Aker BioMarine ASA · OSL:AKBM
Aker BioMarine ASA — Shareholder Meeting (April 2011)
27 slides from Aker BioMarine ASA's shareholder meeting presentation, Apr 5, 2011
Slide 1: Annual general meeting
Annual general meeting Oslo, April 5 2011 The preferred partner part of Aker
Slide 2: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 3: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 4: Overview Aker BioMarine
Overview Aker BioMarine Integrated marine biotechnology company focusing on krill based products Superba™ Krill is our main product Headquartered in Oslo with operations which is an phospholipids based facility in Uruguay and sales team in USA omega‐3 dietary supplement with documented benefits
Slide 5: Highlights 2010
Highlights 2010 Krill harvesting operation MSC1 certified • Aker BioMarine became the first, and currently only, krill harvesting company to receive MSC certification. MSC is an independent, non‐profit organization promoting sustainable marine products Successful refinancing of Aker Biomarine •
Slide 6: Annual performance 2008 – 2010
Annual performance 2008 – 2010* Superba™ Krill Qrill™ Revenues EBITDA MT MT NOKm NOKm 177 10,830 311 20 7,066 5,693 141 50 84 ‐130 0 ‐152 2008 2009 2010 2008 2009 2010 2008 2009 2010 2008 2009 2010 The preferred partner part of Aker © Aker | * Continued operations (excl. NND / TP)
Slide 7: Income statement 2010
Aker BioMarine consolidated statements Income statement 2010 STATEMENT OF COMPREHENSIVE INCOME Continued operations Amounts in NOK million 2010 2009 Operating revenues 306 141 Other revenues 4 Costs of goods sold and changes in inventories (76) (59) Salaries and payroll expenses (51) (48) Other oper
Slide 8: Balance sheet
Aker BioMarine consolidated statements Balance sheet Amounts in NOK million 2010 2009 ASSETS Property, plant and equipment 438 492 Intangible assets 435 496 Investments in equity-accounted investee 554 - Total non-current assets 1 428 989 Inventory 79 56 Accounts receivable and other non-interest-be
Slide 9: Corporate Governance statement
Corporate Governance statement The Corporate Governance principles of Aker BioMarine are described in detail at page 73 in the annual report. The preferred partner part of Aker © Aker |
Slide 10: 2.2. Proposed resolution
2.2. Proposed resolution “The general meeting resolved to approve the annual accounts for 2010 for Aker BioMarine ASA, the group consolidated accounts and the annual report.” The preferred partner part of Aker © Aker |
Slide 11: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 12: 2.3 Proposed resolution
2.3 Proposed resolution “The nomination committee proposes the following remuneration for Board members for the period 2010‐2011: Board Chairman: NOK 300,000 Board members: NOK 200,000” The preferred partner part of Aker © Aker |
Slide 13: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 14: 2.4 Proposed resolution
2.4 Proposed resolution “The following remuneration for nomination committee members is proposed for the period 2010‐2011: Chairman and members: NOK 30,000” The preferred partner part of Aker © Aker |
Slide 15: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 16: 2.5 Proposed resolution
2.5 Proposed resolution “The auditor’s fees of NOK 0,5 million for the audit of Aker BioMarine ASA in 2010 are approved.” The preferred partner part of Aker © Aker |
Slide 17: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 18: 2.6 Proposed resolution
2.6 Proposed resolution “The general meeting resolved to endorse the Board of Directors’ statement included in note 30 to the consolidated accounts on page 55 of the annual report, and to approve the remuneration proposed by the Board.” The preferred partner part of Aker © Aker |
Slide 19: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 20: 2.7 Proposed resolution
2.7 Proposed resolution “The nomination committee proposes no changes to the board of directors” Pursuant to the company’s articles of association, the Board is to comprise from three to nine Board members. The Board now comprises of five Board members. The preferred partner part of Aker © Aker |
Slide 21: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 22: 2.8 Proposed resolution
2.8 Proposed resolution “The committee recommends reelection of Leif-Arne Langøy and Gerhard Heiberg, and Øyvind Eriksen as replacer for Kjeld Rimberg. ” All of the three members in the nomination committees are up for election this year. The preferred partner part of Aker © Aker |
Slide 23: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 24: 2.9 Proposed resolution
2.9 Proposed resolution “Until the annual general meeting in 2012 the Board of Directors may resolve to call an extraordinary shareholders’ meeting with at least 14 days prior notice provided that the Board of Directors pursuant to section 5-8a of the Norwegian Public Limited Companies Act has decid
Slide 25: Agenda
Agenda 1. Opening of the annual general meeting and election of person to co‐sign meeting minutes along with meeting chair 2. Ordinary items 2.1 Presentation of business activities 2.2 Approval of the 2010 annual accounts of Aker BioMarine ASA and consolidated accounts and the Board of Directors’ Re
Slide 26: 3. Proposed resolution
3. Proposed resolution “Instructions to the Nomination Committee are adopted in accordance the proposal by the Board of Directors” The preferred partner part of Aker © Aker |
Slide 27: Disclaimer
Disclaimer This Document includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Document are based on current expectations, estimates and projections about glo