DEMONSTRATING
Interim Results
Presentation
22 September 2020
1
INTRODUCTION
Contents
- Interim results overview
- COVID-19impact and response
- Financial results
- Trading review
- Technology investments
- 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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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