F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2018)
13 slides from F.f.i's shareholder meeting presentation, Nov 13, 2018
Slide 1: Annual General Meeting 2018 Chairman's Presentation
For personal use only Annual General Meeting 2018 Chairman’s Presentation FFI Holdings Ltd - 2018 AGM
Slide 2: Contents
For personal use only Contents • Highlights FY2018 • Financial Performance • Food Operations • Property Investments • Compulsory Acquisition of Land • Capital Employed • Dividends • Conclusion FFI Holdings Ltd - 2018 AGM 2
Slide 3: FY 2018 – Steady growth and sound results
For personal use only FY 2018 – Steady growth and sound results • Net profit after tax up 4% to $2.3 million • Sales up 4% to $34.4 million • Rental income up 3% to $1.0 million • Earnings per share steady at 21.7 cps • Ordinary dividends maintained at 20.0 cps (fully franked) • Strong balance sheet
Slide 4: Key financial metrics
Key financial metrics For personal use only 2018 2017 Year ended 30 June % change $’000 $’000 Sales 34,372 33,184 Up 4% Earnings before tax: - food operations 3,090 2,968 Up 4% - property income 1,012 981 Up 3% - interest expense (157) (156) Nil - unallocated items (699) (687) Up 2% Total earnings b
Slide 5: Diversity across all sales channels
For personal use only Diversity across all sales channels Chocolate Products of Australia Chocolate – Cake Toppings – Confectionery – Fudge – Candy Inclusions and Decorations Orchard Icing “Ready to roll” Icing and Decorations Fresh Foods Industries – Bakery Products Bakers’ Jams – Fruit Fillings Pr
Slide 6: Outstanding business units with growth opportunities
For personal use only Outstanding business units with growth opportunities • All business units performed satisfactorily (average 17% return on capital) • Continuing strong growth in chocolate, decorations and bakers’ fillings • Relocation and integration of the Orchard Icing business successfully c
Slide 7: 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 investment – current value $22.4 million • Independent licenced valuation undertaken at 30 June 2018 – no change in value • Opportunity to increase rental income significantly –
Slide 8: Major road and freeway improvement project
For personal use only Major road and freeway improvement project • New Armadale/North Lake Road extension to result in compulsory resumption of 11,600 m2 • Land to be resumed currently used for access ways, car parks, business infrastructure and land held for future development • Full compensation e
Slide 9: Strategically located near Cockburn Central
For personal use only Strategically located near Cockburn Central FFI FFI Holdings Ltd - 2018 AGM 9
Slide 10: NTA per share of $3.17
For personal use only NTA per share of $3.17 Fresh Food Industries Pty Ltd Food Operations Equity = $17.7m Tradition FFI Holdings Ltd Smallgoods Pty Ltd Equity = $34.5m Net Debt = $ 1.1m Capital = $35.7m Development and Lease Property Investments Equity = $18.0m Hold for Longer Term Growth FFI Holdi
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 10.0 cps fully franked - full year ordinary dividends of 20.0 cps fully franked (2017:20.0 cps) • Total dividends paid $2.14 million (2017: $2.08 million) – up 3% • Current dividend payo
Slide 12: Key achievements and highlights
For personal use only Key achievements and highlights • Sales and profit growth achieved for FY18 • Successful integration of Orchard Icing business and expansion of manufacturing capabilities • Positive trading outlook with steady sales growth and sound profit margins expected • Significant opportu
Slide 13: Disclaimer
For personal use only • This presentation was prepared by FFI Holdings Ltd. The information herein is current as at 13 November 2018. • 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