"Good performance whilst advancing strategy to focus on software businesses"
Over 90% of local UK authorities are customers for one or more of our products
1,200+ customers & 500+ employees with offices in the UK, Europe and India
Continuing revenues c.£70 million* & adjusted EBITDA margin of 30%+
*annualised impact of FY21 acquisitions and disposals
3
H1 FY22 Highlights
The first half of FY22 has seen a robust operational and financial performance.
Order intake of c.£40m, up 15% from H1 FY21, with strong pipeline underpinning our confidence over the medium term.
Contract wins and extensions with increased average tenure across both our Public Sector Software (PSS) and Engineering Information Management (EIM) businesses.
Double-digitgrowth in revenue and profit in Public Sector Software buoyed by FY21 acquisitions; weaker performance in EIM due to global uncertainties.
Integration of 2021 acquisitions substantially complete and to plan.
Continued upscaling of Pune, India, centre of excellence to increase efficiency, capability, and knowledge sharing.
Good progress on furthering our M&A pipeline with strengthened and dedicated team, led by Rob Grubb.
4
H1 FY22 Highlights
Revenue Recurring Revenue Adjusted EBITDA*
£33.2m
£19.8m
£11.0m
+7%
+13%
+8%
H1 FY21: £31.1m
H1 FY21: £17.6m
H1 FY21: £10.1m
Adjusted FD EPSNet Debt
1.21p
£3.8m
+7%
-54%
H1 FY21: 1.13p
FY21: £8.1m
*Adjusted EBITDA is defined as earnings before amortisation, depreciation, restructuring, acquisition costs, impairment, corporate finance costs and share option costs.
The highlights noted above are for continuing operations.
Revenues up 7% in the period, driven by strong contribution from FY21 acquisitions
Recurring revenues now account for 60% of Group revenues
Step up in earnings driven by FY21 acquisitions
Continued strong cash performance leading to a further material reduction in Net Debt from FY21 year end position
Continued focus on M&A pipeline with good financial resources to transact further bolt-onacquisitions
5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
Original Link
Original Document
Permalink
Disclaimer
IDOX plc published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 06:12:05 UTC.
Idox plc is a United Kingdom-based supplier of specialist information management software and solutions to the public and asset intensive sectors. The Company operates through three segments: Land Property & Public Protection (LPPP), Assets, and Communities (COMM). Its LPPP segment delivers specialist information management solutions and services to the public sector. The Companyâs Assets segment delivers engineering document management and control solutions to asset intensive industry sectors. Its COMM segment delivers software solutions to clients with social value running through their core. Its solutions include regulatory services, engineering information management, computer aided facility management (CAFM), public protection, electoral services, social care and special educational needs and disabilities (SEND), sexual health management, funding and information services, transport network management, hospital asset tracking and records management, and address data solutions.
IDOX PLC 
