Christie Group Plc · LSE:CTG
Christie — H1 2024 Earnings Presentation
17 slides from Christie's earnings presentation, Sep 30, 2024
Slide 1: Results Presentation – H1 FY24
RESULTS PRESENTATION – H1 FY24 A leader in the provision of professional and financial services to the hospitality, leisure, healthcare, medical, childcare and education and retail sectors, operating in the UK and Europe. We aim to be the recognized knowledge leader and pre-eminent advisor in our se
Slide 2: Introductions
INTRODUCTIONS Dan Prickett – Chief Executive Officer Simon Hawkins – Chief Financial Officer Dan is the Chief Executive Officer of Christie Group plc which is the Simon is responsible for financial and company accounting matters. holding company for the Group’s seven trading businesses. Dan joined S
Slide 3: Group Headlines – H1 2024
GROUP HEADLINES – H1 2024 • Revenues increased by £2.2m (7%) to £35.3m (2023: £33.1m) • £0.8m improvement in H1 operating loss of £0.6m (2023: £1.4m loss) • Recovery in PFS revenues increased by 10% to £22.3m (2023: £20.4m) • Strong recovery in transactional brokerage activity in the UK, with 517 un
Slide 4: About Us
ABOUT US A leader in the provision of professional and financial services to the hospitality, leisure, healthcare, medical, childcare and education and retail sectors • Christie Group offers an extensive portfolio of professional services for the hospitality, leisure, healthcare, medical, childcare
Slide 5: Our Businesses
OUR BUSINESSES Complementary specialist services classified into two divisions Professional & Financial Services Stock & Inventory Systems & Services Christie & Co is the leading specialist firm providing business intelligence in the hospitality, Venners is the leading supplier of stocktaking, inven
Slide 6: Our Services & Strategy
OUR SERVICES & STRATEGY • To develop & enhance the Group further as a complimentary suite of professional services for owners and operators in our chosen sectors that provides demand services throughout the life cycle of business ownership • Diversity of income to reduce volatility attributable to M
Slide 7: Our Areas of Expertise
OUR AREAS OF EXPERTISE We focus on a section of areas covering a wide range of property-based businesses in Hospitality, Leisure, Healthcare, Retail, Medical and Childcare & Education sectors Retail Medical Childcare & Hotels Public Houses Restaurants Leisure Healthcare Education • Luxury hotels • F
Slide 8: Our Opportunities & Aspirations
OUR OPPORTUNITIES & ASPIRATIONS • Existing access to a UK market of 250,000 small business • Return SISS division to profit • Hospitality stock audit business remains below • In Europe we have ambitions to develop beyond our historic pre-pandemic size but growing strongly with market- single-sector
Slide 9: PFS Division – H1 2024 Review
PFS DIVISION – H1 2024 REVIEW • 38% increase in the number of businesses sold in the UK – 517 compared to 376 in H1 2023 Christie Co • Average fee per transaction reduced by 23% YOY but composition of pipelines for H2 activity should result in increased average fee in the second half • On track to s
Slide 10: SISS Division – H1 2024 Review
SISS DIVISION – H1 2024 REVIEW • Revenues up 2% which appears modest but loss of Wilkos in H2 2023 was significant for our retail stocktaking business • 16% growth from our hospitality stock audit business v H1 2023 • Demand for our pub and hotel stocktaking services is encouraging and we are conver
Slide 11: H1 Revenues 2020 - 2024
H1 REVENUES 2020 - 2024 • Revenue increased by £2.2m (7%) compared to the prior year • Recovery in PFS revenues which increased by 10% to £22.3m • SISS revenues increased by 2% to £13.0m CHRISTIEGROUP.COM 11
Slide 12: Operating Result by Half Years
OPERATING RESULT BY HALF YEARS • H1 2024 loss an improvement of £0.8m compared to the prior year • Historically H2 is stronger and expected to be the case in 2024 • Still work to do in reducing loss making operations within both divisions CHRISTIEGROUP.COM 12
Slide 13: Cash
CASH Movement • Cash & cash equivalents position at 30 30-Jun-24 30-Jun-23 June 24 v June of (£0.9m) June 23 • All existing banking facilities maintained £'000 £'000 £'000 Cash & cash equivalents 705 3,646 (2,941) • Net overdraft facility of £4.5m renewed in the period Bank overdrafts (1,652) (768)
Slide 14: Current Trading & Future Outlook
CURRENT TRADING & FUTURE OUTLOOK • Transactional brokerage pipelines in the UK and Europe support expectations of a stronger second half performance • Group is on track to deliver a recovery in FY24 transactional volumes to levels consistent with those achieved in 2021 and 2022 when we sold over 1,0
Slide 15: Appendices
n christie group pic APPENDICES
Slide 16: Appendix 1 - The Board
APPENDIX 1 - THE BOARD Simon Herrick– Independent Non-executive Chairman Simon is Independent Non-Executive Chairman. He also currently chairs the Audit Committee and is also a member of the Nomination and Remuneration Committees. Simon has over 30 years’ experience in senior finance roles in multin
Slide 17: Appendix 2 - Major Shareholders
APPENDIX 2 - MAJOR SHAREHOLDERS Issued share capital 26,526,729 ordinary 2p shares Major shareholders Philip Gwyn 27.93% Mr J P Rugg 6.00% Lord Lee of Trafford 5.86% Mrs T C Rugg 4.76% Hwfa Gwyn 3.87% Katie Gwyn 3.87% Anna Ross 3.87% Christina Bretten 3.85% Andrew Muir 3.10% Shares not in public han