To be the center of excellence

where people and organizations

VISION find tools and resources to thrive,
innovate and create new
opportunities.

Leveraging innovation and

technology to transform people MISSION
and organizations for excellent
performance.
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6
 Improving B/D,
KEY BUSINESS Sales and
Conversion rates.
STRATEGIES
Ensure strategic
hires and
increased
retention.

Diversification
and New
business. Automation
and increase in
efficiency.

Employee
welfare
development
 KEY BUSINESS HIGHLIGHTS
Consistent (Back
to Back) successful
delivery of value
and engagements.
Healthy work High traction for
environment open class (the
(Increased most open classes
employee we’ve had in the
welfare). first half of the
year).
 Jan Mar May Jul

Achieved highest
Relaunched our Human
revenue/profitabilit
Agile Management
y in a month; N9,
transformation. Resource System.
582, 728.84

Onboarded key Organized and Successfully Successfully

resource/initiated delivered first ever completed our email organized and
implementation of large scale training and website delivered open class
better employee with over 250 migration/delivery with more than 10
welfare. participants. and completion of delegates.
training for 3
Feb April different Jun
organizations.
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6
Title: Financial Report (Half Year
2023)
 Table of Content
4. Summary of financial account
1. MAY 2023 Financial data (MAY 2023)

2. Graphical representation of MAY

financial data gathered. 5. JUNE Income Projection

4
3. Operating expenses 6. Revenue Performance: Financial
and Customer.
 Q1 & Q2 2023 Financial Data
DETAILS Q1 TOTAL Q2 TOTAL HALF YEAR TOTAL

Total Operating Income 21,862,300.94 19,258,610.75 41,120,911.69

Total Cost of Goods Sold 6,437,690.87 14,355,880.00 20,793,570.87

Gross Profit 15,424,610.07 4,902,730.75 20,327,340.82

Total operating expenses 10,371,953.28 9,005,514.74 19,377,468.02

Operating profit/loss 5,052,656.79 - 4,102,783.99 949,872.80

Non Operating expenses - 71,497.42 3,000.00 - 68,497.42

Net Profit/loss 4,964,759.37 - 4,099,783.99 864,975.38

Graphical representation of Q1 & Q2 2023
Financial Data
HALF YEAR CHART
25,000,000.00

20,000,000.00

15,000,000.00

10,000,000.00

5,000,000.00

-
e ld fi t ses ss ses ss
om So ro n /lo n /lo
(5,000,000.00) n c d s P pe fit pe fit
gI oo ss ex r o x o
n G r o g g p ge t Pr
ati G n tin
(10,000,000.00) r of ra
ti n Ne
pe os
t e r ati era
al
O
al
C o p pe O
p
t t tal O n
To To To No

June Q2 TOTAL
 Profitability Ratio

HALF YEAR
DETAILS Q1 TOTAL Q2 TOTAL TOTAL

Gross Profit Ratio 0.71 0.25 0.49

Net profit Ratio 0.23 - 0.21 0.02

Return on Capital Employed - 0.07 - 0.20 - 0.20

Operating Cost Ratio 0.47 0.47 0.47

 Brief Analysis of Ratios
 GROSS PROFIT RATIO: In Q1, the gross profit margin stood at 71% while in Q2, the gross profit margin was 25%. A drop of approximately
46%. it is important to note that this reduction due to the cost of corporate trainings in Q2 and the slight reduction in revenue compared
to Q1.
 NET PROFIT RATIO: A negative net profit margin of 21% in Q2 shows how we have been spending on both operational cost and project
cost despite not having an increasing rate of income compare to our spending especially in the month of June, where we incurred about
N7 million on both project and operational cost compare to the income of about N600,000 generated.
 OPERATING COST RATIO: A low operating cost ratio indicates that there is enough income to cater for the expenses. Therefore, the best
operating month was February even though it has the highest operating expenses. Operating cost ratio high in march because there was
a low income compared to the expenses incurred.
 RETURN ON CAPITAL EMPLOYED: This provides profitability performance and capital efficiency. The higher the ROCE, the better. In this
case, we had a negative 7% ROCE in Q1 and still drop to a negative 20% in Q2.
 Operating expenses and its Percentages Trend
HALF YEAR
OPERATING EXPENSES Q1 TOTAL Q2 TOTAL TOTAL
Key Operating Expenses
Salaries and Allowance 4,547,073.00 4,320,300.00 8,867,373.00
Travel Expenses
Outstanding Directors Allowance (Jan) 500,000.00 - 500,000.00
Team Benefit and Activities
HR Expenses 410,000.00 - 410,000.00
Marketing & Communication Expenses
Legal Expenses 72,050.00 547,373.00 619,423.00
Website expenses

