Arctic Fish Holding As · OSL:AFISH
Arctic Fish Holding As — Q4 2024 Earnings Presentation
13 slides from Arctic Fish Holding As's earnings presentation, Feb 12, 2025
Slide 1: Arctic Fish Q4 2024 Presentation
Arctic Fish Q4 2024 Presentation 12 February 2025
Slide 2: Disclaimer
Disclaimer Cautionary note regarding forward-looking statements This presentation is the managements summary of the 4th quarter report, it includes forward-looking statements that reflect the Company's current views with respect to future events and financial and operational performance. These forwa
Slide 3: Arctic Fish in brief
Arctic Fish in brief Arctic Fish (AFISH), listed at Euronext Growth market in Oslo, is a leading salmon farmer in Iceland with an attractive and sustainable value chain from smolt to sales. The production capacity for the company is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses c
Slide 4: Highlights Q4 2024
Highlights Q4 2024 ▪ 2024 resulted in the highest operational EBIT in the (EUR '000) Q4 2024 Q4 2023 2024 2023 history of the company and a profitable bottom line for the year. Operational revenue & other 24,481 18,960 80,902 88,900 income ▪ Harvested quantities in the quarter amounted to 4,383 6,20
Slide 5: Financials
Q4 2024 Presentation Financials
Slide 6: Profit and Loss
Profit and Loss (EUR '000) Q4 2024 Q4 2023 2024 2023 Operational revenue & other income 24,481 18,960 80,902 88,900 Operational EBIT 2,121 4,174 15,105 14,493 Net fair value adjustment of biomass, 4,492 271 3,940 -412 License and production fees / taxes -891 -310 -2,704 -1,473 Impairment losses -790
Slide 7: Financial Position
Financial Position At the end of the reporting period, total assets amounted to EUR 249.9 million, an increase of (EUR '000) 31.12.2024 30.9.2024 31.12.2023 EUR 11.9 million from the prior period (Q3’2024). The increase is mainly due to increasing Non-current assets 137,699 138,597 138,520 biologica
Slide 8: Cash Flow and Net Interest-Bearing Debt
Cash Flow and Net Interest-Bearing Debt (EUR '000) Q4 2024 Q4 2023 2024 2023 NIBD beginning of period* -133,925 -102,321 -114,289 -69,374 Net interest-bearing debt has decreased as a 4,383 6,208 23,794 21,239 result of positive operational cash flow, mainly Operational EBITDA* Change in working capi
Slide 9: Capital Expenditures
Capital Expenditures Investments in the quarter CAPEX was minimal in the quarter as was the intention. Minor investments were made in farming and other smaller production-based equipment. Capital expenditure Development (MEUR) 45 43 40 37 35 30 25 20 15 10 9 5 0 2022 2023 2024
Slide 10: Volume Guidance
Volume Guidance ▪ In Q4 2024, the Company harvested 3.5 thousand tonnes (HOG), compared to 2.5 thousand tonnes in the same period last year. ▪ The company exceeded the volumes set forth in 2024 forecasts. ▪ Guidance for 2025 is set at 15 thousand tonnes (HOG), which amounts to a 40% increase year ov
Slide 11: Appendix
Q4 2024 Presentation Appendix
Slide 12: License Portfolio
License Portfolio The total production capacity for the company after the license update is 29,800 tonnes MAB (Maximum Allowed Biomass) and includes licenses covering 10 farming areas in 5 different fjords, all located in the Westfjords of Iceland. Of the 29,800 tonnes, 27,000 tonnes are for fertile
Slide 13: Thank you
Q4 2024 Presentation Thank you