PRESENTATION TO SHAREHOLDERS 23 RD OCTOBER, 2015
VISION To be the most innovative investment Group in the South Pacific
MISSION Lead in all Create Maintain Promote the growth chosen areas Sustainable and Highest & Development consistent value integrity
BOARD OF DIRECTORS Iowane Naiveli Viliame Naupoto Chairman Deputy Chairman Since: 2011 Since: 2015
Ulaiasi Taoi Viliame Sakiusa Raivoce Cegumalua Since: 2013 Since: 2012 Since: 2014 Aisea Vosailagi John O’Connor Isikeli Tuituku Since: 2015 Since: 2015 Since: 2014
FHL GROUP Group Assets: $459m Group Borrowing: $206m Group PPE: $127m
FHL GROUP Shareholders Fund: $204m No of Location in Fiji: 42 Total Staff: 1600++
FHL INVESTMENT : 1984 - 2015 Active Total Investments Divestments 49 31 31 18
Failed Investments: 4
Fijian Holdings Ltd 100% (7) Media Fiji TV Ltd FHL Media Ltd Niugini Amalgamated Telecom Holdings Ltd Ltd Fiji Gas Ltd Pacific Green Ltd FHL Stockbrokers Ltd Kontiki Growth Fund Ltd Fiji Care Ltd FHL Fund Management Ltd Life Cinema Blue Lagoon Cruises Blue Lagoon South Seas Cruises Ltd Holdings Ltd (100%) Cruises Ltd (93%) FHL Retailing Ltd R B Patel Group Ltd Basic Industries Ltd FHL Properties Ltd
DIVESTMENT/CEASED OPERATION
Total Investments:$4M No of Seat: 620
Expansion: $5M 1,000 Seats
Total Investments: $3.763M
GROUP PORTFOLIO 250m 200m 150m 100m 50m 0m 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
FHL PORTFOLIO Properties 8% Manufacturing Tourism 8% 24% Building & Construction 8% Media 10% Finance 23% Retailing 19%
GROUP ASSETS AND SHF ($M) 500 450 400 350 300 250 200 150 100 50 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Total Assets Shareholders Fund
OPERATING REVENUE ($M) 300 250 200 150 100 50 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Group Fijian Holdings Limited
PROFIT BEFORE TAX ($M) 60 50 40 30 20 10 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Group Fijian Holdings Limited
PAST/PRESENT/FUTURE $’M FY2012 FY2013 FY2014 FY2015 FY2016 (Actual) (Actual) (Actual) (Actual) (Forecast) Revenue FHL 17.06 19.34 19.46 26.90 22.82 FHL Group 183.66 229.89 253.39 276.58 280.62 NPBT FHL 9.40 9.88 10.89 12.33 13.09 FHL Group 16.60 19.46 18.30 20.55 20.73
IMPAIRMENT/DIMINUTION IN VALUE OF INVESTMENT 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
DIVIDENDS PAYMENTS ($M) 8 7 6 5 4 3 2 1 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
$91,361,782 Total $41,351,000 B Class A Class $50,010,782 - 20,000,000 40,000,000 60,000,000 80,000,000 100,000,000
FHL RETURN ON INVESTMENT 50 45 40 35 30 25 20 15 10 5 0 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
SHARE PRICE 4.08 3.95 3.90 3.50 3.35 3.33 3.22 3.10 2.90 2.79 2.78 2.16 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Current
CHALLENGES • BIL (PNG) LTD • FIJI TV • MYSTIQUE PRINCESS • SUSTAINABILITY
BIL (PNG) Ltd Total Loss to-date: $7.688M
MYSTIQUE PRINCESS Total Investment: $10M++
Sky Pacific over 6 years 20,000,000 15,000,000 10,000,000 5,000,000 - 2010 2011 2012 2013 2014 2015 -5,000,000 Revenue Total Expense Profit After Tax TRENDS
THE TRANSACTION 1. Initial Consideration: $5.75M 2. Assignment of Content: $2.28M 3. Content Re-broadcast: $1.80M 4. PPV: $0.20M TOTAL $10.03M Certain - Consideration of $5.75M At Risk - others
FINANCIAL PERFORMANCE
WAY FORWARD • Strategic Partners (expertise) • Restructure & re-engineer for listing • Privatization of SOE • Divesting underperforming investment • Sale of unutilized assets
WAY FORWARD • Listing • Agriculture/Dairy • Industrial Products • Renewable Energy • Pacific Expansion (Availability ???)
FHL Towers Total Investments: $35M++
CONCLUDE & REMARKS SUCCESS! FHL- FLAGSHIP STORY CHALLENGE IS SUSTAINABILITY CONTRIBUTION TOWARDS FIJI’S ECONOMY GROWTH .
VINAKA
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