Beeks Financial Cloud Group Plc · LSE:BKS
Beeks Financial Cloud — FY2024 Earnings Presentation
21 slides from Beeks Financial Cloud's earnings presentation, October 2024
Slide 1: FY24 Investor presentation
FY24 Investor presentation October 2024 Gordon McArthur CEO Fraser McDonald CFO
Slide 2: Disclaimer
Disclaimer The information contained in this document (the "Presentation") has been prepared by Beeks Financial Cloud Group plc (the "Company"). This Presentation has not been approved by an authorised person in accordance with section 21 of the Financial Services and Markets Act 2000 and therefore
Slide 3: Beeks: Powering Financial Markets with Cutting-Edge Infrastructure
Beeks: Powering Financial Markets with Cutting-Edge Infrastructure Introduction to Beeks What We Do Beeks is a trusted leader in financial Beeks designs, deploys, and manages technology, delivering Infrastructure robust digital infrastructure, enabling as a Service (IaaS) optimised for financial ins
Slide 4: Core Focus: Infrastructure as a Service Solutions for Capital Markets
Core Focus: Infrastructure as a Service Solutions for Capital Markets Trading Infrastructure At the heart of Beeks is our IAAS solutions, tailored for the fast-paced environment of capital markets Trading Infrastructure is the cornerstone of our IaaS offerings. WAN Connectivity and Network Performan
Slide 5: Revolutionizing Capital Markets: Beeks IAAS Solutions
Revolutionizing Capital Markets: Beeks IAAS Solutions £1-20k Monthly £1-5m £3-20m Recurring TCV TCV Private Cloud Proximity Cloud Exchange Cloud Custom-built for financial institutions Tailored for trading entities that require A game-changer for connectivity and trading demanding dedicated, secure,
Slide 6: Another period of significant double-digit growth
Another period of significant double-digit growth Consistent growth trajectory Annualised Committed Monthly Recurring Revenue (ACMRR) (£m) 30 +27% +18% +£2.2m 25 £28.5m £28.0m £6.6m 20 15 10 5 Revenue ACMRR* Net Cash 0 1H20 2020 1H21 2021 1H22 2022 1H23 2023 1H24 2024 ∕ Growth in revenue resulting i
Slide 7: Proven Growth: Beeks' Land and Expand Strategy
Proven Growth: Beeks' Land and Expand Strategy Beeks’ "Land and Expand" strategy has delivered exceptional results with the JSE Exchange. Starting with a small deployment, we've rapidly expanded our capacity to meet growing demands. This demonstrates our ability to scale with clients, ensuring long-
Slide 8: Beeks: Bringing cloud to Exchanges
Beeks: Bringing cloud to Exchanges Everything we do is bespoke to Exchanges. Our Technology Delivery Tried and Tested Unique ∕ Exchanges use multicast ∕ We white-label the solution ∕ The Exchanges are ∕ There’s no other product like it. environments, unlike standard for the Exchange, placing the tra
Slide 9: Established Markets and Emerging Markets
Established Markets and Emerging Markets We see emerging markets presenting a considerable growth area for our Exchange Cloud product, alongside developed markets, focusing on stock exchanges across Asia-Pacific, EMEA, and beyond. Strategic hires, including Adam Bradley, former Head of Sales at ASX,
Slide 10: Enhancing our analytics offering through AI
Enhancing our analytics offering through AI ∕ We have increased investment into Artificial Intelligence in AI/ML Use cases the year to increase the potential for our Analytics offering. Forecasting Natural Language Interface ∕ We believe that the latency and client experience insights that our analy
Slide 11: Continued Growth – key financial metrics
Continued Growth – key financial metrics ∕ Continued consistent sales growth £30.0m Key Metrics FY22-FY24 + 27% to £28.5m ∕ ACMRR up 18% to £28m £25.0m ∕ 27% growth in EBITDA to £10.7m ∕ 68% growth in PBT to £3.9m £20.0m ∕ Improved operating profit margins due to growing revenue versus £15.0m relati
Slide 12: FY 24 Cash Flow
FY 24 Cash Flow Cash flows from operating activities: FY22 FY23 FY24 (£000) (£000) (£000) Increase in operating cash flow + 32% (+52% Operating cash flows before working capital (including tax paid) 6,754 8,375 11,068 after movement in working capital) Net receivables/payables/other (2,246) (1,443)
Slide 13: FY25 Areas of investment
FY25 Areas of investment ∕ Further investment in security controls focused on elevating the cyber maturity including achieving SOC 2 Type 2 compliance for Proximity Cloud and Exchange Cloud product ∕ Further Infrastructure investment to deliver on pipeline (£1.8m of existing stock) ∕ Further custome
Slide 14: Investment Opportunity: Beeks Group
Investment Opportunity: Beeks Group 1. Strong Growth and Stability 2. Financial Strength and Profitability 20-30% Beeks boasts a remarkable track record of Cash Transitioning into a profitable and cash-generative Top Line achieving 20-30% top-line growth annually. This phase, Beeks now stands on sol
Slide 15: FY25 key objectives
FY25 key objectives ∕ Convert the Exchange ∕ Continue product ∕ Achievement of greater Cloud and Proximity development / adding operational leverage Cloud pipeline feature functionality
Slide 16: Outlook
Outlook Opportunity ∕ Favourable market trends as the financial services sector continues to shift to cloud computing ∕ Significant opportunity to scale Exchange Cloud through expansion with existing customers, the JSE contract serving as an example of the expansion potential once a customer has sig
Slide 17: Appendix
gg Es AAA Es ALAA HT E7777 a
Slide 18: Board
Board Gordon McArthur Fraser McDonald Mark Cubitt Will Meldrum CEO CFO Chairman Independent NED Kevin Covington Independent NED ∕ Founder & CEO since 2011 ∕ At Beeks since 2016 ∕ 26 years of PLC experience ∕ Over 27 years’ experience in ∕ 20 years’ experience in the IT ∕ Over 20 years’ experience in
Slide 19: Income Statement
Income Statement Income Statement June-22 June-23 June-24 (£'000) (£'000) (£'000) Turnover 18,289 22,357 28,487 Other income 512 361 371 CoS (6,995) (7,881) (10,832) Dep and Amort (3,867) (5,721) (6,684) *Gross profit 7,939 9,116 11,342 Gross Margin % 43% 41% 40% **EBITDA 6,311 8,420 10,725 EBITDA %
Slide 20: Global infrastructure
Global infrastructure Based in the UK, Beeks continues to expand its global presence with a growing network of key financial data centres worldwide. Our partnership with IPC will soon bring services to Mexico, with further European expansion planned in Spain and the Nordic region. Beeks currently su
Slide 21: Proximity / Exchange Cloud: Revenue Recognition
Proximity / Exchange Cloud: Revenue Recognition ∕ Different Revenue Recognition Policy to traditional ∕ % Recurring Revenue Private Cloud (Software/hardware element) – c50% ∕ Accounting only – not cash upfront on day 1 ∕ Reported separately ∕ Long-term contracts with high TCV (c$1m per rack) ∕ Addit
Beeks Financial Cloud Group — FY2024 Earnings Presentation on 6ix