Other termsDefinition and usage
2016 Code / 2018 CodeGuidance, issued by the Financial Reporting Council in 2016 and updated in 2018, on how companies should be governed, applicable to UK-listed companies including NCC Group plc.
AdjustedAny result described as adjusted excludes the impact of individually significant items, share–based payments, unwinding of discount on deferred or contingent consideration, amortisation of acquired intangible assets, profit on disposal of investments and any tax on any of these items.
Adjusted Operating Profit MarginCalculated as adjusted operating profit divided by revenue from continuing activities.
AGMAnnual General Meeting of shareholders of the Company held each year to consider ordinary and special business as provided in the Notice of AGM.
Alternative Performance Measure (APM)An Alternative Performance Measure (which is denoted in each case or use thereof by a footnote) is a non–GAAP performance metric used by management either internally or externally to present management's view of the underlying business performance. They are not superior to GAAP–based measures and are simply an alternative way of looking at performance. See note 3 for further information.
BoardThe Board of Directors of the Company (for more information see The Board of Directors).
Cash conversion ratioCalculated as cash generated from operating activities before interest and taxation divided by adjusted EBITDA, expressed as a percentage.
CDOCyber Defence Operations
CEOChief Executive Officer
CFOChief Financial Officer
CISOChief Information Security Officer
Company, Group, NCC, we, our or usWe use these terms, depending on the context, to refer to either NCC Group plc, the individual company, or to NCC Group plc and its subsidiaries collectively.
CPOChief People Officer
CTOChief Technology Officer
Directors/Executive Directors/Non-Executive DirectorsThe Directors/Executive Directors and Non–Executive Directors of the Company whose names are set out in the Board of Directors.
EBITEarnings before interest and tax.
EBIT Margin %EBIT Margin % is calculated as follows: Adjusted EBIT divided by revenue.
EBITDAEarnings before interest, tax, depreciation and amortisation. Calculated as operating profit before individually significant items and adding back depreciation and amortisation charged.
EBITDA Margin %EBITDA divided by revenue.
EPSEarnings per share. Profit for the year attributable to equity shareholders of the parent allocated to each ordinary share.
FCAFinancial Conduct Authority
Financial yearFor NCC Group this is an accounting year ending on 31 May.
FRCFinancial Reporting Council
Free cash flowNet cash from operating activities less capital expenditure.
FRSA UK Financial Reporting Standard as issued by the UK Financial Reporting Council (FRC).
Gross profitGross profit is revenue less direct costs of sale. It excludes costs considered to be overheads that are supporting the business as a whole as opposed to a specific revenue item.
Other termsDefinition and usage
Gross margin %/GM %Calculated as gross profit divided by revenue from continuing activities.
HMRCHer Majesty's Revenue & Customs, the tax collecting authority of the UK.
IAS or IFRSAn International Accounting Standard or International Financial Reporting Standard, as issued by the International Accounting Standards Board (IASB). IFRS is also used as the term to describe international generally accepted accounting principles as a whole. Financial statements are prepared in accordance with IFRS as adopted by the EU.
Individually Significant ItemsItems that the Directors consider to be material in nature, scale or frequency of occurrence that need to be excluded when calculating some non–GAAP performance measures in order to allow users of the Financial Statements to gain a full understanding of the underlying business performance. See note 6 for further information.
KPMGThe Company's external auditors, KPMG LLP.
LTIPLong Term Incentive Plan established to align the interests of senior and Executive management with those of shareholders. The plan is formally known as the NCC Group Long Term Incentive Plan 2013 (approved by shareholders in 2013).
MDManaging Director
MDRManaged Detection and Response
Net debtTotal borrowings offset by cash and cash equivalents.
Ordinary sharesVoting shares entitling the holder to part ownership of a company.
SAYE/SharesaveSave As You Earn, being a tax efficient scheme to encourage employee share ownership.
SubsidiaryA company or other entity that is controlled by NCC Group.
TSCTechnical Security Consulting
TSRTotal Shareholder Return, which is share price growth plus dividends reinvested (where applicable) over a specified period of time, divided by the share price at the start of the period.