Company Profile

First Capital Holdings PLC I 1 Name of Company First Capital Holdings PLC

Name of Subsidiaries First Capital Treasuries Limited First Capital Limited First Capital Asset Management Limited First Capital Markets Limited First Capital Equities (Private) Limited

Legal Form Public Limited Liability Company Listed on the

Company Registration Number PQ 44

Registered Office No. 2, Deal Place, Colombo 3,

Secretaries K H L Corporate Services Limited No. 2, Deal Place, Colombo 3 T: +94 11 2639807, +94 11 2639898

Registrars SSP Corporate Services (Private) Limited No. 101, Inner Flower Road, Colombo 03 T: +94 11 2573894

Lawyers Neelakandan & Neelakandan Attorneys - at - Law and Notaries Public M&N Building (Level 5) No. 2, Deal Place, Colombo 3

Auditors KPMG Chartered Accountants 32 A, Sir Mohamad Macan Marker Mawatha P.O. Box 186, Colombo 03

Principal Bankers Commercial Bank of Ceylon PLC PLC Peoples’ Bank PLC

Branches Matara, ,

*Company Profile as at 31st March 2015 SNAPSHOT OF 2014

Innovative Products First Capital Equities Private Limited u We place great emphasis on delivering profitable Our research reports are recognized as reliable and investment solutions through the introduction of tactical resources by clients and corporates alike. pioneer new products and landmark deals

— Platinum bonds – a long-term, fixed-return gilt First Capital Asset Management Limited investment, becoming the first primary dealer First Capital Wealth Fund has established itself as the in Sri Lanka to launch a repo investment option best performing Fixed Income Unit Trust fund in Sri Lanka backed by Government securities ending 2013 with a 14.93% yield and 2014 with a 19.84% yield. — Sri Lanka’s first AAA rated debenture, the first foreign guaranteed debenture (guaranteed by The unit succeeded to grow by four-fold funds under its GuarantCo) management from Jan-Dec 2014. — The first insurance company guaranteed debenture (guaranteed by Janashakthi Insurance PLC)

— Revolutionary microfinance receivables-backed securitisation

First Capital Treasuries Limited As the country’s first and largest non-bank primary dealer, First Capital Treasuries Limited retains the position of front runner by consistently providing expertise insight and understanding gained from holding the largest capital base valued at over LKR 1.5 Bn and a large net trading income of over LKR 1 Bn giving us a unique advantage.

The unit successfully completed an issue of listed debentures of LKR 0.5 Bn making it the first listed Primary Dealer in the country, with a rating of A-.

First Capital Limited Spearheading every aspect of our operations, First Capital Limited Sri Lanka’s leading manager for listed debenture issues (2014/2015), mobilized over LKR 20 Bn in corporate debt securities, including acting as manager to LKR 9.4 Bn listed debenture issues.

Ranked the top intermediary in secondary market listed debenture trading by the Colombo Stock Exchange, with a turnover of LKR 1.8 Bn from 1st April 2014 to 31st December 2014.

