Slide 1: Interim report Q2 2023
Interim report Q2 2023 23 August 2023
Slide 2: Contents
Contents 1 Introduction to Albert 2 Q2 2023 highlights 3 Q2 financials 4 Summary 5 Q&A
Slide 3: Today’s speakers
Introduction to Albert Today’s speakers Arta Mandegari Salman Eskandari CEO / Co-founder Dep CEO / Co-founder • Serial entrepreneur, • Management consulting previous Co-founder of background from Tesenso, Qvido and Triathlon Consulting Zanzibar Seaweed Center Group • Senior sales roles at • Experien
Slide 4: Our vision is to give every child in Europe a custom learning experience
Introduction to Albert Our vision is to give every child in Europe a custom learning experience 4
Slide 5: Started with math, moving into a one-stop-shop for kids’ learning
Q2 2023 highlights Started with math, moving into a one-stop-shop for kids’ learning Albert at a glance Albert is a leading app-based EdTech platform for children 1-16 years old with a vision to give every child in Europe a custom learning experience Leading 206 msek 106 msek Nordic EdTech Group wit
Slide 6: Contents
Contents 1 Introduction to Albert 2 Q2 2023 highlights 3 Q2 financials 4 Summary 5 Q&A
Slide 7: Improving operational efficiency in B2C
Q2 2023 highlights Improving operational efficiency in B2C Related integrations to support ▪ Founded in 2015 and headquartered in Lille, France. Acquired in January • Improving the LTV/CAC ratio and improving 2023 cash flow profile of B2C have been strong focus ▪ Enables children aged 3-12 to learn
Slide 8: Investing in growth of B2B segment
Q2 2023 highlights Investing in growth of B2B segment Related integrations to support ▪ Pre-study conducted during Q1-Q2 to assess feasibility of launching • B2B segment is profitable with ”sticky” revenues, thus Strawbees in the UK utilizing Sumdog sales expertise and relationships in line with str
Slide 9: Contents
Contents 1 Introduction to Albert 2 Q2 2023 highlights 3 Q2 financials 4 Summary 5 Q&A
Slide 10: Annual Recurring Revenue – Complemented by B2B
Q2 financials Annual Recurring Revenue – Complemented by B2B ARR - Total ARR - MSEK +58% Comments on Q2 2023 • Growth primarily driven by B2B • Decreased risk in revenue fluctuations due to increased share of B2B, which is expected to continue increasing as share of total net sales 213 206 152 155 1
Slide 11: Net sales – 64% growth YoY
Q2 financials Net sales – 64% growth YoY Comments on Q2 2023 Net sales, Quarter - MSEK • Growth in net sales reached 64% in Q2 Net sales - Organi c Net sales - Acquired 2023 compared to Q2 2022, whereof -5 % 60 +64% organic 50 • Growth primarily driven by acquisitions in 40 19,2 21,5 both Sweden and
Slide 12: Overview of financials
Q2 financials Overview of financials Comments on Q2 2023 • Growth in net sales reached 64% in Q2 YoY growth 2023 compared to Q2 2022 SEKm Q2-2023 Q2-2022 2022-23 Financial metrics • Decrease in adj. gross margin due to new Q2-Q2 service mix but more stable net sales. Net sales 51.1 31.2 64% Commitme
Slide 13: Drilled down in key financial figures
Q2 financials Drilled down in key financial figures SEKm Q2-2023 Q2-2022 Comments on Q2 2023 Financial metrics • Increase of R&D expenses. Focus during quarter to Operating result (20.6) (19.5) continue the development of our subjects as well as increase self-developed content in our products Amorti
Slide 14: Contents
Contents 1 Introduction to Albert 2 Q2 2023 highlights 3 Q2 financials 4 Summary 5 Q&A
Slide 15: Summarizing Q2 and following up on previous communication
Summary Summarizing Q2 and following up on previous communication Profitability, synergies and laser focus on cash flow still key • Q4’22 communication: Reach profitability with cash at hand → Q2’23: EBITA improvement of 45% • Q4’22 communication: Stronger financial profile through B2B segment → Q2’
Slide 16: Takeaways
Summary Takeaways EBITA and cash flow focus remains. Investments shifting more to B2B Financial profile further strengthened through B2B growth (YoY and QoQ) and increased contribution to the group sales New management in place 16
Slide 17: Contents
Contents 1 Introduction to Albert 2 Q2 2023 highlights 3 Q2 financials 4 Summary 5 Q&A