AquaChile Corporate Presentation. Francisco Lepeley, CFO

Transcription

1 AquaChile Corporate Presentation Francisco Lepeley, CFO North Atlantic Seafood Forum Bergen, March 8th, 2018

2 Our history AquaChile started in the Chilean Patagonia over 25 years ago as a result of the combination of the salmon companies founded by the Puchi and Fischer families. Over time, the Company has grown, both organically and through the acquisition of strategic targets, to become the leading Salmon and Trout producer in Chile. Page. Nº2

3 Salmon and trout production (tons WFE) Page. Nº3

4 AquaChile has a fully integrated value chain Our Egg to Plate approach allows us to ensure: Continuous genetic improvements by managing AquaChile s own genetic program Full traceability and better sanitary control Improved logistics and less dependency on external suppliers Product consistency Proximity to clients and final consumers Pág. Nº4

5 We keep our broodstock of salmon, trout and tilapia in biosecure facilities Salmones Chaicas, now 100% subsidiary of AquaChile, opened in 2013 to maintain and grow in-land the selected group of AquaChile Atlantic Salmon breeders A closed, biosecure, state-of-the-art inland hatchery with a capacity to produce 60 million Salar eggs and up to 3.5 million smolts per year The combination of Chaicas with other AquaChile hatcheries allows for an efficient and biosecure cycle for breeding and spawning AquaChile salars Page. Nº5

6 Through AquaInnovo s work we continually improve our salmon and tilapia genetics AquaInnovo, founded in 2007 as a JV with Universidad de Chile, specializes in fish genetics and provides technical advisory to several clients in the industry AquaInnovo also manages AquaChile s genetics programs for Salmon, Trout and Tilapia, incorporating R&D aimed at genetic improvements Through its subsidiary ATC Patagonia, AquaInnovo runs trials for the development, validation and registry of novel technologies by clients (feed, pharma, salmon farmers) Page. Nº6

7 We grow our own smolts 20+ hatcheries across several regions in Chile 14 lake farming licenses for smoltification of Trout and Coho 1 river license for smoltification of Salar 7 brackish water licenses in Aysén for smoltification of Coho Plans for investing in extra capacity to increase smolt size and increase selectiveness, while concentrating production in less, larger-size units Page. Nº7

8 A geographically diversified production base in sea water 151 licenses in 28 sanitary areas (presence in 48% of sanitary areas of Los Lagos and Aysén regions) Three new licenses recently granted and one pending in the Magallanes region (XII) A superb set of sites for trout farming The areas where we operate have unique water conditions and a very favorable water temperature range Page. Nº8

9 Our processing plants are capable of meeting the highest standards, while optimizing the product mix AquaChile owns 4 salmon processing facilities and 1 tilapia processing plant with a total capacity of 166,000 tons per year Plants count with the following certifications: HACCP CoC ASC BAP Kosher IFS Halal A wide range of value-added products, meeting strict requirements from costumers in different markets Salmon and Trout Tilapia Head-On (H-ON) Headed and Gutted (HG) Portions Bits & Pieces Scrap meat Head-On (H-ON) Fillets Fillet Trim C Fillet Trim D Fillet Trim E Belly / Harasu Harami Skin patch on fillets Breaded fillets Page. Nº9

10 Our proximity to the final clients is key Through our 300+ direct clients, more than 2 million people around the World consume our products every day Since 2002, AquaChile has maintained a direct and active presence in the US market through its subsidiary AquaChile Inc. To date, AquaChile has opened 5 retail stores across Chile in an effort to make our high-quality products available to domestic consumers Page. Nº10

11 AquaChile products are sold directly to over 300 clients in 35 countries Page. Nº11

12 Our specialty branded Verlasso salmon has built a strong reputation and gained a loyal customer base in the US market First ocean-raised Atlantic salmon rated Good Alternative by the Monterey Bay Aquarium Seafood Watch program Its diet is a perfect blend of protein-rich ingredients and natural algae, with oils rich in Omega-3 Fish in : fish out ratio < 1:1 Limited use of medications Farmed at low densities Page. Nº12

13 Financial highlights (2017 vs. 2016) +2% -14% +152% -25% +353% +754% Page. Nº13

14 Takk! sees snart! Please send questions to