Icelandic Salmon AS · OSL:ISLAX

Icelandic Salmon AS — Arctic Seafood Investor Day 2023

15 slides from Icelandic Salmon AS's conference presentation, Nov 16, 2023

  1. Slide 1: Operational optimization in Icelandic farming - Icelandic Salmon

    Operational optimization in Icelandic farming - ICELANDIC SALMON Arctic Seafood investor day - Thursday 16 Nov 2023 – Björn Hembre

  2. Slide 2: This is Icelandic Salmon

    THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Euronext Growth market in Oslo, and Harvesting plant Four smolt facilities, NASDAQ First North in Reykjavik. in Bíldudalur. Current capacity The company is the sole owner and of 7-8 million smolt, BRCGS* certified parent company of Arnarl

  3. Slide 3: A stable production quarter - Q3 summary

    A STABLE PRODUCTION QUARTER Q3 SUMMARY Harvest Operational EBIT (Thousand tonnes gw) (EUR/kg.) 6,6 2,79  Quarterly harvest volume of 4,040 tonnes compared to Q3- 6,0 22 at 3,804 tonnes. 4,0  EBIT for the quarter positive of EUR 3.0 million. 3,8 1,55 0,99  Continued Smolt output in Q3 0,73  Good

  4. Slide 4: Where do we operate?

    ICELANDIC SALMON WHERE DO WE OPERATE? Current operation Licence application All production ASC certified SUSTAINABILITY – IT’S IN OUR NATURE 5

  5. Slide 5: Optimizing production on Iceland

    OPTIMIZING PRODUCTION ON ICELAND Temperature Smolt Sea water operations Market People Outlook SUSTAINABILITY – IT’S IN OUR NATURE 6

  6. Slide 6: Temperature profile in Arnarlax

    TEMPERATURE PROFILE IN ARNARLAX Smolt output window SUSTAINABILITY – IT’S IN OUR NATURE 7

  7. Slide 7: Smolt weight

    SMOLT WEIGTH Year 1 Year 2 Year 3 Smolt Jan Feb Mar Apr Maí Jún Júl Ágú Sep Okt Nóv Des Jan Feb Mar Apr Maí Jún Júl Ágú Sep Okt Nóv Des Jan Feb Mar Apr Maí Jún Júl Ágú Sep Okt Nóv Des weight 500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 500 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 350 1 2 3 4 5 6 7 8 9 1

  8. Slide 8: Development of smolt weight in Arnarlax

    DEVELOPMENT OF SMOLT WEIGTH IN ARNARLAX SUSTAINABILITY – IT’S IN OUR NATURE 9

  9. Slide 9: Sea water operations

    SEA WATER OPERATIONS How to optimize seawater operations: Keep control of lice Low density during winter Use equipment adapted to the sites Utilize the best sites optimal SUSTAINABILITY – IT’S IN OUR NATURE 10

  10. Slide 10: Seawater

    SEAWATER Sites at sea How is a typical site in the Westfjords?  Good carrying capacity (>7.000 tonnes)  Optimal temperature during summer and autum  Low winter temperatures, that we are managing. Improve product quality Constant current and flow of water: SUSTAINABILITY – IT’S IN OUR NATURE 11

  11. Slide 11: Market

    MARKET SUSTAINABILITY – IT’S IN OUR NATURE 12

  12. Slide 12: Shift to low-carbon footprint marine transport

    13 SHIFT TO LOW-CARBON FOOTPRINT MARINE TRANSPORT STRATEGIC UPDATE Reykjavik 1 day +120 million people London 6-7 days Toronto Paris Boston New York Washington 95 % REDUCTION IN CO2 EMISSIONS SUSTAINABILITY – IT’S IN OUR NATURE 13

  13. Slide 13: People

    PEOPLE Organizational development and competence building Arnarlax academy  All employees involved one time a year  Managers involved twice a year  Focusing on cooperate culture and goal achievement Blue planet Academy  Is a tool to educate and give employees information  Everyone has to take t

  14. Slide 14: Outlook

    OUTLOOK STRONG GROWTH POTENTIAL  Guidance for harvest volume: — 2023: 17,000 tonnes — 2024: 15,000 tonnes  Experiencing increasing demand for Sustainable Icelandic Salmon  Growth potential unaffected by recent biological challenges  Still see a long-term potential for growth up to 26.000 tonnes

  15. Slide 15: StfandgataT Iceland | eal arnarlax.is Bildudalur (354) 56 0100 [email protected]

    StfandgataT Iceland | eal arnarlax.is 465 Bildudalur (354) 456 0100 [email protected]

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