Icelandic Salmon As · OSL:ISLAX
Icelandic Salmon As — Q3 2023 Earnings Presentation
11 slides from Icelandic Salmon As's earnings presentation, 2023
Slide 1: Q3 2023 Summary Presentation
Q3 2023 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 The company is the sole owner and of 7-8 million smolt, BRCGS* certified parent company of Arnarl
Slide 3: A Stable Production Quarter
A STABLE PRODUCTION QUARTER Q3 SUMMARY ▪ Quarterly harvest volume of 4,040 tonnes compared to Q3- Harvest Operational EBIT 22 at 3,804 tonnes. (Thousand tonnes gw) (EUR/kg.) — Harvest of autumn 2021 generation. Will finalize 2021 generation 6,6 2,79 6,0 early in Q4. Will then start on spring 2022 ge
Slide 4: License Status for Sea-Water
LICENSE STATUS FOR SEA-WATER STRATEGIC UPDATE APPLICATIONS 10,000 tonnes MAB in Ísafjörður. 4,500 tonnes MAB in Arnarfjörður. 2 new sites in Arnarfjörður. Expect increased licence in the smoltplant Gileyri from 200 tonnes to 1,000 tonnes. Arnarlax now holds licenses of 23,700 tonnes MAB in the Icela
Slide 5: Sales & Marketing Update
5 SALES & MARKETING UPDATE STRATEGIC UPDATE AND OUTLOOK STRONG INTEREST FOR ICELANDIC TRANSPORTATION SPLIT SALMON TO NORTH AMERICA Working closely with more companies across North America and Europe. 18% 18% Volume to US is slightly higher compared to 16% Q3 2022. 11% 29% 11% VOLUME 17% Good price a
Slide 6: Group Balance
GROUP BALANCE FINANCIAL HIGHLIGHTS Assets NIBD w/leasing (EUR million) (EUR million) KEY ITEMS FOR THIRD QUARTER 2023 257 52 228 44 ▪ Total asset increase by 15% in the period 6 120 6 — Driven by increased biological assets by EUR 13.3 million and trade 92 receivable balance of EUR 13.8 million. 38
Slide 7: Net Interest-Bearing Debt
NIBD Q3 2023 NET INTEREST-BEARING DEBT ▪ Net interest bearing debts incl. leasing increased in third quarter 2023 by EUR 7.5 million. ▪ Negative change in working capital EUR 8.5 million. — Results after low harvesting in second quarter 2023. ▪ Net investments at EUR 19.1 million YTD. — mainly in Se
Slide 8: Outlook: New Aquaculture Strategy
OUTLOOK NEW AQUACULTURE STRATEGY PRESENTED BY MINISTRY OF FISHERIES MINISTRY OF FOOD, AGRICULTURE AND FISHERIES STRATEGY AND LAWS Ministry have started the process with new strategy for aquaculture in Iceland. Potential for growth built around sustainable measures. Proposal came in October 2023 and
Slide 9: Operational Update
OPERATIONAL UPDATE OVERVIEW Status • Biological challenges • Continued good demand in the market • Smolt output in 2023 went well • Strong biological performance on spring 2022 generation SUSTAINABILITY – IT’S IN OUR NATURE 9
Slide 10: Guidance for Harvest Volume in 2024 is 15,000 Tonnes
OUTLOOK GUIDANCE FOR HARVEST VOLUME IN 2024 IS 15,000 TONNES ▪ Guidance for harvest volume in 2023 is increased from 16,000 tonnes to 17,000 tonnes ▪ Guidance for 2024 is 15,000 tonnes, affected by biological challenges in Q4 23 ▪ The biological challenges is affecting results in Q4 23 ▪ Contract sh
Slide 11: Strandgata 1 465 Bíldudalur Iceland
Strandgata 1 Iceland arnarlax.is 465 Bíldudalur (354) 456 0100 arnarlax@arnarlax.is