Slide 1: Northcoders Group plc 2023 Interim Results
0 Northcoders Group PLC 2023 Interim Results Northcoders Group plc 2023 Interim Results 19 September 2023 northcodersgroup.com
Slide 2: The Northcoders Team
1 Northcoders Group PLC 2023 Interim Results The Northcoders Team Presentation Team Other Board Members Amul Batra Chief Partnerships Officer Chris Hill Charlotte Prior Founder & Chief Executive Officer Chief Financial Officer Nick Parker Angela Williams Non-Executive Director Non-Executive Chair
Slide 3: Interim 2023 Highlights: Financial
2 Northcoders Group PLC 2023 Interim Results Interim 2023 Highlights Financial • Revenue grew to £3.5 million (H1 2022: £2.3 million), an increase of 46% • Record demand for consumer bootcamp training, delivering revenues in H1 2023 of £2.8 million (H1 2022: £1.7 million) • Underlying adjusted EBITD
Slide 4: Interim 2023 Highlights: Operational
3 Northcoders Group PLC 2023 Interim Results Interim 2023 Highlights Operational • Growth in demand with course applications, more than doubling to 7,107 in the Period (H1 2022: 3,494). Q3 2023 has again seen record applications, now standing at over 10,000 • Achieved further successful Department f
Slide 5: Financial analysis: Core Business
4 Northcoders Group PLC 2023 Interim Results Financial analysis Core Business • 65% revenue growth (H1 2022: £1.7m) Interim 23 results Consumer Bootcamps • Adjusted EBITDA of £0.5m £ £ • Further infrastructure Revenue 3.5 Revenue 2.8 improvements to be made in 2024 Cost of Sales 1.3 Cost of Sales 0.
Slide 6: Financial analysis: Investments
5 Northcoders Group PLC 2023 Interim Results Financial analysis Investments • £400k Investment into Business Services sales and marketing • Investment into Tech Returners Interim 23 results Business Services Consumer Bootcamps Tech Returners commercial offering ££ • Corporate engagement is £ £ encou
Slide 7: Business Overview & Growth Opportunities
6 Northcoders Group PLC 2023 Interim Results Business Overview & Growth Opportunities
Slide 8: Business Overview
7 Northcoders Group PLC 2023 Interim Results Business Overview Training Business Bootcamps Solutions Software Data Engineering Cloud Engineering Consultancy Corporate Academies Development
Slide 9: Northcoders Training Bootcamps
8 Northcoders Group PLC 2023 Interim Results Northcoders Training Bootcamps Software Data Cloud Development Engineering Engineering Apply Onboard Train Career
Slide 10: Training Bootcamps – Growth strategy
9 Northcoders Group PLC 2023 Interim Results Training Bootcamps – Growth strategy • New teaching disciplines/ unit courses • Post graduate CPD subscription model • Part time/ off the shelf learning framework • Geographical expansion outside of England (Scotland, Wales, Other European countries)
Slide 11: Northcoders Business Solutions
10 Northcoders Group PLC 2023 Interim Results Northcoders Business Solutions Technology Consultancy 450+ hiring partner network Large Corporate Clients Elite Incubate Launch Enhance
Slide 12: Northcoders Business Solutions Academy Products
11 Northcoders Group PLC 2023 Interim Results Northcoders Business Solutions Academy Products Graduate Bespoke Recruitment Training Programmes Services
Slide 13: Business Solutions – Growth Strategy
12 Northcoders Northcoders Group Group PLCPLC 2023Interim 2023 Interim Results Results Business Solutions – Growth Strategy • Hire, Train Deploy sector a significant opportunity • Focus on Emerging Technology & Diversity • Financial Services and Public Procurement sector • 2023 focus on “go-to-marke
Slide 14: Competitive Landscape
13 Northcoders Group PLC 2023 Interim Results Competitive Landscape Hire, Train and Deploy Other Fragmented Coding market Recruitment Consultants Bootcamps Large “Brick & Mortar” Small Specialist Apprenticeship Universities Digital Training providers Providers & Colleges
Slide 15: Market Conditions
14 Northcoders Northcoders Group Group PLCPLC 2023Interim 2023 Interim Results Results Market Conditions ‘’Despite the challenges, ‘’Three prime ministers. Two ‘’Facing an uncertain global businesses are set to continue ministers for digital and economy and slowing revenue to invest heavily in tech
Slide 16: Financial Review
15 Northcoders Group PLC 2023 Interim Results Financial Review northcodersgroup.com
Slide 17: Income statement
16 Northcoders Group PLC 2023 Interim Results Revenue Tech Returners 6 months 6 months Year ended Income statement ended ended 31 December Business services 30 June 2023 30 June 2022 2022 £ £ £ Revenue 3,450,579 2,367,589 5,598,863 Gross profit 2,180,934 1,656,945 3,941,925 Consumer Training Gross m
Slide 18: Statement of cash flows
17 Northcoders Group PLC 2023 Interim Results Statement of cash flows 6 months ended 30 June 2023 6 months ended 30 June 2022 Year ended 31 December 2022 £ £ £ Cash flows from operating activities: 39,373 417,550 907,633 Changes in working capital: (Increase)/decrease in trade & other receivables 24
Slide 19: Statement of financial position
18 Northcoders Group PLC 2023 Interim Results Statement of financial position 30 June 2023 30 June 2022 31 December 2022 £ £ £ Non current assets 3,542,301 1,444,119 1,619,409 Current assets 4,885,858 3,095,070 5,716,514 Total assets 8,428,159 4,539,189 7,335,923 Current Liabilities (1,636,433) (937
Slide 20: Outlook
19 Northcoders Group PLC 2023 Interim Results Outlook northcodersgroup.com
Slide 21: Summary & Outlook
20 Northcoders Group PLC 2023 Interim Results Summary & Outlook • Application momentum continuing with record application numbers now standing at over 10,000 for 2023 • Strong start to Data Engineering course, with Cloud Engineering also launched • Further UK Government support for skills bootcamps
Slide 22: Any Questions?
21 Northcoders Group PLC 2023 Interim Results Thank You… Any Questions?
Slide 23: Disclaimer
22 Northcoders Group Northcoders PLC AIM2023 Proposed IPO Interim Results Disclaimer Disclaimer This content of information contained in these slides and the accompanying presentation comprises an institutional presentation (the Presentation) which has been prepared by and is the sole responsibility