Company Profile May 2017_Neat

...beyond foresight

Foresight - the ability to predict, or the

action of predicting, what will happen or

what is needed in the future. At Fairway

Holdings, we take it a step further.

Analyzing the present and acting ahead

of time, going beyond and across time to

arrive at our desired future.




Ever considering the best future for

our customers, the industries we enter

and the Country at large, we constantly

push ourselves to be ahead of the times,

setting new standards for everyone to

aspire to...

Our Company











A home grown Sri Lankan corporate, at Fairway The rich legacy of Fairway Holdings in residential
Holdings, we are known for our dynamism and rapid and commercial high rise developments dates back
growth. Continuous innovation and consciously to 2007, when our first residential development “The

raising the bar has been the cornerstone of our Fairway on the Waterfront” was commissioned. This
success. Our visionary approach and steadfast was followed by The Fairmount in 2010 and Fairway
commitment to integrity has not only brought Sky Gardens in 2015. To date we have successfully

uniqueness in what is offered to our customers handed over 300 plus sought after vertical living
but has also won us, their trust. This trust has solutions to its valued customers. This figure is set

transformed into unwavering loyalty over the to climb rapidly in the coming years as our ongoing
years due to the high standards of quality we have projects - the Elements, Fairway Galle, Urban
maintained. Homes Koswatta and Latitude by Fairway draws to

completion in 2017, 2018 and 2019.
“The Fairways” located in Rajagiriya - a rapidly

developing suburb in the Colombo Metropolis is the Extending our business acumen into a plethora
corporate office of Fairway Holdings. This state of of diverse ventures today we boast of interests in
the art high rise office complex houses strategic Leisure, Aviation, Trading, Pharmaceuticals, Bio

management teams of most of our SBU’s. The Technology, Financial Services, and Renewable
combined staff strength at our corporate office and Energy. A key feature of our diversification success
our operational hubs spread across the country has been our ability to attract and sustain some of

presently stands over 600. the best human capital from the relevant industries.

Our Interests/


Accolades


The leardership we provided in real estate

development, has made the Fairway Group a name
synonymous with luxury residences today.



Broadening our horizons we have expanded into
other areas of business interests and investments.
Over the past decade, we have ventured into diverse

industries. Looking into the future, our sights are set
to widening the scope of our business interests in

a progressive and a sustainable manner in keeping
with our ethos.



Over the years, our success has brought much
recognition, especially in the property development

sector. Two of our developments, the Fairway on
the Waterfront and the Fairmount - Urban Oasis,
received the ICTAD Construction Excellence Award

in 2008 and 2010 respectively, reinforcing that our
hands-on approach with each of our projects was
key to creating outstanding developments in the

country.


ICTAD’s annual awards for Construction Excellence

recognizes exceptional performance in the field of
construction, taking into consideration factors such

as professionalism, quality, material, manpower, the
use of innovative technology, intelligent engineering
and many other factors.

Property


Development










The Fairway is a 21-storey luxury apartment complex
comprising 64 units. The project was completed in
November 2007 and received the ICTAD Construction

Excellence Award in 2008.






Completed in 2008, the Ascot Building is a 100,000

sq. ft. state of the art office complex in the CBD of
Colombo especially designed to house BPOs and Call
Centres. Ascot Developments assists its business

partners in their property development ventures and
project management.



A 31-storey luxury apartment complex comprising

112 units located in an idyllic setting within minutes
from the City. Completed in May 2010, the Fairmount

was awarded the ICTAD Construction Excellence
Award 2010.










Fairway BMS provides comprehensive building

management services to the Fairway Group buildings
and other contracted Properties.








Completed in November 2015, Fairway SkyGardens is

the most iconic residential complex to be developed
by the Fairway Group to date complete with a heli-
pad and a roof top ‘Sky Garden’.
Pantone 28256E
C-100 M-100 Y-15 K-20 25% Black
Pantone 80C342
C-55 M-0 Y-100 K-0

The Elements will be 40 stories high with 128 units
equally split with 3 and 4 bedroom apartments
and 2 penthouses. The Elements is designed by

Archt. Mohan Silva of Avant-Garde Urban Design
Partnership and will be constructed by MAGA
Engineering. Construction of the project commenced

in 2014 and is expected to be completed in 2018.

Located at Colombo 5, Latitude by Fairway will
consist of 120 units - with each floor containing 8

apartments (2 and 3 bedrooms), as well as 3 car
park floors. It will also feature a roof top terrace and

an infinity pool. With construction commencing in
early 2017, it is due to be completed in 2019.


This project will have 256 apartments of 2 and 3

bedroom configurations along with a few penthouses.
This project will spear head the company’s entry
into the segment of dynamic achievers looking for

apartments in the urban cityscape of Colombo.








