Arbuthnot Banking Group Plc · LSE:ARBB
Arbuthnot Banking — FY2024 Earnings Presentation
26 slides from Arbuthnot Banking's earnings presentation, Mar 27, 2025
Slide 1: Arbuthnot Banking Group PLC 2024 Year-end Results
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results ARBUTHNOT BANKING GROUP PLC 2024 Year-end Results 27 March 2025
Slide 2: Highlights
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Highlights Strategy & group overview Financial review Appendix 2
Slide 3: Key Messages
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Key Messages Financial Key Indicators • Reported profit before tax of £35.1m (FY23: £47.1m), a decrease of 25% • Gross yield on loan book of 8.2% (FY23: 8.1%) • Underlying profit before tax of £35.1m (FY23: £51.4m), a d
Slide 4: Financial Highlights and KPIs
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Financial Highlights and KPIs Key Performance Indicator FY24 FY23 % Change Net interest margin 5.1% 5.7% (11%) Commentary Total cost income ratio 78% 73% 11% Reported PBT £35.1m £47.1m (25%) • Total ordinary dividends f
Slide 5: Strategy & group overview
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Highlights Strategy & group overview Financial review Appendix 5
Slide 6: Group Strategic Overview
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Group Strategic Overview Business model Deposits Lending Property Lending Deposits Asset Finance Invoice Finance Wealth Management Low-cost relationship driven deposit business Truck Leasing model to fund higher margin
Slide 7: Strategic "Future State" Vision
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Strategic “Future State” Vision Pre-tax Return on Capital Balances £bn Capital deployed £m Gross Margin Employed Division Future Future Future Future 2022 2023 2024 2022 2023 2024 2022 2023 2024 2022 2023 2024 State 2 S
Slide 8: Banking Overview
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Banking Overview Overview of the business Banking Loan Book Growth and Gross Interest Yield Full service Private & Commercial Bank with a heritage going £2,000m Loan Book Gross Interest Yield 8.0% back to 1833 that is f
Slide 9: Wealth Management Overview
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Wealth Management Overview Overview of the business Assets Under Management and Revenue Yield Wealth Management Closing AUM Average Revenue Yield A service led business that provides high quality advice across all £2,50
Slide 10: Renaissance Asset Finance (RAF)
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Renaissance Asset Finance (RAF) Overview of the business RAF Loan Book Growth & Gross Interest Yield Acquired in April 2017, the business is based in Basildon with a sales team giving UK wide coverage. 64 staff in total
Slide 11: Arbuthnot Commercial Asset Based Lending (ACABL)
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Arbuthnot Commercial Asset Based Lending (ACABL) Overview of the business ACABL Loan Book Growth & Gross Interest Yield Growth Celebrating 7 years of trading in May 2025. Head Office in Gatwick with a nationwide presenc
Slide 12: Asset Alliance Group (AAG)
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Asset Alliance Group (AAG) Overview of the business AAG Loan Book Growth & Gross Interest Yield An award-winning specialist lender focusing on the UK bus & Top 5 provider* of Contract Hire, coach and commercial vehicle
Slide 13: Financial review
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Highlights Strategy & group overview Financial review Appendix 13
Slide 14: Summarised Income Statement & Balance Sheet
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Summarised Income Statement & Balance Sheet Income statement (£m) Financial Year 2024 Financial Year 2023 % Change Commentary Interest income 263.44 231.84 14% • Interest income up 14% mainly due to Interest expense (13
Slide 15: Profit Before Tax Movement
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Profit Before Tax Movement Commentary • 2024 PBT of £35.1m, down from £47.1m in 2023 • Subsidiary profit growth £10.9m due to loan £70m 0.9 book growth 7.4 • Core funding benefit from subsidiaries increased £7.4m £60m 1
Slide 16: Summary Financials - Operating Segments
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Summary Financials - Operating Segments Commentary Profit/(Loss) before Tax £m Financial Year 2024 Financial Year 2023 % Change • Banking 57%/£37.9m lower, due to increased Banking 28.12 66.04 (57%) deposit costs, a one
Slide 17: Loan Portfolio Analysis - Key Metrics
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Loan Portfolio Analysis - Key Metrics £555k average loan amount 99.7% of total lending 44.8% LTV average for the Specialist lending 35% of (£648k in 2023) secured Banking loan book – total loans (33% in 2023) maximum 70
Slide 18: Loan Book Analysis
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Loan Book Analysis Breakdown of Customer Lending Loan balances £m FY 2024 FY 2023 Core 1,540 1,566 RAF 249 199 15% 14% ACABL 228 240 AAG 363 327 10% 10% Total 2,380 2,332 10% 9% Commentary • Total lending increased by £
Slide 19: Customer Deposit Analysis - Key Metrics
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Customer Deposit Analysis - Key Metrics Time deposits 2.95% annualised 3.15% FY24 cost (£220m) Notice £593m Call and £4.13bn average original average deposit of funding and Time net Current net Customer term 8.1 months
Slide 20: Capital Surplus
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Capital Surplus £80m Commentary • Total capital position at year end of £272.5m, £70m 24.9 with surplus capital of £45.5m • CET1 capital ratio at the period end of 13.2% • 2024 retained earnings increased resources £60m
Slide 21: Underlying Profit Reconciliation
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Underlying Profit Reconciliation £’000 2024 2023 Profit before tax 35,090 47,117 Profits earned on sale of trucks included in bargain purchase - 4,267 Underlying Profit 35,090 51,384 Underlying earnings per share (pence
Slide 22: Group Summary
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Group Summary One of the oldest specialist banks in the UK, having served our clients since 1833 Well capitalised with strong liquidity and low cost of funding from a deposit-based funding model. Closely monitoring brie
Slide 23: Appendix
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Highlights Strategy & group overview Financial review Appendix 23
Slide 24: Substantial Track Record of Value Creation
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Substantial Track Record of Value Creation Overview ARBB Share Price Performance & TSR ̵ Market capitalisation of £141 million1 ̵ £101.4m (£6.72 per share) cumulatively returned to shareholders since 2014 ̵ Total divide
Slide 25: Disclaimer
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results Disclaimer This presentation and the information, statements and opinions in it do not constitute, and should not be construed as, a public offer under any applicable legislation or an offer to sell or issue or solicita
Slide 26: Thank You
Classification: Confidential Arbuthnot Banking Group PLC - 2024 Year-end Results ARBUTHNOT BANKING GROUP PLC Thank You Arbuthnot Banking Group PLC Arbuthnot House 20 Finsbury Circus Arbuthnot Banking Group: 0207 012 2400 London EC2M 7EA Sir Henry Angest – Chairman and Chief Executive www.arbuthnotgr
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