Investor Presentaiton

4 6 16 14 12 10 8 ISI ICELAND SEAFOOD Q3 2023 Presentation to Investors and Analysts Continuing strong performance of the S&D division > VA S-Europe > VA N-Europe > Sales & Distribution € m's Q3 23 Q3 22 9M 23 9M 22 Sales 41.7 45.1 133.7 132.1 Net margin 1.5 2.1 5.5 6.1 Normalised EBITDA 0.4 0.9 2.0 2.6 Normalised PBT* 0.4 0.9 1.8 2.5 *Normalised PBT represents Profits before tax before allowing for significant items. Frozen at Sea fillets (€/kg) Saithe Haddock Cod Fresh fish (€/kg) Saithe Haddock 2 2 སྠཽ ཎྜ སཱ ཝ ། ཏྲཱ ཎྜ རཱ དྷ ཎྜ དྷ ཎྜ རྫ ཎྜ སཱ ཝ ། དྷྭ སྠཽ ཎྜ མཱ ཛ རྞ ཅེ 16 12 8 2006 18 14 10 4 ΛΟΝ Dec Jan Feb Mar... April May June July Aug Sept Oct ΛΟΝ Dec Sales growth of 1% in 9M 23 from same period 2022 Continuing good sales of all product categories out of Iceland in Q3, although these have come down slightly from previous quarters, • Sales of pelagic products especially good in the period, helped by strong. capelin season in the beginning of the year, In France and Germany difficult economic situation has impacted demand considerably. Normalised PBT of €1.8m, down €0.7m from 2022 • • Net margin in 9M and in Q3 down €0.6m from last year, impacted by price reductions and higher logistic costs, Operating costs in 9M are in line with last year, but finance costs slightly higher due to increased interest rates. Normalised PBT of €1.8m was €0.7m down on last year. 2022 was a record year in profitability for the division. Cod • Jan Feb Mar... April May June July Aug Sept Oct 8

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