Samherji Group Samherji Group October 24, 2013 From Catch to - - PowerPoint PPT Presentation

October 24, 2013

Samherji Group Samherji Group

From Catch to Market

Samherji Group

• Mr. Jóhannes Stefánsson

MD of Esja Fishing

Samherji Group

• Samherji was founded in Iceland in 1983 as a fishing company.
• Soon it developed into a fully vertically integrated seafood company.
• Now 30 years later Samherji has become one of the largest fishing

companies in the world.

• The operations extends from Iceland to :

– Norway, Faroe Islands, UK, Germany, Poland, Latvia, France, Spain, Morocco, Mauritania, Namibia, Canada and the Pacific Ocean.

A Proud History

Samherji Group 3

Samherji Group

The Market Fishing Control Fishing / Fish Farming Processing Export and Logistics Sales

From Catch to Market

Vertically Integrated

Samherji Group 4

Samherji Group

Overview of the Group

Samherji Group 5

Samherji Group

• Turnover 2011, 492 million

EUR.

– Pre tax profit: 68,6 mEUR

• Strong balance sheet and

healthy operation.

• 40 vessels, 13 land based

plants and 5 fish farming locations.

• Catch around 450.000 MT
• f fish yearly.
• Samherji has been

profitable every year.

Facts and Figures

100 200 300 400 500 600 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

Samherji’s Annual Turnover [million EUR]

Samherji Group 6

Samherji Group

Operates in 13 countries

• Iceland
• Norway
• Canada
• Faroe Islands
• UK
• Germany
• Poland
• Latvia
• France
• Spain
• Morocco
• Mauritania
• Namibia

Samherji Group 7

Samherji Group

• Overall Samherji Group operates more than 40 vessels.

– Fishing shrimps, ground fish and pelagic species. – Very well maintained.

The Fleet

Samherji Group 8

DALVIK AKUREYRI

Samherji – Land Based in Eyjafjordur

Two of the most Advanced White Fish Plants in the World

• One plant in Akureyri and one plant in Dalvik.
• Each factory uses 12.000 MT of raw material per year in cod

and haddock.

• The fish processing gives 300 employees stable jobs all year

around.

Samherji Group 10

Samherji – Land Based in Eyjafjordur

• Customers are major retailers in Europe.
• The catching is controlled by the plant with quality and

needs in mind.

• Constantly investing in new technology to improve quality

and service for our customers.

Two of the most Advanced White Fish Plants in the World

Samherji Group 11

Samherji – Land Based in Eyjafjordur

12

Portions on the way to the IQF Freezer

Samherji Group

Samherji – Land Based in Eyjafjordur

13

Frozen Porsions being Packed into Cartons

Samherji Group

Samherji – Land Based in Eyjafjordur

14

Fresh Loins Packed before Shipping

Samherji Group

By Products - Drying Fish Plant

Samherji Group

Dryfish Factories

Two tryfish factories

Samherji Group

• Dryfish factory at Laugar and Dalvík.
• Annual production capacity is 12.000 tons of raw material.
• 35 employees.
• Allows us to fully utilize the catch.

16

Samherji – Pelagic

• A pelagic factory on the east coast of Iceland.

– produces 40.000 MT of frozen products annually.

• In avg. year the fishmeal factory receives 250.000 MT of raw material.

– 50.000 MT fishmeal, 30.000 MT oil.

Our Partners at SVN

Fishmeal factory Pelagic freezing plant Cold Storage 20.000 T

Samherji Group 17

Samherji – Pelagic

• Strategically located on the east

coast of Iceland.

– Close to the fishing grounds.

• Production capacity of 450 MT/day.
• Cold store capacity of 20.000 MT.
• Fish meal and fish oil production.

Our Partners at SVN

Samherji Group 18

Overview of Samherji‘s Fish Farms

Samherji - Fishfarming

• All sustainable farming in land

based facilities.

• Whole Foods IMO certified

farming.

• Fresh arctic charr and salmon.
• Annual production of 4.000 MT.

