Slide 1: HY24 Investor presentation March 2024
HY24 Investor presentation March 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: At the Forefront of Financial Technology Infrastructure
Beeks: At the Forefront of Financial Technology Infrastructure Introduction to Beeks What We Do Beeks is recognised as a leader in Beeks is in the business of building, the financial technology landscape, maintaining and analysing the providing specialised Infrastructure digital infrastructure that
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 +25% +25% +28% +113% +£1.1m £12.96m £26.60m £4.61m £1.38m £5.4m Revenue ACMRR* EBITDA Underlying Net Cash PBT ∕ Is Operational cash flow positive in H1 with increased EBITDA and PBT margins ∕ Strong ACMRR* provides visibility on earnings ∕ Growth of
Slide 7: Accelerating Growth: Beeks' Land and Expand Strategy
Accelerating Growth: Beeks' Land and Expand Strategy Beeks' "Land and Expand" strategy underscores our growth in fintech. The JSE Exchange Cloud timeline illustrates swift client onboarding and top performance. Our Johannesburg deployment and JSE Colo 2.0 launch reflect our commitment to global expa
Slide 8: Continued Growth
Continued Growth ∕ Continued sales growth + 25% HY Key Metrics FY22-FY24 ∕ ACMRR up 25% to £26.6m ∕ 28% growth in EBITDA vs prior period ∕ 2 major proximity/exchange cloud deals delivered in the period ∕ Improved operating profit margins due to growing revenue versus flat overhead cost base ∕ Statut
Slide 9: 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 10: FY24 key objectives
FY24 key objectives ∕ Convert the Exchange ∕ Continue product ∕ Achievement of greater Cloud and Proximity development / adding operational leverage Cloud pipeline feature functionality
Slide 11: Outlook
Outlook Opportunity ∕ We continue to be supported by underlying market trends, with the ongoing shift of the financial services sector to cloud computing ∕ We have a considerable and growing pipeline Outlook ∕ We are profitable, operationally cash generative and well-placed for further growth accele
Slide 12: Appendix
i Eas AAA ———— AVA OT tt OEEEZZZZ NU il
Slide 13: 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 ∕ Currently SVP at S&P Global ∕ 20 years’ experience in the IT ∕ Over 20 years’ experience in
Slide 14: Income Statement
Income Statement Income Statement Dec-21 Dec-22 Dec-23 (£'000) (£'000) (£'000) Turnover 7,724 10,398 12,957 Other income 258 191 185 CoS (2,801) (3,192) (4,895) Dep and Amort (2,215) (3,049) (3,258) Gross profit 2,966 4,348 4,989 Gross Margin % 38% 42% 39% **EBITDA 2,433 3,593 4,610 EBITDA % 31% 35%
Slide 15: Cash Flow
Cash Flow Cash flows from operating activities: DEC 21 DEC 22 DEC 23 (£'000) (£'000) (£'000) Operating cash flows before working capital (including tax paid) 2,521 3,684 4,809 Net receivables/payables/other (1,273) (2,549) 286 Net cash from operating activities 1,248 1,135 5,095 Purchase of PPE (net
Slide 16: Global infrastructure
Global infrastructure Based in the UK with a growing network of key global financial data centres Coming soon: further services, in partnership with IPC, in Mexico with European expansion planned in Spain and the Nordic region. Beeks can support 400+ cross connects in the major international finance
Slide 17: Proximity / Exchange Cloud: Change in Business Model
Proximity / Exchange Cloud: Change in Business Model ∕ Different Revenue Recognition Policy to traditional ∕ Change in % 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 pe