Frp Holdings, Inc. · NASDAQ:FRPH
Frp — Q1 2023 Earnings Presentation
11 slides from Frp's earnings presentation, May 10, 2023
Slide 1: Financial Highlights Q1
FRP HOLDINGS, INC. FINANCIAL HIGHLIGHTS Q1 2021 MAY 10, 2023 1
Slide 2: Highlights for Q1
FRP HOLDINGS, INC. HIGHLIGHTS FOR Q1 (in 000’S) THREE MONTHS ENDED MAR 31, 2023 MAR 31, 2022 REVENUES 16.2% $10,114 $8,707 OPERATING PROFIT 109.2% $2,854 $1,364 PRO RATA NOI 35.0% $6,988 $5,178 NET INCOME (15.9%) $565 $672 (After-Tax & Non-Controlling Interest) 2
Slide 3: Highlights for Trailing Twelve Months
FRP HOLDINGS, INC. HIGHLIGHTS FOR TRAILING TWELVE MONTHS (in 000’S) TWELVE MONTHS ENDED MAR 31, 2023 MAR 31, 2022 REVENUES 14.1% $38,888 $34,074 OPERATING PROFIT 332.0% $9,486 $2,196 PRO RATA NOI 41.6% $26,040 $18,390 NET INCOME 767.3% $4,458 $514 (After-Tax & Non-Controlling Interest) 3
Slide 4: Balance Sheet Excerpts
FRP HOLDINGS, INC. BALANCE SHEET EXCERPTS (in 000’S) 3/31/2023 12/31/2022 Assets: Net Investment in Properties $ 365,494 367,158 Real Estate Held for Investment, At Cost 10,298 10,182 Investment in Joint Ventures 144,677 140,525 Net Real Estate Investments 520,469 517,865 Cash and Cash Equivalents 1
Slide 5: Balance Sheet Excerpts
FRP HOLDINGS, INC. BALANCE SHEET EXCERPTS (in 000’S) 3/31/2023 12/31/2022 Long Term Debt 178,594 178,557 Deferred Income Tax 68,013 67,960 Other 7,807 10,356 Total Liabilities $ 254,414 256,873 Total Shareholders’ Equity 409,211 407,145 Noncontrolling Interest 35,974 37,066 Total Equity $ 445,185 44
Slide 6: Non-GAAP Financial Matters
Mining Royalty Lands NON-GAAP FINANCIAL MATTERS To supplement the financial results presented in accordance with GAAP, FRP presents a non-GAAP financial measure within the meaning of Regulation G promulgated by the Securities and Exchange Commission. The non-GAAP financial measure included in this P
Slide 7: 2023 Non-GAAP Financial Matters
Mining Royalty Lands 2023 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Three months ended 3/31/23 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (loss
Slide 8: 2022 Non-GAAP Financial Matters
Mining Royalty Lands 2022 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Twelve months ended 12/31/22 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (lo
Slide 9: 2022 Non-GAAP Financial Matters
Mining Royalty Lands 2022 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Three months ended 3/31/22 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (loss
Slide 10: 2021 Non-GAAP Financial Matters
Mining Royalty Lands 2021 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Twelve months ended 12/31/21 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (lo
Slide 11: 2021 Non-GAAP Financial Matters
Mining Royalty Lands 2021 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Three months ended 3/31/21 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (loss