DSW Capital (DSW) Interim results 2023 presentation - November 2022

DSW management, James Dow, CEO and Nicole Burstow, CFO present interim results for the six-month period ended 30 September 2022. James Dow, CEO 00:16 - Introduction 02:04 - Overview of DSW 04:30 - Investment case Nicole Burstow, CFO 06:32 - Current Service lines and business model 12:59 - H1 FY23 Performance highlights 16:02 - H1 FY23 Income statement 19:06 - Cashflow statement 20:39 - Network KPI's James Dow, CEO 22:20 - Profile Boost Post IPO 23:52 - ESG 25:13 - Opportunities for growth 31:23 - Summary and Outlook 33:38 - Q&A About DSW Capital DSW Capital, owner of the Dow Schofield Watts brand, is a profitable, fast growing, mid-market, challenger professional services network with a cash generative business model and scalable platform for growth. Originally established in 2002, by three KPMG alumni, DSW is one of the first platform models disrupting the traditional model of accounting professional services firms. DSW operates licensing arrangements with 20 licensee businesses with 97 fee earners, across seven offices in England and three in Scotland. These trade primarily under the Dow Schofield Watts brand. DSW's vision is for the DSW Network to become the most sought-after destination for ambitious, entrepreneurial professionals to start and develop their own businesses. Through a licensing model, DSW gives professionals the autonomy and flexibility to fulfil their potential. Being part of the DSW Network brings support benefits in recruitment, funding and infrastructure. DSW's challenger model attracts experienced, senior professionals, predominantly with a "Big 4" accounting firm background, who want to launch their own businesses and recognise the value of the Dow Schofield Watts brand and the synergies which come from being part of the DSW Network. DSW aims to scale its agile model through organic growth, geographical expansion, additional service lines and investing in "Break Outs" (existing teams in larger firms). The Directors are targeting high margin, complementary, niche service lines with a strong synergistic fit with the existing DSW Network.