Kaldvik As · OSL:KLDVK
Kaldvik As — Ice Fish Farm AS — Q1 2024 Earnings Presentation
10 slides from Kaldvik As's earnings presentation, May 15, 2024
Slide 1: Ice Fish Farm AS Q1 2024
ICE FISH FARM AS Sustainable Premium Salmon Q1 2024 Reykjavík 15 May 2024 GUÐMUNDUR GÍSLASON, CEO RÓBERT RÓBERTSSON, CFO
Slide 2: Q1 Highlights – Challenging End of Spring 22 Generation
Q1 HIGHLIGTS – CHALLENGING END OF SPRING 22 GENERATION Harvest in Q1 24 achieved 3 986 tonnes • Sites in Fáskrúðsfjörður, spring 22 generation were REVENUE GROUP (NOKm) HARVESTED VOLUME HOG (tonnes) finished. Generation highly influenced by winter wounds and low weights affecting price achievement 4
Slide 3: Financial Summary
FINANCIAL SUMMARY Assets NOKm Liabilities NOKm Equity ratio 70% 70% 66% 67% 66% 5.253 1.758 1.689 5.050 1.654 4.900 4.797 4.647 1.422 1.374 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 Non-current assets Current assets Non-current liability Current liabil
Slide 4: NIBD
NIBD NIBD NOKm CHANGES TO NIBD INCLUDING LEASE LIABILITY IN Q1 2024 (NOKm) 1.425 1.289 1.196 64 38 49 1.007 47 911 (62) 1.425 1.289 Q1 24 Q4 23 Q3 23 Q2 23 Q1 23 NIBD 31.12.2023 EBITDA Q1 Working capital Capex Financial items Other /fx loss NIBD 31.3.2024 NIBD án lease Leases NIBD CAPEX FINANCING NI
Slide 5: Dual listing and Capital Markets Day
Dual listing and Capital markets Day Ice Fish Farm is pleased to announce its Capital Markets Day intention to list on the First North market in Iceland. 28 May 2024 This means that the company will be dual 07:30 – Departure from Reykjavík listed, on the Icelandic First North Market and the Norwegia
Slide 6: Farming Operations Land in Q1 2024
Farming Operations Land in Q1 2024 FARMING LAND Q1 OUTLOOK LAND Production has been good in Q1 and biology Release of generation 2024 is coming up and we expect is improved compared to previous generations. increased lower mortality due to better smolt quality. Better growth and lower mortality. Our
Slide 7: Farming Operations Sea in Q1 2024
Farming Operations Sea in Q1 2024 SEA FARMING Q1 2024 OUTLOOK FARMING Average sea temperature was close to normal. Autumn 22 generation and spring 23 generation harvest will Our sea farming operations harvested 3 986 tonnes in the start in Q2 and Q3 2024 and we expect improved biological Q1 aligning
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 Q1 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. Sales Ice Fish Farm has strate
Slide 9: Outlook
OUTLOOK Market Future Growth ⁃ Good opportunity globally for ⁃ Focus is on improving quality and premium salmon. performance of the operations. ⁃ 10 000 tonnes license pending in application. Harvest outlook Investments ⁃ Harvest in 2024 ~21 500 tonnes. ⁃ 2024: NOKm 290. ⁃ Q2 2024 ~600 tonnes. ⁃ Inv
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