Endava Plc · NYSE:DAVA
Endava — Q1 FY2025 Earnings Presentation
24 slides from Endava's earnings presentation, Nov 12, 2024
Slide 1: Endava
endava
Slide 2: Investor presentation Q1 FY2025
Investor presentation Q1 FY2025
Slide 3: Disclaimer
Disclaimer This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation, other than statements of historical facts, are forward-looking statements. The words “believe,” “estimate,” “exp
Slide 4: Technology is our how. And people are our why.
Technology is our how. And people are our why. A new wave of AI-driven digital transformation is underway, and businesses must embrace a more digital core that enables the real-time usage of data to support the rapid and efficient delivery of new initiatives. At Endava, we’ve partnered with our cust
Slide 5: Opportunity & Approach
5 Opportunity & Approach 01
Slide 6: We enable change
We enable change. We are a leading provider of next-generation technology services, dedicated to helping our customers drive real impact and meaningful change. For over two decades, we have been honing our digital transformation approach that now serves as our cornerstone for navigating the new AI-d
Slide 7: We are a pure play next-gen technology company
Next-gen Tech Core Modernisation Strategy Customer-centric Engineering Agile Automation Data Integration & AI Traditional IT Services Business & Tech Consultants Digital Agencies We are a pure play next-gen technology company 7
Slide 8: The Digital Journey with Endava
Ideate Discover & Plan Digital Product Acceleration Build & Integrate Digital Engineering, Leading Delivery, Data & AI Run & Evolve Modern Managed Services Accelerators Dash RayInfra MapsMorpheus Chronos AI Core Modernization CybersecurityStrategyEmbedded Computing CloudGoogle Cloud Platform Sustain
Slide 9: We serve a large addressable market
We serve a large addressable market. 16.1% Five-year CAGR for digital transformation investments IDC Worldwide Digital Transformation Spending Guide, November 2023 update. 2027 9
Slide 10: Q1 FY25 Endavans by Region
Q1 FY25 Endavans by Region 0.5% Employee increase Q1FY24 to Q1FY25 11,821 Global employees as of Sep 30, 2024 37% Women in total staff as of Sep 30 2024 Our people are at the heart of who we are and drive our success as a business. We enable Endavans to be the best they can be so that we can deliver
Slide 11: Endava around the world
70 cities, 29 countries European Union Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, Netherlands, Poland, Romania, Slovenia and Sweden Europe - Non-EU Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom North America Canada and the United States Latin
Slide 12: History of Endava
Founded in 2000 Expand to CE Concise UK, IT Consultancy Expand to USA Expand to LATAM IPO NYSE July 2018 Compudava Moldova, Nearshore Location Alpheus Germany, Consulting Business Nickelfish USA, Digital, UX & Strategy firm Velocity Partners USA & LATAM, NA Sales & LATAM Delivery PS Tech Serbia, Agi
Slide 13: AI powering the future of cross-industry trends
Current 2030 2040+20352025 Open Banking Usage Specific Insurance AI for Everything Advanced Semiconductors/Chiplets Immersive, Integrated In-Vehicle Infotainment AI-Embedded Chips AI-Integrated Applications Real-time Payments Biometric Authentication The Metaverse Neuromorphic Computing Advanced Rob
Slide 14: Our People / Social Impact / Operating Responsibly
14 Our People / We enable our people to be the best they can be by creating learning and development opportunities, fostering an inclusive work environment and making sure everyone is connected to our culture. Social Impact / We aim to make a positive difference in the communities where we live and
Slide 15: Financials
15 Financials02
Slide 16: Revenue (£m)
188.4 195.1 351.0 446.3 654.8 794.7 740.8 FY20 FY21 FY22 FY23 FY24 3M FY24 3M FY25 FY20-FY24 CAGR 20.5% Over the last five fiscal years, 89.7% of our revenue each fiscal year, on average, came from customers who purchased services from us during the prior fiscal year. +3.5% Q1 YOY Revenue (£m) Q1 Re
Slide 17: Profit before tax and adjusted profit before tax
17.3 4.2 23.4 54.4 102.4 114.2 27.0 FY20 FY21 FY22 FY23 FY24 3M FY24 3M FY25 Profit before tax (£m) Q1 Profitability June 30 Sep 30 Margin 29.8 19.2 66.7 92.1 138.3 164.2 83.0 FY20 FY21 FY22 FY23 FY24 3M FY24 3M FY25 Adjusted profit before tax (£m)* Q1 June 30 Sep 30 Margin * See page 23 for reconci
Slide 18: Number & spend of clients
38% 35% 34% 33% 32% 35% 36% FY20 FY21 FY22 FY23 FY24 Q1 FY24 Q1 FY25 65 85 134 146 146 145 147 416 615 732 711 695 716 667 FY20 FY21 FY22 FY23 FY24 Q1FY24 Q1FY25 Total no. of clients and with revenue > £1m* June 30 Sep 30June 30 Sep 30 Top 10 clients (% of total revenue) Number & spend of clients 18
Slide 19: Top 10 and remaining clients average spend
13,380 15,590 22,150 26,030 24,050 6,540 7,080 FY20 FY21 FY22 FY23 FY24 Q1 FY24 Q1 FY25 19 Top 10 clients - average spend (£000s) 647 697 841 905 794 294 289 FY20 FY21 FY22 FY23 FY24 Q1 FY24 Q1 FY25 June 30 Sep 30June 30 Sep 30 Remaining clients - average spend (£000s) Number & spend of clients
Slide 20: Geography & Industry verticals
44% 42% 41% 39% 33% 35% 31% 24% 24% 21% 23% 26% 25% 25% 29% 31% 35% 32% 33% 30% 39% 3% 3% 3% 6% 8% 10% 5% RoW N. America Europe UK * Other includes consumer products, natural resources, services, and retail verticals **Healthcare vertical broken out of what was historically reported as Other Payment
Slide 21: Capex & Adjusted FCF
0.8 1.1 7.3 5.2 13.7 13.5 5.2 FY20 FY21 FY22 FY23 FY24 3M FY24 3M FY25 Capital expenditures (£m) Q1 CAPEX & Adjusted FCF June 30 Sep 30 % of Revenue 16.0 16 31.5 82.7 107.2 111.5 58.4 FY20 FY21 FY22 FY23 FY24 3M FY24 3M FY25 Adjusted free cash flow (£m)* Q1 3.5 June 30 Sep 30 * See page 23 for recon
Slide 22: Appendix
22 Appendix03
Slide 23: IFRS to Non-IFRS reconciliation
IFRS to Non-IFRS reconciliation 23 2020 2021 2022 2023 2024 2023 2024 Reconciliation of Revenue Growth/(Decline) at Constant Currency to Revenue Growth/(Decline) as Reported under IFRS Revenue Growth / (Decline) as Reported under IFRS 21.9 % 27.2 % 46.7 % 21.4 % (6.8)% (3.9)% 3.5 % Impact of foreign
Slide 24: Endava
endava