F.f.i. Holdings Ltd. · ASX:FFI
F.f.i — Shareholder Meeting (November 2019)
13 slides from F.f.i's shareholder meeting presentation, Nov 12, 2019
Slide 1: Annual General Meeting 2019 Chairman's Presentation
For personal use only Annual General Meeting 2019 Chairman’s Presentation FFI Holdings Ltd - 2019 AGM
Slide 2: Contents
For personal use only Contents • Highlights FY2019 • Financial Performance • Food Operations • Property Investments • Compulsory Acquisition of Land • Divestment – Tradition Smallgoods • Dividends • Outlook/Future Prospects FFI Holdings Ltd - 2019 AGM 2
Slide 3: FY 2019 – Solid financial results
For personal use only FY 2019 – Solid financial results • Net profit after tax up 42% to $3.3 million (Normalised earnings up 28%) • Ordinary dividends up 10% to 22.0 cps (fully franked) • Further development of income producing property successfully completed – 5,250m²/$166,000 p.a. • Significant u
Slide 4: Key financial metrics
For personal use only Key financial metrics 2019 2018 Year ended 30 June $’000 $’000 Sales 38,369 34,372 Up 12% Earnings before tax: - food operations 4,078 3,090 - property income 1,026 1,012 - interest expense (164) (157) - unallocated items (924) (699) Total earnings before tax 4,016 3,246 Up 24%
Slide 5: Diversity of products and brands
For personal use only Diversity of products and brands 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 Prepa
Slide 6: Outstanding business units with growth opportunities
For personal use only Outstanding business units with growth opportunities • Significant improvement in productivity and profitability – chocolate and related products • Improvements driven from strong sales volumes of our core products in our key wholesale and industrial markets • Productivity gain
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 $23 million • Rental income FY2019 - $1.02 million • Stage I of previously announced investment opportunity successfully completed May 2019 – Cost $60
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 - 2019 AGM 9
Slide 10: Compulsory land acquisition necessitated sale of business
For personal use only Compulsory land acquisition necessitated sale of business • Government compulsory land acquisition necessitated a strategic review of business operations and asset allocation • Need to resolve traffic management and related occupational safety issues while still providing for f
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 12.0 cps fully franked - full year ordinary dividends of 22.0 cps fully franked (2018:20.0 cps) • Total dividends paid $2.36 million (2018: $2.14 million) – up 10% • Current dividend pay
Slide 12: Positioned for growth
For personal use only Positioned for growth • Future business growth to be driven around becoming Australia’s leading manufacturer of speciality chocolate and related products – (toppings, decorations, inclusions, fillings) • Increase management focus on core growth business in our national wholesal
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 2019. • 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