Barramundi Group Ltd. · OSL:BARRA
Barramundi — H1 2023 Earnings Presentation
12 slides from Barramundi's earnings presentation, Aug 30, 2023
Slide 1: Business update 1st Half 2023
Business update 1st Half 2023 BARRAMUNDI GROUP LTD 30 Aug 2023
Slide 2: Highlights
Highlights • Reduced net losses by 55% from SGD 11.9 million in 1H 2022 to SGD 5.3 million in 1H 2023. Achieved through a combination of aggressive cost cutting policies and decisive operational changes made during the period. • Revenue in 1H 2023 of SGD 16.6 million (1H 2022: SGD 16.9 million) with
Slide 3: Consolidated Profit and Loss – 1H 2022
Consolidated Profit and Loss – 1H 2022 1H 2023 1H 2022 Unaudited Unaudited (In SGD thousands) ($'000) ($'000) Revenue 16,643 16,920 Raw materials and consumables (11,467) (8,861) Farm personnel expenses (4,233) (4,486) Fish mortalities (1,679) (1,721) Gross margin (736) 1,852 Sales and marketing exp
Slide 4: Consolidated Balance Sheet - 30 June 2023
Consolidated Balance Sheet - 30 June 2023 30 Jun 2023 31 Dec 2022 Unaudited Audited (In SGD thousands) ($'000) ($'000) Fixed assets 27,554 27,857 Intangible assets 1,284 1,566 Deferred tax assets 1,968 2,040 Fair value of biological assets 15,905 14,829 Inventories 5,792 7,929 Trade and other receiv
Slide 5: Consolidated Cashflow – 1H 2023
Consolidated Cashflow – 1H 2023 • Cash from operating activities have turned positive in tandem with operational and organisational changes • Reduction of sea ops in Singapore has greatly reduced our working capital requirements for biomass production. • Continue to reviewe and improve our inventory
Slide 6: Key Financials & Highlights - Singapore
Key Financials & Highlights - Singapore • Revenue reduced by ~40%, mostly due to limited product available. • Limited by the glide down of local sea farm operations, which first ran a Scale Drop Disease Virus (“SDDV”) vaccine field trial, and subsequently ceased in June 2023 following inconclusive r
Slide 7: Key Financials & Highlights - Brunei
Key Financials & Highlights - Brunei • Signed a distributorship with Ben Foods Brunei, which operates a premium retailer chain. • Previous trial to grow fish up to 2kg in RAS facility yielded stellar FCRs. Data strongly supports case for investing in RAS grow-out facility • RAS grow-out, broodstock
Slide 8: Key Financials & Highlights- Fassler
Key Financials & Highlights- Fassler Fassler’s revenue for 1H 2023 increased by SGD 0.5 million (~7%) compared with the same period in 2022 following the complete lift of pandemic restrictions. Energy and raw materials costs continue to remain high. While costs have been gradually passed on to our e
Slide 9: Key Financials & Highlights - Australia
Key Financials & Highlights - Australia • Sales tonnage dropped by about 20% to 580 tonnes in 1H 2023. This is mainly due to reduced sales to a national supermarket retail chain beyond the base committed amount, an after-effect of the increased retail price effective Q3 2022. The absolute revenue am
Slide 10: Outlook
Outlook • Strategic Pivot to Brunei: Eliminated financial burden of Australian operations to focus on strengthening aquaculture in Brunei. • Existing Plans and Assets: Over 8,000 hectares of sea and land leases, fully operational Recirculating Aquaculture System (RAS) nursery, and UVAXX diagnostic l
Slide 11: Appendix: Alternative performance measures
Appendix Alternative performance measures Barramundi Group Ltd discloses alternative performance measures as a supplement to the financial statements prepared in accordance with IFRS. Such performance measures are commonly used by analysts, investors and other stakeholders to evaluate the performanc
Slide 12: Thank You
Thank You i barramundi group