Investor Presentaiton slide image

Investor Presentaiton

History of the Company and Present Days In 2021, more than 50% members of the Board of Directors were replaced 1997 The year of the Company's incorporation and development of the distribution segment. 1999 A state-of-the-art plant is opened in Noginsk to produce finished products. 2000 According to TNS Gallup Media, the Russian Sea brand is regarded as the most prominent one in the segment. 2006 Expansion of the sales geography for distribution and supply of finished products: At the end of the year, the distribution network comprises 40 branches and representative offices in big cities of the Russian Federation. 2007 Aquaculture activities are initiated: a trout farm located on Segozero Lake in Karelia is acquired. 2010 Ordinary shares of OJSC Russian Sea Group start trading on the MICEX and RTS stock exchanges, which was the first international IPO of a Russian company on the domestic stock market since 2007. About the Company 2012 The Company launches its first Atlantic salmon farm in the Barents Sea waters in the Murmansk region. The right to farm in the Murmansk region near the Rybachy Peninsula with a total cultivation potential of over 30 thousand t is obtained. 2013 On 28 February 2013, the sale of 100% of CJSC Russian Sea's shares (finished fish products manufacturing segment) to a group of strategic investors is completed. 2014 In September-October 2014, AK&M and Expert RA (RAEX) rating agencies assigns the "A" national scale credit rating to OJSC Russian Sea Group. 2015 A high level of biological risks in aquaculture is confirmed with the detection of critical diseases in the Atlantic salmon population at the Company's farms in the Titovka Bay of the Barents Sea. As a result, more than 70% of fish planned for harvest and sale in 2015-2016 has been lost. 2016 On 4 August 2016, the distribution segment is sold to CJSC Russian Fish Company for about RUB 1.8 billion. 2017 In July and October 2017, the Company completes acquisition of two smolt plants in Norway: Villa Smolt AS and Olden Oppdrettsanlegg AS. The plants are licensed for the production of 7 million pcs. of juvenile rainbow trout and Atlantic salmon smolt in aggregate per year. In December 2017, the Company makes a secondary public offering on Moscow Exchange: 8,338,998 shares with a par value of RUB 100 per share have been placed at a price of RUB 120 per share. 2018 First fish seeds come from the Villa Smolt AS and Olden Oppdrettsanlegg AS plants. The second bulk carrier is purchased. In November, the Company purchases a 40% stake in a fish processing plant in Murmansk. 2019 The first cage complex with 156-metre cages is put into operation in the Kildin Strait of the Barents Sea. 2020 Direct agreements are executed with all federal networks that operate distribution centres. Direct supplies of chilled fish to such cities as Nizhny Novgorod, Krasnodar, Perm, Ekaterinburg and Novosibirsk begin. The first dividends of RUB 430 million are paid. The free float goes up from 8 to 14%. 2021 • We win auctions and execute contracts for the use of three new fishing areas in the Barents Sea: Pitkov Bay, Kislaya Bay and Maly Oleny Zapadny. The third live fish carrier Veidnes (A. Ragulin) is purchased. • A fish processing plant in Murmansk is acquired. • The Setran smolt plant (Norway) with a capacity of 1.5 million pcs. of smolt is purchased. ⚫RUB 3 billion are raised in the debut bond issuance. • Concessional financing steps up under Resolution of the Russian Government No. 1528. "A-" rating is received (ACRA, NCR). • Dividends of about RUB 1.5 billion are paid out. Transition to quarterly IFRS reporting is completed. • A sustainability committee is first established under the Board of Directors and set to work. ⚫ The share buyback programme is prolonged and extended. Russian Aquaculture Today 27.9 thous. t products sold in 2021 9 Atlantic salmon and sea trout farms in the Barents Sea 3 rainbow trout cultivation sites on Segozero Lake 700 employees 10 PJSC Russian Aquaculture | Annual Report 2021 www.russaquaculture.ru/en/ 11
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