Completed in 2015, this commercial property was
developed in Colombo 02 which consists of six floors
of commercial real estate overlooking the Beira

Lake.




The first project out of Colombo consisting of 240
apartments of 2 and 3 bedroom configurations was
launched in December 2014. This is located in the

world heritage city of Galle in Southern Sri Lanka
and expected to be completed in 2017.

Trading





























The leading interior solutions specialist in Sri Lanka,

Centrepoint supplies kitchen cabinets, wardrobes,
doors and electrical appliances to the local building
industry. A state-of-the-art uPVC fabrication plant

was commissioned in 2013 under Centrepoint
Homes to supply uPVC doors and Windows to both
project and retail markets in Sri Lanka.













The Fairway Holdings group entered the healthcare
sector in 2013 establishing a marketing and
distribution operation of pharmaceuticals,

nutraceuticals, cosmeceuticals, lifestyle products
and devices to the Sri Lankan market.

Aviation


















With the acquisition of a Cessna T206H single engine
turboprop light aircraft, F-airways (Pvt) Ltd -a fully
owned subsidiary of Fairway Holdings, is set to

foray into the domestic air travel market. Plans are
already underway to expand the operations of F-Air

by acquiring additional aircraft. Fairway Holdings
will continue its pioneering efforts to develop other
aspects of domestic aviation in Sri Lanka in order

to make it both affordable and accessible to a
bigger clientele; making the concept of luxury travel
a way of life. With the recent acquisition of a Bell

505 Helicopter, F- Airways also enters the lucrative
domestic travel segment.













At Fairway Aviation Academy (FAA), students have

the opportunity to obtain accredited qualifications
such as Private Pilot License (PPL), Commercial
Pilot License (CPL) and Commercial Pilot License

with Instrument Rating Integrated (CPL/IR) under
the tutelage of Asia’s finest aviators. FAA already

has their third batch of students studying for their
fixed wing license. FAA is the only aviation academy
in Sri Lanka to offer a float rating. FAA is also in the

process of acquiring helicopters to carry out training
for both local and foreign students.

Leisure




















Launched in September 2016, Fairway Colombo
is a chic city hotel situated in Colombo Fort at a

prime location at the heart of the commercial and
business hub of the city near the landmark World

Trade Centre and the Dutch Hospital Complex.
Targeting business clients with modern amenities
and accessibility to commercial enterprise and the

best of city entertainment, the hotel consists of
200 rooms, a high end food court and an exclusive
restaurant.
GO

OUTDOORS









GO
OUTDOORS




This addition to the Group’s Lifestyle sector targets
those passionate on exploring various destinations
in Sri Lanka at their own pace. “Go Outdoors” offers
GO OUTDOORS LANKA (PVT) LTD
motorhomes, caravans, trailers for sale and rent.


The first organization to introduce these products to

the country, the mobile homes on offer come from
top European manufacturers. High quality camping
gear from leading manufacturers is also distributed

by Go outdoors to facilitate the needs of clients.

Financial


Services


















Commencing operations in 2006, Lakderana
Investments is a limited liability company,

incorporated and domiciled in Sri Lanka. The
company carries out the business of granting

facilities, primarily for three-wheelers and used
vehicles on hire purchase basis. At present, the
company operates 28 branches island-wide with 175

employees and over 10,000 customer accounts.


Lakderana Investments, formed by a group of

dynamic young entrepreneurs, was envisioned to
become a “one of kind” home grown Credit House,
providing finance solutions to an identified segment

of society to whom such solutions are hitherto not
available. The Company’s social responsibility is to

lend to these individuals in a sustainable manner,
A key player in the financial services sector in Sri
by generating opportunities, combining services that
Lanka Multi Finance has long been a source of
help people improve not just their livelihoods, but
strength and support providing an extensive range
their lives.
of financial solutions to helping people to grow.

Over its 42 years in operation the company has risen
in stature, retaining the confidence and trust of

thousands of Sri Lankans across the island.

Renewable


Energy and



Biotechnology














Fairway Waste Management Private Ltd was

established to execute socially and environmentally
responsible waste projects in Sri Lanka and the
region.



Bringing together a team of international experts

in waste technologies to work with local experts to
provide long term solutions in waste management,
Fairway Waste Management will facilitate technology

transfer and capacity building in Sri Lanka to provide
sustainable waste management solutions for the
future. Identifying the huge potential of Biotechnology, the
group has acquired cutting edge capabilities through

The company’s inaugural ‘waste to energy’ project some of the best available Human Resources in the
at Karadiyana landfill is the first ever large-scale field. This is backed up by a state of the art laboratory.

waste processing facility in Sri Lanka meeting all We have currently signed the first multi million rupee
international environmental and sustainability contract with a manufacturing enterprise owned by

standards. A public private partnership, it is a part a large blue chip company.
of the Waste Free Clean City concept outlined by the
Waste Management Authority – Western Province,

and the Government of Sri Lanka.