First Capital Holdings PLC I 3 INTRODUCTION : Why First Capital? First Capital emerged in the early 80’s as a pioneer of Sri We are distinguished by our exempla- Lanka’s primary dealing arena dealing in Government ry work ethic. Securities. Capitalizing on an entrepreneurial mindset we First Capital has been present in the local market for over have since transformed into the full service investment bank 30 years. Our name is synonymous with long term client we are today. relationships and enduring trust. We believe in growing on the foundation of our legacy whilst evolving to suit the We are listed and traded at the Colombo Stock Exchange dynamic needs of our clients. At First Capital our work ethic and our business lines are regulated by the Central Bank of does not only signify productivity but also embodies the Sri Lanka, The Securities and Exchange Commission of Sri virtues of integrity, professionalism and adherence to the Lanka and The Colombo Stock Exchange. highest ethical standard. The trust placed in us and the resilience of our relationships thrive on this philosophy. Sector expertise and client focus help us craft objective capital market solutions. We navigate through complex We are committed to our client-centric strategic and financial issues to offer bespoke advisory services. business model. Realising, optimising and driving value for both our Our range of services include corporate and individual clients through a multitude of • Capital Markets and Advisory services and products is our primary focus. In doing so, we continually align our interests with that of our clients so as • Fixed Income to avoid the many conflicts of interest inherent to our line of business. We believe in building long-term relationships • Equities and have an all pervading interest to create, protect and • Asset Management grow the capital entrusted in us. Our independence and objectivity whilst providing tailored to fit solutions results We offer objective advice and transaction execution relating in continued business referrals. The integrity of our multi- to capital raising and other strategic needs including service business platform depends on such recognition and mergers and acquisitions. We are active in the areas of fixed in turn provides our team the necessary impetus to focus income and equities providing both investment products on our clients. and trading solutions. We serve institutional and individual asset management needs through unit trust investments We possess Unique Market Insight and and tailored wealth management solutions. Execution Ability. Guiding Principles We are distinguished by deep industry knowledge and senior relationships extending to several financial services. Our guiding principles form the foundation for our We transfer to our clients the expertise and insight gained productivity and professionalism. They drive us to provide through advising transactions and investments over three a comprehensive suite of investment banking services, decades. Our ability to match the right parties to execute continually holding integrity and ethics as cornerstone. investment banking transactions as well as provide fitting investment opportunities to our clients, both institutional Vision and individual, is exceptional. Our vision is to be the leading Investment Bank in Sri Lanka. Ours is a Highly Skilled and “Hands Mission on” Senior Team. Our mission is to deliver innovative and profitable Our senior professionals have significant transaction investment solutions to our clients, continuously improving experience and current industry knowledge. When it comes processes and technology, whilst developing the talent to investment banking transactions, our senior resources will of our employees to produce superior and sustained work closely with clients to leave no stone unturned. Further, shareholder returns. in providing our clients exciting investment alternatives, they act as continuous innovators and trusted advisors.

4 I First Capital Holdings PLC Ownership and Management Ms. Minette D. A. Perera FCA, FCMA, FCCA Director Board of Directors Ms. Minette D. A. Perera was the Group Finance Ms. Manjula Mathews FCMA, MBA Director of the MJF Group, which comprises of several Executive Chairperson tea growing, packing and exporting companies, Ms. Mathews brings to the Board over 20 years supplying the “Dilmah Tea” brand around the world, experience in General Management and Finance, from September 2000 till March 2013. During the both in Sri Lanka and overseas. She currently serves period of her employment with the MJF Group she was as Executive Chairperson of Dunamis Capital PLC and appointed a Director of the MJF Group of Companies other Dunamis subsidiaries and served as Managing including MJF Holdings Limited and held the Board Director of the Dunamis group until 24 September positions till December 2014. She has also held board 2014. positions before joining the MJF Group.

