Team Plc · LSE:TEAM
Team — H1 2025 Earnings Presentation
18 slides from Team's earnings presentation, June 2025
Slide 1: Interim results for the six months ending 31 March 2025
Interim results for the six months ending 31 March 2025 June 2025
Slide 2: Contents
Contents 3 Summary 7 Segmental results 11 Financial results 15 Outlook and guidance 17 Investment thesis 2
Slide 3: Further progress in delivering strategic goals
Further progress in delivering strategic goals Key developments in the period 1. Strong investment performance, continuing impressive track record. UCITS funds approved and ready to launch. 2. AuA/M continues to grow and now stands at over £1.1 billion on 31 March 2025. 3. Management team in place f
Slide 4: Highlights H1 v. H1
Highlights H1 25 v. H1 24 Revenue Investment Total Advisory TEAM Intl. £5.8m £1.0m management £0.7m £4.0m revenue revenue revenue revenue +41% +0%1 +13% +65% Earnings Adjusted Profit/(loss) Adj. EBITDA (£1.8m) EPS (1.6p) £(1.8)m Dividends nil before tax -80% +54% -80% +53% AUM/A Net inflows £45m Tot
Slide 5: Continued growth in clients and AuA/M
Continued growth in clients and AuA/M 1,112 • Successful recruitment of advisors to International has driven new inflows. 916 • The imminent launch of the UCITS funds promises to have a major impact on both revenues and AuA/M. 834 • Excellent investment performance has underpinned take-up of models
Slide 6: MPS investment performance to update for March 25
MPS investment performance to update for March 25 Period to 30 Mar’25 3 month 1 year 3 year 5 year Multi Asset Growth -3.16% 1.18% 6.97% 50.57% High risk MPI High Risk -1.31% 2.93% 11.06% 51.15% Relative Return -1.85% -1.75% -4.09% -0.58% Multi Asset Balanced -0.52% 3.05% 6.43% 44.55% Medium risk MP
Slide 7: Segmental results
Segmental results TEAMpic,
Slide 8: Segmental reporting
Segmental reporting H1 FY25 6 months to March 25 Investment management Advice TEAM International Central costs Total Group Revenue 721 1,000 4,081 - 5,802 Cost of sales -182 2 -2,550 -14 -2,744 Operating expenses -771 -1,192 -1,456 -434 -3,853 Underlying LBT -232 -190 75 -448 -796 AUM/A 345 280 487
Slide 9: Segmental results
Segmental results Investment and Fund Management (“IFM”) Advice and consultancy (“A&C”) £000’s £000’s H1’24 H1’25 H1’24 H1’25 (unless otherwise stated) (unless otherwise stated) AUM (£m) 321 345 AUA (£m) 271 280 Revenue 630 721 Revenue 998 1,000 Direct costs -209 -182 Direct costs -6 2 Indirect cost
Slide 10: Segmental results
Segmental results International (“International”) Group and Consolidation (“Group”) £000’s £000’s H1’24 H1’25 H1’24 H1’25 (unless otherwise stated) (unless otherwise stated) AUM (£m) 324 487 AUM (£m) 916 1,112 Revenue 4,106 5,802 Revenue 2,477 4,081 Direct costs -1,490 -2,745 Direct costs -1,261 -2,
Slide 11: Financial results
Financtal results TEAMpI\c so,
Slide 12: P&L
P&L (£m) H1 FY24 H1 FY25 Commentary Revenue 4.1 5.8 Cost of sales -1.5 -2.7 • Revenue increased from £4.1m to £5.8m Operating expenses -4.2 -4.5 Operating profit/(loss) -1.6 -1.4 • Operating expenses increased by 5% from £4.2m to £4.5m Fair value gains on financial instruments 0.7 0.0 o Full year of
Slide 13: Balance sheet
Balance sheet £’000 FY25 FY24 Non-current assets Intangible assets 4,901 5,888 Property, plant & equipment 46 65 Other non-current assets 7,093 7,826 12,040 13,780 Current assets Trade, other receivables, and prepayments 767 880 Cash and cash equivalents 2,160 1,522 2,927 2,402 Liabilities Trade & o
Slide 14: Cash flows
- Private & confidential - Cash flows £’000 FY25 FY24 Cash flows from operating activities Loss for the year before tax (1,757) (1,012) Adjustments to cash flows from non-cash items: Depreciation and amortisation 603 576 Finance costs 170 64 Fair value (gains) on financial instruments - (670) Impair
Slide 15: Outlook and guidance
Outlook and guidance TEAMp\c ,.
Slide 16: H2'25 outlook and guidance
H2’25 outlook and guidance We are confident in TEAM Plc’s trajectory and our targets across the mid-term: - Annual revenue target: £20 million - EBITDA margin: 30%+ - AUA/AUM target: £4 billion 16
Slide 17: Investment thesis
- Private & confidential - Investment thesis 17
Slide 18: 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 capabili