Kaldvik As · OSL:KLDVK
Kaldvik As — Ice Fish Farm AS — Q1 2023 Earnings Presentation
9 slides from Kaldvik As's earnings presentation, May 24, 2023
Slide 1: Ice Fish Farm AS First quarter 2023 results
Ice Fish Farm AS First quarter 2023 results 24 May 2023 Guðmundur Gíslason, CEO Róbert Róbertsson, CFO PRIVATE & CONFIDENTIAL
Slide 2: Q1 Highlights
Q1 HIGHLIGTS Harvest starts again in Q3 as planned and still 6000 tones in 2023 and 20.000 tonnes in 2024 Operational EBIT of NOK -0.3M in the quarter 5.6 million fish in the sea of the generation 2022 and total biomass of 6 180 tonnes at the end of the quarter Agreement on a long-term bank financin
Slide 3: Q1 2023 Results
Q1 2023 Results Revenue Group (NOK’m) Harvested volume HOG (tonnes) Harvest will resume in Q3 2023. 669.5 No harvesting in the first two 8,925 - quarters of 2023. Harvesting is expected to resume in Q3 2023. 155.5 - 2,712 - Revenues in group mainly due to 37.4 processing in Búlandstindur for - exter
Slide 4: Financial summary
Financial summary Equity Assets NOKm Equity ratio • Strong balance sheet with equity ratio of 70.4% 4.647 3.683 70.4% 61.9% 66.3% Assets 1.658 • Main changes are related to issuance of new share capital 3/31/2023 12/31/2022 3/31/2022 3/31/2023 12/31/2022 3/31/2022 • Total investments during the quar
Slide 5: Refinancing of the Company and Private Placement
Refinancing of the Company and Private Placement Loan agreements and Private Placement Loan Agreements Reached an agreement with DNB Bank ASA, Nordea Bank Abp, filial i Norge, Arion Banki hf and Landsbankinn hf for a long-term bank financing package of up to EUR 156.2 million The initial drawdown on
Slide 6: Operational Performance Land
Operational Performance Land Smolt production 2023 Land Production Plan for 2023 for smolt production Waste from land producit0on is gold for farmers. Improve robustness of our smolt Quality control implementation New wells and degassing work in progress, to increase water flow and have optimal wate
Slide 7: Operational Performance Sea
Operational Performance Sea Sea farming Q1 2023 Growth and harvest targets Biological development in Q1 Full focus to make sure we have good biological • Temperature in sea was just status below normal Continue with releasing big size smolt in 2023 • Biological development in Q1 in the sea which wil
Slide 8: Outlook
Outlook 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 2023 ~6 000 tonnes Harvest in 2024 ~20 000 tonnes Investment
Slide 9: PRIVATE & CONFIDENTIAL
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