Team Plc · LSE:TEAM
Team — FY2022 Earnings Presentation
13 slides from Team's earnings presentation, Jan 10, 2023
Slide 1: Investor presentation: Financial results to 30 September 2022
Investor presentation Financial results to 30 September 2022 10 January 2023
Slide 2: Full year highlights
Full year highlights Highlights FY22 FY21 Change • Completion of strategic acquisitions, now full set of capabilities in Jersey. Pipeline of deals strong Revenues £2.1m £1.5m + 44% • Starting to realise cost and revenue synergies, while markets have impacted on revenues Adj. EBITDA (£0.8m) (£0.8m) -
Slide 3: TEAM's progress to date
TEAM’s progress to date TEAM’s 5-point strategy Progress on our strategy 1. Acquisition driven strategy to build an offshore and TEAM had made significant progress: onshore wealth and asset management business • Completed the acquisitions of Concentric and Omega, and now at scale in financial advice
Slide 4: Where we are now
Where we are now Business overview Pro forma AUM/A breakdown Sept-22 – Now have the key services and licences = integrated wealth and £151m Investment investment business 26% management £326m – Infrastructure to improve yield/revenues per client (multiple services) 57% Fund £575m management and mana
Slide 5: Acquisition pipeline
Acquisition pipeline Priorities Targets - Teams/individuals 1. More of the same in Jersey 1. IFAs (x2) – 1 hired 2. International distribution 2. Investment manager (x2) 3. Business development (x1) – 1 hired 3. UK licence for advice and investment Targets - Businesses 1. UK wealth manager with DFM
Slide 6: Summary
Summary We have built and We are focusing on We will make We will expand our Our ambitious integrated wealth releasing cost strategic infill services to new roll out strategy manager servicing savings and acquisitions in regions – targeting will require clients in Jersey revenues synergies Jersey wh
Slide 7: Appendix
Appendix TEAM
Slide 8: TEAM's business segments
TEAM’s business segments Investment and fund Advisory and Group and consolidation £’000 Group management consultancy adjustments Revenue 1,025 1,334 (239) 2,120 Direct Cost (386) - (28) (414) Contribution 639 1,334 (267) 1,706 Indirect Costs (1,255) (847) (416) (2,518) Underlying profit before tax (
Slide 9: A differentiated strategy
A differentiated strategy – Target highly fragmented markets – Focus on higher net worth clients / businesses Plan – Offer complementary services – Keep the entrepreneurial spirit of founder businesses, while implementing suitable corporate governance standards – AIM serves as a suitable platform fo
Slide 10: Development of TEAM
Development of TEAM 2020 2021 2022 Jan Mar Jul Dec Apr Theta (TEAM AM) IPO of TEAM JCAP Omega Concentric January 2020 March 2021 July 2021 August 2022 August 2022 Private client Admission to Treasury Jersey personal Jersey personal investment trading on AIM management financial advice financial advi
Slide 11: The market and M&A opportunity
The market and M&A opportunity Attractive market – UK wealth management is a large and fragmented market with c. £2.0 trillion AUM – Jersey accounts for £600 billion of private wealth, £450 billion of funds and £1.3 trillion of custody – Many smaller DFMs are often founder-owned and managed and ther
Slide 12: Disclaimer (1/2)
Disclaimer (1/2) THIS PRESENTATION AND ITS CONTENTS ARE CONFIDENTIAL AND ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTI
Slide 13: Disclaimer (2/2)
Disclaimer (2/2) The information contained in this presentation is provided as at the date of its publication and is subject to updating, completion, revision, amendment and further verification and does not purport to contain all information that may be required to evaluate the Company and/or the P