Hercules Plc · LSE:HERC
Hercules — Hercules Site Services — FY2024 Earnings Presentation
15 slides from Hercules's earnings presentation, 2025
Slide 1: FY 2024 Results
HERCULES SITE SERVICES PLC FY 2024 Results
Slide 2: Important Information
Important Information This presentation has been prepared by or on behalf of Hercules Site Services plc (“Hercules”) and is strictly This presentation has been prepared by or on behalf of Hercules Site Services plc (“Hercules”) and is strictly confidential. This document is being provided to you sol
Slide 3: Board and Non-Exec Board
Board Non-Exec Board Henry Pitman Non-Executive Chairman • 30 years’ experience of building businesses in the UK and Africa • Previously Founder and CEO at AIM-listed Tribal Group plc and a Non-Executive Director at Grainger plc • Took Tribal from start-up to become a business with over £200m of rev
Slide 4: FY 2024 Achievements
FY 2024 Achievements A record year which once again exceeded the market's expectations Revenue, adjusted EBITDA, PBT, and EPS all increased materially Group-wide momentum and cross-selling driving performance Record demand and delivery in Labour Supply and continued Civil Projects growth Successfull
Slide 5: A Record Financial Performance
A Record Financial Performance Revenue: £101.9m Adjusted EBITDA: £4.7m Adjusted PBT: £2.6m +28% +34% +43% FY 2023: £79.8m FY 2023: £3.5m FY 2023: £1.8m EPS: 3.47p Cash generated in the year Dividend paid for FY 2024 +173% £7.5m 1.72p per share FY 2023: 1.27p FY 2023: £3.3m FY 2023: 1.72p *All figure
Slide 6: Business Overview
Business Overview LABOUR SUPPLY Supplying local blue and white-collar, labour to the UK construction and infrastructure industry including: © Highways Rail CONSTRUCTION SERVICES HERCULES SITE SERVICES e Nuclear *HS2 1 @ Civil projects specialising in the © Utilities water industry © Hercules Constru
Slide 7: Revenue Growth
Revenue Growth *Our revenue growth for the last 3 years since listing has averaged 48% (CAGR)
Slide 8: Group Statement
Group Statement Continuing Operations (Adjusted) FY 2024 FY 2023 Change % £m Revenue 101.9 79.8 28% Gross Profit 15.0 14.0 Overheads (10.3) (10.5) EBITDA (Adjusted) 4.7 3.5 34% Depreciation & amortisation (1.0) (0.9) Operating profit 3.7 2.6 42% Finance Costs (1.1) (0.8) Profit before tax 2.6 1.8 43
Slide 9: Labour Supply
Labour Supply FY 2024 FY 2023 Revenue 84.1 63.8 Operating profit (adjusted) 9.4 8.7 • Continued organic growth through execution of strong project pipeline. • New clients – Costain national framework, Hill Group PSL, Balfour Beatty Kilpatrick. • Circa 1,600 operatives across all sites. • Local emplo
Slide 10: Civil Projects
Civil Projects FY 2024 FY 2023 Revenue 17.5 15.7 Operating profit 2.2 1.8 • Revenue increased 12.2%. • AMP7 (Asset Management Programme) in the water sector has driven growth with AMP 8 due to start in April 2025. • Projects won for FY 2025 to date of £7.5m. • New clients include Anglian, Severn Tre
Slide 11: Balance Sheet
Balance Sheet FY 2024 FY 2023 Fixed assets and Investments 9.8 20.8 Current assets 26.0 25.2 Assets held for sale 11.8 - Total Assets 47.5 46.0 Equity (11.7) (8.7) Liabilities held for sale (9.6) - Asset funding debt (1.0) (11.4) Long term lease liabilities (4.4) (5.6) Invoice Discounting (7.3) (10.
Slide 12: Cash Flow
Cash Flow FY 2024 FY 2023 Operating 1.6 1.7 Working capital changes 5.9 1.6 Net cash generated from continuing operations 7.5 3.3 Acquisition (1.4) - Equity Raise 5.8 1.6 Dividends (1.1) (0.6) Lease Liabilities (1.5) (1.8) Invoice Discounting (3.6) 2.7 Discontinued operations (3.2) (2.3) Net increas
Slide 13: Trading and Outlook
Trading and Outlook • Strong momentum has continued across all divisions through FY 2025. • Current number of people on payroll – 1,600+ . • Infrastructure remains buoyant with £700bn - £750bn investment earmarked across our main markets (Nuclear and Power & Energy, Rail, Highways and Water sectors)
Slide 14: Growth Strategy
Growth Strategy • M&A Activity – identification of acquisition opportunities within the labour supply market following £8m fundraise. • Organic growth – across all divisions through strong pipeline of projects into FY 2025. • Nuclear – over £11b+ committed spend on Sizewell C and we have already sta
Slide 15: Q&A
Q&A
Hercules Site Services — FY2024 Earnings Presentation on 6ix