F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2015)
17 slides from F.f.i's shareholder meeting presentation, Nov 12, 2015
Slide 1: Annual General Meeting 2015 Chairman's Presentation
For personal use only Annual General Meeting 2015 Chairman’s Presentation FFI Holdings Ltd - 2015 AGM
Slide 2: Contents
For personal use only Contents • Highlights FY2015 • Review of Financial Performance • Dividends • Review of Food Operations • Review of Property Investments • Investment Property Acquisition • Growth Strategy Food Operations Property Investments • Conclusion FFI Holdings Ltd - 2015 AGM 2
Slide 3: FY 2015 - A difficult but positive year for FFI
For personal use only FY 2015 - A difficult but positive year for FFI • $2.2 million net profit after tax attributable to members (earnings per share 22.7 cents) • 33% improvement in operating profit after tax (excluding property revaluation in previous year) • Full year long term lease income from
Slide 4: Key financial metrics
For personal use only Key financial metrics 2015 2014 Year ended 30 June % change $’000 $’000 Sales 29,948 30,254 Steady Earnings before interest and tax: - food operations 2,892 2,757 Up 4.9% - property income 614 119 n/a - property revaluations - 2,279 n/a - unallocated items (before interest) (40
Slide 5: Maximising long term shareholder return
For personal use only Maximising long term shareholder return is a key FFI objective and is a driver of strategies, performance goals and management processes • Final ordinary dividend of 11.0 cps fully 80 franked - full year ordinary dividends of 19.0 cps fully franked (2014:17.5 cps) 70 60 • A dis
Slide 6: Products and Markets
For personal use only Products and Markets Chocolate Products of Australia Products: chocolate – cake toppings – confectionery – fudge – candy inclusions and decorations Markets: food service – wholesale – private label – retail – industrial Fresh Foods Industries – Bakery Products Products: bakers
Slide 7: Key Business Fundamentals
For personal use only Key Business Fundamentals • Diverse manufacturing capabilities - in terms of both equipment and technical expertise • Quality products - supported by innovation and new product development • Extensive distribution network - Australia wide, industrial, food service, retail • Ext
Slide 8: Summary of Performance
For personal use only Summary of Performance • Financial results from food operations up 5% • Significant costs incurred in re-engineering the chocolate manufacturing factory resulting in a major upgrade of the chocolate manufacturing operations – benefits will flow over coming years • Ongoing revie
Slide 9: Property investment – an important driver of shareholder value
For personal use only Property investment – an important driver of shareholder value • Investment property value June 2015: At current value = $18.6m Less deferred tax = ($ 4.1m) Equity invested = $14.5m • Property investments held June 2015: Fully developed and leased (18,000 m2 approx.) Vacant lan
Slide 10: Investment Property Acquisition
For personal use only The key priority is to maximize long term capital value and increase cash flow from this valuable asset Investment Property Acquisition VEOLIA FFI FFI Holdings Ltd - 2015 AGM 10
Slide 11: Growth in Property Portfolio
For personal use only Growth in Property Portfolio • Acquisition in line with the Company’s growth strategy • Developed property adjoins Company’s existing investment properties • Property is 9,088 square meters comprising offices, workshops and hardstand • Property is partially leased and complemen
Slide 12: Growth in Property Portfolio
For personal use only Growth in Property Portfolio FFI Holdings Ltd - 2015 AGM 12
Slide 13: Ongoing organic growth opportunities
For personal use only Ongoing organic growth opportunities Fresh Food Industries Pty Ltd Food Operations Equity = $16.4m Tradition FFI Holdings Ltd Smallgoods Pty Ltd Equity = $30.4m Debt = $ 0.5m Capital = $30.9m Development and Lease Property Investments Equity = $14.5m Hold for Longer Term Growth
Slide 14: Organic growth builds shareholder value
For personal use only Organic growth builds shareholder value • Continue to focus on niche markets • Increase market penetration across all business units: category expansion leveraging off existing supply channels • Maintain profit margins by a disciplined approach to pricing and cost control • Re-
Slide 15: Maximize long term capital value and cash flow
For personal use only The key priority is to maximize long term capital value and increase cash flow from this valuable asset FFI has a three tiered growth strategy depending on the position and potential development value of the land: • Hold fully developed and leased property for rental income and
Slide 16: FFI is well positioned in its key market segments
For personal use only FFI is well positioned in its key market segments • Profitable, well established business units, with opportunities for growth • Strong financial position with low debt, quality assets and strong cash flow • Significant property investments that will contribute to group profita
Slide 17: 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 2015. • 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