Good morning, welcome to this presentation of Q2 for Norway Royal Salmon. My name is Charles Høstlund, I'm the CEO, and together with me during this presentation, I have our CFO, Mr. Ola Loe. This is a disclaimer for the presentation, and here is the agenda. I will start up with the highlights for the quarter and the segment info. Mr. Loe will go through the financial and also update on the market, and I will sum up with some short comment on the projects and also outlook or summary. We will have a Q&A after this. If we should sum up this quarter, we should say that we are not pleased with the results. The production cost in a way is too high. We are pleased with the progress that we have had in our growth project, both on the Arctic Offshore Farming and also the smolt facility. We had an operational EBIT in total of NOK 94 million. The farming operation had an operational EBIT per kilo of NOK 12.22, and the same number for Iceland is NOK 9.66 on operational EBIT per kilo. In Norway, we had a high production cost due to that we harvested fish from the ISA sites that we have. We'll come back to that later on. It's also good to see that the demand for salmon now is increasing after we've seen an opening of the society after a release in the COVID restrictions. In total, we had a harvest volume for the group of 9,700 tons, which is 23% increase year-over-year. We harvested almost the same volume, in this quarter, in Norway compared to same quarter last year. In Iceland, we had high growth of 126%. It's good to see, we also mentioned it in the last quarterly presentation, that we started up the production in our new smolt facility. The start of the production has gone according to our plans. I will say that this project is extremely important for us. It secured that part of the value chain, also gives us a possibility to increase our utilization of the licenses, it will also reduce the cost going forward. If we look into the segment info, I'll go through Norway, the farming on Iceland, Arctic Fish, and a brief information of our associated companies. The operational EBIT in Norway, as mentioned already, was NOK 12.22. As you could see on the figure to the right, the difference between this quarter and the same quarter last year is, of course, an increase of production cost. If you look on the price achievement, we harvested small fish from ISA sites. We also had some quality downgrading, and also the timing of the harvest volume had a negative effect on the price achievement. Norway harvested 7,900 tons, which is about the same as we harvested one year ago. When we look on the numbers on the production cost, we are not pleased with the development. We had a weak and high production cost of NOK 46.41 per kilo. The background for this production cost is that we harvested small fish from ISA sites. By that, we also had high harvest and available open harvest cost when we harvested from the ISA sites. This of course, gives us a high production cost in total. We guided the last quarter on the same level as we had in Q1, meaning that there also are some other sites that have had too high production costs. On the positive side, we will see that there will be a decrease in the production cost in the coming quarter for Norway. We have reduced our biomass in the quarter by around 10%, but we have harvested significant more than we did at the same time last year. The production has somewhat been a little lower than our estimate due to lower biomass. We have previously informed that we have ISA on two sites, Korsnes and Kråkeberget. The fish that has had ISA are now taken out, and there is no mortality on the site and the production goes according to our plans. We have only detected virus on single fish. There is no talk of ISA outbreak. Going forward, when we are harvesting, we need to expect higher wellboat and harvesting cost due to the way we have to take out the fish from the sites in these areas. Going to Iceland. Arctic Fish will have their quarterly presentation today at 12 o'clock Norwegian time. Arctic Fish delivered a operational EBIT of NOK 9.66 per kilo. The quality on the salmon from Iceland are very good. We had a negative effect on the price achievement based on the timing of harvesting. Looking on the price achievement, there is still a too big discount compared to the NASDAQ for the salmon that we are harvesting due to the cost of logistic in Iceland. Harvest volume are, of course, increasing rapidly on the activity on Iceland. We harvested around 1,800 tons in this quarter. Smolt and the smolt facility has been a important factor that we have succeeded on the production on Iceland. Also mentioned before, we are planning to increase the capacity on that facility. Working on a project that will increase both the numbers up to five million and also the average size of the smolt putting out in sea, as part of the project. It is important to have the right size and the right timing to reduce or lower the production cycle in Iceland. The project is progressing as expected. It is also a clear plan that we are growing significantly in volumes for the activity. We have a goal of reaching 24,000 tons in 2025 for Arctic Fish. We had a very low production cost in the previous quarter. This quarter, Arctic Fish achieves NOK 45.06 per kilo. The reason that we have seen a increase in the production cost is that we have harvested from a new site in this quarter, not harvesting from the site that we had in our last presentation. Also here, the production cost is expecting to come or to be lower in the coming quarter. The production has, so far this year, been very good in the activity on Iceland. We therefore expect a higher volume, harvest volume in 2022, meaning that it's possible for