Pesquera Exalmar SAA · BVL:EXALMC1
Pesquera Exalmar SAA — Investor Presentation (May 2018)
30 slides from Pesquera Exalmar SAA's investor presentation, May 2018
Slide 1: Peru: Sustainable Future
PERU: SUSTAINABLE FUTURE ROSSANA ORTIZ RODRIGUEZ, CEO PESQUERA EXALMAR S.A.A.
Slide 2: Peruvian Sea
PERU: SUSTAINABLE FUTURE PERUVIAN SEA EL NIÑO Peru: unique geographic CURRENT aspects, biodiversity of the Hot waters Peruvian sea with plenty of marine resources. HUMBOLDT CURRENT Cold waters NORTH- CENTER AREA SOUTH AREA 2
Slide 3: Peruvian Anchovy
PERU: SUSTAINABLE FUTURE PERUVIAN SCIENTIFIC NAME: ANCHOVY Engraulis ringens ONLY NOT A MIGRATORY AUTHORIZED FISH. TWO RESOURCE FOR POPULATIONS: FISHMEAL AND CENTER- NORTH FISH OIL STOCK AND SOUTH STOCK Peruvian anchovy has significant advantages over other species. CLOSE SHORT SHORT EXTENSIVE PRESE
Slide 4: Peruvian Fishing Industry
PERU: SUSTAINABLE FUTURE PERUVIAN FISHING INDUSTRY Traditional exports (US$) Non traditional exports (US$) MINING 82% FISHING 9% AGRICULTURE OIL 10% 44% FISHING 5% TEXTIL 11% AGRICULTURE 3% CHEMICAL 12% OTHERS 24% Source: BCRP, INEI. Data 2017. 4
Slide 5: Peruvian Fishing Industry
PERU: SUSTAINABLE FUTURE PERUVIAN FISHING INDUSTRY GDP: main economic activities 2017 % 8.0 8.0% 6.0 4.7% 4.0 SOURCE OF EMPLOYMENT AND 4.1% ECONOMIC AND SOCIAL WELFARE 3.2% FOR THE POPULATION. 2.9% 2.6% 2.0 GDP 2017: FISHING GDP 2017 2.5% 4.7% 0.0 TELECOM FISHING PUBLIC MINING TRANSPORT AGRICULTURE
Slide 6: Responsibility for the Preservation of Marine Resources
WE WORK FOR A SUSTAINABLE FUTURE BY ACTING WITH RESPONSIBILITY FOR THE PRESERVATION OF MARINE RESOURCES
Slide 7: Well-Managed Sustainable Fishery
PERU: SUSTAINABLE FUTURE WELL- MANAGED SUSTAINABLE FISHERY WELL- MANAGED THE ANCHOVY FISHERY OECD AND ECLAC SAY WORLD BANK HAS BY THE MINISTRY OF IS RECOGNIZED AS ONE THE ESTABLISHMENT SHOWN PERU AS PRODUCTION AND THE OF THE BEST MANAGED OF INDIVIDUAL QUOTAS AN EXAMPLE OF CIENTIFIC RESEARCH IN THE W
Slide 8: Well-Managed Sustainable Fishery
PERU: SUSTAINABLE FUTURE WELL- MANAGED SUSTAINABLE FISHERY BEFORE - GLOBAL QUOTA SINCE 2009 - ITQ SYSTEM: SYSTEM (“OLYMPIC RACE”): • Individual quota assigned by vessel. ITQ LEADS THE • Overall fleet reduction (1,200 to 500). INDUSTRY TO FOCUS • • Competition between producers. Focus on increasing s
Slide 9: Well-Managed Sustainable Fishery
PERU: SUSTAINABLE FUTURE WELL- MANAGED SUSTAINABLE FISHERY • Satellite tracking system. • Fisheries monitoring and control program. THE • Protection of juveniles. ANCHOVY Reliable IS, PERHAPS, scientific measures • Temporary closure of fishing areas. THE BEST to preserve the • Prohibition of access
Slide 10: Stable Biomass
