Property Franchise Group Plc · LSE:TPFG
Property Franchise — The Property Franchise Group — H1 2025 Earnings Presentation
28 slides from Property Franchise's earnings presentation, September 2025
Slide 1: Half Year Results 2025
Half Year Results 2025 Record first half performance
Slide 2: Agenda
Agenda 1. Highlights 2. Financial Review 3. Strategy 4. Summary & Outlook 5. Q&A Interim Results 2025 2
Slide 3: Presentation team
Financial Review Copy Here Presentation team Gareth Samples Ben Dodds Chief Executive Officer Chief Financial Officer Interim Results 2025 3
Slide 4: The UK's largest multi-brand property franchisor
The UK’s largest multi-brand property franchisor FTSE AIM 100 Company with a mkt cap of c£357m (09-Sep-25) Proven multi brand franchise model Diversified revenue streams and 47% high levels of recurring revenue recurring revenue 18 unique brands Strong cash generation £13.2m Cash from operations UK
Slide 5: The Group
The Group Growth driven from three principal divisions Franchising Financial Services Licensing Network of independent Advisers earning commission Network of independent businesses operating under on mortgages and businesses operating under our Brands, Procedures and protection products through our
Slide 6: H1 Key Highlights
H1 Key Highlights 1 2 Revenue 3 £40.3m +50% 47% Record half with recurring income Adjusted EBITDA significant financial and operational progress £15.7m +65% £13.2m cash generated from Interim dividend up operations 17% 4 5 6 Further acquisition Launch of Privilege Accelerated investment synergies of
Slide 7: Financial Review
Financial Review Copy Here Financial Review Interim Results 2025 7
Slide 8: H1 Financial Highlights
H1 Financial Highlights Financial KPIs have significantly improved over the previous year Revenue % Recurring Revenue Adjusted PBT Interim dividend £40.3m 47% £14.5m 7p +50% YoY -8% YoY +59% YoY +17% YoY H1 2024: £26.9m 2023: H1 £11.2m 2024: 55% H1 2024: £9.1m H1 2024: 6.0p (Net Debt)/Net Cash Lever
Slide 9: Revenue/Profitability Split
Revenue/Profitability Split The franchising division continues to deliver the highest proportion of profitability Revenue Adj Operating Profit* £40.3m £16.5m Financial Financial Franchising Licensing Franchising Licensing Services Services £21.8m £12.2m £6.3m £12.8m £1.9m £1.8m (54%) (30%) (16%) (77
Slide 10: Franchising
Franchising Lettings MSF continues to make up nearly half of all +22% franchising income. Supporting the robust recurring revenue % £2m £3m Business Model £3m £4m £18m £8m £22m £10m Franchisees offer Lettings, Sales and Financial Services to their clients, with a core focus on Lettings We earn Manag
Slide 11: Financial Services
Financial Services Revenue Our Financial Services business has grown significantly with the acquisition of Brook through Belvoir Group +54% Business Model A network of leading UK mortgage intermediaries £4m £5m operating under Brook Financial “Brook” and The £8m £12m £9m Mortgage Genie. We earn comm
Slide 12: Licensing
Licensing The acquisition of GPEA adds a licensing division, where a regular recurring monthly fee is paid in return for use of +514% the Brands Business Model £0.5m £3m £1m £6m £9m £0.5m £3m Premium brand Membership organisation operating in the UK for 800 Independent and Internationally Estate Age
Slide 13: Cash
Cash Cash flow continues to be strong and has increased to 13.5p per share compared to 8.1p in H1 2024 Cash at 31st December 2024 £4.2m Cash from operations £13.2m Tax and Interest Paid (£4.8m) H1 Cash generated from operations GPEA Deferred Consideration (£3.65m) £13.2m £3.7m H1 2024 Net Borrowing
Slide 14: Capital Allocation
Capital Allocation The Group continues to deliver on its capital allocation strategy Financial • Pay down debt 1 Resilience • Maintain appropriate cash reserves Organic • Strategic spend to support synergy growth 2 Growth • Support acquisitions programme • Invest in cost saving programmes Investment
Slide 15: Consistent Delivery
Consistent Delivery The Group has delivered consistent growth in Adj PBT, EPS and Dividend over the last 10 years Dividend CAGR EPS CAGR 16% 15% 3Yr Cash Generation* Adj PBT CAGR 27% £64m *Proforma operating cash generation of TPFG, Belvoir and GPEA from 2021 to 2023 Interim Results 2025 1615
Slide 16: Strategy
Strategy Financial Review Copy Here Copy Here Strategy 16 Interim Results 2025
Slide 17: Market Update
Market Update Well positioned to navigate changing market dynamics and capitalise upon opportunities Sales Financial Services Lettings • Reduced mortgage rates and • Increased sales activity driving • Landlord attrition and slower changes to stamp duty threshold mortgage volumes pace of new lettings
Slide 18: Navigating the Renters' Rights Bill
Navigating the Renters’ Rights Bill Initiatives in place to mitigate the impact of the Bill and realise the opportunities arising from it Engaging self-managed landlords through a series of local events Privilege programme • Launched in H2 • New lettings-focused offerings leveraging the scale Renewa
Slide 19: Growth Strategy
Growth Strategy FY 2025 H1 progress Lettings Landlord attrition and slower pace of lettings Launch rent guarantee product and funding deal Increase our market penetration and keep lettings portfolio acquisitions mitigated through launch of to support franchisee acquisitions. at our core Privilege. F
Slide 20: Summary & Outlook
Strategy Financial Review Copy Here Copy Here Summary & Outlook 20 Interim Results 2025
Slide 21: Summary & Outlook
Summary & Outlook 1 2 3 4 Acquired businesses Proven track record Privilege programme Cognisant of Autumn successfully integrated of growth and strong expected to create budget impact into the Group balance sheet growth opportunities 5 6 7 AI initiatives to Strong senior Full year trading drive impr
Slide 22: Q&A
Strategy Financial Review Copy Here Copy Here Q&A Interim Results 2025 22
Slide 23: Appendix
Strategy Financial Review Copy Here Copy Here Appendix Interim Results 2025 23
Slide 24: Business Structure
Business Structure Following the acquisitions the business has been structured into three principal divisions Franchising Financial services Licensing The largest Franchise business in the UK Significantly strengthened Financial Services division New Licensing division Revenue £21.8m (HY25) £12.2m (
Slide 25: Transformational Acquisitions
Transformational Acquisitions Two major acquisitions completed in 2024 which transformed the scale of the Group TPFG Belvoir Group GPEA £27.3m £34.2m £13m 2023 Total Revenue 2023 Total Revenue 2023 Total Revenue £11.2m £11.0m £3m 2023 Adjusted Profit 2023 Adjusted Profit 2023 Adjusted Profit Before
Slide 26: Profit & Loss Summary
Profit & Loss Summary Revenue +50% to £40.3m Gross Profit +48% to £26.6m Operating Profit +130% to £11.3m Profit before Tax +152% to £12.2m Earnings +155% to £9.4m Interim Results 2025 26
Slide 27: Balance Sheet Summary
Balance Sheet Summary Net (Debt)/Net Cash £10.9m after paying remaining deferred consideration on GPEA acquisition. Net Assets +1% from Dec-24 to £206m Interim Results 2025 27
Slide 28: The Board
The Board Interim Results 2025 28
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