Ms. Mathews was formerly the Finance Director at Ms. Perera currently serves on the Board of First Janashakthi Insurance PLC, one of the leading insurers Capital Holdings PLC and Orient Finance PLC as an in the country where she continues to hold a Non- independent non executive Director and also serves as Executive position. She is a Fellow Member of the a Director of the subsidiaries of First Capital Holdings Chartered Institute of Management Accountants of UK PLC namely First Capital Limited, First Capital Markets and holds a Masters Degree in Business Administration Limited, First Capital Asset Management Limited, First from the University of Cambridge (UK). Capital Equities (Private) Limited and First Capital Investments (Private) Limited. Mr. Dinesh Schaffter ACMA, LLB (UK) Managing Director Ms. Perera is on the Board of Services PLC since September 2000, Kahawatte Plantations PLC Mr. Dinesh Schaffter counts over 20 years experience since January 2001 and Talawakelle Tea Estates PLC in the Financial Services and Manufacturing sectors. since January 2012. He currently serves as the Managing Director of Dunamis Capital PLC and other Dunamis subsidiaries. Ms. Perera is a Fellow Member of the Institute of Mr. Schaffter is an Associate Member of the Chartered Chartered Accountants of Sri Lanka, the Chartered Institute of Management Accountants (UK), and holds Institute of Management Accountants of UK and the a Bachelor of Laws – Honours Degree (LLB) from the Association of Chartered Certified Accountants of United Kingdom. UK. She has over 35 years working experience as a qualified accountant having worked in leading local Mr. A. D. E. I. Perera Chartered Marketer and international companies as an Executive Director. Director Mr. A. D. E. I. Perera is a Chartered Marketer and a Mr. Nishan Fernando FCA, ACMA, MBA (University Graduate of the Chartered Institute of Marketing, UK, of Sri Jayewardenepura) with over 40 years of experience in management. He Director has undergone management training in UK, Sweden, Mr. Nishan Fernando is a Fellow member of the Institute South Korea, India, the Philippines and Singapore. of Chartered Accountants of Sri Lanka, an Associate Member of the Chartered Institute of Management Currently, he is the Non-Executive Chairman of M&E Accountants (CIMA) of UK and holder of an MBA from (Private) Limited and a Non-Executive Director of the Postgraduate Institute of Management of the Dunamis Capital PLC, First Capital Holdings PLC, University of Sri Jayewardenepura. Keells Food Products PLC, Janashakthi Insurance PLC, Janashakthi PLC, Sting Consultants (Private) Limited, He has officiated as Independent Director/Chairman Brand Finance Lanka (Private) Limited, MAS Tropical Audit Committee of Browns Investments PLC, as Foods (Private) Limited and United Motors PLC. President, Vice President and Council Member of the Institute of Chartered Accountants of Sri Lanka, as a He is also a member on the Board of Study of the Commission Member of the Securities & Exchange Postgraduate Institute of Management, University of Commission of Sri Lanka, as a member of the Sri Lanka Sri Jayewardenepura (PIM) and is actively engaged in Accounting and Auditing Standards Monitoring Board management education and consultancy. and since 2009 has been functioning as Chairman of

