Ignite : CEO Presentation to AGM

only	Ignite Limited
use
CEO Presentation
23 November 2021
ersonal

www.igniteco.com

Agenda

•	FY21 Financial Review
only	FY21 Operating Division Results
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•	FY22 YTD Operational Review
•	Specialist Recruitment Two Year Trend
•	Leadership Appointments
•	Market Opportunity
use	Our Strengths
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•	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