Slide 1: ASX Announcement: FY25 Half Year Results Presentation
28 February 2025 ASX Announcement Shine Justice Ltd (SHJ) FY25 Half Year Results Presentation Attached is a copy of the FY25 Half Year Results Presentation. Authorised for release by the Board Annette O’Hara Company Secretary aohara@shine.com.au For more information Simon Morrison, Managing Director
Slide 2: Results Presentation
Results Presentation For the half-year ended 31 December 2024 28 February 2025
Slide 3: Important Notice
Important Notice This presentation contains certain forward-looking statements with respect and objectives of the management of Shine Justice Ltd. Such forward-looking statements involve both known and unknown risks, uncertainties, assumptions and other important factors which are beyond the control
Slide 4: Contents
Contents Shine Justice Overview 4 H1 Headline Metrics 5 Personal Injury Overview 6 Class Actions Overview 8 Financial Statements 10 Group Debt 13 Dividend 14 Strategy 15 Appointment of CEO 16 FY25 Outlook 17
Slide 5: Class Actions and Personal Injury
4 P UR PO S E DR IV E N, R ES ILI EN T AN D D ETE RM IN ED TO SE E K JUS TIC E FOR O UR C LI E NT S Class Actions Personal Injury • Consumer Shine Lawyers, Sciaccas (QLD), Stephen Browne (WA) & Bradley • Employment Bayly (WA) • Environmental • Motor vehicle • Financial Services • Workplace • First N
Slide 6: H1 Headline Metrics
5 H1 Headline Metrics Statutory Revenue: 2% revenue increase, driven by growth in the Personal Injury segment. Statutory Revenue EBITDA¹ Adjusted EBITDA² Fully Franked Interim Dividend Declared: 1.5 cents per $100.7m $11.9m $16.2m share. First fully franked interim dividend since 2018. PCP $98.3m PC
Slide 7: Personal Injury Market Overview
6 Personal Injury Market Overview Market Share Industry Products & Services Segmentation 9.9% 17.7% 9.3% *8.8% increase 7.7% 45.1% in market share 73.2% 37.2% Shine Justice Motor Vehicle Accidents Allegro Funds (Slater & Gordon) Workplace Injuries Maurice Blackburn Other Personal Injury Claims Other
Slide 8: Personal Injury: Driving Performance & Future Growth
7 Personal Injury: Driving Performance & Future Growth Net Income The personal injury segment generated a solid net income of $82 million, underscoring the Group’s strong financial position and reinforcing its capacity to deliver sustainable returns. Primary Growth Driver Accounting for more than 80
Slide 9: Class Actions Overview
8 Class Actions Overview Shine is managing a diverse portfolio of 50 Class Actions both filed and those matters under investigation Current Class Action Investigations - 27 Current Class Actions - 23 1 1 2 2 2 3 7 5 8 1 5 2 5 6 Employment Consumer Employment Consumer First Nations & Social Justice O
Slide 10: Class Actions: Financial Performance & Funding
9 Class Actions: Financial Performance & Funding Financial Performance The Class Action segment experienced a slight downturn in revenue in the first half of FY25, primarily due to a delay in filing a number of new actions. This delay is attributed to the timing of investigations and the need to sec
Slide 11: Profit and Loss Statement
10 Profit and Loss Statement H1 FY25($m) H1 FY24($m) Variance($m) Driven by steady momentum in the Personal Revenue and income 100.7 98.3 2.4 Injury segment, H1 performance underlines our strategy to pursue profitable growth areas Adjusted EBITDA¹ 16.2 22.2 (6.0) while maintaining a diversified case
Slide 12: Statement of Cash Flows
11 Statement of Cash Flows H1 FY25 H1 FY24 $000 $000 Cash flows from operating activities During the first half of FY24, the Group recognised $24 million of major Class Action Receipts from customers (inclusive of GST) 99,154 128,196 settlements, which did not recur in the first half of FY25. Paymen
Slide 13: Balance Sheet
12 Balance Sheet 31 Dec 24 30 Jun 24 $000 $000 Cash 10,812 29,427 The Group's strategy to grow Work in Receivables 6,617 10,501 Progress (WIP), resulted in a net increase of $15.2 million. Work in progress 371,596 356,372 Unbilled disbursements 98,831 95,412 This positions the firm for meaningful fu
Slide 14: Group Debt
13 Group Debt DEB T/ EQUI TY RA TI O $61.2m 1 N ET DE BT Below 28% - Below industry average 1 $72.0m DEB T RE -ST RUC TU RE GROSS DE BT 2 DISBURSEMENT FUNDING RE-FIN AN CI NG R ED UC ES FU T UR E IN T ER E ST EX P EN SE $18.8m R E-FI NA NC ED 3 DI SCI PL IN ED DEBT MANA GEMEN T 7% AV G C O S T O F D
Slide 15: Dividend
14 Dividend Capital management continues to be a focus. Shorter term returns via dividends aligned with longer term capital growth via share buy-back and improved financial performance. Dividend of 1.5c fully franked declared (H1 FY24: 1.5c unfranked), record and payment dates in April 2025. First f
Slide 16: Strategies to Optimise Operations and Drive Growth
15 Strategies to Optimise Operations and Drive Growth 1 Simplify Business 2 Drive Meaningful Revenue 3 Expansion of Operating Structure Growth Footprint Shine Justice has streamlined its Shine Justice is committed to Shine Justice is strategically business structure, consolidating achieving sustaina
Slide 17: Appointment of Chief Executive Officer
16 Appointment of Chief Executive Officer Appointment of Carolyn Barker AM as Chief Executive Officer with effect from 28 February 2025. Responsible for providing overall leadership and direction for the Shine Justice Group working closely with the Managing Director and Board of Directors along with
Slide 18: FY25 Outlook
17 FY25 Outlook Foundations laid for improving FY25 H2 Clearer focus on two operating segments – Leveraging technology to convert enquiry PI & Class Actions. into file openings. Organic growth opportunities in both Recovery of fees deferred from H1 expected operating segments. to deliver stronger fi
Slide 19: Thank you
JUSTICE NC suine N Thank you