Promoting knowledge

and conservation of the ocean

A N N U A L R E V I E W

2018 was a year of celebration and investment.

Celebration because Oceanário commemorated 20 years of high-quality public service, in support of Ocean conservation.

On top of honouring the past, we assumed that this celebration had to value the present and warrant the future.

Thus, on the 22nd of May, we celebrated our anniversary under two main themes – gratitude for our employees for their daily commitment to excellent results, and the reinforcement of Oceanário de Lisboa’s guiding values.

We invested over EUR 5 million in the facility, making 2018 our highest year of investment yet.

We also invested in our core values, which we believe will ensure our future. We launched a new gift shop and restaurant on the ground floor of Oceanário de Lisboa. A different kind of restaurant and gift shop, under the “SeaTheFuture” brand. This new project has the ambitious goal to have 95% of its products be sustainable by 2020. We will be consistent and “walk the talk”, allowing our visitors to have a unique experience, where consumption is not synonymous with environmental degradation.

20 years later, Oceanário received two new sea-otters in a highly complex and successful operation, which will allow us to continue to efficiently raise awareness about the fragility of the north pacific ecosystem for the next 20 years.

We reached over 158 000 children through our educational programmes. With the Oceano Azul Foundation, we used our know-how to develop an innovative program - “Educating for a Blue Generation” - that aims to make the theme “Ocean” permanently present in the Portuguese primary school education.

In 2018 we once again increased the number of visitors, more than 1.4 million, and increased income by 9% to more than EUR 18.5M. For the third time running, we were named by TripAdvisor the best aquarium in the world, despite more than 3 months of construction with an impact on the quality of the visit.

I believe we have paid a fair tribute to the institution’s 20-year history over the past year.

In the future, Oceanário will become even more impactful and relevant in serving the Ocean.

I hope that in 20 years we will be able to celebrate 40 years of service to the Ocean with the same satisfaction we celebrated 2018.

´CHAIRMAN’S MESSAGE José Soares dos Santos

´VisionOcean conservation is a responsibility shared by all.

´GOVERNING BODIES

PRESIDING BOARD OF THE GENERAL MEETINGChairman

Tiago Ferreira LemosSecretary

Nuno de Deus Pinheiro

BOARD OF DIRECTORSChairman

José Manuel da Silveira e Castro Soares dos SantosMembers

João Miguel Meister Falcato PereiraTiago Filipe Olavo de Pitta e Cunha

Pedro Miguel de Frias Torres Curto SimõesDavid José Ferreira Azevedo Lopes

AUDIT COMMITTEEAuditor

ERNST & YOUNG AUDIT & ASSOCIADOS - SROC, S.A. represented by João Alves ou Luís Rosado

SubstituteRui Abel Serra Martins

´SHAREHOLDERThe Oceano Azul Foundation, a non-profit

foundation under Portuguese private law whose purpose is to contribute to

the conservation and sustainable use of the ocean, is the sole shareholder of

Oceanário de Lisboa.

´MissionTo encourage people to learn more about the ocean and make all citizens aware of their duty to conserve their natural heritage, by changing their behaviour.

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2018 in numbers

´VISITORS

1 438 744 (+6%)

´VISITOR’S SATISFACTION INDEX

89%´TRIPADVISOR RATING

Best Aquarium in the World´INVESTMENT IN OCEAN EDUCATION

€ 427 000´ PARTICIPANTS IN EDUCATIONAL ACTIVITIES

158 137 (-6%)

´VIEWS OF OCEANÁRIO FILMS

4,5 million (+83%)

´SUPPORT TO CONSERVATION PROJECTS

€ 465 000´CONSERVATION PROJECTS

16´OPERATING INCOME

18.7 M€ (+9%)

´NET INCOME

1.9 M€ (-25%)

´INVESTMENTS IN EQUIPMENT

5.1 M€ (+191%)

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Thrilland inspire

´VISITORS

1 438 744 (+6%)Record number of visitors for the sixth consecutive year

20 YearsOceanário de LisboaInaugurated on May 22nd 1998, during EXPO’98, Oceanário de Lisboa celebrated its 20th anniversary in 2018. The celebrations included the inauguration of the new gift shop and restaurant spaces. On the anniversary day, the Portuguese broadcasting television channels (RTP, SIC and TVI) opened their evening news live from the central aquarium.

