Good morning, everyone, welcome to the presentation of the fourth quarter 2020 results for SalMar. My name is Gustav Witzøe, and I'm the CEO in SalMar. Today, I will take you through the highlights and strategic updates. Our CFO, Trine, will take you through the operational and financial update. Also with us, we have the CEO of SalMar Ocean, Olav- Andreas, who will give you a closer insight in our ocean farming strategy. Before we continue, I would like to take a moment to reflect on a historical milestone in the history of SalMar. The company, which was founded the 8th of February 1991, is celebrating its 30 anniversary and can look back on three decades of fantastic results. From 11 employees on a small island in central Norway and a total production volume of 800 tons to where we are today. We are present in eight countries, 1,700 employees, and a combined production volume of 195,000 tons, where 163,000 tons is from our operation here in Norway. The SalMar we see today is a result of a unique journey created by a group of unique people where the postulate, what we do today, we do better than yesterday, has been the core of the development. The main idea has been the same since 1991. Minimal environmental footprint while maximizing the value creation of the salmon. This has led to a development where we step by step have taken control over larger part of the value chain. At the same time, we have taken a greater social responsibility as an employer for the environment and local communities as a producer of healthy and sustainable food and as a driving force for innovation and development within the salmon farming industry. The building of new knowledge, fish welfare, increased complexity, and technological development is keywords that illustrate the development of the SalMar farming industry over the last 30 years. The key for SalMar in the same period has been to invest heavily in our employees and take all our collective experience into taking the company and the industry even further. The examples are many, and the willingness to constantly improve has been great throughout our organization. I would therefore like to take this opportunity to thank all the great people in SalMar, our partners, and supporters who have all contributed to make this adventure possible. All the way from the beginning in 1991 to where we are today as one of the world's largest aquaculture companies, I'm very proud of what we have achieved. The passion, dedication, and culture we have in SalMar is unique and has been the driving force to get us up to this position. It has given us the ability to challenge status quo, see opportunities, and at the same time have ability to take them. The seafood industry has now become one of the Norway's largest industries that is equally sustainable as long as we produce on the salmon's terms, sustainable and in harmony with nature. This is in the heart of all of our operation, both domestic and abroad. This is also true in respect of our development of aquaculture in the open oceans. In addition, offshore farming will open vast new areas across the globe for sustainable salmon farming. SalMar has invested 30 years of operational experience in the development of offshore farming. From Ocean Farm 1 in 2017 to the design of the updated Ocean Farm 2 and now for the open ocean Smart Fish Farm. In 2019, we started SalMar Ocean to spearhead our offshore farming strategies. It is therefore a perfect fit that we in the quarter where we celebrate our 30 anniversary also give you more details about our offshore development, a development that will be a catalyst for growth in the coming 30 years. Both Olav-Andreas and I will return on this topic later in this presentation, but first, a closer look at the numbers and highlights for the full- year 2020 and fourth quarter. 2020 has been a challenging year, marked by great uncertainty, not only for the aquaculture industry, but for all of us. With a global COVID pandemic, strict disease preventive measures affecting our daily lives and how we conduct our business. Nevertheless, SalMar has been able to deliver results on the same level in 2020 as we did in 2019. This is the result of strict strategic and operational focus, strong biological and operational performance, and our ability to focus on the solution. The strength within our organization and the culture that have been built up over 30 years really comes to show in demanding times. It is all the employees in the entire organization who have achieved the great result. Together, we have made it happen. That makes me confident that SalMar is in a position where we can continue to face challenges, to develop, and to push ourselves and the industry even further. The fourth quarter has been a challenging quarter, with low salmon prices. Despite this, SalMar delivers a satisfactory result. In Norway, we harvested 40,000 tons and delivered operational EBIT on NOK 433 million, with a margin of NOK 10.84 per kilo. Including Icelandic Salmon, we harvested 43,600 tons in the fourth quarter, with a total operational EBIT on NOK 414 million, with a margin of NOK 9.50 per kilo. Central and Northern Norway delivers satisfactory results due to good biological and operational performance. Low salmon prices and challenging market situation is impacting the result from sales and processing. Positive cost development in Iceland, but low salmon prices give a negative result. We keep our guiding for 2021 unchanged. The board of directors propose a dividend of NOK 20 per share for 2020. To give you more details, I will now give the word to our CFO, Trine. Thank you, Gustav. As usual, I will start with the farming Central Norway. We harvested 20,900 tons in the quarter with an operational EBIT of 271 million NOK and EBIT per kilo NOK 12.96. Central Norway continues the trend by delivering solid result as a result of long-term strategic and operational focus, which has resulted in good biological and operational performance. The