Page 3 - Beeks Financial Cloud Group Annual Report 2021

Beeks Financial Cloud Group PLC
Financial and Operational Highlights For the year ended 30 June 2021

Company

Highlights

FINANCIAL HIGHLIGHTS - Proximity Cloud, launched post / Joined the STAC Benchmark
/ Revenues increased 24% to year end, alongside a launch Council™ which comprises over
£11.62m (2020: £9.36m) partner and with an initial $1m 350 financial institutions and more
of committed ACMRR which we than 50 vendor organisations to
/ Institutional revenue represents consider to be a transformative develop and promote the use of
91% of total revenue (FY20: 85%) solution for capital markets and standard technology benchmarks
financial services
/ Annualised Committed Monthly - Analytics as a Service, which we OUTLOOK
Recurring Revenue (ACMRR) up consider to be an industry-first, / Positive market environment,
23% to £13.8m (2020: £11.2m) cloud-neutral monitoring solution notwithstanding the ongoing
for the financial markets impact of Covid-19, and
/ Gross profit up 16% to £5.33m considerably increased sales
(2020: £4.57m) / Continued investment in our pipeline
team, with headcount increasing
/ Underlying* EBITDA increased to 80 (30 June 2020: 65) primarily / Confident in securing additional
24% to £4.14m (2020: £3.33m), in revenue generating areas Tier 1 customers in the year ahead
including additional IFRS 16 such as sales and marketing and
adjustment in year of £0.13m (an product development to support / ACMRR further increased to
increase of 20% excluding IFRS 16) our growth objectives £14.8m at 31 August 2021 following
a positive start to the new
/ Underlying profit before tax** / Further expansion of our financial year
increased 13% to £1.61m (2020: data centre geographies with
£1.43m) operations now in Canada STATUTORY EQUIVALENTS
and Australia The previous highlights are
/ Underlying diluted EPS** 2.99p based on underlying results.
(2020: 2.45p) / Successful integration of Reconciliations between underlying
Velocimetrics into the business and statutory results are contained
/ Net cash as at 30 June 2021 of and rebranded as Beeks Analytics within these financial statements.
£1.89m (30 June 2020: Net debt to reflect the broadening of The statutory equivalents of the
£0.75m) Beeks’ offering above results are as follows:

OPERATIONAL HIGHLIGHTS / Developed and expanded / Profit before tax was £1.25m
/ Continued strong growth in operational partnerships with (2020: £0.68m)
Tier 1 customer base a number of counterparties
including SGX, IPC and MEMX, / Basic EPS was 3.07p (2020: 1.13p)
/ Ongoing focus on innovative increasing our ability to generate
product development with the substantial revenue through
launch of two new products: these collaborations

* Underlying EBITDA is defined as earnings before amortisation, depreciation, finance costs, taxation, acquisition
costs, share based payments and exceptional non-recurring costs 1
** Underlying profit before tax and underlying EPS excludes amortisation on acquired intangibles, acquisition
costs, share based payments and exceptional non-recurring costs