FD TECHNOLOGIES PLC Annual Report 2022
Accelerating our performance
"The past year has been transformational and has positioned each of our business units for continued success.
KX, operating at the frontier of real-time data analytics, is already seeing the benefits of our investment for growth with all of its key metrics pushing higher; First Derivative is delivering industry-leading services for capital markets customers globally that is pushing its growth to higher levels; while MRP's predictive intelligence capabilities for enterprise demand generation are enabling its clients to make the connections that count.
We are continuing to transform the business and invest in core areas that will help us to accelerate our growth."
Donna Troy
Chairman
KX | First Derivative | MRP |
Page 4 | Page 6 | Page 8 |
Financial highlights
£237.8m | £237.9m | £263.5m | £45.5m | £40.5m | £31.0m |
2020 | 2021 | 2022 | 2020 | 2021 | 2022 |
Revenue | Adjusted EBITDA |
£263.5m £31.0m
Operational highlights
- Successful delivery of accelerated growth strategy, with new Group structure enabling each business unit to deliver its performance targets and investment in KX driving our key metric of growth in recurring revenue
- KX Insights platform launched, with 22 customers signed across financial services, pharma, manufacturing and automotive contributing to growth in exit Annual Recurring Revenue (ARR) of 25%, in line with our target
- Go-to-marketstrategy on track, enabling KX to sign 99 subscription agreements during the year (2021: 40), a 148% increase, while also growing our existing customer base with Net Revenue Retention increasing to 106%
- 40% of KX new deal value in the year generated from Industry (2021: 19%), confirming our growing presence outside our
Business unit KPIs
KX growth in exit annual recurring revenue:
25%
First Derivative revenue growth:
24%
MRP platform revenue growth:
11%
core market of financial services driven by high return on investment evidenced by a Forrester report that shows typical payback on KX in less than six months
- Landmark KX and Microsoft strategic partnership agreement, covering the native integration of KX Insights on Azure and joint development of financial services applications and services, validates our strategy and provides significant growth potential
- Strong growth performance for First Derivative, ahead of our expectations and built on enhancements in our engagement model and investment in business leadership and go-to-market
- MRP delivered good growth and is well placed following the launch of Prelytix 3.0, with enhanced AI and self-service capabilities
In this report
Strategic report
- Highlights
- Investment case
- Business case
- Our business at a glance: KX
- Our business at a glance: First Derivative
- Our business at a glance: MRP
- Chairman's review
- Business model
- Market review
- Strategy
- Key performance indicators
- Working with our stakeholders
- Financial review
- Principal risks and uncertainties
- Corporate responsibility
Corporate governance | Financial statements | |||
44 | 67 | |||
46 | Chairman's governance statement | 75 | ||
49 | 77 | |||
51 | ||||
55 | 78 | |||
ESG Committee | 79 | |||
58 | 81 | |||
63 | 83 | |||
84 | ||||
65 | Statement of Directors' responsibilities | 85 | ||
Annual Report 2022 | FD Technologies plc |1 |
Strategic report
Investment case
Delivering impact
1 KX - Delivering business value through real-time analytics
See page 4.
KX operates at the frontier of real-time data analytics, where the window of opportunity to make critical decisions is narrowing to sub-seconds as data volumes expand and data sources are multiplying. Seamlessly integrating both historic and streaming data to deliver powerful insights, KX's unrivalled analytics platform dramatically reduces time to value for our customers by driving the
most demanding business decisions with real-time continuous intelligence.
Widely adopted throughout the financial industry, where it is employed across a range of data-intensive and business- critical applications, KX is also deployed in industries as diverse as manufacturing, automotive, energy, utilities and telecommunications.
FY22 revenue:
£64.4m
Exit ARR growth:
25%
2 | First Derivative - Technology-led consulting and services |
in financial services and capital markets |
See page 6.
For more than 25 years, First Derivative has delivered industry-leading projects for some of the largest global banks and financial institutions. With a depth of understanding and breadth of experience unequalled in the sector, First Derivative has a hard-won reputation for being able to solve the toughest operational, data and technology challenges for its clients.
First Derivative is leading the data-driven, digital revolution across the evolving Capital Markets sector. First Derivative pushes projects further, faster and always beyond expectations.
FY22 revenue:
£148.0m
Revenue growth:
24%
3 | MRP - Predictive analytics for enterprise |
demand generation | |
MRP is a leading global predictive | It is purpose-built to perform inside |
intelligence organisation, combining | complex environments, empowering |
cutting-edge predictive analytics with a | sales and marketing teams to produce |
full suite of account-based marketing | measurable and high-performance |
solutions. The MRP Prelytix platform is the | conversion, pipeline velocity and |
industry's only enterprise-class predictive | closed revenue. |
Account Based Marketing (ABM) platform. |
See page 8.
FY22 revenue:
£51.1m
Platform growth:
11%
2 | FD Technologies plc | Annual Report 2022 |
Business case
Our purpose
FD Technologies solves business-critical problems to unlock business value.
Who we are | What we do |
We are a group of data-driven businesses that unlock the value of insight, hindsight and foresight to drive organisations forward.
We give every business the ability to realise the true value of their data to achieve their potential.
Our values
No matter what
No problem
When others could say no, we say no problem. By working together to develop our skills, strategies and solutions, we can deliver what has never been done before - and can solve problems that haven't yet been solved.
No limits
Excel collectively. Grow individually. Belong globally. We are honest and to be true to ourselves, we share a responsibility to be the best we can be and to always do the right thing. To exceed limits, empower each other and achieve great things together.
No better
It is our belief that there is no smarter, kinder or better company you could partner with - or be a part of. We understand the importance of balancing our professional and personal worlds
-
and in both we give our best,
take time to give back and never give in.
Our globalreach for scale and growth
Americas | UK | EMEA | AsiaPacific |
42% | 30% | 18% | 10% |
13 | 3,000 | 4 | |||
locations | people | continents |
Annual Report 2022 | FD Technologies plc |3 |
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FD Technologies plc published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 17:11:01 UTC.
