SalMar ASA
Q2 2021 Presentation
26 August 2021
CEO Gustav Witzøe
CFO & COO Trine Sæther Romuld
Agenda
- Highlights
- Operational Update
- Financial Update
- Strategic Update
- Outlook
SalMar leading the way forward
Strengthening our platform for further growth across the entire value chain in all regions
Icelandic | Scottish | SalMar | ||||||||||
SalMar | ||||||||||||
Salmon | Sea Farms | Ocean | ||||||||||
GENETICS & | COASTAL | INDUSTRY & | ||||
SMOLT | FARMING | SALES | ||||
Main events in 2021 | ||||||
Construction ongoing | Increase of MAB | Vikenco in operation | Launch of new brand | Increasing production | ||
of new RAS facilities in | capacity through | from Q2 2021 | capacity through | |||
Senja and Tjuin | strategic acquisitions, | Acquired two smolt | acquisition of Grieg | |||
Nekton Havbruk AS | InnovaNor in operation | facilities, increasing | Seafood Hjaltland UK | |||
First production cycle | and Refsnes Laks AS | from Q4 2021 | smolt capacity | |||
completed in closed | ||||||
net pen |
Sent site application for first open ocean unit, Smart Fish Farm
3
HIGHLIGHTS
Continued solid operational performance and increasing salmon prices has led to satisfactory results
- Total operational EBIT 633 MNOK from Norway, including Icelandic Salmon total operational EBIT 661 MNOK
- Central and Northern Norway with stable development and good results
- Negative contribution from fixed price contracts and increased cost due to start-up of new harvesting plants and weakens result from Sales & Industry
- Good operational performance and increased price achievement improving results from Icelandic Salmon
- Volume guiding for 2021 kept unchanged
- Upgrade of Vikenco finalized, InnovaNor close to completion with expected start-up Q4 2021
- Secured funding for further sustainable growth trough successful issue of green bond and private placement
Harvest volume
(1,000 tons gw)
EBIT/kg
(NOK)
Operating income
(NOKm)
OPERATIONAL UPDATE
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SalMar ASA published this content on 26 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2021 04:50:03 UTC.