentation is the managements summary of the 2nd quarter report, it includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forwa
Slide 3: Arctic Fish in brief
Arctic Fish in brief Arctic Fish (AFISH), listed at Euronext Growth market in Oslo, is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses c
Slide 4: Highlights Q2 2024
Highlights Q2 2024 ▪ Best first half of any year in the history of the YTD Q2 YTD Q2 (EUR '000) Q2 2024 Q2 2023 2023 2024 2023 company, both from an operational EBIT perspective as well as operational EBIT pr. Operational revenue and other 11.608 1.276 35.746 40.266 88.900 kg. income Operational EBI
Slide 5: Financials
Q2 2024 Presentation Financials
Slide 6: Profit and Loss
Profit and Loss (EUR '000) Q2 2024 Q2 2023 YTD Q2 2024 YTD Q2 2023 2023 Operational revenue and other 11.608 1.276 35.746 40.266 88.900 income Operational EBIT 2.324 -808 12.049 9.589 14.493 Net fair value adjustment of -4.363 4.238 -2.972 53 -412 Revenues amounted to 11.6 MEUR in the biomass, Licen
Slide 7: Financial Position
Financial Position At the end of the reporting period, total assets (EUR '000) 30.6.2024 31.3.2024 30.6.2023 31.12.2023 amounted to EUR 233.3 million, a decrease of EUR 3.1 million from the prior period (Q1’2024). Non-current assets 139.751 139.994 127.142 138.520 93.531 96.392 89.180 87.110 The Gro
Slide 8: Cash Flow and Net Interest-Bearing Debt
Cash Flow and Net Interest-Bearing Debt YTD Q2 YTD Q2 (EUR '000) Q2 2024 Q2 2023 2023 2024 2023 NIBD beginning of period* -112.339 -78.133 -114.289 -69.374 -69.374 Net interest-bearing debt has increased as a Operational EBITDA* 4.473 575 16.296 12.378 21.239 result of negative operational cash flow
Slide 9: Capital Expenditures
Capital Expenditures Investments in the quarter Planned capital expenditure going forward ▪ CAPEX was minimal in the quarter as was the intention. Actual Capital Expenditures (MEUR) Minor investments were made in farming and other Planned Capital Expenditures (MEUR) smaller production based equipmen
Slide 10: Volume Guidance
Volume Guidance ▪ In Q2 2024, the Company harvested 1.3 thousand tonnes (HOG), compared to 0.1 thousand tonnes in the same period last year. ▪ The company expects to maintain the volumes set forth in earlier forecasts. ▪ Long-term growth objective for the company is optimal utilization of the existi
Slide 11: Appendix
Q2 2024 Presentation Appendix
Slide 12: License Portfolio
License Portfolio The total production capacity for the company after the license update is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 13 farming areas in 6 different fjords, all located in the Westfjords of Iceland. Of the 29,800 tonnes, 27,000 tonnes are for fertile
Slide 13: Thank you
Q2 2024 Presentation Thank you