FINTEL PLC Inspiring Better Outcomes
Inspiring better outcomes
Operating at the heart of the market, we're the connecting force within retail financial services. By simplifying and improving the complex financial services world, we inspire better outcomes for everyone.
BVisit our website to find out more:www.wearefintel.com
Highlights
Operational highlights
− Growth in SaaS and subscription revenue across all operating divisions
− Strategic partnership to deploy proprietary advice technology for up to 2,500 additional users through Tatton Asset Management
− Increasing revenue quality including successful scaling of distribution as a service ("DaaS")
− Solid EBITDA margin delivered during a year of investment in digital growth and strategic divestment
− Significant strategic progress with successful sale of non-core Zest Technology and disposal of Verbatim funds
− Development of comprehensive ESG strategy
Financial highlights − Positive net cash of £2.6m (FY20: net debt of £19.4m)
− Strong balance sheet with £45m revolving credit facility
Revenue (£m)
£63.9m +5%
Adjusted EBITDA* (£m)
£18.3m +6%
2021 63.9 2021 18.3
2020 61.0 2020 17.3
2019 62.8 2019 17.7
Adjusted EPS* (p)
10.5p** -7%
2021 2020 2019
10.5
11.3
Alternative performance measures
Basic EPS (p)
15.7p +89%
2021 15.7
2020 8.3
12.9
2019 9.2
* Adjusted EBITDA and adjusted EPS are alternative performance measures for which a reconciliation to a GAAP measure is provided in note 8 on page 74 and note 13 on page 77 respectively. More information on our key performance measures can be found on page 19.
**The reduction against the prior year is as a direct result of the one-off impact of the change in UK Corporation Tax rates from 19% to 25%. Excluding this one-off impact, the EPS would have been 12 pence per share on a like-for-like basis.
Contents
Strategic report
1 Our strategic framework
4 Investment case
5 Chair's statement
7 Joint Chief Executive Officers' statement
11 Q&A
13 Markets
14 Business model
15 Stakeholder engagement
17 Our strategy
19 KPIs
20 Digitisation
21 ESG
28 Financial review
31 Risk management report
34 Viability statement
Corporate governance
35 Board of Directors and Company Secretary
37 Corporate governance report
41 ESG and Wellbeing Committee report
43 Audit Committee report
45 Nomination Committee report
47 Remuneration report
51 Directors' report
52 Statement of Directors' responsibilities
Financial statements
53 Independent auditor's report
59 Consolidated statement of profit or loss and other comprehensive income
60 Consolidated statement of financial position
60 Company statement of financial position
61 Consolidated statement of changes in equity
62 Company statement of changes in equity
62 Consolidated statement of cash flows
63 Notes
92 Notice of annual general meeting
100 Company information
1
Our strategic framework
Our purpose
To inspire better outcomes within retail financial services
Our mission
To simplify and improve UK retail financial services by acting in the best interests of the market
Our values
Knowledge Influence Excellence
Customer outcomes
B Joint CEOs' statement on page 7
Better business
Enabling services
B Our business model on page 14
Underpinned by our ESG pillars
Better industry
B Our approach to ESG on page 21
Key drivers
B Our markets on page 13
Better future
A unique market position
BVisit our website to find out more on how we support retail financial services: www.wearefintel.com/h/ inspiring-better-outcomes/
We exist to improve outcomes in retail financial services. We do this by acting in the best interests of the market, connecting and enabling product providers, intermediaries and consumers, bringing them together through people, insights and technology.
B View our business model on page 14
Connecting the market
As a connecting force, we help the market meet the evolving needs of today's consumer. By supporting product development with consumer behaviour insights and expert analysis, we help providers to build better products, and connect them with intermediaries. Our proprietary research and ratings services improve choice, experience and outcomes for consumers, helping them to make better informed decisions.
B View our markets on page 13
Enabling the market
We empower product providers, intermediaries and consumers by giving them the tools, knowledge and insights to make better informed financial decisions.
By continuously developing our services, our technology and our team, we deliver the solutions the market needs to evolve.
B View our strategy on pages 17 and 18
3
At a glance continued
Knowledge
We take the challenges our customers face and transform them into effective, relevant solutions which benefit everyone.
19%
of all new IFA, mortgage and consumer credit firm regulatory applications were advised by experts from Fintel
Influence
We use our intelligence, awareness and experience to connect our clients with consumers and shape a better financial future.
>£40bn
of investment recommendations were made through Fintel's proprietary advice technology
Reach
Combining the largest provider of intermediary business support with the industry-leading financial information, ratings and Fintech business, we serve a diverse customer base with an extensive product platform to inspire better outcomes for all.
>10,000
financial intermediaries use Fintel's services and/or technology
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Disclaimer
Fintel plc published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 06:13:07 UTC.
