Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — H1 2022 Earnings Presentation
17 slides from Fdm Group (holdings)'s earnings presentation, August 2022
Slide 1: Results for the six months ended 30 June 2022
Results for the six months ended 30 June 2022
Slide 2: Consultants on client sites and training completions
97.2% 97.3% 97.6% 4,703 96.9% 97.3% 96.1% 96.1% 4,033 95.0% 94.8% 3,924 3,841 3,747 3,846 3,656 3,580 3,416 +22% +17% +0.7ppts. +0.3ppts. vs H1-21 vs H2-21 vs H1-21 vs H2-21 911 1,584 1,385 1,190 535 473 517 569 542 965 1,008 1,107 1,025 428 831 306 510 260 +60% +68% +55% +14% vs H1-21 vs H2-21 vs H
Slide 3: Consultant headcount by region and active clients
2,500 11% 11% 15% 20% 20% 2,000 6% 6% 8% 6% 8% 30% 31% 1,500 33% 28% 30% 1,000 500 53% 52% 44% 44% 44% UK - NA EMEA Record Consultant headcount achieved in UK, NA & APAC NA, in both USA and Canada, performing increasingly strongly APAC 57 41 409 38 39 40 396 399 395 395 37 393 381 28 30 371 24 339 N
Slide 4: Group financial KPIs: revenue, profit, EPS, cash, dividend
152.8 26.6 27.0 24.9 25.0 134.4 140.5 131.3 25.2 25.1 22.0 117.8 22.3 20.2 20.5 +16% +13% +14% vs H1-21 vs H1-21 2018 2019 2020 2021 2022 vs H1-21 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 10.2 18.9 23.3% 23.2% 23.5% 23.5% 23.2% 17.8 17.6 15.6 14.1 5.2 4.1 3.0 3.3 +13% +96% -0.3ppts. vs H1-2
Slide 5: NA and UK consultant headcount growth
NA 2020 2021 2022 22 vs 21 22 vs 20 UK¹ 2020 2021 2022 22 vs 21 22 vs 20 Consultants 1,222 1,077 1,405 30% 15% Consultants 1,592 1,681 2,045 22% 28% Training Completions 281 264 646 145% 130% Training Completions 337 424 526 24% 56% Revenue £51.1m £39.8m £50.2m 26% (2%) Revenue £62.8m £59.8m £68.8m
Slide 6: EMEA and APAC consultant headcount
EMEA¹ 2020 2021 2022 22 vs 21 22 vs 20 APAC 2020 2021 2022 22 vs 21 22 vs 20 Consultants 281 332 295 (11%) 5% Consultants 561 751 958 28% 71% Training Completions 44 137 73 (47%) 66% Training Completions 169 200 339 70% 101% Revenue £12.3m £14.1m £9.3m (34%) (24%) Revenue £14.3m £17.6m £24.5m 39% 71
Slide 7: Revenue and headcount mix by region
1,584 152.8 140.5 21% 134.4 16% 131.3 10% 8% 117.8 6% 5% 9% 13% 6% 7% 1,008 1,025 6% 11% 965 10% 33% 8% 831 20% 34% 9% 36% 7% 41% 33% 30% 20% 13% 37% 32% 5% 26% 34% 52% 45% 54% 45% 46% 33% 48% 49% 41% 41% UK NA EMEA APAC Page 7
Slide 8: Revenue by client industry sector
Banks 51% 52% 55% Diversified Financials 17% 13% 13% Insurance 7% 6% 6% Government 7% 8% 6% Software & IT Services 6% 7% 5% Commercial & Professional Services 1% 2% 3% Energy 4% 3% 3% Media & Entertainment 3% 3% 2% Health Care Equipment & Services 1% 1% 1% Consumer Services 1% 1% 1% Other 2% 4% 5% •
Slide 9: Diversity: ex-service personnel and returners
2021 2022 900+ former service personnel 350+ returners 14% placed on-site to date placed on-site to date 23% 2021 2022 2021 2022 27% 213 210 146 198 • Supporting and transitioning • Supporting and training 37% former service personnel into individuals returning after tech and business a career break
Slide 10: Sustainability and carbon intensity
81 2 1 of our 2021 UK consultants 2 Intensity ratio of tCO2e per employee Page 10
Slide 11: FDM training programme foundations
Business Analysis Foundation FDM Software Testing Foundation FDM Business Intelligence Foundation FDM Robotic Process Automation Foundation FDM* Project Management ice Foundation FDM* Risk, Regulation and Compliance Foundation FDM Software Development Foundation FDM“ TechOps Foundation FDM“
Slide 12: FDM Recognition
FDM Recognition OO SCIENCE BASED TARGETS DRIVING AMBITIOUS CORPORATE CLIMATE ACTION WEST YORKSHIRE 2022 Page 12
Slide 13: Summary
Summary Strong levels of demand for our Consultants across all our regions, resulting in record levels of activity Consultants assigned to clients sites up 22% from June 2021 and up 17% from December 2021 (Jun-22: 4,703, Dec-21: 4,033, Jun-21; 3,841) Recruitment and training levels were high to meet
Slide 14: Condensed income statement
Six months Six months to June to June 2022 2021 £'000 £'000 Revenue 152,805 131,289 Cost of sales (79,148) (69,708) Gross profit 73,657 61,581 Administrative expenses (51,320) (40,809) Operating profit 22,337 20,772 Finance income 148 43 Finance expense (287) (343) Net finance costs (139) (300) Prof
Slide 15: Condensed balance sheet
30 June 30 June 2022 2021 £'000 £'000 Non-current assets Right-of-use assets 10,107 12,608 Property, plant and equipment 3,944 4,669 Intangible assets 19,629 19,673 Deferred income tax assets 2,437 1,334 36,117 38,284 Current assets Trade and other receivables 50,306 43,871 Cash and cash equivalents
Slide 16: Condensed cash flow statement
Six Six months months to June to June 2022 2021 £'000 £'000 Cash flows generated from operations 16,825 19,384 Interest received 148 43 Income tax paid (7,723) (5,339) Net cash flow from operating activities 9,250 14,088 Cash flows from investing activities Acquisition of property, plant and equipme
Slide 17: Forward-looking statements
Forward-looking statements This report contain statements which constitute “forward-looking statements”. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable at the time they were made, it can give no assurance that these expectations will pr