NCC Group plc Annual Report 2022

Chief Financial Officer’s review continued

Financial summary continued Revenue summary

% change at actual rates

% change at constant

2022 £m

2022 £m

2021 £m

2021 £m

currency 1

258.5

258.5

Assurance

233.9 10.5% 36.6 53.8%

230.7 12.1% 36.3 55.1%

56.3

56.3

Software Resilience

Total revenue

314.8

314.8

270.5 16.4%

267.0 17.9%

% change at actual rates

% change at constant

2022 £m

2022 £m

2021 £m

2021 £m

currency 1

314.8

314.8

Total revenue

270.5 16.4%

267.0 17.9%

(20.2)

(20.2)

Less: IPM acquisition

n/a

n/a

Revenue excluding IPM acquisition 1

294.6

294.6

270.5

8.9%

267.0 10.3%

% change at actual rates

% change at constant

2022 £m

2022 £m

2021 £m

2021 £m

currency 1

258.5

258.5

Assurance

233.9 10.5% 36.6 (1.4%)

230.7 12.1% 36.3 (0.6%)

36.1

36.1

Software Resilience excluding IPM acquisition

Revenue excluding IPM acquisition 1

294.6

294.6

270.5

8.9%

267.0 10.3%

Operating profit summary

2022 £m 31.9 22.0

2021

£m % change

Assurance

29.6

7.8%

Software Resilience Central and head office

16.0 37.5%

(5.8)

(6.4)

(9.4%)

Adjusted operating profit 1 Individually Significant Items Acquired intangible amortisation

48.1

39.2 22.7%

(0.9) (8.6) (3.9)

(12.7)

(92.9%)

(6.4) (2.8)

34.4% 39.3%

Share-based payments

Operating profit

34.7

17.3 100.6%

Operating profit margin %

11.0%

6.4% 4.6% pts

1 S ee Note 3 for an explanation of Alternative Performance Measures (APMs) and adjusting items. Further information is also contained within the Chief Financial Officer’s Review and the Glossary of terms.

58

NCC Group plc — Annual report and accounts for the year ended 31 May 2022

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