Lobby remodelInaugurated in May 2018 and designed by the Architect Peter Chermayeff, the new lobby configuration with the installation of the glass façade greatly improved the comfort of this central area of the visiting path. The new lobby better uses this space, while increasing the area available for the installation of new exhibitions and content.

Two new sea otters Oceanário de Lisboa welcomed two new sea otters, Odi and Kasi, who were born in Alaska in 2017. The two young males were rescued and rehabilitated by the Alaska Sealife Centre, a marine animal recovery centre. The support of Oceanário de Lisboa was vital to ensure their survival. The introduction into the Pacific habitat and the approach to the two female sea otters already present in Oceanário de Lisboa, Micas and Maré, were a success.

New zebra shark in the central aquariumA new zebra shark (Stegostoma fasciatum) was introduced in the central aquarium. This species is classified as “Vulnerable” by the International Union for the Conservation of Nature. This zebra shark, born in The Deep aquarium, in England, in December 2015, is part of the European breeding programme for this species.

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“Sharks, a mission by Brian Skerry” exhibition by National GeographicOne of the most emblematic exhibitions of National Geographic, an extraordinary trip into the world of sharks, was exhibited for the first time in Europe, in the new lobby of Oceanário de Lisboa. With 50 photographs by Brian Skerry, the exhibition aims to raise awareness among the public to the danger of extinction of these animals and the importance of their protection.

“Keep the Oceans Clean” exhibition by Skeleton SeasThe exhibition by “Skeleton Sea – Sea Art” was located in the main lobby with nine art installations made from marine litter found on beaches and removed from the sea, intending to warn of the dangers to which seabirds are subject due to plastic pollution in the ocean.

Renovated Eng. Mário Abreu auditoriumIn order to improve the visitor’s experience, the Eng. Mário Abreu Auditorium was renovated, including the pavement, the installation of more robust and comfortable chairs and of a bigger new monitor with better resolution.

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Sailfin snapper Symphorichthys spilurusIndian Ocean Habitat

California sheep head Semicossyphus pulcherPacific Habitat

Atlantic stargazer Uranoscopus scaberFlatfish Aquarium in the Atlantic Gallery

Southern pygmy leatherjacket Brachaluteres jacksonianusSea-Dragons Aquarium

New species

StarfishPentanogaster duebeniSea-Dragons Aquarium

Renovated gift shop and restaurant spacesWith the goal of creating an innovative ambiance, engaging visitors with the institution’s values and mission, Oceanário de Lisboa opened in May 2018 with a completely renovated ground floor, which includes a new gift shop, restaurant and cafeteria.

#SeaTheFuture New movement for sustainable consumptionOceanário de Lisboa took another step towards sustainability, reshaping the whole concept associated with the gift shop and with the restaurant, taking on the challenge of reducing the environmental impact of its products.

In order to do so, it created the #SeaTheFuture movement, which aims to redesign the future of the ocean, protecting the marine natural capital through an active society promoting sustainable consumption and in environmentally friendly changes in behaviour.

Elected the Best Aquarium in the World by Tripadvisor for the third timeInvestments tripleIn order to ensure the continuity of the highest standards required in the management and maintenance of all equipment, facilities and support areas, an important and extensive improvement programme was carried out, resulting in a total investment of € 5.1 million, equivalent to three times the investment made in the previous year.

100 % Clean electric energy In the second half of 2018, Oceanário de Lisboa adopted a consumption policy of 100 % clean electric energy. This Green Energy comes exclusively from certified, 100 % renewable energy sources, characterised by their maximum respect for the environment, reducing associated CO2 emissions.

New parking spaces for reduced mobility visitors2 new parking spaces were created for reduced mobility vehicles, connecting these with the inclusive pedestrian path created in 2017. This initiative reinforces the promotion of better accessibility in the surrounding public space, eliminating physical barriers and promoting comfort, autonomy and safety.

