Aker BioMarine ASA · OSL:AKBM

Aker BioMarine ASA — Q2 2010 Earnings Presentation

16 slides from Aker BioMarine ASA's earnings presentation, 2010

  1. Slide 1: Accelerated growth

    Aker BioMarine Accelerated growth Q2 2010 Hallvard Muri, CEO Fredrik Dokk Nygaard, CFO Matts Johansen, EVP Sales & Marketing The preferred partner part of Aker

  2. Slide 2: Highlights Q2 2010

    Aker BioMarine Highlights Q2 2010  Aker BioMarine’s krill harvesting operation receives MSC certification  Good fisheries and QrillTM production 24% higher than Q2 2009  First time positive EBITDA for Aker BioMarine Group  Continued strong revenue growth for both SuperbaTM Krill and QrillTM  Ne

  3. Slide 3: Key performance indicators

    Aker BioMarine Key performance indicators Last five quarters (Q2/09 – Q2/10) Operating revenues EBITDA NOK million NOK million 90 5 1 79 - 80 -5 70 -10 60 50 52 -15 -11 50 41 -20 40 34 -25 -22 30 -30 20 -35 10 -40 -36 - -45 -41 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 QrillTM prod

  4. Slide 4: Income statement

    Q2 2010 Income statement Income statement Actual Actual Actual Actual Actual Actual YTD Actual YTD Year Amounts in NOK million Q2 2009 Q3 2009 Q4 2009 Q1 2010 Q2 2010 2009 2010 2009 Operating revenues 34 41 50 52 79 54 130 145 Inventory change 12 (17) (24) 19 19 25 38 (16) Other operating expenses (

  5. Slide 5: Refinancing completed according to plan

    Refinancing Refinancing completed according to plan Aker group positions at closing Sources and uses Capital structure NOKm NOKm NOKm 1 035 Closing Q1 Q2 Short term 113 Secured debt (USD) 98 107 loan Gross proceeds 638 510 NOK bond 750 305 Total sources 638 Aker Aker debt 527 ‐ bonds 451 525 Transac

  6. Slide 6: Balance sheet and cash flow

    Q2 2010 Balance sheet and cash flow Balance sheet Q1/10 Q2/10 Q2/09 YE 2009 Total assets 1 648 1 273 1 691 1 621 Total equity 166 782 371 196 Net interest bearing debt 890 348 747 836 Equity % 36% 61% 45% 38% Cash flow Q1/10 Q2/10 Q2/09 YTD Cash flow from operating activities ‐40 ‐33 ‐52 ‐73 Cash fl

  7. Slide 7: Revised company guidance for 2010

    Q2 2010 Revised company guidance for 2010 Guiding | February 2010 Guiding | August 2010  120 – 160 MT of Superba™ Krill at  160 – 190 MT of Superba™ Krill at 2009 prices current prices  8,000 – 10,000 MT of Qrill™,  9,000 ‐ 10,000 MT of Qrill™, continue company will through documentation effort

  8. Slide 8: For our Qrill, we receive excellent customer feedback, while demand is further increasing

    For our Qrill, we receive excellent customer feedback, while demand is further increasing  Excellent customer feedback “We now use krill meal to fully replace the fishmeal and squid meal we used previously. Krill meal in our shrimp feeds is a fantastic attractant and our customers say that shrimp 

  9. Slide 9: Superba Krill oil experienced particular strong growth in the U.S. and Europe in Q2 2010

    Superba™ Krill oil experienced particular strong growth in the U.S. and Europe in Q2 2010 Superba™ sales development +66%  Very strong Q2 results ‐ 46 increase of 66% compared to Q1 31% Europe  Continuous growth both in 28 the US and Europe 25  Further regional 17 diversification as Europe’s 69%

  10. Slide 10: Good news are coming from all geographic regions

    Good news are coming from all geographic regions US Europe  Established strong, local sales force in the US.  VitaeLab successfully launched VitaePro with SuperbaTM Krill  Continuous strong growth both through new clients and our main  Customers starting to invest into client Schiff® MegaRed® ma

  11. Slide 11: Aker BioMarine signed an important agreement for the Direct-to-consumer (DTC) market with VitaeLab

    Aker BioMarine signed an important agreement for the Direct‐to‐consumer (DTC) market with VitaeLab Background on VitaeLab and the agreement Next generation Pure Krill VitaePro product  One of the biggest Nordic DTC companies VitaeLab dedicated to dietary supplements  5 year exclusive supply agreem

  12. Slide 12: VitaeLab received excellent customer feedback and plans to expand step-by-step

    VitaeLab received excellent customer feedback and plans to expand step‐by‐step to further Launched in June: regional scope Example of communication N FIN S DK  VitaeLab successfully launched the new Successful VitaePro with SuperbaTM to existing and D transaction new customers  Excellent consumer

  13. Slide 13: Since the beginning, Aker BioMarine is committed to high sustainable standards for its Krill fishery

    Since the beginning, Aker BioMarine is committed to high sustainable standards for its Krill fishery Cooperation with Eco‐HarvestingTM World Wide Fund for Nature Research on Krill (WWF) Norway  Developed and  Cooperation with Institute  Unique fishing technology implemented of Marine Research inv

  14. Slide 14: Aker BioMarine was MSC certified in May 2010

    Due to well established ecological standards, Aker BioMarine was MSC certified in May 2010 Background and goal of MSC 3 principles and AKBM’s scoring  International 84 non‐profit 1 organisation with Sustainability of  Independent certifying body Exploited Stock  Public assessment process 91  Onl

  15. Slide 15: Aker BioMarine continuous to execute and strongly promote high sustainability standard

    Aker BioMarine continuous to execute and strongly promote high sustainability standard A  Contribute to examining Monitor distribution of Krill in Krill biomass space and time Strongly commit to sustainability and B  Provide all required data drive the industry towards Support and information  Co

  16. Slide 16: Disclaimer

    Disclaimer  This Document includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Document are based on current expectations, estimates and projections about glo

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