20 February 2024
Franchise Brands PLC
("Franchise Brands", the "Group" or the "Company")
Capital Markets Day
Franchise Brands plc (AIM: FRAN), an international multi-brand franchise business, is hosting a Capital Markets Day at 2.30pm today, where it will set out the Group's growth journey so far, growth potential, medium-term strategic model and financial targets for 2027.
The event will be hosted by Stephen Hemsley, Executive Chairman, and will include presentations from the Group's leadership team as follows:
- Unlocking the Group's potential - Stephen Hemsley, Executive Chairman;
- How the Maximum Potential Model drives business growth, with presentations as follows:
o Pirtek - Chris Stuckey, divisional CEO
o Water & Waste Services - Peter Molloy, divisional CEO
o Filta International - Jason Sayers, divisional CEO
o B2C Division - Tim Harris, divisional Managing Director
o The Growth Summit - Julia Choudhury, Corporate Development Director
- The digital transformation of the business - Colin Rees, Chief Information Officer
- How marketing supports the Maximum Potential Model - Robin Auld, Group Marketing Director;
- Strategic targets and de-gearing - Mark Fryer, Chief Financial Officer; and
- The investment case - Stephen Hemsley, Executive Chairman.
In the presentations, the Group will set out details of its growth potential and medium-term strategic model including that:
- the next three years will focus on integration, organic growth and deleveraging;
- the Group's Maximum Potential Model shows significant opportunities for growth given the current small share of large, fragmented markets;
- the strategic model underscores the Group's medium-term ambitions, which targets system sales of £600m and adjusted EBITDA of £60m in 2027;
- operational gearing will be a significant growth driver, enabled by technology, and will underpin the path to 10%+ adjusted EBITDA margins; and
- the Group will use cash flow from its highly cash generative businesses to de-gear and anticipates being in a net cash position in 2027.
The presentation materials and a webcast of the event will be made available shortly after the event on the Company's website www.franchisebrands.co.uk
Enquiries:
| Franchise Brands plc | + 44 (0) 1625 813231 |
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| Stephen Hemsley, Executive Chairman |
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| Mark Fryer, Chief Financial Officer |
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| Julia Choudhury, Corporate Development Director |
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| Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3328 5656 |
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| Jeremy Porter / Liz Kirchner (Corporate Finance) Amrit Nahal / Joscelin Pinnington (Sales & Corporate Broking) |
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| Dowgate Capital Limited (Joint Broker) | +44 (0) 20 3903 7715 |
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| James Serjeant / Russell Cook / Nicholas Chambers |
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Stifel Nicolaus Europe Limited (Joint Broker) |
+44 (0) 20 7710 7600 |
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| Matthew Blawat / Francis North | |
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| MHP Group (Financial PR) | +44 (0) 20 3128 8100 |
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| Katie Hunt/Catherine Chapman | +44 (0) 7884 494112 |
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About Franchise Brands plc
Franchise Brands is an international, multi-brand franchisor focused on building market-leading businesses primarily via a franchise model. The Group has a combined network of over 625 franchisees across seven franchise brands in ten countries covering the UK, North America and Europe.
Franchise Brands' focus is on B2B van-based reactive and planned services. The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group's central support services, particularly technology, marketing, and finance. At the heart of Franchise Brands' business-building strategy is helping its franchisees grow their businesses: "if they grow, we grow".
Franchise Brands employs over 700 people across the Group.
For further information, visit www.franchisebrands.co.uk
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