Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q4 2023 Earnings Presentation
19 slides from Academedia Ab's earnings presentation, Aug 28, 2023
Slide 1: Interim report presentation Q4 July 2022 – June 2023
Interim report presentation Q4 Aug 30, 2023 July 2022 – June 2023 Marcus Strömberg, CEO Katarina Wilson, deputy CEO and COO 1
Slide 2: CEO introduction
CEO introduction • 2022/23 - strong growth and stable economic development despite challenging environment. The number of children and students increased by 5.8 percent and revenue by 8.4 percent. • The international business continued to grow and accounted for 23 percent of AcadeMedia’s total net s
Slide 3: Highlights Q4: Strong volume and revenue growth
Highlights Q4 Strong volume and revenue growth Key figures Q4 2022/23, excluding effects of IFRS 16 • Student numbers grew by 6.1 percent. • Net sales increased by 9.0 percent, organic growth was (MSEK) 2022/23 2021/22 Change 7.2 percent and the acquisitions of Sandviks and FAWZ # of Students 98,988
Slide 4: Highlights Q4: Strong volume and revenue growth
Highlights Q4 Strong volume and revenue growth Adj EBIT 21/22 279 Preschool: Higher operating cost due to inflation is offset by higher capacity Preschool 28 utilisation in Sweden and Norway and to some extent by the annual school voucher revision. Acquisitions impacted profit positively. Compulsory
Slide 5: Q4 segment reporting
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Slide 6: We operate throughout the education chain
4 business segments and presence in 4 countries We operate throughout the education chain Upper Compulsory Adult Preschool Secondary School Education School Age group 0-6 yrs 6-16 yrs 16-18 yrs 18+ yrs Geography # FTE* 5 797 3 498 3 831 1 139 Net sales split* 32% 24% 33% 10% *) 2022/23 6
Slide 7: Preschool Segment
Preschool Segment Higher costs due to inflation compensated by higher capacity utilisation, revenue growth and acquisition • The number of children increased by 12.7 percent with Quarter results (MSEK) 2022/23 2021/22 Change growth in all countries but mainly driven by acquisitions and Net sales 1,3
Slide 8: Compulsory School Segment
Compulsory School Segment Continued growth and good cost control offset high inflation • The segment comprises 117 compulsory schools and Quarter results (MSEK) 2022/23 2021/22 Change integrated preschools in Sweden under six profiles. Net sales 1,029 954 7.9% During the year one unit was acquired w
Slide 9: Upper Secondary School Segment
Upper Secondary School Segment Continued growth and good cost control offset high inflation • The segment comprises 152 upper secondary schools in Quarter results (MSEK) 2022/23 2021/22 Change Sweden under 16 brands. At the beginning of 2022/23, two Net sales 1,383 1,284 7.7% state of the art campus
Slide 10: Adult Education Segment
Adult Education Segment Continued lower demand for municipal education • Net sales decreased by 7.5 percent to SEK 397 million (429), Quarter results (MSEK) 2022/23 2021/22 Change entirely due to contracting volumes in Municipal Adult Education Net sales 397 429 -7.5% where net sales decreased by 22
Slide 11: Q4 Financial position
Q4 Financial position fAcademedia
Slide 12: Free cash flow and investments
Free cash flow and investments Strong free cash flow can fund investments in current operations and growth FCF as % of adj. EBITDA Capex and Maintenance capex as % of net sales MSEK MSEK 1 200 4,0% 1 200 86% 100% 2,8% 77% 75% 75% 1 000 2,2% 2,2% 3,0% 1 000 80% 2,1% 66% 1,7% 1,8% 121 1,8% 1,8% 800 2,
Slide 13: Financial position strong
Financial position Financial position strong SEK m 2022/23 30 Jun 2021/22 30 Jun Change Total equity 6,531 6,058 7.8% Net debt 825 987 -16.4% • Net debt excluding IFRS 16 was lower than the same period Net debt (incl IFRS 16) 10,142 9,460 7.2% last year. Property related lease liabilities 9,317 8,47
Slide 14: Summary full year 2022/23
Summary full year 2022/23 2022/23 - continued strong growth and stable economic development • Student growth 5.8 percent – 27 new units added during the Key figures full year 2022/23, excluding effects of IFRS 16 year, 9 preschools in Germany, 8 preschools in the Netherlands and 8 units through the
Slide 15: Highlights full year 2022/23
Highlights full year 2022/23 Strong adjusted operating profit despite volume decline in the Adult segment and high inflation Adj EBIT 21/22 1 001 Preschool: Increased school voucher in Norway compensating somewhat for previous years’ cost increases. Higher capacity utilization in Sweden and Preschoo
Slide 16: Financial performance vs targets
Financial performance vs targets Dividend of SEK 1.75 (1.75) per share proposed, corresponding to 32 percent (31) of net profit including IFRS 16 FY 22/23 Financial targets are unchanged (FY 21/22) • Annual revenue growth rate of 5-7% including organic growth 6.0% Growth 5-7% and smaller bolt-on acq
Slide 17: AcadeMedia
AcademMedia
Slide 18: Forward-looking statements disclaimer
This presentation may contain forward-looking statements which reflect AcadeMedia’s current view on future events and financial and operational development, and the current expectations of the AcadeMedia Group’s management. Forward- looking statements are all statements that do not relate to histori
Slide 19: Change through education
Academedia change through education