F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2010)
20 slides from F.f.i's shareholder meeting presentation, Nov 16, 2010
Slide 1: Annual General Meeting 2010
For personal use only ANNUAL GENERAL MEETING 2010
Slide 2: Presentation Outline
Presentation Outline For personal use only Financial Highlights 2010 Financial Performance Capital Management Review of Operations Property Investment Conclusion / Outlook
Slide 3: Financial Highlights 2010
Financial Highlights 2010 For personal use only Net profit after tax from food operations up 76% to $2.6 million. Sales revenue up 20% to $32.5 million. Increase in investment property values of $816,000 -6.25% Dividend up 39% to 25 cents per share. Special dividend of 50 cents per share a
Slide 4: Financial Performance: Sales Revenue
Financial Performance For personal use only SALES REVENUE Average Sales Growth 14%
Slide 5: Financial Performance: Underlying Profit
Financial Performance UNDERLYING PROFIT For personal use only FROM FOOD OPERATIONS Average Profit Growth 28%
Slide 6: Financial Performance: Dividends Paid
Financial Performance For personal use only DIVIDENDS PAID Average Dividend Growth 21%
Slide 7: Financial Performance: Shareholders Equity
Financial Performance For personal use only SHAREHOLDERS EQUITY 25000 20000 15000 Shareholders Equity 10000 $(000) 5000 0 2003 2004 2005 2006 2007 2008 2009 2010 Average Growth in Shareholders Equity 19%
Slide 8: Capital Management
Capital Management For personal use only Special dividend of 50 cents per share paid in August 2010. Total franked dividend paid amounted to $3.5 million. Dividend was subject to the Dividend Reinvestment Plan (D.R.P.) and was underwritten by stockbrokers Taylor Collison Ltd. Shares on issue
Slide 9: Review of Operations Highlights
Review of Operations – Highlights For personal use only Expansion of manufacturing capability - new sugar coating plant. Further upgrades to chocolate and cake toppings manufacturing plant. Divestment of Olympic Fine Foods. Acquisition of Snowflake Icing Sugar Brand.
Slide 10: New Automatic Sugar Coating Plant
Review of Operations New Automatic Sugar Coating Plant For personal use only Installation and commissioning successfully completed. Significantly expands our product range. Strengthens our position in the cake toppings markets. Provides opportunity for long term growth. Benefits will comme
Slide 11: Production Plant Upgrades
Review of Operations Production Plant Upgrades For personal use only Significant capital expenditure incurred in upgrading chocolate and cake toppings production plant. Plant upgrades resulted in increased capacity, improved quality and reduced costs. Improved quality and increased capacity to
Slide 12: Olympic Fine Foods - Divestment
Review of Operations – Olympic Fine Foods - Divestment For personal use only Resulted from a strategic review of business operations and asset allocations. Expected to increase the rate of return on funds employed. The consideration for the sale of the business was $1,843,000 - profit on sale
Slide 13: Snowflake Icing Sugar Brand Acquisition
Review of Operations Snowflake Icing Sugar Brand Acquisition For personal use only The acquisition of the Snowflake Icing Sugar Brand has been successfully completed. Snowflake is a premium quality retail icing sugar brand, previously owned by Anchor Foods. Product is available from leading su
Slide 14: Summary: Business Units
Review of Operations – Summary For personal use only Chocolate Products of Australia - Chocolate, cake toppings and confectionery for industrial and retail. Fresh Food Industries - Bakers jams and fruit fillings for the bakers and pastry cooks industry. Prepact - Blending and packing of cooking ingr
Slide 15: Summary
Review of Operations – Summary For personal use only All business units are performing well and are providing excellent returns on capital invested. Each business unit provides opportunities for growth. More focused, robust business model with unique natural competitive advantages.
Slide 16: Investment Property
Investment Property For personal use only Land held for investment purposes totals 6.7 hectares. The property comprises prime industrial/commercial land located adjacent to the rapidly growing Cockburn Central Town Centre. The land is located next to the two major transport networks running so
Slide 17: Investment Property
Investment Property For personal use only Further development of the proposed subdivision has been deferred pending a review of the current market conditions. Current independent value = $13.9 million (average of $207 per mtr). Potential development or further subdivision of the land is likely
Slide 18: For personal use only
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Slide 19: Conclusion
Conclusion For personal use only Significant improvements achieved in all areas. Both short term and long term outlook are positive. Sound financial position with low debts and strong, diverse cash flows. Quality highly profitable business units, with opportunities for growth. Will continu
Slide 20: Annual General Meeting 2010
For personal use only ANNUAL GENERAL MEETING 2010