MARLOWE FY22 RESULTS
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AGENDA
- FY22 HIGHLIGHTS & STRATEGIC PROGRESS
- FINANCIAL REVIEW
- SOFTWARE
- PROGRESS IN M&A AND INTEGRATION
- OUR ESG IMPACT & STRATEGIC OUTLOOK
- Q&A
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FY22 KEY FINANCIAL HIGHLIGHTS
Revenue
growth
2022: £315.9m
2021: £192.0m
Divisional adjusted
EBITDA margin
2022: 18.7%
2021: 16.2%
Run-rate Revenue
Materially ahead of schedule for the FY24 end of period target of £500m run-rate revenue
Underlying organic revenue growth3
Organic revenue growth excludes the estimated impact of exceptional COVID revenues. Including this estimated impact, organic growth was +11%
+65%
+250bps
£434m
+9%
+51%
+90%
£77m
£314m
Adjusted basic EPS growth
2022: 37.7p
2021: 25.0p
Adjusted EBITDA1,2
growth
2022: £54.4m
2021: £28.7m
Run-rate EBITDA
Materially ahead of schedule for FY2024 end of period target of £100m run-rate EBITDA
Capital deployed in year4
Including the £135 million acquisition of Optima Health with all acquisitions trading in line or ahead of expectations
3 | Notes: 1) Earnings before interest, taxes, depreciation and amortisation ("EBITDA"). 2) Explanation of non-IFRS measures on slide 27. 3) Organic revenue growth % on a like-for-like basis is defined as the year-on-year growth of our entire business. |
This includes the growth or decline of acquisitions from the day of completion, by including their performance from the corresponding prior period. 4) Based on initial consideration |
MARLOWE'S VISION: END-TO-END COMPLIANCE CYCLE
- Field-basedtesting & inspection services assuring compliance standards across business premises
- SaaS applications which help to manage risk and monitor and control compliance issues at all times
• Regulatory data, information and | ||
practical guidance that enables key | ||
compliance decision makers to assess the | ||
Intelligence | regulations that are applicable to their | |
organisations | ||
• Advice and expertise to help clients remain compliant and safe, providing peace of mind and a competitive edge
Assurance | Consulting |
Software
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OPERATING IN HIGHLY ATTRACTIVE, ACYCLICAL MARKETS WITH STRONG STRUCTURAL TAILWINDS
Attractive, structural trends driving long-term sustainable growth
Key Investment Highlights:
Increasing and evolving regulations
ESG driving emphasis on all areas of
GRC
Demand for end-to-end compliance
Technology improves compliance
New and increasingly complex existing regulations, increased enforcement and insurance requirements, lead to greater requirement for compliance
Increasing corporate and public focus on ESG, compliance and employee health & well-being resulting in larger compliance budgets and increasing importance of markets
As risks become more complex and the regulatory burden more demanding, customers need an integrated, end-to-end offering
A blend of software and service achieves higher standards of compliance and offers major growth opportunities
Recurring revenues & subscriptions
Long-term contracts
Defensive, non-cyclical markets
Non-discretionary products & services
SaaS & digitally-enabled services
Current addressable UK market of £8.4bn
£1.0bn | £0.8bn | £1.0bn | £2.1bn | £1.5bn |
Employment Law | Environmental, | Occupational | Compliance | Water & Air |
& HR | Health & Safety | Health | Software | Hygiene |
£1.7bn | £0.3bn |
Fire Safety & | Contractor |
Security | Compliance |
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Marlowe plc published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 08:50:09 UTC.