Slide 1: Northcoders Group plc 2022 Full Year Results
0 Northcoders Group PLC 2022 Full Year Results Northcoders Group plc 2022 Full Year Results 25 April 2023 northcodersgroup.com
Slide 2: The Northcoders Team
1 Northcoders Group PLC 2022 Full Year Results The Northcoders Team Presentation Team Other Board Members Amul Batra Joined 2016 Chief Partnerships Officer Chris Hill Charlotte Prior Joined 2018 Founder & Chief Executive Officer Chief Financial Officer Nick Parker Joined 2021 Angela Williams Joined
Slide 3: FY 2022 Highlights
2 Northcoders Group PLC 2022 Full Year Results FY 2022 Highlights Financial • Group revenue up 86% to £5.6 million in FY 2022 (FY21: £3.0 million) • Gross profit increased 82% to £3.9 million (FY21: £2.2 million) with a gross margin of 70% • Significant 152% increase adjusted EBITDA of £0.9 million
Slide 4: Business Overview & Growth Opportunities
3 Northcoders Group PLC 2022 Full Year Results Business Overview & Growth Opportunities
Slide 5: Business Overview
4 Northcoders Group PLC 2022 Full Year Results Business Overview We have built up a network of 400+ Founded in December 2015, our mission is corporate hiring partners • Market responding well to our offering during the current economic climate. to close the digital skills gap whilst creating life ch
Slide 6: Business Overview: Training Bootcamps and Business Solutions
5 Northcoders Group PLC 2022 Full Year Results Business Overview Training Business Bootcamps Solutions Software Data Engineering Cloud Engineering Consultancy Corporate Academies Development
Slide 7: Business model - Revenue streams: Training Bootcamps
6 Northcoders Group PLC 2022 Full Year Results Business model - Revenue streams Training Bootcamps • 13-week intense bootcamp, online with in-person tutor support • Entry exam and pre-course support • Job ready on completion • 93% placement rate • Year on year starting salary increase • Multiple fun
Slide 8: Northcoders Training Bootcamps
7 Northcoders Group PLC 2022 Full Year Results Northcoders Training Bootcamps Software Data Cloud Development Engineering Engineering Career Train Onboard Apply
Slide 9: Business model - Revenue streams: Business Solutions
8 Northcoders Northcoders Group Group PLCPLC 2022Full 2022 FullYear Year Results Results Business model - Revenue streams Business Solutions • Provides corporates with bespoke, in house training programmes • Off the shelf masterclass training programmes • Innovative teams as a service model • Hire t
Slide 10: Northcoders Business Solutions
9 Northcoders Group PLC 2022 Full Year Results Northcoders Business Solutions Technology Consultancy 400+ hiring partner network Incubate Accelerate Enhance Launch
Slide 11: Northcoders Business Solutions Academy Products
10 Northcoders Group PLC 2022 Full Year Results Northcoders Business Solutions Academy Products Graduate Bespoke Recruitment Training Programs Services
Slide 12: Competitive Landscape
11 Northcoders Group PLC 2022 Full Year Results Competitive Landscape Coding Specialist Specialist Digital training Large Technology Consultants Bootcamps “Hire Train Deploy” Services providers “Brick & Mortar” Universities Recruitment Firms “The onboarding academy is a real “Northcoders help us wit
Slide 13: Significant and growing market
12 Northcoders Northcoders Group Group PLCPLC 2022Full 2022 FullYear Year Results Results Significant and growing market Growing shortage of coding skills Government allocate £1.5bn to skills Need for coding skills permeating increasingly apparent bootcamps many sectors and not only the technology s
Slide 14: Financial Review
13 Northcoders Group PLC 2022 Full Year Results Financial Review northcodersgroup.com
Slide 15: Financial Performance to Date
14 Northcoders Group PLC 2022 Full Year Results Financial Performance to Date Cash balance at 31/12/2022 £2,777,273 EBITDA Movement Revenue £1,000,000 £6,000,000 £800,000 £5,000,000 £600,000 £4,000,000 Revenue £400,000 EBITDA £3,000,000 £200,000 £2,000,000 £0 2019 2020 2021 2022 £1,000,000 (£200,000
Slide 16: Income statement
