Team Plc · LSE:TEAM
Team — FY2024 Earnings Presentation
12 slides from Team's earnings presentation, March 2025
Slide 1: Results for the year ended 30 Sep'24
Results for the year ended 30 Sep’24 March 2025
Slide 2: Contents
Contents 3 Highlights 4 Divisional update 8 Financial results 12 Investment thesis 2
Slide 3: Highlights
Highlights Key developments in the period Client assets (£M)1 1400 • Strong investment performance, continuing impressive track record 1161 • Passed the £1 billion AUA/M mark in the year, with over £100M now managed in 1200 1024 our model portfolios 1000 834 481 • Neba businesses acquired in Decembe
Slide 4: Divisional update
Divisional update TEAMpic ,
Slide 5: Overview & highlights
Overview & highlights Overall Investment management Advisory • Total AUM/A up 39% YOY to £1,160m (FY’23 • AUM up 12% YOY to £325m (FY’23: £289m) • AUA down 1% YOY to £355m (FY’23: £365m) £834m) • Investment performance continues to be strong • Difficult market for new client generation • Significant
Slide 6: Operations
Highlights YOY1 Revenue Investment Total Advisory TEAM Intl. £10.3m £2.0m management £1.3m £7.0m revenue revenue revenue revenue +93% -34% +39% +422% Earnings Adjusted Operating Adj. EBITDA (£1.7m) (4.9p) £(2.9)m EPS Loss +141% -58% +39% AUM/A Net inflows £209m Total AUM £325m Total AUA2 £835m Total
Slide 7: MPS investment performance
MPS investment performance Period to 30 Sept 2024 3 month 1 year 3 year 5 year Multi Asset Growth 1.25% 13.50% 10.91% 14.97% High risk MPI High Risk 2.05% 9.58% 1.76% 8.43% Out /(under) performance -0.81% 3.92% 9.16% 6.54% Multi Asset Balanced -0.12% 13.89% 13.68% 23.43% Medium risk MPI Medium Risk
Slide 8: Financial results
Financtal results TEAMpic
Slide 9: P&L
P&L Year ended 30 September Commentary (£m) FY23 FY 24 % change Revenue 5.3 10.3 101% • Revenue increased to £10.7m from £5.3m (+101%) Cost of sales -0.9 -4.5 401% driven by: Operating expenses -6.5 -8.6 39% o Increase in Investment Management Operating loss -2.1 -2.9 37% revenues to £1.3m from £1.0
Slide 10: Segmental reporting
Segmental reporting FY24 Year end 30-Sep (£m) Investment management Advice TEAM International Central costs Total Group Revenue 1.3 2.0 7.0 0.0 10.3 Cost of sales -0.4 0.0 -4.1 0.0 -4.5 Operating expenses -1.4 -2.1 -3.1 -0.8 -7.4 Underlying PBT -0.4 -0.1 -0.3 -0.8 -1.7 AUM/A 325 355 481 - 1,161 FY23
Slide 11: Cash flows and balance sheet
Cash flows and balance sheet Cash flows Balance sheet £’000 FY24 FY23 £’000 FY24 FY23 Cash flows from operating activities Non-current assets Loss for the year before tax -2,921 -443 Intangible assets 11,933 12,398 Adjustments to cash flows from non-cash items: Property, plant & equipment 630 654 De
Slide 12: TEAM investment thesis
TEAM investment thesis Exposure to blend of stable and high growth markets Jersey long term savings is very stable, while International markets offer high growth and are rich in opportunities Platform now in place, focus turns to organic growth We have built a stable investment management capability