Af Legal Group Limited · ASX:AFL
Af Legal — H1 FY2025 Earnings Presentation
12 slides from Af Legal's earnings presentation, Feb 27, 2025
Slide 1: H1 FY25 – Results Investor Presentation
For personal use only H1 FY25 – Results Investor Presentation 27 February 2025 1
Slide 2: H1 FY25 Highlights
H1 FY25 Highlights ▪ Revenue growth of 16% on prior year, with H1 FY25 average weekly revenue of $489k per week representing a new half year For personal use only record high, with Q2 FY25 achieving an all-time high with average weekly revenue of $494k ▪ Profitable growth continues: ▪ Normalised NPB
Slide 3: Revenue growth continues, as does profitability
For personal use only Revenue growth continues, as does profitability Highest ever half Average Weekly Profitability trend year revenue Revenue continues to lift highest ever result H1 FY25 is 72% of full year FY24 3
Slide 4: Revenue continues to hit new highs
Revenue continues to hit new highs ▪ Revenue of $12.7 million for H1 FY25 represents our highest ever half-yearly revenue with the period up by $2.0 million or 19% on the prior corresponding period of H1 For personal use only FY24 (pcp) ▪ Up 16% on the previous high achieved in the previous half (H2
Slide 5: Statement of Profit or Loss
Statement of Profit or Loss Consolidated Statement of Profit or Loss and Other Comprehensive Income For the half-year ended 31 December 2024 31-Dec-24 31-Dec-23 $'000 $'000 For personal use only Revenue 12,706 10,713 Expenses Cost of sales 1 3 ▪ Profit is best viewed from a normalised point of view,
Slide 6: Stronger H1 profit, with expectations for an even stronger H2
Stronger H1 profit, with expectations for an even stronger H2 ▪ Normalised NPBT attributable to the owners of AF Legal For personal use only $'000 H1 FY25 FY24 H2 FY24 H1 FY24 FY23 FY22 FY21 Revenue* 12,706 21,661 10,951 10,710 18,881 16,983 11,009 Group for H1 FY25 was a profit of $561k, 10% increa
Slide 7: Our profitable growth turnaround continues
Our profitable growth turnaround continues ▪ Normalised NPBT attributable to owners of AFL Group over For personal use only the past 2 years months has totalled $2.0 million ▪ This represents a significant lift over the preceding two and a half years which produced a loss of ($0.4 million) ▪ Histori
Slide 8: Balance Sheet H1 movements
Balance Sheet H1 movements Consolidated Statement of Financial Position As at 31 December 2024 31-Dec-24 30-Jun-24 Movement Movement ▪ Net Total assets at $10.3 million increased by $0.3 million (30 June $'000 $'000 $'000 % ASSETS For personal use only CURRENT ASSETS Cash and cash equivalents 3,313
Slide 9: Strong Operating Cash Flow with favourable timing flows
Strong Operating Cash Flow with favourable timing flows Consolidated Statement of Cash Flows For the half-year ended 31 December 2024 31-Dec-24 31-Dec-23 FY24 $'000 $'000 $'000 ▪ Operating cash flow for H1 FY25 the strong inflow trend of $3.0 million* For personal use only Cash Flows from Operating
Slide 10: Focus and Outlook
Focus and Outlook For personal use only People-first culture New Client Activity Profitability Proven growth model ▪ GPTW lift to 84% in 2024 (2023: ▪ Sponsorship & Executive Producer ▪ Improving Profitability trend ▪ Expand into new regions and 53%) of Millie Vs – The Film created by continued in H
Slide 11: Our Growth Strategy
Our Growth Strategy Better leverage our cost base by adding revenue and gross margin with minimal incremental overhead costs such that our bottom-line profitability grows at a disproportionately higher rate Family Law - ▪ Growing existing Family Law (FL) practices through team ▪ 4 previously service
Slide 12: Thank You
For personal use only Thank You 12