New institutional filmA new institutional film was produced, making it possible to share with all visitors the day-to-day of the various teams that ensure the activities of Oceanário de Lisboa, offering an inside look at the work developed in the areas of conservation, education, biology, engineering, operations and maintenance.

New APP: audio tour guidesA new App was launched to improve all visitor’s experience. This App provides access to an audio guide, available in six languages, where it is also possible to discover all the curiosities of the inhabitants of Oceanário de Lisboa.

World ocean day: visit from the Prime MinisterOceanário de Lisboa welcomed the visit of Prime Minister António Costa on World Ocean Day. During this visit, he reinforced the importance of the ocean for humankind and the role of Oceanário de Lisboa in the creation of a Blue Generation.

Certification and accreditation

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Discover_ 1 2 13 _

Oceanário de Lisboa maintains cooperative partnerships and relationships with a broad network of similar institutions, as well as national and international scientific organisations. This collaborative network is an important tool to share knowledge regarding conservation research. It is a pioneer in the reproduction of some species, and it also collaborates with universities and European projects, participating in national and foreign specialised conferences.

Success in breeding of 6 species allows new births at Oceanário de Lisboa

Animals bred at the Oceanário de Lisboa sent to 8 other aquariums

Participation in breeding programmes of 16 species

Training initiatives offered to 8 national and international institutions

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Participation in committees and associations

Scientific publicationsHistorical separation and present-day structure of common dolphinfish (Coryphaena hippurus) populations in the Atlantic Ocean and Mediterranean Sea. ICES Journal of Marine Science, Maggio T, Allegra A, Andaloro F, Barreiros JP, Battaglia P, Butler CM, Cuttitta A, Fontes J, Freitas R, Gatt M, Karakulak FS, Macias D, Nicosia A, Oxenford HA, Saber S, Rodrigues NV, Yildiz T, Sinopoli M.

Mortality, growth and regeneration following fragmentation of reef-forming corals under thermal stress. Journal of Sea Research, Dias, Marta; Ferreira, Ana; Gouveia, Raúl; Cereja, Rui; Vinagre, Catarina.

Synergistic effects of warming and lower salinity on the asexual reproduction of reef-forming corals. Ecological Indicators. Dias, Marta; Ferreira, Ana; Gouveia, Raúl; Vinagre, Catarina.

Anaesthetics and analgesics used in adult fish for research: A review. Laboratory animalsMartins, Tânia, et al.

Can the Diving Industry Promote Marine Conservation and Enhance Environmental Awareness? (Sal Island, Cape Verde Case). The Open Fish Science Journal, Oliveira, Miguel Tiago; Erzini, Karim; Bentes, Luís; Santos, Miguel Neves.

New area of intervention: assessing the risk of extinction of marine speciesTogether with the Species Survival Commission (SSC) of the International Union for Conservation of Nature (IUCN), Oceanário de Lisboa has created a new area of intervention for their biology team – the “IUCN Marine RED LIST Officer” will be 100 % dedicated to assessing the risk of extinction of marine species.

The Red List of Threatened Species is the largest and most comprehensive repository of information on the risk of extinction of animal and plant species, an essential tool for the development and planning of conservation initiatives.

With its IUCN Marine RED LIST Officer, Oceanário de Lisboa intends to make a significant contribution to achieve the objective of increasing the number of marine species assessed.

Discover

Communications in specialised conferences

Professional and curricular internships at Oceanário de Lisboa

Conservation

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As part of its conservation mission, Oceanário de Lisboa continuously invests in the development of studies, training and knowledge acquisition, by financing projects in the field of marine biodiversity conservation developed by several national and foreign institutions.

External electronic marking methodology allows to increase the scientific knowledge about the angel sharkAngel SharkZoological Society of London, Universidad de Las Palmas de Grand Canaria e Zoological Research Museum Alexander KoenigDeveloped in the Canary Islands since 2014, it aims to develop a methodology to imple-ment an ethically-acceptable, open source low-cost tag.

