Slide 1: Northcoders Group plc 2021 Full Year Results
0 Northcoders Group PLC 2021 Full Year Results Northcoders Group plc 2021 Full year results 26 April 2022 northcodersgroup.com
Slide 2: The Northcoders Team
1 Northcoders Group PLC 2021 Full Year Results The Northcoders Team Presentation Team Other Board Members Amul Batra Joined 2016 Chief Operating Officer Joined 2018 Chris Hill Charlotte Prior Founder & Chief Executive Chief Financial Officer Officer Joined 2021 Joined 2022 Nick Parker Angela William
Slide 3: 2021 Highlights
2 Northcoders Group PLC 2021 Full Year Results H1 FY21 Financial Highlights 2021 Highlights Revenue of £3.0m (2020: £1.3m) Financial Operational Up 124% • Revenue increased 124% to £3.0m • Continued to expand geographic footprint Underlying EBITDA of £0.4m (2020: loss £0.3m) (FY20: £1.3m) driven by
Slide 4: Business Overview & Growth Opportunities
3 Northcoders Group PLC 2021 Full Year Results Business Overview & Growth Opportunities
Slide 5: Overview
4 Northcoders Group PLC 2021 Full Year Results Overview Founded in December 2015, Northcoders mission is to close the digital skills gap whilst creating life changing opportunities for individuals. We strive towards a world where everyone’s second language is CODE. To fulfil our mission we provide s
Slide 6: Business model - Revenue streams
5 Northcoders Group PLC 2021 Full Year Results Business model - Revenue streams B2C B2B Consumer Services / Bootcamps Apprenticeships Corporate Solutions • 13 week intense coding bootcamp, online with in • 13 month, on the job training • Provides corporates with bespoke, in house training person tut
Slide 7: Northcoders Key Strengths
6 Northcoders Group PLC 2021 Full Year Results Northcoders Key Strengths Balanced, flexible Strong market Strong brand Market leading Champion diversity & business model drivers services inclusion 1.2 million new technically Reputation for excellence has Real world coding education - over Inclusivit
Slide 8: Business Credentials
7 Northcoders Group PLC 2021 Full Year Results Business Credentials A leading coding school for graduate outcomes Quality applicants Inclusivity Employability Challenging entry test and pre course support Growing percentage of women and people from 94% of graduates find employment within 54 days of
Slide 9: Competitive Landscape
8 Northcoders Group PLC 2021 Full Year Results Competitive Landscape Fragmented Opportunity for Coding market selective acquisitions Bootcamps Large Small Specialist “Brick & Mortar” Apprenticeship Digital Apprenticeship Universities Providers & Colleges providers
Slide 10: Significant and growing market
9 Northcoders Group PLC 2021 Full Year Results Significant and growing market - Growing shortage of coding skills increasingly apparent - Need for coding skills permeating many sectors and not only the technology sector - Digital transformation a high priority “Two thirds of UK “22% growth rate in j
Slide 11: Environmental, Social and Governance
10 Northcoders Group PLC 2021 Full Year Results Environmental, Social and Governance Making tech accessible. For everyone. Key social and environmental achievements • We have awarded 294 fully funded DfE scholarships. These provide training for people who couldn’t otherwise Inclusivity is at our hea
Slide 12: Financial Review
11 Northcoders Group PLC 2021 Full Year Results Financial Review northcodersgroup.com
Slide 13: Income statement
12 Northcoders Group PLC 2021 Full Year Results Income statement Year ended Year ended 31 December 2021 31 December 2020 % Increase £ £ % Revenue 3,010,357 1,341,493 124 Gross profit 2,161,965 892,174 142 Gross margin 72% 67% Adjusted EBITDA* 359,475 (255,056) 241 Margin 12% -19% Operating (loss)/pr
Slide 14: Statement of cash flows
13 Northcoders Group PLC 2021 Full Year Results Statement of cash flows Year ended 31 December 2021 Year ended 31 December 2020 % Increase £ £ Cash flows from operating activities: (29,456) (282,392) 90 Changes in working capital: (Increase)/decrease in trade & other receivables (1,117,345) 39,678 D
Slide 15: Statement of financial position
