Arctic Fish Holding As · OSL:AFISH
Arctic Fish Holding As — Q4 2023 Earnings Presentation
15 slides from Arctic Fish Holding As's earnings presentation, Feb 14, 2024
Slide 1: Arctic Fish Q4 2023 Presentation
Arctic Fish Q4 2023 Presentation 14 February 2024
Slide 2: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements This presentation is the managements summary of the 4th quarter report, it includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forwa
Slide 3: Highlights for the period
Q4|2023 Presentation Highlights for the period
Slide 4: Highlights Q4 2023
Highlights Q4 2023 ▪ Harvested quantities in Q4 2023 amounted to 2,529 tonnes compared to 1,343 tonnes for the same period last year, or an increase of 88% YoY. ▪ 2023 marks an all time high in harvested volumes where the company harvested a total of 11,878 tonnes. ▪ All fish was harvested at the co
Slide 5: Key Financials
Key Financials (EUR '000) Q4 2023 Q4 2022 2023 2022 Operational revenue and other income 18.960 9.543 88.900 55.495 Operational EBITDA 6.208 4.120 21.239 8.588 Operational EBIT 4.174 2.641 14.493 3.410 Net interest-bearing debt (NIBD) 114.289 69.374 114.289 69.374 Underlying EPS (EUR) 0,14 0,05 0,59
Slide 6: Financials
Q4|2023 Presentation Financials
Slide 7: Profit and Loss
Profit and Loss (EUR '000) Q4 2023 Q4 2022 2023 2022 Operational revenue and other income 18.960 9.543 88.900 55.495 Operational EBIT 4.174 2.641 14.493 3.410 Net fair value adjustment of biomass, 271 5.467 -412 10.269 License and production fees / taxes -310 -106 -1.473 -687 Impairment losses -790
Slide 8: Financial Position
Financial Position (EUR '000) 31.12.2023 30.9.2023 31.12.2022 At the end of the reporting period, total assets Non-current assets 138.520 135.068 105.878 amounted to EUR 226 million, an increase of EUR 10.1 Current assets 87.110 80.486 91.305 million from the prior period (Q3’2023). Total assets 225
Slide 9: Cash Flow and Net Interest-Bearing Debt
Cash Flow and Net Interest-Bearing Debt (EUR '000) Q4 2023 Q4 2022 2023 2022 NIBD beginning of period* -102.321 -55.618 -69.374 -32.952 Operational EBITDA* 6.208 4.120 21.239 8.588 Change in working capital -10.029 -5.911 -697 1.142 License and production fees / taxes -310 -106 -1.473 -687 Other adj
Slide 10: Capital Expenditures
Capital Expenditures Investments in the quarter Planned capital expenditure going forward Actual Capital Expenditures (MEUR) ▪ CAPEX was mainly related to the finishing stages of the Planned Capital Expenditures (MEUR) harvesting facility. The harvesting facility design has been upgraded from origin
Slide 11: Volume Guidance
Volume Guidance ▪ In Q4 2023, the Company harvested 2.5 thousand tonnes (HOG) and in 2023 overall a total of 11.9 thousand tonnes, compared to 8.6 thousand tonnes in 2022. 2023 marks an all-time high in harvested volumes. ▪ The company expects to maintain the volumes set forth in earlier forecasts s
Slide 12: Appendix
Q4|2023 Presentation Appendix
Slide 13: License Portfolio
License Portfolio Licenses and applications are well positioned for future growth with locations in different fjords In thousand tonnes (MAB) 31.9 4.8 27.1 5.31 I 21.8 Capacity with current Pending applications Capacity if granted licenses (MAB) Ísafjarðadjúp all applications (MAB) All license appli
Slide 14: Shareholders
Shareholders Name of shareholder No. of shares % Mowi ASA 16.346.824 51,28% Síldarvinnslan hf.** 10.899.684 34,19% J.P. Morgan SE ** 1.999.680 6,27% Landsbankinn hf. 475.724 1,49% Íslandsbanki hf. 298.616 0,94% KVERVA FINANS AS 223.776 0,70% CLEARSTREAM BANKING S.A. 214.557 0,67% VERDIPAPIRFONDET EI
Slide 15: Thank you
Q4|2023 Presentation Thank you