Slide 1: NAHL Group plc Interim Results 2016
NAHL Group plc Interim Results 2016 21 September 2016 1
Slide 2: Agenda
Agenda • Overview • Financial Performance • Divisional Review • Growth Strategy and Outlook • Questions 2
Slide 3: Overview
Overview 3
Slide 4: H1 Highlights – Performance In Line With Expectations
H1 Highlights – Performance In Line With Expectations Highlights • Revenue up 1.3% to £25.8m (2015 H1: £25.4m) • Underlying operating profit up 24.5% to £8.8m (2015 H1: £7.0m) • Underlying operating profit margin up from 27.7% to 34.0% • Profit before tax up 17.1% to £7.5m (2015 H1: £6.4m) • Excelle
Slide 5: Financial Performance
Financial Performance 5
Slide 6: Income Statement
Income Statement Good profit growth £m Group Revenue Twelve months to 31 30 Six months to Six months to December 25 £’000 % change 30 June 2016 30 June 2015 2015 20 15 Revenue 10 Personal Injury 15,864 23,913 45,081 5 0 Conveyancing+ 4,665 1,498 3,522 H1 2014 H2 2014 H1 2015 H2 2015 H1 2016 Critical
Slide 7: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Robust balance sheet Continued excellent cash conversion Twelve Twelve months to 31 Six months to Six months to months to 31 Six months Six months to December £’000 30 June 2016 30 June 2015 Dec 2015 £’000 to June 2016 30 June 2015 2015 Total fixed assets 69,481 44,315 67
Slide 8: Dividend and EPS
Dividend and EPS Progressive dividend EPS growth Twelve Interim Interim Dividend Dividend Total Dividend months to 31 Six months to Six months to December 2016 2015 2015 Pence 30 June 2016 30 June 2015 2015 Dividend per share 6.35p 6.25p 18.75p Group Basic 13.2p 12.5p 25.6p EPS Total dividends £2,87
Slide 9: Divisional Review
Divisional Review 9
Slide 10: Personal Injury – Solid Margin Improvement
Personal Injury – Solid Margin Improvement • H1 performance as expected • Enquiries volumes deliberately reduced with focus on higher value case types • Demand stabilised • Improved margins • Division right sized for lower enquiries • Partnership strategy evolving • Brand remains the most trusted an
Slide 11: NAH – Well Placed to Adapt to Regulatory Change
NAH – Well Placed to Adapt to Regulatory Change • Nov 15 Chancellor’s Autumn Statement • Removal of general damages for “low value” RTA • Possible increase to SCL for PI claims to £5000.(currently £1000) • RTA only or claims or other areas of PI? • EU referendum causes further delays – H2 2017? • Po
Slide 12: Conveyancing – Good Organic Growth, Positive Outlook Despite Market Disruption
Conveyancing – Good Organic Growth, Positive Outlook Despite Market Disruption • Good organic revenue and profit growth • Division moves towards ‘one-stop shop’ model for B2B as well as B2C • Reduced volumes since EU referendum but now improving • Opportunities in highly fragmented sector • Changing
Slide 13: Critical Care – Strong Performance, Ahead of Plan
Critical Care – Strong Performance, Ahead of Plan • Strong contribution from division • Investment in people and strengthening / focus of business development activities • Continued investment in marketing • Continued focus on new commercial opportunities: • Develop and expand markets with simplifie
Slide 14: Growth Strategy & Outlook
Growth Strategy & Outlook 14
Slide 15: Group Strategic Priorities
Group Strategic Priorities Strategic Focus Remains Unchanged Market Panel Product and Targeted development development service acquisitions development Target higher value New and innovative Regulatory change Opportunities from cases in NAH SCL ready gives opportunity to consolidation across commerc
Slide 16: Summary & Outlook
Summary & Outlook • Results in line with expectations • Further progress with strategic diversification • Positive contributions from Critical Care and Conveyancing • Searches UK extends Conveyancing offering • NAH well positioned to respond to regulatory changes • Group operates across a number of
Slide 17: Questions
Questions 17
Slide 18: NAHL Group plc – a Broader, More Diversified Business
NAHL Group plc – a Broader, More Diversified Business • NAHL Group plc is a leading UK consumer marketing and services business focused on the UK consumer legal services market • The Group comprises three divisions: • Personal Injury via NAH which provides outsourced marketing services and products
Slide 19: NAHL At a Glance
NAHL At a Glance Twelve month share price Industry data & sector 450 400 Current index FTSE AIM All-Share 350 Sector Media 300 250 Market capitalisation £117.66 million 200 Shares in issue 45.35m 150 Last Price Free float 42.87m 100 50 Share Price Year High 420.00p 0 Share Price Year Low 189.00p Tot