Slide 1: Northcoders Group plc 2024 Interim Results
0 Northcoders Group PLC 2024 Interim Results Northcoders Group plc 2024 Interim Results 17 September 2024 northcodersgroup.com
Slide 2: The Northcoders Team
1 Northcoders Group PLC 2024 Interim 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 20
Slide 3: FY 2023 Highlights – Financial
2 Northcoders Group PLC 2024 Interim Results FY 2023 Highlights – Financial • Revenue grew to £4.4 million (H1 2023: £3.5 million), an increase of 26%, slightly ahead of management expectations • Gross margin increased to 67% (H1 2023: 62%) following release of the NCore technology platform • Tenfol
Slide 4: FY 2023 Highlights - Operational
3 Northcoders Group PLC 2024 Interim Results FY 2023 Highlights - Operational • Growth in demand with record Training Bootcamp registrations, reaching 4,703 in the Period (H1 2023: 3,590) • Q3 2024 has again seen record applications, with 3,313 registrations • Record visibility and profit per seat f
Slide 5: Business Overview
4 Northcoders Group PLC 2024 Interim Results Business Overview
Slide 6: Northcoders Group Business Model
5 Northcoders Group PLC 2024 Interim Results Northcoders Group Business Model We operate two Business Divisions, Training Bootcamps and Corporate Solutions, creating life-changing opportunities for people from all walks of life whilst providing the tech industry with the skills it needs. Bootcamp Ca
Slide 7: Our Core Drivers
6 Northcoders Group PLC 2024 Interim Results Our Core Drivers Vast B2B Market Opportunity 4 1 Trailing Bootcamp Growth The Consulting and Hire, Train & Deploy sector is Maintaining an average growth of nearly 50% vast. Northcoders are a credible challenger brand year-over-year for the past three yea
Slide 8: Our Vision
7 Northcoders Group PLC 2024 Interim Results Our Vision 1 Year Plan 3 Year Picture 10 Year Vision The world-leading Coding The leading UK technology skills A partnerships-driven global Bootcamp with an exciting and accelerator that's redefining professional services provider credible Hire-Train-Depl
Slide 9: Focused curriculum, Expert instructors, 450+ Hiring partners
8 Northcoders Group PLC 2024 Interim Results Quality above quantity = exceptional reputation Focused curriculum 8 years of Market leader – starting salaries for community - over 3,000 students trained students c. £30,000 to date Training Job Flexible learning options with full and Bootcamp placement
Slide 10: Partners for progress
Partners for progress
Slide 11: At Counter, we embed highly engaged tech problem solvers
At Counter , we embed highly engaged, tech problem solvers from diverse backgrounds into the very fabric of your business for the long term. We are a challenger brand to the stagnant “Hire-Train-Deploy” sector which is ripe for disruption through partnerships & innovation
Slide 12: Counter Leadership
Counter Leadership Co-Founder Northcoders Group PLC Co Founder of Infinity Works Team Strategic Advisor Managing Director Tom Walton Amul Batra Counter is part of Northcoders Group PLC, which also includes the Northcoders and Tech Returners Co Founder & CTO Tech Returners brands. The Group’s mission
Slide 13: What we do
What we do Consultants cherry-picked in collaboration with your business Teams are assembled on a project basis meaning 100% utilisation rate Other expertise and specialisms can be sourced through Tech Returners Returners & Counter Consultants become FTEs post contract completion
Slide 14: Counter team trained in key areas of technology
Our Counter team are specially trained in the key areas of technology, always ensuring you have the right team for your specific project and organisations’ needs. Software Mobile Artificial Engineering Computing Intelligence Data Cloud Low Code Engineering Computing Development
Slide 15: COUNTER's USPs
COUNTER’s USPs Highest performing Fast Northcoders & Tech implementation Returners graduates (6-8 weeks) On-Shore solution Subject Matter experts Near-Shore pricing No “hand-holding” required by client
Slide 16: Competitive Landscape
15 Northcoders Group PLC 2024 Interim Results Competitive Landscape Training Bootcamps Corporate Solutions General Assembly App Academy FDM Accenture Flatiron School Hack Reactor QA Kubrick Le Wagon Makers Academy Sparta Global Ten10
Slide 17: Market Conditions
16 Northcoders Northcoders Group Group PLCPLC 2022 Full Year Results 2024 Interim Results Market Conditions Prime Minister Keir Starmer said: “Our skills system is in a mess, which is why we are transforming our approach to meet skills needs over the coming decades.” “They will help to deliver our n
Slide 18: Financial Review
17 Northcoders Group PLC 2024 Interim Results Financial Review northcodersgroup.com
Slide 19: Financial performance
18 Northcoders Group PLC 2024 Interim Results Financial performance Revenue EBITDA *Forecast *Forecast *Forecast *Forecast 1,200,000 £9,500,000 £8,500,000 £907,000 £900,000 £7,100,000 £5,600,000 £359,000 £3,100,000 £1,300,000 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 (£255,000) (£7
Slide 20: Income statement
19 Northcoders Group PLC 2024 Interim Results 6 months Year ended Revenue per half year Income statement 6 months ended ended 31 December 5 4.5 30 June 2024 30 June 2023 2023 4 **Forecast £ £ £ 3.5 3 Revenue 4,353,628 3,450,579 7,102,319 2.5 2 1.5 Gross profit 2,910,877 2,180,934 4,443,669 1 Gross m
Slide 21: Statement of cash flows
20 Northcoders Group PLC 2024 Interim Results Statement of cash flows 6 months ended 6 months ended Year ended 30 June 2024 30 June 2023 31 December 2023 £ £ £ Cash flows from operating activities: 447,876 39,373 (483,317) Changes in working capital: (Increase)/decrease in trade & other receivables
Slide 22: Statement of financial position
21 Northcoders Group PLC 2024 Interim Results Statement of financial position 30 June 2024 30 June 2023 31 December 2023 £ £ £ Non current assets 3,608,158 3,542,301 3,533,309 Current assets 3,535,923 4,885,858 3,730,859 Total assets 7,144,081 8,428,159 7,264,168 Current liabilities (1,661,670) (1,6
Slide 23: Outlook
22 Northcoders Group PLC 2024 Interim Results Outlook northcodersgroup.com
Slide 24: Summary & Outlook
23 Northcoders Group PLC 2024 Interim Results Summary & Outlook • The second half of FY 2024 started well and the Group is pleased to report trading has been slightly ahead of management expectations. As brand awareness and national expansion increases, Northcoders will look to provide remote learne
Slide 25: Any Questions?
24 Northcoders Group PLC 2024 Interim Results Thank You… Any Questions?
Slide 26: Disclaimer
25 Northcoders Group Northcoders PLC AIM IPO Proposed 2024 Interim 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 responsibilit