Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q1 2021/22 Earnings Presentation
18 slides from Academedia Ab's earnings presentation, Oct 29, 2021
Slide 1: Interim report presentation Q1 July – September 2021
Interim report presentation Q1 October 29, 2021 July – September 2021 Marcus Strömberg, CEO Katarina Wilson, CFO 1
Slide 2: CEO introduction
CEO introduction • Demand for AcadeMedia’s educational programmes has never been so high, the number of children and students increased by 6.8 percent. • Twelve new units were added in the quarter. Eight preschools in Germany and three upper secondary schools in Sweden opened. One compulsory school
Slide 3: Highlights Q1
Highlights Q1 Increased number of students and lower personnel costs related to more vacation impacted operating profit Key figures Q1 2021/22, excluding effects of IFRS 16 • Student numbers grew by 6.8 percent. • Net sales increased by 10.2 percent and organic growth (MSEK) 2021/22 2020/21 Change w
Slide 4: Highlights Q1: Adj EBIT bridge by segment
Highlights Q1 Increased number of students and 35 MSEK lower personnel costs related to more vacation impacted operating profit Adj EBIT 20/21 151 Preschool: Continued staff planning in Sweden and return to normal operations Preschool 2 in Germany after the pandemic impacted operating profit. Compul
Slide 5: Adjusted EBIT margin above 7 percent for the fourth consecutive quarter
12 month rolling figures Q1 2021/22 Adjusted EBIT margin above 7 percent for the fourth consecutive quarter Key figures Q1 R12 2021/22, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and are Oct 2020 – now at SEK 13.6 billion. (MSEK) Sep 2021 2020/21 Change* Net sales 13,
Slide 6: Segment reporting
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Slide 7: We operate throughout the education chain
4 business segments and presence in 3 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* 4 987 3 276 3 469 1 400 Net sales split* 29% 24% 33% 14% *) 2020/21 7
Slide 8: Preschool Segment
Preschool Segment Return to normal operation in Germany and continued work to increase efficiency in Sweden • 8 new units opened in Germany in the quarter, which gives Quarter results (MSEK) 2021/22 2020/21 Change a total of 278 units, of which 65 in Germany. Net sales 808 755 7.0% • The number of c
Slide 9: Compulsory School Segment
Compulsory School Segment Increased number of students and lower costs related to vacation impacted adjusted EBIT • The segment includes 116 compulsory schools and Quarter results (MSEK) 2021/22 2020/21 Change integrated preschools in Sweden under six profiles. One Net sales 713 644 10.7% school wit
Slide 10: Upper Secondary School Segment
Upper Secondary School Segment Increased number of students and lower costs related to vacation impacted adjusted EBIT • The segment opened 3 new units in the quarter and now Quarter results (MSEK) 2021/22 2020/21 Change includes 151 upper secondary schools in Sweden under 16 Net sales 964 856 12.6%
Slide 11: Adult Education Segment
Adult Education Segment Demand for higher vocational education drive EBIT improvement • Net sales increased by 10.9 percent and amounted to SEK Quarter results (MSEK) 2021/22 2020/21 Change 427 million (385). The increase is entirely due to growth in Net sales 427 385 10.9% the Higher Vocational Edu
Slide 12: Financial position
Q ] Financial position fAcademedia
Slide 13: 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 1 200 100% 1 200 0.4% 86% 79% 90% 1 000 77% 75% 75% 1 117 1 000 2,8% 1 060 80% 0.3% 2,2% 2,1% 800 70% 800 1,7% 1,
Slide 14: Financial position
Financial position Financial position continues to improve • Cash flow is negative at the beginning of the school year, a 2021/22 2020/21 normal seasonal effect mainly related to working capital. SEK m 30 Sep 30 Sep Change Total equity (excl IFRS 16) 5 649 5 038 12.1% • Net debt excluding IFRS 16 is
Slide 15: Financial performance vs targets
Financial performance vs targets Performance continue to be in line with financial targets Q1 R12M Financial targets are unchanged (FY 20/21) • Annual revenue growth rate of 5-7% including organic growth 8.0%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions a
Slide 16: Q&A
Q&A 16
Slide 17: 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 18: Change through education
Academedia change through education