Northcoders Group Plc · LSE:CODE
Northcoders — H1 2021 Earnings Presentation
29 slides from Northcoders's earnings presentation, Sep 28, 2021
Slide 1: Northcoders Group plc Interim results to June 2021
0 Northcoders Interim results for the six months ended 30 June 2021 Northcoders Group plc Interim results to 30 June 2021 28 September 2021 northcodersgroup.com
Slide 2: Overview
1 Northcoders Interim results for the six months ended 30 June 2021 Overview Founded in December 2015, Northcoders provides software coding training programmes through: • ‘bootcamp’ training courses • government funded apprenticeships • bespoke training courses • software development solutions Reven
Slide 3: Business model - Revenue streams
2 Northcoders Interim results for the six months ended 30 June 2021 Business model - Revenue streams B2C B2B Consumer Services / Bootcamps Apprenticeships Corporate Solutions • 12- 14 week intense coding bootcamp, online with • 13 month, on the job training • Provides corporates with bespoke, in hou
Slide 4: The Northcoders Team
3 Northcoders Interim results for the six months ended 30 June 2021 The Northcoders Team Presentation Team Other Board Members Amul Batra Chief Operating Officer Chris Hill Charlotte Prior Founder & Chief Executive Chief Financial Officer Officer Nick Parker Sandy Lindsay Non-Executive Director Non-
Slide 5: Business Highlights
4 Northcoders Interim results for the six months ended 30 June 2021 Business Highlights Core hubs successfully reopened post COVID in north of England with Manchester H1 FY21 Financial Highlights reopening on 4 May and Leeds on 21 June Revenue of £1.085 million (H1 2020: £0.698 million) Consumer
Slide 6: Northcoders Key Strengths
5 Northcoders Interim results for the six months ended 30 June 2021 Northcoders Key Strengths Balanced, flexible Strong market Strong Market leading business model drivers brand services Real world coding education - over Courses are delivered Two thirds of UK businesses Reputation for excellence ha
Slide 7: Financial Review
6 Northcoders Interim results for the six months ended 30 June 2021 Financial Review
Slide 8: Income statement
7 Northcoders Interim results for the six months ended 30 June 2021 Income statement 6 months ended 6 months ended Year ended 30 June 2021 30 June 2020 31 December 2020 £ £ £ Revenue 1,085,646 698,860 1,341,493 Gross profit 788,418 478,642 892,175 Gross margin 73% 68% 67% Adjusted EBITDA* 257,880 (2
Slide 9: Statement of cash flows
8 Northcoders Interim results for the six months ended 30 June 2021 Statement of cash flows 6 months ended 30 June 2021 6 months ended 30 June 2020 Year ended 31 December 2020 £ £ £ Cash flows from operating activities: 257,880 (14,249) (282,392) Changes in working capital: (Increase)/decrease in tr
Slide 10: Statement of financial position
9 Northcoders Interim results for the six months ended 30 June 2021 Statement of financial position 30 June 2021 30 June 2020 31 December 2020 £ £ £ Non current assets 636,033 689,968 686,200 Current assets 1,714,016 982,370 1,116,219 Total assets 2,350,049 1,672,338 1,802,419 Current Liabilities (1
Slide 11: Business Overview & Growth opportunities
10 Northcoders Interim results for the six months ended 30 June 2021 Business Overview & Growth opportunities
Slide 12: Business Credentials
11 Northcoders Interim results for the six months ended 30 June 2021 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 Approximately 95%+ of graduat
Slide 13: Northcoders operates in a growing market
12 Northcoders Interim results for the six months ended 30 June 2021 Northcoders operates in a growing market Growing shortage of coding skills increasingly apparent Digital transformation a high priority Need for coding skills permeating many sectors and not only the technology sector COVID has bro
Slide 14: Northcoders Growth Plan
13 Northcoders Interim results for the six months ended 30 June 2021 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’ reputati
Slide 15: Competitive Landscape
14 Northcoders Interim results for the six months ended 30 June 2021 Competitive Landscape Fragmented Opportunity for Coding market selective acquisitions Bootcamps Large Small Specialist “Brick & Mortar” Apprenticeship Digital Apprenticeship Universities Providers & Colleges providers
Slide 16: Further Growth Opportunities…
15 Northcoders Interim results for the six months ended 30 June 2021 Further Growth Opportunities… Corporate Solutions Division - Bespoke Software Engineering for Corporates - Building Coding Teams “as a service” And in the longer term….. - Skills for all - Coding Lessons and “Platform As A Service”
Slide 17: Summary & Outlook
16 Northcoders Interim results for the six months ended 30 June 2021 Summary & Outlook Group continues to progress IPO strategy of expanding geographic reach Applications expected to accelerate as a result of increased marketing spend post-IPO Q3 FY 2021 trading continues at record levels and
Slide 18: Thank You… Any Questions?
17 Northcoders Interim results for the six months ended 30 June 2021 Thank You… Any Questions?
Slide 19: Disclaimer
18 Northcoders Interim results Proposed AIM for IPOthe six months ended 30 June 2021 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 pl
Slide 20: Appendix I: Team Biographies
19 Northcoders Interim results for the six months ended 30 June 2021 Appendix I: Team Biographies
Slide 21: Directors & Advisers
20 Northcoders Interim results for the six months ended 30 June 2021 Directors & Advisers Chris Hill Amul Batra Charlotte Prior Amy Wild Nick Parker Sandy Lindsay MBE – – A Founder & Chief – Chief Operating – Chief Financial – Chief Commercial – Non-Executive Non-Executive Chair Executive Officer Of
Slide 22: Senior Management Team
21 Northcoders Interim results for the six months ended 30 June 2021 Senior Management Team Ruth Ng Sam Caine Jonny Rathbone – Head of Northcoders – Dev Team Leader – Dev Team Leader Apprenticeships Sam joined as a tutor/lecturer in Before Northcoders, Jonny After a sales career in the tech May 2017
Slide 23: Graduate Data Analysis
22 Northcoders Interim results for the six months ended 30 June 2021 Graduate Data Analysis A survey of Northcoders’ graduates was conducted in Sep 2020. Over 300 Northcoders responded providing feedback on their industry. This showed: Coding Language Graduate Salary JavaScript/Node Moved jobs at le
Slide 24: Testimonials
23 Northcoders Interim results for the six months ended 30 June 2021 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 technical knowledge at Northcoders is
Slide 25: Northcoders’ Transformation
24 Northcoders Interim results for the six months ended 30 June 2021 Northcoders’ Transformation 2019: Profitable & Cash generative 2020 Transformation 2021 Benefit despite: Large training Increased Hybrid model facilities EBITDA Labour intensive Online lead sales and marketing Scalable processes ge
Slide 26: TechEd - Powered by IP rich EdTech
25 Northcoders Interim results for the six months ended 30 June 2021 TechEd - Powered by IP rich EdTech Tech is developed end-to-end by in- house development team, including: • a scalable cloud-based learn to code platform for beginners; • an internal job advertisement board for its graduates; • a h
Slide 27: Appendix III: Northcoders History
26 Northcoders Interim results for the six months ended 30 June 2021 Appendix III: Northcoders History
Slide 28: Northcoders’ History
27 Northcoders Interim results for the six months ended 30 June 2021 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
Slide 29: Northcoders’ History continued….
28 Northcoders Interim results for the six months ended 30 June 2021 Northcoders’ History continued…. Q3 2019 Q2 2019 Q4 2019 Signed a bespoke Launched 2nd year of Q3 2020 agreement to deliver Won Tech Business Thoughtworks an in-house of The Year for City Underrepresented Northcoders launches bootc