Btg Consulting Plc · LSE:BTG
Btg Consulting — Begbies Traynor Group — Investor Presentation (June 2021)
22 slides from Btg Consulting's investor presentation, June 2021
Slide 1: Group overview
Group overview Ric Traynor – Executive Chairman Nick Taylor – Group Finance Director June 2021
Slide 2: Disclaimer
Disclaimer The information contained in this document and the accompanying webinar (the “Presentation”) has been prepared by, and is the sole responsibility of, Begbies Traynor Group plc (the “Company”) and is for information purposes only. This Presentation has not been approved by an authorised pe
Slide 3: A leading professional services consultancy
A leading professional services consultancy 2
Slide 4: Well placed with counter-cyclical focus
Well placed with counter-cyclical focus 19 3
Slide 5: Strong financial track record
Strong financial track record * • Revenue growth* of 14%*** from organic development and acquisitions • Progressive margin enhancement • Earnings growth** of 20%*** * • Significantly ahead of insolvency market • Development of market-leading insolvency practice • Expansion of advisory services • Buy
Slide 6: Value enhancing growth strategy
Value enhancing growth strategy To enhance shareholder value through the delivery of strong, sustainable financial performance Organic growth Acquisition strategy • Retention and development of our existing partners and • Value-accretive acquisitions in any of the following market employees segments
Slide 7: Business recovery and financial advisory
Business recovery and financial advisory 6
Slide 8: Business recovery
Business recovery • UK’s leading independent business recovery • Basis of remuneration practice • Typically on the basis of hours worked with fees paid from asset realisations • Handle the largest number of corporate appointments in the UK • In limited occasions based on a percentage of asset • c. 2
Slide 9: Financial advisory
Financial advisory • Services: • Clients: • Advisory - Debt advisory, due diligence and transaction • Businesses support, accelerated corporate finance, pensions advisory, • Legal and professional community business and financial restructuring • Banks and financial institutions • Corporate finance -
Slide 10: Business recovery and advisory – multiple growth drivers
Business recovery and advisory – multiple growth drivers • Strong market presence and reputation • Local office network gives market leadership in SME market • Strong reputation and expertise gives access to larger cases • Extensive network of national work referrers • Leading digital marketing acti
Slide 11: Property advisory and transactional services
Property advisory and transactional services 10
Slide 12: Property services
Property services • Services • Clients • Valuations • banks and financial institutions, insolvency practitioners, • valuation of property, small to medium sized businesses, commercial property owners and occupiers, property agents, machinery and business assets public sector bodies, property develop
Slide 13: Property – growing client base and referral network
Property – growing client base and referral network • Strength of referral network and client base leads to high levels of repeat business • Significant insolvency expertise CLIENT BASE AS % OF INCOME • Plant and machinery valuation and disposal Receivers and • Property – receivership, auctions and
Slide 14: Recent acquisitions
Recent acquisitions O Begbies Traynor Group 13
Slide 15: Recent acquisitions
Recent acquisitions CVR Global – Jan 21 DRP – Mar 21 • Insolvency and advisory – London, South of England and offshore • Insolvency – London and Guernsey • Significant insolvency expertise – cases sourced from professional • Long-established insolvency practice with a strong reputation intermediarie
Slide 16: Case studies
Case studies O Begbies Traynor Group 15
Slide 17: Case studies
Case studies Administration of property lender School improvement projects • £0.5bn loan book of property loans and development finance • Condition improvement fund (CIF) enables academies to bid for • Administrators worked with retained staff to collect out loan book and development finance from ce
Slide 18: Market consensus forecasts
Market consensus forecasts 17
Slide 19: Market consensus forecasts
Market consensus forecasts Year end 30 April FY20A FY21E FY22E Revenue (£m) 70.5 83.7* 101.1 Adjusted PBT (£m) 9.2 11.5* 17.5 Adjusted EPS (p) 5.7 6.8 9.2 FY20 actual results from audited consolidated accounts * FY21 revenue and adjusted PBT from full year trading update on 20 May 2021 (subject to a
Slide 20: Summary and Investment Case
Summary and Investment Case 19
Slide 21: Summary and Investment Case
Summary and Investment Case • Strong track record of cash generative, profitable growth with a well-established progressive dividend policy • AIM listed since 2004 • highly experienced board and senior management team • long-established corporate structure with separation of equity, management and f
Slide 22: Offices across the UK
Offices across the UK. www.begbies-traynorgroup.com Begbies Traynor Group plc; registered in England No: 5120043, registered office: 340 Deansgate, Manchester, M3 4LY, a member of the Begbies Traynor Group; Specialist Professional Services.
Begbies Traynor Group — Investor Presentation (June 2021) on 6ix