First Capital Holdings PLC I 5 the Statutory Accounting Standards Committee which Institute of Management Accountants (UK), and holds promulgates the Accounting Standards in Sri Lanka. a Bachelor of Laws – Honours Degree (LLB) from the United Kingdom. Mr. Fernando has also gained valuable experience as a member of the International Accounting Education Mr. Dilshan Wirasekara Standards Board of the International Federation of Chief Executive Officer Accountants (IFAC) and currently serving as a member Mr. Dilshan Wirasekara is an experienced financial of its Consultative Advisory Group. services professional having worked in investment banking and leading commercial banks in Sri Lanka. Mr. Fernando counts over 20 years of experience holding senior positions in the fields of Accounting and He has over 18 years of overall experience in financial Finance. He also serves as a Director of BDO Consulting services spanning both debt and equity related (Private) Limited and First Capital Holdings PLC and its businesses. Possessing specialist Treasury expertise he subsidiaries. was the General Manager of Softlogic Capital PLC, the financial services holding Company of the diversified Mr. Chandana de Silva FCA (England & Wales), FCA Softlogic Group and was instrumental in securing major (Sri Lanka) investments from overseas Development Financial Director Institutions to the firm as well as being in charge of Mr. Chandana de Silva has held several senior all investment and trading portfolios spanning the management positions including that of Chief Financial subsidiaries that included a Licensed Finance Company, Officer for Level (3) Communications in Europe a Composite Insurer and Equity Brokerage. NASDAQ quoted company and Head of Financial Planning for British Telecommunications PLC. He was formerly the Head of Treasury of PLC and spearheaded the unit in achieving Since moving back to Sri Lanka in 2002 he has worked ‘market maker’ status as an interbank counterparty for MAS Holdings in a variety of roles and established delivering exponential profit growth. Prior to that, he the Supply Chain Management function, set up the was attached to the Treasury Division of MAS training centre and until December 2011 was the PLC. He has undergone extensive training both locally Chief Executive Officer of the MAS Investment Division. and overseas specialising in Asset and Liability Risk Management and has the rare honour of leading and He serves as a management consultant to clients in the representing two Sri Lankan companies to winning the investment, manufacturing, property development and International Bank Asset and Liability competition held IT sectors and is on the Board of Hemas Transportation each year by FMO, DEG and Proparco. (Private) Limited, Eureka Technologies (Private) Limited, 24/7 Techies (Private) Ltd, and Sea-Change Partners Mr. Jaliya Wijerathne Lanka (Private) Limited. He also serves as a Director Chief Executive Officer – First Capital Equities (Pvt) Ltd of Dunamis Capital PLC, Kelsey Developments PLC, Contact : +94 71 5329602 | [email protected] Premier Synthetic Leather Manufacturers (Private) Limited, First Capital Holdings PLC and its subsidiaries. Mr. Jaliya Wijerathne is the CEO of the stockbroking arm of First Capital Group. Mr. de Silva is a Fellow Member of the Institute of Chartered Accountants in England and Wales and Mr. Wijerathne has over two decades of experience in in Sri Lanka and holds a Degree in Mathematics and Investment Advisory, Fund and Portfolio Management Management from the University of London. and his strengths emanate from previously held Management Team positions as Senior Investment Advisor at Commercial CBC Crosby Capital (Private) Limited, Senior Manager Mr. Dinesh Schaffter ACMA, LLB (UK) Sales at DFCC Stock Brokers (Private) Limited, Director Managing Director Institutional Sales at SMB Securities (Private) Limited Mr. Dinesh Schaffter counts over 20 years experience and Chief Executive Officer and Director Institutional in the Financial Services and Manufacturing sectors. and Foreign Trades of New World Securities (Private) He currently serves as the Managing Director of Limited. Dunamis Capital PLC and other Dunamis subsidiaries. Mr. Schaffter is an Associate Member of the Chartered

6 I First Capital Holdings PLC Mr. Dimantha Mathew He commenced his career at KPMG in Sri Lanka, where Senior Manager – Research he obtained exposure in audit and assurance services of different industry segments including licensed Contact : +94 77 7345679 | [email protected] commercial banks and other financial institutions. Mr. Dimantha Mathew has over 10 years work He possesses diverse professional experience of more experience with over 8 years in the investment banking than 8 years in accounting, auditing, taxation, finance space in Sri Lanka with extensive exposure in equity and planning. research, portfolio management and restructuring, corporate finance and advisory services. He has Ms. Sewwandi Kathriarachchi experience in sourcing funding for specific projects Senior Manager – Margin Trading and Dealing and corporates. Securities Mr. Mathew holds an MBA from the University of Wales Contact : +94 77 3461734 | [email protected] and also holds ACMA and CGMA qualifications. He has a Bachelor of Law Degree from the University of Ms. Sewwandi Kathriarachchi possesses more than 13 London and is an Attorney – at – Law in Sri Lanka. years of experience in numerous key areas relating to Fixed Income Securities. Prior to joining First Capital, Mr. Mathew was the Head of Research at Softlogic Stockbrokers. He This includes operations relating to Government had also worked at Capital Alliance and John Keells Securities, Asset Management and Unit Trust Stockbrokers. Management, relationship management on high net – worth individuals in Asset Management and Unit Mr. Kosala Liyanagedara Trusts, and overall front office exposure in structuring Senior Manager – Business Development and and placing of Corporate Debt Securities and Money Corporate Planning / Corporate Advisory Market dealing. Contact : +94 77 7230788 | [email protected] Mr. Naveen Samarasekera

