Slide 1: Interim Results and Updated Strategic Plan
Interim Results and Updated Strategic Plan Results for six months ended 30 November 2024 Strategic Plan through to May 2028 Helping UK businesses thrive and survive 28 January 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 nearly 30 James qualified as an accountant with PwC and has years holding many senior roles, including UK CEO of worked in financial services for nearly 25 years. He has Bibby Financial Services. Ed has been involved with T
Slide 4: Current Strategic Plan – June 21 to May 25
Current Strategic Plan – June 21 to To double the To become a May 25 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 November
Current Strategic Plan An update as at 30 November To double the Gross Lending book To achieve 2019 run-rate profits c£209m c£68m c£93m c£18.2m c£3.9m Group IF Hard Asset H1 Revenue H1 Profit Lending Book Lending Book Lending Book Before Tax Growth Since Strategy Launch 80% 172% 190% 114%* 103%* Pro
Slide 6: Current Strategic Plan: brand and balance sheet progress
Current Strategic Plan An update as at 30 November 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£41.5m, up 46% from June 21 • Appointed a new i
Slide 7: H1 Unaudited Financial Results
H1 Unaudited Financial Results 14 Consecutive Record H1 Quarters of Loan Revenues Book Growth Record H1 Well Controlled Profits Arrears and Write-offs Helping UK businesses thrive and survive
Slide 8: Unaudited Interim results to 30 November 2024
Unaudited Interim results to 30 November 2024 Strong year-on-year momentum 30/11/24 30/11/23 Movement Progress £’m £’m £’m % • Total Revenue for the period £18.2m £15.7m +£2.5m +16% ✓ • Profit Before Tax £3.9m £2.7m +£1.2m +44% ✓ • PBT Margin 21% 17% n/a +4% ✓ • Consolidated Tangible Assets £69.0m £
Slide 9: A Record High Lending Book
A Record High Lending Book Fourteen quarters of lending book growth driving increased revenues and profits 215 Gross lending book (£’m) 200 185 170 Medium term strategy launched c£209m all-time 155 record high 140 125 110 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 Nov-22 Feb-23 May-23 Aug-23 Nov-23 F
Slide 10: Controlled Arrears leading to a Strengthened Balance Sheet
Controlled Arrears leading to a Strengthened Balance Sheet Arrears and Write-Offs well controlled; Net Tangible Asset grow month-on-month 15% Net Arrears: Balance Sheet and Write-offs: Consistently in the target range of c5-6% of the Lending Book Robust Balance Sheet, consistent write-offs 12% Net T
Slide 11: Funding firepower in place to meet strategic aims
Funding firepower in place to meet strategic aims Diversified and supportive funding partners Key Live Funding Lines at 30 November - £m Facility Usage Headroom Bank Overdraft 1.0 0 1.0 Block Funding lines (no non-utilisation fees) 163.5 91.6 71.9 Secured Loan Note 3.5 3.2 0.3 Back-to-back facility
Slide 12: 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 13: 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-20
Slide 14: Summary & Investment Case
Summary & Investment Case H1 Results Strategy Investment Case • Record Gross Lending Book of • Four pillars of current medium-term • Helping 1000’s of UK businesses c£209m strategy on course to be hit: thrive and survive • Record H1 Revenues of c£18.2m o Lending book growth • A growing lending book,
Slide 15: Thank You Any Questions?
Thank You Any Questions? Helping UK businesses thrive and survive
Slide 16: Appendix
Appendix Helping UK businesses thrive and survive
Slide 17: 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 18: 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 19: 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