Northern Bear Plc · LSE:NTBR
Northern Bear — Investor Presentation (July 2026)
23 slides from Northern Bear's investor presentation, Jul 21, 2026
Slide 1: Investor presentation
Northern Bear Plc Investor presentation 21 July 2026
Slide 2: Presenters
Presenters John Davies Jim Waring 2 2
Slide 3: A welcome from the CEO
A welcome from the CEO Highlights Welcome Financial Performance Strategic and operational update 3
Slide 4: The Group
Introduction The Group Northern Bear plc is an AIM quoted specialist building services provider serving the support services sector. Northern Bear plc The Group comprises ten businesses in Northern England covering roofing, materials handling, and specialist building services. Roofing Materials Hand
Slide 5: Operational Highlights
Highlights Operational In Year • Strong underlying performance for first 6 months • Settled a material historical claim in Isoler • Developed Callisto Glass facades business • Private sector works slowed with delay in contract awards • Supported businesses in second part of year Long Term • Continue
Slide 6: Financial Highlights
Highlights Financial £86.1m 25.5% £3.8m £6.9m 22.7p £6.2m1 * Stated prior to the impact of provisions for onerous rental contract and one-off profit in Specialist Building Services 1. Net of bank loan of £0.0m in 2026 (£1.5m in 2025). 6
Slide 7: Financial Performance
Financial Performance 7 7
Slide 8: 5 year performance
Financial performance 5 year performance * Stated prior to the impact of provisions for onerous rental contract and one-off profit in Specialist Building Services 8 8
Slide 9: Group Income Statement
Financial performance Group Income Statement Growth 2026 2025 % £000 £000 • Group revenue increased 10.2% to £86.1m. • Gross margin increased by 0.9% to 25.5%. Revenue 10.2% 86.1 78.1 Gross profit 14.3% 22.0 19.2 • Net operating expenses increased by £1.0m to Gross margin 25.5% 24.6% £16.8m Net oper
Slide 10: Operating profit bridge
Financial performance Operating profit bridge 1,506 • Corporate – Increase in overheads. 143 5,134 • Roofing – Small reduction in revenue, further (428) impacted by increased materials and labour cost. • Material Handling – Consistent operating profit 972 and cash generation performance. 3,385 • Bui
Slide 11: Balance sheet
Financial performance Balance sheet Mar-26 Mar-25 Key points to note are: £000 £000 • Intangible assets are goodwill and other Goodwill and intangible assets 15,384 15,384 intangibles created through acquisitions. Property, plant and equipment - hire fleet 4,061 3,973 • PPE is mostly motor vehicles
Slide 12: Cash generation
Financial performance Cash generation 6,888 (95) • Cash from operations – Significant (606) cash generated in the year through strong trading performance and good (1,124) working capital management. • Capital expenditure – Ongoing investment in fleet in the Materials (1,450) Handling business. (946)
Slide 13: Returns to shareholders
Financial performance Returns to shareholders Sep 26 Sep 23 Dec 23 1 2 5 dividend dividend Return to (proposed) 4p Ordinary Shareholders 2.5p Ordinary 1p Special Share buyback 5p Special £836,000 £3,100,0001 £1,032,000 Sep 24 dividend Sep 25 dividend 3 4 2p Ordinary 2.5p Ordinary £275,000 1p Special
Slide 14: Strategic and Operational Update
Strategic and Operational Update 14 14
Slide 15: Key Group strategic drivers
Strategic and operational update Key Group strategic drivers • Up-value our offering • Improve the quality of the opportunity • Invest for organic growth • Develop new business – Callisto • Review acquisition opportunities • Drive public / private client balance • Increase efficiency via ISO accredi
Slide 16: Building services
Strategic and operational update Building services Divisions Emerging trends Strategy Focus areas • Tough market conditions – • Raise profile – focus on promoting delivery businesses in Particularly in private sector growth areas . • Expand our offering – • Callisto – start up now moved from divisio
Slide 17: Isoler
Strategic and operational update Isoler Divisions Emerging trends Strategy Focus areas Increased regulatory drivers including: • Building safety compliance – we employ a full compliance team that provide fire safety solutions for all • Building Safety Act – clients. problematic; causing delays • Nat
Slide 18: Roofing
Strategic and operational update Roofing Divisions Emerging trends Strategy Focus areas • Material increases – present economic environment is • Solar PV roofing solutions – Wensley provide a full causing significant increases . accredited solar product and are developing Wensley Solar as a brand. S
Slide 19: Materials Handling
Strategic and operational update Materials Handling Divisions Emerging trends Strategy Focus areas • Compliance-leveraged Leasing - lease package offering with fully compliant maintenance and buyback options • Shift toward electric- provided. powered fleets driven by • Electrification and fleet mode
Slide 20: Inorganic strategic priorities
Strategic and operational update Inorganic strategic priorities Established business Resilient Companies with well-established business Businesses showing resilience to the models and market positions in the North challenges of labour/materials cost of England, supporting social housing, inflation,
Slide 21: Key points
Summary and outlook Key points • Overall trading has been stable in our new financial year Q1 • Good underlying margins achieved in the year based on sound strategies • Took advantage of a one-off contract profit opportunity • Diversified customers and sectors continue throughout the group • Strong
Slide 22: Questions
Questions 22
Slide 23: Disclaimer
Disclaimer The information contained in this document Please note that any indication of past performance This Presentation is governed by and shall be construed All opinions expressed in this presentation are subject to (“Presentation”) is directed at (i) members or creditors should not be relied u