Christie Group Plc · LSE:CTG
Christie — FY2024 Earnings Presentation
18 slides from Christie's earnings presentation, Apr 25, 2025
Slide 1: 2024 FY Results Presentation
2024 FY RESULTS PRESENTATION A leader in the provision of professional and financial services to the hospitality, leisure, healthcare, medical, childcare and education and retail sectors, operating in the UK and Europe. We aim to be the recognized knowledge leader and pre-eminent advisor in our sect
Slide 2: Introductions
INTRODUCTIONS Dan Prickett – Chief Executive Officer Simon Hawkins – Chief Financial Officer Dan joined Christie Group in December 2007 after previously having worked at Grant Simon is responsible for financial and company accounting matters. Thornton, MacIntyre Hudson and Inchcape Retail. Having be
Slide 3: About Us
ABOUT US A leader in the provision of professional and financial services to the hospitality, leisure, healthcare, medical, childcare and education and retail sectors ‘We exist to help our clients buy, operate, develop and sell their businesses.’ • Brokering the sale & purchase of businesses • Busin
Slide 4: Our Services & Strategy
OUR SERVICES & STRATEGY • We do volume. We consistently broker the sale of over 1,000 businesses a year and continue to identify opportunities for expanding this • We also valued over 4,800 businesses in the year, worth over £8.8bn. Pre-pandemic we valued over 6,000 and are focused on returning to t
Slide 5: Our Goals & Aspirations
OUR GOALS & ASPIRATIONS • Continued growth of our UK M&A volumes through expansion of existing market • Attraction and retention of people is key. We have a strong record of long- share and pursuit of new sector opportunities term service and retention across our Group reflecting a positive, rewardi
Slide 6: Headlines – 2024 FY
HEADLINES – 2024 FY • Revenues on a continuing basis up by 15.4% to £60.4m (2023: £52.3m) • Operating profit before non-recurring costs of £2.0m (2023: £0.3m) • H2 operating profit from continuing operations of £2.4m v H1 loss of £0.4m • H2 operating profit margin of 7.4% • Disposed of loss-making O
Slide 7: PFS Division – 2024 Review (1 of 2)
PFS DIVISION – 2024 REVIEW (1 OF 2) • PFS revenues grew by 15.5% to £48.8m (2023: £42.2m) • Operating profit increased to £2.5m (2023: £1.1m) • Transactional volume in our agency and advisory business, Christie & Co, increased by 39% year on year with 1,187 completions across the UK and Europe (2023
Slide 8: PFS Division – 2024 Review (2 of 2)
PFS DIVISION – 2024 REVIEW (2 OF 2) • More challenging year for valuation activity, valuing 4,872 businesses (2023: 5,291) worth over £8.8bn (2023: £9.4bn) across Christie & Co and Pinders • We valued over 6,000 businesses prior to the pandemic • Larger portfolio revaluations for non-transactional p
Slide 9: SISS Division – 2024 Review
SISS DIVISION – 2024 REVIEW • SISS revenues grew by 14.7% to £11.6m (2023: £10.1m), on a continuing • After a slower first half, Vennersys, our visitor attraction ticketing software basis business, saw a much improved H2 • Operating losses reduced to £0.5m (2023: £0.8m) on a continuing basis • 20 cl
Slide 10: 2024 1st HY v 2nd HY Comparison Continuing Basis
2024 1ST HY V 2ND HY COMPARISON CONTINUING BASIS Var HY2 v HY1 HY2 Total HY1 2023 FY £'000 £'000 £'000 £'000 £'000 Revenue 28,106 32,280 60,386 4,174 52,340 Operating result pre non-recurring costs (395) 2,394 1,999 2,789 336 Operating margin % (1.4%) 7.4% 3.3% 8.8% 0.6% • Revenue up by £8.0m (15.4%
Slide 11: Revenues 2023–2024 – 15% Increase in Revenue in the Year
REVENUES 2023 – 2024 – 15% INCREASE IN REVENUE IN THE YEAR 70,000 • Total revenues increased 60,000 by £8.0m (15.4%) 11,589 compared to the prior year 50,000 10,105 • Both divisions delivered Revenue £'000 40,000 meaningful increases as 30,000 follows: 48,797 20,000 42,235 PFS £6.6m - 15.5% 10,000 S
Slide 12: Net Cash – A Healthy Position
NET CASH – A HEALTHY POSITION 8,000 • Net funds at 31 December were £4.9m – an improvement of 7,000 £4.3m compared to the PY 6,000 • All existing banking facilities Net cash/ (debt) £'000 5,000 maintained 4,000 • Net overdraft facility of £4.5m 3,000 renewed after the year end 2,000 • No group borro
Slide 13: 2025 Outlook
2025 OUTLOOK • We began 2025 with our transactional pipelines in the UK 9% higher than a year earlier • We have sold over 1,000 businesses in 3 of the last 4 years and our pipelines bode well for our ability to repeat this multi-sector M&A volume in 2025 • We retain some caution in light of UK tax i
Slide 14: Appendices
APPENDICES
Slide 15: Appendix 1 - The Board
APPENDIX 1 - THE BOARD Simon Herrick– Independent Non-executive Chairman Simon is Independent Non-Executive Chairman. He also currently chairs the Audit Committee and is also a member of the Nomination and Remuneration Committees. Simon has over 30 years’ experience in senior finance roles in multin
Slide 16: Appendix 2 - Major Shareholders
APPENDIX 2 - MAJOR SHAREHOLDERS Issued share capital 26,526,729 ordinary 2p shares Major shareholders Philip Gwyn 27.93% Mr J P Rugg 6.00% Lord Lee of Trafford 6.15% Mrs T C Rugg 4.76% Hwfa Gwyn 3.87% Katherine Gwyn 3.87% Anna Ross 3.87% Christina Bretten 3.85% Andrew Muir 3.10% Shares not in public
Slide 17: Appendix 3 - Our Businesses
APPENDIX 3 - OUR BUSINESSES Complementary specialist services classified into two divisions Professional & Financial Services Stock & Inventory Systems & Services Christie & Co is the leading specialist firm providing business intelligence in the Venners is the leading supplier of stocktaking, inven
Slide 18: Appendix 4 - Our Areas of Expertise
APPENDIX 4 - OUR AREAS OF EXPERTISE We focus on a section of areas covering a wide range of property-based businesses in Hospitality, Leisure, Healthcare, Retail, Medical and Childcare & Education sectors Retail Medical Childcare & Hotels Public Houses Restaurants Leisure Healthcare Education • Luxu