Integrafin Holdings Plc · LSE:IHP
Integrafin — HY25 Earnings Presentation
23 slides from Integrafin's earnings presentation, May 21, 2025
Slide 1: Interim Results Presentation
Interim Results Presentation Six months ended 31 March 2025 Focused delivery of Group strategy drives strong inflows and continued growth
Slide 2: Agenda
Agenda 1. Group HY25 highlights 2. Financial update 3. Business update 4. Summary Alex Scott – Chief Executive Officer Euan Marshall - Chief Financial Officer 5. Q&A
Slide 3: Group HY25 highlights
Group HY25 highlights Strong net inflows supported Highest Platform Net Sustained growth in key Record average daily FUD by digitalisation upgrades Promotor Score in 2025 financial metrics Transact ranked first in the 2025 Growing underlying PBT of Net inflows of £2.1bn, up 91% Average daily FUD at
Slide 4: Established business model delivering growth
Established business model delivering growth Leveraging leading customer service, proprietary technology, and scalable operations to drive growth HY25 results Invest in the Generate cash and Deliver on dividend Drive growth business and grow maintain a strong balance policy earnings sheet • Further
Slide 5: Financial update
=: IntegraFin Financial update
Slide 6: Group Financial KPIs HY25
Group Financial KPIs HY25 Average daily Funds Under Direction (£bn) Group revenue (£m) 12% CAGR HY20-25 7% CAGR HY20-25 +10% 77.2 +16% 66.3 74.5 H1 YoY 62.2 H1 YoY 57.0 70.4 53.0 52.1 52.6 54.6 68.4 67.0 66.6 66.5 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 H1 H2 H1 H2 Underlying earnings per share and
Slide 7: Growing Transact revenue
Growing Transact revenue HY25 Total Platform +10% Revenue: £74.7m HY24 Total Platform Revenue: £68.0m Transact Platform revenue growth for HY25 reflects: 0.7 0.7 6.7 • Growth in average daily FUD +6% • Strong net inflows 6.3 Including the effects of: Transact (£m) • Reduced charges to non-advised cl
Slide 8: Effective cost management in line with unchanged guidance
Effective cost management in line with unchanged guidance HY25 Total Underlying Administrative Expenses (£m) Average headcount HY25: 672 Average headcount HY24: 663 £m +0.8 £44.7m +2.9 £41.0m 12.9 12.1 31.8 28.9 HY24 Total Underlying Administrative Personnel costs Non-personnel costs HY25 Total Unde
Slide 9: Growing platform revenue supports investment in price
Growing platform revenue supports investment in price Platform revenue (£m), and platform revenue yield (bps) £80 35 bps £ millions 30.2 £70 29.0 28.1 30 26.4 £60 24.6 24.4 23.9 25 22.5 £50 20 £40 £74.7 £68.0 15 £65.3 £64.1 £30 £58.6 £53.8 £47.6 10 £44.6 £20 5 £10 £0 0 HY18 HY19 HY20 HY21 HY22 HY23
Slide 10: Robust Group liquidity position and dividend delivery
Robust Group liquidity position and dividend delivery Group liquidity position (£m) As at 31.03.25 Dividend FY23 FY24 FY25 Total Group consolidated cash and UK gilts* 245.8 Per share Less: Group cash and UK gilts held for regulatory Ordinary – first (125.1) 3.2 pence 3.2 pence 3.3 pence and operatio
Slide 11: Financial guidance
Financial guidance FY25 • Global equity market volatility in April 2025 adversely impacted Transact FUD resulting in average daily FUD for April of £64.4bn. FUD as at 30 April 2025 was £65.8bn; alongside the ongoing recovery in global equity indices, FUD has continued to improve as May has progresse
Slide 12: Business update
=: IntegraFin Business update
Slide 13: Advancing the Group strategy in HY25
Advancing the Group strategy in HY25 Maintaining a strong focus on platform digital development and service standards • Digital portfolio applications- 90% now opened using guided applications by client/adviser (increased from c.30% in FY21) Platform digitalisation • Digital applications significant
Slide 14: Strong net inflows during HY25
Strong net inflows during HY25 Gross and net inflows to the Transact Platform (£bn) 3 2.5 2.7 2.4 2.3 2 2.2 2.0 1.8 1.5 1.7 1.6 1.5 1.5 1 1.2 0.9 0.9 0.8 0.8 0.5 0.7 0.7 0.6 0.4 0.3 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY23 FY24 FY25 Gross Net Net inflows as % opening FUD annualised Strong net inflow gro
Slide 15: Award-winning platform driving growth in clients and FUD
Award-winning platform driving growth in clients and FUD Delivering market leading service Driving long term growth in clients Accelerating platform inflows £70 300 2% (HY24: 2%) £60 250 £50 200 Transact received the highest NPS out of 22 £40 41% platform providers in the 2025 Investment 150 (HY24:
Slide 16: T4A integration offers opportunity to scale growth
T4A integration offers opportunity to scale growth CURO back-office software focused on consolidators and larger UK advice firms Microsoft based software • Enables UK advice firms to record the financial plans for underlying clients, and administer their business Supports growing advice consolidator
Slide 17: Summary
=: IntegraFin Summary
Slide 18: IntegraFin's leading platform delivers strong HY results
IntegraFin’s leading platform delivers strong HY results IntegraFin provides a leading UK adviser platform… …delivering strong HY results £65.9bn 5-year CAGR 12% average Award winning platform with top-rated service, delivering FUD digitalisation benefits for a growing client base daily FUD £5.1bn
Slide 19: Q&A
Q&A Alex Scott – Chief Executive Officer Euan Marshall - Chief Financial Officer
Slide 20: Appendix 1 - IHP Group HY reporting
Appendix 1- IHP Group HY reporting £m HY25 HY24 Revenue 77.2 70.4 Cost of sales -1.6 -1.6 Gross profit 75.6 68.8 Underlying administrative expenses -44.7 -41.0 Non-underlying administrative expenses -8.1 -1.1 Operating profit 22.8 26.7 Net interest income 5.5 5.1 Net gain attributable to policyholde
Slide 21: Appendix 2 - Strong growth opportunities in the UK adviser platform market
Appendix 2-Strong growth opportunities in the UK adviser platform market UK adviser platform market by FUD (£bn) Adviser platform assets – forecast by Fundscape 2024-29 Technology £2,000bn CAGR FUD as at Platform Provider £1,800bn 20% 31.03.25 £1,600bn 1 Nucleus £99.2bn £1,400bn 13% 2 Quilter £86.6b
Slide 22: Appendix 3 - Transact's proprietary technology is a key differentiator
Appendix 3- Transact’s proprietary technology is a key differentiator Gross inflows Technology Technology Platform Platform Net inflows HY25 HY25 Provider Provider 1 Quilter £7.7bn 1 Quilter £4.2bn 2 Transact £5.1bn Proprietary 2 Aviva £2.6bn 3 Aviva £5.0bn 3 Transact £2.1bn Proprietary 4 Nucleus £4
Slide 23: Disclaimer
Disclaimer The information contained in this presentation has not been independently verified and no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein