Northern Bear Plc · LSE:NTBR
Northern Bear — H1 FY25 Earnings Presentation
16 slides from Northern Bear's earnings presentation, December 2024
Slide 1: Interim results December 2024
Northern Bear plc Interim results December 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document Please note that any indication of past This Presentation is governed by and shall be All opinions expressed in this presentation are (“Presentation”) is directed at (i) members or performance should not be relied upon as a construed according to
Slide 3: Contents
Northern Bear Plc 1. Interim results – key points 2. Overview of Group divisions 3. Financial overview Contents 4. Future growth opportunities 5. Business case
Slide 4: Interim results to September 2024 – key points
Interim results to 30 September 2024 – key points Financial Summary and Outlook • Revenue of £37.6m (H1 FY24: £36.9m). • Improved gross margin at 23.8% (H1 FY24: 22.2%). • Operating profit of £1.7m (H1 FY24: £1.8m) following significant investment in operations. • Trading in line with market expecta
Slide 5: Who we are
Roofing Northern Bear Plc Springs Roofing Ltd Who we are Materials Handling Northern Bear plc is an AIM quoted specialist building services provider serving the support services sector. The Group comprises ten businesses in Northern England covering roofing, materials handling, and specialist buildin
Slide 6: Our markets and divisions – overview and FY24 results
Our markets and divisions – overview and FY24 results Roofing Building Services Materials Handling Fire Stopping Key information Key information Key information Key information Employees 167 Employees 135 Employees 21 Employees 79 Revenue £32.4 million Revenue £25.0 million Revenue £3.8 million Reve
Slide 7: Northern Bear Roofing - overview
Northern Bear Roofing - overview • We are the largest roofing installation group in the north of England. • Services include slating, tiling, felting, leadwork, repairs and maintenance. • Key blue-chip customers include local authorities, housing associations, and national housebuilders. • The balan
Slide 8: Northern Bear Building Services - overview
Northern Bear Building Services - overview • We provide a range of specialist contracting and building services via five separate businesses in our Building Services segment. • MGM is a traditional building fast-track main contractor focusing on the historic build and maintenance frameworks for publ
Slide 9: Materials Handling - Alcor Handling Solutions - overview
Materials Handling - Alcor Handling Solutions - overview • Alcor is one of the largest independent Mitsubishi dealers in the country with comprehensive sales, hire, maintenance and repair options for customers throughout the North East and in Cumbria, along with specialist handling, cleaning and acc
Slide 10: Fire Stopping - Isoler - overview
Fire Stopping - Isoler - overview • Isoler is a passive fire solutions specialist, offering a range of fire stopping services to both public and private sector clients. Services also include inspection, waking watch services, and safety consultancy and compliance surveys. • Isoler has seen significa
Slide 11: Financial Overview – Income statement
Financial Overview Income statement Income statement 6m 6m 12m Key points to note: Financial year-end 31st March Sep-24 Sep-23 Mar-24 £m £m £m - Revenue and profits ahead of management expectations in the Period Revenue 37.6 36.9 68.7 - Improved gross margins through Gross profit 8.9 8.2 15.9 growth
Slide 12: Financial Overview – Balance sheet
Financial Overview Balance sheet Balance sheet summary Key points to note are: Financial year-end 31st March Sep-24 Sep-23 Mar-24 £m £m £m - PPE is mostly motor vehicles and the materials handling fleet. Property, plant and equipment 5.9 5.2 5.5 Intangibles and lease assets 16.7 17.0 16.8 - Intangib
Slide 13: Financial Overview – Cash flow statements
Financial Overview Cash flow statements Cash flow summary 6m 6m 12m Key points to note are: Financial year-end 31st March Sep-24 Sep-23 Mar-24 £m £m £m - Cash flow can be volatile on a month- to-month and annual basis, depending Net cash flow from operations 2.2 (1.3) 1.1 on the mix of work and rela
Slide 14: Future growth opportunities
Future growth opportunities: • Regulatory-driven growth: market growth opportunities e.g Isoler providing building integrity solutions, low capital intensity. • Investment-led growth: investing in people and premises to support expansion, e.g. Callisto Glass Facades as new division within MGM. • Dec
Slide 15: Future growth opportunities (continued)
Future growth opportunities (continued): • Materials handling: further expansion of plant hire fleet supported by long-term customer leases, residual asset values, and flexible funding. • Geographic expansion: replicating existing business models in adjacent geographical areas. • M&A: acquisition of
Slide 16: Business Case Summary
Business Case Summary: • Established: Specialist building services companies with well-established business models and market positions in the North of England, supporting social housing, construction and infrastructure. • Resilient: Our companies have traded profitably through COVID-19 disruption,