Sea turtle conservation programme in São Tomé and PrincipeTatô Programa Association | Sea Turtle ConservationThe main activities developed during the 2017/2018 season included: protection, mon-itoring and management of spawning beach-es; communication, education, awareness and participation of local communities in tur-tle conservation initiatives; and training of lo-cal community members, national authorities and technicians for the conservation of sea turtles.

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Learn more about the presence of mobulas in the azores and in the eastern atlanticManta Catalog AzoresOkeanos R&D Centre of the University of the AzoresThe project seeks to understand the importance of habitats in the Azores as Essential Fish Habitats for increased awareness of the lifestyle and migration patterns of various manta ray species in Macaronesia and other Atlantic islands.

Study on the effect of climate change in coastal fish communitiesRebreath: Intertidal reefs, nurseries in temperate regionsMARE/ISPA-IUAims at monitoring the effects of climate change on temperate waters, fish shoals, and young invertebrates living in intertidal rocky zones. The project exists since 2009 and in-cludes biweekly data collection at the Marine Protected Area of Avencas.

Rehabilitate marine animals and return them to natureEcomare centre for recovery of marine animalsUniversity of Aveiro

Under the collaboration protocol in place with the University of Aveiro for the management of the ECOMARE Centre for Recovery of Ma-rine Animals, located in Ílhavo, the Oceanário de Lisboa continued to contribute with its an-nual financial support for the rehabilitation of marine animals and their return to nature.

Study the behaviours and ways of life of the bull raysFly with Bull RaysIMAR - Sea Institute of the Azores

Seeks to monitor bull ray populations, by implementing the first intraspecific photo-identification methodology.

Save the Ria Formosa sea horsesCampaign Campaign to draw attention and alert the lo-cal, regional and national community for the importance of Ria Formosa as a national natu-ral capital/heritage to be preserved, dissem-inate the current state of seahorse popula-tions and contribute to removing their threats, ensuring their future continuity through be-havioural change and the cooperation of var-ious stakeholders.

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Ocean Conservation FundOceanário de Lisboa and Oceano Azul Foundation set up the Ocean Conservation Fund to address critical challenges surrounding the conservation of marine ecosystems. Each edition of the Fund will have a different theme related to the conservation of marine species and ecosystems.

“Threatened Marine Species. From Science To Awareness”

€ 150 000 for conservation projects dedicated to marine species classified as: “Critically Endangered”, “Endangered” and “Vulnerable”, according to the IUCN Red List of Threatened Species.

19 _Conservation

Increase scientific knowledge about the sperm whale in the Madeira archipelagoWhale Tales

ARDITI – Associação Regional para o Desenvolvimento da Investigação, Tecnologia e Inovação

Developed in the insular waters of Macaronesia, with particular focus on the Madeira archipelago, where there is little information on the habitat use and the physiological condition of the sperm whale (Physeter macrocephalus). This project’s methodology is multi-disciplinary and innovative, combining the fields of spatial ecology, ecophysiology and ecotoxicology.

Track the movements of eels in the AzoresEel TrekGaspar Frutuoso Foundation

Based on satellite telemetry methods, as well as genetic and ecological studies, the project aims to study and understand the distribution, population dynamics, movements and other factors that determine the migration period of the European eel (Anguilla anguilla).

Marine Protected Areas

Identification, description and scientific support of ecologically or biologically significant marine areas in PortugalInstitute for Nature Conservation and Forests

This initiative aims to contribute to the Unit-ed Nations Convention on Biological Diversity (CBD) process of identifying and describing Ecologically or Biologically Significant Marine Areas (EBSAs) in the Atlantic northeast.

Marine Protected Areas

Promote the expansion of the selvagens islands marine protected area Oceanário de Lisboa, together with the Oceano Azul Foundation, sponsored a legal study on the legislative process necessary to implement the expansion of the marine protected area surrounding the Selvagens Islands, in Madeira, which was submitted to the competent authorities, and is now waiting for the proposal presented to be adopted.

