Materially ahead of schedule for the FY24 end of period target of £500m run-rate revenue
Underlying organic revenue growth3
Organic revenue growth excludes the estimated impact of exceptional COVID revenues. Including this estimated impact, organic growth was +11%
+65%
+250bps
£434m
+9%
+51%
+90%
£77m
£314m
Adjusted basic EPS growth
2022: 37.7p
2021: 25.0p
Adjusted EBITDA1,2
growth
2022: £54.4m
2021: £28.7m
Run-rate EBITDA
Materially ahead of schedule for FY2024 end of period target of £100m run-rate EBITDA
Capital deployed in year4
Including the £135 million acquisition of Optima Health with all acquisitions trading in line or ahead of expectations
3
Notes: 1) Earnings before interest, taxes, depreciation and amortisation ("EBITDA"). 2) Explanation of non-IFRS measures on slide 27. 3) Organic revenue growth % on a like-for-like basis is defined as the year-on-year growth of our entire business.
This includes the growth or decline of acquisitions from the day of completion, by including their performance from the corresponding prior period. 4) Based on initial consideration
MARLOWE'S VISION: END-TO-END COMPLIANCE CYCLE
Field-basedtesting & inspection services assuring compliance standards across business premises
SaaS applications which help to manage risk and monitor and control compliance issues at all times
• Regulatory data, information and
practical guidance that enables key
compliance decision makers to assess the
Intelligence
regulations that are applicable to their
organisations
• Advice and expertise to help clients remain compliant and safe, providing peace of mind and a competitive edge
Assurance
Consulting
Software
4
OPERATING IN HIGHLY ATTRACTIVE, ACYCLICAL MARKETS WITH STRONG STRUCTURAL TAILWINDS
New and increasingly complex existing regulations, increased enforcement and insurance requirements, lead to greater requirement for compliance
Increasing corporate and public focus on ESG, compliance and employee health & well-being resulting in larger compliance budgets and increasing importance of markets
As risks become more complex and the regulatory burden more demanding, customers need an integrated, end-to-end offering
A blend of software and service achieves higher standards of compliance and offers major growth opportunities
Recurring revenues & subscriptions
Long-term contracts
Defensive, non-cyclical markets
Non-discretionary products & services
SaaS & digitally-enabled services
Current addressable UK market of £8.4bn
£1.0bn
£0.8bn
£1.0bn
£2.1bn
£1.5bn
Employment Law
Environmental,
Occupational
Compliance
Water & Air
& HR
Health & Safety
Health
Software
Hygiene
£1.7bn
£0.3bn
Fire Safety &
Contractor
Security
Compliance
5
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Marlowe plc published this content on 28 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2022 08:50:09 UTC.
Marlowe plc is engaged in business-critical services and software, which assure regulatory compliance. The Company operates through two segments: Governance, Risk & Compliance (GRC) and Testing, Inspection & Certification (TIC). GRC encompasses its consulting and software solutions across health & safety, employment law and human resource, occupational health, enterprise risk management and eLearning. Its service in TIC revolves around its clientsâ business premises compliant. Its services address compliance requirements across fire safety & security and water & air hygiene. The Companyâs fire safety and security services provide comprehensive range of services to ensure fire safety, security, and compliance with associated safety regulations. Its compliance software platforms are used by clients to implement governance frameworks and to manage, monitor, audit and control risk, compliance, and performance throughout their organizations.