Fdm Group (holdings) Plc · LSE:FDM
Fdm Group (holdings) — FY2024 Earnings Presentation
20 slides from Fdm Group (holdings)'s earnings presentation, March 2025
Slide 1: Powering the people behind tech and innovation
Powering the people behind tech and innovation
Slide 2: Results for the year ended 31 Dec 2024
Results for the year ended 31 Dec 2024 Rod Flavell - CEO Mike McLaren - CFO
Slide 3: Highlights for the year ended 31 December 2024
Highlights for the year ended 31 December 2024 Revenue (£m) Adjusted Profit Before Tax ¹ (£m) Adjusted PBT margin ¹ (%) Profit Before Tax (£m) 330.0 334.0 55.6 52.0 50.2 267.7 267.4 46.7 17.5% 45.7 257.7 42.0 15.7% 15.8% 15.0% 41.0 41.4 34.0 13.2% 28.1 -23% -32% -1.8ppts. -49% vs 2023 vs 2023 vs 202
Slide 4: Highlights for the year ended 31 December 2024
Highlights for the year ended 31 December 2024 Consultants deployed at year end Consultant utilisation ¹ % 4,905 97.3% 97.5% 4,033 94.8% 3,580 3,892 92.8% 92.9% 2,578 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 -34% +0.1ppts. vs 2023 vs 2023 Number in coaching at year end Coaching completions
Slide 5: Highlights for the year ended 31 December 2024
Highlights for the year ended 31 December 2024 Consultants deployed by region Consultant tenure 2,500 10% 24% 20% 19% UK 2,000 45% 36% 26% NA 1,500 YR3+ 44% 53% EMEA 30% YR2 1,000 54% 54% YR1 APAC 500 32% 28% 25% - 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 New clients Internal Staff Headcoun
Slide 6: Our markets
Our markets • The market remained challenging in 2024. Year-end UK 2022 2023 2024 24 vs 23 24 vs 22 headcount decreased by 25% from December 2023 • The mix of our Consultant population shifted towards more Consultants deployed 1,958 1,411 1,056 (25%) (46%) experienced resource as clients managed red
Slide 7: Our markets
Our markets EMEA 2022 2023 2024 24 vs 23 24 vs 22 • Consultant headcount decreased 22% from December 2023 Consultants deployed 318 327 256 (22%) (19%) • During the year we carried a higher than typical number of undeployed Consultants, contributing to the adjusted Coaching completions 223 256 138 (4
Slide 8: Headcount by industry
Headcount by industry Industries 2022 2023 2024 Banks 53% 51% 47% Financial Services 14% 15% 14% Insurance 7% 7% 7% Government 6% 6% 8% Commercial & Professional Services 4% 4% 6% 2024 Energy 3% 4% 3% Software & IT Services 5% 3% 3% Media & Entertainment 3% 3% 2% Retailing 1% 1% 2% Materials 1% 1% 1
Slide 9: FDM AI Strategy & Opportunity
FDM AI Strategy & Opportunity FDM aims to be an AI leader, delivering AI consulting projects and deploying AI-skilled teams for clients, rapidly and at scale 2025 is the beginning of the Goldilocks period for AI deployment. Use cases are emerging rapidly, technology is now deployable at acceptable c
Slide 10: FDM Practices
FDM Practices During the year there was a major change in the delivery of our training, with the launch of the new FDM Practices methodology. This is a skills-based, experiential model in our new Skills Lab. Software Engineering Change & The Skills Lab enhances our operations with Transformation fle
Slide 11: Sustainability & Inclusivity
Sustainability & Inclusivity Gender Social mobility Nationalities 49% 88% 80+ 1 % female attended a nationalities within senior state school working together management as a team at FDM team and their direct reports UK Mean gender pay gap Disability GHG Emissions -2.5% 3% < 1 tCO2e The UK business a
Slide 12: Summary
Summary • FDM delivered a resilient performance for 2024 against a backdrop of very challenging market conditions • Revenue of £257.7m (2023: £334.0m) and adjusted profit of £34.0m (2023: £50.2m) • Strong balance sheet, with no debt • In respect of 2024 an interim dividend of 10.0p has been paid and
Slide 13: Technology Partnerships
Technology Partnerships 11 FDM Group (Holdings) plc - Results for the year ended 31 December 2024
Slide 14: Our Programmes Ex-Forces and Veterans
Our Programmes Ex-Forces and Veterans 2023 2024 • Supporting and transitioning former service personnel into tech and business Consultants 163 105 • Ex-Forces in Business Awards: Rod Flavell 1,050+ won Advocate of the Year (Individual) 2024 • Great British Employers of Veterans Top 50 List 2024 form
Slide 15: FDM recognition
FDM recognition 13 FDM Group (Holdings) plc - Results for the year ended 31 December 2024
Slide 16: AI Case Study
AI Case Study • Client: Securitisation arm of a large multi-national bank with over 80,000 employees and revenues exceeding US$80BN • Problem: Speed up transition from manual document review and summarisation to an automated process while meeting compliance requirements • Solution: o FDM deployed 5
Slide 17: Income Statement
Income Statement 2024 £'000 2023 £'000 For the year ended 31 December 2024 Revenue 257,704 333,975 Cost of sales (142,754) (177,449) Gross profit 114,950 156,526 Administrative expenses (87,511) (101,500) which includes: Exceptional items (4,894) - Operating profit 27,439 55,026 Finance income 1,927
Slide 18: Statement of Financial Position
Statement of 2024 2023 £'000 £'000 Non-current assets Financial Position Right-of-use assets Property, plant and equipment Intangible assets 19,614 1,974 19,464 18,215 2,616 19,571 Deferred income tax assets 481 552 As at 31 December 2024 41,533 40,954 Current assets Trade and other receivables 28,5
Slide 19: Statement of Cash Flow
Statement of 2024 2023 £'000 £'000 Cash Flow Cash flows generated from operations 33,108 61,499 Interest received 1,927 1,396 Income tax paid (5,796) (12,741) For the year ended 31 December 2024 Net cash inflow from operating activities 29,239 50,154 Cash flows from investing activities Acquisition
Slide 20: Forward-looking statements
Forward-looking statements This report contains statements which constitute “forward-looking statements”. Although the Group believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. Because