Kaldvik As · OSL:KLDVK
Kaldvik As — Ice Fish Farm AS — Q4 2023 Earnings Presentation
10 slides from Kaldvik As's earnings presentation, Feb 29, 2024
Slide 1: Ice Fish Farm AS Q4 2023
ICE FISH FARM AS Sustainable Premium Salmon Q4 2023 Reykjavík 29. February 2024 GUÐMUNDUR GÍSLASON, CEO RÓBERT RÓBERTSSON, CFO
Slide 2: Year of building biomass – Growth for 2024
Year of building biomass – Growth for 2024 Q4 HIGHLIGTS Operations Biomass tripled during 2023 and reached 16 132 tonnes at year-end REVENUE GROUP (NOKm) HARVESTED VOLUME HOG (tonnes) 2023 compared to 5 233 tonnes year-end 2022. 669,5 8.925 Low mortality and good biologic status in Q4 2023, except a
Slide 3: Financial Summary
FINANCIAL SUMMARY Assets NOKm Liabilities NOKm Equity ratio 70% 70% 67% 66% 1.689 1.654 62% 5.050 4.900 4.797 4.647 1.422 1.374 1.401 3.683 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 Non-current assets Current assets Non-current liability Current liabil
Slide 4: NIBD
NIBD NIBD NOKm CHANGES TO NIBD INCLUDING LEASE LIABILITY IN Q4 2023 (NOKm) 1.289 44 1.196 99 1.134 36 1.007 911 (85) 1.289 1.196 NIBD 30.9.2023 EBITDA Q4 Working capital Capex Financial items NIBD Q4 23 Q3 23 Q2 23 Q1 23 Q4 22 31.12.2023 NIBD Leases NIBD CAPEX FINANCING NIBD increased by NOKm 93 in
Slide 5: Roy Tore Rikardsen appointed CEO of Ice Fish Farm AS
Roy Tore Rikardsen appointed CEO of ICE FISH FARM AS New CEO Appointment Announcement • Roy Tore Rikardsen appointed as the new CEO of Ice Fish Farm AS. • Brings over 20 years of experience in the salmon farming industry. • Expertise in operations in cold water regions like Northern Norway and Canad
Slide 6: Operational Performance Land in Q4
OPERATIONAL PERFORMANCE LAND IN Q4 Land South Land North Land South has embarked on a transformative journey, 2023 heralded a landmark year for Land North, producing the most setting new benchmarks in aquaculture through a series of successful output in ICE history, characterized by less than 2% str
Slide 7: Sea in Q4
Sea in Q4 SEA FARMING Q4 2023 OUTLOOK FARMING Our sea farming operations harvested in a production volume of Q1 is a lower growth period in Iceland. 4 202 tonnes in the Q4 Encountered challenges at one site due to winter wounds, leading to Average sea temperature was close to normal. the harvesting
Slide 8: Operational Performance Harvesting and Sales
OPERATIONAL PERFORMANCE HARVESTING AND SALES HARVESTING AND SALES Harvesting Running well and delivering as expected. Operational capacity in Q4 up to 27 000 fish per day in a single shift. Aiming to increase capacity to 30 000 fish per day, approx. 140 tonnes per day. Further enhancements and certi
Slide 9: Outlook
OUTLOOK Market ⁃ Good opportunity globally for premium salmon. Future Growth ⁃ Focus is on improving quality and performance of the operations. ⁃ 10 000 tonnes license pending in application. Harvest outlook Investments ⁃ 2024: NOKm 290. ⁃ Harvest in 2024 ~21 500 tonnes. ⁃ Investment program to reac
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