TIHLP

FY21 Chair’s Report

Tēnā koutou katoa me pēnei te kōrero haere ngā mihi, haere ngā mate, haere whakamua tō tātou iwi o Taranaki tūturu.

Taranaki Iwi Holdings LP (‘Holdings’) is the commercial arm of Te Kāhui. We are led by a separate board and take responsibility for delivering Te Kāhui the income it needs to support Taranaki Iwi’s wider goals.

Fy21 Highlights

• Delivered first home to whānau via Ka Uruora programme. Refurbishing five other houses to follow

• Good performance from local hotel, Ngāmotu Novotel despite Covid-19 impacts and delivered rebranding and cultural education to staff led by the Te Kāhui CEO

• Extended co-investment relationships with other iwi including wider Taranaki whānau such as Te Atiawa, Ngāti Mutunga and Ngāti Maru

• Delivered investment wananga led by the Holdings LP chair Made investment into new commercial housing vehicle with other iwi that can form pārt of a wider housing solutions strategy with Ka Uruora and our own property assets

• Local investment around 10% of portfolio

• Continued successful marae-pā investment programme

• Strong returns from managed funds and from property investments

• Total comprehensive income at TIHLP of $15.4m and net profit at TIFL of $0.2m representing a 15.7% return on book value of equity across the Taranaki Iwi commercial entities

Background

We were formed approximately five years ago to steward Te Kāhui o Taranaki’s settlement pūtea and other commercial rights.

We have a board of three, with one associate director, selected for the overall blend of commercial experience and iwi knowledge. The same board also governs the specialist fisheries assets business, Taranaki Iwi Fisheries Ltd (‘TIFL’).

We take seriously the responsibility of providing for Te Kāhui’s future financial wellbeing and so have developed a strategy that works for us. FY21 has seen further successful development of the strategy.

Our Strategy

We are guided by Te Kāhui’s vision and values:

• Me Tōngai Harakeke

• Kia rongomou, Kia manawanui, Kia aroha ki te tangata, Kia tika, kia pono

Our purpose, as Te Kāhui’s commercial arm, is: to be an outstanding investment company for Taranaki Iwi and a respected economic leader in the Taranaki region.