Murray Cod Australia Limited · ASX:MCA
Murray Cod Australia — Shareholder Meeting (November 2024)
15 slides from Murray Cod Australia's shareholder meeting presentation, Nov 22, 2024
Slide 1: 2024 Annual General Meeting
2024 Annual General Meeting Murray Cod Australia Ltd Life tastes better our way
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Murray Cod Australia Limited (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentatio
Slide 3: FY24 Production Highlights
FY24 PRODUCTION HIGHLIGHTS • Biomass grew to 1,073 tonnes in FY24 at 30 June 2024 • Scale up of production to 78 nursery and grow-out ponds, including: • 15 new grow-out ponds at new development site Stanbridge completed and stocked. • Earthworks were completed on 23 new grow-out ponds at Stanbridge
Slide 4: Production Update
PRODUCTION UPDATE • The company biomass as at 31st October 2024 was 1,268 tonnes. An increase of 18% since 30 June 2024. • The biomass growth and average weight of grow-out fish measured to date is outperforming modelled growth projections, driven by improved diet and feeding methods. • Stocking is
Slide 5: FY24 Business Highlights
FY24 BUSINESS HIGHLIGHTS • Successful $20 million iPartners financing facility. • Wholly owned MCA entity, Australian Sustainable Protein Fund (the “ASPF”), acquired new development site Stanbridge. • Appointment of new Chair, Brett Paton (on 6 March 2024) • Successful $20.4 million equity capital r
Slide 6: FY24 Financial Results
FY24 FINANCIAL RESULTS • Cash in Bank - $13.98 million as at 30th Sept 2024 2024 Financial Year 2023 Financial % Increase / Decrease v’s PCP • Upon completion of Stanbridge, land and water valued at circa Total Revenue* $30.64M $25.11M + 22% $59.0 million. Tonnes Harvested 353t 430t [-18]% • Revenue
Slide 7: FY25 Revenue Outlook
FY25 REVENUE OUTLOOK • Biomass growth strategy on track, driven by improved diet and feeding methods, and is expected to accelerate further over summer. • Average weight per harvested fish was 1.49kg for Q1 FY25, and as biomass reaches optimum sale mix size, we anticipate an increase in average sale
Slide 8: Biomass Growth Continues
BIOMASS GROWTH CONTINUES MCA’s strategy of managing larger fish via allocation to build numbers of fish in larger grades is beginning to show positive results with: • Increasing average fish size in our biomass is correlating with an increase in average price received per kg. • Large fish prices in
Slide 9: Stanbridge Construction Progress
STANBRIDGE CONSTRUCTION PROGRESS* Number of Electrical Stocked with Cell Number Earthworks Plumbing Ponds Cabling fish? • Stanbridge development expected to be 1 15 Complete Complete Complete Yes completed in FY25. Nearing 2 13 Complete Complete Complete • Stanbridge expected to be fully stocked Com
Slide 10: Selective Breeding Program with CSIRO
Selective Breeding Program with CSIRO The program commenced in 2021 based on modern selective breeding approaches. Primary objective of program - identify fish that exhibit the desired traits MCA wish to develop which include: • Faster Growth and improved feed conversion • Better Health • Higher Fle
Slide 11: Creating a Competitive Advantage
CREATING A COMPETITIVE ADVANTAGE Benefits to MCA • Looking to introduce the Aquna “breed” of Murray cod. Our own exclusive Intellectual Property. • Improve quality factors that can positively impact buyer’s purchasing decisions through product differentiation. • Qualities which the buyer identifies
Slide 12: Aquna Gold Caviar
AQUNA GOLD CAVIAR • Aquna Gold successfully launched in FY24 providing consumers with a truly unique luxury product. • Aquna Gold Murray Cod Caviar product is accretive to the Company’s strategy and ‘whole-fish philosophy • The availability of source is limited currently, as it requires an: adult fe
Slide 13: Restocking Program
RESTOCKING PROGRAM • MCA continues to ensure the preservation of Australia’s native fish by participating in native fish restocking programs throughout the Murray-Darling Basin, In FY24 we released: • 510,200 Murray cod fingerlings, • 208,000 silver perch fingerlings, and • 1,082,000 golden perch fi
Slide 14: What We Believe In
WHAT WE BELIEVE IN aquna.com 14 All figures included in this presentation are unaudited in respect of the year ended 2023
Slide 15: 2 – 4 Lasscock Road, Griffith NSW 2680
Murray Cod Australia Limited 2 – 4 Lasscock Road, Griffith NSW 2680 Email: info@aquna.com Phone:+61 2 6962 5470 Website: www.aquna.com
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