Welcome to second quarter 2021 presentation for Frøy ASA. My name is Sondre Vevstad. I'm the Investor Relations in Frøy, and together with me today, I have Arne Rødsjø, the CFO in Frøy. Before we start presenting the quarterly numbers, we will like to show a short presentation of Frøy, what we do, some of our operations, and to give some flavor of Frøy and our business. Okay. I think that brings us over to the quarterly numbers. I give you some reflections on the numbers for this quarter, but also on our thoughts on the outlook going forward. The agenda today is we will go through the highlights of the second quarter, go through the operational review of the quarter, and the financial review of the quarter, and ending with the outlook. Short, the second quarter is a quarter where we have seen a normal seasonal increase in activity from the first quarter into the second quarter. Follow the normal seasonal pattern in terms of if you look at our operations on a group level. There are some segments that have been very strong and some segments that have been somewhat slower. We see in our wellboat operations that the performance and the margins have improved significantly year-over-year. In the service space, we have some good segments and some segments that have been slower. Demand for delousing services have been somewhat slower in the second quarter, while cleaning of nets has been very active in the quarter. Other highlights in the quarter that we have started to take delivery of the vessels under construction. In the second quarter, we got delivered one of the wellboats, named Kristiansund, which is a medium-sized wellboat that is now working on a long-term contract and entered operations in late June. As we also announced during the second quarter, we have signed a large framework agreement, a four year agreement for cleaning of nets for a leading Norwegian salmon farmer. We have also signed several smaller agreements that in aggregate gives us higher visibility going forward, which is obviously positive and something we work every quarter to consistently increase the backlog and increase the visibility going forward. Looking at the quarterly numbers, the revenue came in at NOK 412 million versus NOK 385 million in second quarter last year. If we go down and look at the numbers, the revenue from contracts and from framework agreements are up approximately 34% versus second quarter 2020. This is a reflection that we take delivery of new builds, and we have signed new contracts, and we see that this will also lift the revenues and provide growth in the coming quarters. The EBITDA came in at NOK 159 million in the second quarter of this year versus NOK 138, and we have a margin of 39%, EBITDA margin of 39% versus 35% last year. The backlog is approximately NOK 6.3 billion. That's including options but not including most of the framework agreements. That is where we have more of volume type of contracts. These are not included in the backlog. It will come in addition to the backlog. Going forward, we still expect growth going forward. We see that we have fairly high revenue visibility in the backlog and in the framework agreements that we have signed. The construction of the wellboats are progressing according to plan. We are constantly reviewing and looking at new opportunities for growth, both organically but also at M&A opportunities. We will obviously announce to the market if and when we enter into larger new type of contracts. On a group level, we see that it's increased activity and increased revenues in the second quarter this year versus the first quarter of this year, which is a normal seasonal increase, but also compared to the second quarter of 2020. On a group level, we are up more than 30% on the revenues from the backlog and the fixed contracts, but also from framework agreements. We continuously work to build on that backlog and build on the framework agreements to further grow going forward. NOK 6.3 billion in backlog is a mix of what we call a fixed backlog. That's fixed revenue commitments of NOK 3.9 billion, which gives us approximately five years of weighted backlog for the wellboat fleet. In addition, we have close to NOK 2.4 billion in options where the farmers have options to extend the fixed revenue commitments. Historically, we've seen that most of the commitments have been exercised. As mentioned, the framework agreements are not included in the backlog unless there is a minimum value clause in the contract. Most framework agreements are volume type of agreements. Most framework agreements will come in addition to the backlog that we announce here. Going through the different segments, we will start with the wellboat segment where we report total revenues of NOK 196 million versus NOK 170 million in the second quarter of 2020. That revenues increase is driven by new builds coming in. We took delivery of a wellboat called the Reisa in January, which is the main reason for the increase here. In this segment, we have approximately 30% increase in revenues from fixed contracts and from framework agreements versus the second quarter last year. We have an EBITDA margin of 44% in the quarter, which is a clear improvement versus the 32% we had in the second quarter of 2020. The second quarter of 2020 was a weak quarter and significantly below what we would expect going forward. It was due to the late delivery of Reisa that we got delivered in January. We had some extra cost for a replacement