Nahl Group Plc · LSE:NAH
Nahl — FY2017 Earnings Presentation
18 slides from Nahl's earnings presentation, March 2018
Slide 1: NAHL Group plc Preliminary Results 2017
NAHL Group plc Preliminary Results 2017 March 2018
Slide 2: Agenda
Agenda • 2017 Group Highlights • Divisional Review • Financial Performance • Growth Strategy and Outlook • Questions • Appendices 1
Slide 3: 2017 Group Highlights
2017 Group Highlights Financial • Trading performance in line with expectations • Underlying revenue up 3.3% to £51.0m (2016: £49.4m) • As expected, underlying operating profit down 19.4% to £14.5m (2016: £18.0m) • Underlying operating profit margin 28.4% (2016 36.4%) • Cash generation at 54.8% (201
Slide 4: Divisional Review
Divisional Review NAHL
Slide 5: Personal Injury – Re-engineering of division on track
Personal Injury – Re-engineering of division on track • Revenue up by 5.4% to £31.7m, underlying operating profit down by 22% to £11.0m, in line with expectations • Change in profit principally due to investment in cases with PLFs and establishment of ABS ventures, as guided • Early indications from
Slide 6: Critical Care – continued progress and market share growth
Critical Care – continued progress and market share growth § A year of continued progress with revenue up by 6.6% to £11.0m (2016: £10.4m), though slightly softer Q4 § Operating profits up 2.5% at £3.9m (2016: £3.8m). § Division has gained market share, securing number of strategic business developm
Slide 7: Residential Property – solid performance in challenging market
Residential Property – solid performance in challenging market § Revenue down 7.5% to £8.3m (2016: £9.0m), but increased margin and reduced costs resulted in operating profits flat at £1.4m § Performance reflects difficult market conditions, impacting residential conveyancing volumes : • Low supply
Slide 8: Financial Performance
Financial Performance NAL
Slide 9: Income Statement
Income Statement Group Revenue 60 Year ended Year ended £’000 % change 31 Dec 2017 31 Dec 2016 50 3.5 2.1 9.0 8.3 40 10.4 11.0 Revenue £m 30 43.8 45.1 Personal Injury 5.5 31,660 30,011 20 30.0 31.7 10 Critical Care 6.6 11,037 10,353 0 Residential Property (7.5) 8,340 9,021 FY2014 FY2015 FY2016 FY201
Slide 10: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Robust balance sheet Investing for the future £’000 2017 2016 £’000 2017 2016 Fixed assets 267 327 Underlying operating profit 14,491 17,985 Goodwill / Intangible assets 67,579 68,836 Depreciation 301 195 Working capital 6,705 (1,157) Working capital movements (6,845) (3,
Slide 11: Dividend and EPS
Dividend and EPS Dividend Earnings per share Interim Final Total £’000 Dividend Dividend Dividend Pence 31 Dec 2017 31 Dec 2016 Dividend per share 5.3p 10.6p 15.9p Reported Basic 21.7 27.0 Total dividends £2,412k £4,888k £7,300k Reported Diluted 21.6 26.5 Share price at period end* 130.5p 165.4p 165
Slide 12: Growth Strategy & Outlook
Growth Strategy & Outlook NAL) mal Hs | aa a
Slide 13: Group Strategy – long term value creation
Group Strategy – long term value creation Creating long term sustainable growth Optimising Leveraging Developing Acquisitions for change our strengths relationships - Processing - Brand - ABS - Complementary - Technology - People - Panel - Earnings accretive - Capability - Values - Strategic partner
Slide 14: Personal Injury – building on strategic success
Personal Injury – building on strategic success • Regulatory implementation anticipated Q2 2019 Brand • Increasing investment in - Evolve the brand enquiries means further - Develop media strategy deferment of profit and - Strengthen capability cash • ABS set up costs, including capital expenditure,
Slide 15: Outlook
Outlook • Building on 2017 which was a year of continued progress and evolution • Group’s proven track record of responding to change, underlying brand strength and deep knowledge leave it well positioned to succeed in the new regulatory landscape • ABS venture learnings provide insight and confiden
Slide 16: Questions and Appendices
15 Questions and Appendices NAHL
Slide 17: NAHL Group plc – a leader in the UK legal services market
NAHL Group plc – a leader in the UK legal services market • 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 produ
Slide 18: NAHL at a glance
NAHL at a glance Twelve month share price Industry data & sector Current index FTSE AIM All-Share 250.00 230.00 Sector Media 210.00 190.00 Market capitalisation £77.96 million 170.00 150.00 Shares in issue 46.12m 130.00 110.00 Last price Free float 36.49m 90.00 Share Price Year High 198.00p 70.00 50