Slide 1: Q3 Webcast
Q3 Webcast November 10th 2022
Slide 2: Agenda
1. Highlights Agenda 2. Production 3. Market 4. Feed center 5. Organisation 6. Havlandet Norcod 7. Financials 8. Q&A
Slide 3: Highlights
Highlights • Finalized stocking of the 2022 generation • Second harvest period started October 10th • Preparing new production site Labukta • Financing deal with DNB negotiated in Q3, finalized in October • No sales in Q3. • NOK 96 million production of biomass
Slide 4: Production
Production Production sites Total MAB 17,250 t (including cooperation partner) 1 Jamnungen ID 26535 4 Skogsøya ID 25315 MAB 3,600 t MAB 1,560 t Start of sea phase 2022 Start of sea phase 2021 Harvest cycle 2023/24 Harvest cycle 2022/23 2 Forså ID 45098 (cooperation with 5 Pålskjæra ID 26835 Kime Akv
Slide 5: Market
Market • Very good demand from top tier customers • Customers from last cycle clearly see the benefit in having access to high quality Cod 12 month a year • In general a very strong Atlantic Cod market and we don’t see any drastic changes as availability of Atlantic Cod is reduced due to quota cuts
Slide 6: Feed center
Feed center • Centralizing our feeding operations in downtown Trondheim to focus expertise in one location • Uniform methodology across all sites • Due to location we have access to very experienced specialist • Full control over feeding strategy and development • Centralized experience and data col
Slide 7: Organisation
Organisation • Still expanding our organisation on key positions • Organisation is build with a focus on a large scale production • Expanding leadership team with new CFO • Technical controller to handling our growing equipment and maintanance needs • Quality controller to ensure all procedures are
Slide 8: Havlandet Norcod
Havlandet Norcod • The new Havlandet Norcod fry facility went into operations in July 2022 as scheduled • The facility is the world largest Cod fry facility and can produce easily 24 mill fry a year which gives 100.000mt of harvest ready cod • First batch of fry has successfully been hatched and Nor
Slide 9: Q3 financials
Q3 financials • No harvest in quarter • Fair value adjustment 3.8 • Negative cashflow • Income tax credit
Slide 10: Q3 financials
Q3 financials • Biological assets 321.6 • Increase (QoQ) 96.3 • DNB • Havlandet Norcod fully operational
Slide 11: Q3 financials
Q3 financials Name Holding Stake _Rank . . Artha-Norcod III A/S 3872 500 20,15 % 1 Closing stock prices Artha Norcod A/S 3287712 17,11% 2 100 SIRENA GROUP AS 3.122 708 16,25 % 3 The Bank of New York Mellon 80 SA/NV 2177919 11,33 % 4 RONJA CAPITAL II AS 1421428 740% 5 60 Danske Bank A/S 696 189 3,62%
Slide 12: Q&A Questions?
Q&A Questions?
Slide 13: 13
13