Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — H1 2018 Earnings Presentation
16 slides from Fdm Group (holdings)'s earnings presentation, 2018
Slide 1: Results for the six months ended 30 June 2018
FDM Group (Holdings) plc Results for the six months ended 30 June 2018 Rod Flavell - CEO Mike McLaren - CFO
Slide 2: Operational highlights for the six months ended 30 June 2018
Operational highlights for the six months ended 30 June 2018 Mounties on Client Site New Clients (at week 26) +9% 3,416 +16% 2,947 2018 38 2,452 +5% (CAGR) +23% 2017 35 1,831 (CAGR) 2016 25 2015 33 2015 2016 2017 2018 Utilisation Training Completions +0.5ppts. +30% 2018 965 97.8% 97.5% 97.2% +20% 96
Slide 3: Financial highlights for the six months ended 30 June 2018
Financial highlights for the six months ended 30 June 2018 Mountie Revenue (£m) Adjusted Operating Profit (£m) Closing Cash (£m) +14% +12% 2018 25.0 +2% 2018 29.8 +27% +23% +30% (CAGR) (CAGR) 2017 22.4 2017 29.3 (CAGR) 2016 16.6 2016 19.1 2015 13.5 2015 13.6 114.6 100.8 Adjusted Basic Earnings per S
Slide 4: Geographic Review
Geographic Review UK & Ireland 2018 2017 North America 2018 2017 Revenue £64.1m £66.3m -3% Revenue £38.4m £37.7m +2% Mountie revenue £61.4m £51.0m +20% Mountie revenue £38.1m £36.9m +3% Mounties on client sites 1,847 1,641 +13% Mounties on client sites 1,033 892 +16% Adjusted operating profit £18.2m
Slide 5: Regional Distribution
Regional Distribution In addition to increasing our training capacity by 8%, we have expanded our geographical footprint through pop-up training Academies Mountie Revenue Regional Distribution Permanent Academy Capacity £115m 828 7% 768 £101m 6% 710 6% 6% £77m 33% 522 4% 8% 37% £55m 31% 3% 9% 25% 54
Slide 6: Mountie Headcount
Mountie Headcount More than doubling of Getting Back to Business headcount and Ex-Forces growth over 20% 1.2% 2.1% Industries 2018 2017 8.0% Banking - Investment 38% 37% 8.4% Financial Services 11% 13% Government 9% 9% Banking - Retail 9% 11% Banking - Corporate 5% 4% Insurance 5% 3% 90.8% 89.5% Jun
Slide 7: Top Clients by Headcount
Top Clients by Headcount Continued headcount growth at government clients which has increased by 25% 2,500 2,000 1,500 1,000 500 - Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Home Office DWP Other Government HSBC RBC BNP Fannie Mae Barclays TD Morgan Stanley Bank of America Aviva
Slide 8: Service Divisions by Headcount
Service Divisions by Headcount Sustained growth across our existing service divisions and RPA established as a new service offering 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Development PMO ITSM Testing Business Analysis Data and O
Slide 9: The Market
The Market FDM is a market leader and our robust business model places us well to fulfil growing market demand for tech talent across the globe 75% of the global workforce will consist of millennials by 2025 160+ UK Universities (FDM recruited from c.100 of these in 2018) Supply 4,000+ US and CA uni
Slide 10: Our Inclusive Strategy
Our Inclusive Strategy FDM’s inclusive recruitment process enables us to attract a wide pool of talent We are degree agnostic We provide unconscious bias We use strengths-based training for interviewing questions during interviews The Mentoring Programme We celebrate our people’s achievements suppor
Slide 11: CSR & Inclusivity
CSR & Inclusivity At FDM, diversity and inclusion starts at the top. It is engrained into the FDM culture and championed by the leadership team Nationalities Gender Ethnicity Median Pay Gap 75+ ~50% 46%* 0.0% 81 nationalities working of the FDM Management were from a BAME** UK business reported a 0.
Slide 12: Recognition 2018
Recognition 2018 UK Stock Market Awards – Megabuyte Quoted25 – Best Employer of the Year and Growth Company of the Year Performing Company, Consulting Woman of the Year and Systems Integration (FDM COO) Top 1000 Companies A Military Times Best for The Guardian UK 300 Management Today Agents Worldwid
Slide 13: Summary
Summary Financial Healthy balance Mountie revenue Adjusted operating Adjusted basic sheet with £29.8m 2018 Interim dividend up 14% profit up 12% EPS up 15% cash balance 14.5p declared (2017: £29.3m) Operational Geographical Strong client expansion with a Ex-Forces and Getting acquisition across the
Slide 14: Income Statement
Income Statement for the six months ended 30 June 2018 Six months Six months to 30 June to 30 June 2018 2017 (Unaudited) (Unaudited) £'000 £'000 Revenue 117,827 117,098 Cost of sales (60,095) (66,367) Gross profit 57,732 50,731 Administrative expenses (34,757) (30,048) Operating profit 22,975 20,683
Slide 15: Statement of Financial Position
Statement of Financial Position as at 30 June 2018 30 June 30 June 2018 2017 (Unaudited) (Unaudited) £000 £000 Non-current assets Property, plant and equipment 5,261 5,271 Intangible assets 19,322 19,320 Deferred income tax assets 2,991 1,486 27,574 26,077 Current assets Trade and other receivables
Slide 16: Statement of Cash Flows
Statement of Cash Flows for the six months ended 30 June 2018 Six months Six months to 30 June to 30 June 2018 2017 (Unaudited) (Unaudited) £'000 £'000 Cash flows generated from operations 17,566 19,962 Interest received 63 12 Income tax paid (5,464) (6,300) Net cash flow from operating activities 1