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Tribal Group plc Half year results for the six months ended 30 June 2008 Peter Martin Chief Executive Simon Lawton Group Finance Director 19 August 2008. Contents. Highlights Financial review Operational review Prospects. Highlights. Revenue growth of 9% to £113.3m (2007: £103.8m)

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  1. Tribal Group plcHalf year results for the six monthsended 30 June 2008Peter MartinChief ExecutiveSimon LawtonGroup Finance Director19 August 2008

  2. Contents • Highlights • Financial review • Operational review • Prospects

  3. Highlights • Revenue growth of 9% to £113.3m (2007: £103.8m) • Adjusted operating profit up 10% to £9.5m (2007: £8.6m) • Adjusted profit before tax up 38% to £9.1m (2007: £6.6m) • Adjusted diluted EPS up 37% to 7.4p (2007: 5.4p) • Interim dividend of 1.7p • Acquisition of 72% of HELM Corporation completed for £15.1m • Net debt £7.3m

  4. Financial review Simon Lawton Group Finance Director

  5. Full year Interim Note: Historic figures stated for continuing operations only Financial performance † Before amortisation of intangibles, goodwill impairment and financial instrument costs

  6. Revenue increase of 9% Share-based payments now taken above the line Operating profit* up 10% to £9.5m Improved operating margin to 8.4% Significant fall in interest and bank fees Effective tax rate of 27.5% Interim dividend 1.7p Income statement * Before amortisation of intangibles, goodwill impairment and financial instrument costs

  7. Committed revenue growth

  8. % of Total Education £84m 63% Consulting £27m 20% Support services £22m 17% £133m 2008 £68m 2009 £50m 2010 and beyond £15m Committed revenue At 1 July 2008 £39m £15m £30m £5m £22m £16m £6m

  9. Education Consulting Support services Current pipeline At 1 July 2008 £131m £15m £104m £20m £22m £12m £94m £16m £6m £52m Jun 08 Dec 07 Total £245m £168m

  10. Balance sheet • Intangible assets increased by £18.6m due to acquisitions • Strong working capital management • Low debt includes benefit from increase in restricted cash of £3.8m • Gearing of 3.9% (June 2007: 4.8%)

  11. Group cash flow • Operating profit to cash flow conversion (excluding increase in restricted cash) of 207% (2007: 180%) • Capital expenditure of £2.0m (2007: £4.0m) includes product development costs of £0.8m (2007: £1.0m) • Acquisition of HELM, minority interests and two small bolt-ons aggregate to £18.0m

  12. Group net debt • £40m bank facility until June 2012 with HBoS and HSBC • Protected against future interest rate movements by interest rate swap through to 2010 at 4.99%

  13. Operational review Peter Martin Chief Executive

  14. Analysis Six months to June 2008 * Before central costs

  15. Education

  16. Consulting

  17. Support services Outlook

  18. Acquisitions

  19. Management • Senior appointments made: • Andy Field Chief Operating Officer • Stephen Harris International Development Director • Matthew Swindells Managing Director, Health • Seeking Non-Executive Director appointments

  20. Prospects Peter Martin Chief Executive

  21. Markets • Business model proving resilient • Tighter budgetary controls in the public sector but: • Government priorities remain (particularly in health and education) • Continued flow of significant contract opportunities: • OFSTED inspections • Healthcare commissioning • Offender learning • Welfare to Work • Health facilities • Reform agenda continues: • Performance improvement • Efficiency and quality • Value for money

  22. Group strategy Delivery Consulting • Focus on core public sector markets: • Education • Health • Housing & Regeneration • Local government • Central government • Services span consulting, support and delivery • Focus on competitive advantages • Domain expertise • Breadth of capability • Enhanced technology offering • International development • Selective acquisitions Support

  23. Financial objectives (2008 – 2010) • Target of 10% organic growth in annual revenue over the medium-term • Progressive improvement in operating margins • Increase committed income to 60% of annual revenue • Enhance earnings growth through selective acquisitions • Progressive dividend

  24. Current trading • Trading continues to be in line with our expectations • 87% of 2008 planned revenue secured at 31 July 2008 • Continued focus on margins • Pipeline of opportunities is good • Confident about prospects for remainder of 2008 and beyond

  25. Tribal Group plcHalf year results for the six monthsended 30 June 2008End This presentation is intended only as a summary of key points from Tribal Group plc's announcement of its half year results for the period to 30 June 2008 ("the Half Year Results 2008").  Accordingly, reference should be made to the Half Year Results 2008 and not to this presentation

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