Investor Presentation

2021 Full Year Results

March 2022

Rhona Driggs

Tim Anderson

Chief Executive Officer

Chief Financial Officer

Contents

Overview

Strategy update

Financial review

Operating review

2022 priorities and outlook

Appendices

3

6

11

14

22

26

2

Overview

3

Overview

  • Strong recovery in profits - adjusted profit before tax up 65% on prior year
  • Progressive growth in net fee income
    • H2 up 26% in constant currency on prior year
    • Full year up 14% in constant currency on prior year - growth in all 5 key sectors
  • Adjusted net debt of £14.0m, up only £0.4m from 31 December 2020 despite increased working capital requirements.
  • Three key themes
    • Shift from recovery mode to growth mode
    • Continued focus and progress on operational efficiency through our Stronger Together initiative aimed at making Empresaria a more joined-up, global business
    • Significant investment in senior talent to lead Empresaria through its next phase of growth
  • Well positioned to deliver on our ambition of delivering £20m adjusted operating profit in the medium term

4

Operating highlights

  • Investment to drive future growth
    • Appointment of three experienced regional leaders and creation of regional structure
    • New Chief Marketing Officer - focus on elevating Empresaria brand and improving our overall branding and communication strategy
    • Investment in common front office system - 9 additional operations live during the year
    • Launched new Offshore Recruitment Services delivery hub in Philippines to drive organic growth after a successful trial in collaboration with our in country Professional operation
  • Benefits from operational initiatives demonstrated
    • US Healthcare business maximised the benefit of strong demand through efficient operating model which heavily utilises our offshore recruitment services operation in India
    • Moved a number of operations to a more focused sales and delivery model which has enabled these businesses to operate more efficiently and maximise their client and candidate facing activities
  • Diversification continued to be a key strength
    • Record net fee income and profits in both Healthcare and Offshore Recruitment Services sectors
    • More than offset challenges in 2 of our key businesses
      • Aviation continued to struggle and is not expected to significantly recover in the short term.
      • Significant challenges in the labour market for our German logistics business

5

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Empresaria Group plc published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 12:50:02 UTC.