Upcoming


Projects









Aqua Vista, Galle:



Further to the success of our first project in Galle

we plan to launch our second development in this
heritage city – Galle Aqua Vista. The Group has
acquired a 203 perch land in close proximity to the
Nuwara Eliya Boutique Hotel
Galle Fort offering excellent views of the ocean from 3
sides. This, we believe, would make an ideal location
Plans are also underway to launch an exclusive 20
offering our apartment residents spectacular views
room boutique hotel in Nuwara Eliya, close to the
of the ocean and the Southern shoreline.
attractions of this holiday haven where demand is

high - especially during the April season.
The apartments will feature high end finishes and will
offer a sophisticated, contemporary luxury vertical
living experience. The project will consist primarily

of two bedroom and three bedroom apartments with
Lakeside Cottages, Nuwara Eliya:
the possibility of a four bedroom apartment being
created if needed.
Luxury colonial style cottages by the iconic Lake
Gregory in Nuwara Eliya, are offered on sale. There

are 8 individual cottages in the project - all of the
Galle City Hotel:
same traditional design in keeping with the city’s

heritage.
Our 66 room city hotel in Galle offers the perfect

getaway from the hustle and bustle of Colombo.
Conveniently located in close proximity to the Highway
exit it also offers easy access to the attractions of

Galle - the historic sites, as well as the leisure hub of
Unawatuna. Construction has already commenced
and the property will also include 2 restaurants and

a rooftop bar to serve hotel guests as well as tourists
staying in neighbouring establishments.



The hotel will either by managed by the Fairway
Group or we will partner with an internationally

renowned hotel brand to handle the operations.

Mosaic, Colombo 1:


A mixed development in the heart of the commercial

capital in Olcott Mawatha, Mosaic will feature twin
towers - a 200 room hotel on one tower, and a 120
apartment complex on the other.


Mount Lavinia:



A residential complex featuring 120 apartment is at
Fairway Kurunegala:
present planned for construction in Mount Lavinia,

in near proximity to the iconic Mount Lavinia Hotel.
Venturing North, and into the fast expanding
The project will be closely linked to the hotel and
hub of Kurunegala, the construction of a mixed
discussions are currently in progress for the hotel
development is planned in a strategic location in
to provide various shared services to the apartment
the heart of this busy city. The development will
residents.
comprise both commercial and residential aspects
with a 180 apartment complex and retail outlets and

amenities such as supermarkets at lower levels.
Luxury resort, Bentota



Plans to develop a high end luxury resort on the
popular beach destination of Bentota are also

underway. The resort will be built on an extensive 15
acre land of scenic interest.



Our People













With a diverse, talented, and experienced team

of more than 600 employees lead by a competent
management, we are recognized as one of Sri
Lanka’s fastest growing, emerging corporates.



It is the deep commitment and unwavering support

extended to us by the entire team that has propelled
our success so far. As such, we are dedicated
to nurturing our people - helping them to grow

personally and professionally.



Creating an environment that gives them the freedom
and the encouragement to stretch their ambitions to
full potential - a work ethic that ensures success for

all.

The Organisational Chairman


Structure


of Our Company

Deputy Chairman






Group CEO






Board of Directors
Executive/Non Executive











Group Executive
Committee








Internal Audit Group Finance
Marketing





Corporate Human
Affairs Resources




Project Information
Management Technology





MIS/Business
Intelligence (BI)
Group Shared Services

Principal Consultant to the Board
(Non Executive)





GEC consists of SBU Directors/CEOs
and functional Directors







Property
Trading Renewable Energy Aviation Lifestyle Financial Development
Services
and Biotechnology

• Fairhealth • Fairway Waste • F Airways Ltd • Fairway City • Lakderana • Fairway Developments
• Caspian Management • Fairway Hotels Investments • Fairway BMS
Holdings (Pvt) Limited Aviation • Centrepoint Ltd • Fairway Elements
• Fairway Academy Homes • Multi Finance • Fairway Galle
BioTech • Go Outdoors • Fairway Urban Homes
• Fairway • Latitude By Fairway
Biodegradable • Ascot Development
• Fairway City Galle

• Aqua Vista Galle


COMPLETED PROJECTS:
• Fairway On The Waterfront
SBUs • Fairmount Urban Oasis
Fairway Sky Garden
•
• Ascot Building
• Siguwahthiv Windpower Plant
• Vidhathamunai Windpower Plant
• Power Gen Windpower Plant
• BP House Project Office Complex
• Fairway Colombo (City Hotel)