PERU: SUSTAINABLE FUTURE STABLE BIOMASS AVERAGE BIOMASS (THOUSAND MT) Thousand MT 2008- 2017: 9,103 12,000 High volumes of 10,000 anchovy biomass for fishmeal and fish oil 8,000 production. 6,000 4,000 2,000 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LANDINGS BIOMASS OF ANCHOVY AVERAGE BIOM
Slide 11: Climatic Impact
PERU: SUSTAINABLE FUTURE CLIMATIC High volumes of anchovy biomass for fishmeal and IMPACT fish oil production. Thousand MT 4,000 100% 98% 3,500 100% 100% 100% 3,000 97% 85% 98% 97% 2,500 99% 99% 80% 71% 100% 99% 97% 98% 2,000 66% 51% 1,500 46% 98% 1,000 32% 90% 500 0 2006 2006 2007 2007 2008 2008 20
Slide 12: El Niño
PERU: SUSTAINABLE FUTURE EL NIÑO The companies have been always facing uncertain climatic conditions. SST Anomalies 3.0 2.5 Niño 1982-1983 Niño 1997-1998 2.0 1.5 Niño 2014-2016 1.0 0.5 0.0 -0.5 -1.0 -1.5 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2
Slide 13: Excellence in the Development of Marine Products with High Protein
WE WORK FOR A SUSTAINABLE FUTURE BY ACTING WITH EXCELLENCE IN THE DEVELOPMENT OF MARINE PRODUCTS WITH HIGH PROTEIN
Slide 14: Leading Producer & Exporter
PERU: SUSTAINABLE FUTURE LEADING PRODUCER & EXPORTER FISHMEAL: FISH OIL Contains between 65% and Growing awareness of the health 70% of high quality protein, benefits of a diet with Omega 3 rich in Omega 3. and Omega 6. Strategic component Advantages of its utilization Health benefits EPA and DHA -
Slide 15: Leading Producer & Exporter
PERU: SUSTAINABLE FUTURE LEADING PRODUCER Word fishmeal Word fishmeal production* exports* & EXPORTER ■ PERU 17% ■ PERU 31% PERU ■ CHINA 11% PERU Leading ■ CHILE 8% producer and exporter of 17% ■ THAILAND10% ■ CHILE 8% 31% ■ DENMARK 7% ■ GERMANY 6% fishmeal and ■ OTHERS 54% ■ OTHERS 48% fish oil. Us
Slide 16: Strategic Role of Fishmeal and Fish Oil
PERU: SUSTAINABLE FUTURE STRATEGIC ROLE Salmon feed formula evolution OF FISHMEAL 69% 31% 10% AND FISH OIL 12% 53% 69% ■ FISHMEAL AND FISH OIL ■ PLANT INGREDIENTS ■ NOVEL INGREDIENTS 10% 19% 16% 11% ■ OTHERS 1990’s Today Future? STRATEGIC INGREDIENT BENEFITS THAT MAKE IT INCREASING APPETITE FOR FISH
Slide 17: Fishmeal and Fish Oil
PERU: SUSTAINABLE FUTURE Fishmeal markets FISHMEAL AND FISH OIL CHINA ■ CHINA 72% ■ GERMANY 10% 72% ■ VIETNAM 4% ■ JAPAN 3% ■ CHILE 3% ■ OTHERS 8% Fish oil markets ■ DENMARK 31% ■ BELGIUM 18% DENMARK 31% ■ CANADA 11% ■ CHILE 10% ■ CHINA 8% ■ OTHERS 22% Data of markets as at december 2017 (MT). Sourc
Slide 18: Qualities of Fishmeal
PERU: SUSTAINABLE FUTURE QUALITIES OF QUALITIES IN THE FISHING INDUSTRY FISHMEAL FIRST SEASON 2017 SUPERPRIME 36% PRIME 34% TAIWAN 8% THAILAND 8% STANDARD 14% 18
Slide 19: Second Fishing Season 2017
