Northcoders Group Plc · LSE:CODE
Northcoders — H1 2022 Earnings Presentation
30 slides from Northcoders's earnings presentation, September 2022
Slide 1: Northcoders Group plc 2022 Half Year Results
0 Northcoders Group PLC 2022 Half Year Results Northcoders Group plc 2022 Half Year Results September 2022 northcodersgroup.com
Slide 2: The Northcoders Team
1 Northcoders Group PLC 2022 Half Year Results The Northcoders Team Presentation Team Other Board Members Amul Batra Joined 2016 Chief Operating Officer Joined 2018 Chris Hill Charlotte Prior Founder & Chief Executive Chief Financial Officer Officer Joined 2021 Joined 2022 Nick Parker Angela William
Slide 3: H1 2022 Highlights
2 Northcoders Group PLC 2022 Half Year Results H1 2022 Highlights Financial Operational • Revenue more than doubled to £2.37 million • Continued growth in demand with 3,494 in H1 2022 (H1 2021: £1.09 million), an applications in H1 2022 compared to 3,662 increase of 117% applications in FY 2021 • Gr
Slide 4: Business Overview & Growth Opportunities
3 Northcoders Group PLC 2022 Half Year Results Business Overview & Growth Opportunities
Slide 5: Business Overview
4 Northcoders Group PLC 2022 Half Year Results Business Overview Founded in December 2015, Northcoders mission is to close the digital skills gap whilst creating life changing opportunities for individuals. We strive towards a world where everyone’s second language is CODE. To fulfil our mission, we
Slide 6: Business Overview: Training Bootcamps and Business Services
5 Northcoders Group PLC 2022 Half Year Results Business Overview Training Bootcamps Business Services Software Tech Talent Corporate Data Engineering Development Pipelines Academies
Slide 7: Business model - Revenue streams: Training Bootcamps
6 Northcoders Group PLC 2022 Half Year Results Business model - Revenue streams Training Bootcamps • 13-week intense bootcamp, online with in-person tutor support • Entry exam and pre-course support • Job ready on completion • 94% placement rate • Multiple funding streams • Multiple Technical areas
Slide 8: Northcoders Training Bootcamps
7 Northcoders Group PLC 2022 Half Year Results Northcoders Training Bootcamps Software Development Data Engineering Career Train Onboard Apply
Slide 9: Business model - Revenue streams: Business Services
8 Northcoders Group PLC 2022 Half Year Results Business model - Revenue streams Business Services • Provides corporates with bespoke, in house training programmes • Off the shelf masterclass training programmes • Innovative teams as a service model • Hire to train talent pipelines • Early careers co
Slide 10: Northcoders Business Services Talent Pipeline Products
9 Northcoders Group PLC 2022 Half Year Results Northcoders Business Services Talent Pipeline Products 400+ hiring partner network Incubate Accelerate Enhance Launch
Slide 11: Northcoders Business Services
10 Northcoders Group PLC 2022 Half Year Results Northcoders Business Services Academy Products Graduate Recruitment Bespoke Training Programs Services
Slide 12: Northcoders Key Strengths
11 Northcoders Group PLC 2022 Half Year Results Northcoders Key Strengths Balanced, flexible Strong market Strong brand Market leading Champion diversity & business model drivers services inclusion 1.2 million new technically Reputation for excellence has Real world coding education - over Inclusivi
Slide 13: Competitive Landscape
12 Northcoders Group PLC 2022 Half Year Results Competitive Landscape Fragmented Opportunity for Coding market selective acquisitions Bootcamps Large Small Specialist “Brick & Mortar” Apprenticeship Digital Apprenticeship Universities Providers & Colleges providers
Slide 14: Significant and growing market
13 Northcoders Group PLC 2022 Half Year Results Significant and growing market - Growing shortage of coding skills increasingly apparent - Need for coding skills permeating many sectors and not only the technology sector - Coding Careers attractive due to high salaries for in demand jobs “Two thirds
Slide 15: Environmental, Social and Governance
14 Northcoders Group PLC 2022 Half Year Results Environmental, Social and Governance Making tech accessible. For everyone. Key social and environmental achievements • We have awarded over 500 fully funded DfE scholarships. These provide training for people who Inclusivity is at our heart. Our busine
