Aquaculture

A green and profitable Investment

Executive summary
A revolution in farming about 7’000 years ago started our
modern civilization, without agriculture our world and
society would simply not exist. Aquaculture, also known
as aquafarming, will have a similair impact for humanity
in the 21st century. Fish is getting rare in the sea an the
oceans, due to overfishing and environmental effects.
As well an ever growing population demands every year
more and more fish, that can’t be catched anymore by
the fishing fleets. A systematic change is coming driven
by higher fish prices and aquaculture is the only
economic answer. The turbot fish is the king in taste and
profitability for aquaculture investors.

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Financials
Operating Expenses USD
Fish production costs (2’000 mt) 7.000.000

Total Expenses 7.000.000

Depreciation 3.800.000

Revenue
Sales of turbot fish (11 USD/kg 'Kalkan' fish) 22.000.000

Total Income 22.000.000

EBITDA 15.000.000
EBIT 11.200.000

GOP (Gross Operating Profit) 50,9 %

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Investment proposal
Investment USD
'Kalkan' fish production complex (2’000 metric tons/year) 35.000.000
Operational capital 3.500.000
Total Investment 38.500.000
EBITDA 15.000.000

ROI (without leverage) 38,9 %

ROI (with 10% financing & 20% Eigenkapital) 149,4 %