Tpximpact Holdings Plc · LSE:TPX

Tpximpact — H1 2024 Earnings Presentation

25 slides from Tpximpact's earnings presentation, Dec 5, 2023

  1. Slide 1: Half Year Results

    6 months ended 30 September 2023 HALF YEAR RESULTS Björn Conway (CEO) 5 December Steve Winters (CFO) 2023 1

  2. Slide 2: Disclaimer

    DISCLAIMER This presentation relating to TPXimpact Holdings Limited (the “Company”) is not an advertisement or an offering of securities of the Company in any jurisdiction or an inducement to enter into investment activity and has not been approved by the UK Listing Authority, the Financial Conduct

  3. Slide 3: Contents

    H1 2024 summary 4 Making a difference 7 CONTENTS Financial and ESG results 11 Market conditions and 17 outlook For more information visit tpximpact.com/investor-relations 3

  4. Slide 4: H1 2024 Summary

    H1 2024 SUMMARY Revenue1 Adjusted EBITDA1 New Business Net debt £41.6m Up 22% on a like-for-like basis £2.0m EBITDA Margin of 4.8% £105m £12.8m Excluding lease liabilities (H1 2023: £34.1m) (H1 2023: £0.9m; Margin of 2.6%) (H1 2023: £37m, FY2023: £115m) (FY 2023: £17.5m) Sectors 9% headcount (FTE) g

  5. Slide 5: Direction of Travel

    DIRECTION OF TRAVEL GROW & DIFFERENTIATE Building a platform for an integrated FORM & INTEGRATE transformation business FOCUS & BALANCE ● Accelerate growth primarily through digital transformation business, but ● Integrate complementary also in digital experience agency businesses into the digital ●

  6. Slide 6: Progress on Track

    PROGRESS ON TRACK Building a platform for an integrated transformation business OPERATIONAL GROWTH FOCUS & BALANCE ● The Group secured two of its largest contracts to date; Department for Education (up to £27.4m over 2 years) and His Majesty’s Land Registry (up to £49m over 4 years) ● More commercia

  7. Slide 7: Making a Difference

    MAKING A DIFFERENCE Björn Conway 7

  8. Slide 8: People-Powered Transformation

    PEOPLE-POWERED TRANSFORMATION Design meetup Wear it pink Roving researchers Breast Cancer Now Client Services & Bids meetup Trussell Trust 8

  9. Slide 9: Digital Transformation

    DIGITAL TRANSFORMATION DEPARTMENT FOR LEVELLING UP, HOUSING DEPARTMENT FOR EDUCATION AND COMMUNITIES Teacher continuing personal development Home buying and selling There are 500,000 teachers in the UK and every new teacher now starts their career with a 2-year professional development course 33% of

  10. Slide 10: Digital Experience

    DIGITAL EXPERIENCE ZOOLOGICAL SOCIETY OF LONDON BREAST CANCER NOW Growing conversion by 30% Partnering to deliver digital unification ZSL faced critical issues with its global website, encompassing In 2021, Breast Cancer Now partnered with TPXimpact for a digital unreliable data, an unresponsive mobi

  11. Slide 11: Financial & ESG Results

    Steve Winters FINANCIAL & ESG RESULTS 11

  12. Slide 12: H1 2024 Financial Results

    H1 2024 FINANCIAL RESULTS Revenue3 Adjusted EBITDA1,3 Adjusted profit Adj diluted EPS1,3 Reported operating before tax1,3 loss3 £41.6m £2.0m £0.6m 0.5p £(9.0)m (H1 2023: £34.1m) (H1 2023: £0.9m) (H1 2023: £0.4m) (H1 2023: 0.4p) (H1 2023: £(3.9)m) Like-for-like Revenue Adj EBITDA margin1,3 FY24 revenu

  13. Slide 13: Revenue by Year and Quarter

    REVENUE BY YEAR AND QUARTER *FY2024 represents the revenue range based upon our 15-20% growth target; *FY23 figures are LFL growth as disclosed in that year. Consensus forecasts are also within this range **FY24 figures are LFL growth based on continuing operations **Based upon the results of continui

  14. Slide 14: H1 2024 Revenue Split

    H1 2024 REVENUE SPLIT* *Based upon the results of continuing operations. 14

  15. Slide 15: Reconciliation of H1 2024 Reported Operating Loss to Adj EBITDA

    RECONCILIATION OF H1 2024* REPORTED OPERATING LOSS TO ADJ EBITDA *Based upon the results of continuing operations. 15

  16. Slide 16: ESG Results

    ESG RESULTS Like-for-like New jobs Ethnic minority Female Permanent created (FTE) representation representation FTE 535 46 20% 51% (FY 2023: 489) (H1 2023: 32) (H1 2023: 19%) (H1 2023: 49%) tC02e per FTE tCO2e by£1m Carbon footprint (annualised) revenue Down 7% to 735 1.87 15.07 tCO2e in H1 (FY 2023

  17. Slide 17: Market Conditions and Outlook

    MARKET CONDITIONS AND OUTLOOK 17

  18. Slide 18: Looking Forwards… Q&A

    LOOKING FORWARDS… Q&A Market Current Trading Outlook ● Demand for digital transformation expertise will ● October revenue growth ● Confident of meeting FY24 continue to be strong, with of 42%; margins in line targets of 15-20% revenue external forecasts predicting with management growth and 5-6% Adju

  19. Slide 19: Thank You

    e » | THANK YOU TPXimpact

  20. Slide 20: Appendix

    Appendix TPXimpact 20

  21. Slide 21: Income Statement

    Income statement H1 2024 H1 2023 INCOME STATEMENT Continuing operations £’000 Revenue 41,622 34,075 Gross profit 10,904 9,341 STATUTORY GM % 26.2% 27.4% Administrative costs: Revenues from continuing operations were up 22.1% with Staff costs (6,006) (5,531) growth driven by the Consulting business du

  22. Slide 22: Statement of Financial Position

    Balance Sheet £’000 H1 2024 FY 2023 STATEMENT OF Goodwill 49,085 59,486 Intangible assets 19,521 23,458 FINANCIAL POSITION Tangible assets 2,237 1,911 Cash 7,171 6,772 Other investments 2,188 2,188 Receivables 18,843 21,305 Net assets decreased in the period by £6.3m largely due to the £5.6m impairm

  23. Slide 23: Cash Flow/Net Debt

    Cash Flow £’000 H1 2024 H1 2023 Cash from operations activities before NWC 1,814 (811) CASH FLOW/NET DEBT Net Working Capital (1,709) (209) Net cash from total operating activities 105 (1,020) Tangible and intangible asset additions (104) (423) Cash relating to acquisitions/disposals 6,236 (1,787) N

  24. Slide 24: Adj Profit After Tax Reconciliation

    ADJ PROFIT AFTER TAX Adjusted profit after tax H1 2024 H1 2023 Continuing operations £’000 RECONCILIATION Statutory loss before tax (10,058) (4,320) Amortisation of intangible assets 3,894 3,101 Loss on fair value movement of Directors believe that an ‘adjusted profit after tax’ measure is contingent

  25. Slide 25: Share Count

    SHARE COUNT Ordinary shares HY2024 HY2023 FY2023 Number of shares ‘000 Period/year-end 92,160 91,177 91,876 Weighted average 92,056 89,771 90,613 Contingent consideration - 1,911 284 Own shares - SIP/EBT (1,757) (256) (712) Average basic 90,299 91,426 90,185 Dilutive share options outstanding 1,363

TPXimpact Holdings — H1 2024 Earnings Presentation on 6ix