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12
W ORKING T OGETHER FOR A BETTER T OMORROW Presentation for the NUNAVUT TRADE SHOW AND CONFERENCE September 20, 2017 - Iqaluit, Nunavut By Harry Flaherty President, Qikiqtaaluk Corporation

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Page 1: WORKING TOGETHER FOR A BETTER TOMORROW

WORKING TOGETHER FOR A BETTER TOMORROW

Presentation for the NUNAVUT TRADE SHOW AND CONFERENCE

September 20, 2017 - Iqaluit, Nunavut

By Harry Flaherty President, Qikiqtaaluk Corporation

Page 2: WORKING TOGETHER FOR A BETTER TOMORROW

PURPOSE OF THIS PRESENTATION

1) Provide an overview of fisheries activities of Qikiqtaaluk

Corporation (QC)

2) Demonstrate that QC plays an important role in the Nunavut Fisheries and Marine Development, and furthermore in the economic development of Nunavut

Page 3: WORKING TOGETHER FOR A BETTER TOMORROW

ABOUT QIKIQTAALUK CORPORATION

For-profit Business Development Corporation

Primarily focused on fisheries, retail operations, property development,

mining resource development

MISSION STATEMENT: To create meaningful

economic, employment and

career development opportunities for Inuit

Non-profit Economic Development Association

Provides training and support to individuals, organisations and

businesses

Page 4: WORKING TOGETHER FOR A BETTER TOMORROW

RETAIL, TRADE AND SERVICES TRANSPORTATION AND COMMUNICATION CONSTRUCTION AND MAJOR PROJECT FISHERIES AND MARINE SERVICES Qikiqtani Retail Services Ltd.

Qikiqtani Resource Agency Ltd.

Qikiqtaaluk Business Dev. Corporation

Frobuild (2006) Ltd.

Qikiqtaaluk Environmental Inc.

QC-Scarlet Security Services Inc.

Larga Baffin Ltd.

Toromont Arctic Inc.

Qikiqtani First Aviation Ltd. (QFAL)

Nunavut Petroleum Corporation

Uqsuq Corporation

Nunavut Sealink and Supply Inc.(NSSI)

QC Canadian (Helicopters)

3379442 CANADA INC.

Qikiqtaaluk Properties Inc.

Qikiqtani Industry Ltd.

Akiuq Corporation

Sanavallianiq Ltd.

NCC Investment Group

Nunasi Corporation

Qikiqtaaluk Fisheries Corporation

Unaaq Fisheries

Sikku Corporation

Tulaktarvik Inc.

Natsiq Investment Corporation

Arctic Ocean Development Corp.

Northern Shrimp Research Foundation

Northern Coalition Corporation

Nunavut Fisheries and Marine Training Consortium

Nunavut Offshore Allocation Holders Association

Qikiqtani Fisheries Alliance

LEGEND Subsidiaries 100% owned by QC Joint-Ventures Majority owned by QC Joint-Ventures < 51% owned by QC Affiliated

GROUP OF COMPANIES AND MAIN SECTORS OF ACTIVITY

Page 5: WORKING TOGETHER FOR A BETTER TOMORROW

MISSION STATEMENT: “To harvest QC fishing allocations through its wholly-owned vessel and crew.”

SAPUTI VESSEL

Up to 28 crew members each trip Carry capacity: 900 tonnes shrimp or 600

tonnes turbot Average Daily Production: 50 tonnes of

shrimp or 35 tonnes turbot $40M Annual harvesting quota value

$20M Value of fishing vessel

Page 6: WORKING TOGETHER FOR A BETTER TOMORROW

1,500

11,943

1,750

11,030

Greenland Halibut (Turbot) Northern Shrimp

2001 2017

COMMERCIAL OFFSHORE FISHERIES

Increasing NU Quotas since 2001

Page 7: WORKING TOGETHER FOR A BETTER TOMORROW

WORKING TOGETHER

Nunavut Fisheries and Marine Training Consortium - Focus: Maximizing Inuit employment in the fishery and the marine sector - Since 2005 more than $20 million spent on fishery & marine training - 91% completion rate on all courses carried out

Nunavut Offshore Allocation Holders Association - Focus: Surveys and Research & Development (R&D) of the Nunavut fishery - Established in 2012, $3-4 million are spent annually on various initiatives

Qikiqtani Fisheries Alliance - Focus: Expanding Nunavut fishery, and providing economic benefit to our communities - Established in 2017, represents Hunters and Trappers Associations (HTA) of 4

communities

Page 8: WORKING TOGETHER FOR A BETTER TOMORROW

QC’S CONTRIBUTION TO FISHERIES

MAKING MAJOR INVESTMENTS - Refit of Saputi vessel in 2012 - Invested in training, science and research, MSC certification, and participation

in industry organizations

CREATING CAREER AND EMPLOYMENT OPPORTUNITIES - Optimized Inuit hire → highest share of Beneficiary hiring among NU operators

HAVING A LONG-TERM VISION

- Invest in vessel ownership and modernization - Develop inshore fishery for member communities - Addressing the problem of lack of fishing infrastructure

Page 9: WORKING TOGETHER FOR A BETTER TOMORROW

NUNAVIK

UNGAVA BAY

FOXE BASIN

BAFFIN BAY

DAVIS STRAIT

QIKIQTARJUAQ

PROPOSED LOCATION OF DEEP WATER PORT

IQALUIT

AIRPORT

SMALL BOAT BASIN

HUDSON BAY

A DEEP WATER PORT IN QIKIQTARJUAQ, NU THE COMMUNITY

Page 10: WORKING TOGETHER FOR A BETTER TOMORROW

NUNAVIK

UNGAVA BAY

A DEEP WATER PORT IN QIKIQTARJUAQ, NU AN IDEAL LOCATION

FOXE BASIN

BAFFIN BAY

DAVIS STRAIT

QIKIQTARJUAQ

WINDS

VILLAGE OF QIKIQTARJUAQ

PROPOSED LOCATION OF DEEP WATER PORT

5 km

IQALUIT

HUDSON BAY

Page 11: WORKING TOGETHER FOR A BETTER TOMORROW

HUDSON BAY

NUNAVIK

UNGAVA BAY

FOXE BASIN

GREENLAND

NUUK

IQALUIT

BAFFIN BAY

A DEEP WATER PORT IN QIKIQTARJUAQ, NU THE BENEFITS FOR CANADA AND NUNAVUT

DAVIS STRAIT

QIKIQTARJUAQ

Page 12: WORKING TOGETHER FOR A BETTER TOMORROW

NAKURMIIK - QUJANNAMIIK - MA’NA THANK YOU - MERCI

By Harry Flaherty President & CEO, Qikiqtaaluk Corporation