Af Legal Group Limited · ASX:AFL
Af Legal — FY2023 Earnings Presentation
11 slides from Af Legal's earnings presentation, Aug 31, 2023
Slide 1: Investor Presentation FY23
rsonal use only Investor Presentation FY23 – 31 August 2023
Slide 2: FY23 Highlights
FY23 Highlights ▪ AFL returns to profitability delivering H2 FY23 Normalised NPBT attributable to the owners of AFL of $622k and rsonal use only $159k for the financial year ended 30 June 2023, after losses in H1 FY23 [Loss ($463k)] and H2 FY22 [Loss ($407k)] ▪ Results follow the completion of a tho
Slide 3: Financial Results FY23
01 rsonal use only FINANCIAL RESULTS FY23
Slide 4: Profitability returns in second half
Profitability returns in second half 2023 2022 $’000 $’000 Revenue 18,881 16,983 ▪ Headline NPAT attributable to the owners of the AF Legal Group Expenses rsonal use only Cost of sales 84 9 Limited for full year FY23 was a loss of ($8.1m) Employee expenses Administrative expenses (11,276) (3,020) (9
Slide 5: Profitability returns in second half
Profitability returns in second half rsonal use only ▪ This Normalised and correctly Phased view shows a marked improvement across H2 FY23 with a Normalised NPBT attributable profit of $622k, which represents a significant uplift on the loss of ($463k) for H1 FY23 and also the loss of ($407k) for H2
Slide 6: Revenue – strong growth across second half
Revenue – strong growth across second half Half Year Revenue (excl. disbursements) 12,500 10,054 10,000 8,615 8,827 rsonal use only 8,369 ▪ Revenues (excl. disbursements) of $18.9 million for FY23 continues our 7,500 6,495 trend of year-on-year top line growth with the year up by $1.9m or $000 5,000
Slide 7: Balance Sheet – now clean and debt free
Balance Sheet – now clean and debt free 2023 2022 $’000 $’000 Assets Current assets Cash and cash equivalents 2,052 3,749 rsonal use only Trade and other receivables 4,476 4,403 ▪ Net assets at $7.0m were down $7.9m on the prior year (2022: $14.9m) Other current assets 896 951 Total current assets 7
Slide 8: Cash Flow – much improved in second half
Cash Flow – much improved in second half 2023 2022 $’000 $’000 Cash flows from operating activities Receipts from customers 23,191 19,416 rsonal use only Payments to suppliers and employees (21,923) (17,712) ▪ The operating cash flow for the FY23 financial year was an Net interest received (2) (119)
Slide 9: Focus and Outlook FY24
02 rsonal use only FY24 FOCUS AND OUTLOOK
Slide 10: Focus & Outlook
Focus & Outlook rsonal use only 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 “Austra
Slide 11: Thank You
rsonal use only Thank You