Slide 16: Financial Review
15 Northcoders Group PLC 2022 Half Year Results Financial Review northcodersgroup.com
Slide 17: Income statement
16 Northcoders Group PLC 2022 Half Year Results Year ended Income statement 6 months ended 6 months ended 31 December 30 June 2022 30 June 2021 2021 £ £ £ Revenue 2,367,596 1,085,646 3,010,357 Gross profit 1,656,945 788,418 2,161,965 Gross margin 70% 73% 72% Adjusted EBITDA* 417,550 257,880 359,475
Slide 18: Statement of cash flows
17 Northcoders Group PLC 2022 Half Year Results Statement of cash flows 6 months ended 30 June 2022 6 months ended 30 June 2021 Year ended 31 December 2021 £ £ £ Cash flows from operating activities: 417,550 257,880 (29,456) Changes in working capital: (Increase)/decrease in trade & other receivable
Slide 19: Statement of financial position
18 Northcoders Group PLC 2022 Half Year Results Statement of financial position 30 June 2022 30 June 2021 31 December 2021 £ £ £ Non current assets 1,444,119 636,033 1,276,488 Current assets 3,095,070 1,714,016 3,123,832 Total assets 4,539,189 2,350,049 4,400,320 Current Liabilities (937,067) (1,699
Slide 20: Operational review
19 Northcoders Group PLC 2022 Half Year Results Operational review northcodersgroup.com
Slide 21: Northcoders Growth Plan
20 Northcoders Group PLC 2022 Half Year Results Northcoders Growth Plan Platform to exploit increasing demand and achieve significant growth Roll-out of further training courses supported by a scalable hybrid Exploring new Business Units delivery model. including ”Tech Adjacent” subjects. Expand bus
Slide 22: Delivering results
21 Northcoders Group PLC 2022 Half Year Results Delivering results • Northcoders received 3,494 applications in H1 2022 (FY 2021: 3,662 applications) • The teaching team grew by 47% in the period from 32 to 47 • 30% of students taught in the year were non-university educated • The average starting s
Slide 23: Summary & Outlook
22 Northcoders Group PLC 2022 Half Year Results Summary & Outlook • Application momentum continuing into H2 2022 with 1,798 applications received since July 2022 • Contracted bookings for FY 2022 as at 16 September 2022 stood at approximately £5.5m with £2.5m already contracted for FY 2023 • Busines
Slide 24: Thank You… Any Questions?
23 Northcoders Group PLC 2022 Half Year Results Thank You… Any Questions?
Slide 25: Disclaimer
24 Northcoders Group PLC Northcoders Proposed AIM IPO 2022 Half Year Results Disclaimer The information contained in this confidential document (the “Presentation”) has been prepared by and is the sole responsibility of Northcoders Group plc (the “Company”) in connection with its proposed placing of
Slide 26: Appendix: Team Biographies
25 Northcoders Group PLC 2022 Half Year Results Appendix: Team Biographies
Slide 27: Directors & Advisers
26 Northcoders Group PLC 2022 Half Year Results Directors & Advisers Chris Hill Amul Batra Charlotte Prior Angela Williams – Non- Nick Parker – A Founder & Chief – Chief Operating Officer – Chief Financial Officer Executive Chair – Non-Executive Director Executive Officer Prior to joining Northcoder
Slide 28: Senior Management Team
27 Northcoders Group PLC 2022 Half Year Results Senior Management Team Amy Wild Sam Caine Lisa Claydon – Chief Commercial Officer - Director of Technology - MD of Apprenticeships Sam joined as a tutor/lecturer Lisa is a target-oriented Amy has over 17 years of in May 2017. As Northcoders service ind
Slide 29: Graduate Data Analysis
28 Northcoders Group PLC 2022 Half Year Results Graduate Data Analysis A survey of Northcoders’ graduates was conducted in September 2020. Over 300 Northcoders responded providing feedback on their industry. This showed: Coding Language Graduate Salary JavaScript/Node Moved jobs at least once Still
Slide 30: Testimonials
29 Northcoders Group PLC 2022 Half Year Results Testimonials Abi Hart Krishan Tanna Head of talent acquisition Finance Executive to Software Engineer, BJSS “The quality of teaching, standards and the level of “Simply put - the best learning experience I technical knowledge at Northcoders is fantasti