us to transfer volume into the beginning of Q1 in 2022. The fish that we are moving will be harvested early next year. Looking into the associated companies, NRS profit per share after tax was NOK -0.7 million from the associated, and EBIT per kilo of NOK 1,226. Our share of the harvest volume is 330 tons. The associated companies now consist of two Norwegian fish farming companies having nine licenses. Also harvesting and a smolt facility. The change for the associated is that we, during this quarter, sold our share in Måsøval Fish Farm. Share was on 36.1% ownership, and we achieved a price of NOK 148 million ex-dividend. The company had or has two production licenses. Ola Loe. Group financial. Thank you, Charles. First, some word about the profit and loss statement. Operational EBIT of NOK 94 million and operational EBIT per kilo of NOK 11.74 in the quarter. If you look at the figure down to the right, you see where we compare the EBIT for the second quarter this year with the EBIT for second quarter last year. You see that the price achievement and the volumes have a positive impact on the EBIT, but the cost have a negative. If you look below the operational EBIT, we have a high positive fair value adjustment on the biomass of NOK 131 million. If you look at the net financial income, it was positive by NOK 106 million in the quarter. Significant impacted by the investment, the sale of the shares in the Måsøval Fish Farm with a gain of NOK 133 million. If you look at the balance sheet, we have a solid financial position. The equity is up by NOK 221 million in a quarter. We have an equity ratio of 55%. It's almost no change in the book value to cost of the biomass, compared with the first quarter this year. If you look at the change in biomass in tons, it decreased by 1,600 tons from the first quarter this year, but it's up almost 7,000 tons from the second quarter last year. The CapEx is still significant, and that's the reason for the increase in the property, plant, and equipment. It's CapEx related to our growth investments. If you look at the net interest-bearing debt, despite the payment of a dividend in a quarter and the large CapEx, the net interest-bearing debt is down by NOK 69 million to around NOK 2 billion at the end of the quarter. Net interest-bearing debt, according to our covenants, is of NOK 1.7 billion, and at the end of the quarter, we have unused credit facilities of NOK 1.6 billion in addition to bank deposit of NOK 118 million. If you look down to the right, you see the movement in net interest-bearing debt during the quarter. The EBITDA and the change in working capital have decreased the net interest-bearing debt in the quarter. The same as the other, which is mainly impacted by the sale of the shares in Måsøval Fish Farm of NOK 148 million in the quarter. Fixed assets and the dividend payment have increased the net interest-bearing debt during the quarter. If you look at the CapEx, total CapEx for the first half of the year was NOK 675 million. We expect around NOK 400 million in CapEx for the second half of this year. If you look at the market and the harvest volumes, the global harvest volumes in the second quarter increased by 1%, 6% from Norway, and a decrease of 14% from Chile. If you look at Iceland, it's continuing its huge growth and increased harvest volume by 48% in the quarter. The harvest volume from Norway was almost as we expected in the first quarter report for the second quarter. The reduction in harvest volume from Chile was lower than previously expected. If you look at the consumption of salmon in the second quarter, it increased by 9%, and the prices is up by 8% in NOK and 18% in EUR. You see that the sold volumes is significant above the harvest volume in the quarter, that indicating a release of the frozen inventory during the quarter. As harvest volume from Norway or sold volume from Norway to the European market increased by 2%, and Asia by 18%, and Eastern Europe 27% and North America 37%. It's a quite huge increase in that markets. Global harvest volumes for 2021. Kontali analysts expect a 3% growth globally for the whole year, and that is split by 8% growth from Norway and a decrease of 15% from Chile. If you look at the third quarter, they expect 4% decrease globally and 1% decrease globally in the fourth quarter. When we have a negative global harvest volume for the rest of the year, we have a positive market view on salmon price for the rest of the year. Then some words about our growth projects. Charles. Thank you, Ola. We are now entering into a new phase on all of these three projects that we are now moving from a planning period into a production period. As mentioned previously as well, we have three exciting growth projects that we have been working on. Arctic Offshore, a new type of equipment to use in a new production area. Going more exposed gives us a possibility to use new areas and increase the production. smolt facility that we are working on. Extremely important part of the value chain to secure the number of fish and the right size to utilize the licenses for the company and also to lower the cost. The Arctic Fish, as we already have been mentioned, and there will be a presentation for Arctic Fish, as said, at 12:00PM today, Norwegian time. To give you a short update on the two Norwegian projects. We start up with the smolt facility. The smolt facility is just outside the city Tromsø, and it's of a great strategic importance for us. I would say that the smolt and the way of having smolt has been the bottleneck for the company to develop and utilize the licenses. This plant will secure the number of smolt to the right size, to the right time, both to utilize the licenses and reduce the cost. The fact that