David Rugg Chairman and Chief Executive Officer Dan Prickett Chief Operating Officer Simon Hawkins Group Finance Director www.christiegroup.com 1
Disclaimer The information in this document is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. It is the responsibility of any person publishing or communicating the contents of this document or communication, or any part thereof, to ensure compliance with all applicable legal and regulatory requirements. The content of this document does not represent or constitute a prospectus or invitation in connection with any solicitation of capital. Nor does it constitute an offer to sell securities, a solicitation or an offer to buy or sell securities or a distribution of securities in the United States or to a U.S. person, or in any other jurisdiction where it is contrary to local law. Such person should inform themselves about and observe any applicable legal requirements. This presentation contains forward looking statements. Although Christie Group believes that the estimates and assumptions on which such statements are based are reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond Christie Group’s control. Christie Group does not make any representation or warranty that the results anticipated by such forward looking statements will be achieved and this presentation should not be relied upon as a guide to future performance. Christie Group has provided the material contained in this document for general information purposes only. Christie Group accepts no responsibility and shall not be liable for any loss whatsoever which may arise from any reliance upon the information provided in this document. 2 2019 Results Presentation
2019 Headlines David Rugg Chairman & Chief Executive 3
2019 Headlines Another year of positive performance, amidst the prevailing Brexit uncertainty. Operating profit up to £5.8m Revenue growth of 2.6% to £78.0m (2018: £76.1m) • Operating profit up by 41.3% to £5.8m (2018: £4.1m) • £5.8m operating profit includes £1.5m from sale & leaseback of office premises where • cash gain significantly exceeded the IFRS 16 profit Earnings per share improved by 36.2% to 15.30p per share (2018: 11.23p per share) • Strong performance for the PFS division with operating profit of £6.2m (2018 £5.6m) • Concluded highly successful Wyevale garden centre disposal • Poor retail stocktaking result. Business restructure commenced • Record year for the hospitality stocktaking business • Final dividend nil to give a total for the year of 1.25p per share (2018 3.0p per share) • Strong cash generation in the year and ended year with a healthy cash balance • 4 2019 Results Presentation
An Introduction to Christie Group David Rugg Chairman & Chief Executive 5
About Us A leader in the provision of professional and financial services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors Christie Group offers a portfolio of professional and • financial services for the hospitality, leisure, healthcare, medical, childcare & education and retail sectors Our focus on a limited number of sectors gives us an • unrivalled market awareness in each of these areas • We do not adopt a principal position or co-invest ‘We exist to help our We never compete with our clients • clients buy, operate, develop and sell their We operate in the sectors in which our experience • allows us to deliver intelligent solutions businesses.’ • The results: a greater understanding of our clients’ operations and a heightened ability to help them improve efficiency, enhance trading profits and increase the value of their businesses 6 2019 Results Presentation
Our Businesses Complementary specialist services classified into two divisions Professional & Financial Services (PFS) Stock & Inventory Systems & Services (SISS) Christie & Co is a leading specialist firm Orridge is Europe’s longest established providing business intelligence in the stocktaking business specialising in all fields of hospitality, leisure, healthcare, medical, retail stocktaking including high street, childcare & education and retail sectors. It warehousing & factory operations, pharmacy employs the largest teams of sector specialists and supply chain services. It also has a in the UK & Europe providing professional specialised pharmacy division providing agency, valuation and consultancy services. valuation and stocktaking services. Orridge prides itself on the speed in supplying high Christie Finance has 40 years’ experience in quality management information to its clients. financing businesses in the hospitality, leisure, healthcare, medical, childcare & education, Venners is the leading supplier of stocktaking, retail and medical sectors. Christie Finance inventory, consultancy services and related prides itself on its speed of response to client stock management systems to the hospitality opportunities and its strong relationships with sector. Bespoke software and systems enable finance providers. real-time management reporting to customers using the best available technologies. Venners With 40 years’ experience arranging business is the largest and longest established stock insurance in the hospitality, leisure, healthcare, audit company in the sector in the UK. childcare & education, retail and medical sectors, Christie Insurance is a leading Vennersys operates in the UK and delivers company in its markets. It delivers and exceeds online Cloud-based ticketing sales and clients’ expectations in terms of the cost of admission Systems to visitor attractions such as their insurance and the breadth of its cover. historic houses & estates, museums, zoos, safari parks, playcentres and cinemas. It has over 25 years’ experience delivering purpose- Pinders is the UK's leading specialist business designed solutions for clients’ ticketing, appraisal, valuation and consultancy company, admissions, EPoS and food and beverage sales providing professional services to the licensed, requirements. leisure, retail and care sectors, and also the commercial and corporate business sectors. Pinders staff use business analysis and surveying skills to look ay the detail of the businesses to arrive at accurate assessments of their trading potential and value. 7 2019 Results Presentation
Our Services Providing joined-up solutions throughout the client lifecycle Regardless of whether a client is Investment advice looking to improve, develop, invest in, acquire or dispose of a business or asset, our companies combine to provide support throughout the client lifecycle. Leveraging the synergies that arise from this collaboration within and across companies enhances both revenue generation and profit conversion . 8 2019 Results Presentation
Our Areas of Expertise We focus on a section of areas covering a wide range of property-based businesses in Hospitality, Leisure, Healthcare, Retail, Medical and Childcare & Education sectors Childcare & Childcare & Leisure Healthcare Retail Medical Hotels Public Houses Restaurants Education Investment advice Luxury hotels Freehouses Supermarkets • • Casual dining • Elderly care • • • Cinemas Pharmacies Education • • Mid-market • Health & fitness • Tenanted Convenience • • Specialist • • Fine dining • Dental • Childcare hotels • Sports clubs pubs care stores practices • Independents • Independent Bingo halls • Upscale • • Managed Private • PFS • • GP Surgeries schools • Sandwich hotels Holiday parks • houses Forecourts hospitals bars Vets Nurseries • • Budget • Golf courses • High street CTNs • • Nursing and • hotels Coffee shops • Opticians Fostering • Gaming sector • • bars residential Off licences • • Historic houses • Boutique • Tea rooms • Complimen- • Late night Supported • hotels FECs • Post offices • tary medical venues • Takeaways living Farm Attractions businesses • Aparthotels / • • Garden • Nightclubs • Funeral serviced • Visitor centres centres directors apartments • Museums & Heritage sites • Guest houses Theme parks • • B&Bs Zoos & aquariums • • Hostels Estimated Market Sizes - Europe Estimated Market Sizes - UK • 38,000 convenience stores • Over 145,000 hotels 15,000 hotels • • 7,200 health clubs (estimated 45,000 including B&Bs and lettings) 48,000 pubs 8,900 GP’s • • • 27,000 table service restaurants • 18,000 day nurseries 26,000 healthcare facilities 8,400 filling stations • • 14,000 pharmacies • • 100,000 + retail • 12,500 dental practices 2,400 independent schools • 9 2019 Results Presentation
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