14 Northcoders Group PLC 2021 Full Year Results Statement of financial position 31 December 2021 31 December 2020 % Increase £ £ % Non current assets 1,276,488 732,376 Current assets 3,123,832 1,066,270 Total assets 4,400,320 1,798,646 145 Current Liabilities (889,524) (998,677) Net current assets/(
Slide 16: Operational review
15 Northcoders Group PLC 2021 Full Year Results Operational review northcodersgroup.com
Slide 17: Northcoders Growth Plan
16 Northcoders Group PLC 2021 Full Year Results Northcoders Growth Plan Platform to exploit increasing demand and achieve significant growth Roll-out of further regional hubs supported by a scalable hybrid delivery model. Objective to be nationwide provider with ‘go-to’ reputation Ability to deliver
Slide 18: Delivering our strategy
17 Northcoders Group PLC 2021 Full Year Results Delivering our strategy Expanding our hub network 2022 2016 2019 2021 Manchester Leeds Newcastle Birmingham, Liverpool, Grimsby 2023 & Sheffield During the year Northcoders taught Northcoders successfully launched In 2021 Northcoders developed a new st
Slide 19: Delivering our training
18 Northcoders Group PLC 2021 Full Year Results Delivering our training • Northcoders received 3662 applications in 2021 and enrolled 424 students • Northcoders Teched enrolled 99 apprentices • The teaching team grew by 113% in the period from 15 to 32 • 30% of students taught in the year were non-
Slide 20: Summary & Outlook
19 Northcoders Group PLC 2021 Full Year Results Summary & Outlook • The Group continues to progress IPO strategy of expanding geographic reach and increasing product range • Application momentum continuing into the new year with very strong pipeline for 2022 o 240 students have started the course so
Slide 21: Thank You… Any Questions?
20 Northcoders Group PLC 2021 Full Year Results Thank You… Any Questions?
Slide 22: Disclaimer
21 Northcoders Group PLC Northcoders Proposed AIM IPO 2021 Full Year Results Disclaimer The information contained in this confidential document (the “Presentation”) has been prepared by and is the sole responsibility of Northcoders Group plc (the “Company”) in connection with its proposed placing of
Slide 23: Appendix I: Team Biographies
22 Northcoders Group PLC 2021 Full Year Results Appendix I: Team Biographies
Slide 24: Directors & Advisers
23 Northcoders Group PLC 2021 Full Year Results Directors & Advisers Chris Hill Amul Batra Charlotte Prior Angela Williams – Non- Nick Parker – A Founder & Chief – Chief Operating Officer – Chief Financial Officer Executive Chair – Non-Executive Director Executive Officer Prior to joining Northcoder
Slide 25: Senior Management Team
24 Northcoders Group PLC 2021 Full Year Results Senior Management Team Amy Wild Sam Caine Lisa Claydon – Chief Commercial Officer - Director of Technology - MD of Apprenticeships Sam joined as a tutor/lecturer Lisa is a target-oriented Amy has over 17 years of in May 2017. As Northcoders service ind
Slide 26: Graduate Data Analysis
25 Northcoders Group PLC 2021 Full Year Results Graduate Data Analysis A survey of Northcoders’ graduates was conducted in September 2020. Over 300 Northcoders responded providing feedback on their industry. This showed: Coding Language Graduate Salary JavaScript/Node Moved jobs at least once Still
Slide 27: Testimonials
26 Northcoders Group PLC 2021 Full Year Results Testimonials Abi Hart Krishan Tanna Head of talent acquisition Finance Executive to Software Engineer, BJSS “The quality of teaching, standards and the level of “Simply put - the best learning experience I technical knowledge at Northcoders is fantasti
Slide 28: Appendix III: Northcoders History
27 Northcoders Group PLC 2021 Full Year Results Appendix III: Northcoders History
Slide 29: Northcoders’ History
28 Northcoders Group PLC 2021 Full Year Results Northcoders’ History Founded in December 2015, the Company has developed an excellent reputation in the market, both with employers and students. Additional funding at this time will enable Northcoders to accelerate its growth and strengthen its market