From Fanad Fisheries to Marine Harvest – the first 35 years of salmon farming in Ireland.

Women And The Sea

› One of Irelands leading seafood companies

› Irelands largest producer of Atlantic salmon

› Fully integrated value chain from broodstock to ready-to-eat meals, 3 year cycle.

› Pioneering the development of our industry in Ireland

› Our strategy is to become a world leading producer of organic salmon with up to 20,000 tons of organic salmon

› Our business is the production of high quality, differentiated seafood products for a better life.

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Marine Harvest Ireland in brief

Volume produced 2014:

Sales 2014:

Salmon meals each year:

Employees:

6,260 tonnes 40.6 million

€ 42.4 m 2014 = 254 2015 = 285

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Marine Harvest Global presence

Norway258,021 tonnes produced

Scotland48,858 tonnes produced

Poland

The Czech Republic

France

Italy

Faroes11,532 tonnes produced

Ireland6,260 tonnes produced

The Netherlands

Belgium

Spain Vap Europe50,867 tonnes sold

Asia

China

Japan

South Korea

Taiwan

Hong Kong

SingaporeChile67,504 tonnes produced

Canada26,607 tonnes produced

Usa

Head officeFarming and processing activitiesPrimary and secondary processingFeed factorySales

All figures, 2014

Marine Harvest Ireland - Who are we?

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› Marine Harvest Ireland (MHI) began life as Fanad Fisheries in 1979 with farms and hatcheries now in Donegal, Mayo, Kerry and Cork.

› 86% of the fish produced by MHI is exported throughout the EU, Asia, USA and Canada.

› MHI is the only producer of organic salmon in the Marine Harvest Group worldwide that holds EU organic approval. It also holds Naturland (Germany) and BioSuisse (Switzerland) organic certification

› MHI’s Deenish sea site in Co. Kerry is the first in Ireland to achieve Aquaculture Stewardship Council (ASC) certification, with its other sites to follow throughout Ireland.

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MH Ireland locationsProcessing and Sales:

› Rinmore

Hatcheries and Smolt Units:

› Kindrum› Lough Altan› Pettigo

Seawater Sites:

› Mulroy Bay: (Cranford, Millstone, Glinsk.)› Whillins – (Donegal Bay)› Creevin – (Donegal Bay) Cr› Lough Swilly› Clare Island Seafarms (Clew Bay)› Innishfarnard (Kenmare Bay)› Deenish (Ballinskelligs/Kenmare Bay) › Roancarriag (Bantry Bay)› Ahabeg (Bantry Bay)

Ro

K

K

A

D

S

In

M

W

Cr

C

A

P

R

S

RM

A

CrW P

C

D In

Ro A

The beginning - 1979

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Marine Harvest Ireland – Donegal Operations

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› MHI was established in Co. Donegal (formerly Fanad Fisheries) and has been operating in Mulroy Bay since 1979, Lough Swilly since 1986 and Inver Bay since 2012.

› The company also has one breeding facility and two smolt (juvenile salmon) production units in the county.

Kindrum Breeding Unit

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Glinsk in Mulroy Bay

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L. Swilly, Co. Donegal Seafarm

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Rinmore Processing Plant built in 1998

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MHI – Mayo operations

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› MHI has been operating in Co. Mayo since 2004 following the purchase of Clare Island Sea Farms (Feirm Farraige Oilean Chliara Teo).

› The salmon from the Clare Island Sea Farm produces up to 4,300 tons of organic salmon annually.

MHI South West operations

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› Following the purchase of Silverking Seafoods, MHI has been operating in Co. Cork and Kerry since 2008.

› Salmon farming established in Bantry Bay since 1970’s at Roancarrig.

› Kenmare Bay farms include Deenish and Inishfarnard.

Farming Technology - Then and Now

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Plastic circular pens

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Plastic pen side profile

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› 80 to 120 m circumference› Depth variable: 10 to 20m in Irl.

• Vaccination• Sealice control:

From medication to biological control with cleaner fish

• Low stocking densities

• Optimal farm location

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Healthy fish are happy fish

Fish1%

Water99%

Female Roles – the early days

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Feed distribution

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2008 2009 2010 2011 2012 2013 2014 20150

50

100

150

200

250

300

Employee Full Time Equivalent Employment

MaleFemale

Educational Attainment – NFQ

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3 4 5 6 7 8 9 100

10

20

30

40

50

60

70

MaleFemale

NFQ Level

%

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Female33%

Male67%

Senior Managment Roles

Changing role of women in MHI

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› Female employees steadily represent 20% of total workforce › Average length of service is 9.8 years› Longest serving female employee is 30 years

› In the 1980’s and 1990’s, females dominated operative roles in fish processing› Today, males dominate these roles

› 87.5% of the Finance team is female› 67% of the Technical/Quality team is female› 50% of the Sales team is female

Fish Processing

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Technical Roles

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Water quality

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• Deep water currents disperse nutrients and particles

• Regular water and seabed monitoring ensure fish and environmental welfare

• Fallowing of sites allows for environmental replenishment

Managing our resources

Breeding

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Future perspectives- Aquaculture will grow

Seafood potential

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Proteins:

Easily digestible, high quality proteins

Omega-3:

High content of marine omega-3

Vitamins:

High content of A, D and B12

vitamins

Mineraler:

High content of iodine, selenium,

taurine and sterols

WHO recommends eating more fish and seafood

Uniquely healthy

Potential growth but it needs to be done sustainably

Future perspectives- Salmon farming

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Resource effective food production

Uniquely high energy and protein retention

Uniquely low feed conversion rates

(kg feed/ kg meat)

Uniquely low carbon footprint

(kg CO2 eq/kg)

Salmon farming has become a net fish protein producer

80%

25%

Produced on sustainable diets

Some of the products our salmon is sold as world wide.

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Salmon is the key species to develop the seafood category in modern retail

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Industry Potential (Meeting the Government 2025 targets!!)

Salmonids only:• Revenue growth from €55m to €300m by 2020.• Employment growth from 300 to 1,142 direct.• Employment growth from 840 to 3,198 when both Direct & Indirect are

combined.• Salary growth from €13m to €50m (Including Indirect salaries; from €37m to

€140m)• Payment to Suppliers from €54m to €207m • Re-opening of feed Mill based on increased volumes.

Including all Aquaculture;• Revenue growth by 2020 to €500m

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› Please visit our website for more information at › www.marineharvestireland.com

Thank you for your attention