Pelican Aqua Holding (PLCAN) investor relations material

Strategic positioning and market opportunity

• Established in March 2026 to serve the aquaculture industry, focusing on premium wellboats at competitive capex levels.

• Firm order for four 5,000m³ wellboats with options for six more, targeting delivery between 2029 and 2030.

• Large-capacity wellboat segment is structurally undersupplied, with a projected supply-demand gap of ~30 vessels by 2030.

• Wellboats are critical for salmon farming, supporting transport, treatment, and fish welfare.

• Expected to benefit from rising regulatory standards, biological challenges, and growth in new aquaculture regions.

Vessel design, technology, and partners

• Vessels designed by Salt Ship Design, a leader in advanced aquaculture vessels, and equipped by MMC First Process, a top fish handling system supplier.

• Each vessel features 5,000m³ capacity, advanced lice treatment, RO plant readiness, and energy-efficient systems.

• Construction at CIMC Raffles, a major Chinese shipyard with extensive aquaculture and offshore experience.

• Modern design allows full flexibility to tailor equipment to customer needs and future farming practices.

• Only eight vessels globally exceed 5,000m³, positioning the company as a leader in the large-capacity segment.

Management, board, and organizational strengths

• CEO and CFO bring deep experience from maritime, aquaculture, and finance sectors, including prior leadership at DESS Aquaculture Shipping.

• Board includes professionals with backgrounds in shipping, finance, law, and aquaculture investments.

• Organization to scale in line with fleet expansion, ensuring cost efficiency and relevant expertise.

• Supported by industry-leading stakeholders across design, shipbuilding, and equipment supply.