Investor Presentation

2022 Full Year Results, March 2023

Rhona Driggs

Tim Anderson

Chief Executive Officer

Chief Financial Officer

Welcome

03

Overview

06

Strategy Update

Rhona Driggs

Chief Executive Officer

Tim Anderson

Chief Financial Officer

08 11

Financial ReviewOperating Review

17 20

OutlookAppendices

Overview

Overview

  • • Solid growth in net fee income - up 10% on prior year, with year-on-year growth in every quarter of 2022 but softening as H2 progressed

  • • Adjusted operating profit increased by 10%

  • • Adjusted profit before tax up 5% reflecting higher net interest costs

  • • Adjusted net debt of £7.9m, down by £6.1m from 31 December 2021

  • • Dividend increased to 1.4p (+17%)

  • • Key themes

    • • Very strong growth in Offshore Services

    • • Ongoing benefits from diversification

    • • Operational investments continue and are delivering benefits

  • • Board strengthened in early 2023 with the appointment of two new NEDs

  • • Remain well positioned to realise our ambition of delivering £20m adjusted operating profit in the medium term

Operating highlights

  • • Very strong growth in Offshore Services

    • • Headcount increased to more than 2,500 - up 27% from 31 December 2021

    • • Net fee income up 75%, profit up 73%

    • • Investment in infrastructure to enable further growth

    • • Strong UK demand driven by Healthcare

    • • Slowdown in US demand in H2 driven by IT

  • • Ongoing benefits from diversification

    • • Strong growth across Offshore Services, Professional and IT in APAC

    • • Strong growth in Professional and logistics in UK & Europe

    • • Outweighed expected drop in Healthcare and client supply chain issues in German temporary business

  • • Operational investments continue and are delivering benefits

    • • Growth in sales and recruitment teams - up 8% (excluding Offshore Services)

    • • Starting to see benefits from our investment in a common front office

    • • Expansion of our service offering delivered some encouraging success in delivering RPO, particularly in APAC

    • • Continuing to drive forward the move to a focused sales and delivery model (180 model)

Attachments

Disclaimer

Empresaria Group plc published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2023 10:53:37 UTC.