PRESENTATION TO SHAREHOLDERS 23 RD OCTOBER, 2015 VISION To be the - - PowerPoint PPT Presentation

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PRESENTATION TO SHAREHOLDERS 23 RD OCTOBER, 2015 VISION To be the - - PowerPoint PPT Presentation

Feb 16, 2023 282 likes •672 views

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

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PRESENTATION TO SHAREHOLDERS

23RD OCTOBER, 2015

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VISION

To be the most innovative investment Group in the South Pacific

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Create Sustainable and consistent value Promote the growth & Development Maintain Highest integrity Lead in all chosen areas

MISSION

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Iowane Naiveli Chairman Since: 2011 Viliame Naupoto Deputy Chairman Since: 2015

BOARD OF DIRECTORS

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Sakiusa Raivoce Since: 2012 Ulaiasi Taoi Since: 2013 Viliame Cegumalua Since: 2014 Isikeli Tuituku Since: 2014 Aisea Vosailagi Since: 2015 John O’Connor Since: 2015

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Group Assets: $459m Group Borrowing: $206m Group PPE: $127m FHL GROUP

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Shareholders Fund: $204m No of Location in Fiji: 42 Total Staff: 1600++ FHL GROUP

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Active

31 31

Divestments

18

Total Investments

49

FHL INVESTMENT : 1984 - 2015

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Failed Investments: 4

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Fijian Holdings Ltd FHL Media Ltd FHL Stockbrokers Ltd FHL Fund Management Ltd South Seas Cruises Ltd FHL Retailing Ltd Basic Industries Ltd FHL Properties Ltd

100% (7)

Blue Lagoon Cruises Holdings Ltd (100%) Blue Lagoon Cruises Ltd (93%) R B Patel Group Ltd Fiji TV Ltd Amalgamated Telecom Holdings Ltd Fiji Gas Ltd Pacific Green Ltd Kontiki Growth Fund Ltd Fiji Care Ltd Life Cinema Media Niugini Ltd

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DIVESTMENT/CEASED OPERATION

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Total Investments:$4M No of Seat: 620

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Expansion: $5M 1,000 Seats

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Total Investments: $3.763M

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0m 50m 100m 150m 200m 250m

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

GROUP PORTFOLIO

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Tourism 24% Finance 23% Retailing 19% Media 10% Building & Construction 8% Manufacturing 8% Properties 8%

FHL PORTFOLIO

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GROUP ASSETS AND SHF ($M)

50 100 150 200 250 300 350 400 450 500 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Total Assets Shareholders Fund

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OPERATING REVENUE ($M)

50 100 150 200 250 300 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Group Fijian Holdings Limited

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10 20 30 40 50 60 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)

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$’M FY2012 (Actual) FY2013 (Actual) FY2014 (Actual) FY2015 (Actual) FY2016 (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

PAST/PRESENT/FUTURE

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  • 1,000

2,000 3,000 4,000 5,000 6,000 7,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

IMPAIRMENT/DIMINUTION IN VALUE OF INVESTMENT

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1 2 3 4 5 6 7 8

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

DIVIDENDS PAYMENTS ($M)

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  • 20,000,000

40,000,000 60,000,000 80,000,000 100,000,000

A Class B Class Total

$91,361,782 $41,351,000 $50,010,782

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5 10 15 20 25 30 35 40 45 50 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

FHL RETURN ON INVESTMENT

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3.35 3.95 3.50 2.16 2.79 3.22 2.90 2.78 3.10 3.33 3.90 4.08

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Current

SHARE PRICE

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CHALLENGES

  • BIL (PNG) LTD
  • FIJI TV
  • MYSTIQUE PRINCESS
  • SUSTAINABILITY
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BIL (PNG) Ltd

Total Loss to-date: $7.688M

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MYSTIQUE PRINCESS

Total Investment: $10M++

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TRENDS

  • 5,000,000
  • 5,000,000

10,000,000 15,000,000 20,000,000 2010 2011 2012 2013 2014 2015

Sky Pacific over 6 years

Revenue Total Expense Profit After Tax

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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

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FINANCIAL PERFORMANCE

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WAY FORWARD

  • Strategic Partners (expertise)
  • Restructure & re-engineer for listing
  • Privatization of SOE
  • Divesting underperforming investment
  • Sale of unutilized assets
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WAY FORWARD

  • Listing
  • Agriculture/Dairy
  • Industrial Products
  • Renewable Energy
  • Pacific Expansion (Availability ???)
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FHL Towers

Total Investments: $35M++

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CONCLUDE & REMARKS

CONTRIBUTION TOWARDS FIJI’S ECONOMY GROWTH. FHL- FLAGSHIP STORY CHALLENGE IS SUSTAINABILITY

SUCCESS!

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VINAKA