Pesquera Exalmar Saa · BVL:EXALMC1

Pesquera Exalmar Saa — Q1 2015 Earnings Presentation

16 slides from Pesquera Exalmar Saa's earnings presentation, Jun 1, 2016

  1. Slide 1: First Quarter 2015 Conference Call

    First Quarter 2015 y PESQUERA EXALMAR SAA Conference Call v9 ry S.A.A. EXALMAR Pesquera

  2. Slide 2: IHC: North-Center Quota

    8 IHC: North-Center Quota As of December 2014 As of December 2015 Thousand MT 2"4 season 1st season Total 2"4 season 1st season 2013 2014 2014 2015 (*) Global Quota 2,304 2,530 4,834 2,580 Effective catch 2,274 1,679 3,954 1,860 siiechivecaiehy 98.7% 66.4% 81.8% 89.6% 89.6% Quota Exalmar’ Xaimars 98

  3. Slide 3: tad

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  4. Slide 4: P&L Composition

    P&L Composition Revenues 168.9 220.9 31% 87.0 19.0 -78% Gross Profit 40.9 56.3 38% 27.6 -0.4 -101% Operating Income 23.5 37.3 58% 22.2 -3.8 -117% Pre-Tax Income 78 18.0 131% 18.0 -8.1 -145% Net Income 1.5 14.0 855% 12.6 -4.4 -135% EBITDA 41.6 57.1 37% 26.7 1.4 -95% Gross Margin 24% 25% 32% -2% Opera

  5. Slide 5: Revenues Composition

    ® Revenues Composition Revenues (as of 1Q14) Revenues (as of 1Q15) m Fishmeal @ Fish Oil = DHC MM USS ~~ As of 1Q14 As of 1Q15 Total revenues decreased (-78%) due to lower stocks due to the suspension of the 2" season of 2014. -17% Fishmeal Fish Oil DHC

  6. Slide 6: IHC Revenues

    % IHC Revenues Average Export Price and Effective Catch per Season Fishmeal Revenues Us$/MT Million MT | As of 1014] Asof1Q15 [ad 3.00 2.27 MT 46,634 6,650 ei 2.00 USS/MT 1,434 2,206 1.00 Revenues 1,863 | 2,049 (Thousand 66,815 14,673 USS) 0.00 1st Season 2013 2nd Season 2013 1st Season 2014 mamFish

  7. Slide 7: Beginning stock, production and sales

    Begininng stock Begininng stock Production Sales coat Production Sales Reprocessing Fishmeal 38.7 11.8 46.6 6.5 2.5 6.6 0.1 0.0 6.7 0.7 0.0 0.1 -0.0 -82% “a -100% — oa -86% —_ - = = - —— . 3 -89% -100% -99%

  8. Slide 8: DHC Revenues

    # DHC Revenues DHC Revenues (as of 1Q15) Giant Squid * DHC revenues had a mScallops decreased of 17% due to lower @ Mackerel and average prices of the Jack Mackerel main frozen @ Mahi Mahi products @ Others MM USS me @ Others Fresh mAs of m Frozen 1Q15 DHC revenues As of 1Q14 As of 1Q15

  9. Slide 9: Gross Profit and Margins

    ® Gross Profit and Margins * — Gross profit (-101%): * Suspension of the 24 season of 2014, m@ Ban Expenses Gross Profit which caused lowers stocks and sales. ™ Cost of Sales As of 1014 As of 1Q15 @Asof1Q14 As of 1Q15 -20% -23% Gross margin Operating margin Net Income margin EBITDA margin

  10. Slide 10: Company Debt

    ® Company Debt Indebtedness Position Bonds: MM USS + Issuance: US$ 200 MM Short-Term Debt (STD) 31 36 international capital market. 13% 15% + Issue Date: February 15, Long-Term Debt 204 206 2013. Current Portion 2.2 2.3 + Maturity Date: January 315, Non-Current Portion 201 204 2020. 87% 83% + Intere

  11. Slide 11: CAPEX

    & CAPEX CAPEX (as of 1Q15) ff IHC Investments: } + Maintenance work on fishing nets. . IHC Plants * Environmental requirements. m@ Administratives * Fishmeal plants. m= DHC DHC Investments: * Tambo de Mora Plant. MIHC Vessels * Paita Plant. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Pesq

  12. Slide 12: Corporate Governance

    ® Corporate Governance A clear vision for a transparent communication with our stakeholders. + — Listed in the Lima Stock Exchange since 2010. + Independent directors and Board Committees. + — Bylaws: Board, Shareholder’s Meeting, Code of Ethics, Dividend Policy, Disclosure Policy, etc. + Investor R

  13. Slide 13: Others

  14. Slide 14: Tambo de Mora Plant Production

    Thousand MT 2011 2012 2013 2014 2015 (*) Global Quota 152 Effective catch 233.7 112.3 60.3 89.7 1.1 Exalmar’s catch 9.3 6.8 3.9 78 0.1 sartipstio ; 4.0% 6.0% 6.5% 8.7% Tambo de Mora Plant Production (*) BGiant Squid m= Bonito Mackerel @ Others Tambo de Mora Plant Production Pesquera EXALMAR (*) Data

  15. Slide 15: DHC: Paita Plant

    % DHC: Paita Plant Production (as of 1Q14) Production (as of 1915) Giant Squid @ Squid fl Mahi mahi ™ Others 9 MT 72% + Purchase of fish from independent fishermen. Development of products with added value. Paita Plant Production As of 1Q14 As of 1Q15

  16. Slide 16: Exalmar

    20) EXALMAR

Pesquera Exalmar S.A.A. — Q1 2015 Earnings Presentation on 6ix