F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2024)
10 slides from F.f.i's shareholder meeting presentation, Nov 14, 2024
Slide 1: Annual General Meeting 2024
Annual General Meeting 2024 Shareholder Presentation Presented by Geoff Nicholson - Managing Director FFI Holdings Ltd - 2024 AGM
Slide 2: Contents
Contents • Highlights for the 2024 Financial Year • Financial Position • Food Manufacturing Business • Review of Food Operations • Review of Property Investments • Outlook FFI Holdings Ltd - 2024 AGM 2
Slide 3: FY 2024 – Successful trading period – sales / profit increase
FY 2024 – Successful trading period – sales / profit increase • FY 2024 was a successful trading period, resulting in significant improvement in financial performance. • Sales up 13% to $51.3 million. • Profit before tax up 70% to $3.97 million. • Final dividend up 25% to 12.5 cents per share (fully
Slide 4: Strong financial position
Strong financial position • Total equity = $44.7 million (net tangible assets per share $4.09). • Investment properties valued at $26.3 million. • Conservative borrowing levels at $4.0 million (gearing less than 10%). • Normalised earnings per share of 25.8 cents (excluding one-off expense on restat
Slide 5: Diversity across all sales channels
Diversity across all sales channels • Fresh Food Industries – a leading specialised food ingredient manufacturer, providing products and solutions for the bakers and pastry cooks, ice cream, dessert and confectionery industries. • Product range includes: Cake Icings, Toppings & Decorations Confectio
Slide 6: Well established, quality food business
Well established, quality food business • Steady sales growth across all product categories. • Significant improvement in profitability providing sound return on capital employed. • Cost containment and margin recovery were key to managing increasing raw material and overhead costs. • Plant and equi
Slide 7: Strong, long term growth assets
Strong, long term growth assets • New property acquired :1.39 hectares, vacant land, $5.3 million. • Total property investment now $26.3 million. • Significant asset representing 42% of total assets. • Rent received up 19% to $1.62 million. FFI Holdings Ltd - 2024 AGM 7
Slide 8: Positioned for growth
Positioned for growth • Subject to the important Xmas trading period, sound results expected for the current half year to December 2024. • Higher interest costs are expected to be offset by long term capital growth and property income opportunities. • Higher raw material and production costs are bei
Slide 9: Disclaimer
• This presentation was prepared by FFI Holdings Ltd. The information herein is current as at 14 November 2024. • This presentation is not an offer or invitation for subscription or purchase of securities or a recommendation with respect to any security. Information in this presentation should not b
Slide 10: Annual General Meeting 2024
Annual General Meeting 2024 Shareholder Presentation FFI Holdings Ltd - 2024 AGM
F.f.i. Holdings — Shareholder Meeting (November 2024) on 6ix