First Pacific Co Ord (FPAFF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Thank you for joining this online briefing to discuss First Pacific 2023 full-year financial and operating results. The results presentation is available on First Pacific's website, www.firstpacific.com, under the investor relations session presentation page. Please note this result briefing is being recorded and the replay will be available on First Pacific's website in the investor relations session as well. For participants from the media, please note that Q&A session is open for investors and analysts only. If you would like to raise questions, please contact us when the meeting finishes. Today we have with us Mr. Chris Young, our Executive Director, Mr. Joseph Ng, Chief Financial Officer and Associate Director, Mr. John Ryan, our Associate Director and Head of Investor Relations, Mr. Stanley Young, our Associate Director and Head of Public Development, and other senior executives from the head office of First Pacific. Over to you, John, for the presentation. Thank you, everyone, for joining us. We're very proud of our results today, but we'll begin with a brief reminder of who we are. On page two of this presentation, you've got some logos of some of our more well-known assets, including the core holdings of PLDT, Metro Pacific, and New Food, and Pacific Light Power, which I'll refer to as PLP during this presentation. Over on the next page, we've got a year-end 2023 snapshot of our gross asset value. You can see we've got our four core holdings holding up most of that pie chart. All of them are at market prices except for two. MPIC is there at the price we paid at its delisting on the 9th of October last year. And PLP is down at book value. That's the money we paid for our stake in that company. Now over to the results. On the next page, I t...