Icelandic Salmon As · OSL:ISLAX
Icelandic Salmon As — Q1 2025 Earnings Presentation
11 slides from Icelandic Salmon As's earnings presentation, 2025
Slide 1: Q1 2025 Summary Presentation
Q1 2025 questions@arnarlax.is SUMMARY PRESENTATION
Slide 2: This is Icelandic Salmon
THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Euronext Growth market in Oslo, and Harvesting plant Four smolt facilities, NASDAQ First North in Reykjavik. in Bíldudalur Current capacity is The company is the sole owner and sufficient for 25-30 BRCGS* certified parent company of Arnar
Slide 3: A Challenging Quarter
A CHALLENGING QUARTER OPERATIONAL UPDATE Q1 2025 Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.) 6,5 0,22 Cost level affected by low harvest volumes and biological -0,20 challenges -1,71 — Sea lice levels under control; lasers operational from Q2 2,8 -2,68 1,8 — One-off of 1,6 mEUR 1,1 0,7
Slide 4: License Status
LICENSE STATUS UPDATE LICENSES Arnarlax now holds licenses of 23,700 tonnes MAB in sea in the Icelandic Westfjords (Arnarfjörður, Patreksfjörður, and Tálknafjörður) The license for 10,000 tonnes MAB of sterile salmon in Ísafjarðardjúp was revoked in Q3-24 We are continuously working with authori
Slide 5: Sales & Marketing Update
5 SALES & MARKETING UPDATE SALES HIGHLIGHT CHALLENGING MARKET Significantly more volume in the global market Low average weight on harvested volume in Q1 Contract share for Q1 was 10%, with positive price achievement North America: No significant effects experienced related to US tariffs, bu
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS SUSTAINABILITY – IT’S IN OUR NATURE 6
Slide 7: Group Balance
GROUP BALANCE FINANCIAL HIGHLIGHTS Assets Liabilities (EUR million) (EUR million) 263 259 KEY UPDATES FOR FIRST QUARTER 2025 113 117 116 111 22 18 Continuing investments for further growth — Total invested for EUR 4.4 million excluding lease, mainly in 91 99 seawater and freshwater site preparation
Slide 8: Net Interest Bearing Debts (NIBD) Q1 2025
NET INTEREST BEARING DEBTS (NIBD) Q1 2025 INCLUDING LEASE LIABILITY KEY CHANGES TO NIBD IN FIRST QUARTER 2025 — NIBD (including leasing) increased by EUR 11.0 million — Investments for further growth in seawater the main driver — Build-up of biological assets during the period — Resource tax payment
Slide 9: Outlook
OUTLOOK SUSTAINABILITY – IT’S IN OUR NATURE 9
Slide 10: Outlook
OUTLOOK A large biomass buildup in sea is planned for 2025 Volume guidance for 2025 reiterated: 15,000 tonnes Expect continued high-cost level in Q2 25 and higher volume in Q2 25 compared to Q2 24 Contract share expected at 1% in Q2, and ~10% for FY 2025 Market is characterized by global uncer
Slide 11: Q&A Session Starting Soon
Q&A SESSION STARTING SOON SUSTAINABILITY – IT’S IN OUR NATURE 11