Key Personnel



















HEMAKA DE ALWIS
Group Chairman


Hemaka de Alwis is a businessman with a keen 1994. He was the Legal Consultant of the Board of

appetite for new ventures and a proven track Control for Cricket in Sri Lanka during 1997 - 1999.
record of effectively leading dynamic teams to He is also the author of the Constitution of the Asian
business success. As the founder of the Fairway Cricket Council.
Group of Companies, Hemaka’s primary focus has
been on creating new apartment communities in Hemaka has a passion for arts and culture. Recently
surroundings which are urban, yet possessing great the Fairway Group has become the title sponsor of
natural beauty. the Fairway Galle Literary Festival. He was part of the
initiative which resurrected the festival after its 3 year
In 2002, Hemaka was appointed Chairman and hiatus. Further, the group has initiated the Fairway

Managing Director of the Sri Lanka Export Credit National Literary Award. The best literary work in
Insurance Corporation (SLECIC). During his tenure Sinhala, Tamil and English are given recognition and
(2002-2004), he succeeded in turning around cash prizes. The goal is to promote, recognize and
this loss-making public corporation into a highly reward literary excellence in Sri Lanka. In addition,
profitable one. Hemaka provided legal consultancy he is also a patron of the Chamber Music Society of
services to a wide variety of public sector institutions. Colombo and the Soul Sounds Choir.



He was a Member of the Fair Trade Commission Hemaka is a founder member of the Condominium
and helped draft the legislation for setting up the Development Authority, which is affiliated with the
Consumer Affairs Authority, which succeeded the Ceylon Chamber of Commerce. He also was part
Fair Trading Commission. He is a Founder Member of the consultative committee of the Condominium
of the Consumer Affairs Council, which is the apex Management Authority which was responsible for
body of the Consumer Affairs Authority of Sri Lanka. drafting the new apartment ownership act of Sri
Lanka.
Prior to his entry into the public sector, Hemaka was
a practicing attorney-at-law who specialized in civil/ Furthermore, Hemaka was nominated as one of

commercial litigation and commercial arbitration the top 20 Business People of the Year by the LMD
for a portfolio of local and international clients in the Magazine in 2014.
banking, finance, insurance and other sectors since

KAVINDA DIAS – ABEYESINGHE
Group Deputy Chairman


Kavinda is an Honours Graduate in Law from the University of Hull, England,
a Barrister of the Middle Temple, England and an Attorney-at- Law. He also

holds a Master’s Degree in International Relations from the University of
Colombo. He is a senior counsel with over 20 years of experience in civil
litigation in the original and appellate courts of Sri Lanka and specialises in
Banking and Commercial Law.


Kavinda has been associated with the Fairway Group since its
commencement and in addition to directorships in several Fairway

companies, he is the Chairman of Asoka Glass & Mirror S3 (Private)
Limited, a Fairway joint venture.


He is a member of the Board of Governors of St. Thomas’ College, Mt. Lavinia
and the Manager of St. Thomas’ College, Bandarawela.

IMAL FONSEKA
Group Chief Executive Officer


The Group CEO of Fairway Holdings, Imal has previously been the CEO of
Ceylon Biscuits Ltd and Managing Director of Hemas Manufacturing Sri

Lanka and Hemas Consumer Brands, Bangladesh.


Imal has worked with multi nationals such as JWT, Unilever, Glaxo-
Smithkline, Coca-Cola and Chevron in the Middle East, in South East Asia
and in the Indian sub-continent.


He served on the Boards of the Sri Lanka Insurance Corporation, Sri
Lanka Investment Holdings, Chevron Lubricants (Lanka) PLC and Eureka
Technology Partners.



He was also appointed to the Jury of the Asia-Pacific Effie Awards (2016) and
was subsequently Invited as a Juror for the Global Effies Program as well as
the Middle East North Africa Program.


He is a graduate of the Charted Institute of Marketing (UK) and a Certified
Management Accountant of Australia. He completed his post graduate

education at the Indian School of Business which included terms at The
Kellogg School of Management (Northwestern University), University of
Pennsylvania’s Wharton School and Fundação Dom Cabral (Brazil).

PRASANN LEANAGE
Group Director / Chief Financial Officer


Prasann is a Fellow of the Institute of Chartered Accountants of Sri Lanka
(FCA), a member of the Chartered Institute of Management Accountants

- UK (ACMA), A Corporate Global Management Accountant (CGMA) and a
member of the Chartered Institute of Logistics and Transport - UK (MCILT).


