Akva Group Asa · OSL:AKVA
Akva Group Asa — NASF (June 2021)
20 slides from Akva Group Asa's conference presentation, June 2021
Slide 1: AKVA group – Financial presentation & overall Strategy
AKVA group – Financial presentation & overall Strategy June 2021
Slide 2: Disclaimer
Disclaimer • All opinions and statements in this notice are, regardless of source, given in good faith, and may only be valid as of the stated date of this notice and may be subject to change without notice. AKVA group has taken all reasonable steps to ensure that the information contained in this n
Slide 3: Technology for sustainable biology
Technology for sustainable biology
Slide 4: Cage based: A broad range of solutions offered
Cage based A broad range of solutions offered Plastic pens Steel pens Feed Barges Nets Feeding Systems Lights Work Boats ROV/Net cleaning Battery packs Digital Cameras Sensors Technology for sustainable biology
Slide 5: AKVA group in brief
AKVA group in brief Leading Listed on Deliveries Companies technology Oslo stock in 65 in 10 and service exchange countries countries. partner since 2006 over 40 1 449 years employees
Slide 6: Our presence
Our presence AKVA group
Slide 7: Financial update
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Slide 8: Key figures 2020
Key figures|2020 Revenue EBITDA EBIT ROACE 3 190 MNOK 337 MNOK 147 MNOK 7.9 % +134% +99% +96% 337 157 147 3 077 3 190 272 130 2 579 240 238 2 088 1 603 75 16,9% 144 62 11,3% 9,1% 7,9% 3,3% 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 7 Note: IFR
Slide 9: Key figures Q1 2021
Key figures|Q1 2021 Revenue EBITDA excluding cyber-attack costs* EBIT excluding cyber-attack costs* 719 MNOK 83 MNOK 36 MNOK 97 852 86 49 83 752 719 37 38 36 589 59 34 510 54 Q1 17 Q1 18 Q1 19 Q1 20 Q1 21 Q1 17 Q1 18 Q1 19 Q1 20 Q1 21 Q1 17 Q1 18 Q1 19 Q1 20 Q1 21 * Note: Costs of 49,7 MNOK related
Slide 10: Development order intake and order backlog
Development order intake and order backlog Order intake (MNOK) Order backlog (MNOK) +10% 994 1 009 1 881 1 783 1 813 21 26 56 1 650 49 1 625 55 235 45 49 709 385 10 13 647 651 605 771 975 929 16 14 747 72 69 686 738 559 599 569 Digital solutions 1 000 Digital solutions 963 850 828 829 Land Based Lan
Slide 11: COVID-19 Negative impact on operations
COVID-19|Negative impact on operations • Negative implications are mainly related to travel restrictions and use of foreign workforce in ongoing operations • Cage Based – Service stations • Difficult to replace foreign labor with local labor • Influences both topline and cost level – Supply chain re
Slide 12: Cyber-attack Significant non-recurring costs
Cyber-attack|Significant non-recurring costs • On Sunday 10 January AKVA group fell victim to a cyber extortion attack from a group of criminal hackers – All main IT systems are now restored in a safe environment – Various support systems still in the process of being restored • Significant non-recu
Slide 13: Cash flow and financial position
Cash flow and financial position Available cash Net Working capital Net debt / EBITDA* 600 3,15 600 16 1 600 3,4 3,50 562 3,3 3,2 15,0% 516 525 2,80 3,0 3,15 14 1 400 2,9 500 469 500 2,45 447 1 202 2,80 409 12 1 200 1 130 10,3% 1 080 1 081 2,45 400 2,10 400 1 021 10 1 000 423 2,10 1,75 9,0% 316 8,2%
Slide 14: Strategy
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Slide 15: Underlying demand growth implies 1–2 million ton volume increase by 2030
Underlying demand growth implies 1–2 million ton volume increase by 2030 Salmon demand has increased by 1.1 mill tons from 2009-2019. “Base case” assumes similar demand growth till 2030 Consumption of salmon WFE in mill. tons Key demand drivers 5.0 High demand growth (~5%)1 2019-2030: Base case pric
Slide 16: The paradigm shift of land-based farming will require major capex investments
The paradigm shift of land-based farming will require major capex investments until 2030 and beyond Mill. tons WFE +5.1% 4.5 • Restricted fresh supply requires market effort to 1.9 convert demand from fresh to frozen AKVA Group implications: Europe 2.6 Demand NAM 1.3 1.0 • Asian markets critical for
Slide 17: Overall strategy for Conventional Cage Based Salmon Farming
Overall strategy for Conventional Cage Based Salmon Farming: Continue in the forefront, offering Solutions and services to improve fish health and productivity and increase production AKVA subfeeder and lights Tubenet™ Atlantis subsea farming Strong ramp up of Innovation and R&D capabilities: 1. Inn
Slide 18: AKVA's Overall strategy for Land Based Salmon Farming
AKVA’s Overall strategy for Land Based Salmon Farming Delivering complete scope of fish Market leading Zero Water Concept farming technology (e.g. feeding, fish 1 RAS enabling sustainable and cost- 2 tanks, fish handling, camera, lights, effective production sensors, control system) Data driven insi
Slide 19: Strategic guidance
Strategic guidance Organic topline Operational • Deliver min. 25% Min. 50% increase in 3 Digital platforms: growth. excellence EBIT-increase Y-o-Y Innovation spending AKVAconnect, • Step by step improve to support new AKVA Observe and ROACE to min. 15% by Product development Fishtalk. 2023. and Orga
Slide 20: AKVA group
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