Frp Holdings, Inc. · NASDAQ:FRPH
Frp — Q2 2022 Earnings Presentation
12 slides from Frp's earnings presentation, Aug 12, 2022
Slide 1: Financial Highlights Q2 2022
FRP HOLDINGS, INC. FINANCIAL HIGHLIGHTS Q2 2022 AUGUST 12, 2022 1
Slide 2: Highlights for the First Three Months
FRP HOLDINGS, INC. HIGHLIGHTS FOR THE FIRST THREE MONTHS (in 000’S) THREE MONTHS ENDED JUNE 30, 2022 JUNE 30, 2021 REVENUES 13.3% $9,628 $8,495 OPERATING PROFIT -1399.4% $2,066 ($159) NOI 15.7% $6,931 $5,990 NET INCOME CONTINUING OPS 701.2% $657 $82 (After-Tax & Non-Controlling Interest) 2
Slide 3: Highlights for the First Six Months
FRP HOLDINGS, INC. HIGHLIGHTS FOR THE FIRST SIX MONTHS (in 000’S) SIX MONTHS ENDED JUNE 30, 2022 JUNE 30, 2021 REVENUES 27.8% $18,335 $14,348 OPERATING PROFIT 167.3% $3,430 $1,283 NOI 24.0% $12,667 $10,219 NET INCOME CONTINUING OPS -95.3% $1,329 $28,455 (After-Tax & Non-Controlling Interest) 3
Slide 4: Trailing Twelve Months Highlights
FRP HOLDINGS, INC. TRAILING TWELVE MONTHS HIGHLIGHTS (in 000’S) TTM ENDED JUNE 30, 2022 JUNE 30, 2021 REVENUES 33.9% $35,207 $26,299 OPERATING PROFIT .05% $4,421 $4,419 NOI 22.7% $23,263 $18,954 NET INCOME -96.9% $1,089 $35,403 (After-Tax & Non-Controlling Interest) 4
Slide 5: Balance Sheet Excerpts
FRP HOLDINGS, INC. BALANCE SHEET EXCERPTS (in 000’S) 6/30/2022 12/31/2021 Assets: Net Investment in Properties $ 362,555 350,665 Real Estate Held for Investment, At Cost 9,969 9,722 Investment in Joint Ventures 139,655 145,443 Net Real Estate Investments 512,179 505,830 Cash and Cash Equivalents 159
Slide 6: Balance Sheet Excerpts
FRP HOLDINGS, INC. BALANCE SHEET EXCERPTS (in 000’S) 6/30/2022 12/31/2021 Long Term Debt 178,483 178,409 Deferred Income Tax 64,180 64,047 Other 9,440 10,484 Total Liabilities $ 252,103 252,940 Total Shareholders’ Equity 397,802 396,423 Noncontrolling Interest MRP 27,135 28,827 Total Equity $ 424,93
Slide 7: 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 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 Six months ended 6/30/22 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (loss)
Slide 9: 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 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 Six months ended 6/30/21 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Net Income (loss)
Slide 11: 2020 Non-GAAP Financial Matters
Mining Royalty Lands 2020 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Twelve months ended 12/31/20 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Income (loss)
Slide 12: 2020 Non-GAAP Financial Matters
Mining Royalty Lands 2020 NON-GAAP FINANCIAL MATTERS Net Operating Income Reconciliation Stabilized Joint Mining Unallocated Asset Management FRP Holdings Six months ended 6/30/20 (in thousands) Development Segment Venture Royalties Corporate Segment Totals Segment Segment Expense Income (loss) from