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Sustainable fisheries

Promote the sustainability of small-scale fishing in PortugalWith the aim of implementing a co-manage-ment pilot case in small-scale fishing in Portu-gal, a previous analysis was carried together with ANP/WWF Portugal and EDF – Environ-mental Defence Fund on small-scale fishing in Portugal, on the current policy and gov-ernance, and on possible legal constraints, with a view to assess the potentiality of im-plementing a pilot project with a possible national implementation. Together with local NGOs, fishermen, government and scientists, and through this project, the goal is to obtain a prosperous and resilient ocean, providing a higher return for fishing communities and simultaneously ensuring the sustainability of marine resources.

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Ocean Conservation Fund

Create ecological awareness about sharks and raysShark AttractMARE | Centro de Ciências do Mar e do Ambiente

Its main objectives are to collect and analyse data relating to undeclared fisheries, illegal fishing or the volume of discards, and promote ecological awareness about sharks and rays, through initiatives and activities specially designed to raise awareness among fishermen, administrators and public administration technicians, school-aged young people and the general public, whose activity relates to the marine environment and the conservation of these species.

Ocean Conservation Fund

Assessing ray and shark populationsFindRaySharkMARE | Centro de Ciências do Mar e do AmbienteAims to contribute to the conservation of rays and sharks worldwide, through assessment of their populations, implementing an innovative and non-invasive technological approach. The project will help to improve the management of marine habitats and resources, promoting management initiatives and best practice guides, and raising awareness among the general public through activities of dissemination of the study results, for a shared responsibility to safeguard these marine species.

Ocean Conservation Fund

The importance of oceanic islands for migratory sharkslslandShark

University of the Azores /OMA – Observatório do Mar dos Açores

The project aims to answer the following question: “Are there breeding grounds for migratory sharks in the Macaronesian Archipelagos, and what is their role in the resilience of Atlantic populations?” The research plan is focused on two key species - the hammerhead shark and the tope shark - and is based on non-invasive and non-lethal techniques, a key requirement to ensure the well-being of endangered species as they are handled, and on state-of-the-art biotelemetry and genomics technology.

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´PARTICIPANTS IN EDUCATIONAL ACTIVITIES

158 137´INVESTMENT IN OCEAN LITERACY

€ 427 000

Educate and engageOceanário de Lisboa’s educational activities aim to contribute to raising ocean literacy in Portugal, based on the values of sustainability and the need for conservation of marine biodiversity. In order to contact and raise awareness of a greater number of people, promoting knowledge of the ocean and the desire to contribute to its conservation, Oceanário de Lisboa increased in 2018 the number of mobilisation and training projects for a “Blue Citizenship” society.

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30 000Vaivém Oceanário Brings the ocean to 25 municipalities in the country

PARTICIPANTS

_ 2 4 Educate and engage

ClimateChangehighlighted in the Education Programme Oceanário de Lisboa’s Education Programme deepens the knowledge about the ocean through a vast educa-tional programme of activities taking place in the aquar-ium - a unique educational setting, able to transform and influence children and adults of all ages. With an inno-vative approach, the activities for the 2018-19 school year raise the awareness of children and young peo-ple between the ages of 3 and 18 to the current issue of climate change, encouraging behaviour changes.

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43 000MarinePlasticology Brings awareness to children about plastic pollution in the ocean

CHILDREN

6 000Learn to redesign their relationship with

plastic

SCOUTS

Ocean Conservation Reaches visitors at São Mateus Fair, in Viseu

4 000VISITORS

6 800

Francisco LufinhaSchool Tour Inspires young people to have a proactive attitude towards the sea

YOUNG PEOPLE

World champion and five-time national bodyboard champion is the new ocean leader who shares her experience on the beaches of Portugal and her concerns about marine litter

From Algarve learn how to protect the ria Formosa seahorses

9 152STUDENTS

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Education for a Blue GenerationUnprecedented programme brings ocean literacy to classrooms

Oceano Azul Foundation and Oceanário de Lisboa, with the support of the Directorate-General for Education, created the pilot project “Education for a Blue Generation”, which aims to transform Portugal’s future generations into European citizens with more knowledge about the ocean.

