Time Finance Plc · LSE:TIME
Time Finance — 1pm — Shareholder Meeting (August 2012)
8 slides from Time Finance's shareholder meeting presentation, August 2012
Slide 1: AGM Presentation August 2012
AGM Presentation August 2012 AIM Code OPM Maria Hampton Managing Director Helen Walker Finance Director
Slide 2: Disclaimer
Disclaimer This presentation ("Presentation") has been prepared by 1pm 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 as perso
Slide 3: Financials – Profit and Loss
Financials – Profit and Loss Years ended 31 May FY FY % Change 2012 2011 £’000 £’000 Revenue 2,311 1,906 21% Cost of sales (1,275) (1,122) (14%) Bad Debts and provision (182) (188) 3% Gross Profit 1,035 784 32% Admin Expenses (577) (555) (4%) Operating Profit 459 229 100% Finance Costs (23) (26) 12%
Slide 4: Financials – Balance Sheet
Financials – Balance Sheet Years ended 31 May FY FY % Change 2012 2011 £’000 £’000 Non current assets 63 142 (56%) Current assets 10,117 9,289 9% Total assets 10,180 9,432 8% Total equity 3,961 3,532 12% Total liabilities 6,219 5,900 (5%) Total equity & liabilities 10,180 9,432 8% 4
Slide 5: Financials - Book Value v Block Funding
Financials - Book Value v Block Funding Book Value v Block Funding Book Value Block Funding 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 Proportion of new business funded by block discount debt decreasing; Due partly to previous equity fund raisings and partly to surplus cash gene
Slide 6: Financials – Debtor Analyses
Financials – Debtor Analyses 1pm Debtor Analyses 2010-2012 12,050,000 10,050,000 8,050,000 6,050,000 4,050,000 2,050,000 50,000 May-10 May-11 May-12 Current Debtors Debtors in arrears Lease book has nearly doubled in value since May 2010 whilst tight credit controls have resulted in arrears remainin
Slide 7: Summary
Summary • 1PM is an independent lessor and is financed by a mixture of debt, equity and surplus cash generated by day to day trading • The Company will consider lending to SMEs from any sector • All borrowing and lending is done at a fixed rate • Strict underwriting approach and strong arrears manag
Slide 8: Outlook
Outlook • Positive Trading momentum has continued into new financial year • Increased sales from recent new business initiatives encouraging : o Maximum advance for established businesses increased from £30,000 to £50,000 o Asset range widened o Geographical expansion into Northern Ireland market •