Attendo Ab · OMXSTO:ATT
Attendo Ab — Q3 2017 Earnings Presentation
10 slides from Attendo Ab's earnings presentation, Nov 10, 2017
Slide 1: Third quarter 2017 – Presentation
Third quarter 2017 – Presentation 10 November, 2017 Henrik Borelius, CEO Rebecca Ericsson Birck, acting CFO
Slide 2: Financial summary of Q3: Stable growth, profits in line with last year
Financial summary of Q3: Stable growth, profits in line with last year • Net sales SEK 2,741m (2,568), adjusted growth 7% • Operating profit (EBITA) of SEK 337m (340) • Operating margin (EBITA) of 12.3% (13.2) • Earnings per share SEK 1.39 (1.39) • Operating cash flow of SEK 73m (101) • 10,378 own b
Slide 3: Business highlights: Record number of opened units
Business highlights: Record number of opened units Highlights by contract model Net sales by contract model Own operations SEKm Q3 2017 Q3 2016 Chg (%) • Stable growth development of net sales, +8% (in spite of Own operations 1,729 1,603 8 headwind from integration units) • Record number of new own
Slide 4: Own operations: 15% increase of beds in operation (Y/Y)
Own operations: 15% increase of beds in operation (Y/Y) No. of beds in operation1) New openings 10 378 9 280 9 249 9 550 8 807 8 932 9 012 8 612 7 348 7 509 7 745 7 751 7 084 6 493 6 709 Attendo Kankaronpuisto, Kouvola, Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 2017 No. of
Slide 5: Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward
Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward Sweden Finland • Solid demand for own operations solutions • Solid demand for own operations solutions • Outsourcing contract volumes declined vs • Higher activity in outsourcing market last year expected due
Slide 6: P&L: Higher sales growth vs 2016, organic and through acquisitions
P&L: Higher sales growth vs 2016, organic and through acquisitions SEKm Q3 2017 Q3 2016 Change (%) Net sales 2,741 2,568 7 Organic 3.0 1.8 - Acquired 3.6 2.4 - Currency 0.1 0.4 - Operating profit (EBITA) 337 340 -1 Operating margin (EBITA), % 12.3 13.2 - EBIT 305 310 -2 Financial net -21 -25 - Incom
Slide 7: EBITA change: Improved planning and processes but headwind from integration solutions
EBITA change: Improved planning and processes but headwind from integration solutions, home care and openings Q3 2017 vs. Q3 2016: + Improved planning and processes + Acquisitions + Improved occupancy in units that were under Net -3m start-up during Q3 2016 - Integration solutions - Home care - Own
Slide 8: Cash flow: Stable operating cash flow but increased investment level
Cash flow: Stable operating cash flow but increased investment level SEKm Q3 2017 Q3 2016 Operating profit (EBITA) 337 340 Change in working capital, paid tax and non cash items -199 -214 Cash flow after changes in working capital 138 126 Net investments in tangible and intangible assets -65 -25 Ope
Slide 9: Quality & employees: Focus on activities and improved dementia care
Quality & employees: Focus on activities and improved dementia care Examples from third quarter 2017 • Focus on older peoples need for movement and outdoor activities • Several units have arranged the “Attendo fitness walk” Implementation Client • “Outdoors sleepover” activity in Norway plan/methods
Slide 10: Attendo
Attendo Care your way