Af Legal Group Limited · ASX:AFL
Af Legal — H1 FY23 Earnings Presentation
10 slides from Af Legal's earnings presentation, Feb 28, 2023
Slide 1: Investor Presentation H1 FY23
Investor Presentation H1 FY23 – 28 February 2023
Slide 2: H1 FY23 Highlights
H1 FY23 Highlights ▶ AFL delivers H1 FY23 financial performance in line with guidance ▶ Results follow a thorough review and adjustment of all balance sheet items to reflect a stronger focus on financial discipline ▶ Focus on costs combined with improving business and recruitment conditions has AFL
Slide 3: Financial Results H1 FY23
AIF LEGAL 01 FINANCIAL RESULTS H1 FY23
Slide 4: Profit & Loss H1 FY23
Profit & Loss H1 FY23 Consolidated Statement of Profit or Loss and Other Comprehensive Income 31 Dec 2022 31 Dec 2021 for the half-year ended 31 December 2022 $ $ Revenue 8,826,687 8,614,601 Commentary: Expenses Cost of sales (23,054) (110,753) ▪ Revenues (excl disbursements) of $8.8 million were up
Slide 5: Additional H1 FY23
Additional H1 FY23 Half Year Revenue (excl. disbursements) 10,000 8,615 8,827 8,369 7,500 6,495 Commentary: ▪ Revenues (excl disbursements) of $8.8 million for H1 FY23 represent 5,000 3,933 the highest half year revenue achieved by AFL since listing ▪ AFL Withnalls (H1 FY23 $1.5m) acquisition from J
Slide 6: Balance Sheet H1 FY23
Balance Sheet H1 FY23 Consolidated Statement of Financial Position 31 Dec 2022 30 Jun 2022 For the year ended 31 December 2022 $ $ ASSETS CURRENT ASSETS Cash and cash equivalents 2,376,224 3,749,048 Commentary: Trade and other receivables 3,542,253 4,403,079 Right to use asset Other current assets -
Slide 7: Cash Flow H1 FY23
Cash Flow H1 FY23 Consolidated Statement of Changes in Equity 31 Dec 2022 31 Dec 2021 For the half-year ended 31 December 2022 $ $ Cash Flows from Operating Activities Commentary: Receipts from customers 11,220,728 9,160,495 Payments to suppliers and employees (10,737,426) (6,968,230) ▪ The operatin
Slide 8: FY23 Focus and Outlook
AIF LEGAL 02 FY23 FOCUS AND OUTLOOK
Slide 9: Focus and Outlook - AFL 3.0
Focus and Outlook - “AFL – 3.0” Labour Market Opening Up New Client Activity Profitability Proven Growth Model ▪ 6 new Senior Lawyers recruited ▪ Launch “Australian ▪ Q3 activity has us cautiously ▪ Expand into new regions and Relationship Report” – first of optimistic as to an overall lift continue
Slide 10: Thank You
Thank You For any questions, please contact: investorrelations@aflegal.com.au Priyamvada (Pia) Rasal - Company Secretary Pia.rasal@automicgroup.com.au +61 3 7037 9545