He counts over 25 years of professional experience that includes 5 years
at Ernst & Young, Sri Lanka. He has worked in various business verticals
including : Audit & Consultancy, Manufacturing, Information Technology,
International Logistics and Supply Chain Management, FMCG Distribution,
Property Development, Aviation, Trading, Hospitality and Leisure in very
prominent local, regional and International organizations.



Prasann has had wide exposure in all areas of Finance, General Management,
International Business Development, setting up of overseas offices and Key
Account Management. He brings a wealth of knowledge and experience to
the Exco of the Group. Besides his professional affiliations, Prasann has also
participated in a JASTECA sponsored residential training program in Japan
on entrepreneurship.

SAMINDA JAYASEKARA
Group Director - Legal and Corporate Affairs


A Graduate in Law from the University of Colombo and an Attorney-at-Law,
Saminda has been associated with Fairway Holdings from its inception and

is experienced in Legal, Human Resources Management, Administration,
Logistics, Supply Chain Management and supplier contract administration.


The Chairman of Property Development PLC - a listed subsidiary of Bank
of Ceylon, Saminda is one of the youngest Chairpersons appointed to a
listed company in Sri Lanka. He is also Chairman of Kolakadeniya Hydro
Pvt Ltd and serves in over ten organizations as Director; and is a registered
Company Secretary.



He was Director to the Mahapola Board of Management during 2002-2004,
and prior to that, he worked at L.B. Finance PLC as Head of Real Estate
Loan division.

CHINTHAKA PREMARATNE
Group Director - HR


Chinthaka counts over 18 years of exposure to the field of Human Resources
locally and internationally with a progressive track record, out of which he

has held senior managerial positions over 10 years. He has been involved in
multimillion dollar acquisition, due diligences, corporate restructuring, HR
set up operations & various other organizational development interventions.


Prior to joining The Fairway Group, he was the Head of HRD at Goodhope Asia
(fully owned subsidiary of Carsons Cumberbatch), assisting to set up the HR
function in Sri Lanka, Indonesia, Malaysia & India. Chinthaka was Head of
HR at Dialog Telekom handling the Recruitment, Learning & Development,
Employee Services & HR Strategy for 3 years. Prior to that he was attached

to Lanka Bell, HSBC, Ministry of Commerce and Consumer Affairs. His HR
career started with DHL in Saudi Arabia (KSA) and progressed the career
ladder as the Manager Training & Development for KSA and operated as
their Middle East Regional Trainer.

KITHSIRI ALMEIDA
Director - Projects


An experienced professional in his field of construction. Kithsiri has added
the strength of his vast experience to the Fairway Group since March 2015

as the Head of Project Management. Prior to joining The Fairway Group, he
has worked at Surath Wickramasinghe Associates (SWA), Nela De Zoysa
Design Corporation (Pvt) Ltd, Landaa Giraavaru (Pvt) Ltd, a subsidiary of
HPL Singapore as a Senior Architect, Cowi-Larsen JV – Oman as one of the
Lead Architects, Perigon Lanka (Pvt) Ltd as a Consultant Project Director
and Philip Weeraratne Associates as a Projects Coordinating Architect.


Kithsiri was involved in the creation of many public and private buildings
in Sri Lanka - in design development as well as Project Management.

Kithsiri is a fully qualified Chartered Architect who has been involved in
noteworthy heritage projects where he was also appointed as the Director
(Conservation) for the Abhayagiriya Conservation Project during his tenure
at SWA.

ANUSHA ABEYESINHE
Head of Sales Property Sector


An alumna of the University of Sunderland, UK, Anusha joined Fairway
Holdings from Waters Edge Ltd where she served for ten years as the

Head of Corporate Sales and Administration. She was responsible for the
planning, development and implementation of the property’s marketing,
sales, public relations as well as the marketing communications
strategies. She is widely acknowledged for her role in transforming her
former company from a comparatively unknown entity in 2004 to an
internationally acclaimed lifestyle and leisure property.

Prior to moving onto the Leisure sector, Anusha was involved with the
Airline Industry, handling PR and Marketing for British Airways and as the

Manager - Sri Lanka & Maldives for Japan Airlines.

SANJAYA ADIKARI
Head of Special Projects



Sanjaya is a professional pilot who is in the possession of an Airline
Transport Pilot License issued by the Civil Aviation Authority of
Sri Lanka as well as one from the Federal Aviation Authority of
the United States of America. He has served the Sri Lanka Air
Force for twenty years as a Commissioned Officer and retired
from the service as Wing Commander. During his illustrious
career of twenty years in the Air Force, he has held a number of

Command, Operational and Staff appointments at Squadron and
Headquarters levels. He has 4500 flying hours on Ten different of
aircrafts including fighter jets and passenger transport crafts in
the Air Force.


