Clean Seas Seafood Limited

Report Publication Announcement • Jun 9, 2022

CSS Investor Presentation and Outlook

CSS Investor Presentation and Outlook

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