Northern Bear Plc · LSE:NTBR
Northern Bear — Investor Presentation (March 2024)
20 slides from Northern Bear's investor presentation, March 2024
Slide 1: Group Overview
Northern Bear Plc Group Overview March 2024
Slide 2: Disclaimer
Disclaimer The information contained in this document Please note that any indication of past This Presentation is governed by and shall be All opinions expressed in this presentation are (“Presentation”) is directed at (i) members or performance should not be relied upon as a construed according to
Slide 3: Who we are
Roofing Northern Bear Plc Springs Roofing Ltd Who we are Materials Handling Northern Bear plc is an AIM quoted specialist building services provider serving the support services sector. The Group comprises ten businesses in Northern England covering roofing, materials handling, and specialist buildin
Slide 4: Who we are: PLC Directors
Executive Directors Northern Bear Plc Keith Soulsby John Davies Tom Hayes Steve Roberts Who we are: Operations Director (Retires 31st March 2024) Executive Director (CEO from 1st April 2024) Finance Director Executive Director PLC Non-Executive Directors Directors Harry Samuel Martin Boden Anil Kher
Slide 5: Jennings Roofing - Key information
Jennings Roofing is a roofing contractor providing slating, tiling, felting, leadwork, general roof repairs, refurbishment and maintenance services. The company operates throughout Northern England with a focus on the Yorkshire market. Key customers include local authorities and housing associations
Slide 6: Springs Roofing - Key information
Springs Roofing Ltd Springs Roofing, based in County Durham, is a leading roofing contractor in North East England, providing a comprehensive range of services including slating, tiling, felting, single-ply membrane and leadwork. Over a quarter of a century the company has built strong relationships
Slide 7: Wensley Roofing - Key information
Wensley Roofing provides a broad range of roofing services with a focus on the North East. Key services include roof slating, tiling, leadwork, felting and liquid roofing services, with particular expertise in heritage renovations. Key customers include major housebuilders, local authorities, housin
Slide 8: Alcor - Key information
Alcor is one of the largest independent Mitsubishi dealers in the country with comprehensive sales, hire, maintenance and repair options for customers throughout the North East and in Cumbria. It also provides specialist handling, cleaning and accessequipment,and warehousingsolutions. The hire fleet
Slide 9: MGM - Key information
MGM undertakes a wide range of contracts for local authorities, heritage organisations and private customers, with a particular speciality in restoration and refurbishment. The company works on properties of all sizes and descriptions from small private dwellings to large commercial and public build
Slide 10: Arcas Building Solutions - Key information
Arcas Building Solutions is a building contractor offering services including feasibility studies, design and build, principal contractor work, value engineering, and maintenance services, for both new build and refurbishment contracts. The team at Arcas has experience across many sectors, having co
Slide 11: Isoler Building Integrity Services - Key information
Building Integrity Services Isoler are building integrity specialists, offering a range of comprehensive services to the public sector and construction industry in the UK. The company installs fire stopping/compartmentation, specialist fire doors, fire dampers, intumescent paint, and structural boar
Slide 12: H Peel & Sons - Key information
H Peel & Sons provides refurbishment and fit-out of commercial interiors for hospitality customers, universities, hotels, health clubs, schools, care homes and offices throughout the UK. The company’s group of specialist craftsmen and designers produce hand-finished bespoke joinery using a workshop
Slide 13: J Lister Electrical - Key information
J Lister Electrical provide a comprehensive range of electrical contractor services for companies of all sizes, including universities, the NHS, and large commercial organisations, via both frameworks and standalone contracts. The Company is based in York with a focus on Yorkshire and the North East
Slide 14: Northern Bear Safety - Key information
Northern Bear Safety is a health and safety consultancy, providing the Group and external clients with support across all aspects of health, safety and environment. Its consultants areallcharteredsafetyprofessionals. The company works with Group businesses to support and monitor Health and Safety co
Slide 15: Financial Overview: Income statements
Financial Overview Income statements Income statement 12m 12m 12m 12m 12m 6m Financial year-end 31st March FY19A FY20A FY21A FY22A FY23A FY24H1A Revenue and gross margin % by year £m £m £m £m £m £m 80 25.0% 70 20.0% Revenue 56.6 54.4 49.2 61.1 66.8 36.9 60 Cost of Sales (44.7) (43.5) (40.7) (48.6) (
Slide 16: Financial Overview: Balance sheets
Financial Overview Balance sheets Key points to note are: Mar-19A Mar-20A Mar-21A Mar-22A Mar-23A Sep-23A Balance sheet summary £m £m £m £m £m £m - PPE is mostly motor vehicles and the materials handling fleet, Property, plant and equipment 3.0 3.2 3.6 4.4 5.0 5.2 where significant investment has be
Slide 17: Financial Overview: Cash flow statements
Financial Overview Cash flow statements Cash flow statement 12m 12m 12m 12m 12m 6m Key points to note are: Financial year-end 31 March FY19A FY20A FY21A FY22A FY23A FY24H1A £m £m £m £m £m £m - Cash flow can be volatile on a month-to-month and annual basis, depending on the mix of work and related wo
Slide 18: Future growth opportunities
Future growth opportunities: • Regulatory-driven growth: market growth opportunities e.g Isoler providing building integrity solutions, low capital intensity, investing in people and premises to support expansion. • Decarbonisation: Supporting customer base to reduce carbon emissions, e.g. - Roofing
Slide 19: Acquisition criteria
Acquisition criteria: What we are looking for: • Specialist building and support services businesses based in Northern England or adjacent markets. • A focus on social housing and renewables with a significant proportion of turnover coming from public sector funded projects. • An established managem
Slide 20: Business Case Summary
Business Case Summary: • Established: Specialist building services companies with well-established business models and market positions in the North of England, supporting social housing, construction and infrastructure: • Balance of public and private-sector customers provides some protection from