Mr. Kosala Liyanagedara is an Associate Member of Manager – Corporate Debt the Institute of Chartered Accountants of Sri Lanka Contact : +94 77 0073684 | [email protected] (CA, Sri Lanka), an Associate Member of the Chartered Institute of Management Accountants of UK (CIMA) Mr. Naveen Samarasekera counts more than 12 years and holds a B.Sc. Accountancy (Hons) Degree of experience in various business areas both overseas (1st Class) from the University of Sri Jayewardenepura and in Sri Lanka. Prior to joining First Capital he and is currently reading for his MBA at the was working as a Business Development Consultant Postgraduate Institute of Management (PIM). engaging in Financial Planning and Advisory Services for Corporates and High Net-worth Individuals. In Mr. Liyanagedara joined the First Capital Group in the last 12 years, he has worked with many Financial September 2009 as Assistant Manager – Finance Institutions, Regulatory bodies and Support Services and Planning. In April 2012, he was promoted to the such as IT & Legal for different projects. Finance Manager of the Group with responsibility for financial reporting and financial planning. In April 2014, Mr. Samarasekera holds a New Zealand Diploma in he assumed the current position, reporting directly to Business from the Auckland University of Technology, the Group CEO, where he is responsible for business New Zealand Diploma in Management from NZIM, a development of all business units and Corporate Bachelor of Commerce Degree from the University of Planning. He works along with the Chief Financial Auckland, New Zealand and is a passed finalist of the Officer to develop and implement the Group Strategic Chartered Institute of Management Accountants UK. Plan and Annual Operating Plan.

First Capital Holdings PLC I 7 Mr. Dilhan Gunatunga Mr. Menaka Wavegedara Manager – New Business Introductions Manager – Kurunegala Branch Contact : +94 77 7377709 | [email protected] Contact : +94 77 3596443 | [email protected]

Mr. Dilhan Gunatunga counts more than 20 years of Mr. Menaka Wavegedara counts over 13 years of experience in the Financial Services industry, spanning experience in managing a significant portfolio of fixed across Leasing, Insurance and Investment Banking. Prior income securities clients in the North Western and North to joining First Capital Group, Mr. Gunatunga worked at Central Provinces. His career in this field commenced at Union Assurance PLC where he was responsible for the Entrust Securities PLC. development and the growth of the broking business over a 10 year period. Mr. Wavegedara holds the “Investment Advisor” license issued by the Securities and Exchange Commission of He also worked at Asian Alliance Insurance PLC at the Sri Lanka. inception of the Company and was a

Credit Officer at Commercial Leasing Company Limited.

Mr. Gunatunga holds a Commercial Pilots License from the Federal Aviation Administration, USA and the Civil Aviation Authority of Sri Lanka.

Mr. Rohana Jayakody Manager – Matara Branch Contact : +94 77 7572279 | [email protected]

Mr. Rohana Jayakody possesses a B.Com (Special) Degree from the University of Sri Jayewardenepura and Diploma in Certificate of Investment Advisory from the Security Exchange Commission of Sri Lanka and has more than 16 years of experience in government securities and corporate debt securities.

He commenced his career at the EPF Department of the Central Bank of Sri Lanka in 1998 as a Project Officer and joined First Capital in 1999 as an Executive. He was later promoted to the post of Manager in 2008.

Mr. Jayakody is currently heading the Matara Branch where he promotes investments in government and corporate debt securities across the Southern Province.

Mr. Salinda Samarakoon Manager – Kandy Branch Contact : +94 77 7590521 | [email protected]

Mr. Salinda Samarakoon has over 12 years of experience in dealing with fixed income securities of which 10 years have been with First Capital.

In managing his diverse customer base, he covers the Central, Uva and Sabaragamuwa provinces.

