DSW Capital (DSW) FY23 Results presentation - July 2023

James Dow, CEO & Nicole Burstow, CFO present full year 2023 results, followed by Q&A. James Dow, CEO & Nicole Burstow, CFO00:17 Introduction James Dow, CEO01:10 Overview of DSW01:53 Investment case Nicole Burstow, CFO02:34 Current service lines04:30 DSW licence model06:04 Licence model strengths08:38 Central initiatives11:23 FY23 performance highlights13:35 Income statement15:06 Balance sheet15:41 Cash flow16:34 Network KPI’s James Dow, CEO17:52 Opportunities for growth18:47 DSW Bridgewood20:12 Target acquisition service lines21:18 Recruitment pipeline23:36 ESG24:23 Summary26:00 Outlook 26:44 Q&A DSW Capital plc (DSW) is a United Kingdom-based company, which operates as a mid-market, challenger professional services license network. The principal activity of the Company and its subsidiary, DSW Services LLP, is the licensing of the Dow Schofield Watts brand and associated brand names for use in the professional services sector. It operates licensing arrangements with 20 licensee businesses and 97 fee earners, across seven offices in England and two in Scotland, which primarily trade under the Dow Schofield Watts brand. Its United Kingdom market comprises approximately 5,000 professional services firms, which divided into three segments Big 4, mid-market and high-street. The Company offers a range of services, which includes ABL risk management, business planning, business recovery, corporate finance advice, debt advisory, DSW ventures, equity finance, financial due diligence, forensic services, industrial property solutions, tax advisory, valuation services, and wealth planning.