T-65
Trawl lic.
Pacific H
ake
Arrow
tooth Flounder
Uncut G
roundfish, O
sprey N
o. 1
M
SC C
ertified, Sustainab
ly caught
FA
S-T, Frozen at Sea HG
T Hake, & ATF
MANN
www.manngroup.org
GROUP
COMMERCIAL FISHINGASSETS
CEO STATEMENT
Global demand for sustainable sources of high-quality, low-priced seafood is greater than ever. The MANN GROUP is well positioned to capatilize on this ever increasing demand with our substantial White Fish and Ground Fish quotas, and our symbiotic assets and operations.
The MANN GROUP has been fishing the coast
of British Columbia, Canada for over 40
years. It has taken a lifetime to assemble the
MANN GROUP’s holdings, which include The
Osprey No. 1, BC’s newest and largest mid-
water freezer trawler, a substantial quota, and
complimentary assets at the Port of Vancouver.
The Osprey No.1 is a state of the art, 57.8 meter
freezer stern trawler built in 1998 in Denmark.
The Osprey No. 1 produces 250,000 lbs of block
frozen product per day and caries 1.4 m lbs of
FAST - frozen at sea in time - fish per trip.
The MANN GROUP’s license has enabled the
the Osprey No. 1 to produce nearly 50% of the
frozen at sea Hake caught in British Columbia.
Pacific Hake is a white fish of the Cod family.
It is a very large bio-mass, of which the MANN
GROUP owns 8.9882% of the quota.
The MANN GROUP also owns 4.645% of the
Uncut Groundfish quota and 7.235% of the
Arrowtooth Flounder quota.
In order to take advantage of the quotas and the
T-65 trawl license, the MANN GROUP intends
to stretch the Osprey No. 1 to its maximum
allowable length of 71.76 meters. The stretched
vessel will fit at the current base of operations
at the company’s own lease at the Port of
Vancouver, British Columbia, Canada.
RON MANNPresident and CEO
www.manngroup.org
Operational Efficiencies and Future Growth
Transitioning to A Global Seafood Exporter
Expansion of The Mann Group’s Holdings
Changing Regulations Provided New Opportunities
After A Decade in Salmon, The Manns Added Trawling
Ron and Hetty build Their Own Boat
Ron Mann Began His Fishing Carreer
The Osprey No. 1’s average daily catch was between 70,000 - 95,000 lbs in
2014. Since then, upgrades in holding & freezing technologies, and adding
66% more freezers has enabled daily production of up to 250,000 pounds.
From humble beginnings in the
early 1970s, the Mann Group has
siezed opportunities and made
strategic investments that have
enabled them to grow their family
run business year over year.
The Manns purchased a 57.8 m freezer stern trawler. At 2024 gross mt, it is
the largest F/T on the Canadian west coast. In ‘06, the Manns purchased a
leasehold at the Port of Vancouver and later, the adjacent property.
The Nootka Mariner was converted 100% to trawl fishing, and Mariner
Seafoods was formed by Hetty Mann to buy, process, and market the Nootka
Mariner’s catch. In 2004, the Manns bought another trawler, the 25.6 m
As others feared the implementation of a quota system, the Manns siezed
the opportunity. Throughout the 90s, they bought several older boats that
were licensed to fish groundfish, as well as additional groundfish licenses.
In ‘89 Ron and Hetty bought a 30 m trawler/trap boat, the Nootka Mariner.
They began to fish sablefish by trap and groundfish by trawl.
Shortly after their marriage in ‘76, Ron and Hetty formed Osprey Marine Ltd.
In 1978, they built a 20 meter salmon seiner which they named Osprey No.1
in 1970, Ron Mann started fishing. By 1974, he had acquired a 1/2 interest
in a small salmon fishing operation.
2017
2005
2000
1993
1989
1978
1970
The Mann Family Celebrates 40 Years of Fishing in BC.
Port Engineer. Michael has 3 decades experience in process engineering & technical services. He was a key factor in doubling our annual production.
Michael Wulff
INDUSTRY LIAISON. Shannon handles the MANN GROUP’s public relations. She is the representatie to numerous industry, government and trade associations.
Shannon Mann
Renee Mann
Sheryl Mann
Debbie Mann
QC & LOGISTICS. Debbie developed and manages the QMP and EEC plans for Osprey. She also prepares all documentation for the transportation of MSI’s frozen product.
