Attendo Ab · OMXSTO:ATT
Attendo Ab — Q1 2017 Earnings Presentation
11 slides from Attendo Ab's earnings presentation, May 5, 2017
Slide 1: First quarter 2017 – Presentation
First quarter 2017 – Presentation 5 May, 2017 Henrik Borelius, CEO Tomas Björksiöö, CFO
Slide 2: Financial summary of Q1: Continued stable development
Financial summary of Q1: Continued stable development Net sales SEK 2,661m (2,472), adjusted growth 6% Operating profit (EBITA) of SEK 279m (197) Operating margin (EBITA) of 10.5% (8.0) Earnings per share SEK 1.13 (0.80) Operating cash flow of SEK 176m (143) High number of beds under con
Slide 3: Business highlights: Stable net sales development in own operations
Business highlights: Stable net sales development in own operations Highlights by contract model Net sales by contract model SEKm Q1 2017 Q1 2016 Chg (%) Own operations 1,648 1,511 9 Outsourcing 825 769 7 Staffing 188 192 -2 Own operations • Stable growth development of net sales, +9% SEKm • 8 new o
Slide 4: Own operations: Increased number of beds under construction
Own operations: Increased number of beds under construction No. of beds under construction1) New own units 2 159 1 935 1 716 1 469 887 922 855 918 827 861 755 737 654 Attendo Kaskiniitty, Sipoo Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 No. of beds in operation2) 9 012 9 280
Slide 5: Market highlights: Continued strong demand for new nursing homes, SOTE reform in Finland move forward
Market highlights: Continued strong demand for new nursing homes, SOTE reform in Finland move forward Sweden Finland • Good demand for own operations solutions • Strong demand for own operations solutions • Tendered outsourcing contract volumes • Very low activity in outsourcing market continued to
Slide 6: Improved operating profit
Improved operating profit SEKm Q1 2017 Q1 2016 Change (%) Net sales 2,661 2,472 8 Organic 2.9 3.1 - Acquired 3.5 0.9 - Currency 1.2 -0.6 - Operating profit (EBITA) 279 197 42 Operating margin (EBITA ) 10.5 8.0 - EBIT 248 184 35 Financial net -17 -21 - Income tax -50 -35 - Profit for the period 181 1
Slide 7: Higher operating profit due to higher occupancy in ramp-up units and improved planning and processes
Higher operating profit due to higher occupancy in ramp-up units and improved planning and processes Q1 2017 vs. Q1 2016: + Improved occupancy in units that were under start-up during Q1 2016 + Improved planning and processes Net +82m + Calendar effect 7
Slide 8: Stable cash generation in Q1
Stable cash generation in Q1 SEKm Q1 2017 Q1 2016 Operating profit (EBITA) 279 197 Change in working capital, paid tax and non cash items -64 -8 Cash flow after change in working capital 215 189 Net investments in tangible and intangible assets -39 -46 Operating cash flow 176 143 Interest received/p
Slide 9: Quality & employees: Attendo promotes meeting points across generations and awards employees
Quality & employees: Attendo promotes meeting points across generations and awards employees Opening of nursing home restaurant Examples from first quarter 2017 • Attendo’s Annual Quality Report for 2016 was published - Attendo’s quality thermometer for 2016 amounted to 85%- stable level Client Impl
Slide 10: Attendo – Care your way
Attendo Care your way
Slide 11: Disclaimer
Disclaimer This presentation has been prepared by Attendo AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute an in