8 I First Capital Holdings PLC SERVICES • Government Securities

We offer comprehensive investment banking services • Fixed Income Investment Products ranging from capital-raising to M&A. Our investment • Secondary Market Trading of Corporate and and trading solutions in multiple asset classes are well Government Debt received by the discerning investor. We are committed to delivering objective advice and efficient transaction Equities execution to enable our clients realize their strategic Efficient secondary market trading and margin facilitation. interests. First Capital offers equity stockbrokering services, acting Capital Markets and Advisory as a conduit between retail and institutional clients and Capital market strategies and objective advice for the secondary market of the Colombo Stock Exchange. corporate transformation. Our investment advisors strive to facilitate timely and efficient execution, backed by sophisticated trading Our Capital Markets Advisory provides transformational tools. We rely on our research team’s invaluable input equity and debt financing solutions in multiple roles of and our transactional expertise to offer advice on trading financial advisor, manager and placement agent during strategies. We advise and execute strategic trading the transaction. Our capabilities include due diligence, for high-net-worth and institutional investors providing pre-offer preparation, offer management, distribution single, block and negotiated trades. strategy, structuring and after-market advisory services. We offer margin trading facilities to eligible clientsz to We offer expert advice on treasury management to purchase additional shares and access a convenient line assist companies establish liquidity and manage financial of credit. risk. Our advisory capabilities extend to both cash management and investment. Our team can assist both • Stockbrokering private and listed companies to overcome a variety of treasury challenges. • Margin Trading

• Capital Markets Asset Management Differentiated unit trusts and objective wealth • Mergers and Acquisitions management solutions.

• Valuations The featured First Capital Funds are Unit Trusts (also • Restructuring called Mutual Funds), which provide a cost-efficient and practical way to start investing in several types of assets • New Project Development under professional guidance. Recognized for superior risk-adjusted performance and emphasis on portfolio • Treasury Advisory manager’s skills, compliance, accountability and risk Fixed Income management. We focus on specific asset classes in which we have deep insight to deliver real value for our clients. Seamless trading solutions in Government Securities and Corporate Debt. We also offer select investment services and opportunities to individual clients. With our expertise in a comprehensive As the market leader amongst non-bank affiliated range of financial services, market access and insights on primary dealers, we have a strong presence in the investment trends, we provide you with clear guidance local Government Securities arena. We participate in to achieve your goals. Our wealth management advisors Government debt auctions and make markets in Treasury can help individual investors identify issues and explore Bills and Bonds. Our product offering includes distribution opportunities bringing clarity to complexities and assist of and leveraging in Government Securities, in addition you in planning your financial aspirations. to tailored solutions such as allowable derivatives. We ensure our clients receive timely and accurate electronic • Unit Trusts trade execution on the primary and secondary market. Investment decision making is fortified by economic and First Capital Wealth Fund market insight provided by First Capital Research. First Capital Gilt Edged Fund Our dealing desk can provide information on quotations, First Capital Money Market Fund prices, credit ratings, and other data for a wide inventory of investment products. Trading secondary debt is fortified First Capital Equity Fund by sophisticated trading facilities and a team of seasoned investment advisors offering personalized services. • Private Wealth Management

First Capital Holdings PLC I 9 Contact Us If you would like to contact us to discuss your financial requirements, we can be reached at

First Capital Holdings PLC No. 2, Deal Place, Colombo 03, Sri Lanka. Tel No: +94 11 2 639 898, +94 11 2 576 878 Fax No: +94 11 2 639 899, +94 11 2 576 866 Email: [email protected]

Our opening hours are Monday – Friday 08.00am – 05.00pm

Branches Details Matara No. 24, Mezzanine Floor, E. H. Cooray Building, Anagarika Dharmapala Mawatha, Matara. Tel : +94 41 2 222 988 / +94 777 572 279 Fax: +94 41 2 229 778 Email : [email protected]

Kandy No. 213-215, Peradeniya Road, Kandy. Tel : +94 81 2 236 010 / +94 777 590 521 Fax: +94 81 2 236 011 Email : [email protected]

Kurunegala No. 6,1st Floor, Union Assurance Building, Rajapihilla Mawatha, Kurunegala. Tel : +94 37 2 222 930 / +94 773 596 443 Fax: +94 37 2 222 945 Email : [email protected]

Web : www.firstcapital.lk

12 I First Capital Holdings PLC