Investor Presentaiton
ISI
ICELAND
SEAFOOD
Q3 2021
Presentation to Investors
and Analysts
External challenges continue to exist but big
opportunities in the long run
Demand in Iceland Seafood's key markets Investments going forward can be
continues to be strong
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Demand continues to be strong in our key
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markets. The challenge is to bring the products to the
customers in a highly volatile operating environment
with low visibility on various cost factors and
availability,
segmented in three main categories:
Disruption and price increases in various supply chains •
are expected to continue for the coming months,
especially in relation to transportation to and from
Asia, which is especially impacting our UK operation,
Local production in Europe becoming more
competitive where automation and investments in
production efficiencies will play a key role,
All these factors have had and will have significant
impact on the operating environment. Further price
inflation is expected,
The overall impact on Iceland Seafood operations is
uncertain, different factors will both bring new
opportunities and challenges,
The operation of Iceland Seafood is well balanced, the
company is in good position with its strong sourcing
base and value-added operations close to key markets.
.
Investments connected with sustainability
matters. E.g. Solar Panels, waste management,
water treatment etc. New head of ESG for the
Group, Elma Sif Einarsdóttir, will start in
January 2022.
Investments connected with automation and
operational efficiency. This is key in driving
efficiency, further enhancing consistency and
increasing competitiveness,
Marketing and branding investments, Iceland
Seafood has invested in companies with retail
or consumer brands (Carr&Sons, Ahumados
Dominguez). The Group plans to further invest
in the brands it holds and increase their value,
With the combination of these investments
Iceland Seafood will drive organic and acquired.
growth going forward. Along with cross sales
between units, this is key in increasing
profitability in the future,
This is in line with the Group's strategy of
focusing mainly on value-added activities in
Europe.
50
45
45
40
40
GROUP MONTHLY SALES YTD 2021 VS 2020 & 2019
(€'M)
43
45
42
44
38
42
39
37
36
36
35
35
37
35
37
34
36
33
35
33
35
30
33
32
33
30
32
32
32
30
30
29
31
28
25
20
21
24
24
15
Jan
Feb
Mar Apr May Jun
Jul
Aug Sep
Oct
Nov
Dec
2021
2020
2019
October 2021 achieved the highest sales
number ever for Iceland Seafood €44.7m
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