SalMar ASA

Investor Presentation • Mar 6, 2024

The world needs more healthy seafood

N o r t h A t l a n t i c S e a f o o d F o r u m 6 M a r c h 2 0 2 4

This is SalMar

Icelandic Salmon

Scottish Sea Farms LTD SalMar Central Norway SalMar Northern Norway

SalMar founded in 1991

World's 2nd largest salmon producer

Harvest volume 2024¹est. 277,500 tons

Yu Fish Singapore SalMar Vietnam SalMar Taiwan SalMar South Korea SalMar Japan Thailand

Delivers salmon to more than 50

countries

An ocean of opportunity

70% of the globe is ocean but the source for only 3% of the food

1) Including relative share, 50%, from Scottish Sea Farms

Our story A history of growth and innovation

Aquisition NTS, NRS

SalMar well equipped for further sustainable growth

With dedicated, passionate and competent employees with a Passion for Salmon

We produce healthy, nutritious & sustainable food for the world's growing population

always on the terms of the Salmon with minimal footprint while we maximize value creation

The industry is more high-tech than ever and has increased efficiency

Now its time to strenghten the knowledge about the biology

Feed Conversion Ratio – Norwegian Salmon Farming Industry last 20 years

1) According to methodology used in Fish Health Report published by the Norwegian Veterinary Institute

Placeholder Film

Salmon Living Lab closing knowledge gaps, and continuously searcing for new insights

Aiming to attract and collaborate with leading industry expertise

Cargill initial partner in Salmon Living Lab

Design illustration of innovation center

We need excellence along the value chain

Target – in-depth knowledge about drivers of biological performance and product quality

Design illustration of innovation center

Salmon Living Lab will be an innovation center for improving the salmon farming value chain

Doing real-life, bigscale tests on SalMars current production facilities

Already operating through existing facilities

With projects based on different professional fields

On the terms of the salmon and close to operations

A center to create the sustainable aquaculture the world needs

An innovation center for research and collaboration

innovation center

10

~500 MNOK initial investment Immediately starting the search for key personell Design illustration of

About Cargill

Nourishing the world in a safe, responsible & sustainable way

We source raw materials, make and deliver products that are vital for living. 160K+

Cargill Global R&D Capabilities

For 150+ years, companies have turned to Cargill for scientific expertise and partnerships.

We help customers overcome their biggest challenges and seize opportunities through innovation.

DATE

2,500+

Global employees

Capabilities

• Thermal processing & extrusion
• Powder processing
• Separations
• Fermentation
• Application technology
• Enzyme utilization
• Frying and coating
• Micro & molecular biology
• Crop Science & genetics

Key Technologies & Sciences

• Process modeling
• Data analytics
• Nutrition

50+

R&D facilities

• Protein chemistry
• Lipid chemistry
• Carbohydrate chemistry
• Structural design & material science
• Sensory
• Analytical

Cargill Aqua R&D

Leading R&D partner for aqua farmers, developing innovative solutions by addressing their key needs for products and services from across the entire aqua value chain.

Thank you for your attention

Passion for Salmon

For more information: www.salmonlivinglab.no

Press briefing: Radisson Blu Royal Bergen Room: Dræggen 5 Time: 12:20 -13:20 CET