volume in the period comes from autumn 2019, which has had a stable biological development and where most of the volume was harvested at the end of the period. To ensure optimal and fastest possible utilization of the increased maximum allowed biomass capacity that we bought in August, the harvest volume at the end of the year was slightly reduced. In Q1, we will continue to harvest from autumn 2019. At the same time, we will start harvest of spring 2020 generation. The biological status or the efficiency is good, and we expect a similar cost level and slightly lower volumes in Q1. Note that the production tax of NOK 0.40 per kilo will be included from Q1. In 2021, we expect to harvest 107,000 tons from Central Norway. Farming Northern Norway. We harvested 19,100 tons in Northern Norway in the quarter with an operational EBIT of NOK 156 million and EBIT per kilo NOK 8.18. Northern Norway continues the positive development with a good biological performance and reduction in cost level. Spring 2019 has been the main contributor of the harvest volume in the period, accounting for 80%. This is a generation which has shown strong biological performance and thereby also low cost level. Harvest from Autumn 2019 started at the end of the period. That's the generation which has shown good biological performance but a slightly higher cost level compared with spring 2019, and mostly due to higher harvesting cost. The biological status is good, and strong growth during the autumn has made it possible for us to utilize the increased maximum allowed biomass. In Q1, we expect lower volume and slightly higher cost level, where we will continue harvesting from autumn 2019 generation. Same comment as from Central Norway that we will have additional production tax starting from Q1 on NOK 0.14 per kilo. We expect to harvest 56,000 tons in 2021. Sales and processing. Sales and processing delivers an operational EBIT of NOK 73 million in the quarter. The reduction compared to previous quarter is due to challenging market characterized by high market uncertainty and low salmon prices. Contract share for the period was 20%, which gives a positive contribution due to the low salmon prices. Some comments to the entire year 2020. Despite a challenging market in 2020, sales and processing has delivered strong results due to strong operational performance in 2020. If we look into the figure, we also see that the EBIT is more than double compared to 2019. Our strategic focus on local processing strengthens the results. Combined with higher volume through our harvesting and processing plants and solid operational performance, this has given strong margin from our harvesting and operating activities and spot sales. Back to quarter four. The contract share in the quarter one 2021 is around 30%, and for the 2021, the contract share is around 20%. I also like to highlight that the construction of InnovaNor is continuing as planned, and from January 1, we also have the full management team in place. We look forward to the summer when we can start utilizing the facility and process our own fish locally on Senja. Icelandic Salmon. On Iceland, we harvested 3,600 ton in a quarter with an operational EBIT negative NOK 20 million, which gives EBIT per kilo negative NOK 5.51. As indicated in the previous quarterly presentation, Iceland delivers a negative result due to the low salmon prices. In addition, I would like to highlight that the result for this quarter is negatively impacted by one-off cost and costs related to the private placement and listing process, which in total accounts for NOK 3.7 per kilo. However, this is a strong positive cost development since we are harvesting from the 2019 generation, which has shown significantly improved biological performance compared with previous generation. We have more than EUR 1 per kilo lower reduction cost level from the fish that we harvested out from in this quarter, which is also in line with what we said in the private placement in October. The 2019 generation has accounted for the entire volume in the period, and we will continue harvesting from this generation also in quarter one. 2020 as a year has been a challenging year for Icelandic Salmon with the biological issues in the beginning of the year. We take with us the lesson learned into 2021, where the biological status is significantly improved compared to last year. In quarter one, we expect slightly higher volume and similar cost level. Guiding for the entire year is kept unchanged at 14,000 tons. As you may have noticed earlier this week, we have received positive signals from the National Planning Agency for new licenses in Ísafjörður of 10,000 tons MIB. The application will now be evaluated by the Icelandic Food and Veterinary Authority and the Environment Agency of Iceland before final approval and verification. This is also in line with what we communicated in the listing process in October. I think the key message from Iceland is really that we are on track and things takes time. Scottish Sea Farms harvested 6,400 tons in the quarter and delivers an operational EBIT of NOK 76 million. That gives NOK 11.87 per kilo. We have a positive cost development and positive contribution from contract sales, which give a good results in the period. The harvest volume for the full-year 2020 was slightly reduced as a result of harvesting of smaller fish from two sites and at the same time, the company choose to build biomass into 2021. The biological status in all areas is good, in quarter one 2021, we expect a lower cost level and guiding for the year is kept unchanged at 36,000 tons. Moving over to the financial update. Some few comments. I will start with a comparison from the previous quarter. First, only the Norwegian part, which had a reduction of EBIT per kilo of NOK 8.32 compared with the previous quarter. As already commented, the low salmon price and slightly lower price achievement explains the reduction. If you also include