Clean Seas H1 FY23 Results – Investor Presentation

20 Feb 2023 23:12 CET

[ADELAIDE], 21 FEBRUARY 2023

PROFITABLE AND CASH FLOW POSITIVE


Significant turnaround in profitability and positive cash flow despite
challenging economic conditions and greater competition in Europe and North
America
• Growing awareness and acceptance of Yellowtail Kingfish globally
• Strong resonance of Clean Seas commercial messaging, highlighting quality,
culinary flexibility and Spencer Gulf provenance
• Substantial revenue and farmgate revenue growth
• Maintained optimal live and frozen inventory sales mix, eliminated frozen
clearance sales which drove pricing higher and reduced cost of production
• Delivered operating profitability and positive cash flows
• Progress on sustainability agenda with novel feed ingredients and Asparagopsis
collaboration
• Considerable untapped opportunity for future global expansion with enabling
balance sheet


Webcast

The Company will conduct two webcasts of its H1 FY23 Results Briefing at 12.00pm
(midday) AEDT and at 6.30pm AEDT (8.30am CET in Europe) on Tuesday 21 February
2023.

You can participate in the webcast by using the following link:
https://us02web.zoom.us/j/7163045271
Meeting ID: 716 304 5271

You are advised to log on at least 15 minutes before the webcast is scheduled to
begin.


The full ASX announcement is attached.

Authorised for release by the Board of Clean Seas Seafood Limited.


For further information please contact:
Rob Gratton , CEO
rob.gratton@cleanseas.com.au

More information:
Access the news on Oslo Bors NewsWeb site

583025_CSS FY23 H1 Results Presentation (Feb-23) FINAL.pdf