Slide 1: SysGroup Plc Full Year Results
SysGroup Plc Full Year Results Year to 31 March 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by SysGroup plc (“SysGroup” or the “Company”) and the information contained This presentation has not been ( i ) produced as a result of a process which was designed to ensure that it herein is restricted and is not intended for distribution to, or use
Slide 3: Strategic & Organisational Highlights
Strategic & Organisational Highlights Heejae Chae acquired 14% share interest and was appointed Executive Chairman Repositioned as technology partner for Small Medium Businesses (“SMBs”) in their AI and digital transformation Replaced 11 senior leaders (including CEO and CFO) with 6 new talent
Slide 4: Post Balance Sheet Highlights
Post Balance Sheet Highlights Raised £11.2M in oversubscribed equity placing to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements and liquidity for acquisitions Closed second largest contract in SysGroup’s history, totalling
Slide 5: Income statement
FY24 FY23* Income statement £’000 £’000 Revenue 22,714 21,648 Revenue grew 5% to £22.7m (FY23: £21.6m) driven by growth in H2 in Gross margin 10,395 10,902 cybersecurity Gross margin % 45.8% 50.4% Recurring revenue as a % of total revenue increased to 76% (FY23: 75%) Overheads (8,387) (7,768)
Slide 6: Statement of Financial Position
FY24 FY23* Statement of Financial Position 31 Mar 24 £’000 31 Mar 23 £’000 Intangible assets and goodwill 22,656 27,961 Fixed assets 1,846 1,966 Total net assets are £18.5m (FY23: £24.2m). Non-current assets 24,502 29,927 Cash balances of £1.9m and Bank loan of £(4.7)m (FY23: £4.2m and Trade deb
Slide 7: Cashflow & Net Debt
FY24 FY23 £’000 £’000 Cashflow from operations 1,104 3,020 Cashflow & Net Debt Tax Net cashflow from operating activities (439) 665 (303) 2,717 Payments to acquire tangible & intangible assets (559) (415) Gross cash balance of £1.9m (FY23: £4.2m). Cash balances have Acquisitions net of cash acquir
Slide 8: Product portfolio and service definition
Product portfolio and service definition
Slide 9: AI/ML mission and service definitions
Our mission: To become partner of choice for Small Medium Businesses (SMBs) in their AI and digital transformation Our strategy: to support the entire data infrastructure to achieve AI/ML readiness through our portfolio of technical capabilities Our service definitions: Support & Monitoring Hosting
Slide 10: Technology Roadmap and Service Definition
Technology Roadmap and Service Definition Our strategy is to: • Provide end to end solution of data infrastructure and solutions • Develop domain expertise across the defined technology stacks as a stand-alone or solution • Become managed service provider • Opinionated view of service definition t
Slide 11: Service definition: AI/Data managed services
Service definition: AI/Data managed services Understand and engage with customers Our capabilities Data engineering Reduce operational Automate business expenses processes AI in Data science (model development) business ML Engineering (MLOps) Systems Integration (SI) Increase revenue Improve
Slide 12: Service definition: Hosting
Service definition: Hosting Data Hosting refers to the storage and management of digital data on On premise infrastructure solution Self-managed or outsourced computing infrastructure. We work collaboratively with our customers to understand where the most appropriate location is to host their Infra
Slide 13: Service definition: Protection
Service definition: Protection Data Protection, is a comprehensive approach to safeguarding Backup an organisation's data from loss or corruption. This service Backups can be performed on-premises, in the cloud, or through a hybrid approach combining both. combines traditional backup methodologies w
Slide 14: Service definition: Connectivity
Service definition: Connectivity Data Connectivity refers to the methods and technologies used Zero Trust to establish reliable connections between devices, networks, or Zero Trust is a security concept that assumes no entity, whether inside or outside the network perimeter, can be trusted. systems
Slide 15: Service definition: Security
Service definition: Security Cybersecurity is the practice of protecting computer systems, Endpoint Security networks, and data from digital attacks, unauthorised access, Endpoint security focuses on protecting individual devices, such as computers, laptops, smartphones, and tablets, from cyber thre
Slide 16: Partnerships Highlights
Partnerships Highlights Achieving higher partner status provides access to: Increased discounts off RRP Making us more cost competitive AWS Advanced Partner Deal Registration Achieved Level 3 status from Level 0 within a year A program providing additional discount to one partner, per opportunity, m
Slide 17: Summary
Summary SysGroup - to become partner of choice for Small Medium Businesses (SMBs) in their AI and digital transformation • Our goal is to guide SMBs through the complex AI value chain and support their transformation journey from start to finish • New management and board appointments driving the bu