Kaldvik As · OSL:KLDVK

Kaldvik As — Ice Fish Farm AS — Q3 2022 Earnings Presentation

9 slides from Kaldvik As's earnings presentation, Nov 16, 2022

  1. Slide 1: Ice Fish Farm AS Third quarter 2022 results

    Ice Fish Farm AS Third quarter 2022 results 16. November 2022 Guðmundur Gíslason, CEO Róbert Róbertsson, CFO PRIVATE & CONFIDENTIAL

  2. Slide 2: Ice Fish Farm Q3 Highlights

    ICE FISH FARM Q3 HIGHLIGHTS Operational EBIT per kg of NOK 7 ,0 in the quarter. Harvested volume in Q3 amounted to 1.946 tonnes making YTD harvest volume of 8 151 tonnes. Average weight of the fish in Q3 was low as expected due to early harvest, 2.7kg. Planned 3 200 tonnes harvest in Q4 and reaching

  3. Slide 3: Q3 Results and Financial summary

    Q3 Results and Financial summary Revenue Group (NOK’m) Harvested volume (tonnes) Harvested volume 5.775 tonnes YTD 421.1 Total harvested volume including harvest volume in Laxar Fiskeldi 5,775 - in the period before consolidation (Jan – May) amounted to 8.151 3,628 tonnes. 223.1 178.5 - 1,946 64.0 -

  4. Slide 4: Financial summary

    Financial summary The acquisitions of Laxar Fiskeldi ehf and Búlandstindur ehf have Assets NOKm Equity ratio materially impact on the balance sheet in 2022. 3.947 3.759 Equity 61.3% 58.0% 65.5% 1.713 • Strong balance sheet with equity ratio of 61,3% 30/09/2022 30/06/2022 31/12/2021 30/09/2022 30/06/

  5. Slide 5: Farming – Operational Performance Land

    Farming – Operational Performance Land Smolt production 2022 Increase robustness of smolt production Land North (Rifós and Kópasker) Plan for 2023 in both North and South First full year operations of smolt delivery and delivered over Improve robustness of our smolt 500 tonnes of biomass. Quality co

  6. Slide 6: Farming – Operational Performance

    Farming – Operational Performance Sea farming Q3 2022 Growth and harvest targets Good biological development in Q3 Full focus to make sure we have good biological status • Condition in the sea were good. Good growth of our 2022 generation • Farming is performing better than our plans. Prepare for sm

  7. Slide 7: Certifications that ensure environmentally-friendly production

    Certifications that ensure environmentally-friendly production Certified quality and sustainable aquaculture Transport to USA and other markets Airfreight Icelandair and other airlines are increasing capacity for salmon export. Sea freight Currently we have 1 boat a week to USA Eimskip is adding one

  8. Slide 8: Outlook combined company | Focus on operation performance

    Outlook combined company | Focus on operation performance Market Good opportunity globally for premium salmon Future Growth Forward prices are favourable Focus is on improving quality and performance of the operations 10.000 tonnes license pending in Harvest outlook application Harvest in 2022 ~11.3

  9. Slide 9: PRIVATE & CONFIDENTIAL

    . PREMIUM Bt ICELAND : OMEGA 100% © PROTEIN + QUALITY |; 6 Nowones RICH

Ice Fish Farm AS — Q3 2022 Earnings Presentation on 6ix