Time Finance Plc · LSE:TIME
Time Finance — 9M FY2025 Earnings Presentation
18 slides from Time Finance's earnings presentation, Mar 25, 2025
Slide 1: Q3 Trading Update
Q3 Trading Update Unaudited results for nine months ended 28 February 2025 Helping UK businesses thrive and survive 25 March 2025
Slide 2: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by Time Finance plc (the "Company") and is confidential and is only directed at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such
Slide 3: Ed Rimmer, CEO and James Roberts, CFO
Ed Rimmer, CEO James Roberts CFO Ed has worked within commercial finance for 30 years James qualified as an accountant with PwC and has holding many senior roles, including UK CEO of Bibby worked in financial services for 25 years. He has held Financial Services. Ed has been involved with Time since
Slide 4: Current Strategic Plan – June 21 to May 25
Current Strategic Plan – June 21 to May 25 To double the To become a Gross Lending nationally book from its recognized June ‘21 level SME funder To achieve run- To strengthen the rate profits balance sheet ahead of 2019 through own pre-Covid levels book lending Helping UK businesses thrive and survi
Slide 5: Current Strategic Plan: Update as at February
Current Strategic Plan An update as at 28 February To double the Gross Lending book To achieve 2019 run-rate profits c£210m c£65m c£106m c£27.3m c£5.9m Group IF Hard Asset 9M Revenue 9M Profit Lending Book Lending Book Lending Book Before Tax Growth Since Strategy Launch 86% 160% 231% 114%* 104%* Pr
Slide 6: Current Strategic Plan: Recognition and Balance Sheet
Current Strategic Plan An update as at 28 February To become a nationally recognized To Strengthen the balance sheet SME lender through own-book lending • Average Trust Pilot review rating of 4.9 • Net Tangible Assets at record highs of out of 5 stars c£43.0m, up 51% from June 21 • Industry known, e
Slide 7: 9 Month Unaudited Financial Results
9 Month Unaudited Financial Results Record 9M 15 Consecutive Revenues and Quarters of Loan Profits Book Growth A Robust and Ever- Well Controlled Strengthening Arrears and Balance Sheet Write-offs Helping UK businesses thrive and survive
Slide 8: Unaudited 9 Month Results to 28 February 2025
Unaudited 9 Month Results to 28 February 2025 Strong year-on-year momentum Key Financial Metrics 28/02/25 29/02/24 Movement Movement Progress £’m £’m £’m % Own-Book Origination 69.3 66.0 +3.3 5% ✓ Gross Own-Book Lending book 210.3 190.2 +20.1 11% ✓ Total Revenue for the period 27.3 24.0 +3.3 14% ✓ P
Slide 9: Robust and Strengthening Balance Sheet
Robust and Strengthening Balance Sheet Arrears well controlled; Provisioning well above stable Write-Off levels Net Arrears: Write-offs and Provisioning: 15% Consistently in the target range of 5-6% of the Lending Book Write-offs unchanged; prudent provisions Annual Net Provisioning % 12% Bad Debt w
Slide 10: Funding firepower in place to meet strategic aims
Funding firepower in place to meet strategic aims Diversified funding partners with £100m+ of headroom Key Live Funding Lines Facility Usage Headroom Indicative Cost as at 28 February £’m £’m £’m over base Bank Overdraft 1.0 0 1.0 +1% Asset Block Funding lines (no non-utilisation fees) 168.5 91.7 76
Slide 11: Next Phase Strategic Plan – June 25 to May 28
Next Phase Strategic Plan – June 25 to May 28 Continued Operational Lending Book Leverage Growth Resilient Increased Return Lending On Equity Helping UK businesses thrive and survive
Slide 12: Next Phase Strategic Plan Through to May 2028
Next Phase Strategic Plan Through to May 2028 Lending Book Resilient Operational Increased Return Growth Lending Leverage on Equity Increase the gross lending book to Arrears controlled in the 5-6% range Improve Profit Before Tax margins to Increased RoE* to the mid-teens by £300m+ by: by: the mid-2
Slide 13: Summary and Investment Case
Summary And Investment Case Record 9M Robust and Revenues and Strengthening Profits Balance Sheet Plan to May 25 on Multiple upgrades; track; exciting favourable market growth plan to conditions May 28 launched Helping UK businesses thrive and survive
Slide 14: Summary and Investment Case
Summary and Investment Case Q3 Results Strategy Investment Case • Nearly four years of continuous • Four pillars of current medium-term • Helping 1000’s of UK businesses thrive growth strategy on course to be hit: and survive • Record Gross Lending Book of o Lending book growth • A growing lending b
Slide 15: Appendix
Appendix Who We Are and What We Do Our Core Products Why We Stand Out From the Crowd Helping UK businesses thrive and survive
Slide 16: Who are Time Finance and What do they do?
Appendix Who are Time Finance and What do they do? Time Finance plc is a business committed to ensuring that UK businesses can access a multi-product range of funding solutions to support their growth plans. In summary: Alternative Supporting Lending on Flexibility Multi finance UK our to broke Prod
Slide 17: Core Products
Appendix Core Products Asset Finance Invoice Finance • Soft and Hard Assets • Disclosed and Confidential • Introductory channels: finance brokers, • Introductory channels: finance brokers, insolvency equipment suppliers/manufacturers & existing practitioners, professional firms & existing clients cl
Slide 18: Why Time Finance stands out from the crowd
Appendix Why Time Finance stands out from the crowd Challenger Banks Alternative finance Banks Generally do not operate Quoted companies Private companies SME lending no longer at the smaller end of the platforms Tend to be more single multiple regional players, their primary focus market. Lend to u