Nahl Group Plc · LSE:NAH
Nahl — H1 2015 Earnings Presentation
15 slides from Nahl's earnings presentation, Sep 23, 2015
Slide 1: NAHL Group plc Interim Results Presentation
www.nahlgrouplc.co.uk NAHL Group plc Interim Results Presentation 23rd September 2015
Slide 2: 2015 H1 Highlights – A Strong First Half
2015 H1 Highlights – A Strong First Half 1 • Continued revenue growth – up 15.0% t o £25.4m (2014 H1: £22.1m) • Strong performance from Fitzalan acquisition - contributing £1.5m of total Group revenue (H1 2014: £nil) • Operating profit - £6.5m up 21.1% (2014 H1: £5.4m) • Enquiry growth up 9.4% in
Slide 3: Enquiries – Growth From New Sources
Enquiries – Growth From New Sources 2 Enquiries Six months Six months to Twelve months Enquiries % change to 30 June 30 June to 31 Dec • Enquiry growth up 9.4% 2015 2014 2014 • 76% of enquiries derived from higher margin non-RTA RTA 5.9% 11,019 10,408 20,114 Non-RTA 5.7% 23,396 22,124 44,544 and m
Slide 4: Continued Profit Growth
Continued Profit Growth 3 Income Statement Group Revenue Six months 25.4 Six months to Twelve months to 30 £’000 % change to 30 June 20.8 22.1 21.7 30 June 2014 31 Dec 2014 18.9 1.5 2015 -‐ -‐ 20 -‐ -‐ Revenue 18.3 19.4 19.0 21.5 10 16.1 Solicitor Income 10.5% 21,467 19,425 38,445 0 2.5 2.8 2.7
Slide 5: Robust Balance Sheet & Excellent Cash Conversion
Robust Balance Sheet & Excellent Cash Conversion 4 Six months Six months Twelve months Six months Six months Twelve months £’000 to 30 June to 30 June to 31 Dec £’000 to 30 June to 30 June to 31 Dec 2015 2014 2014 2015 2014 2014 Underlying operating Total fixed assets 44,315 40,165 40,083 7,030 6,05
Slide 6: Panel Law Firms – Evolving Customer Base
Panel Law Firms – Evolving Customer Base 5 • Law firms adapting to maturing post LASPO marketplace • Currently work with 42 PI PLFs and a further 14 s pecialist PLFs • Continued investment in information and s upport designed to improve c ase c onversion s o that effective c ost per running case is
Slide 7: Products & Services
Products & Services 6 • Introduction of Medco impacted product revenue in H1 • New ATE product launched during first half with initial response v ery encouraging • Opportunity t o increase v olume and s ell t o associate panel • Continuing product revenues expected to return to growth in 2016 driven
Slide 8: Fitzalan Partners – An Impressive Start
Fitzalan Partners – An Impressive Start 7 • Strong performance s ince acquisition;; ahead of management plan delivering 21.4% operating margin on revenue of £1.5m • Investment in people, brand & infrastructure with new leadership team in place • Programme of development underway to improve end to en
Slide 9: Growth Strategy – Significant Opportunities
Growth Strategy – Significant Opportunities 8 Ø Continue to target controlled growth in NAH Market share development Ø Grow market share in Conveyancing sector through infrastructure investment and broadening our proposition Ø New partnering relationships with significant PLFs continue to drive i
Slide 10: Summary & Outlook
Summary & Outlook 9 • Strong financial performance, in line with market expectations • Robust NAH operational performance: s ustained enquiry growth & market s hare gains • Impressive s tart from Fitzalan Partners • Market leading position & f ragmented legal s ervices market present opportunities t
Slide 11: Questions
www.nahlgrouplc.co.uk Questions
Slide 12: Appendices
www.nahlgrouplc.co.uk Appendices
Slide 13: NAHL at a glance
NAHL at a glance 12 Twelve month share price Industry data & sector Current index FTSE AIM All-Share Sector Media Market capitalisation £141.76m 300 Shares in issue 41.15m Free float 38.35m Last Price Share Price Year High 362.00p Share Price Year Low 191.00p Total 2014 Dividend 15.7p 150 Interim 2
Slide 14: Dividend and EPS
Dividend and EPS 13 Dividend EPS Six months Twelve months 2015 Interim 2014 Interim 2014 Final 2014 total Six months to £’000 to 30 June to 31 Dec dividend dividend dividend dividend 30 June 2014 2015 2014 Revenue Dividend per share 6.25 5.0 10.7 15.7 Continuing Basic EPS (p) 12.5 10.9 23.0 Total di
Slide 15: The UK PI litigation market and how we operate
The UK PI litigation market and how we operate 14 The PI market is large and fragmented with approximately one million c laims per annum. Claims are divided into four s egments: • Road Traffic Accident (RTA) • Non-Road Traffic Accident (non-RTA) • Medical negligence • Specialist Whilst over three