Atlantic Sapphire Asa · OSL:ASA
Atlantic Sapphire Asa — Q4 2021 Earnings Presentation
10 slides from Atlantic Sapphire Asa's earnings presentation, Apr 21, 2022
Slide 1: Annual Report 2021
Annual Report 2021 April 21, 2022 |
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION This presentation (the "Presentation") has been produced by Atlantic Sapphire ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. This Presen
Slide 3: ESG Report 2021 Update
2021 ESG Report 2021 Update The Relative Importance Of Fish Health Has Increased In 2021 3|
Slide 4: Highlights of the ESG Report 2021 Update
Highlights of the ESG Report 2021 Update Selected milestones achieved in 2021 ▪ Lowering our salmon feed’s impact on the ocean ▪ 25% of fish oil replaced with domestic land produced Algal Oil (Veramaris) ▪ Marine derived ingredients (FFIF1) down to under 0.75 ▪ Reducing freshwater consumption ▪ ~95%
Slide 5: Consolidated Statement of Operations
2021 Financial Statements 2021 Update 2021 Consolidated Statement of Operations ▪ Total harvest volume of 2,374t HOG in 2021, up 140% from 989t HOG in 2020 ▪ USD34.8m impairment of the Denmark asset at Dec 31, 2022, as the insurance case was ongoing ▪ Gain to be recorded on the insurance settlement
Slide 6: 2021 Consolidated Statements of Financial Position
2021 Financial Statements 2021 Update (USD 1,000) 2021 2020 ASSETS 2021 Consolidated Statements of Financial Position Non-current assets Property, plant, and equipment, net 264,449 257,080 ▪ Reduction in PP&E related to USD34.8m impairment of the Other 3,384 4,205 Denmark asset Total non-current ass
Slide 7: Financials broken up between the US and Denmark
2021 Financial Statements 2021 Update 2021 financials broken up between the US and Denmark All Focus Is On The US 7|
Slide 8: US cost breakdown
2021 Financial Statements 2021 Update US cost breakdown ▪ The US Phase 1 underlying cost base highlights cost/kg potential in steady state production ▪ Simplified, the feed is the main variable cost 2021: Adjusted US Phase 1 fixed USDm cost base walk1 ▪ Feed cost = biomass gain (t RLW) x eFCR x feed
Slide 9: Summary: Operational and Risk Improvements in 2021
Summary: Operational and Risk Improvements in 2021 2021 Update Key operational focus in 2021 Risk of mortality events reduced both in size and frequency: ▪ All growout systems split in two, limiting individual incidents from six to three tanks ▪ Center drains modified throughout the facility, reduci
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