Business Development Expenses 1,800,000.00 - 1,800,000.00 Branding Expenses

Statutory Compliance 360,147.50 505,622.68 865,770.18 Audit Expenses

Gifts and Donations

Gifts and Donations 290,000.00 1,163,100.32 1,453,100.32
Statutory Compliance
Audit Expenses 210,000.00 90,000.00 300,000.00
Business Development Expenses
Branding Expenses 216,000.00 209,350.00 425,350.00
Legal Expenses
Website expenses 743,625.00 542,500.00 1,286,125.00
HR Expenses

Marketing & Communication Expenses 156,500.00 - 156,500.00 Outstanding Directors Allowance (Jan)

Team Benefit and Activities - 357,529.00 357,529.00 Salaries and Allowance

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Travel Expenses 157,500.00 - 157,500.00
June Q2 TOTAL
TOTAL 9,462,895.50 7,735,775.00 17,198,670.50
Summary of Financial Account (HALF YEAR)

DETAILS AMOUNT

PROFIT & LOSS 864,975.38

CASHFLOW 522,564.18
 Half Year Revenue Performance 2023

REVENUE PERFORMANCE

Q1   Q2   HALF YEAR TOTAL  

DETAILS Expected Actual   Expected Actual   Expected Actual  

B2C (Open
class) 30,157,000.00 1,311,003.00 4% 47,344,000.00 1,036,837.50 2% 77,501,000.00 2,347,840.50 3%

B2B 240,000,000.00 6,701,186.74 3% 240,000,000.00 18,661,985.75 8% 480,000,000.00 25,363,172.49 5%

Other Income   14,250,000.00   -       -  

Total 270,157,000.00 22,262,189.74 8% 287,344,000.00 19,698,823.25 7% 557,501,000.00 27,711,012.99 8%

 Half Year Customer Performance 2023

CUSTOMER PERFORMANCE
Q1   Q2   HALF YEAR TOTAL  
DETAILS Expected Actual   Expected Actual   Expected Actual  

B2C (Open
class) 130 9 7% 160 7 4% 290 16 6%

B2B 12 - 0% 12 1 8% 24 1 4%
Total 142 9  172 8 13% 314 17 10%
 Receivables and Prepayments as at 15th July 2023
Receivables as at 15th July 2023 Prepayments AS AT 15th July 2023

AMOUNT
PROJECT BALANCE EXPECTED PROJECT RECEIVED

NNPC DASM 6,000,000.00 FIRS M & E 3,990,000.00

NNPC CBAP 6,400,000.00 FIRS PMI- RMP 11,381,773.25

NASENI 11,325,125.00 FIRS ISO 31000 RM 101,250,000.00

FIRS ISO RETAINER (Mar 23-

May 23) 15,000,000.00 TOTAL 116,621,773.25

CBN Project Management 13,000,000.00

51,725,125.00
Income Projection For July 2023

INCOME PROJECTION FOR JULY 2023

  AMOUNT
B2B 60,000,000.00
B2C (Open Class) 4,124,000.00
TOTAL 64,124,000.00
   
 (Operational & Project Cost for July 2023)

OPERATIONAL & PROJECT COST BUDGET FOR JULY 2023

   
OPERATIONAL COSTS AMOUNT
Office running/Admin expenses 301,627.50
HR 2,405,250.00
Marcoms 91,200.00
L&D 285,000.00
IT Support -
Finance 350,000.00
Professional fees Legal -
Professional fees Audit -
400,000.00
Professional fees others
Business Travel 200,000.00
Contingency 50,000.00
SUB TOTAL 4,083,077.50
PROJECT COSTS  
CBN Evaluation
SUB TOTAL 2,669,000.00
   
   

TOTAL 7,550,550.00
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6
 Operational Expense

Jan Mar May

N4,006,794.03 N4,054,544.79 N2,382,243.69

N1,976,154.47 N4,122,278.68 N2,595,310.14

Feb April Jun

 Staff Hire/Retention/Attrition

Q1 January February March April May June

Hire 1 2 2 1 1 0

Retention 6 6 7 8 8 9

Attrition 1 1 0 0 0 1

Rate Q1 (%) Q2 (%)

Retention 75 82
Attrition 12.5 5.5
 Policy/Procedure Development and
Enforcement
Unit Q1 Q2
HR/ ADMIN 27 7
FINANCE/ACCOUNTS 1 1
PM
MARCOMMS
L&D
 Capacity Building

Q1 Q2

Availability of training plan Not available Available

Number of trained personnels 1 0

Number of certified resources 0 0

Number of Conferences 1 0
attended
Number of individual self- 6 5
developed staff
 Performance Unsatisfactory Satisfactory Good Excellent
Characteristics

Quality of work
Technical skills
Leadership
Communication
Team work
Policy compliance

Client relations
Dependability
Punctuality
Training
undertaken during
review period
Involvement in
special projects
 Business Overview 1

Financial Performance 2

TABLE OF
Client and project updates 3

Marcomms Update/Analysis 4
CONTENTS
Operational Update/Performance 5
Analysis

Q&A 6