EMPRESAS AQUACHILE
BOSTON March 2012
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Company Overview
AquaChile
Rain Forest
Servicing you from Miami
Corporate Social Responsibility
Empresas Aquachile at a glance. AquaChile is a Chilean company that produces and commercializes Atlantic Salmon, Pacific Salmon, Sea Trout and Tilapia.
It has operations in Chile, Costa Rica, Panama and a commercial office in the United States.
149 Sea licenses in Chile to produce Salmon and Trout, which provide a solid basis for its growth.
It owns inland farms in Costa Rica and the only three farming licenses granted in the Bayano Lake in Panama to produce Tilapia.
It is vertically integrated both in the Salmon and Tilapia businesses.
400 customers
in
50 countries.
Empresas Aquachile at a glance.
IPO goals: 2011 physical sales: Financing the company´s growth plan: Investment of U$ 470 millions over the next five years
65,089
17,240
WFE tons.
US$ 501.1 Sales as of December 2011.
Public Company since MAY 19th, 2011
WFE tons.
Production goals 2016: Salmon and Trout: 174,000 WFE Tons Tilapia: 41,000 WFE Tons
Participate in the industry consolidation. Secure financial flexibility.
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Company Overview
AquaChile
Rain Forest
Servicing you from Miami
Corporate Social Responsibility
What happened
in the past 4 years We focused in Trout, Pacific Salmon and Tilapia farming (species not affected by the ISA Virus). We actively participated in the new industry framework design. We upgraded and improved our farming practices.
We did our IPO raising US$ 373 millions and we restructured our financial debt. We developed innovative projects for our Salmon and Tilapia Businesses.
What happened
in the past 4 years We focused in Trout, Pacific Salmon and Tilapia farming (species not affected by the ISA Virus). We actively participated in the new industry framework design. We upgraded and improved our farming practices.
We did our IPO raising US$ 373 millions and we restructured our financial debt. We developed innovative projects for our Salmon and Tilapia Businesses. -Disease free recirculation hatchery: Chaicas.
What happened
in the past 4 years We focused in Trout, Pacific Salmon and Tilapia farming (species not affected by the ISA Virus). We actively participated in the new industry framework design. We upgraded and improved our farming practices.
We did our IPO raising US$ 373 millions and we restructured our financial debt. We developed innovative projects for our Salmon and Tilapia Businesses. -Disease free recirculation hatchery: Chaicas. -State of the art research facility: Lenca.
What happened
in the past 4 years We focused in Trout, Pacific Salmon and Tilapia farming (species not affected by the ISA Virus). We actively participated in the new industry framework design. We upgraded and improved our farming practices.
We did our IPO raising US$ 373 millions and we restructured our financial debt. Alejandro
We developed innovative projects for our Salmon and Tilapia Businesses. -Disease free recirculation hatchery: Chaicas. -State of the art research facility: Lenca. -Harmoniously raised fish: Verlasso.
Cristian
Verlasso salmon
What happened
in the past 4 years
Fish feed plant in Costa Rica.
We focused in Trout, Pacific Salmon and Tilapia farming (species not affected by the ISA Virus). We actively participated in the new industry framework design. We upgraded and improved our farming practices.
Pet food flavoring in Costa Rica.
We did our IPO raising US$ 373 millions and we restructured our financial debt. We developed innovative projects for our Salmon and Tilapia Businesses. -Disease free recirculation hatchery: Chaicas. -State of the art research facility: Lenca. -Harmoniously raised fish: Verlasso. -Other investment and growth projects in the Tilapia business.
Tilapia farm in Bayano Lake, Panamรก.
Structural change in the industry:
Controlling risk New regulation, more oversight and continuous improvement: Concrete results Regulatory framework Fresh Water
Supervision and self-regulation
-Smolts in lakes & estuaries -Broodstock -Biocontainment & bioexclusion -Eggs
Sernapesca workforce increase in X,XI and XII Regions.
Results Mortality Index (%)
128
Sea Water
Farming Licences
Plants
-All in/all out -Fallowing -Density -Biocontainment & bioexclusion -Macrozones
68
2009
-Minimum Distance -New concessions -Time -Transfer -Loss
2010
Harvest Weight Evolution (Kg WFE)
-Biocontainment & bioexclusion from harvesting until packing
Large Size Companies ďƒ Optimal Operational Scale
Vertical Integration throughout the value chain.
AquaChile is vertically integrated in the Salmon business. The Company adds value to all its productive chain, from genetics up to commercialization.
FRESH WATER Eggs & Smolts GENETICS
SEA WATER Farming PROCESSING
FEED
COMMERCIALIZATION
Genetics: 15 years of achievements and proven genetic development.
Aquainnovo: created to be a world class center for genetic improvement in aquaculture. Work Focus: Improve resistance to disease.
