Empresaria : ​Investor Presentation - Interim Results 2022

Investor Presentation

2022 Interim Results, August 2022

Overview

• Solid growth in net fee income - H1 up 15% on prior year
• Adjusted operating profit increased by 5% reflecting ongoing investment in the business
• Adjusted net debt of £10.8m, down by £3.2m from 31 December 2021
• Key themes
• • Very strong growth in Offshore Services
  • Ongoing benefits from diversification
  • Operational investments continue and are delivering benefits
• On track to deliver full year results in line with market expectations
• Well positioned to realise our ambition of delivering £20m adjusted operating profit in the medium term

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Operating Highlights

• Following appointment of regional leaders in 2021, the Group has moved to a regional reporting structure
• Very strong growth in Offshore Services
• • Headcount increased to more than 2,700 - up 36% from 31 December 2021
  • Net fee income up 91%, profit up 94%
  • Investment in infrastructure in H2 to enable further headcount growth
• Ongoing benefits from diversification
• • Strong growth across Professional and IT in APAC
  • Strong growth in Professional and logistics in UK & Europe
  • Offset by 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 5% (excluding Offshore Services)
  • More than 60% of operations, and nearly 70% of planned users, live on our front office system - starting to see benefits across the operations that are live as we drive adoption
  • Expanding our service offering with some encouraging success in delivering RPO, particularly in APAC

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