Sanjaya received training in Command, Intelligence, Operational
and Staff duties in five countries including twice in United States
of America.



Sanjaya joined Fairway Holdings in 2015 and presently is the
COO of F-Airways, Fairway Aviation Academy and Fairway Urban
Homes in addition to his duties as the Head of Special Projects .

DAVESH RAMCHANDANI VIGNESWARA SHARMA SUMUGAN
Manager Value Analysis Senior Financial Analyst



Davesh holds a B.Sc. Economics from the Wharton Since joining Fairway in January 2013 Sumugan has
School at the University of Pennsylvania. He has added his diverse expertise to the team. He holds a
also obtained a qualification in Risk from the CISI BSc. Engineering (Civil) from University of Moratuwa
(Chartered Institute of Securities & Investment). and an MBA from the University of West London. A
Chartered Global Management Accountant (CGMA)
He has previous work experience with companies – By AICPA**, he is a Member of the Chartered
such as HSBC, Dialog and MAS Holdings. His most Institute of Management Accountants (ACMA) and

recent role was at Softlogic Holdings for a period an Associate Member of the Institute of Engineers
of 3 years, where he worked within the Corporate - Sri Lanka.
Planning Department which provided support for
several of the group’s subsidiary companies strategic He has worked at many leading organisations
initiatives and introducing corporate performance including Keells Hotel Management Services (Ltd) in
monitoring tools. His time at Softlogic involved hotel project management, Green initiatives, LEED
working closely with the Retail, Automobile, Leisure and Green Globe Certification; Amba Research/
and Healthcare sectors. Copal Amba as a Financial Analyst handling Equity
research, valuation, financial modelling and

investment proposals, working with investment
banks in the US and Europe as well as Hedge Funds.



Information on



Finance










Explanations for the queries on the Financials


1) Basis of preparations of Financial Statements 2) Completed projects - Property Sector


The company Fairway Holdings was incorporated in Some operational highlights of the Groups first three
2010. However in order to derive the benefits of various completed projects in the property sector shown in
concessions offered by the Board of Investment of the table below:

Sri Lanka (BOI), the investment promotion arm of
the State, each Project undertaken by us has been Project Fairway Fairmount SkyGardens
incorporated as a separate Company . Name
Completion 2007 2010 2014

Companies incorporated under the BOI are eligible Date
for concessions such as Tax Holidays for a period of Floors 21 31 32
up to five years (where such Companies are exempt No. of 64 112 127
from Income Tax), various Import Duty waivers and Revenue 1,314 1,456 4,047
rebates on items brought into the Country etc Given LKR Million

that a typical apartment project is less than 5 years Revenue 11.9 12.9 31.1
and that many of the fittings and material used for USD
construction and finishing are imported there are Million
significant cost benefits that can be derived when
such projects are individually incorporated under
the BOI. 3) Completed projects - Leisure Sector



Given the above, financial statements are prepared In addition to projects in the property sector, the
on the basis of individual projects rather than the group has invested USD 16,000,000 on a hotel project
consolidated group as a whole. However it our the ‘Fairway City Hotel’.
intention to consolidate operations of all projects and
companies i.e. Property, Lifestyle, Leisure, Trading,
Aviation, Finance, Biotechnology, etc., under Fairway
Holdings. We anticipate this to be completed by the
end of the current financial year. A financial forecast
for the consolidated group’s earnings for 3 years is

included in the final section of this document.

4) Ongoing projects - Property Sector


The 4 new projects outlined below were launched
with the intention satisfying the needs of different

segments here through not targeted by us i.e. the
super luxury segment with ‘Elements’ and Latitude
by Fairway, and the Mid segment with ‘Urban Homes
Koswatta and Galle.


The market response to these offers has been very
encouraging “Off the Plan” sales have exceeded our

expectations.


Project Name Elements Fairway Galle Urban Homes Latitude
Koswatte By Fairway



Expected Completion 2018 2017 2018 2019





Floors 40 12 (2 towers) 20 20




No. of Apartments 128 (Super Luxury 240 256 120
Apartments)

5) Projected consolidated Income Statements


As mentioned previously, the consolidation of the
group’s operations in various business lines (i.e.

Property, Lifestyle, Leisure, Trading, Aviation,
Finance, Biotechnology, etc.) set to be completed
within this financial year.


The projected consolidated Income Statement for
the period 2016 - 2019 is as follows.







