Mowi Asa · OSL:MOWI
Mowi Asa — North Atlantic Seafood Forum 2021
16 slides from Mowi Asa's conference presentation, Jun 10, 2021
Slide 1: NASF 2021
NASF 2021 Bergen, Norway 10 June 2021
Slide 2: Forward looking statements
Forward looking statements This presentation may be deemed to include forward-looking statements, such as statements that relate to Mowi’s contracted volumes, goals and strategies, including strategic focus areas, salmon prices, ability to increase or vary harvest volume, production capacity, expect
Slide 3: Mowi in brief
Mowi in brief One of the world’s leading seafood companies The world’s largest producer of Atlantic salmon, (#1 measured by market capitalisation) 440,000 GWT in 2020 (~2.5 billion meals per year) #1 on sustainability (Coller FAIRR) Listed on Oslo Stock Exchange Fully integrated value chain HQ in Be
Slide 4: Mowi – Leading the Blue Revolution
Mowi – Leading the Blue Revolution 2020 harvest volumes (1,000 GWT) Global 500 volumes of 2.5 million GWT 440 400 300 Harvest volume salmonids (GWT) 200 100 0 Mowi A B C D E F G H I J K L M N O P Q R S Source: Kontali Analyse Page 4 Note: Harvest volumes in Gutted Weight Tonnes (GWT), Atlantic salmo
Slide 5: Fully integrated value chain
Fully integrated value chain Products & Feed Breeding Smolt Farming Harvesting Processing Customer Feed Farming Consumer Products #4 #1 #1 540k tonnes 440k GWT 239k tonnes Page 5 Note: Farming volumes in Gutted Weight Tonnes (GWT), Consumer Products volumes in product weight
Slide 6: Feed production of 540,000 tonnes in 2020 – Self-sufficient in Europe
Feed production of 540,000 tonnes in 2020 – Self-sufficient in Europe Total production capacity of 640,000 Valsneset, Norway tonnes 400,000 tonnes capacity Opened 2014 Kyleakin, Scotland 240,000 tonnes capacity Opened 2019 Page 6
Slide 7: Farming harvest volumes of 440,000 GWT in 2020
Farming harvest volumes of 440,000 GWT in 2020 Harvest volumes in GWT Canada Ireland Faroes Norway Scotland 44,000 8,000 9,000 262,000 53,000 Harvest volumes Chile 65,000 Page 7
Slide 8: Sales & Marketing – Consumer Products volumes of 239,000 tonnes in 2020
Sales & Marketing – Consumer Products volumes of 239,000 tonnes in 2020 21 Secondary processing plants Europe 28 Sales offices 180,000 tonnes Germany Poland Norway France Netherlands Faroes Spain Belgium Ireland Consumer Italy Czech Sweden Products volumes sold Scotland Turkey Asia 30,000 tonnes Chi
Slide 9: Megatrends drive demand…
Megatrends drive demand… Demand for salmon expected to exceed supply growth in the next 5 years Population Exploited growth Health resources Climate Growing middle Aging change/Resouce class population efficiency Page 9
Slide 10: …and so does a very strong product
…and so does a very strong product • Scientifically proven natural superfood – Nutritionally dense and great for one’s health (omega-3, vitamins, protein, potassium, antioxidants) • Top appetising taste, look, texture and colour • Versatile for traditional and evolving food occasions – Raw, grilled,
Slide 11: Demand expected to exceed supply for the next 5 years
Demand expected to exceed supply for the next 5 years 8% 6% 4% 3% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021e 2022e 2023e 2024e 2025e Demand growth avg (2010-2020) Supply growth avg (2010-2020) Supply growth avg (2020-2025e) Demand growth p.a. Supply growth p.a. Page 11
Slide 12: Mowi Farming working along three main pillars
Mowi Farming working along three main pillars Mowi Farming Volume Cost Sustainability Lagging behind on growth ✓ #1-2 relative cost position ✓ #1 on sustainability, must improve further • 2014-2020 CAGR: • However, too high in absolute • #1 Coller FAIRR Mowi 0.8% vs industry 3.4% terms • A-rated C
Slide 13: Putting the customer at the core of everything we do downstream
Putting the customer at the core of everything we do downstream Customer value Operational Product Excellence Continue to develop innovative and high-quality Productivity and cost Products that are easily efficiency through accessible to customers. Operational Excellence Growth in selected Branding
Slide 14: A fully fledged feed operation in Europe
A fully fledged feed operation in Europe The production journey of Mowi Feed Self sufficient Cover 100% of Mowi’s feed need in Europe 2014 2019 2020 Valsneset Kyleakin Mowi opened its first feed Mowi’s second feed plant opened plant in Trøndelag, Norway on the Isle of Skye, Scotland 640 640 600 389+
Slide 15: Transforming and making the value chain more efficient through digitalisation and automation
Transforming and making the value chain more efficient through digitalisation and automation • Full digitally integrated value chain from roe to plate • Smart Farming – Remote operation centres, automatic feeding, real time monitoring of biomass, digital lice counting, tracking fish welfare, IoT, bi
Slide 16: Summary
Summary • Mowi Farming working along three main pillars; volume, cost and sustainability – Equally important • Continue to address profitable volume growth initiatives going forward – Main focus is conventional farming – Intrinsic organic growth capacity well beyond 500k GWT – However, monitoring de