Atlantic Sapphire As (AASZF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, America. Good afternoon, Europe. Good evening, Asia. Welcome to the Atlantic Sapphire first half 2024 report. My name is Gunnar Skinderhåg. I'm the CFO of the company. Together with me, I have Pedro Corar, who is the CEO of the company. Pedro will start with an operational update. I will continue with a financial update. And then Pedro will finish off with some closing remarks. So, Pedro, over to you. Thank you, Gunnar. Hello, everybody. As mentioned by Gunnar, I will start making the operational update, and then I will give the word to my colleague. Okay, moving to the company highlights. Main highlights are as follows, starting by the normal statement said in previous presentations. The combination of our permits and licenses together with the closeness to a huge market should give the company all the competitive advantages required to become a unique supplier in the United States. We have stabilized our production, which in this kind of business is key. That means we are starting a period where we plan to achieve the full utilization of phase one while we prepare the next step by finishing the phase two decision process. Our plan, together with better size of fish as well as consistent production, is to increase our prices and at the same time optimize the operation in terms of performance and cost. Once phase two is in full operation, we estimate an EVTA generation above $100 million, considering a margin of $5 per kilo hog. The process will be performed by the combination of the competence of the existing team with the new management focus in adding value and fulfilling committed plans. We have defined a company business plan divided basically in three stages. Stage one called proof of concept will have as an output the proof that the farm can rais...