Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q2 2024 Earnings Presentation
12 slides from Gigante Salmon As's earnings presentation, Aug 20, 2024
Slide 1: Q2 Report 2024
Q2 REPORT 2024 20th August 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: Health, Security, Environmental & Quality
Health, Security, Environmental & Quality HSE&Q PROJECT EXECUTION 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
Slide 4: Highlights Q2 2024
Highlights Q2 2024 THE SECOND QUARTER OF 2024 • Kjell Lorentsen appointed CEO on 23 April • Technical area and piping for production basin 2 completed • New board elected by AGM on 15 May • NOK 120m in long-term loan financing granted by SpareBank 1 Nord-Norge. Financing backed by Export Finance Nor
Slide 5: Biological update
Biological update • 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 operating with a water velocity of 20-50 cm/s. • We are gaining valuable experience for fut
Slide 6: Project summary Rødøy
Project summary Rødøy ▪ Gigante Salmon is constructing a land-based salmon farming site on Lille Indre Rosøy THE PROJECT ECONOMICS REMAIN which has a yearly production capacity of up to 16.000 tonnes HOG, based on a licensed STRONG AND HIGHLY COMPETITIVE: MAB of 13,731 tonnes. PRODUCTION COSTS1 CAPE
Slide 7: On track to first harvest Q2 2025
On track to first harvest Q2 2025 2022 2023 2024 2025 2026 2027 2028 Project execution phase Q3-23 Groundwork complete Q1-24 Grow-out basin completed CONSTRUCTION PHASE Q4-24 Entire production plant completed Test production – 0,15 mill smolt Harvest 550 tonnes HOG Startup production – 1.1 mill smol
Slide 8: Income statement - Group
Income statement - Group • Income statement reflects project execution phase, with limited income and operating expenses
Slide 9: Balance sheet - Group
Balance sheet - Group • Equity ratio 70%, approx. 700 MNOK.
Slide 10: Income statement – GS Rødøy
Income statement – GS Rødøy • Total investments in the group in the first quarter rose 792 778 kNOK, compared to 641 679 kNOK in Q1
Slide 11: Balance sheet – GS Rødøy
Balance sheet - GS Redgy Assets 22024 022023, 31122023 _Equityandliabilities Note 022026 22023 112.2023, Land, buidngs andther property e862 25865 50400 "Sharecanial we730 79250 36730 ‘Shies oa 731 686 Unregistered capital increase 23000 - - Fight of use exacts 170108 = ‘Share premium 528371 172870
Slide 12: Q&A
Q&A