Manx Financial Group Plc · LSE:MFX
Manx Financial — H1 2023 Earnings Presentation
13 slides from Manx Financial's earnings presentation, Jun 30, 2023
Slide 1: Interim Results to 30 June 2023
Manx Financial Group Interim Results to 30 June 2023
Slide 2: Disclaimer
This presentation (the “Presentation”) has been prepared by Manx Financial Group Pic ("MFG" cor the “Company’]. This Presentation contains general and background information about MFG's activities current as at the date of the Presentation, and [i) does not purport to be completed; and [ii) should n
Slide 3: Meet the Board
MEET THE BOARD @®ee JIM MELLON DENHAM EKE DOUGLAS GRANT JAMES SMEED Executive Chairman. Executive Vice Chairman Chief Executive Officer Group Finance Director & ; © * ALAN CLARKE GREG JONES GREGORY BAILEY JOHN SPELLMAN Non - Executive Director Non - Executive Director Non - Executive Director Non -
Slide 4: MFG Interim Result at a Glance
MFG INTERIM RESULT AT A GLANCE Loan Book Advances Growth £182.6m | £343.2m +64.6% +40.1% 2022 2022: £110.9m £244.9m Highlights for the period, 6 months ended 30 June 2023. Balance Sheet Growth £419.7m +32.1% 2022 £317.7m Loan to Deposit Ratio 103.2% +6.9% 2022: 96.6% Profit Before Tax £3.0m +29.7% 2
Slide 5: MFG Interim Results Commentary
MFG INTERIM RESULTS COMMENTARY 2023 TO DATE Another record half year with a 30% increase in our Profit Before Tax Payable to £3.0 million; and The full impact of the Bank of England’s 14 consecutive interest rate increases, negatively impacted our net interest margin by 6%; and This margin erosion h
Slide 6: Who We Are
‘hangin the face of business ending WHO WE ARE An independent banking and financial services group founded in 1935, domiciled in the Isle of Man. Ea Ee Bg oO MFX Conister Edgewater paymentassist Bank Es] [E3] a Manx Conister Manx ~ (bluestar Collections Ventures
Slide 7: Our Main Operating Subsidiaries
Conister Bank Conister OUR MAIN OPERATING SUBSIDIARIES CONISTER BANK Provides a variety of financial products, services, and facilities to the Isle of Man and the UK consumer and business sectors. £182.6m Lending in first 6 months, 2023 2022: £110.9m an paymentassist PAYMENT ASSIST Payment Assist is
Slide 8: Conister Bank at a Glance
CONISTER BANK AT A GLANCE e Fully licenced IOM deposit taker; and e Seeking a UK branch deposit licence; and ¢ The majority of lending is in the UK (SMEs); and e Facility sizes: £1-56mn (max would be £100mn); and © Maximum individual exposure: £1.5mn. UK MARKET UK MARKET SIZE UK MARKET SHARE 350 Lic
Slide 9: Our Growth Plan: Organic
OUR GROWTH PLAN MFG's strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets. ORGANIC © Gain market share in existing markets by leveraging our ability to raise liquidity and succes
Slide 10: Our Growth Plan: Inorganic
OUR GROWTH PLAN INORGANIC DR * Acquiring businesses in sectors we prefer; and e Replacing more expensive debt with ours (instant bottom-line improvement); and e By acquiring these businesses, we acquire the customer and their margin — further bottom-line improvement.
Slide 11: Our Growth Plan: Incubate
OUR GROWTH PLAN INCUBATE ¢ We have a successful track record of backing start-up businesses; and ¢ Investing in businesses that are going to compete in markets we wish to enter OR operate in our existing markets but they intend to own the end customer; and ¢ Sometimes the debt return does not match
Slide 12: Manx Ventures: Our Entrepreneurial Subsidiary
MANX VENTURES : OUR ENTREPRENEURIAL SUBSIDIARY Ventures CURRENTLY HOLDS © 100% of the issued share capital in 4 companies; with ¢ Options to acquire shareholdings in another 4 companies. REMAINDER OF 2023 ¢ Explore opportunities to acquire a UK General Insurance business; and © Consider companies fo
Slide 13: Thank You
THANK YOU email: douglas.grant@mfg.im call: +44 (0}1624 694702 email: james.smeed@mfg.im call: +44 (0)1624 694684