F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2005)
11 slides from F.f.i's shareholder meeting presentation, Nov 28, 2005
Slide 1: Annual General Meeting 2005 Chairman's Presentation
Jresh food industries FFI HOLDINGS LIMITED ANNUAL GENERAL MEETING 2005 CHAIRMAN’S PRESENTATION 1. FINANCIAL HIGHLIGHTS 2. OLYMPIC FINE FOODS — BUSINESS ACQUISITION 3. REVIEW OF OPERATIONS 3.1 Operating Divisions 3.2 Product Categories 3.3. Markets 3.4 Summary 3.5 Growth Strategy 4. INDUSTRY ISSUES 4
Slide 2: 1. Financial Highlights
fresh food industries FFI HOLDINGS LIMITED 1. FINANCIAL HIGHLIGHTS * Sales up 25% to $ 20.2 million. Underlying profit before interest and tax up 16% to $ 1.8 million. Underlying profit attributable to shareholders up 9% to $1.12 million. Dividend up 10% to 13.25 cents per share.
Slide 3: Dividend per Share, Underlying Profit, Net Tangible Assets
DIVIDEND PER SHARE f DIVIDEND PER SHARE UNDERLYING OPERATING PROFIT UNDERLYING PROFIT 2001 2002 2003 2004 2005 YEAR NET TANGIBLE ASSETS PER SHARE @ CENTS PER SHARE CENTS PER SHARE 2001 2002 2003 2004 2005 YEAR
Slide 4: 2. Olympic Fine Foods — Business Acquisition
Si fresh food industries FFI HOLDINGS LIMITED FINE FOODS" 2. OLYMPIC FINE FOODS — BUSINESS ACQUISITION * The acquisition of Olympic Fine Food business successfully completed. « Business restructured and relocated by 30 June 2005. * Significant expansion of our manufacturing and marketing capabilitie
Slide 5: 3.1 Operating divisions
fresh food tudustries FFI HOLDINGS LIMITED 3. REVIEW OF OPERATIONS 3.1 Operating divisions Fresh Food Industries Pty Ltd — Bakers fillings, industrial chocolate, inclusions and cake toppings. Chocolate products of Australia — Retail chocolate and confectionery, “Nemar’ brand cake toppings. Tradition
Slide 6: 3.2 Product categories
fresh food industries FFE HOLDINGS LIMITED 3.2 Product categories Current Annual Sales Cooking Chocolate 21% Bakers Fillings 16% Cake Decoration Toppings 11% Confectionery 5% Processed Meats 26% Fruit & Nuts 21% 100% SALES BY PRODUCT CATEGORIES @ Cooking Chocolate @ Bakers Fillings f Cake Decoration
Slide 7: 3.3 Markets
fresh food industries FFE HOLDINGS LIMITED 3.3 Markets Current Annual Sales Food Service/Wholesalers & Distributors 32% Other Retailers — Independents & Convenient Stores 26% Supermarkets — Major Chains 9% Industrial Customers 11% Contract Packing & Private Labels 22% 100% SALES BY MARKET SECTOR Foo
Slide 8: 3.4 Summary of review of business operations; 3.5 Growth strategy
fresh food industries FFI HOLDINGS LIMITED 3.4 Summary of review of business operations The Company’s business operating units are all well established, quality businesses in their own right. They are strategically a good fit for the group and each compliments and strengthens our industrial food pro
Slide 9: 4. Industry Issues
SD Jresh food industries FFE HOLDINGS LIMITED 4. INDUSTRY ISSUES 4.1 Growth in private labels The increased focus by both the major retail supermarket chains to expand their own labels and rationalize the product listings of independent food manufacturers. This home brand focus by the major retailer
Slide 10: 5. Property Holding — Investment
fresh food industries FFE HOLDINGS LIMITED 5. Property Holding — Investment Total land holding of 8.7 hectares. Land required for existing operations 2.3 hectares. Excess land is held as a long-term investment and is available for development and sale. The adjoining property is now sub-divided and o
Slide 11: 6. Future Outlook
fresh food tudustries FFI HOLDINGS LIMITED 6. Future Outlook The outlook for our company remains very positive — * Strong earnings growth from recent acquisitions. * Sound financial position with low debts and substantial revenue and franking credit reserves. * Strong cashflows from a diverse tradin