Icelandic, it's a small difference if you take the same comparison at group level. Over to the group profit and loss. Some comments to the P&L for 2020 compared to 2019. As you can see, we have higher revenue due to higher volume and a good price achievement despite lower spot price. Operational EBIT is only reduced with 2%, a result we are pleased with as a challenging year with high market uncertainty, as also commented by Gustav earlier today. Fair value adjustment is negative due to lower forward price in the calculation compared to the same period last year, despite higher biomass in the sea. Income from associates, that's mainly Scottish Sea Farms in both 2020 and 2019. Other financial items is negative due to change to hedge accounting. In 2019, we had a gain when Icelandic Salmon went from an associate to a subsidiary. All in all, group EBIT per kilo is only reduced with NOK 1.42 kilo, even the Nasdaq price is 364 level. That is due to lower cost and improved price achievement. Balance sheet. Some comments comparing the balance sheet to end of quarter three. Investments are progressing according to plan. Standing biomass is higher both year-over-year, but also quarter-over-quarter. Net interest-bearing debt, including leasing, has increased with NOK 1.68 billion and is now at NOK 5.8 billion. One major explanation is to payment of dividend in quarter four. In total, still, we have a solid financial position with the equity share of 49.9% and NIBD, including leasing versus EBITDA at 1.53. If we exclude leasing, we have a ratio of 0.83. Some more comments to the change in net interest-bearing debt. We start to the left with the NIBD, including leasing at NOK 4.1 billion at the end of quarter three. We have the EBITDA over the period, NOK 648 million. You can see the major explanation here is taxes paid, it's CapEx investment, and it's dividend as already explained. We will end with NOK 5.8 billion in NIBD, including leasing at the end of the quarter. To secure our financial flexibility, we have strengthened our credit facilities in the beginning of 2021. This we had done by refinancing our existing facilities, while at the same time strengthen our focus to develop the industry in an even more sustainable manner. We have entered into a five-year sustainability-linked revolving credit facility with a limit of NOK 4 billion, which has four sustainability KPIs linked to itself, where we get higher margin if we do not succeed and lower margin if we succeed. We have chosen to focus on four of the most important KPIs, where everyone pulls us in a more sustainable direction. We shall increase the survival rate, we shall reduce the economic feed factor, we shall increase our local processing in Norway, and last but not least, we shall reduce our greenhouse gas emissions. At the same time, we have also increased the overdraft facility to NOK 1 billion. With this, we have come to an end on my part, and I will give the floor back to Gustav. SalMar has a strong history for 30 years. We are constantly working to be even better, to improve in all aspects of our operations. This is also why we are spearheading our ocean farming strategies. Ocean Farm 1 was the first step in such a development. The offshore strategy is based on the experience and competence we have built up over 30 years. With the aim to supplement and strengthen, to replace our farming operation of today. SalMar's business is based on the Atlantic salmon. Since the beginning, we have always been looking for the optimal farming sites with minimal footprint and that ensure the best fish welfare. We know that good biology gives good economy, and therefore farming sites with optimal temperature and current are crucial. The Norwegian coast is the home for the Atlantic salmon with ideal conditions, but so far we have only had the equipment to use a small fraction of these areas. SalMar decided to do something about this when we started our offshore journey back in 2012. Ocean Farm 1 was the first step in the opening up new areas and planning a journey from coastal to more exposed areas. With Smart Fish Farm, we will be able to take the step all the way out in the open ocean, releasing a huge potential of sustainable farming in the natural habitat of the salmon. SalMar Ocean is the company which is responsible for our offshore strategy. There are several workflows which are vital to realize our strategy ambition offshore. To strengthen our team, I'm glad that our CFO, Trine Sæther Romuld, has taken on the existing and central role as CFO and Director of Strategy in SalMar Ocean. Trine will be central in the future development of SalMar Ocean, and at the same time, she will continue in the work as a Group CFO in SalMar until a new CFO is in place. The recruitment of a new CFO is already underway, and the plan is for Trine to take up her new position in SalMar Ocean around first of September 2021. To give you more details on the strategy ambition within offshore farming, I will give the word to Olav-Andreas Ervik, our CEO of SalMar Ocean. Captain's log, September 27th, 2017. The platform is installed and fully operational. The spirit among the crew is full of hope and energy. Two days ago, we were hit by a massive storm. It gives me a sense of victory. Operating out here is actually possible. Looking out the window, not only do I see all the important things laying in front of us, I also start thinking back on all the hard work put into this adventure and how far we've come. Who would have guessed what started out merely as a coastal experiment on a relatively unknown Norwegian island has today become an aquacultural epicenter of the world. It's no coincidence. For generations, our people have been living on what the ocean has to offer. However, some of us had to explore new territories and face unknown risks. This entire mission is the result of breakthrough science and technology. Nevertheless, we can't forget who's the real captain. The salmon. Everything