vessel. The activity level increased in the quarter in line with what I would call a normal seasonal trend. Due to higher temperatures in the water during springtime, we see increased demand for transportation and for logistics, while the spot market relating to delousing has been fairly weak in the quarter. That has picked up during the third quarter and is what I would call natural variations from quarter to quarter. We took delivery of the new vessel Kristiansund during second quarter. That was late in June. That vessel had minimum revenue contribution in the quarter. When you look at the number of vessels that we had at the end of the quarter was 15. During the quarter was basically 14 in the second quarter of 2021. It's one more vessel than we had in the second quarter of 2020. Kristiansund is a medium large type new build, 3,200 cubic capacity vessel. It is based out of a design, it's called Havtrans design, and it's the fifth vessel we have in that design. Kristiansund went directly into a long-term contract with a large Norwegian salmon farmer. The last new build in that Havtrans series is going to be delivered according to the plan we announced in the first quarter. Everything looks okay on that side. Going over to the service segment, we report total revenues of NOK 185 million in the quarter, which is basically the same as in last year. Looking at the disaggregation of that revenue figure, we see that it's 38% increase in revenues from fixed contracts and from framework agreements, which obviously is due to the increased backlog and the increased number of agreements that we have in the service segment. Here, the spot revenues in the quarter was weaker than last year, impacted by lower demand for delousing services. The margin is basically flat, 38% versus 39% last year. We had a seasonal increase in demand especially for cleaning of net, which was very strong in the quarter, while as mentioned, the delousing service was somewhat weaker. We sold a large service vessel during the quarter, in the beginning of the quarter, and we got two new net-cleaning vessels delivered in June. If you look at the capacity number of vessels that we had in the second quarter, it was basically fairly flat versus last year. As mentioned, the net cleaning part of the business has been fairly strong in the second quarter this year. We have announced new contracts. We have two new vessels coming in the quarter. They are specialized net cleaning vessels with double systems for cleaning nets at the salmon farming sites. As we also sent out a press release and stock exchange release in the beginning of the quarter announcing that we have entered into a four year framework agreement with a large Norwegian salmon farmer. In addition, we have signed multiple smaller agreements that gives us increased visibility in this segment going forward. It's a segment where we see very high activity. Going over to the sea transport segment, we report total revenues of NOK 31 million versus NOK 24 million. The trend with fairly weak demand for transport of cargo from the continent to Norway has continued from the first quarter into the second quarter. We report somewhat higher EBITDA margin in the second quarter this year than last year. It is important for us, it is a priority to increase the backlog and the visibility in this segment. As you can see in the second quarter, we have very high share of spot revenues of the total revenues. During the second quarter, we signed and negotiated multiple agreements that were signed after the end of the quarter, which will change that mix and that visibility in this segment in a positive direction. It's three new contracts that have been signed after the end of the second quarter. There's one new three year seasonal time charter agreement for transport of feed from June through December and one new three year seasonal framework agreement for transport of frozen seafood from October, November to May, June. We acquired a new vessel earlier this year called the Folla, which is a multipurpose vessel that we will use for these two agreements. It's a vessel that can transport both feed and frozen seafood. In addition, we have extended one contract. That contract will now run through May 2022 and has an option to extend through October. The status in this segment has changed quite a bit after the end of the quarter, where now two out of four vessels will run on multi-year contracts to 2024. One vessel will be on contract to 2022, and one of the older vessels will remain in the spot market. This will give us improved revenue visibility, and we expect to report approximately NOK 100 million in extra backlog in this third quarter based on these contracts. As in the other segments, the framework agreement is not included in that backlog figure. It will be in addition to the NOK 100 million. With that, I will turn the word over to you, Arne, for going through the financial numbers in the quarter. Thank you, Sondre Vevstad. Going to go through the financial review fast. We have been through several of the figures before. As Sondre Vevstad already said, we had a small increase in total revenue compared with last year and compared with Q1, in line with our seasonal expectations. The adjusted EBITDA came in at NOK 159 million compared with NOK 135 million last year, resulting in a margin of 39%, slightly up from 35% last year. One thing to mention is on the bottom line figures here, one should adjust for the fact