Lucy Dimes, CEO & Scott Cunningham, CFO
Interim Results
For 6 Months Ended 30th September 2024
27th November2024
INTRODUCTION
Table of
Contents
Iomart Group results for six months ended 30th September 2024.
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- Delivering Our Strategy - 'Bigger, Better, Bolder'
- Atech Acquisition & Combined Strength
- H1 FY25 Performance
- Strategic Outlook
- Questions & Answers
Lucy Dimes | Scott Cunningham |
Iomart Group plc, CEO | Iomart Group plc, CFO |
Delivering Our Strategy
1. DELIVERING OUR STRATEGY
Delivering
our strategy
Transformational acquisition provides confidence in growth ahead.
1 |
2 |
3 |
Streamlined & Integrated
Single operating model to drive best practise adoption and unified brand positioning.
Differentiation Enablers
Focused functional transformation programmes to drive high performance and greater impact.
Bolder M&A Focus
Targeting larger acquisitions to drive growth in strategic areas and realise impact sooner.
All sales, product, marketing and customer management under single leaders.
30% growth in order bookings.
Transformational acquisition of Atech - achieved our 'plan A'.
Bigger, Better, Bolder!
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While H1 trading was mixed, we have entered H2 a significantly stronger business.
Iomart New Logo Clients - H1 Highlights
Back-Up as a Service | Azure Consultancy & CSP | M365 & Azure CSP | Back-Up as a Service | BaaS & M365 CSP & VCF |
Commvault | Microsoft | Microsoft | Commvault | Microsoft & VMware |
Iomart Existing Clients - H1 Highlights
Migration to Azure & SOC | Cloudsure to VCD migration | New Managed Back-Up service |
Microsoft | VMware | Commvault |
1. DELIVERING OUR STRATEGY
Rejuvenated
Iomart
The acquisition marked a significant milestone in our strategy to be "Bigger, Better, Bolder".
+650 | +6,000 | £161m | |||||
deeply skilled and | customers supported in | of combined revenue | |||||
accredited colleagues | delivering business critical | delivered in the last 12 | |||||
across the globe | managed services | months | |||||
Our enlarged group and combined capabilities will allow us to compete more effectively in the market with enhanced services, top-tier vendor partnerships, greater scale and references across Cloud Managed
Services, Modern Work, Data Protection and Cyber Security; cementing
our position as the UK's leading secure cloud provider.
Combined, Atech & Iomart is now one of the UKs most accredited
providers of hybrid cloud and security managed services.
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Atech Acquisition
2. ATECH ACQUISITION
Introducing
Atech
Established in 2009, Atech has scaled to become one of the most accredited partners in the UK for Modern Work, Security and Azure.
Formally achieving Microsoft's coveted Azure Expert MSP accreditation in September 2024.
Security | Azure | Microsoft 365 |
24 X 7 x 365 Managed Services & Security Ops Centre
Fully managed services and security for business
and enterprise customers.
Professional Services
Digital transformation & security enablement projects
Assess > Design > Implement > Manage
Licensing Services
Direct CSP licensing for Microsoft 365 and
Azure across all workloads.
People
Over 100 skilled colleagues headquartered in Marlow, UK, with a further 50 based in India.
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2. ATECH ACQUISITION
Attractive
Customer Base
Atech brings proven mid-market expansion potential.
Delivering a 3-yearrevenue CAGR of c.18%, largely through expansion with
Multi-yeartenure customer base focused on mid-market and enterprise customers (200 to 2,500+ users) across multiple sectors including Financial Services, Insurance and Energy.
Focused on customers requiring a full end-to-end offering from strategic consultancy and transformation through to managed services.
Recurring product licensing, Azure consumption and hardware / software sales a by-product of the wider solution set.
existing customers.
Customer Case Study:
UK-based retail financial services client.
Delivered 3X revenue in FY23 compared to FY21.
Overview: Initial engagement for Active Directory remediation project, followed by Modern Identity programme. Now transitioned to full multi-year Cyber transformation programme.
Solution: 3-year transformation and security architecture programme to roll out multiple security solutions including deploying Sentinel, Purview and CyberArk.
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"Atech has a breadth of knowledge that local providers can't match. As we vary across our security
capabilities, it can provide the right expertise to deliver the necessary solution."
2. ATECH ACQUISITION
Significant Potential
Together
We are combining our capabilities immediately to unlock revenue opportunities.
Combined Sales | MSFT capabilities, | Industrialisation | Unlock greater |
and Marketing | accreditation and | of customer care | opportunities |
power and pipeline. | partner track record. | and retention. | |
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1. Accelerate new customer acquisition
Bring the force of our combined sales, marketing and product functions
together to accelerate new customer acquisition. Building on Atech strength in customer expansion.
2. Increase customer | 3. Cross-sell security & |
retention | Microsoft capabilities |
By significantly broadening | Immediately promote new |
our product portfolio and | Atech capabilities to our |
strengthening credibility in | Iomart customer base to |
high-demand areas, we | capture new whitespace |
are increasingly more | revenue from Microsoft |
relevant to our customers | Modern Work, Azure and |
growing needs. | Security services. |
2. ATECH ACQUISITION
Mobilising
- powerful combination
Phase One (Oct - Dec)
Bigger, Better, Bolder
Phase Two (Jan - March) | Phase Three (April +) |
The Catalyst Programme will combine our businesses over three distinct phases.
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Mobilise combination plan and progress HR, Finance, Technical, Operations, Product, Marketing, Sales & Legal functions.
Brand proposition refresh with targeted cross-marketing communications to Iomart's top 200 customers on the
'power of our combination'.
Consolidate all Microsoft delivery under Atech centres of excellent and combine all Microsoft procurement to further leverage Atech's top- tier Microsoft partner status.
Progress unified values, employee proposition and joint internal communications strategy.
Mobilise joint product, branding and marketing campaigns.
Launch re-aligned sales to service model.
Complete M365 IT systems integration.
Combined Group and Sales Kick off sessions.
Launch unified training and accreditation programmes.
Implement targeted quarterly marketing campaigns to acquire new customers and upsell to existing customers.
