Executive summary

The last two years have brought a constant stream of disruption. The global pandemic, climate change and uncertainty caused by world events have upended supply chains, impacted workforces and imposed an even greater reliance on digital technology. Despite these outside forces, digital transformation remains the biggest source of disruption – and opportunity - for clients today. In this climate of volatility, the need to stay relevant by finding new ways to create value for stakeholders is critical.

Through collaboration, openness, and thinking outside of the norm, we can drive impact at scale and accelerate the pathway to a solution for global challenges. GHD Digital is one of the fastest growing digital businesses globally in professional services. By infusing digital and innovation into our conventional client services and adopting an ‘outside-in’ strategy, we have not only created new trajectories of growth for GHD, but provided a digital transformation pathway for the enterprise. These growth segments are changing the genetic code and mindset of the legacy business. Growing is significantly less risky than not growing, which is why we have created a growth-orientated business. This is a new and unique business model to GHD and rare in our industry. And in FY22, we embraced our varied business models and:

- Created additional products and services

- Invested more on technology upgrades - Strengthened our sales force - Maintained intense execution focus

- Implemented price increases

- Took strategic risks - Developed new sales channels.

In FY22, we achieved 45 percent growth from the sale of new solutions and regional steps-ups. This generated a gross revenue of AUD19.8M, an increase of AUD6.2M from FY21. Net revenues increased by 10 percent Year-over-Year (YoY), including a 15 percent increase in revenue from product sales.

By scaling mature digital services in all key markets, we accelerated our collaborative Go-to-Market (GTM) and client engagement efforts to enhance our return on investment (ROI) and a return on capital (ROC). Our revenue from new and emerging services increased by 45 percent compared to FY21. These revenues now comprise 20 percent of the overall GHD Digital revenue. Together with our Core and Advisory teams, we embraced the ‘One GHD’ spirit to develop our value propositions based on client needs, allowing us to broaden and access a larger share of available opportunities to further our collective success. We are confident that together, we will create sustainable value for our stakeholders and provide a competitive advantage for GHD.

GHD recognised a need to diversify after the ANZ mining and infrastructure crash GHD acquires CRA

GHD Advisory launches

GHD Digital launched in Australia and New Zealand

GHD Digital launched in USA and Canada GHD launched in UK and UAE

eSolutions rebranded to GHD Digital

EMG recognised the need to expand global footprint and create additional revenue streams Digital tools, technologies and strategies drive global disruptions 36 employees from Core teams join GHD Digital Australia 150+ employees from Core teams join GHD Digital in North America GHD Digital crosses 500 FTE