Sheryl manages the SALES AND MARKETING of MSI’s products. She is responsible for developing promotional materials and interacting with prospective buyers.
OFFICE MANAGER. Renee is an efficiency expert. Her role encompses crew and ship safety, offloading supervision and supplier relationships.
THE MANN GROUP FAMILY
WE STRIVE TO DELIVER SUSTAINABLE & QUALITY FISHPRODUCTS TO THE GLOBAL MARKETPLACE.
Mariner Seafoods, owned by Hetty Mann, provides on-shore services to local fishing vessels, including the freezer trawler Osprey No. 1.
Mariner Seafoods International provides international sales and marketing services for the Osprey No. 1.
Osprey Marine, owned by Ron Mann, ownes & operates the Osprey No. 1, BC’s largest mid-water freezer trawler.
Ron and Hetty Mann have over 40 years experience as owner
operators in the Canadian fishing industry.
OSPREY NO. 1 MID-WATER TRAWLER
Built in 1998 in Denmark, the Osprey No. 1 is the largest mid-water freezer trawler on the Canadian west coast. At 57.8 meters, & over 2000mt, the Osprey No. 1 is 34% longer than the next largest vessel and has twice the production capacity.
The Osprey No. 1 is the culmination of 70 years in the business - fishing, and process engineering.
Annual overhauls and critical investments in technology have enabled the Osprey No. 1
to produce 50% of the frozen-at-sea Pacific Hake industry’s product.
Stretching the Osprey by twenty four percent
The MANN GROUP’S T-65 Trawl
licence permits a 71.76 meter vessel.
Stretching the Osprey No. 1 will enable
new product lines such as fish meal
and oils.
100100% growth potential
COMPANY OVERVIEWMariner Seafoods’ wholly owned lease and buildings at the Port of Vancouver are dedicated 24/7/365 to The Osprey No.1 for its unloading, operations, and maintenance.
Fishing methods to ensure year-after-year growth and sustainability. Mariner seafoods is committed to delivering the highest quality MSC Certified Pacific Hake and Arrowtooth Flounder to the international markets. Our continued investment into our vessel and on-shore operations has proven successful.
Mariner Seafoods is excited to annunce our next step in our expansion plan. We will stretch the Osprey No. 1to its maximum allowable length to take advantage of our total allowable catch. This is the next step in our ambitious growth strategy and will result in a turn- key, state-of-the-art, frozen at sea fish factory & fish meal plant.
Substantial investments in the freezer trawler’s factory and dock side operations have led to increased profits
Company owned port side operations allows for fast and economical turn around times and maintenance
Extention of the vessel in 2018 will lead to additional freezer capacity and new markets for new products
Recent trade agreements between Canada and the EU opens previously restricted markets and allows Mariner Seafoods International direct access to key consumers
Extensive planning has taken place and the MANN GROUP has
hired the original designer to stretch the Osprey No. 1 to its MOL
- maximum overall length of 71.76 meters. The new Osprey No.
1 will include a fish meal plant and additional freezing, enabling
multiple new high-margin product lines and new markets.
Mariner Seafoods produces close to 24%
of the total BC Pacific Hake industry’s catch
“Hake is considered one of the best fish
in the Whiting family because of its firm,
sweet, white meat and medium flake.”MSC
It’s consumption is growing globally.
Mariner is a family run business. The
Mann family, Ron and Hetty and their
four daughters, have been in the fishing
industry for four decades.
40Mariner Seafoods and Osprey
50% y/y growth from 2015 to 2016
due to substantial investments in
technology and operations.
50Fifty percent growth y / y
WE ACTIVELY INVEST IN THE LATEST TECHNOLOGIES AND
SOLID FOUNDATIONS AND GROWTH
*Marine Stewardship Council certified
Pacific Hake caught in 2016. That is
nearly 1/2 of the total catch of the entire
BC freezer trawler industry.
96009,600 metric tonnes of MSC*
Mariner Seafoods ownes 8.99% of the
industry’s total allowable catch and has
excess ground fish quota to trade for
additional Hake.
9Nine percent of Hake quota
KEY PERFORMANCE INDICATORS
1/4
1/2
35
OUR CAPABILITY TO DELIVER TODAY AND INTO THE FUTURE
0
10,000 tonnes
20,000 tonnes
2014 2015 2016 2017 2018
for regularily scheduled maintenance.
Mariner Seafoods operates its own
port-side facility for maintenance and
operations, & for refueling & restocking.