that Frøy owned NRS shares or shares in Norway Royal Salmon last year, which basically due to changes in the stock prices on those shares, basically increased the net profit with NOK 346 million last year. If you adjust for that, we came in at NOK 49 million this year compared with NOK 44 million in net profit last year. On the balance sheet, obviously, property plants and equipment increased. As we take delivery of vessels, we pay installments to the yard on the ongoing new building program. Here, one should be aware that we owned Norway Royal Salmon shares last year, which is not part of Frøy anymore. It was taken over by our holding company or our largest owner, NTS. Gross debt increased as expected due to installment and delivery of new builds, and the net interest-bearing debt increased with approximately NOK 200 million from Q1 to Q2 and ended up at around NOK 3 billion. Equity ratio is currently at 43%. On the cash flow statement, we had a positive operational cash flow of NOK 107 million. Due to the investment in a new building program, we had the investment of approximately NOK 460 million, and also we acquired some minority shares in two of our subsidiaries during this quarter. The cash position ended up at NOK 750 million. That is a number which is going to fluctuate during the year. We have a large cash reserve now, we have prioritized to basically use cash to pay down a debt, which should be fairly positive due to the low-interest rate on cash in the bank. On the investment side is basically two things that you should be aware of. The total CapEx have increased with around NOK 100 million. This is due to basically extra equipment and changes to the original spec. This is CapEx, which is basically going to be balanced out by higher day rates from our clients to a large degree. The second thing is that we have two smaller service vessels which originally were going to be delivered in 2021. Those two are pushed into Q1 2022. It's two net cleaning vessels, it shouldn't have a large impact because this is going to be delivered in sort of the low season for those kind of vessels in any case. On the financial position is nothing has changed since Q1. Basically, we still see good interest from banks, both on bank debt and leasing. We are on the wellboat side, the sea transportation side, and the large service vessels. We are, to a large degree, financed with bank debt. On the smaller service segment, we are also using leasing. We still see that we can get approximately 80% loan-to-value from the banks on what we think it's good terms. On the debt repayment profile, it's going to be changes there. We are trying to push out maturities each quarter. At the right-hand side, you see sort of where we were at the end of this quarter. On regular installments on the bank debt, it should be fairly stable the next three years of approximately NOK 280 million on a fully invested basis. I give the word over to Sondre to say something about how we look at the future. Yep. We see that the key market trends that we have been communicating since the IPO process and in the first quarter is continuing. We still believe in a gradual increase in the salmon farming volumes, the underlying volumes both in Norway and in other regions that we are operating in or are looking at operating in. We see that the complexity of farming is increasing. With larger and larger equipment, we see more and more farming in more exposed areas, which we believe will continue to drive the demand for our services, which is the specialist competence that we provide and the specialist infrastructure that we have. The Norwegian government has indicated that we also look at growth with closed containment units in the fjords. This will obviously add to that underlying volume growth that is carried through and could add to demand for our services as well. We see a lot of new facilities being built for production of larger smolts, which will have an effect that they take a larger portion of the growth phase onshore and a shorter time at sea, which obviously drives the shortened production time at sea. You will have increased demand. You will do more transportation during a year. Lastly, the offshore farming opportunity is obviously also an opportunity that we look at in terms of what kind of services we can provide for that type of operations. That can obviously be a big demand driver going forward. That will be more in the medium to longer term. If you look at our observations, we see that we have a seasonal increase in activity in the second quarter, which is broadly in line with what we have seen historically. Some segments have been performing better, some have been somewhat slower. We expect high market activity in the third quarter. The third quarter is every year the quarter with the highest activity in basically all segments. We have seen that the segment for delousing services that has been fairly slow in the second quarter, has picked up in the third quarter. We expect high activity and high demand for our services across all segments in the coming quarters. I think that rounds up our view on these quarterly numbers and our view going forward is still positive. We believe that there are opportunities, and we will announce in stock exchange releases if or when we sign new contracts going forward. If you have any questions, feel free to contact us at any time. With that, I think I will close off this presentation. Thank you very much for attending.