PERU: SUSTAINABLE FUTURE SECOND FISHING SEASON 2017 COLD CONDITIONS HIGH PRESENCE TEMPORARY RESTART OF THE END OF SEASON ALONG THE OF JUVENILES CLOSURE SEASON AFTER BY THE END OF COAST UNTIL AND A HIGH AND EUREKA NORMALIZATION JANUARY AS DECEMBER, AS A DISPERSION OF OPERATION. OF CONDITIONS. USUAL,
Slide 20: Second Fishing Season 2017
PERU: SUSTAINABLE FUTURE SECOND FISHING SEASON 2017 The industry reached 2016 2017 THOUSAND MT a catch of 47%, 1ST SEASON 2ND SEASON 1ST SEASON 2ND SEASON due to the delay on the beginning Quota 1,800 2,000 2,800 1,490 of the season, Effective catch/ Quota 51% 98% 86% 47% waiting for better Fishing
Slide 21: Second Fishing Season 2017
PERU: SUSTAINABLE FUTURE SECOND FISHING SEASON 2017 ANCHOVY UNITS (BILLION) Juveniles: 96% Biomass 500 44% (november 2017): 400 6.06 million MT. 300 31% 200 7.6% 100 6.8% 8.8% On April 2018, 0 1.7% a high percentage of juveniles will be adults. Juveniles: 67% 1.0 40.2% BIOMASS (MILLION MT) 0.8 0.6 H
Slide 22: IMARPE's Cruise Results
oO IMARPE’S CRUISE RESULTS
Slide 23: IMARPE's Cruise Results
PERU: SUSTAINABLE FUTURE IMARPE’S Environmental Conditions: Sea Surface Temperature and Salinity CRUISE RESULTS Source: IMARPE. 23
Slide 24: IMARPE's Cruise Results
PERU: SUSTAINABLE FUTURE IMARPE’S Anchovy distribution CRUISE RESULTS Source: IMARPE. 24
Slide 25: IMARPE's Cruise Results
PERU: SUSTAINABLE FUTURE Incidence of juveniles IMARPE’S CRUISE RESULTS Source: IMARPE. 25
Slide 26: IMARPE's Cruise Results
PERU: SUSTAINABLE FUTURE IMARPE’S Current biomass and Acoustic Biomass Summer 1994:2018 CRUISE RESULTS Current biomass: 10.86 million MT. BIOMASS (MILLION MT) BIOMASS (MILLION MT) 35% higher than the average of all summer observations since 1994. 79% higher compared to winter 2017 and 40% higher tha
Slide 27: IMARPE's Cruise Results
PERU: SUSTAINABLE FUTURE Current estructure of biomass of anchovy by sizes IMARPE’S CRUISE RESULTS ABUNDANCE ANCHOVY UNITS (BILLION) November 2017 Juveniles: 96% 500 44% 400 31% ANCHOVY UNITS (BILLION) 300 200 7.6% 6.8% 8.8% BIOMASS 100 BIOMASS (MILLION MT) 0 1.7% BIOMASS (MILLION MT) Juveniles: 67%
Slide 28: IMARPE's Cruise Results: Conclusions
PERU: SUSTAINABLE FUTURE IMARPE’S CRUISE RESULTS CONCLUSIONS THE SIZES OF ANCHOVY FLUCTUATES THE BIOMASS BETWEEN 2.5 THE DECLINE OF ANCHOVY CM AND 17.0 OF SUMMER OBSERVED ON CM OF TOTAL SPAWNING WAS APRIL, 2018, LENGTH. THE OBSERVED BY THE WAS 10.86 PERCENTAGE OF END OF MARCH. MILLION TONS. JUVENILE
Slide 29: The Future
PERU: SUSTAINABLE FUTURE THE FUTURE WE LOOK TO THE FUTURE WITH OPTIMISM THE PRESENCE OF IN THE COMING MONTHS, THIS IS PROMISING JUVENILES IS VERY THE ENVIRONMENTAL FOR FUTURE FISHING POSITIVE BECAUSE IT CONDITIONS IN FRONT SEASONS AND SHOWS THAT, DESPITE THE OF THE PERUVIAN COAST GUARANTEES A HARSH
Slide 30: Peru
PERU
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