we do has to be on their terms. This time, it all feels right. Today, we fed the fish for the first time. Millions of salmon swimming in perfect currents, finally back out in the open ocean. The sound of the raindrops reminds me of the importance of this mission. The world is running out of its most precious resource: fresh water. Producing food requires most of it. Amazingly enough, the answer is right here, just below my feet. Some people say the ocean belongs to everyone. They're completely right, but it also belongs to future generations. Sustaining it is our job, and this time it's different. We've learned from our mistakes. By sharing our experiences from this adventure, we'll move the world forward. Standing on it, the platform itself is huge. The meaning is even greater. In the ocean, it's still just a tiny circle. Imagine the potential. Thank you, Gustav, and good morning, everyone. Gustav has already touched upon the reason why we wanted to go offshore. We wanted to get out into the areas which are less affected by the tidal currents in the sustainable areas with more stable temperatures and more stable flow, basically in the natural habitat of the salmon. Based on this, we developed Ocean Farm 1, a semi-submersible offshore unit. With this, we have established ourselves in exposed coastal areas and gained valuable operational experience. Here we are more affected by a more unidirectional coastal current than by the tidal current. It has given us the confirmation we were looking for, which shows that the salmon thrives, grows, and that this technology fits very well for the salmon. We want to take this a step further out into the open ocean. Out there, the temperatures are even more stable during the year between seven and 12 degrees, and the currents are even more stable and unidirectional. At the same time, the currents give a natural barrier to the operations along the coast, ensuring optimal biosecurity. We want to utilize these conditions with a unit that based on the same technology as Ocean Farm 1, but which is adapted to the condition we meet out there in the open ocean. We have now produced two cycles in the Ocean Farm 1, growing the salmon from 230 grams to five kilos, and in total, we have harvested 10,000 tons. This has given us good answers and valuable experiences. We must say that the biological results have been particularly positive. We have experienced fantastic growth, a high survival rate, and low sea lice levels in both production cycles. This gives us the confidence and strengthens our belief that these areas are optimal for salmon production in combination with the Ocean Farm technology. Based on this, we have decided to further develop Ocean Farm 1 into a Mark II. That incorporates all the lessons we have from the first two production cycles and start a serial production of these units for farming in exposed areas. We are now close to the end of the pre-engineering phase and are already in contact with both national and international shipyards about construction. Smart Fish Farm will be a game changer in terms of realizing the potential that lies in salmon farming out into the open ocean. As we already mentioned, we want to produce in the natural habitat of the salmon. To find these areas, we have to go out into the open ocean, where we, since 2018, have been working with modeling and surveys, which has resulted in identifying two areas about 50 nautical miles off the coast of central Norway. Only these two areas together have a significantly larger area than the entire area for the Norwegian aquaculture industry uses today in coastal waters. When we go out there, we need a technology that is adapted to the environmental conditions and the natural forces we encounter out there. Based on this, we have developed and designed Smart Fish Farm, which makes it possible to operate out there more independent than we do today. We have now sent a site application to the authorities, and the project has entered into a detailed design phase, and we will be ready for an investment decision in the autumn if the site and permission to produce the applied volume fall into place. Also here, we are already in dialogue with both Norwegian and international shipyards. Assuming a decision in the second half of 2021, we will be in operation from quarter two in 2024. We are working towards serial production of both Ocean Farm and Smart Fish Farm technology, exposed and open ocean respectively. That said, the decision and start of such serial production will depend on approval from the authorities and that the regulatory framework is in place. Based on the experiences with Ocean Farm 1, we will be able to achieve a very competitive production cost. In Ocean Farm, the first unit, when fully utilized, we will come down to a production cost of NOK 35 per kilo, and in a serial production of NOK 33 per kilo. In Smart Fish Farm, with the first unit in full utilization, we will be at NOK 37 per kilo, and in a serial production of NOK 34 per kilo. These estimates are based on full utilization and today's cost structure. It is the results of optimal natural conditions combined with the design and technology, which gives the good biological results, which in turn makes the very competitive measured against both traditional and land-based farming. With a serial production of these units, the investment will give a significant positive ripple effects to the entire value chain in the industry and not least the supplier industry. This technology will not only be reserved for Norwegian waters, but will also have a great potential globally where we find the same optimal conditions for salmon production. In many of these areas, such as the East and West Coast of the U.S., we will also be able to produce closer to the major markets than we do today. We know that most of the future growth in seafood must come from aquaculture. By realizing the potential that lies in the natural conditions in the ocean, we will be