Nordic Aqua Partners A/S : 2023 Q2 NOAP Presentation
August 18, 2023 at 12:59 am EDT
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Nordic Aqua Partners
Q2 2023
August 2023
DISCLAIMER
This presentation contains statements regarding future results, which are subject to risks and uncertainties. Consequently, actual results may differ significantly from the results indicated or implied in these statements.
No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, the fairness, accuracy or completeness of the information contained herein. Accordingly, none of Company, or any of its principal shareholders or subsidiary undertakings or any of such person's officers or employees or advisers accept any liability whatsoever arising directly or indirectly from the use of this document.
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Agenda
Highlights and Nordic Aqua Partners in brief
Project Review
Market
Assumptions and KPI's
Financials
Outlook & Summary
3 Nordic Aqua Partners
Highlights
Project development in line with time and budget
CAPEX in Q2 DKK 29 million
Good biological performance in all batches. First batch of fish reached average weight of 900 g by mid August 2023
Continued development of organisation, strengthening competence and capacity within farming operations and first hirings within sales
Available liquidity of DKK 364 million as of 30.06.2023, including cash and undrawn credit facilities
Loan, Eksportfinansiering Norge: 75 million
Working Capital, Bank of Ningbo: 33 million
Cash: DKK 256 million
Changed to Norwegian domicile from mid-August 2023
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Nordic Aqua Partners
only producer of fresh Atlantic salmon in China
Stage 1 is fully financed, and will be completed within Q4 2023, with an annual capacity of 4,000 tonnes of Atlantic salmon
Stage II, adding another 4,000 tons annual capacity is also fully financed when cash from operations in 2024 and 2025 is included, and when completed in 2025 as scheduled, the total annual capacity will be 8,000 tonnes.
Existing plan for 20,000 tonnes and an ambition to reach 50,000 tonnes.
Uniquely located near Shanghai, with access to about 100 million consumers within 5 hours
World-classRAS team providing the best land-based salmon farming experience and know-how
Dedicated support from local authorities and leading industry players
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Nordic Aqua Partners A/S published this content on 18 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2023 04:58:05 UTC.
Nordic Aqua Partners AS is a Norway-based salmon farming company, using cutting-edge Nordic technology to set up a fully integrated and commercially scaled Recirculating Aquaculture System (RAS) farm for Atlantic salmon located in Ningbo, China.Its mission is to be first to deliver live and locally farmed Atlantic salmon direct to the Chinese consumer, saving airfreight cost and import duties and significantly reduce carbon footprint. The RAS farm is located on the Gaotang island, in Xiangshan county of Ningbo municipality, providing logistics to Greater Shanghai and the rest of China. The dedicated land area has a potential to accommodate an annual production capacity of 16,000 tons, with further expansion option to reach annual capacity of 40,000 tons of Atlantic salmon.
NORDIC AQUA PARTNERS A/S 
