Slide 1: Digital Compliance Transformation
SKILLCAST GROUP PLC Digital Compliance Transformation FY 2021 INVESTOR PRESENTATION May 2022
Slide 2: Legal Notice
Legal Notice This document, which comprises an investor presentation (this "Investor Presentation"), has been prepared by, and is the sole responsibility of, Skillcast Group plc (the "Company") and is solely for use at a presentation (the "Presentation") to inform the investment community regarding
Slide 3: Presentation team
Presentation team Richard Amos Vivek Dodd Chris Backhouse Chairman CEO CFO • Joined Skillcast in 2021 • Co-founded Skillcast in 2001 • Joined Skillcast as CFO in 2018 • Former CFO of 5 listed businesses • Ex-investment banker (JP Morgan) • 40+ years accountancy experience over last 20+ years (includ
Slide 4: Board of directors
Board of directors Richard Amos Vivek Dodd Catriona Razic Chris Backhouse Non-exec Chairman CEO CCO Departing CFO Richard Steele Anthony Miller Sally Tilleray Isabel Napper Incoming CFO CTO Non-exec Director Non-exec Director Audit Chair Remuneration Chair 4
Slide 5: 2021 Highlights
Overview 2021 Highlights Company Financial performance Strongly growth in recurring revenues B2B Software-as-a-Service £8.4m 2021 Revenue £1.1m 2021 Adj EBITDA (FY 2020: £7.3m) (FY 2020: £1.1m) Total revenue: £8.4m (up 15%) E-learning & Compliance Tech £7.9m Cash 2021 £5.8m ARR in Dec 2021 Non-discr
Slide 6: What our business is about
Overview What our business is about Compliance Issues Cloud-based Services Compliance Transformation • Anti-Bribery Compliance • E-learning • Anti-Money Laundering Content Libraries • Policy Attestations • Bullying and Harassment • Declarations/Disclosures • Cyber Security • Workplace Surveys Techno
Slide 7: The investment case
Overview The investment case Corporate compliance is a That is large and growing Skillcast is well positioned to thrive in resilient market … fast … Breadth and depth of Market position - delivering 01Corporate spending on regulatory $744m growing at 15-20% compliance is largely non-discretionary pr
Slide 8: Revenue streams
Revenue streams Subscriptions (Recurring) Professional Services (Non-Recurring) Content – Off-the-shelf (OTS) course libraries to help clients fulfil their Bespoke e-learning content development regulatory compliance obligations efficiently and cost effectively Technology – Learning Management Syste
Slide 9: Subscriptions: E-learning
Subscriptions: E-learning Typical client Why do SMEs choose Skillcast? Client portfolio UK SME subscribing to our compliance • Staff compliance is critical for 700+ subscription clients course library and our managed LMS for performance and survival creating their internal white labelled • Simple, f
Slide 10: Professional services
Professional services Bespoke e-learning development Course customisation service Significant clients 50+ enterprise clients optional service for subscription clients repeat business strengthens client relationships 140 200+ projects projects c. £14,000 c. £1,400 average project value(1) average pro
Slide 11: Financials – Income statement
Track Record of Growth and Profitability Financials – Income statement Income Statement (£’000) YEARS ENDED 31.12 2020 Growth rate 2021 Growth rate Annualised Recurring Revenue (£m) 5.8 Subscriptions 4,092 11% 5,227 28% 5.1 4.5 Professional Services 3,201 4% 3,181 -1% 4.0 3.7 Total Revenue 7,293 8%
Slide 12: Financials – Balance sheet summary
Robust Financial Position with No Debt Financials – Balance sheet summary Statement of Financial Position (£’000) 2020 2021 Cash boosted by £3.5m fund raise as at 31.12 Non-current assets 387 864 Deferred income up 32%, driven by Current assets SaaS sales growth Receivables 3,474 3,799 Cash & cash e
Slide 13: Financials – Cash flow statement
Strong Track Record of Cash Generation Financials – Cash flow statement Cash flow statement (£’000) 2020 2021 Favourable working capital movement YEARS ENDED 31.12 sustained cashflow from operations and PBT 1,023 61 despite float costs Depreciation/amortisation 220 283 Share Option Reserve 0 17 Cash
Slide 14: Trading update
Well placed to deliver growth Trading update Q1 2022 Update Trading in line with expectations Q1 Client acquisition higher than Q1 2021 Year on year growth in subscriptions Material progress on talent recruitment Technology development on schedule • Migration to MS Azure • Self-service buyer journey
Slide 15: Investment summary
Resilient demand, Recurring revenues, Strong cash flows and profitability Investment summary Profitable growth in 2021 15% Revenue growth 28% Subscription growth 29% ARR growth 71% Gross margin 13% Adjusted EBITDA margin Market £3.8bn UK Online Training(1) $0.7bn Global Compliance Technology(2) $0.5
Slide 16: www.skillcast.com 80 Leadenhall St London
www.skillcast.com 80 Leadenhall St London EC3A 3DH 16