Slide 1: H1 23 Investor presentation
H1 23 Investor presentation February 2023 Gordon McArthur CEO Fraser McDonald CFO
Slide 2: Page 2
The information contained in this document (the "Presentation") has been prepared by Beeks Financial Cloud Group plc (the "Company"). This Presentation has not been approved by an authorised person in accordance with section 21 of the Financial Services and Markets Act 2000 and therefore it is being
Slide 3: Cloud computing services for financial markets
Cloud computing services for financial markets ∕ We consider Beeks to be one of the largest pure play cloud H1 FY23 providers in capital markets Continued Strong Growth ∕ Financial services organisations historically slow to adopt the cloud – now gaining traction ∕ We have been selected by some of t
Slide 4: Global infrastructure
Global infrastructure Based in the UK with a growing network of key global financial data centres Coming soon: further services in Toronto and, in partnership with IPC, Mexico with European expansion planned in Spain and the Nordic region. Beeks can support 400+ cross connects in the major internati
Slide 5: The evolution of Beeks Cloud
The evolution of Beeks Cloud >>> >>> >>> Client segment evolution Public Cloud ∕ We believe Beeks is well positioned to address the Cloud compute requirements of the world’s Retail VPS Broker largest capital markets and financial services organisations ∕ Beeks provide managed low-latency compute, co
Slide 6: Exchange Cloud: building pipeline
Exchange Cloud: building pipeline ∕ Exchange Cloud represents a transformative opportunity for Beeks, accelerating addressable market and market share ∕ A version of Proximity Cloud explicitly designed for global exchanges and electronic communication networks (ECNs) ∕ Launched in H2 FY 22 ∕ ICE Glo
Slide 7: Consistent Growth
Consistent Growth £25.00 M ∕ Sales growth + 35% H1 Key metrics FY20-22 Turnover PBT EBITDA ACMRR £21.30 M ∕ ACMRR + 35% to £21.3m £20.00 M ∕ + 48% growth in Underlying EBITDA £15.80 M vs prior period £15.00 M ∕ + 44% growth in PBT vs prior £11.20 M £10.40 M period £10.00 M £7.72 M ∕ Uplift in EBITDA
Slide 8: FY23 key objectives
FY23 key objectives ∕ Convert the Exchange ∕ Continue product ∕ Continue momentum ∕ See a return on Cloud and Proximity development / adding with IPC and Exchange investment Cloud pipeline feature functionality Cloud partnerships Page 8
Slide 9: Outlook
Outlook Opportunity ∕ Growing track record and compelling reference clients ∕ The majority of financial services organisations around the world are exploring how to utilise the power of the cloud ∕ Through Private Cloud, Proximity Cloud and Exchange Cloud, we have the offering to support them ∕ We h
Slide 10: Appendix
Appendix
Slide 11: Board
Board Gordon McArthur Fraser McDonald Mark Cubitt Will Meldrum Kevin Covington CEO CFO Chairman Independent NED Independent NED ∕ Founder & CEO since 2011 ∕ At Beeks since 2016 ∕ 26 years’ of PLC experience ∕ Currently SVP at S&P Global ∕ Over 30 years’ experience ∕ 20 years’ experience in the IT ∕
Slide 12: Income Statement
Income Statement 6 months to Income Statement Dec-20 Dec-21 Dec-22 (£'000) (£'000) (£'000) Turnover 5,288 7,724 10,398 CoS (1,703) (2,796) (3,132) Dep and Amort (996) (1,821) (2,748) *Gross profit 2,589 3,137 4,518 Gross Margin % 49% 41% 43% **EBITDA 1,723 2,433 3,593 EBITDA % 33% 31% 35% ^Operating
Slide 13: Cash Flow
Cash Flow 6 months to Cash flows from operating activities: DEC 20 DEC 21 DEC 22 (£'000) (£'000) (£'000) Operating cash flows before working capital (including tax paid) 1,482 2,521 3,684 Net receivables/payables/other 6 (1,273) (2,549) Net cash from operating activities 1,488 1,248 1,135 Purchase o
Slide 14: Proximity / Exchange Cloud – Change in Business Model
Proximity / Exchange Cloud – Change in Business Model ∕ Different Revenue Recognition Policy to traditional ∕ Change in % Recurring Revenue Private Cloud (Software/hardware element) – c50% ∕ Accounting only – not cash upfront on day 1 ∕ Reported separately ∕ Long term contracts with high TCV (c$1m p
Slide 15: Why its needed
Why its needed Security Business demands Location Integration Engineering support Cost ∕ Shared infrastructure ∕ Things can change in ∕ Financial organisations ∕ Integrating low latency, ∕ We believe security ∕ Monthly subscription causes problems with the financial sector very wish to deploy quickl
Slide 16: The Beeks Group
The Beeks Group ∕ We consider Beeks ∕ Celebrating over ∕ Listed on the ∕ Over 100 personnel ∕ ISO certified ∕ significantly to be one of the ten years exclusive London Stock globally expanded business largest pure play service in FS and Exchange AIM and broadened cloud provider in capital markets Ma