Atlantic Sapphire As (AASZF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone. My name is Johan Andreasen and we want to welcome you to the Q4 operational update for Atlantic Sapphire. And as normal with me to present today is our CFO, Carles Danøyag. Hello everyone and thank you for listening in. This time we've chosen to do this Q4 2023 presentation as a pre-recorded presentation which means that any questions you might have to Johan or myself after the presentation can be directed to us. So with that I'm going to give the word back to Johan to go through the operational updates. Thank you, Carl. So, kicking off the main message here, which is that we have seen an improvement in performance and much more stable conditions in the farm since we have completed the very critical infrastructure upgrades last year. We have strong biomass growth across all the recent batches. The batches that have been transferred into the grow-out system tanks after Q3 are performing in line with expectations or better. The farming conditions are stable and that is supporting a good growth of biomass. Feeding and feed conversion rates are at solid levels. The recent batches of fish are absorbing feed well, indicating strong operation conditions. The mortalities are trending downwards and improved feed conversion ratios, which reflects good water quality. The farming temperatures are stable around 14 Celsius. Stable operations across all the growth systems at optimal farming temperatures. The new rental chillers are functioning in accordance with expectations. A new heat exchanger is being brought online and will further increase the buffer on our cooling capacity going into the summer months. The share of high-quality salmon is steadily increasing. The batches impacted by prior temperature issues are being harvested out as we speak and w...