Barramundi Group Ltd. · OSL:BARRA
Barramundi — Q1 2022 Earnings Presentation
14 slides from Barramundi's earnings presentation, May 27, 2022
Slide 1: Q1 2022 Quarterly Update Presentation
Q1 2022 Quarterly Update Presentation BARRAMUNDI GROUP LTD 27 MAY 2022
Slide 2: Building an Asia Pacific aquaculture leader
Building an Asia Pacific aquaculture leader Barramundi Group builds a fully integrated aquaculture leader with a premium product in a high growth market Platform Operations Market Growth A scalable platform established in ‘05 Optimising farming operations Building a mass market Securing capacity for
Slide 3: Highlights Q1 2022
Highlights Q1 2022 • Q1 2022 net revenue of $8.1m compared to $9.1m in Q1 2021 following lower harvest tonnage of 506 tonnes in Q1 2022 compared to 543 tonnes in Q1 2021. • Net profit for Q1 2022 was -$5.9m. • Application for 13 new sites submitted in Australia • $2m grant request for first stage nu
Slide 4: Q1 2022 Key Financials (Unaudited)
Q1 2022 Key Financials (Unaudited) • As of January 2022, the Company adopted the full capitalisation Actual method for biological assets, in line with the reporting by other listed In SGD thousands Q1 2022 seafood companies. This means that all direct and indirect costs of producing the biomass are
Slide 5: Q1 2022 Balance Sheet (Unaudited)
Q1 2022 Balance Sheet (Unaudited) • Biological assets reduced by $1.0m following a decrease in biomass from 2,068 tonnes in Q4 2021 to 1,931 tonnes in Q1 In SGD thousands 31.3.2022 31.12.2021 2022. Fixed assets $26,302 $25,933 • Inventories increased by $1.1m with Fassler stocking up on raw Intangib
Slide 6: Q1 2022 Cash Flow Statement (Unaudited)
Q1 2022 Cash Flow Statement (Unaudited) Cash flow from operations for Q1 2022 of -$5,323k compared to In SGD thousands Q1 2022 Q1 2021 Q1 2021 of -$1,381k mainly due to: • Lower revenue of $700k following reduced harvest tonnage Net cash from operating activities ($5,323) ($1,381) from 543 tonnes in
Slide 7: Key Financials & Highlights - Australia
Q1 2022 Key Financials & Highlights- Australia Contractual volume commitments to Coles, in combination with lower harvest volume, changed the sales mix. With a higher share of retail sales Actual Actual and a lower share of sales to food service, net selling price for Q1 2022 is Q1 2022 Q1 2021 $9.0
Slide 8: Key Financials & Highlights - Singapore
Q1 2022 Key Financials & Highlights - Singapore Net sales for Q1 2022 remains relatively similar to Q1 2021 at $1.2m Actual Actual With the uplift of business activities from hotels, and restaurants Q1 2022 Q1 2021 following the easing of Covid restrictions, we have regained volume in Net sales (S$'
Slide 9: Operating Highlights – Brunei
Q1 2022 Operating Highlights – Brunei • Improvements in biosecurity of water supply at existing land nursery to be finished in June. This will improve survival. • Pelong sea site license capacity has been doubled. • Installation & start-up first half of Pelong sea site September 2022. • Obtained lea
Slide 10: Key Financials & Highlights - Fassler
Q1 2022 Key Financials & Highlights- Fassler • Revenue increased by 25% from $2.9m to $3.6m with more aggressive digital Fassler marketing strategy and joint promotions with an online shopping platform since H2 2021. 4.00 3.50 • Cost of raw materials (salmon and other raw materials) have increased s
Slide 11: Outlook
Outlook • Barramundi prices are expected to be stable, gradual price increase for other processed fish. • Harvest volume in 2022 expected to be similar to 2021. • Expected cost inflation, particularly feed. • Process for funding of Australian expansion to commence in Q3 2022 Business and Financial U
Slide 12: Financial Calendar
Financial Calendar H1 2022 Results 30 August 2022 Q3 2022 Business update 29 November 2022 H2 2022 Results 28 February 2023 2022 Full year results 28 April 2023 Business and Financial Update 12
Slide 13: Appendix: Alternative performance measures
Appendix Alternative performance measures Barramundi Group Ltd discloses alternative performance measures as a supplement to the financial statements prepared in accordance with IFRS. Such performance measures are commonly used by analysts, investors and other stakeholders to evaluate the performanc
Slide 14: Thank You
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