Endava Plc · NYSE:DAVA
Endava — Q2 FY2024 Earnings Presentation
27 slides from Endava's earnings presentation, Feb 29, 2024
Slide 1: Endava
endava
Slide 2: Investor presentation Q2 FY2024
Investor presentation Q2 FY2024
Slide 3: Forward-looking statements
3 This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation, other than statements of historical facts, are forward-looking statements. The words “believe,” “estimate,” “expect,” “ma
Slide 4: Technology is our how. And people are our why.
Technology is our how. And people are our why. For over two decades, we have been harnessing technology to drive meaningful change. By combining world-class engineering, industry expertise and a people-centric mindset, we consult and partner with our customers to create technological solutions that
Slide 5: ee
01 ee Opportunity & Approach
Slide 6: We transform lives through technology
Investor Relations 6 We transform lives through technology. Working side by side with leading brands, we build strategies, products and solutions tailored to unique needs – regardless of industry, region or scale. By combining world-class engineering, industry expertise and a people-centric mindset,
Slide 7: Investment highlights
Investor Relations Opportunity & Approach 7 Large and fast-growing market opportunity Transformation through combining innovative technologies with deep industry expertise Founder-led, experienced management team with strong culture Strong growth and financial performance Ideation to production capa
Slide 8: We build on these pillars to create a positive impact
Investor Relations 8 We build on these pillars to create a positive impact We care for our customers as individuals and empower our people to be the best they can be. People-centricity We leverage the latest technologies to meet diverse customer needs, regardless of industry or scale. Technology Gra
Slide 9: We serve a large addressable market
Investor Relations We serve a large addressable market. IDC Worldwide Digital Transformation Spending Guide, October 2022 update. $3.4T 2026 16.3% Five-year CAGR for digital transformation investments Opportunity & Approach 9
Slide 10: Endavans by region and geography
Investor Relations 10 9% 14% 3% 22% 52% Western Europe & EU Europe Non-EU North America Latin America APAC & MIddle East Q2FY24 Endavans by Region Endavans by Geography FY20 FY21 FY22 FY23 Q2FY23 Q2FY24 Western Europe 448 493 602 659 634 607 Central Europe - EU Countries 3,368 4,469 6,093 5,693 6,19
Slide 11: Endava around the world
Investor Relations 11 Endava around the world 67 cities, 28 countries European Union Austria, Bulgaria, Croatia, Denmark, Germany, Ireland, Netherlands, Poland, Romania, Slovenia and Sweden Europe - Non-EU Bosnia & Herzegovina, Moldova, North Macedonia, Serbia, Switzerland and the United Kingdom Nor
Slide 12: History of Endava
Investor Relations 12 Founded in 2000 Expand to CE Concise UK, IT Consultancy Expand to USA Expand to LATAM IPO NYSE July 2018 Compudava Moldova, Nearshore Location Alpheus Germany, Consulting Business Nickelfish USA, Digital, UX & Strategy firm Velocity Partners USA & LATAM, NA Sales & LATAM Delive
Slide 13: Supported by our capabilities
Investor Relations • Modern application management • Managed cloud • Service delivery • Smart desk • Architecture • Cloud application engineering • Platform engineering • Software security • Test engineering • AR, VR, XR • Artificial intelligence • Data engineering and platforms Data and AI Advisory
Slide 14: Technology disruption waves and convergence
