Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — H1 2023 Earnings Presentation
17 slides from Fdm Group (holdings)'s earnings presentation, Jun 30, 2023
Slide 1: Results for the six months ended 30 June 2023
Results for the six months ended 30 June 2023
Slide 2: Financial highlights H1 2023
+18% +4% -1.9ppts. +34% vs H1-22 vs H1-22 19.8% vs H1-22 vs H1-22 179.9 26.6 16.8% 16.4% 29.8 152.8 25.0 26.0 14.4% 14.5% 134.4 140.5 131.3 20.2 22.0 24.9 22.2 21.2 20.5 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 +4.3ppts. -5% +26% 2.8 -236% v
Slide 3: Consultants and training completions
96.1% 96.1% 95.0% 94.8% 96.9% 97.3% 97.6% 97.4% 93.4% 4,905 4,703 4,602 4,033 3,846 3,924 3,656 3,841 3,580 -2% -4.2ppts. vs H1-22 vs H1-22 911 1,584 1,595 1,385 517 569 542 519 1,008 1,107 1,025 911 428 831 306 510 260 208 -77% -42% vs H1-22 vs H1-22 ppts. (percentage points) Page 3
Slide 4: Active clients and new clients by region
2,500 11% 15% 20% 20% 20% 6% 8% 2,000 8% 6% 8% 31% 1,500 33% 28% 30% 34% 1,000 UK 52% 500 44% 44% 44% 38% NA - EMEA APAC Active clients at period end New clients 11.4 10.2 9.5 426 421 200 450 409 399 180 7.5 396 395 395 160 381 371 5.9 400 140 5.2 120 4.2 4.1 350 100 3.3 57 80 40 37 41 44 28 24 30 2
Slide 5: UK and North America results
NA 2021 2022 2023 23 vs 22 23 vs 21 UK¹ 2021 2022 2023 23 vs 22 23 vs 21 Consultants 1,077 1,405 1,563 11% 45% Consultants 1,681 2,045 1,743 (15%) 4% Training Completions 264 646 299 (54%) 13% Training Completions 424 526 259 (51%) (39%) Revenue £39.8m £50.2m £70.6m 41% 77% Revenue £59.8m £68.8m £69
Slide 6: EMEA and APAC results
EMEA¹ 2021 2022 2023 23 vs 22 23 vs 21 APAC 2021 2022 2023 23 vs 22 23 vs 21 Consultants 332 295 359 22% 8% Consultants 751 958 937 (2%) 25% Training Completions 137 73 143 96% 4% Training Completions 200 339 210 (38%) 5% Revenue £14.1m £9.3m £12.2m 31% (13%) Revenue £17.6m £24.5m £27.4m 12% 56% Adj
Slide 7: Revenue and consultants by region
179.9 1,584 15% 152.8 21% 140.5 7% 134.4 16% 131.3 5% 10% 8% 13% 6% 1,008 1,025 6% 9% 911 11% 10% 39% 831 20% 9% 41% 34% 33% 23% 36% 13% 20% 30% 32% 5% 16% 26% 34% 33% 52% 45% 39% 45% 46% 49% 33% 41% 41% 28% UK NA EMEA APAC Page 7
Slide 8: Client revenue by sector
Banks 52% 55% 53% Diversified Financials 13% 13% 14% Insurance 6% 6% 7% Government 8% 6% 6% Software & IT Services 7% 5% 4% Commercial & Professional Services 2% 3% 4% Energy 3% 3% 4% Media & Entertainment 3% 2% 3% Health Care Equipment & Services 1% 1% 1% Consumer Services 1% 1% 1% Other 4% 5% 3% •
Slide 9: Former service personnel and returners
2022 2023 1,000+ former service personnel 440+ returners 14% 12% placed on-site to date placed on-site to date 2022 2023 2022 2023 27% 210 201 198 239 46% • Supporting and transitioning • Supporting and training former service personnel into individuals returning after tech and business a career bre
Slide 10: Emissions intensity and UK consultants
81 2 1 of our 2022 UK Consultants 2 Intensity ratio of: Scope 1, 2 and 3 emissions per employee (tCO2e) Page 10
Slide 11: Strategic Alliances and Partnerships
Strategic Alliances and Partnerships ae _ Microsoft servicenow aan = Es eAICNO OO Page 11
Slide 12: FDM Recognition
FDM Recognition OO BRITISH” WEST YORKSHIRE y pabstis 20 DD Page 12
Slide 13: Summary
Summary Revenue increased by 18% and PBT increased by 34% against H1 2022; as PBT increased by 4% eee After a good start to the year, market conditions weakened through Q2 and remain uncertain, disrupting some clients’ buying patterns Consultants assigned to clients closed 2% lower against H1 2022 a
Slide 14: Income statement
Six months Six months to June to June 2023 2022 £'000 £'000 Revenue 179,888 152,805 Cost of sales (96,278) (79,148) Gross profit 83,610 73,657 Administrative expenses (54,307) (51,320) Operating profit 29,303 22,337 Finance income 709 148 Finance expense (243) (287) Net finance costs 466 (139) Profi
Slide 15: Balance sheet
30 June 30 June 2023 2022 £'000 £'000 Non-current assets Right-of-use assets 7,897 10,107 Property, plant and equipment 3,399 3,944 Intangible assets 19,552 19,629 Deferred income tax assets 951 2,437 31,799 36,117 Current assets Trade and other receivables 53,339 50,306 Cash and cash equivalents 38
Slide 16: Cash flow statement
Six Six months months to June to June 2023 2022 £'000 £'000 Cash flows generated from operations 24,348 16,825 Interest received 709 148 Income tax paid (7,127) (7,723) Net cash flow from operating activities 17,930 9,250 Cash flows from investing activities Acquisition of property, plant and equipm
Slide 17: Forward-looking statements
Forward-looking statements This report contain statements which constitute “forward-looking statements”. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable at the time they were made, it can give no assurance that these expectations will pr