Kaldvik As · OSL:KLDVK
Kaldvik As — Ice Fish Farm AS — Q3 2023 Earnings Presentation
12 slides from Kaldvik As's earnings presentation, Nov 16, 2023
Slide 1: Ice Fish Farm AS – Sustainable Premium Salmon
ICE FISH FARM AS Sustainable Premium Salmon
Slide 2: Turnaround Quarter >15th Tonnes in Sea – Q3 Highlights
TURNAROUND QUARTER >15th TONNES IN SEA Q3 HIGHLIGTS Operations REVENUE GROUP (NOKm) HARVESTED VOLUME HOG (tonnes) Good biological production in the quarter and good condition. 669,5 8.925 Biomass increased by 6.572 tonnes (76%) in the quarter to 15.174 - tonnes at the end of Q3. Smolt transfer in 20
Slide 3: Financial Summary
FINANCIAL SUMMARY Assets NOKm Liabilities NOKm Equity ratio 70,4% 66,2% 61,9% 61,3% 4.900 4.797 1.654 1.526 1.374 1.401 3.683 3.947 30.9.2023 30.6.2023 31.12.2022 30.9.2022 30.9.2023 30.6.2023 31.12.2022 30.9.2022 30.9.2023 30.6.2023 31.12.2022 30.9.2022 Non-current assets Current assets Non-current
Slide 4: NIBD
NIBD NIBD NOKm CHANGES TO NIBD INCLUDING LEASE LIABILITY IN Q3 2023 (NOKm) 36 9 51 224 1.196 1.134 1.080 911 1.196 (35) 911 30.9.2023 30.6.2023 31.12.2022 30.9.2022 NIBD Leases NIBD Investments 2023 - 2024 Loan agreement NIBD increased by NOKm 285 in Q3 Total Capex investment YTD NOKm 135 Ice Fish F
Slide 5: Executive Management Today
EXECUTIVE MANAGEMENT TODAY Guðmundur Gíslason Jens Garðar Helgason Hiring of new CEO ongoing CEO Deputy CEO ⁃ Co-founder of Ice Fish Farm ⁃ Former CEO of Laxar, CEO of Fiskimid ⁃ Bs in Business and MBA from University of Exporting since 2017. The current executive management team is Reykjavík ⁃ Norw
Slide 6: Operational Performance Land in Q3
OPERATIONAL PERFORMANCE LAND IN Q3 SMOLT PRODUCTION 2023 LAND PRODUCTION INVESTMENTS Production of smolt is improving on land. Land North New house in Rifós to increase capacity and maintain high Smolt transfer in 2023 reached 5,4M with average size biological standards. above 300 gr, biggest groups
Slide 7: Land South and New Fresh Water Site
LAND SOUTH AND NEW FRESH WATER SITE NEW FRESHWATER STATION CLOSE BY POST SMOLT Location will be next to our post smolt station where we have Build new facility under one roof: 27.000 cubic capacity already. Hatchery for eggs Start feeding Expect to Produce 3-4 million smolts On growing 600 gr May Va
Slide 8: Best Quarter Ever – Records in Biomass Production
BEST QUARTER EVER – RECORDS IN BIOMASS PRODUCTION SEA FARMING Q3 2023 OUTLOOK FARMING 10,2 million fish in sea and 15 174 tonnes at end of Q3 2023. Q4 is a growth period in Iceland. Biomass increased by 6.572 tonnes (76%) in the quarter. Manage to utilize equipment well and see lower investment need
Slide 9: Production Zones of Ice Fish Farm
PRODUCTION ZONES OF ICE FISH FARM BIOLOGY AND WELFARE IS ENHANCED WITH PRODUCTION ZONES • ICE FISH FARM is the only farmer in the total farming area of east coast. • East coast zone management was implemented in 2022 to reduce risk and increase biological results. • Each zone has its own equipment,
Slide 10: Operational Performance Harvesting and Sales
OPERATIONAL PERFORMANCE HARVESTING AND SALES HARVESTING SALES Running well and delivering as expected. Contracts for sales in Q4 2023 through Q1 2024 Updates have worked well. Already secured 30% on premium prices Ice dosing Not increased as spot prices are favourable in Box handling Q4 2023-Q1 2024
Slide 11: Outlook
OUTLOOK Market ⁃ Good opportunity globally for premium salmon ⁃ High market prices expected. Future Growth ⁃ Focus is on improving quality and performance of the operations ⁃ 10 000 tonnes license pending in application Harvest outlook ⁃ Harvest in 2023 ~4 500 tonnes ⁃ Harvest in 2024 ~21 500 tonnes
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