Barramundi Group Ltd. · OSL:BARRA
Barramundi — H1 2022 Earnings Presentation
14 slides from Barramundi's earnings presentation, Aug 30, 2022
Slide 1: 1H 2022 Report Presentation
1H 2022 Report Presentation BARRAMUNDI GROUP LTD 30 AUG 2022
Slide 2: Building an Asia Pacific aquaculture leader
Building an Asia Pacific aquaculture leader Barramundi Group builds a fully integrated aquaculture leader with a premium product in a high growth market Platform Operations Market Growth A scalable platform established in ‘05 Optimising farming operations Building a mass market Securing capacity for
Slide 3: Highlights 1H 2022
Highlights 1H 2022 • There was a reduction in sales tonnage from 1,012 tonnes in 1H 2021 to 930 tonnes in 1H 2022. 1H 2022 sales reached SGD 16.9 million, relatively similar to SGD 17.1 million in 1H 2021. • Net profit for 1H 2022 was -$12m • Application for 13 new sites submitted in Australia • $2m
Slide 4: 1H 2022 Profit and Loss (Unaudited)
1H 2022 Profit and Loss (Unaudited) • Revenue 1H 2022 of SGD 16.9 million (1H 2021 : SGD 17.1 million). Harvest volumes Actual Proforma Actual were up from 973 to 986 tonnes (WFE). 1H 2022 1H 2022 1H 2021 Unaudited Unaudited Unaudited $ $ $ • Change in accounting estimates from 1 January 2022 to the
Slide 5: 1H 2022 Balance Sheet (Unaudited)
1H 2022 Balance Sheet (Unaudited) • Total assets as at 30 June 2022 was SGD 89.0 million and shareholders’ equity was 30 Jun 2022 30 Jun 2021 Unaudited Unaudited SGD 39.6 million. $ $ ASSETS • In this half year, capex spending was made towards the Brunei site and a new vessel in Current assets Singa
Slide 6: 1H 2022 Cash Flow Statement (Unaudited)
1H 2022 Cash Flow Statement (Unaudited) YTD 30 June 2022 YTD 30 June 2021 • There was a net decrease of SGD 10.7 million in the cash position for this half year to Unaudited Unaudited SGD 17.7 million. A negative cashflow was caused by a combination of lower revenue, $ $ reduced harvest tonnage, inc
Slide 7: Key Financials & Highlights - Australia
1H 2022 Key Financials & Highlights- Australia • Net sales for Australia were reduced by SGD 1.5 million following reduced harvest tonnage of 82 tonnes. • Contractual volume commitments to Coles, in combination with lower harvest volume, changed the sales mix. • With a higher share of retail sales a
Slide 8: Key Financials & Highlights - Singapore
1H 2022 Key Financials & Highlights - Singapore • Net sales for 1H 2022 increased by SGD 0.3 million on the back of higher harvest volume. With the relaxation of Covid restrictions, there was an uplift in B2B sales to hotels and restaurants, resulting in net selling price being lowered from SGD 14.0
Slide 9: Operating Highlights – Brunei
1H 2022 Operating Highlights – Brunei • Water quality improvements in the RAS system have yielded excellent performance in Batch 5, with higher than expected survival rates. • Additional 876 hectares of sea leases signed to allow for another set of pens (additional 16) to be set up. Installation and
Slide 10: Key Financials & Highlights - Fassler
1H 2022 Key Financials & Highlights- Fassler • Fassler’s revenue increased by 18% to SGD 6.8 million in 1H 2022 with a more aggressive digital marketing strategy, joint promotions with an online shopping platform and increase in selling price for customers. Cost of raw materials (salmon and other ra
Slide 11: Outlook
Outlook • Barramundi prices are expected to be stable, gradual price increase for other processed fish • Harvest volume in 2022 expected to be similar to 2021 • Expected cost inflation, particularly feed • Process for funding of Australian expansion to commence in Q3 2022 1H 2022 REPORT 11
Slide 12: Financial Calendar
Financial Calendar Q3 2022 Business update 29 November 2022 2H 2022 Results 28 February 2023 2022 Full year results 28 April 2023 1H 2022 REPORT 12
Slide 13: Appendix: Alternative performance measures
Appendix Alternative performance measures Barramundi Group Ltd discloses alternative performance measures as a supplement to the financial statements prepared in accordance with IFRS. Such performance measures are commonly used by analysts, investors and other stakeholders to evaluate the performanc
Slide 14: Thank You
Thank You NS barramundi woe