Investor Relations 14 Today Time Payments Retail / CPG HealthTech Insurance Capital Markets Mobility Technology disruption waves & convergence TMT Opportunity & Approach
Slide 15: Payments industry trends
Investor Relations 15 2012 2017 Now 2030 2040+20352025 Open Banking Real Time Payments Crypto Wallets Instant/Digital Issuing DLT in Cross Border Payments Closed Loop Payment Ecosystem ISO 20022 Adoption Vertically-Integrated Payments Micropayments In Car Payments Payments in Metaverse All Payments
Slide 16: Automotive industry trends
Investor Relations 16 2012 2017 Now 2030 2040+20352025 Automotive industry trends Fuel Economy Individual Car Leasing Apple CarPlay Android Auto Semi-autonomous Driving Aids Car Subscription Intelligent Routing Parking, Traffic Jam 5G New (Inductive) Charging Infrastructure In-car Payments for Elect
Slide 17: Our People, Social Impact, Operating Responsibly
Investor Relations 17 Our People / We enable our people to be the best they can be through creating a positive work environment where everyone feels respected, included and connected to our culture. Social Impact / We aim to create a positive difference for the communities where we live and work thr
Slide 18: Financials
02 ee Financials
Slide 19: Financials: Revenue
Investor Relations Financials 19 FY19 FY20 FY21 FY22 FY23 _ FY23 FY24 183.6205.2 188.4196.2794.7654.8446.3351.0287.9 FY19-FY23 CAGR 28.9% Over the last five fiscal years, 90.1% of our revenue each fiscal year, on average, came from customers who purchased services from us during the prior fiscal yea
Slide 20: Financials: Profitability
Investor Relations Financials 20 Profitability FY19 FY20 FY21 FY22 FY23 _ FY23 FY24 10.6 20.3 17.338.6114.2102.454.423.429.1 F 1 June 30 Dec 31 6M FY23 6M FY24 F F 1 Profit before tax (£m) F F Q1 Q2 27.9 58.8 Margin 10.1% 6.7% 12.2% 15.6% 14.4% Q29.9% 5.8% 19.7% 9.2% Q1 6M14.7% 7.5% FY19 FY20 FY21 F
Slide 21: Financials: Client relationships
Investor Relations Financials 21 Client relationships FY19 FY21 FY23 6M FY23 Q2FY24 34%31%34%32%33%34%35%38%38% F 1 June 30 Dec 31 Q2 FY23 Q2 FY24 FY20 F 21 Top 10 clients revenue % FY22 F 6M FY23 6M FY24 FY19 FY20 FY20 FY21 FY22 _ Q2FY23 Q2FY24 150156146134856563 F 1 June 30 Dec 31 Q2 FY23 Q2 FY24
Slide 22: Financials: Number & spend of clients
Investor Relations Financials 22 Number & spend of clients FY19 FY20 FY22 Q2FY23 698703711732615416275 June 30 Dec 31 Q2 FY23 Q2 FY24 FY20 FY21 FY22 FY23FY19 Total no. of clients FY19 FY21 FY23 6M FY23 Q2FY24 6,2506,45012,79012,85026,03022,15015,59013,38010,870 June 30 Dec 31 Q2 FY23 Q2 FY24 FY20 FY
Slide 23: Geography & Industry verticals
Investor Relations Financials 23 FY19 FY20 FY21 FY22 FY23 _ Q2FY23 Q2FY24 31%33%32%35% 31%29% 27% 26% 23%23%21%24%24%28% 34%39%39%41%42%44%45% UK Europe N. America RoW June 30 Dec 31 Q2 FY23 Q2 FY24 Revenue by Region Geography & Industry verticals 3% 3% 3% 6% 9% * Other includes consumer products, h
Slide 24: Financials: CAPEX & Adjusted FCF
Investor Relations Financials 24 CAPEX & Adjusted FCF FY19 FY20 FY21 FY22 FY23 _ FY23 FY24 1.4 4.2 0.83.413.513.75.27.36.1 F 1 June 30 Dec 31 6M FY23 6M FY24 F F 1 Capital expenditures (£m) F F Q1 Q2 2.2 7.6 % of Revenue 2.1% 2.1% 1.2% 2.1% 1.7% Q22.0% 0.8% 1.7% 0.4% Q1 6M1.9% 0.6% FY19 FY20 FY21 FY
Slide 25: Appendix
03 ee Appendix
Slide 26: IFRS to Non-IFRS reconciliation
Investor Relations Appendix 26 IFRS to Non-IFRS reconciliation 2019 2020 2021 2022 2023 2022 2023 2022 2023 Reconciliation of Revenue Growth at Constant Currency to Revenue Growth as Reported under IFRS Revenue Growth as Reported under IFRS 32.3 % 21.9 % 27.2 % 46.7 % 21.4 % 31.6 % (7.3)% 30.2 % (10
Slide 27: Endava
endava