Improve species’ reproductive capacity. Shorten production cycle.
83% Aquachile
15% Universidad de Chile
2% Others
Fresh water: Flexibility and excess installed capacity. AquaChile produces smolts not only to supply its own needs but also to eventually sell them to third parties.
Fresh water: Flexibility and excess installed capacity.
23*
hatcheries from the IXth Region to the XIth Region, including 1 hatchery near Santiago.
13**
fresh Water farming licenses in the Xth and XIth Regions for Sea Trout and Coho smoltification.
7
brackish water licenses in the XIth Region for Coho smoltification.
* Four of them are rented under long term contract ** Two of them are rented under long term contract
Sea water: Unique, diversified and large sea license portfolio.
One of the largest farming licenses base and the largest presence within sanitary areas in the Chilean industry.
149 farming licenses distributed in 29 Sanitary Areas -Geographic distribution -Organic growth capacity -Operational and productive continuity -Continuous supply to clients -Species diversification
-Natural, climate and sanitary risks diversification
Sea water: Unique, diversified and large sea license portfolio Los Lagos Region
INDUSTRY Total of 24 sanitary areas
Geographical diversification in farming license for Salmon and Trout production.
AQUACHILE 56 sea licenses in 12 sanitary areas
50% of sanitary areas of the Los Lagos Region
Aysen Region INDUSTRY Total of 34 sanitary areas AQUACHILE 93 sea licenses and 17 sanitary areas
50% of sanitary areas of the Aysen Region
Sea licenses
Sanitary areas
Fish feed plant: State of the art assets to feed our fish.
Joint venture with Biomar in Chile, one of the world’s leading suppliers of high performance fish feed.
126,000 tons of installed capacity.
Modular design allows the company to double its output capacity.
Processing: Installed capacity to absorb growth.
5 plants in Chile with a total process capacity of 170,000 WFE tons, including one of the largest plants in the World
Current processing capacity In thousands of WFE tons
Plant Type
Value Added
Whole Salmon
Whole Salmon
Value Added
Value Added
PAC-HACCP Certification
Yes
Yes
Yes
Yes
Yes
Puerto Montt
Quell贸n
Dalcahue
Chonchi
Calbuco
Location
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Company Overview
AquaChile
Rain Forest
Servicing you from Miami
Corporate Social Responsibility
Vertical Integration throughout the value chain.
Rainforest is vertically integrated in the Tilapia business. The Company adds value to all its productive chain, from genetics up to commercialization.
FRY PRODUCTION
FARMING PROCESSING
GENETICS * The feed plant will be finished in may 2012
FEED* FEED
COMMERCIALIZATION
Genetics: Acquired know how in Salmon applied to Tilapia. The company has an improved genetic program since 2006, which has been managed by Aquainnovo.
Tilapia Costa Rica & Panamรก: Large water volume and favorable climate. Costa Rica
Geographical diversification in Tilapia Production Guanacaste
-Strategic access to large volumes of high-quality water -Optimal location for logistics -21,000 tons WFE capacity
Panama -The Company has the only three tilapia farming licenses granted in Bayano Lake -Potential to produce over 20,000 ton WFE
Bayano Lake
Installed capacity to absorb growth.
1 plant in Guanacaste, Costa Rica with a total capacity of 21,000 WFE tons and 1 Plant in Panama with capacity of 3,000 WFE tons Current production capacity In thousands of WFE tons
Plant Type PAC-HACCP Certification Location
Value Added
Yes Guanacaste
Value Added
Yes Panama
New development in Costa Rica. Association with Biomar.
Association with SPF.
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Company Overview
AquaChile
Rain Forest
Servicing you from Miami
Corporate Social Responsibility
Aquachileinc:
Servicing you from Miami Experienced customer service Reliability and commitment We deliver!
The only Salmon & Tilapia company with operations inside Miami International Airport Improved cold chain Less handling involved
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Company Overview
AquaChile
Rain Forest
Servicing you from Miami
Corporate Social Responsibility
We are committed to our employees, our clients and the environment. -More than 4.800 employees in Chile, Costa Rica, Panama & United States -Benefits above legal requirements OUR LABOR AND ENVIROMENTAL STANDARDS
-On the job training -Costa Rica: ISO 14001:2004, OHSAS 18001:2007 and BAP for Global Aquaculture Alliance, the most demanding at present -Chile: Global GAP certification in progress -Social Responsibility Report available (www.aquachile.com/sustainability)
We are committed to our employees, our clients and the environment.
-To produce quality, healthy and safe food
OUR CORPORATE SOCIAL RESPONSIBILITY PRINCIPLES
-To act in a proactive and respectful way towards the environment -To develop in a safe and healthy work environment -To benefit the communities and suppliers in the places where the company operates
We are committed to our employees, our clients and the environment.
EMPRESAS AQUACHILE
BOSTON March 2012