Investacc Group Limited · LSE:INAC
Investacc — H1 2025 Earnings Presentation
25 slides from Investacc's earnings presentation, September 2025
Slide 1: Interim results to 30 June 2025 & Performance Update
Interim results to 30 June 2025 & Performance Update September 2025 1
Slide 2: Agenda
1. Executive Summary 2. H1-2025 Results and Performance Review 3. Key Projects Update A. AJ Bell B. Treasury Function 4. H2-2025 Priorities 5. Summary and Key Priorities 6. Q&A 2
Slide 3: 1. Executive Summary
1. Executive Summary Excellent organic growth and delivery of key projects Significant progress in H1-2025 ▪ Organic revenue growth of 20% ▪ AJ Bell integration on track for ▪ Trading EBITDA growth at attractive completion on 3 November margin ▪ Implementation of fee review complete ▪ Number of SIPP
Slide 4: The Market Opportunity
The Market Opportunity STRATEGY Building a leading specialist pension administrator with Attractive Opportunities for a high-quality Fundamentals integrated business Consolidation and a focus on excellent customer outcomes 8% Organic Growth projected annually over the next 5 years Existing Fragmente
Slide 5: 2. H1-2025 Results and Performance Review
2. H1-2025 Results and Performance Review 5
Slide 6: H1-2025 Financial Performance and Position
H1-2025 Financial Performance and Position (1) H1 2025 financial overview H1-24 H1-25 £'m Pro forma Actual Change Pension administration 2.5 3.1 26.4% ▪ 20% increase in revenue driven by Financial advice 1.2 1.3 10.0% organic growth – primarily via core Appointed Representative 0.4 0.5 12.5% pension
Slide 7: H1-2025 Financial Performance and Position
H1-2025 Financial Performance and Position (1) H1-2025 financial overview H1-24 H1-25 £'m Pro forma Actual ▪ Acquisition costs in H1-25 primarily Group EBITDA 1.8 1.3 relate to the AJ Bell transaction Exceptional items: Acquisition costs (2.5) (2.0) ▪ Integration costs relate to AJ Bell Integration
Slide 8: Organic revenue growth underpinned by SIPP plan growth
Organic revenue growth underpinned by SIPP plan growth No. of SIPPs(1) ▪ 22% increase in net number of SIPPs year-on-year +22% 13,434 11,035 ▪ Strong net client flows with 2,857 new SIPPs and lapses remaining below 4% over the last 12 months Jun-24 Jun-25 ▪ Ongoing relationships with 600+ IFA firms,
Slide 9: Profitable growth at a consistent margin
Profitable growth at a consistent margin Trading EBITDA margin(1) ▪ SIPP admin platform upgrade provides future capacity for growth +4.4pp 46.7% 42.3% ▪ No deterioration in service quality despite multiple, transformational projects being undertaken Jun-24 Jun-25 ▪ Gold-rated Defaqto pension service
Slide 10: 3. Key Projects Update
& InvestAcc Group 3. Key Projects Update
Slide 11: 3A. AJ Bell – acquisition summary
3A. AJ Bell – acquisition summary Acquisition of AJ Bell’s off-platform Platinum SIPP and SSAS business, announced in March 2025 2,586 £1.8bn £690k ▪ High net worth client base, with a broadly even split of direct and IFA SIPP Customers SIPP AuA Average SIPP value introduced clients ▪ Platinum produ
Slide 12: 3A. AJ Bell – overview and status update
3A. AJ Bell – overview and status update AJ Bell acquisition materially enhances the scale and capacity of the group and provides evidence that our inorganic strategy is working ▪ Excellent progress made to date, with completion expected to take place on 3 November ▪ Underlying client base has remai
Slide 13: 3A. AJ Bell integration update - readiness
3A. AJ Bell integration update - readiness Execution of integration plan substantially completed across core areas Staff Transaction Customer data TUPE recruitment completion – validation consultation and training November 2025 Customer and Reignite Exchange: 27 Data extraction IFA cus
Slide 14: 3B. Treasury Function implementation – progress update
3B. Treasury Function implementation – progress update Near-term enhancements Long-term strategic solution Legacy Phase One Phase Two Phase Three Fully scalable Treasury Function Cash pooling with existing accounts Cash pooling with existing accounts Phase Three: full migration of all accounts to si
Slide 15: 4. H2-2025 Priorities
& InvestAcc Group 4. H2-2025 Priorities
Slide 16: H2-2025 priorities are consistent with previous guidance
H2-2025 priorities are consistent with previous guidance 1. Continue to drive organic growth across core business lines – led by SIPP plan growth 2. Complete AJ Bell acquisition and deliver remainder of integration plan 3. Pursue M&A pipeline 4. Implement next phase of the Treasury Function 5. Conti
Slide 17: M&A Pipeline remains active
M&A Pipeline remains active A pipeline of high quality acquisitions, deliverable over the next 3 years Compelling M&A Opportunity : InvestAcc AJ Bell ▪ Strong pipeline across specialist providers, life companies, and platforms Customers 12,000+ 3,400+ Revenue £8.8m £10m ▪ Expertise, focus and moment
Slide 18: 5. Summary and Key Priorities
5. Summary and Key Priorities 18
Slide 19: Summary and Key Priorities
Summary and Key Priorities Summary Key Priorities InvestAcc InvestAcc ▪ Continued growth momentum ▪ Delivery of continued organic growth ▪ Customer service excellence continues to and customer service excellence drive high standards ▪ Implementation of Treasury Function ▪ SIPP Pro platform upgrade M
Slide 20: 6. Q&A
& InvestAcc Group 6. Q&A
Slide 21: A. Appendix
& InvestAcc Group A. Appendix
Slide 22: Long-Term Goal Starting Point
Founded in 2020 as Marwyn Acquisition Company II and renamed in October 2024, InvestAcc Group has the long-term goal to establish itself as a market leader offering tailored services, technology and products that meet the diverse intergenerational needs of customers and families. Long-Term Goal Star
Slide 23: Highly Experienced Management Team
Highly Experienced Management Team Mark Hodges | InvestAcc Group Chair Knowledge, experience and track record in executing • Led multiple successful value-creation M&A transactions • Experience leading consolidation of the Pensions Sector Sale to Phoenix for CEO of Centrica’s £11bn CEO of £15bn annu
Slide 24: Drivers for a Growing Market
Drivers for a Growing Market Our core vision is underpinned by four macro trends providing opportunity for the bespoke SIPP and SSAS market: 1 Ageing population 21m 30% Migration away from DB schemes and demographics people aged over 55 in Increase in the number leading to greater dependence on the
Slide 25: The Size of the Opportunity
The Size of the Opportunity The size of the opportunity has been Full SIPP Market Providers demonstrated through recent FCA analysis: Specialist Providers Providers : 27 £567bn £204bn Simple SIPP: invested solely Accounts : ~338k in shares and funds, £85k Total SIPP Operator assets Platform-based Fu