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EMPRESAS AQUACHILE
BOSTON
March 2012
1 Company
Overview
2 AquaChile
3 Rain Forest
4 Servicing you
from Miami
5 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.
Sea licenses in Chile to produce Salmon
and Trout, which provide a solid basis
for its growth.
149
It owns inland farms in Costa Rica and the only three
farming licenses granted in the Bayano Lake in Panama
to produce Tilapia.
customers
400 50 countries.
in
It is vertically integrated both in the Salmon
and Tilapia businesses.
Production goals 2016:
Salmon and Trout: 174,000 WFE Tons
Tilapia: 41,000 WFE Tons
Investment of U$ 470 millions over
the next five years
Empresas Aquachile at a glance.
2011 physical sales:
WFE tons.
65,089 WFE tons.
17,240
Sales as of December 2011.
US$ 501.1
Secure financial flexibility.
MAY 19th, 2011 Public Company since
Participate in the industry
consolidation.
IPO goals:
Financing the company´s growth
plan:
1 Company
Overview
2 AquaChile
3 Rain Forest
4 Servicing you
from Miami
5 Corporate Social
Responsibility
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.
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.
What happened
in the past 4 years
Alejandro
Cristian
Verlasso salmon
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.
-Harmoniously raised fish: Verlasso.
-Other investment and growth projects in the
Tilapia business.
What happened
in the past 4 years
Pet food flavoring in Costa Rica.
Tilapia farm in Bayano Lake, Panamá.
Fish feed plant in Costa Rica.
Structural change in the industry:
Controlling risk
New regulation, more oversight and continuous improvement: Concrete results
Fresh Water
-Smolts in lakes & estuaries
-Broodstock
-Biocontainment & bioexclusion
-Eggs
Sea Water
-All in/all out
-Fallowing
-Density
-Biocontainment & bioexclusion
-Macrozones
Farming Licences
-Minimum Distance
-New concessions
-Time
-Transfer
-Loss
Plants -Biocontainment & bioexclusion
from harvesting until packing
Regulatory framework Supervision and
self-regulation
Sernapesca workforce
increase in X,XI and
XII Regions.
2009 2010
68
128
Results
Mortality Index (%)
Harvest Weight Evolution (Kg WFE)
Large Size Companies 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.
GENETICS
FRESH WATER
Eggs & Smolts
SEA WATER
Farming
PROCESSING COMMERCIALIZATION
FEED
Genetics: 15 years of achievements and proven genetic development.
Aquainnovo: created to be a world class center for genetic improvement in aquaculture.
15% Universidad de Chile
2% Others
83% Aquachile
Work Focus:
Improve resistance to disease.
Improve species’ reproductive capacity.
Shorten production cycle.
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
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
INDUSTRY Total of 24 sanitary areas
AQUACHILE 56 sea licenses in 12 sanitary areas
50% of sanitary areas of the Los Lagos Region
Aysen Region
Los Lagos Region
Geographical
diversification in farming
license for Salmon and
Trout production.
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.
Current processing capacity In thousands of WFE tons
5 plants in Chile with a total process capacity of 170,000
WFE tons, including one of the largest plants in the World
Location Puerto Montt
Calbuco Quellón Dalcahue Chonchi
Plant Type Value Added
Value Added
Whole Salmon
Whole Salmon
Value Added
PAC-HACCP Certification
Yes Yes Yes Yes Yes
1 Company
Overview
2 AquaChile
3 Rain Forest
4 Servicing you
from Miami
5 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.
* The feed plant will be finished in may 2012
FRY
PRODUCTION
GENETICS
FARMING
FEED*
PROCESSING COMMERCIALIZATION
FEED
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 & Panamá: Large water volume and favorable climate.
Costa Rica
-Strategic access to large volumes of high-quality water
-Optimal location for logistics
-21,000 tons WFE capacity
Guanacaste
Bayano Lake
Panama
-The Company has the only three tilapia farming licenses granted in Bayano Lake
-Potential to produce over 20,000 ton WFE
Geographical diversification in
Tilapia Production
Installed capacity to absorb growth.
Current production capacity In thousands of WFE tons
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
Location
Plant Type
PAC-HACCP Certification
Guanacaste
Value Added
Yes
Value Added
Yes
Panama
New development in Costa Rica.
Association with Biomar.
Association with SPF.
1 Company
Overview
2 AquaChile
3 Rain Forest
4 Servicing you
from Miami
5 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
1 Company
Overview
2 AquaChile
3 Rain Forest
4 Servicing you
from Miami
5 Corporate Social
Responsibility
-More than 4.800 employees in Chile, Costa Rica, Panama & United States
-Benefits above legal requirements
-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)
OUR LABOR AND
ENVIROMENTAL
STANDARDS
We are committed to our employees, our clients and the environment.
-To produce quality, healthy and safe food
-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
OUR CORPORATE SOCIAL RESPONSIBILITY PRINCIPLES
We are committed to our employees, our clients and the environment.
We are committed to our employees, our clients and the environment.
EMPRESAS AQUACHILE
BOSTON
March 2012