Endava Plc · NYSE:DAVA
Endava — Q4 FY2024 Earnings Presentation
24 slides from Endava's earnings presentation, Sep 19, 2024
Slide 1: Endava
endava
Slide 2: Investor presentation Q4 FY2024
Investor presentation Q4 FY2024
Slide 3: Forward-looking statements
3 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,” “expect,” “ma
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
01 ee Opportunity & Approach
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-
Slide 7: We are a pure play next-gen technology company
7 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
Slide 8: The Digital Journey with Endava
8 The Digital Journey with Endava Ideate Advisory and Digital Strategy 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 Cybersecur
Slide 9: We serve a large addressable market.
9 We serve a large addressable market. $3.9T 16.1% Five-year CAGR for digital transformation investments IDC Worldwide Digital Transformation Spending Guide, November 2023 update. 2027
Slide 10: Endavans by Region and Geography
10 18% 11% 7% 19% 45% Western Europe & EU Europe Non-EU North America Latin America APAC & Middle East Q4FY24 Endavans by Region Endavans by Geography FY20 FY21 FY22 FY23 FY24 Western Europe 448 493 602 659 562 Central Europe - EU Countries 3,368 4,469 6,093 5,693 4,904 3,816 4,962 6,695 6,352 5,466
Slide 11: Endava around the world
11 Endava around the world 71 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 a
Slide 12: History of Endava
12 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,
Slide 13: AI powering the future of cross-industry trends
13 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
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
02 ee Financials
Slide 16: Revenue
16 FY20 FY21 FY22 FY23 FY24 _ FY23 FY24 194.4 189.8 174.4 203.5 183.6205.2 188.4196.2740.8794.7654.8446.3351.0 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. Jun
Slide 17: Profitability
17 Profitability FY20 FY21 FY22 FY23 FY24 _ FY23 FY24 3.0 24.9 3.0 30.4 10.6 20.3 17.338.627.0114.2102.454.423.4 June 30 June 30 12M FY23 12M FY24 Profit before tax (£m) F F Q2 27.0 114.2 Q1 Q4 Q3 Margin 6.7% 12.2% 15.6% 14.4% Q314.9% (0.3%) 9.9% 5.8% Q2 12M14.4% 3.6% 19.7% 9.2% Q1 Q413.1% (0.2%) 3.
Slide 18: Client relationships
18 Client relationships FY20 FY21 FY22 FY23 FY24 Q4FY23 Q4FY24 34%35%32%33%34%35%38% F June 30 June 30 Q4 FY23 Q4 FY24 F 1 F 22 Top 10 clients (% of total revenue) F F FY20 FY21 FY22 FY23 FY24 _ Q4FY23 Q4FY24 1461461461461348565 F June 30 June 30 Q4 FY23 Q4 FY24 F 1 F No. of clients with revenue > £
Slide 19: Number & spend of clients
19 Number & spend of clients FY20 FY21 FY22 Q3FY23 695711695711732615416 June 30 June 30 Q4 FY23 Q4 FY24 FY21 FY22 FY23 FY24FY20 Total no. of clients FY20 FY21 FY22 FY23 FY24 Q3FY23 Q3FY24 6,6806,55024,05026,03022,15015,59013,380 June 30 June 30 Q4 FY23 Q4 FY24 FY20 FY21 FY22 FY23 Average spend (£00
Slide 20: Geography & Industry verticals
20 FY20 FY21 FY22 FY23 FY24 _ Q3FY23 Q3FY24 38% 30% 33% 32%35% 31%29% 25% 24% 26% 23%21%24%24% 30%38%33%39%41%42%44% UK Europe N. America RoW June 30 June 30 Q4 FY23 Q4 FY24 Revenue by Region Geography & Industry verticals 3% 3% 6% 8% 7% * Other includes consumer products, healthcare, and retail ver
Slide 21: CAPEX & Adjusted FCF
21 CAPEX & Adjusted FCF FY20 FY21 FY22 FY23 FY24 _ FY23 FY24 1.5 1.8 1.4 4.1 1.4 4.2 0.83.45.213.513.75.27.3 F June 30 June 30 12M FY23 12M FY24 F 1 F Capital expenditures (£m) F F Q1 Q2 5.1 13.5 Q3 Q4 % of Revenue 2.1% 1.2% 2.1% 1.7% 0.7% Q32.0% 0.8% 2.0% 0.8% Q2 12M1.7% 0.7% 1.7% 0.4% Q1 Q41.0% 0.
Slide 22: Appendix
03 ee Appendix
Slide 23: IFRS to Non-IFRS reconciliation
23 IFRS to Non-IFRS reconciliation 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)% 5.2 % 2.4 % Impact of foreign
Slide 24: Endava
endava