1 2010 results march 2011. 2 disclaimer the information in this presentation does not constitute or...
TRANSCRIPT
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2010 Results
March 2011
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2010 Financials
Highlights
38% revenue growth to £16,360,000
41% gross profit growth to £12,622,000
35% growth in operating profit to £2,216,000
34% increase in pre-tax profit to £2,217,000
25% growth in post-tax profit to £1,480,000
26% increase in fully diluted eps to 11.3p
117% growth in cash flow before financings
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Revenue
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Revenue
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Gross profit
Gross profit margin = 77%Up from 76% in 2009
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Gross profit
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No of account teams (fee earners) 12*
Gross profit per team £1.05m
Staff cost per team £0.36m
Profit contribution per team £0.69m
Profit contribution % (of gross profit) 66%
* Excludes our 2 new countries, Brazil and China which were in start-up mode
Gross profit
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Operating profit
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Operating profit
High proportion of overheads are central …..
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Operating profit
… and a high percentage of central overheads are for growth
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Revenue and operating profit – geographic split
UK back to strong growth
US continues to do well
Decline in Netherlands due to management changes and reorg in its largest client
Newer countries – Switzerland and Germany developing nicely
China and Brazil getting started
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Profit before tax
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Profit after tax
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Diluted EPS
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Diluted EPS
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Diluted EPS
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Dividends
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Cash Flow
Cash flow before financings more than doubled
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Historic growth
Trends bode well for the future…
Revenue Operating Profit
£m £m
Compound annual growth: 2006 – 2010 = 37% Compound annual growth: 2006 – 2010 = 47%