DEMONSTRATING

Interim Results

Presentation

22 September 2020

1

INTRODUCTION

Contents

  1. Interim results overview
  2. COVID-19impact and response
  3. Financial results
  4. Trading review
  5. Technology investments
  6. Summary and outlook

Presentation team

Caroline Brown - Chair

Caroline became Chair in January 2019 having joined the Board in December 2018.

She is a Non-Executive Director and commercially focused business leader with 20

years' main Board experience.

James Saralis - Group CFO

James Saralis is Chief Financial Officer of the

Group, which he joined in January 2018.

His responsibilities include the overall management of the finance function within the Group and liaising with the Group's investors and the banks.

2

INTERIM RESULTS OVERVIEW

  • The business remained profitable and enjoyed strong free cash flow generation
  • Group responded decisively to COVID-19 and the exit trajectory from H1 is encouraging
  • The Group has restructured and has reduced its costs
  • The Group's joint venture and wholly owned law firms continue to mature
  • Net debt is down, new banking covenants agreed and the term of the debt facility has been extended

3

H1 FINANCIAL HIGHLIGHTS

Revenue -21.7%

Underlying operating

PBT after

profit1 -43.3%

exceptional costs2

£20.2m

£3.7m

£1.8m

H1 2019: £25.8m

H1 2019: £6.5m

H1 2019: £4.6m

Underlying EPS1

Free cash flow1 +585%

Net debt at 30 June

2.1p£3.8m £18.5m

H1 2019: 7.4p

H1 2019: £0.6m

Dec 2019: £21.0m

1 Alternative performance measures are defined in note 1 to the Interim Results 2 Net of £(0.8)m of exceptional costs

4

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Disclaimer

NAHL Group plc published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 07:54:07 UTC