The project is based on the development of ocean literacy with all children residing in Portugal, between the ages of 5 and 10, by training primary school teachers (the first cycle of basic education) and the integration of the first text-book on the ocean in a school context.

The pilot project began in the municipality of Mafra, involving all schools in the Municipality. It had the participation of 181 teachers in a 12-hour training initia-tive, certified by the Scientific Council of Educational Training. It also included a textbook on the ocean, which came with an activity kit. It is hoped that this action brings blue literacy to nearly 4 000 students of this Municipality.

JoanaSchenker

WaterSportsRaise young people’s awareness for responsible attitudes towards the ocean. Offered vessels to 8 schools across the country

8 millionTv campaignOn the important role that each person has in reducing ocean waste

PEOPLE

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Communication promotes ocean knowledge Oceanário de Lisboa’s communication aims to promote knowledge of the ocean and inspire citizens’ to the duty of its conservation, bringing the important themes and issues regarding the ocean to all visitors and to those who do not visit Oceanário de Lisboa. It also seeks to promote the activities carried out by Oceanário de Lisboa, factors that con-tribute to the motivation for visiting the aquarium.

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2010 2011 2012 2013 2014 2015 2016 2017 2018

EBITDA 2.324 2.659 2.101 2.192 2.480 2.836 5.444 6.766 5.920

EBIT 1.874 1.995 1.385 1.638 1.955 1.953 3.243 4.587 3.752

EARNINGS BEFORE TAXES 1.840 1.955 1.329 1.580 1.960 1.931 1.868 3.334 2.464

NET INCOME 1.361 1.406 976 1.165 1.493 1.519 1.481 2.494 1.879

2,3242,659

2,101 2,192 2,4802,836

5,444

6,7665,920

1,361 1,406976 1,165

1,4931,519 1,481

2,494 1,879

Financialinformation

_ 3 0 31 _

1,143,995

971,953860,035 888,695 914694 918,752 910,910 966,578

1,037,7501,019,684 968,873 951,543 952,580 901,912 920,084986,703

1,148,6581,264,952

1,360,582

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

1,438,744VISITORS

REVENUETHOUSANDS OF EUROS

COSTSTHOUSANDS OF EUROS

FINANCIAL RESULTSTHOUSANDS OF EUROS

INVESTIMENTSTHOUSANDS OF EUROS

2018 2017 VARIATIONVALUE

VARIATION%

Admissions 15.928 14.903 1.025 7%

Shop 1.929 1.140 789 69%

Shop Rentals 257 542 -285 -53%

Sponsorship 115 187 -72 -39%

Rental Of Event Facilities 85 60 25 41%

Other Income And Gains 373 375 -2 0%

TOTAL REVENUE 18.688 17.207 1.481 9%

9,490

11,313

13,165

14,90315,928

2014 2015 2016 2017 2018

ADMISSIONS REVENUETHOUSANDS OF EUROS

2018 2017 VARIATIONVALUE

VARIATION%

Cost of goods sold 662 367 295 80%

External supplies and services 8.942 7.343 1.599 22%

Staff costs 2.714 2.375 339 14%

Depreciation and amortisation costs 2.168 2.179 -11 0%

Interests 1.314 1.289 25 2%

Other costs and losses 422 320 102 32%

TOTAL COSTS 16.224 13.873 2.351 17%

2014 2015 2016 2017 2018

General investments of the company 149 61 44 1.015 3.012

Temporary Exihibhition 392 561 0 0 1.099

Engineering and Projects 125 181 1.200 642 761

Commercial 18 19 114 1 79

Education 11 7 21 36 65

Biology and Conservation 42 12 61 41 55

Operations 0 0 32 11 4

Communication 0 15 0 0 0

TOTAL 737 856 1.472 1.746 5.075

737 856

1,4721,746

5,075

2014 2015 2016 2017 2018

Promoting knowledge

and conservation of the ocean

A N N U A L R E V I E W