Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — H1 2019 Earnings Presentation
14 slides from Fdm Group (holdings)'s earnings presentation, September 2019
Slide 1: Results for the six months ended 30 June 2019
FDM Group (Holdings) plc Results for the six months ended 30 June 2019 Rod Flavell - CEO Mike McLaren - CFO
Slide 2: Operational highlights
Operational highlights for the six months ended 30 June 2019 Mounties on Client Site New Clients (at week 26) +13% +40 2019 40 +16% 3,846 (CAGR) 3,416 2018 38 2,947 2,452 2017 35 2016 25 2016 2017 2018 2019 Utilisation Training Completions -1.1ppts. +4% 2019 1,008 +13% (CAGR) 97.5% 96.7% 97.2% 96.1%
Slide 3: Financial highlights
Financial highlights for the six months ended 30 June 2019 Total Revenue (£m) Basic Earnings per Share (p) Closing Cash (£m) +14% 2019 134.4 +8% 2019 17.6 -4% 2019 28.7 +16% 2018 117.8 +18% 2018 16.3 +15% 2018 29.8 (CAGR) (CAGR) (CAGR) 2017 117.1 2017 14.0 2017 29.3 2016 86.5 2016 10.7 2016 19.1 Mou
Slide 4: Geographic Review
Geographic Review UK & Ireland 2019 2018* North America 2019 2018* Revenue £69.7m £64.1m +9% Revenue £46.7m £38.4m +22% Mountie revenue £68.3m £61.4m +11% Mountie revenue £46.5m £38.1m +22% Mounties on client sites 2,015 1,847 +9% Mounties on client sites 1,205 1,033 +17% Adjusted operating profit £
Slide 5: Regional Distribution
Regional Distribution In addition to increasing our training capacity by 12%, we trained 110 Mounties in pop-up Academies Mountie Revenue Permanent Academy Pop-up Training Regional Distribution Capacity Completions £132.6m 110 8% 924 £114.6m 5% 6% 828 16% 7% £100.8m 768 8% 6% 710 5% 6% 9% 6% 34% 6%
Slide 6: Mountie Headcount
Mountie Headcount Sector mix has remained relatively constant but with important new client wins and growth in targeted verticals 3% 2% Industries 2019 2018 Banking - Investment 37% 38% 7% 8% Financial Services 12% 11% Government 8% 9% Banking - Retail 7% 9% Banking - Corporate 7% 5% Insurance 7% 5%
Slide 7: Top Clients by Headcount
Top Clients by Headcount 3,000 2,500 2,000 1,500 1,000 500 - Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 HSBC RBC Other Government TD DWP Fannie Mae Lloyds BNP Deutsche Bank Bank of America Shell Morgan Stanley JPMorgan Manulife Sky Standard Life BMO Barclays Aviva M
Slide 8: Service Divisions by Headcount
Service Divisions by Headcount 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19 Development PMO ITSM Testing Business Analysis Data and Operational Analysis Business Intelligence Murex Robotic Process Automation Salesf
Slide 9: CSR & Inclusivity
CSR & Inclusivity At FDM, diversity and inclusion starts at the top. It is ingrained into the FDM culture and championed by the leadership team Nationalities Gender Ethnicity Disability Median Pay Gap 81 80+ ~50% 38%* 3% -1.7% nationalities working of the FDM Management are from a BAME** of FDM UK g
Slide 10: Recognition 2019
Recognition 2019 Female Grad Tech Employer Megabuyte50 Quoted25 Companies Agents of Change Power List Best Contribution to of the Year CEO Rod Flavell Student Career Development The JobCrowd’s Top 100 Companies Best for Vets MINT Minded Top 100 Most Popular For Graduates To Work For Employer Company
Slide 11: Summary
Summary Financial Mountie revenue Adjusted operating Basic Earnings Healthy balance sheet up profit up Per Share up with cash balance of 16% 7% 8% £28.7m Operational Group Mountie headcount Permanent training Back to Business headcount Pop-up training increased capacity increased increased completio
Slide 12: Income Statement
Income Statement for the six months ended 30 June 2019 Six months Six months to 30 June to 30 June 2019 2018 Restated (Unaudited) (Unaudited) £'000 £'000 Revenue 134,396 117,827 Cost of sales (69,314) (60,095) Gross profit 65,082 57,732 Administrative expenses (39,846) (34,538) Operating profit 25,2
Slide 13: Statement of Financial Position
Statement of Financial Position 30 June 30 June 2019 2018 as at 30 June 2019 Restated (Unaudited) (Unaudited) £000 £000 Non-current assets Right-of-use assets 18,920 15,601 Property, plant and equipment 7,360 5,261 Intangible assets 19,732 19,322 Deferred income tax assets 1,988 3,409 48,000 43,593
Slide 14: Statement of Cash Flows
Statement of Cash Flows Six months Six months for the six months ended 30 June 2019 to 30 June to 30 June 2019 2018 Restated (Unaudited) (Unaudited) £'000 £'000 Cash flows generated from operations 21,337 19,520 Interest received 94 63 Income tax paid (4,290) (5,464) Net cash flow from operating act