Icelandic Salmon AS · OSL:ISLAX

Icelandic Salmon AS — Investor Day (September 2023)

15 slides from Icelandic Salmon AS's investor day presentation, Sep 6, 2023

  1. Slide 1: Arnarlax Capital Market Day Tromsö

    ARNARLAX CAPITAL MARKET DAY TROMSÖ 06.09.2023 – Björn Hembre

  2. Slide 2: Sustainability – It's in our nature

    SUSTAINABILITY – IT’S IN OUR NATURE 3

  3. Slide 3: This is Icelandic Salmon

    THIS IS ICELANDIC SALMON Icelandic Salmon AS is listed on the Farming in seven Euronext Growth market in Oslo. Four smolt facilities, sites in three fjords The company is the sole owner and Current capacity All production parent company of Arnarlax ehf. of 7-8 million smolt, ASC** certified dependin

  4. Slide 4: Where do we operate?

    ICELANDIC SALMON WHERE DO WE OPERATE? Current operation Licence application All production ASC certified SUSTAINABILITY – IT’S IN OUR NATURE 5

  5. Slide 5: Smolt production

    ICELANDIC SALMON SMOLT PRODUCTION SMOLT FACILITIES  Have today 3 facilities in operation, and a 4th under reconstruction  Capacity og 7-8 mill smolts, depending on smolt size  Have licences for 3.000 tonnes of MAB  Have sufficient smolt capacity for existing licences in sea SMOLT STRATEGY  Impl

  6. Slide 6: Sea farming

    ICELANDIC SALMON SEA FARMING SEA OPERATION OPERATION CENTER – FEEDING  23.700 tonnes of MAB, in 3 fjords.  Arnarlax operates a high class feeding center in land at Bíldudalur.  8 sites — Where people are constantly monitoring and feeding the salmon — Split into 5 generation zones.  All productio

  7. Slide 7: Harvesting

    ICELANDIC SALMON HARVESTING HARVEST PLANT  Located in Bíldudalur with short distance to sea-water operations  Capacity 30.000 tonnes/year  BRCGS certified  Use super-chill to extend shelf life SUSTAINABILITY – IT’S IN OUR NATURE 8

  8. Slide 8: Sales

    ICELANDIC SALMON SALES SALES TEAM  Located in Reykjavik Where are our customers in 2022?  Our internal sales team sell all of our salmon 2%  Working close with premium customers in US and Europe  Focus on Quality, Sustainability and Origin 22% 76% Asia Europe North America SUSTAINABILITY – IT’S

  9. Slide 9: Shift to low-carbon footprint marine transport

    10 SHIFT TO LOW-CARBON FOOTPRINT MARINE TRANSPORT STRATEGIC UPDATE Reykjavik 1 day +120 million people London 6-7 days Toronto Paris Boston New York Washington 95 % REDUCTION IN CO2 EMISSIONS SUSTAINABILITY – IT’S IN OUR NATURE 10

  10. Slide 10: The next big region within salmon farming

    ICELANDIC SALMON THE NEXT BIG REGION WITHIN SALMON FARMING A FRAMEWORK FOR FUTURE GROWTH MRI RAISED MAB TO 106,500 TONNES  The Marine Research Institute (MRI) recently carried out an updated Risk Assessment IN 2020 — A figure of 106,500 tonnes of fertile salmon was set . 144.500  Total of 10 fjord

  11. Slide 11: Future possibilities

    ICELANDIC SALMON FUTURE POSSIBILITIES Boston Consulting Group Report Critical mass of Production  The minister asked BCG to investigate and make a report on  Most industries are dependent on a critical produced volume the possibilities of aquaculture in Iceland to obtain large scale effects (to be

  12. Slide 12: Comparison with Faroe Island

    ICELANDIC SALMON COMPARISON WITH FAROE ISLAND  Faroe Islands produced with only 56% of the coastline of West Fjords —89.000 tonnes in 2022 FAROE ISLANDS  There are 3 companies operating in Faroe Island —Bakkafrost, Hiddenfjord and MOWI Faroe Islands ICELAND  Export value of DKK 4,68 billion (2022

  13. Slide 13: Outlook

    OUTLOOK STRATEGIC STEPS Harvest volumes within existing licences  2023: 16.000 tonnes  26.000 tonnes within existing licences Measures for organic growth  Bigger and more smolt of good quality  Best operational practice  2 more sites in Arnarfjörður  Bigger farming areas on existing sites Pote

  14. Slide 14: Dual listing

    DUAL LISTING STRATEGIC STEPS DUAL LISTING ON FIRST NORHT  Group has engaged in advisory service agreement with Arion Bank, with the objective of preparing for listing of the Group’s shares on the First North stock exchange in Iceland. — Depository notes . — No new shares issued.  Expected to be op

  15. Slide 15: StfandgataT Iceland | eal arnarlax.is Bildudalur (354) 56 0100 [email protected]

    StfandgataT Iceland | eal arnarlax.is 465 Bildudalur (354) 456 0100 [email protected]

Icelandic Salmon AS — Investor Day (September 2023) on 6ix