FY 2016/17 FY 2017/18 FY 2018/19
Revenues 9,614,983,476 11,276,778,126 12,745,936,974
Less: VAT (896,318,502) (1,068,875,663) (1,262,426,048)
Total revenues 8,718,664,973 10,207,902,463 11,483,510,926
Cost of sales (6,000,505,898) (6,918,611,423) (7,674,940,425)
Gross profit 2,718,159,075 3,289,291,040 3,808,570,501
Gross profit margin (%) 31.2% 32.2% 33.2%
Administration costs (398,413,316) (426,496,766) (425,880,581)
Marketing costs (241,908,534) (288,118,407) (339,669,475)

Other overheads (78,859,206) (90,766,837) (103,499,734)
Finance costs (256,535,643) (275,523,070) (272,288,122)
Net profit 1,742,442,375 2,208,385,959 2,667,232,586
Net profit margin (%) 20.0% 21.6% 23.2%






We expect the bulk of the revenue in 2016/2017

to come from the 3 projects Elements, Koswatta
and Galle. We have also factored in the additional
revenue that would be generated by Fairway City
Hotel following its launch in June 2016. It is our
view that Fairway Holdings will continue to grow its
revenue at a CAGR of 15% during the next 3 years.


We expect to achieve a gross profit margin of 32%
and an average net profit margin of 21.6% during

this period, taking into consideration the strength
of our property, leisure and finance sector project
pipelines.



Our Corporate


Structure










Fairway Condominiums (Pvt) Ltd
The Fairmount – Urban Oasis
Fairway Residencies (Pvt) Ltd
The Fairway on the Waterfront Fairway BMS (Pvt) Ltd
Building Management Services
RESIDENTIAL DEVELOPMENT Fairway Developments (Pvt) Ltd
Various Development Projects
Holding Company Fairway Elements (Pvt) Limited
Elements by Fairway
Fairway SkyHomes (Pvt) Limited
Fairway SkyGardens Fairway Urban Homes (Pvt) Ltd
Fairway Koswatte
Fairway Galle (Pvt) Limited
Fairway Galle Fairway Latitude (Pvt) Ltd
Latitude by Fairway

COMMERCIAL PROPERTY
Associate Companies Ascot Developments (Pvt) Ltd BP House
Scouts Headquarters Building
Developers of the Ascot Building


Lakderana Investments Limited Multi Finance PLC
FINANCIAL SERVICES Hire Purchase Financing Financial Solutions



LIFESTYLE Fairway City Hotel (Pvt) Ltd Go Outdoors Lanka (Pvt) Ltd
Tourism/Business Travel Outdoor/Adventure




AVIATION F-Airways Limited Fairway Aviation Academy
Domestic Airline Aviation Training School






TRADING Centrepoint Homes (Pvt) Ltd
Kitchens, Wardrobes, Doors & uPVC

Fairhealth (Pvt) Limited
Pharmaceuticals





Fairway Waste Management (Pvt)
RENEWABLE ENERGY Limited
and BIOTECHNOLOGY Waste to Energy Solutions


Fairway Biotech (Pvt) Limited
Biotechnology

The Transformation


of Our Company















WHAT WE ARE TODAY:


We now record now record a turnover of Rs. 5.2
Billion with a fully fledged management team

/ Board of Directors. We concurrently run 3
apartment projects, 2 hotel projects and 5 business
venture projects. Today, the Group employs 619 blue

and white collar staff, out of which a composition
of 75% white collar and only 25% blue collar staff.

We have now built a 55,000 sqft state-of-theart
corporate office in Sri Jayawardenapura. Project
Size: 6 (hotels and apartments) running projects

worth of Rs.18.3 Billion










WHAT WE WERE:


A growing company under the visionary

leadership of our Chairman with a Rs. 55
Million turnover. Due to market and financial
constraints we could undertake only one

project at a time. We started with 4 employees
- including the Chairman, and the Company
operated from a 300 Sqft office space in

Rajagiriya. Project Size: Rs. 700 Million

OUR FUTURE:


Current restructure aims for a Corporate Governance

framework and the establishment of a Corporate
Organisational structure with the introduction of triple bottom

line sustainability. We are attracting Directors, CXOs, CEOs,
GCEO level profiles from the top tier talent in Sri Lanka
with local and overseas exposure. Business segmentation

and introduction of critical functions, i.e. MIS, Business
Intelligence is in place. Investments are made in talent

management and employee engagement, with delegation of
authority and span of control. JVs with international brands
and business partners are also in progress.

