Oceana Group (OCE) Small Cap Growth Virtual Investor Conference summary

Business overview and operations

• Operates as one of Africa's largest fishing companies, with activities in South Africa, Namibia, and the Gulf of Mexico.

• Engaged across the full value chain: fishing, processing, and global export to 39 geographies.

• Structured around three main pillars: Lucky Star Foods (FMCG), Wild Caught Seafood, and Fish Meal & Oil.

• Lucky Star is a leading canned protein brand in Southern Africa, commanding 95% market share in its segment.

• Fish meal and oil operations supply U.S. pet food and global aquaculture markets, with significant capacity for growth.

Product and market diversification

• Sources raw materials globally due to local resource constraints, with canneries in South Africa, Namibia, Thailand, and China.

• Product range includes canned fish, meat, vegetables, and value-added seafood products.

• Wild Caught Seafood includes hake, horse mackerel, lobster, and squid, serving Europe, Africa, U.S., and Far East markets.

• Fish meal and oil business operates seasonally in the Gulf of Mexico, with well-managed, sustainable fisheries.

• Diversification across species, geographies, and currencies mitigates risks from regulatory and environmental factors.

Growth drivers and strategic initiatives

• Lucky Star brand expansion into new product categories and African markets is a key growth driver.

• Fish meal and oil business targets volume growth by increasing factory capacity in both U.S. and South Africa.

• Investments over ZAR 300 million made to expand processing capacity in South Africa.

• Wild Caught Seafood growth pursued through partnerships or acquisitions of smaller quota holders.

• No current plans to expand Lucky Star into North America; focus remains on Africa and potential aquaculture opportunities in Asia.