Gigante Salmon As · OSL:GIGA
Gigante Salmon As — Q4 2024 Earnings Presentation
14 slides from Gigante Salmon As's earnings presentation, Jan 21, 2025
Slide 1: Report for the Fourth Quarter of 2024
REPORT FOR THE FOURTH QUARTER OF 2024 21st January 2025 CEO Kjell Lorentsen CFO Rune Johansen
Slide 2: Important information and disclaimer
Important information and disclaimer This document is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into or from the united states of america, australia, canada, japan, hong kong or south africa or to any resident thereof or any other jurisdiction w
Slide 3: Agenda
Agenda 1. Gigante Salmon in brief 2. Highlights Q4 2024 3. Biological update 4. Construction update 5. Financials
Slide 4: Gigante Salmon in brief
Gigante Salmon in brief Production capacity Land-based farming For the fish, • Gigante Salmon is constructing a land-based salmon farming site on Lille 16.000 tonnes the sea Indre Rosøy, approx. 2.5h boat drive outside the head-office in Bodø in HOG Norway. and the people • Our unique site and techn
Slide 5: Highlights Q4 2024
Highlights Q4 2024 • The average weight of the first release of smolt is 2,700 grams, on track to begin harvesting in Q2 2025 as scheduled • Shore power has been established and connected through a submarine cable • All risers / seawater intakes completed • Drainage channels cast
Slide 6: Health, Security, Environmental & Quality
Health, Security, Environmental & Quality HSE&Q An overriding focus for all our activities is that the health of our colleagues and fish is crucial for our success: “If the fish are doing well, then we are doing well.” Important areas of responsibility for Gigante Salmon AS as the project’s owner is
Slide 7: The construction of the second and third basin is well underway
The construction of the second and third basin is well underway 1 Basin in operation since Q1 2024 1 2 Basin to be completed in Q1 2025 2 3 Basin to be completed Q2/Q3 2025 3 PROGRESS PLAN Contruction of 2.2 mill. smolt Construction second first basin released, basin complete complete Q1, 2024 Q3, 2
Slide 8: Biological update
Biological update • Good salmon growth, reassuring lice situation • The facility is functioning well and as intended. Seawater is being pumped in as planned and the water chemistry is good. • Biomass development: Biomass Date Release Amount Avg. Weight (gr) Harvest plan (tons) 30.06 Jan. 24 160 000
Slide 9: On track to harvest Q2 2025
On track to harvest Q2 2025 2024 2025 2026 2027 2028 Q1-24 First basin completed Q2/Q3-25 Entire production plant completed CONSTRUCTION Test production Harvest 0,15 mill. smolt 550 PHASE tonnes HOG Startup production 0.9 mill. smolt* Harvest 4,100 PRODUCTION tonnes HOG PHASE 1 Startup production 2.
Slide 10: Income statement
Income statement Gigante Salmon AS - GROUP • Income statement reflects project execution phase, with limited income and operating expenses • Net profit Q4 2024, +0.1 MNOK • Net loss 2024, -2.1 MNOK
Slide 11: Balance sheet Gigante Salmon AS - GROUP
Balance sheet Gigante Salmon AS - GROUP
Slide 12: Income statement
Income statement Gigante Salmon Rødøy AS • Income statement reflects project execution phase, with limited income and operating expenses
Slide 13: Balance sheet
Balance sheet Gigante Salmon Rødøy AS
Slide 14: Q&A
Q&A