Af Legal Group Limited · ASX:AFL

Af Legal — H1 FY24 Earnings Presentation

13 slides from Af Legal's earnings presentation, Feb 29, 2024

  1. Slide 1: H1 FY24 Results

    H1 FY24 Results Investor Presentation 29 February 2024

  2. Slide 2: Profitable and stable period

    Profitable and stable period

  3. Slide 3: H1 FY24 Highlights

    H1 FY24 Highlights  H1 Revenues (excl. disbursements) saw growth of 21% on H1 FY23 and 6.5% on H2 FY24  AF Legal Group Limited (AFL Group) delivered back-to-back financial halves of profitable NPBT attributable to the owners of AFL of $510k for H1 FY24 and $622k for H2 FY23. This followed two halv

  4. Slide 4: Financial Results H1 FY24

    AIF LEGAL Financial Results H1 FY24

  5. Slide 5: Another profitable half

    Another profitable half  Headline NPAT attributable to the owners of the AF Group for H1 FY24 was a profit of $564k, up from $8.343 million loss in the previous corresponding period (pcp), key contributors:  Revenue of $10.7 million up by $1.9 million (21%) compared to pcp  Total Expenses of $9.7

  6. Slide 6: Another profitable half

    Another profitable half  H1 FY24 profit mostly driven by strong organic revenue growth, $1.9 million (21%) to pcp, with strong performances by:  Long standing brands: Watts McCray, AFL Withnalls  Newer practices: AFL Gold Coast and , AFL Wollongong  Combined Australian Family Lawyers offices wer

  7. Slide 7: Another profitable half

    Another profitable half Stabilisation Need for further Financial hygiene secured growth to gain scale secured

  8. Slide 8: Clean and robust Balance Sheet

    Clean and robust Balance Sheet  Despite Total assets reducing by $1.2 million during H1 FY24, net assets of $7.9 million increased by $0.9 million compared to 30 June 2023 at $7.0 million, main movements included:  $1 million reduction in deferred consideration earn out payments  $0.6 million red

  9. Slide 9: Cash Flow strengthening

    Cash Flow strengthening  The operating cash flow for the half year period was an inflow of $2.185 million (H1 2023: inflow of $36k):  Adjusting for the impact of the repayment of lease liabilities (now in “Cash Flows from Financing Activities” under AASB16) this would represent a net cash inflow o

  10. Slide 10: Focus and Outlook FY24

    AIF LEGAL Focus and Outlook FY24

  11. Slide 11: Focus and Outlook

    Focus and Outlook People-first culture New Client Activity Profitability Proven growth model  Focus on onboarding, professional  Follow up on the successful 2023  Return to meaningful profit levels  Expand into new regions and development, continual education, launch of our “Australian in FY24 c

  12. Slide 12: Focus and Outlook

    Focus and Outlook 1. Identify 1. Scale up local new revenue & office leverage locations cost base 2. 6. Managing Marketing Talent Strategy Project Organic 4. Finance facility Inorganic 2. Scale quickly but Growth ready Growth profitably 5. Use of modern 3. Junior technology Lawyer for cost Project s

  13. Slide 13: Thank You

    Thank You Watts McC

AF Legal Group — H1 FY24 Earnings Presentation on 6ix