Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — FY2017 Earnings Presentation
16 slides from Fdm Group (holdings)'s earnings presentation, 2018
Slide 1: FDM Group (Holdings) plc Results for the year ended 31 December 2017
FDM Group (Holdings) plc Results for the year ended 31 December 2017 Rod Flavell - CEO Mike McLaren - CFO
Slide 2: 2017 Operational highlights
2017 Operational highlights Strong operational performance…… Mounties on Client Site New Clients +47% (at year end) 2017 72 3,170 +17% 2016 49 +8% 2,705 (CAGR) 2015 65 +27% (CAGR) 2014 57 2,022 1,539 Training Completions -10% 2017 2016 1,626 1,807 +20% 2014 2015 2016 2017 (CAGR) 2015 1,240 2014 938
Slide 3: 2017 Financial highlights
2017 Financial highlights …. reflected in strong financial performance Mountie Revenue (£m) Adjusted Operating Profit (£m) Closing Cash (£m) +24% +26% 2017 2016 37.6 47.3 +32% 2017 2016 27.8 36.8 +33% +24% +44% 207.3 (CAGR) (CAGR) 2015 30.2 (CAGR) 2015 22.4 2014 24.9 2014 12.3 167.3 Adjusted Basic E
Slide 4: Geographic Review
Geographic Review UK & Ireland 2017 2016 North America 2017 2016 Revenue £131m £113m +16% Revenue £75m £57m +32% Mountie revenue £107m £94m +14% Mountie revenue £74m £54m +36% Mounties on client sites 1,744 1,505 +16% Mounties on client sites 965 832 +16% Adjusted operating profit £31.5m £27.8m +13%
Slide 5: Regional Distribution
Regional Distribution Revenue outside the UK and Ireland continues to grow and now represents 49% of total Mountie revenue Mountie Revenue Regional Academy Capacity Distribution 777 49% 710 44% 7% 4% 38% 6% 3% 7% 522 31% 452 2% 9% 8% 36% 32% 26% 20% 2014 2015 2016 2017 Dec-14 Dec-15 Dec-16 Dec-17 NA
Slide 6: Mountie Headcount
Mountie Headcount Good growth in Government Sector; Ex-Forces and Getting Back to Business programmes now comprise over 10% of Mountie headcount Industries 2017 2016 1.6% 0.8% Banking - Investment 36% 36% Financial Services 13% 12% 7.0% Government 10% 8% Banking - Retail 10% 11% 8.9% Banking - Corpo
Slide 7: Top Clients by Headcount
Top Clients by Headcount Sustained growth coming from the Home Office, RBC, Deutsche Bank and Standard Chartered 2,500 2,000 1,500 1,000 500 - Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Home Office DWP Other Government HSBC Barclays Fanni
Slide 8: Service Divisions by Headcount
Service Divisions by Headcount Business Analysis and PMO both grew by over 100 heads over the last 12 months. Encouraging growth in technical streams, particularly Development, Business Intelligence and Murex 3,500 3,000 2,500 2,000 1,500 1,000 500 - Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15
Slide 9: Market Trends and Drivers
Market Trends and Drivers FDM’s robust business model places us well to fulfil growing market demand for tech talent across the globe $3.7tr • Global IT spending projected to reach $3.7 Trillion in 2018 (Gartner) • Growing to almost $4tr by 2021 (Gartner) Market Drivers Transformational Trends Geopo
Slide 10: Market Trends and Drivers (cont.)
Market Trends and Drivers (cont.) FDM’s robust business model places us well to fulfil growing market demand for tech talent across the globe 500,000 • Shortages of IT specialists forecast to reach c.500,000 by 2020 (Empirica) Demand Challenges Supply • 40% of employers worldwide face • Education co
Slide 11: CSR & Inclusivity
CSR & Inclusivity 75+ ~50% 0.0% 48% 81 nationalities working of our 0% median gender pay of UK intake in 2017 together as a team management gap in the UK were from a BAME* at FDM are female (UK average of 18.4%) background *Black, Asian or Minority Ethnic Social Mobility Ex-Forces and Veterans Retur
Slide 12: Achievements
Achievements The Guardian UK 300 – Awarded Company of the The 6th company in the UK Recognised as a Top 50 Most Popular Graduate Year at the TechWomen50 to release its gender pay gap Employer in the UK Social Employers for 2017/18 Awards 2017 reporting figures 2017 Mobility Index 2017 Featured in th
Slide 13: Summary
Summary Financial Further geographic expansion; non Healthy balance Dividend per FDM Group Adjusted UK and Ireland sheet with Adjusted basic share increased (Holdings) plc operating profit Mountie revenue £36.8m cash EPS up 26% by 33% to 26.0 entered the FTSE up 26% is now 49% of balances year on ye
Slide 14: Income Statement
Income Statement for the year ended 31 December 2017 2017 2016 £'000 £'000 Revenue 233,575 189,403 Cost of sales (129,323) (103,291) Gross profit 104,252 86,112 Administrative expenses (60,496) (50,691) Operating profit 43,756 35,421 Financial income 29 28 Financial expense (130) (128) Net finance e
Slide 15: Statement of Financial Position
Statement of Financial Position as at 31 December 2017 2017 2016 £'000 £'000 Non Current Assets Property, plant and equipment 4,926 5,011 Intangible assets 19,471 19,533 Deferred tax asset 2,275 772 26,672 25,316 Current assets Trade and other receivables 30,716 29,164 Cash and cash equivalents 36,8
Slide 16: Statement of Cash Flows
Statement of Cash Flows for the year ended 31 December 2017 2017 2016 £'000 £'000 Cash flows generated from operations 48,280 39,373 Interest received 29 28 Income tax paid (13,263) (8,751) Net cash generated from operating activities 35,046 30,650 Cash flows from investing activities Property, plan