able to make salmon production even more sustainable on the terms of the salmon, also closer to the markets. To sum things up, we are on the brink of a new era in aquaculture. Our goal is to develop a sustainable offshore farming on the salmon terms. The areas we are talking about exist both in Norway and internationally. Most importantly is that they have the same optimal biological conditions, which facilitates good growth and fish welfare. By utilizing these fantastic natural conditions, there will be no need to supply energy to maintain or produce a production environment for the salmon. We are now working on detailed design and we'll be ready to decide on construction as soon as we have been allocated a site and received permission to produce the volume described in the application. With us, we have a strong salmon culture that is built on two fundamental operating principles: minimal environmental footprint while maximizing the value creation of the salmon we produce. As a foundation, we also have the postulate that Gustav mentioned in the introduction. What we do today, we do better than yesterday. This attitude serves us as our foundation when we now move on to secure our position and continue to be the leader in development of offshore farming. Therefore, it is also important that we build an organization that is rigged to handle the further growth. We are grateful that Trine has chosen to start in SalMar Ocean to strengthen our financial expertise and to be a vital contributor together with the rest of the team, joining all of us on the exciting journey the company has started on. Thank you. The plans that Olav-Andreas has presented here today affect our entire value chain. Therefore, it is more important than ever that we, through strategic and operational focus in the entire value chain, make sure that we have an optimal setup that supports our traditional and offshore strategies. We shall have a sustainable value chain always on the salmon terms, from raw to finished product. Everything we do is done with the salmon and the customer in focus. We want to give the salmon the best possible upbringing in pristine natural conditions to ensure supreme quality to the end consumer. This is only possible with a strong culture and fantastic employees who have the experience, see opportunities, and have the willingness to go the extra mile. This to always keep SalMar in a pole position. It is the strategy and operational focus in the entire value chain that is the basis for the large investment we now make in a robust platform for future growth. We have spent a long time talking about our offshore strategy, but I would like to highlight some important elements that we are working on in other parts of our value chain. People and culture. Even in a challenging time with COVID-19 pandemic, we must ensure that everyone is seen, that it's safe to go to work. This means that we must comply with all the measures and impose to reduce the possibility of infection while maintaining the position and energy for what we are working with the salmon. We will continue to take social responsibility, and we will ensure that we continue to focus on the solution and that everything we do today will be done better than yesterday. On smolt. Our smolt expansion on Senja is well underway, we expect to soon make a final investment decision on a new smolt facility in central Norway. Coastal farming. Our offshore investment does not come at the expense of our coastal farming activities. On the contrary, we will continue to ensure an even more optimal utilization of our location and our MAB, always on the salmon terms. Industry and sales. InnovaNor is moving forward as planned, we are looking forward to the early summer this year when the plant will be ready for the first fish. At the same time, the upgrade of Vikenco is now completed. With both of these projects in place, we have increased our VAP capacity, which means that we can offer the market the product they demand to an even greater extent. The period we are in now with high market uncertainty has shown us how important it is to have a flexible local processing capacity. Iceland. We have learned our lesson from last year in Iceland. Going forward, SalMar will continue to contribute to Icelandic Salmon, with the common goal of building a sustainable future-oriented salmon farming industry in Iceland. On the outlook. Going forward, we will continue with our strong operational focus on the terms of the salmon. What we do today, we do better than yesterday. SalMar wants to strengthen our position as a technology leader in the aquaculture industry in order to be an important contributor to sustainable growth. This means a dedication focus on all our activities, including our new offshore units. We will continue to have focus on the things we can impact and do something with. Good financial results come from good biological conditions and operations on the salmon terms. The board of directors propose a dividend of NOK 20 per share for 2020. We are experiencing a good biological status in the sea, both in northern and central Norway and in Iceland and also in Scotland. Guiding for 2021 is unchanged. Expect slightly lower volume in Q1 with costs at the same level. Contract share for Q1 is at 30% and 20% for the whole 2021. We expect low supply growth in 2021. SalMar is well positioned to handle a demanding market with strong operational and financial flexibility. We have a positive view on the future for salmon. Our job is to implement the measures that strengthen us today and at the same time will make us even stronger going forward. We focus on the solution, not the problems. With this, we have come to the end of our presentation, and we would like to thank you all who have been watching. Our next quarterly presentation will be in May. Until then, we hope all of you stay safe and healthy and eat a lot of salmon. On behalf of Trine and Olav- Andreas, thank you for your attention.