Our Journey


























Number of projects: 11
Business entity: 14
April People: 562
2016 Land extent: 25 acres
Office space: 75,000 sq.ft.
Project cost: 23.6 billion

Number of projects: 8
Business entity: 12
People: 510 2015
Land extent: 20.5 acres
Office space: 45,000 sq.ft.
Project cost: 18.4 billion


Number of projects: 6
Business entity: 9
2014 People: 400
Land extent: 15 acres
Office space: 39,000 sq.ft.
Project cost: 11.4 billion

Number of projects: 3
Business entity: 8
People: 185
Land extent: 20 acres 2012
Office space: 15,000 sq.ft.
Project cost: 5.5 billion

Number of projects: 2
Business entity: 2
People: 27
2008 Land extent: 2 acres
Office space: 2,200 sq.ft.
Project cost: 2.1 billion
Number of projects: 1
People: 2
Land extent: 100 perches
Office space: 300 sq.ft.
Project cost: 700 million 2004

ONGOING PROJECTS: PLANNED PROJECTS:




Elements Aquavista

Land Ext: 1.5 Acres Land Ext: 1.5 Acres

Project Cost: 3.9 Billion Project Cost: 4.5 Billion



Urban Homes - Koswatta Fairway City Hotel Galle

Land Ext: 1.5 Acres Land Ext: 0.5 Acres
Project Cost: 4 Billion Project Cost: 600 Million



Fairway Galle Darley Road

Land Ext: 3.5 Acres Land Ext: 1.25 Acres

Project Cost: 3.4 Billion Project Cost: 5.5 Billion



Latitude By Fairway Bio Fertilizer

Land Ext: 120 Perch Land Ext: 2 Acres
Project Cost: 3.5 Billion Project Cost: 500 Million

Our Senior


Management

CHAIRMAN
Hemaka de Alwis
















Deputy Chairman
Kavinda Dias
Abeyesinghe














Group CEO
Imal Fonseka















Group Director / CFO Group Director Group Director HR
Prasann Leanage Corporate Affairs Chinthaka Premaratne
Saminda Jayasekera
















Director - Projects Head of Sales - Property Head of Special Projects
Kithsiri Almeida Anusha Abeyesinhe Sanjaya Adikari

The Employee FAIRWAY HOLDINGS


Demographics


Workers
Managers
of Our Company 26 20% 64 50% 37 30%
Executives





Total Staff: 127 Average Age: 27 yrs








CENTREPOINT HOMES FAIRWAY AVIATION ACADEMY




Managers Executives Workers Managers Executives Workers
3 8% 19 50% 16 42% 2 10% 9 45% 9 45%





Total Staff: 38 Average Age: 31 yrs Total Staff: 20 Average Age: 39 yrs









ASOKA GLASS FAIRHEALTH




Managers Executives Workers Managers Executives Workers
7 5% 61 45% 67 50% 3 11% 23 85% 1 4%





Total Staff: 135 Average Age: 37 yrs Total Staff: 27 Average Age: 36 yrs










FAIRWAY CITY HOTEL GO OUTDOORS



Managers Executives Workers Managers Executives Workers
1 2% 20 45% 23 53% 0 0% 6 100% 0 0%




Total Staff: 44 Average Age: 34 yrs Total Staff: 6 Average Age: 38 yrs

GROUP STAFF STRENGTH





Managers Executives Workers
66 11% 384 62% 169 27%






Total Staff: 619 Average Age: 33 yrs








FAIRWAY BIOTECH F-AIR




Managers Executives Workers Managers Executives Workers
2 40% 3 60% 0 0% 1 50% 1 50% 0 0%





Total Staff: 5 Average Age: 28 yrs Total Staff: 2 Average Age: 38 yrs









MYTHISIS BUILDING MANAGEMENT SERVICES




Managers Executives Workers Managers Executives Workers
1 33% 2 67% 0 0% 0 0% 4 31% 9 69%





Total Staff: 3 Average Age: 25 yrs Total Staff: 13 Average Age: 40 yrs










LAKDERANA



Managers Executives Workers
19 30% 172 66% 7 4%




Total Staff: 198 Average Age: 27 yrs

Company


Information












Board Of Directors: Corporate information:



Mr. Hemaka de Alwis Company :
Chairman / Managing Director Fairway Holdings (Pvt) Limited



Mr. Kavinda Dias-Abeyesinghe Registered Office :
Deputy Chairman The Fairways, 100 Buthgamuwa Road,
Rajagiriya

Mr. Imal Fonseka
Director / Chief Executive Officer Telephone : +94 117 586 586


Company Registration Number :
Mr. Prasann Leanage PV 75925 (under the Companies Act
Director / Chief Financial Officer No. 07 of 2007)



Mr Saminda Jayasekara Company Secretary :
Director - Legal & Corporate Affairs Nexia Corporate Consultants (Pvt) Ltd



Mr. Chinthaka Premaratne Reporting Accountants / Auditors :

Director - HR B. R. de Silva & Company



Lawyers of the Company :
Paul Ratnayeke Associates



Bankers of the Company :
Hatton National Bank PLC
Union Bank PLC
NDB Bank PLC



www.fairwayholdings.com