Lerøy Seafood Group Cash Management Dagen 22 oktober, Bergen

Transcription

1 Lerøy Seafood Group ASA Lerøy Seafood Group Cash Management Dagen 22 oktober, Bergen CFO HL AS/S&D: Siren Grønhaug

2 Vekstambisjoner i sjømatnæringen Sjømatnæringen i Norge Lerøy Seafood Group Cash Management Samarbeid med DNB

3 Sjømatnæringen

4 Source:Nofima

5 Norwegian seafood NOK 69 billion export value in 2014 Seafood is Norway s third biggest export item Norway is the second biggest seafood exporter in the world Exports to over 130 countries

6 Norwegian seafood 37 million meals of Norwegian seafood - every day!

7 The future is bright? Value: Volume: 7

8 We need more food in the future produced in a sustainable way We expect that the world population will increase from 7 to 9 billion by 2050 There will be a lack of Food Fresh water Area 8 Source: FAO/ Food and Agriculture Organization

9 We need more food in the future produced in a sustainable way About 70% of the earth`s surface are sea water In Norway we only use 0,5 % of the sea area for fish farming We need to use the sea water in a better way than we do today in the future It is our DUTY to use the blue field 9

10 Norway has a unique potential to develop the aquaculture industry Norway has six times bigger sea than land areal The Norwegian aquaculture industry is currently using 0.5% of the sea areal in Norway 10

11 Some people say there has been no technology development in the farming industry. 11

12 Ocean Forest 12

13 Lerøy Seafood Group

14 History Lerøy may trace it operations back to 1899 Significant acquisitions made since 1999 IPO in 2002 World s second largest producer of salmon and trout Produce 3m meals every day, all year around Total supplier of seafood, sells and distributes 4m meals every day, all year around Significant industrial activity both upstream and downstream

15 Fully integrated value chain Fully integrated value chain for production of salmon and trout Large player also in whitefish 2,306 employees Exports: 12% of Norwegian seafood, 16% of Norwegian salmon and 25% of value added salmon. Full traceability

16 NOK million Turnover Lerøy Seafood Group ASA

17 Lerøy Seafood Group ASA Farming VAP Sales & Distribution 17

18 Farming Lerøy Aurora Lerøy Aurora (salmon) Lerøy Midt (salmon) Lerøy Sjøtroll (salmon and trout) Geographic diversification along Norway s long coastline. Lerøy Midt Lerøy Sjøtroll 18

19 Investing in smolt capacity and quality Lerøy Midt capacity 22 mill smolt Laksefjord capacity 11 mill smolt Lerøy Sjøtroll capacity 23 mill smolt Selfsufficient in smolt Belsvik Lerøy Midt first fish harvested end 2014 Laksefjord Lerøy Aurora Lerøy Sjøtroll

20 Lumpfish/Rognkjeks We have invested about 70 mill NOK in 2015 We will have production of Lumpfish in Total production in 2016: 6 mill Our future hero 20

21 VAP Rode Beheer BV Group Capacity of about 16-20,000 tons raw material Lerøy Smøgen Seafood AB Capacity of about 12,000 tons raw material Lerøy Fossen AS Capacity of about 12-15,000 tons raw material Bulandet Fiskeindustri AS(white fish) Total VAP capacity in these factories 40-50,000 tons raw material 21

22 Investing in value added processing Rode Group acquired 2012 Expanded capacity at Lerøy Smøgen i 2013 Expanding capacity at Lerøy Fossen Lerøy Fossen Total VAP capacity of 40,000-45,000 tons raw material Lerøy Smøgen Rode Group 4 factories in Urk

23 Sales & Distribution Global reach and sales to more than 70 countries. A significant industrial activity within trading, processing, sales and distribution of fish. Investments in fish cuts in end markets recent years Processing and fresh distribution facilities: Norway Sweden Finland France Spain Portugal Turkey Netherlands (reported in VAP) Denmark (reported as associate) Fish-cuts/fresh distribution facilities 23

24 New investments in fish cuts Lerøy Arras (France) Developing Sales and Distribution segment Developing the fresh packed category, and getting closer to consumers Sjømathuset (Norway) Lerøy Schlie (Denmark) Lerøy Spain (Madrid) 24

25 Lerøy Seafood Group DNB Kort om Cash Management i Lerøy og forventinger til DNB

26 Cash management i LSG Valuta- og kredittrisiko Omsetning 12,5 milliarder i % er eksport alle valuta typer 70 markeder Import av varer Biomasse i sjø og stor grad av ferskvare leveranser 24/7 DRIFT

27 Lerøy DNB Historikk og samarbeid Seafood Sector Cash Management Trade & Guarantees Markets DNB London, New York.. DNB Finans Cash Management er en vesentlig driver for valg av hovedbankforbindelse Samarbeid også med andre banker 27 27

28 28 28

29 Relasjonsbygging DNB en global bank, men viktig med lokalt fokus og skreddersydde løsninger for kundene Real time og sikker CM Optimale løsninger og være i front i forhold til utvikling Dette vil skape innovasjoner og ikke minst langsiktige relasjoner Cash Management Dagen en god arena for gode relasjoner! 29

30 The future lies ahead of us. Thank you!