Murray Cod Australia Limited · ASX:MCA
Murray Cod Australia — FY2023 Earnings Presentation
14 slides from Murray Cod Australia's earnings presentation, Aug 31, 2023
Slide 1: 2023 Annual Results Summary
MURRAY COD AUSTRALIA LIMITED 2023 Annual Results Summary* Life tastes better our way For personal use only ASX code: MCA * All figures included in this presentation are unaudited in respect of the year ended 30 June 2023
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Murray Cod Australia Limited (the “Company”). It does not purport to contain all the information that a prospective investor may require in connection with any potential investment in the Company. You should not treat the contents of this presentatio
Slide 3: 2023 Highlights
2023 HIGHLIGHTS • Excellent Spawning Season in Summer of 22/23 • Price Rises and demand growth For personal use only • New Hatchery Site Purchased and DA approved • DA Approved for 50 New Grow-out Ponds • 16 New Ponds completed as planned • Upgrades to Existing Hatcheries • Export Market Development
Slide 4: FY 2023 Numbers
FY 2023 NUMBERS (ROUNDED VERSUS FY 2022 ) Total Revenue Fish Sales* Tonnes Harvested (excluding fingerlings) For personal use only $12.3M 8.78% $9.5M 4.67% 430 18% Net Profit (Loss) Biological Assets Price Per Kilo before Tax and Inventory ($8.6M) 14% $20.9m 42% $24 9% * Plus Fingerling sales of $1.
Slide 5: Revenue Plus Gain in Biological Assets
REVENUE PLUS GAIN IN BIOLOGICAL ASSETS $25.76m* REVENUE GROWTH DRIVERS $22.21m For personal use only $2.49m Provision for • Demand is strong Biological Inventory • Price has been increasing $14.26m • Sales Pipeline is promising • Fish in Water is the critical success factor $8.48m $19.72m • Expandin
Slide 6: Price Growth
PRICE GROWTH Live Fish Processed Fish Prices +50% 28 27 24 Prices Live Fish Price For personal use only 24 Avg. MCA Price 26 25 23 22 22 24 21 21 22 21 19 Avg. Market price 22 20 19 19 20 18 18 18 18 18 17 MCA entered the Live 17 16 fish market in March 16 2020 16 15 14 14 2016/17 2018/19 2017/18 20
Slide 7: Number of Ponds per Calendar Year
NUMBER OF PONDS PER CALENDAR YER INCLUDING PLANS FOR 2023/24 +2,500% GROWTH TRAJECTORY 100 • The company’s growth trajectory of For personal use only 10,000 tonnes by 2030 is still on track +100% • Development Application for 50 ponds 50 at new Stanbridge site is approved 34 • Construction of new ha
Slide 8: COVID Hangover - Impact on Revenue
COVID HANGOVER - IMPACT ON REVENUE Development at Whitton Site Feb 2023 • From August 2022 we limited sales of fish in the 2.5Kg+ range. For personal use only We also reduced sale of fish from 1.5kg+ to increase biomass in 2kg+ range • Despite 18% fall in tonnage, fish sales revenue fell less than 5
Slide 9: 2023/24 Capital Expenditure Outlook
2023/24 CAPITAL EXPENDITURE OUTLOOK • 50 Free Range Ponds at new “Stanbridge Site”– DA Approved For personal use only • 1st Stage of Infrastructure build underway at new Hatchery Site • On track to complete Silverwater & Euberta hatchery upgrades before spawning in spring 2023 • 50% conversion of Mc
Slide 10: Sustainability
SUSTAINABILITY RESTOCKING PROGRAM NEW INITIATIVES For personal use only • 1.45 Million Fingerlings to • Out of season Spawning native waterways for re- • Feed trials and development stocking programs • CSIRO partner in breeding program Less Waste = More Margin • Free Range Pond technology • Electric
Slide 11: What We Believe In
WHAT WE BELIEVE IN For personal use only 11 aquna.com All figures included in this presentation are unaudited in respect of the year ended 30 June 2023
Slide 12: Aquna Is a Luxury Fish, It Is Not a Commodity
AQUNA IS A LUXURY FISH IT IS NOT A COMMODITY Delicate. Clean. Sweet. For personal use only Aquna Murray Cod has a firm texture and naturally clean, creamy flavour. The pale white fillet has a large flake and relatively high fat content making it perfect for most cooking conditions. That is why Aquna
Slide 13: For personal use only
For personal use only Aquna has created a luxury fish product by combining natural processes evolved over millions of years with cutting edge technology that has resulted in a fantastic quality fish. Heston Blumenthal, Michelin starred chef. 13 aquna.com All figures included in this presentation are
Slide 14: Murray Cod Australia Limited
Murray Cod Australia limited For personal use only aquna.com All figures included in this presentation are unaudited in respect of the year ended 2023