PROPERTY FRANCHISE GROUP PLC (THE) (TPFG) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the PROPERTY FRANCHISE GROUP PLC investor presentation. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Gareth Samples. Good afternoon to you. Good afternoon, Alex, and and thanks for that. Good afternoon, everybody. Delighted to be able to present to you today our full year results for 2023 and and give a little bit more color about our recent merger with the BELLOWA Group PLC, which I'm sure everybody's interested in. Just for some sort of context, the property franchise group is The UK's largest multi brand property franchisor, and we're gonna touch on some of the sort of key components of the group during this presentation. In in terms of, you know, the size of the business, there's some numbers down the left hand side that David will cover off a little bit later. But t p t TPFG, as I've said, is The UK's largest property franchisor. We are most of our income comes from lettings. About two thirds of our MSF comes from lettings. We also do a state agency financial services and conveyancing. The business was established in 1986, and it's grown both organically and through acquisition. It's now a national business throughout The UK. We operate now through 15 unique property brands with over 910 franchised outlets. In terms of, you know, our income streams, they're resilient. They're recurring. I think the numbers 2023 really demonstrate that with, as I say, lettings at the core of our business. But we also believe ther...