Atlas Pearls Ltd · ASX:ATP
Atlas Pearls — Shareholder Meeting (October 2020)
10 slides from Atlas Pearls's shareholder meeting presentation, Oct 28, 2020
Slide 1: AGM Presentation – 28 October 2020
For personal use only AGM Presentation – 28 October 2020 ASX: ATP
Slide 2: Important Information
For personal use only IMPORTANT INFORMATION Presentation By: Atlas Pearls This presentation has been issued by Atlas Pearls Limited (“the Company”) and is based on information obtained by the Company. This presentation should be considered as preliminary only and does not purport to contain all the
Slide 3: Atlas is a leading producer of white and silver pearls
Atlas is a leading producer of white and silver pearls. For personal use only Six pearl farms including two hatcheries and four grow out sites that span the Indonesian Archipelago. 4-year pearl production lifecycle. Over 900 employees Fully integrated business; - Hatcheries - Nursery - Seeding - Cul
Slide 4: Location of Atlas Pearls Operations
LOCATION OF ATLAS PEARLS OPERATIONS For personal use only
Slide 5: The Impact of COVID on Atlas Pearls
THE IMPACT OF COVID ON ATLAS PEARLS • The Company’s ability to move and sell pearls around the world has been severely impacted since March 2020. For personal use only • International pearl auctions were rescheduled and country borders closed causing traditional pearl distribution channels to be dis
Slide 6: Business Focus over 2019/20
Business Focus over 2019/20 Focus Area Actions For personal use only Optimising Cultivation Increased cultivation time to 24 months which is the ideal time for the Pinctada maxima oyster in Indonesian waters. Pearl distribution channels Explored new distribution channels including; - Indonesian auct
Slide 7: Debt Restructure
DEBT RESTRUCTURE For personal use only • The combination of COVID and increased cultivation period placed pressure on working capital. • Our major shareholders entity, Boneyard, restructured the existing facility and increased lending from $2.5m to $4.5m. These funds have been used for working capit
Slide 8: Operations
OPERATIONS • 821,000 oysters were seeded in financial year 2020 and the Company has experienced an improvement in For personal use only retention rates. • With seeding levels between 800-850,000 the Company foresees the production of 500-550,000 pearls per annum. • In February 2019, new seeding tech
Slide 9: Distribution Channels
DISTRIBUTION CHANNELS Since March 2020, the Company has explored new distribution channels particularly focusing on; For personal use only - Indonesian auctions - Online auctions - Online loose pearl sales - New Markets Atlas’ distribution philosophy is to always ensure that every pearl, is for sale
Slide 10: For personal use only
For personal use only This presentation was authorised for release to the ASX by the Executive Chairman of the Company. Investor and Media Queries: Geoff Newman Executive Chairman Telephone: +61 8 9284 4249 Email: Atlas@atlaspearls.com.au •