Today techs Lerøy Seafood Group ASA: Capital Markets Day 2022

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Lerøy Seafood Group (“LSG”) is holding its first capital market day right this moment, 22 September 2022, at Hitra. The today techs primary theme is LSG’s technique with a selected deal with aquaculture. Monetary and operational targets as much as 2025 might be communicated.

THE DEVELOPMENT OF A FULLY INTEGRATED VALUE CHAIN ​​HAS PROVIDED 20 YEARS OF PROFITABLE GROWTH

Over the previous 20 years, LSG has developed a completely built-in worth chain for seafood. Common earnings development has been 12% pa and return on capital employed has been 17% pa

LSG operates the manufacturing of salmon and today techs trout in three areas in Norway, and has a big enterprise in wild catching which completes the product providing. The downstream enterprise VAP S&D is rising, and an rising proportion of the uncooked materials is processed within the group’s worth chain. LSG now has processing vegetation and gross sales places of work in 14 nations.

THE WORLD’S MOST today techs EFFICIENT AND SUSTAINABLE SEAFOOD VALUE CHAIN

Historically, the worth chain for seafood has been very fragmented, and never at all times appropriate to fulfill the complicated wants of the client. As compared, LSG’s absolutely built-in worth chain is extra dependable, sooner and more cost effective. The group’s worth chain helps traceability, ensures prime quality and rising worth creation by product growth and innovation. That is what our strategic prospects demand, and which we jobber for every day. That is our aggressive benefit, says CEO Henning Beltestad.

FINANCIAL AND OPERATIONAL GOALS BY 2025 AND LATER

Implementation of LSG’s technique will guarantee profitability within the years forward. LSG is right this moment launching the next goals:

  • Turnover of NOK 50bn in 2030
  • Market-leading EBIT per kg for Aquaculture and VAP S&D by 2025
  • Phase EBIT, VAP S&D: NOK 1.25bn by 2025
  • Phase EBIT, Wild catch: NOK 500m by 2025
  • Aquaculture: 205,000 GWT in harvested quantity of salmon and trout (Norway) by 2025

The operational goals for Aquaculture for 2025 are as follows:

  • Manufacturing value: lower of NOK today techs 4.6 per kg by 2025 (measured in financial worth per 2021)
  • Financial pre-factor of 1.19
  • Common slaughter weight of 4.5 kg
  • 93% of salmon and trout should be of superior high quality

Like different companies, we expertise vital value stress pushed by inflation, however by operational enhancements we will counteract this, Beltestad continues.

THIS IS HOW LSG WILL ACHIEVE THE GOALS

LSG will strengthen and additional develop its core enterprise by:

  • Higher biology, as described beneath
  • Higher gross sales and manufacturing planning
  • Growing share of gross sales to strategic prospects and attracting extra strategic prospects
  • An rising proportion of the uncooked materials might be processed by the group’s worth chain
  • Speed up digital transformation and automation

With regard to biology, LSG today techs goals to extend development price, enhance the utilization of licences, additional strengthen survival, and enhance slaughter high quality in addition to additional strengthen its place as a world, local weather and environmentally sustainable meals producer. The slaughter quantity has elevated by 9% over the previous three years, pushed by investments in post-smolt. The post-smolt technique has been profitable however there’s nonetheless unrealized potential. Operations director for aquaculture, Bjarne Reinert will describe this in additional element throughout right this moment’s occasion.

We’ve set ambitionssiøwith however achievable targets. The widespread denominator is operational enhancements in all segments. As we are going to show right this moment, vin clearly outlined plans for how we’re going to optimize operations. I’m assured that we’re heading in the right direction with regard to nonetheless worthwhile development, says Beltestad.

LIVE WEBCAST

The presentation might be adopted on LSG’s web site and the slides are revealed right here: https://www.leroyseafood.com/en/investor/capital-markets-day-2022/

The agenda and schedule for 22 September 2022 is as follows:

  • 12:00-13:30: LSG technique adopted by Q&A with CEO Henning Beltestad
  • 13:45-15:30: Aquaculture technique adopted by Q&A by COO Farming Bjarne Reinert

Sensible data was distributed by way of textual content message on 19 September to contributors on the bodily occasion.

For additional data, contact:

  • CFO Sjur Malm, phone +47 417 72 020
  • CEO Henning Beltestad, phone +47 911 43 545
  • Head of Treasury and Investor Relations Hans Ljøen, telefon +47 481 87 750

ABOUT LERØY SEAFOOD GROUP

Lerøy Seafood Group is a world seafood firm with headquarters in Bergen. The group’s roughly 5,500 workers yearly deal with round 400,000 tonnes of seafood by the group’s worth chain, which corresponds to roughly 5 million meals every single day. The group has a vertically built-in worth chain for redfish and whitefish, in addition to vital exercise with third-party merchandise.

The group’s values ​​of “open, trustworthy, accountable and artistic” shall kind the idea of the group’s complete actions, and work is being executed in the direction of the aim of making the world’s best and sustainable worth chain for seafood. The goal for return on capital employed (ROCE) is eighteen%. The group has set targets for sustainability, together with a discount in emissions of greenhouse gases by 46% by 2030.

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