5 Locations in Iceland

Samherji Group 20

Samherji - Fishfarming

Highly Advanced Processing Plant

Samherji Group 21

Samherji - Fishfarming

Highly Advanced Processing Plant

Samherji Group 22

Samherji - Fishfarming

Highly Advanced Processing Plant

Samherji Group 23

Samherji - Fishfarming

Highly Advanced Processing Plant

Samherji Group 24

Samherji - Fishfarming

• Fresh gutted whole.
• Frozen portions.

– Frozen in IQF freezer. – Packed in cartons or vacuum packed.

• Fresh and frozen fillets.

– IQF frozen. – Pinboned removed. Final Products

Samherji Group 25

Land Based Plant - Germany

• Processing plant for

fresh and frozen fillets and portions.

• Total 10.000 MT p.a. of

raw material.

– Redfish, saith, salmon, cod, and catfish.

Icefresh GmbH Frankfurt

Samherji Group 26

Samherji – Frozen at Sea Germany

• Operating freezer trawlers
• Traditional fishing grounds:

– Norway, Spitzbergen, Iceland, Greenland and North Sea.

• Frozen at sea products, fillets and H/G

DFFU - Cuxhaven

Samherji Group 27

NRL in Canada

Vessel Operation

• Acquired in July 2010.
• Sea frozen vessel, catching

shrimp.

Samherji Group 28

Samherji - Pelagic

Kristina Discharging in Akureyri

Samherji Group 29

Multi Purpose Vessel

Vilhelm at Dock in Akureyri

Samherji Group 30

Faroe Islands

• Mackerel quota in Faroese waters.
• EU customs status on this Mackerel.
• 10.000 – 15.000 MT this summer.
• New markets opened.

Frozen at Sea in Faroe Islands

Samherji Group 31

Faroe Islands

Wet Fish Vessels and Land Based Plant

• Vesturvon

– Frozen at sea.

• Faroe Origin.

– Land based production. – 6 wet fish vessels. – Quota, majority in saith.

Samherji Group 32

Katla Seafood Namibia

• The vessel Heinaste started

fishing in March 2012.

– The vessel was later replaced by the vessel Sirius.

• Total catch in 2012 was

34.200 tons.

• Opened an office in Walvis

Bay and hired two personnel.

• The vessel Heinaste started

again in January 2013.

– Part of the crew is Namibian.

• Very good reputation.

Samherji in Namibia

Samherji Group 33

Katla Seafood Namibia

• In 2012 Katla Seafood Namibia

caught 34.200 tons.

• Samherji is working with 3

quota JVs for 2013.

• Solid relationships with:

– Ministry of Fisheries, – Various Authorities, – Crew and labor unions, – Quota JVs.

• Reputation for:

– Highly advanced vessels, – Highly mordernized and efficient factory, – Very good quality, – Very ethical and transparent, – Law abiding operator.

What Have We Accomplished So Far

Samherji Group 34

• Katla Seafood Namibia /

Samherji Group:

– Seaworthy vessel(s) in good conditions. – Management knowhow and experience.

Katla Seafood Namibia

Our Strenghts

– Access to expert management team including:

• Technical staff, sales people,

directors and etc.

– Access to a good marketing network and brand.

Samherji Group 35

Samherji

Recent Projects

Poland Faroe Island France Canada Iceland

Samherji Group 36

Taiwan

Mali Guinea Liberia Ivory Coast Ghana Burkina Faso Togo Benin Nigeria Cameroon Equitorial-Guinea Congo DR Congo Angola Namibia

Morocco

Samherji Group

Sales and marketing network, extends over 45 countries

Canda USA Brasil Australia China Russia Japan Thailand

Zambia Mozambique Zimbabwe Botswana South Africa

Samherji Group 37

Samherji - Brand

• Our brand from the

beginning.

• 30 years of building up a

strong global brand, with quality image.

Ice Fresh Seafood

Samherji Group 38

Ice Fresh Seafood at Brussel Seafood Exhibition.

Ice Fresh Seafood at Brussel Seafood Exhibition.

At Last

Few facts about Samherji Group

• Strong company both

financially and operationally.

• Strong cash flow from

different resources.

• Global connection between

production and marketing.

• Strong marketing position.
• Flexible fleet within the

group gives possibilities to maximize profit.

Samherji Group 41

Questions?

Samherji Group

Thank you!

Samherji Group