Clean Seas Seafood Limited : [Adelaide], 09 June 2022:
The Company has released an Investor Presentation and Outlook.
A summary of the Outlook is shown below:
Recent investment in technology and automation provides scalability to continue expanding production whilst maintaining a focus on production costs
• Full year FY22 sales volume expected to be 3,600-3,700t with revenue of $A64-$66m
• Positive operating cash flow to be delivered in FY22, one year ahead of schedule, and positive operating EBITDA in H2 FY22
• Clear path to increase production to 10,000t in near term with total potential of 30,000t
• Strong demand and premium pricing expected to be maintained
• Building awareness and channel diversification, highlighting the quality, usage, provenance and sustainability credentials of Clean Seas’ ocean farmed Yellowtail Kingfish
• Optimised working capital to deliver further reduction in production costs and positive operating cash flows
• Further benefits of increased scale and improved operational leverage
The full document is attached to this announcement.
For further information please contact:
Rob Gratton
CEO
rob.gratton@cleanseas.com.au