Atlantic Sapphire (ASA) Company Presentation summary

Company overview and timeline

• Atlantic Sapphire established the first significant land-based salmon farm in a major market, pioneering innovative RAS technology.

• The company’s development is structured in three stages: foundation and construction (2017–2023), efficiency improvements (2024–2026), and expansion (2027 onwards).

• Stage 1 focused on building and commissioning Phase 1, gathering unique operational knowledge despite initial challenges.

Stage 2: Operational efficiency and restructuring

• Stage 2 completed a major organizational restructuring in 2024, introducing a new management team with experience from leading aquaculture and seafood companies.

• Action plans target bottleneck removal, operational optimization, and systematic reporting, with a focus on fish biology and confidence-building.

• Facility upgrades include maintenance, cleaning, and process improvements, while processing is vertically integrated and protocols reorganized.

Stage 2A and 2B: Production and capacity maximization

• Stage 2A aims to produce premium salmon at targeted harvest weights, tracking average harvest weight and sales price through 2025.

• Stage 2B focuses on removing bottlenecks to exceed 8,000 tons HOG annual production, with technical upgrades to filtration, CO2 removal, skimming, water flow, and oxygenation.