we today don't have to produce triploid salmon gives us additional flexibility in this plant to increase and optimize the production. We know that we can increase the number of smolt and the size. The production has started. We touched upon it in the last presentation, and the starting period has gone according to schedule. The first smolt released from this facility will be in the spring of next year, then we plan to deliver smolt with a size up to 400 g. Arctic Offshore. The offshore project has had good progress in the recent period. The last half of the cage is now on the way from Germany and has left the shipyard and is on the way to Norway. Then we will have the sea launch for the first cage in the beginning of September, then preparing the first cage on the site just outside Tromsø. We expect to have the first fish in the cage at the very end of September or beginning of October. Also previously said, the fish that we are transferring to the Arctic Offshore cage is now larger fish. That means that there will be a short production cycle for the first period for Arctic Offshore Farming. We are planning to harvest the first fish in the first half of next year. We have a figure showing the growth and growth potential for us on the existing licenses. We have a milestone for Norway showing the blue part of the figure and a goal of 50,000 tons for Norway. Iceland, we have a goal of 18,000 tons on the existing licenses. I said early in the presentation that we have a goal of 24,000 tons for Iceland in 2025. This figure shows the volume on the existing licenses. We are positive to a higher potential on Iceland. With the associates, we are having a target over 70,000 tons for the group. The outlook and summary. The harvest volume in total is estimated to 48,000 tons. We are seeing a reduction in Norway. We take down the volume in Norway to 36,000 tons. This is a result of reduced production and early harvesting of fish from the ISA sites. Even though we had a good production on Iceland, we are keeping a guidance of 12,000 tons, which is up 61% from last year. We have secured 9% of the Norwegian volume on fixed price contracts. To sum up, we are not pleased with the result and the production cost, especially in Norway. We are pleased with the development in the projects that we had. On the positive side, we are expecting a lower production cost, both in Norway and Iceland in the coming quarter. Also mentioned, we have a positive market view when we see that the society are opening more and more after this pandemic. Also to mention, we are pleased with the development in the projects that we are working on, securing growth for the company. We are now in a different phase, going from projecting into producing in those facilities. By that, I think we should open for some questions. Yes. We have some few questions. The first one is regarding cost expectations. Can you quantify the cost level you're expecting in Norway and Iceland for the second half of 2021? I can start up with Norway. As mentioned, the cost will come down in the coming quarter in Norway. To assume that the cost level will be lower than we have seen on the last quarters. It will come down, yes. For Iceland, we have informed that we expect a lower production cost in the third quarter compared with the second quarter. It's still a lot of production for the rest of the year, and that have a huge impact on the cost development. As it seems now, they have a good production and so I expect a positive trend in the development. Okay, thank you. Let's expect an increased production estimate for 2022 in Iceland. How much upside do you potentially see for the 2022 volume in Iceland? Yes. Normally we don't comment volumes for the next year before we are releasing our third quarter report in November. We expect higher production cost for next year, we can say at the moment. We have higher production volumes next year compared with this year. Okay. Thank you. When do you expect the fish with a higher harvest cost from Korsnes and Kråkeberget to be harvested, and when are you fully harvested from these sites? We expect that we are harvesting the fish from Korsnes and Kråkeberget mainly in Q3, but also in Q4. All the fish from those two sites will be harvested during this year. Okay. Thank you. How do you see the risk for ISA going forward, and are you taking any actions to reduce the risk? We are somewhat concerned about the ISA situation in the northern part of Norway. We have seen both to us and others that we are seeing a lot of outbreaks. There is a cooperation between the players and the companies to look at the situation. For us, it's about securing biology, and of course, the smolt facility that will have a positive effect. We are also vaccinating all the fish that we are putting out from now and also in the coming. Vaccination is one of the important steps on it. We also seen that the triploid fish are having a higher risk for bacterial and virus diseases. We touched upon that during the last presentation. Reducing the numbers of triploid that we now have the possibility to do, hopefully also will reduce the number of ISA outbreak for our activity. Okay. Thank you. Then to the last question regarding the Arctic Offshore Farming project. How much do you expect to harvest from the Arctic Offshore Farming project in 2022? Yes. Arctic Offshore Farming have a MAB of 6,000 tons. If we utilize that quite good, we should be able to harvest around 5,000 tons next year. Okay. Thank you. That's all. Thank you, Bjorn, for the questions. We could start up saying that the next presentation for Norway Royal Salmon, the Q3 presentation, will be held the ninth of November this year. By that, thank you for your attention. Thank you. Bye-bye.