Atlantic Sapphire Asa · OSL:ASA
Atlantic Sapphire Asa — H1 2023 Earnings Presentation
11 slides from Atlantic Sapphire Asa's earnings presentation, Aug 24, 2023
Slide 1: First Half 2023 Presentation and Operational Update
First Half 2023 Presentation and Operational Update August 24, 2023
Slide 2: Important Information
IMPORTANT INFORMATION IMPORTANT INFORMATION This presentation (the "Presentation") has been produced by Atlantic Sapphire ASA (the "Company") exclusively for information purposes. This Presentation has not been approved, reviewed or registered with any public authority or stock exchange. This Presen
Slide 3: H1 2023 Highlights
H1 2023 Highlights Operational Update – August ‘23 ▪ Focus on heavy infrastructure upgrades and operational improvements ▪ Approximately 2,100t RLW of gross biomass gain and harvest volume of 870t HOG ▪ Decrease in revenue driven by lower volume, partially offset by higher sales prices ▪ Consistent
Slide 4: 2023 Timeline
2023 Timeline Operational Update – August ‘23 1 2 3 4 Jan – Apr: May – Jun: Jul – Aug: Sep – : Infrastructure Production Temperature Return to Upgrades Mode Issues Production Mode ▪ Heavy infrastructure upgrades ▪ Stable conditions ▪ Temperature-related ▪ Expect to have targeted and operational impr
Slide 5: Q3 2023 Temperature Challenges
Q3 2023 Temperature Challenges Operational Update – August ‘23 ▪ Higher-than-anticipated downtime for maintenance and repairs of the Chiller capacity in operation and average water temperature rental chillers resulted in water temperature increases 9000 19 New max. cooling capacity (+44%) ▪ High wat
Slide 6: Significant Upside on Price Achievement
Significant Upside on Price Achievement Operational Update – August ‘23 US price achievement – premium fish (superior) and fresh average – USD/kg RTF1 ▪ Good development of branded sales and programs for superior quality product Bluehouse premium Average AS US price achievement ▪ Focus on new value-
Slide 7: Phase Status
Phase 2 Status Operational Update – August ‘23 Phase 2 capex status as of June 30, 2023 Phase 1 & 2 aerial view ▪ Phase 2 is estimated to take the total run-rate production volume to 25,000t HOG annually ▪ ~USD 104m1 invested, cash conservation currently in focus ▪ Approx. USD 7m in capex planned to
Slide 8: H1 2023 – Key Figures
H1 2023 – Key Figures Operational Update – August ‘23 8|
Slide 9: H1 2023 Financial Statements – Statement of Operations
H1 2023 – Financial Statements Operational Update – August ‘23 H1 2023 Consolidated Statement of Operations ▪ Harvest volume: 870t HOG in H1 2023 (H1 2022: 1,217t HOG) ▪ Cost of Good Sold in H1 2023 up by USD4.3m Y/Y, despite lower harvest volume ▪ Mortality cost of USD7.2m (H1 2022: USD1.3m) ▪ USD1
Slide 10: H1 2023 Consolidated Statement of Financial Position
H1 2023 – Financial Statements Operational Update – August ‘23 H1 2023 Consolidated Statement of Financial Position ▪ Cash: USD23.6m ▪ NIBD: USD 21.0m in H1 2023 (H1 2022: USD 41.4m) ▪ Capex: USD13.4m invested in phase 2 capex and USD1.2m invested in other capex 10 |
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