MOANA NEW ZEALAND REPORT

This report details the work of Moana New Zealand (Moana) for the 2021/22 fiscal year – 1 October 2021 to 30 September 2022.

Acknowledgements

I wish to make special mention and thank Hinerangi Raumati, Alan Gourdie, Jason Witehira, Liz Ward and Tony Hannon who this year retired from the Moana New Zealand Board . Thank you all for your valuable contributions, particularly Hinerangi who led as Chair for the final two years of her term

Welcome to the new members of our Board, Dylan Lawrence and Paki Rawiri, and we welcome back Jamie Tuuta who re-joined the Board this year

We are very proud to have introduced an Associate Director Programme this year, as our way of developing emerging Māori expertise and fostering governance capabilities This is just one of the ways we are helping to shape the future of the kaimoana sector, Māori economy and providing meaningful opportunities for tomorrow’s leaders

The first of our future leaders appointed as Associate Directors are Ngarimu Parata (Ngāti Porou, Ngāi Tahu) and Linda Grave (Whakatōhea)

30-year reflection

It was a pleasure to celebrate 30 years since the signing of the Deed of Settlement in Wellington earlier this year It’s been quite a ride

While Moana New Zealand is a commercial vehicle through which we undertake the business of fishing, over the past 30 years it’s grown to be bigger than that It’s our whakapapa and a legacy right that we never take for granted

Some of the things we can be proud of is being the first fully integrated Tio business in Aotearoa That means we control the process from spat to market We are proud of the quality of our Tio that can be harvested year-round and are found at some of the best restaurants around the world

We’re lightening our farming practices and have invested in semi-automated farming that has removed over 90% of in-water infrastructure and provides better working conditions for our people

Pāua Kahurangi is a beautiful product and hasn’t been without its challenges We’re proud of our team of innovators who are constantly looking at ways to protect and improve our investment in farmed pāua

At the heart of the Moana business is Ika, our inshore fisheries . We catch thousands of tonnes of fish every year using a range of methods and our fishers are using technology in new and incredible ways They’re always looking for ways to maximise the potential of VMS and electronic reporting and I’m proud to say that we’re the only ones with cameras on all of our trawl vessels

With Sealord we’re investing in Precision Seafood Harvesting which fundamentally changes the way we fish and has resulted in massive improvements in selectivity that lets juveniles escape and improving the quality of our landed species

We branched out into the value-add space through our Palmerston North operations to produce pouches for humanitarian purposes around the world The driver is risk mitigation and capacity utilisation The new range of ambient and chilled pouches are getting an amazing reception, finding their way into supermarkets across Aotearoa and also into the US via Amazon

Kōura and Pāua Tūwā are an incredibly important part of our consortium We love being a part of the Port Nicoholson whānau and our kōura continues to provide outstanding earnings

Unsurprisingly the secret sauce in all of this is our people who undertake the mahi Our people continue to be passionate and committed to achieving the continued success of Moana At Moana we’re trying to create more than jobs, it’s about fostering a whānau like environment and fundamentally developing career paths I’m proud of health and wellness programme that we have at Moana The safety elements are the solid foundation on which we are continuing to build our wellness programme upon Moana has a strong portfolio and we’re focused on providing balance to insulate from inevitable future market shocks or economic hits Kai Ora and Tio are the pou on which we rest our growth aspirations

Our Kai Ora facilities in Palmerston North is less than 10 years old and built with plenty of capacity for future growth We currently produce 2 million pouches with capacity for 10 million

Our vision for Tio is to grow to 2 million dozen and then onto three, making us the most dominant force in the industry

The way to maximise the value of Moana and in fact the wider seafood industry is through scale and consolidation Our strength will come from our unity and finding the right balance between scale and individual owner aspirations . We are never going to leave the business of fishing so it’s incumbent on Moana to provide real value to ensure that fishing and we, remain important to you as our owners

The job of Moana is to advance our commercial cohesiveness and collective progress, to protect and enhance our settlement assets, to ensure we able to stay in the business of fishing as leaders, navigators and kaitiaki That is a job we relish, we appreciate it as a responsibility and we know it to be a privilege

Rachel Taulelei Chair Moana New Zealand