15 Northcoders Group PLC 2022 Full Year Results Income statement Year ended Year ended 31 December 2022 31 December 2021 £ £ Revenue 5,598,863 3,010,357 Gross profit 3,941,925 2,161,965 Gross margin 70% 67% Adjusted EBITDA* 907,633 359,475 Operating (loss)/profit 447,338 (429,802) Profit/(loss) befo
Slide 17: Statement of cash flows
16 Northcoders Group PLC 2022 Full Year Results Statement of cash flows Year ended Year ended 31 December 2022 31 December 2021 £ £ Cash flows from operating activities: 907,633 (29,456) Changes in working capital: (Increase)/decrease in trade & other receivables (1,435,445) (1,117,345) Increase/ (D
Slide 18: Statement of financial position
17 Northcoders Group PLC 2022 Full Year Results Statement of financial position 31 December 2022 31 December 2021 £ £ Non current assets 1,619,409 1,276,488 Current assets 5,716,514 3,123,832 Total assets 7,335,923 4,400,320 Current Liabilities (1,258,424) (889,524) Net current assets/(liabilities)
Slide 19: Delivering results
18 Northcoders Group PLC 2022 Full Year Results Delivering results • Northcoders received 8,470 applications in 2022 (FY21: 3,662 applications) • The teaching team grew by 28% in the period from 47 to 60 • 39% of students taught in the year were non-university educated • The average starting salary
Slide 20: Outlook
19 Northcoders Group PLC 2022 Full Year Results Outlook northcodersgroup.com
Slide 21: Northcoders Growth Plan
20 Northcoders Northcoders Group Group PLCPLC 2022Full 2022 FullYear Year Results Results Northcoders Growth Plan Platform to exploit increasing demand and achieve significant growth Roll-out of further training courses Be the corporate choice for graduate supported by a scalable hybrid delivery aca
Slide 22: Summary & Outlook
21 Northcoders Group PLC 2022 Full Year Results Summary & Outlook • Trading to date in line with management expectations • Application momentum continuing into 2023 with 3,714 applications received in Q1 2023, our highest quarter to date • Well positioned with contracted bookings for FY23 of £6.1m a
Slide 23: Acquisition of Tech Returners Feb 2023
22 Northcoders Northcoders Group Group PLCPLC 2022Full 2022 FullYear Year Results Results Acquisition of Tech Returners Feb 2023 • Who are they? • What do they do • Benefits of having them in the group
Slide 24: Thank You… Any Questions?
23 Northcoders Group PLC 2022 Full Year Results Thank You… Any Questions?
Slide 25: Disclaimer
24 Northcoders Group Northcoders PLC AIM2022 Proposed IPO Full Year Results Disclaimer Disclaimer This content of information contained in these slides and the accompanying presentation comprises an institutional presentation (the Presentation) which has been prepared by and is the sole responsibili
Slide 26: Appendix: Team Biographies
25 Northcoders Group PLC 2022 Full Year Results Appendix: Team Biographies
Slide 27: Directors
26 Northcoders Group PLC 2022 Full Year Results Directors Chris Hill Amul Batra Charlotte Prior Angela Williams Nick Parker – A Founder & Chief – Chief Partnerships – Chief Financial Officer – Non-Executive Chair – Non-Executive Director Executive Officer Officer Chris founded Northcoders in 2016 Pr
Slide 28: Senior Management Team
27 Northcoders Group PLC 2022 Full Year Results Senior Management Team Sam Caine Lisa Claydon - Chief Operational Officer - MD of Apprenticeships Sam joined as a tutor/lecturer in May Lisa is a target-oriented service 2017. As Northcoders has grown, Sam industry Manager with over 14 years has been r
Slide 29: Graduate Data Analysis
28 Northcoders Group PLC 2022 Full Year Results Graduate Data Analysis A survey of Northcoders’ graduates was conducted in September 2020. Over 300 Northcoders responded providing feedback on their industry. This showed: Coding Language Graduate Salary Moved jobs at least once Still in first job Jav
Slide 30: Testimonials
29 Northcoders Group PLC 2022 Full Year Results Testimonials Abi Hart Krishan Tanna Head of talent acquisition Finance Executive to Software Engineer, BJSS “The quality of teaching, standards and the level of technical “Simply put - the best learning experience I knowledge at Northcoders is fantasti