First Pacific Co Ord (FPAFF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Thank you for joining this online briefing to discuss First Pacific 2024, First Six-Month Financial and Operating Results. This resource presentation is available on First Pacific's website, www.firstpacific.com, under the Investor Relations Sessions presentation page. This resource briefing is being recorded, and the report will be available on First Pacific's website this evening in the Investor Relations Sessions. For participants from the media, please note the Q&A session is open for investors and analysts only. If you would like to ask us questions, please contact us when the meeting finished. Today, we have with us Mr. Chris Yang, our Executive Director, our Chief Financial Officer, Mr. Joseph Ng, Associate Directors, Mr. John Ryan and Mr. Stanley Yang, and other senior executives from First Pacific Head Office. Over to you, John, for the presentation. Thank you very much. Quick reminder on page two of this presentation, which went up at lunchtime on our website, our key assets are listed here via their logos. And we all recall we've got four areas of business that we love very much, particularly because they are in our preferred geography, emerging Asia. They're mostly defense industries and fast-growing economies. And that's how we get to, on page three, a compound annual growth rate in our gross asset value of 7% over the past 20 years. Now, the pie chart there is a little bit old. It's the end of June because these are the half-year results, after all. And our GAV was $4.9 billion, broken down here, as you see. Indofood remains as has been for some time. Our single... biggest asset, a little over $1.6 billion. MPIC, most of you will recall, was delisted, I think, formally on October 9 last year. And that price you see there is the curre...