AF Legal Group Limited · ASX:AFL
AF Legal — Shareholder Meeting (November 2023)
10 slides from AF Legal's shareholder meeting presentation, Nov 14, 2023
Slide 1: 2023 Annual General Meeting
For personal use only 2023 ANNUAL GENERAL MEETING 14 November 2023 1
Slide 2: Company Presentation
Company Presentation For personal use only 2
Slide 3: Profitability and Revenue Trends
Profitability - NPBT ($000) Normalised NPBT attributable ($000) 2,000 1,500 - 1,000 FY20 FY21 FY22 FY23 Q1 FY24 For personal use only (2,000) 500 (4,000) - (6,000) H1 FY22 H2 FY22 H1 FY23 H2 FY23 Q1 FY24 (8,000) (500) Half Year Revenue excl. disbursements ($000) Average Weekly Revenue ($000) 12,500
Slide 4: Half Year Revenue and Average Weekly Revenue
Half Year Revenue excl. disbursements ($000) 12,500 10,054 10,000 8,827 8,615 8,369 7,500 For personal use only 6,495 5,543 ▪ Revenue of $5.5 million for Q1 FY24 continues our recent trend of strong 5,000 3,933 year-on-year top line growth with the period up by $1.1m or 25% on the prior correspondin
Slide 5: Consolidated Statement of Profit or Loss Q1 FY24
Consolidated Statement of Profit or Loss 30 Sept 30 Sept and Other Comprehensive Income 2023 2022 for the1st quarter ended 30 September 2023 $000 $000 Revenue 5,543 4,435 For personal use only Expenses Cost of sales (11) 8 ▪ NPBT attributable to the owners of the AF Legal Group Limited for Employee
Slide 6: Normalised and Phased NPBT View
$'000 Q1 FY24 Q1 FY23 FY23 H2 FY23 H1 FY23 FY22 Revenue (excl. disbursements) 5,543 4,435 18,881 10,054 8,827 16,983 Average Weekly Revenue [AWR] (excl. disbursements) 426 341 363 387 339 327 For personal use only Growth on Q1 FY23 Growth on H2 FY23 25.0% 10.3% ▪ This Normalised and correctly Growth
Slide 7: Consolidated Statement of Cash Flows
30 Sept 30 Jun Consolidated Statement of Cash Flows 2023 2023 for the1st quarter ended 30 September 2023 $'000 $'000 Cash Flows From Operating Activities For personal use only Receipts from customers 4,807 23,191 ▪ The operating cash flow for the FY23 financial year was an inflow Payments to supplie
Slide 8: Consolidated Statement of Financial Position
30 Sept 30 Jun Consolidated Statement of Financial Position 2023 2023 for the1st quarter ended 30 September 2023 $'000 $'000 ASSETS CURRENT ASSETS Cash and cash equivalents 1,738 2,052 Trade and other receivables 5,212 4,476 Right to use asset - - ▪ Net assets at $7.6m were up $0.6m on the prior yea
Slide 9: FY24 Strategic Priorities
For personal use only People-first culture New Client Activity Profitability Proven growth model ▪ Focus on onboarding, professional ▪ Follow up on the successful 2023 ▪ Return to meaningful profit levels ▪ Expand into new regions and development, continual education, launch of our “Australian in FY
Slide 10: Thank You
For personal use only Thank You 10