only | Ignite Limited |
use | |
CEO Presentation | |
23 November 2021 | |
ersonal |
www.igniteco.com
Agenda
• | FY21 Financial Review |
only | FY21 Operating Division Results |
• | |
• | FY22 YTD Operational Review |
• | Specialist Recruitment Two Year Trend |
• | Leadership Appointments |
• | Market Opportunity |
use | Our Strengths |
• | |
• | Three Year Outcomes |
• | Three Year Strategy |
• | People and Culture Strategy |
• | Engagement Survey Feedback |
ersonal | Ignite in 2024 |
• | |
• | Strategy Delivery |
www.igniteco.com
FY21 Financial Review
only | 2021 | 2020 | Change | ||
Year ended 30 June | $000 | $000 | +/(-)% | ||
Revenue | 113,878 | 125,958 | (9.6) | ||
Gross profit | 13,488 | 15,267 | (11.7) | ||
Gross profit margin | 11.8% | 12.1% | |||
use | Profit/(loss) for the year | 2,415 | (3,777) | 163.9 | |
Loss before JobKeeper | (136) | (3,777) | 96.4 | ||
Operating cash flow | 670 | 4,581 | (85.4) | ||
Net assets | 5,330 | 2,916 | 82.8 | ||
Highlights
- Current year represents the best underlying operating result since 2012.
- Profit for the year included $2,551k in net JobKeeper payment subsidies.
- Improved performance is the result of a decrease in net operating overheads through business rationalisation.
ersonalwww.igniteco.com
FY21 Operating Division Results
2021 | 2020 | Change | |||
Year ended 30 June | $000 | $000 | +/(-)% | ||
Specialist Recruitment | Revenue | 104,659 | 114,477 | (8.6) | |
only | Gross profit | 11,146 | 12,440 | (10.4) | |
Revenue | 9,219 | 11,481 | (19.7) | ||
Managed Services | |||||
Gross profit | 2,342 | 2,827 | (17.2) |
useSpecialist Recruitment - Revenue and gross profit decreased in line with each other while gross profit margin was largely steady. Experienced reduced contingent labour volumes in business support vertical and reduced permanent recruitment volumes.
ersonalManaged Services - Revenue and gross profit impacted by COVID-19 during the year with projects delayed and reduced volumes at client sites.
www.igniteco.com
FY22 YTD Operational Review
Specialist Recruitment - Revenue and gross profit increased year on year (10.8%) driven by increases in contingent labour onlyvolumes and permanent recruitment in certain markets. We have also seen an increase in our gross margin per contractor
which has had a positive impact on our gross profit result.
Managed Services - Revenue and gross profit decreased year on year due to extended lockdowns across various States and Territories, in particular NSW and Victoria, with limited access to client sites driving down ticket volumes and COVID-19 related uncertainty delaying projects. We are now seeing a return on ticketed work within On Demand and pipeline in Talent
useSolutions in Q2.
ersonalwww.igniteco.com
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Ignite Limited published this content on 22 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 November 2021 23:18:09 UTC.