Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — FY2020 Earnings Presentation
19 slides from Fdm Group (holdings)'s earnings presentation, 2021
Slide 1: FDM Group (Holdings) plc Results for the year ended 31 December 2020
FDM Group (Holdings) plc Results for the year ended 31 December 2020 Rod Flavell - CEO Mike McLaren - CFO
Slide 2: Highlights for the year ended 31 December 2020
Highlights for the year ended 31 December 2020 Revenue (£m) Adjusted profit before tax (£m) Adjusted basic earnings per share (p) -1% 2020 267.7 -23% 2020 42.0 -26% 2020 28.8 -4% -4% +5% 2019 2019 271.5 (CAGR) 2019 54.5 (CAGR) 38.8 (CAGR) 2018 244.9 2018 51.2 2018 36.3 2017 233.6 2017 46.8 2017 32.3
Slide 3: Highlights for the year ended 31 December 2020 (operational)
Highlights for the year ended 31 December 2020 Mounties deployed New clients -9% 3,747 3,924 3,580 +52 2020 52 +4% 3,170 2019 97 (CAGR) 2018 77 2017 72 2017 2018 2019 2020 Number of active clients Training completions -9% 409 -37% 2020 1,341 -0% 376 393 371 -6% (CAGR) (CAGR) 2019 2,115 2018 2,155 20
Slide 4: Our Markets
Our Markets 2020 vs. 2020 vs. 2020 vs. 2020 vs. UK & Ireland _ 2020. 2019. 2018. 2019 2018 North America _ 2020. 2019. 2018. 2019 2018 Revenue £120m £137m £131m -12% -8% Revenue £97m £96m £82m +1% +18% Mounties deployed 1,625 1,910 2,004 -15% -19% Mounties deployed 1,086 1,277 1,196 -15% -9% Adjuste
Slide 5: Regional Distribution
Regional Distribution Pop-up training capacity was flexed in the year due to increased levels of remote working as a result of the pandemic Regional revenue distribution Academy capacity Pop-up training completions £271.5m 272 £267.7m 988 938 8% 8% £244.9m 11% 896 £233.6m 14% 6% 10% 7% 4% 8% 6% 789
Slide 6: Mountie Headcount
Mountie Headcount Banking headcount has remained resilient in the year, now accounting for over 50% of headcount 3% 3% Industries 2020 2019 Banks 52% 47% 5% 6% Diversified Financials 15% 16% Government 8% 7% Insurance 6% 7% Software & IT Services 5% 8% Energy 4% 4% 92% 91% Dec-20 Media & Entertainme
Slide 7: Regional Headcount
Regional Headcount 2,500 2,000 1,500 1,000 500 - Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 UK & I NA EMEA APAC Page 6
Slide 8: Top Clients by Headcount
Top Clients by Headcount 2,500 2,000 1,500 1,000 500 - Dec-13 Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 HSBC TD Bank RBC Deutsche Bank Fannie Mae Lloyds Shell JPMorgan Morgan Stanley DWP Manulife Sky BAML BMO BNP Barclays UBS Credit Suisse Home
Slide 9: CSR & Inclusivity
CSR & Inclusivity At FDM, diversity and inclusion starts at the top. It is ingrained into the FDM culture and championed by the leadership team Nationalities Gender Ethnicity Disability Median pay gap 81 85+ 85+ 31% ~55% 46%* 53% 1 5%* 4% 1 -2.1% -1.7% nationalities working of worldwide FDM are from
Slide 10: FDM Networks Recognition 2020
FDM Networks Launched in 2020 to provide employees with support and opportunities to enhance career development by providing a community for discussion and learning Leading, Educating and Creating an open and Empowering and Aspiring Diversity inclusive environment celebrating FDMers of network – rep
Slide 11: Employee Wellbeing
Employee Wellbeing Various employee engagement programmes were introduced during this year’s periods of lockdown to ensure that the wellbeing of our staff was monitored and safeguarded Wellbeing reach-out - we routinely call all consultants to check-in and understand their wellbeing. Wellbeing Champ
Slide 12: FDM is well set for a return to growth
FDM is well set for a return to growth A business built on strong client relationships • International presence with localised support • Extensive award winning training with the ability to tailor • Cost effective, low risk, value-adding model • Scalable capacity with option to transfer consultants
Slide 13: Summary
Summary • The resilience and agility of our business model has enabled us to deliver a solid performance in the year and to continue to deliver on our key strategic objectives despite the global COVID-19 pandemic • We transitioned to remote working with minimum notice whilst retaining complete opera
Slide 14: Bringing people and technology together
Pris} <4 Attract, train Invest in and develop leading-edge high-calibre trainin Mounties . capabilities Bringing people and technology together wS ® Grow and Expand and diversify our consolidate our client base geographic presence Page 13
Slide 15: Business Model
Business Model Our people We recruit For our clients + As employees of FDM, our Mounties are The best: We provide our clients with a first-class, trained not only to meet the requirements - Graduates flexible resource at a competitive price of our clients but to equip themselves well - Ex-Forces for
Slide 16: Income Statement
Income Statement for the year ended 31 December 2020 2020 2019 £000 £000 Revenue 267,737 271,529 Cost of sales (138,957) (139,953) Gross profit 128,780 131,576 Administrative expenses (87,040) (78,401) Operating profit 41,740 53,175 Finance income 99 194 Finance expense (815) (886) Net finance expen
Slide 17: Statement of Financial Position
Statement of Financial Position as at 31 December 2020 2020 2019 £000 £000 Non-current assets Right-of-use assets 14,774 17,832 Property, plant and equipment 5,554 6,789 Intangible assets 19,885 19,799 Deferred income tax assets 2,123 1,732 42,336 46,152 Current assets Trade and other receivables 31
Slide 18: Statement of Cash Flows
Statement of Cash Flows for the year ended 31 December 2020 2020 2019 £000 £000 Cash flows generated from operations 66,134 57,662 Interest received 99 194 Income tax paid (11,464) (11,009) Net cash flow from operating activities 54,769 46,847 Cash flows from investing activities Acquisition of prop
Slide 19: 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, it can give no assurance that these expectations will prove to be correct. Because