F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2020)
13 slides from F.f.i's shareholder meeting presentation, Nov 12, 2020
Slide 1: Annual General Meeting 2020 Shareholders' Presentation
For personal use only Annual General Meeting 2020 Shareholders’ Presentation FFI Holdings Ltd - 2020 AGM
Slide 2: Contents
For personal use only Contents • Highlights FY2020 • Financial Performance • Food Operations • Property Investments • Compulsory Acquisition of Land • Dividends • Outlook FFI Holdings Ltd - 2020 AGM 2
Slide 3: FY 2020 – Solid financial results
For personal use only FY 2020 – Solid financial results • Net profit after tax up 8% to $3.6 million (EPS 33.2 cps) • Normalised earnings from continuing operations up 14% • Ordinary dividends up 9% to 24.0 cps (fully franked) • Rental income up 10% • Strong balance sheet: Equity attributable to m
Slide 4: Key financial metrics
Key financial metrics For personal use only 2020 2019 Year ended 30 June $’000 $’000 Sales – Continuing operations 33,901 31,320 Up 8% Earnings before tax: - food operations 4,138 3,776 - property income 1,489 1,026 - interest expense (107) (164) - unallocated items (863) (856) - discontinued operat
Slide 5: Diversity of products and brands
For personal use only Diversity of products and brands Sales by Product Bakers Fillings 4% 10% 16% Chocolate - Food Service & Industrial 11% Chocolate - Retail Products 41% Inclusions, Confectionery, 18% Fudge & Candy Cake Decorations & Toppings Other FFI Holdings Ltd - 2020 AGM 5
Slide 6: Diversity of income channels
For personal use only Diversity of income channels Sales Channels 11% Industrial - Dairy / Ice 27% cream Industrial - Bakery / Confectionery 38% Wholesale / Distribution / 24% Food Service Retail Products FFI Holdings Ltd - 2020 AGM 6
Slide 7: Outstanding business units with growth opportunities
For personal use only Outstanding business units with growth opportunities • Diversity of products and sales channels provides opportunities for continuing growth • Sound growth in sales and profit driven by significant levels of capital investment in recent years • Financial results were negatively
Slide 8: Property investment – an important driver of shareholder value
For personal use only Property investment – an important driver of shareholder value • Significant assets held in property investments – current value $20.5 million • Gain on revaluation – $0.33 million – resulting from 2019 subdivision of vacant land • Net decline in holding resulting from the land
Slide 9: Major road and freeway improvement project
For personal use only Major road and freeway improvement project • The previously reported compulsory resumption was completed during the year • Summary of the impact of the resumption: Loss of value of land affected Reconfiguration of site and reinstatement costs Business disruption costs • A
Slide 10: Strategically located near Cockburn Central
For personal use only Strategically located near Cockburn Central FFI FFI Holdings Ltd - 2020 AGM 10
Slide 11: Maximising long term shareholder return is a key FFI objective
For personal use only Maximising long term shareholder return is a key FFI objective • Final ordinary dividend of 13.0 cps fully franked - full year ordinary dividends of 24.0 cps fully franked (2019:22.0 cps) • Total dividends paid $2.58 million (2019: $2.36 million) – up 9% • Current dividend payo
Slide 12: Positioned for growth
For personal use only Positioned for growth • Solid start to FY 2021 financial performance of food operations • New world class chocolate block line expected to be fully commissioned during FY 2021 • Significant levels of capital continue to be invested to improve operational performance • Negative
Slide 13: For personal use only
For personal use only • This presentation was prepared by FFI Holdings Ltd. The information herein is current as at 12 November 2020. • 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 pre