0$0 spent on ship yard fees
2016: 11,000 tonnes annual production of
HGT Pacific Hake and Arrowtooth Flounder
2017: 12,000 est. HGT Hake production.
10
Mariner Seafoods produced 48.8% of the
total frozen at sea catch with Osprey No. 1
24
HGT Pacific Hake &HGT Arrowtooth Flounder &
QUOTA
WHAT MAKE US DIFFERENT
8.98% HAKE7% ARROWTOOTH4% GROUNDFISH
MARINE STEWARDSHIP
COUNCIL
FROZEN AT SEA IN TIME FOR FRESHNESS
HIGHEST PRODUCTION PORT SIDE OPERATIONS
100 YEARS OF KNOWLEDGE
MSC FAS-T ™
Mariner Seafoods provides first class
port side operations.
The Osprey No. 1 has a dedicated
dock and transfer warehouse 24/7.
1,400,000 pounds are offloded in 15
hours while restocking & refueling.
The Osprey No. 1 & Mariner Seafoods
Ron and Hetty, Sheryl, Renee, Debbie
Shannon & Michael built a well
engineered business and vessel
enabling fifty percent profit margins.
The Osprey No. 1 uses the latest
technologies to produce over
250,000 pounds of HGT Hake, 26kg
frozen blocks per day. We estimate
a block is processed every twenty
seconds.
FAS-T ™ - FROZEN AT SEA IN TIME
FAS-T ™ - Forzen at Sea in Time for freshness. The Osprey No.1 can produce
250,000 pounds of 26 kg frozen block, MSC Certified, HGT (head, gut, and
tailed) Hake per day. FAS-T ™ certifies that our fish is fully processed within
six hours from the time the first fish is brought on board, to the time the last
fish is sent to the freezer. FAS-T ™ ensures the Osprey No. 1 produces the
highest quality product.
MARINE STEWARDSHIP COUNCIL
The Marine Stewardship Council is an international non-profit organisation
established to address the problem of unsustainable fishing and safeguard
seafood supplies for the future. The vision is for the world’s oceans to be
teeming with life – today, tomorrow and for generations to come. A sustainable
seafood market is crucial to making this vision a reality. MSC works with
fisheries and businesses around the world to achieve this mission.
FOCUS ON THE FUTURE
The future lies in the sustainability of the fishery and the quality of the
products produced. The MSC Certified Hake fishery is in good standing, so
much so that the Total Allowable Catch has increased substantially in 2017.
In addition to the FAS-T ™ Block, MSC HGT Hake, the Mann’s are considering
sales of offal (HGT) & bycatch to the pet food, bait, and aquacultire industries.
“Ron and Hetty built the first Osprey in their backyard in 1978 and things proceeded to take off from there,” Shannon Mann. “There are four girls in this family that help run the business alongside our parents,” and they have done an exceptional job!
KEY FINANCIALS
The Mann Group’s strategic investments in the Osprey No. 1, the Port of Vancouver lease and improvements, and the family business have paid dividends.
The Osprey No. 1 avereged a 12.5 day turnaround during the 2016 season. That’s 1,400,000 pounds of HGT Hake
landed, logged and transfered to cold storage before heading out to international clients every 12.5 days.
This year, 2017, it is looking like an average turn around of 10 days and an increase of about 3,000 tonnes overall.
13,000Tonnes
Hake & ATF
FCManageable fixed costs
VCRelatively low variable costs
50%Profit
Margins
ECONOMIES OF SCALE CONTRIBUTE TO THE MANN GROUP’S BOTTOM LINE. THE OSPREY NO. 1 IS 1/3 LARGER AND CAN PACK NEARLY TWICE THE WEIGHT AS THE NEXT LARGEST FREEZER TRAWLER. SIZE MATTERS WHEN IT COMES TO PRODUCTION CAPACITY AND PROFIT.
OPERATIONAL EFFICIENCY IS FUELLED BY A LIFELONG PASSION FOR FISHING. WITH OVER 100 COMBINED
YEARS OF EXPERIENCE, SPANNING TWO GENERATIONS, THE MANN GROUP HAS PACKAGED THEIR INTRINSIC KNOWLEDGE
INTO THE OSPREY NO. 1 AND THEIR OPERATING COMPANIES. THIS ASSET PACKAGE IS UNLIKE ANY OTHER. FOR MORE
INFORMATION, CONTACT RON MANN, [email protected]
