Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q3 2024 Earnings Presentation
18 slides from Gigante Salmon As's earnings presentation, Oct 22, 2024
Slide 1: Report for the Third Quarter of 2024
REPORT FOR THE THIRD QUARTER OF 2024 22nd October 2024 CEO Kjell Lorentsen CFO Rune Johansen
Slide 2: Important information and disclaimer
Important information and disclaimer This document is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into or from the united states of america, australia, canada, japan, hong kong or south africa or to any resident thereof or any other jurisdiction w
Slide 3: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q3 2024 3. Biological update 4. Construction update 5. Financials
Slide 4: Gigante Salmon in brief
Gigante Salmon in brief Production capacity Land-based farming For the fish, • Gigante Salmon is constructing a land-based salmon farming site on Lille 16.000 tonnes the sea Indre Rosøy, approx. 2.5h boat drive outside the head-office in Bodø in HOG Norway. and the people • Our unique site and techn
Slide 5: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q3 2024 3. Biological update 4. Construction update 5. Financials
Slide 6: Highlights Q3 2024
Highlights Q3 2024 • Good salmon growth, reassuring lice situation • Successful smolt release • Production basin 2 walls casted • Production basin 2 walkways installed
Slide 7: Health, Security, Environmental & Quality
Health, Security, Environmental & Quality HSE&Q An overriding focus for all our activities is that the health of our colleagues and fish is crucial for our success: “If the fish are doing well, then we are doing well.” Important areas of responsibility for Gigante Salmon AS as the project’s owner is
Slide 8: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q3 2024 3. Biological update 4. Construction update 5. Financials
Slide 9: Biological update
Biological update • Successfully smolt release in September • Good salmon growth, reassuring lice situation • The facility is functioning well and as intended. Seawater is being pumped in as planned and the water chemistry is good. • The fish are doing well in the longitudinal tanks, which are now o
Slide 10: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q3 2024 3. Biological update 4. Construction update 5. Financials
Slide 11: The construction of the second and third basin is well underway
The construction of the second and third basin is well underway 1 Basin in operation since Q1 2024 1 2 Basin to be completed in Q4 2024 2 3 Basin to be completed Q2 2025 3 PROGRESS PLAN Contruction of Entire production 2.2 mill. smolt Construction second first basin plant completed released, basin c
Slide 12: On track to harvest Q2 2025
On track to harvest Q2 2025 2024 2025 2026 2027 2028 Q1-24 First basin completed Q2-25 Entire production plant completed CONSTRUCTION Test production Harvest 0,15 mill. smolt 550 PHASE tonnes HOG Startup production 1.1 mill. smolt Harvest 5,000 PRODUCTION tonnes HOG PHASE 1 Startup production 2.2 mi
Slide 13: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q3 2024 3. Biological update 4. Construction update 5. Financials
Slide 14: Income statement Gigante Salmon AS - Group
Income statement Gigante Salmon AS - GROUP • Investments in Gigante Salmon Rødøy progressing according to plan • Net loss Q3 2024, -0.7 MNOK
Slide 15: Balance sheet Gigante Salmon AS - Group
Balance sheet Gigante Salmon AS - GROUP • Strong, financial position with equity ratio at 65% • Initial disbursement from second long-term construction loan (120 MNOK) granted by Sparebank1 Nord-Norge and guaranteed by Eksfin
Slide 16: Income statement Gigante Salmon Rødøy AS
Income statement Gigante Salmon Rødøy AS • Investments in Gigante Salmon Rødøy progressing according to plan
Slide 17: Balance sheet Gigante Salmon Rødøy AS
Balance sheet Gigante Salmon Rødøy AS • Initial disbursement from second long-term construction loan (204 MNOK) granted by Sparebank1 Nord-Norge and guaranteed by Eksfin
Slide 18: Q&A
Q&A