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/
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