Slide 1: Interim report presentation Q1 July – September 2022
Interim report presentation Q1 October 25, 2022 July – September 2022 Marcus Strömberg, CEO Katarina Wilson, CFO 1
Slide 2: CEO introduction
CEO introduction • 2022/23 started with strong demand in the school segments and in adult vocational training. • 15 new units added in the quarter, of which 5 preschools acquired in the Netherlands. Number of children in the Preschool Segment increased by 8.1 percent. • Higher cost for electricity a
Slide 3: Highlights Q1
Highlights Q1 Expansion in the Upper Secondary School Segment and lower volumes in Adult Education Segment impact profitability Key figures Q1 2022/23, excluding effects of IFRS 16 • Student numbers grew by 4.8 percent. • Net sales increased by 6.6 percent and organic growth was (MSEK) 2022/23 2021/
Slide 4: Highlights Q1: Adj. EBIT bridge by segment
Highlights Q1 Expansion in the Upper Secondary School Segment and lower volumes in Adult Education Segment impact profitability Adj EBIT 21/22 194 Preschool: Continued impact from lower pension compensation and higher Preschool -12 personnel expenses in Norway. Compulsory Compulsory School: Increase
Slide 5: EBIT on par with last year, margin affected by high inflation and lower volumes
12 month rolling figures Q1 2022/23 EBIT on par with last year, margin affected by high inflation and lower volumes in the Adult education segment Key figures Q1 R12 2022/23, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and are Oct 2021 – now at SEK 14.5 billion. (MSEK)
Slide 6: Q1 Segment reporting
pysslingen FORSKOLOR a) . HAGSTRGIMSKA GYMNASIET VA — VITTRA espira Siemans (5) enasmoscwnasier (ithe Game Assembly ah. th vh. nt} @ Gespira “erggng, © ECUTBILONING — Kingerbetreuung il SALJ & MARKNADSHOGSKOLAN ] segment reporting (Wrievmnasier Ytmus PRAKTISKA IEEJ sum, On eductus joki quam KiuRA (8
Slide 7: 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* 5 156 3 417 3 681 1 366 Net sales split* 29% 25% 34% 13% *) 2021/22 7
Slide 8: Preschool Segment
Preschool Segment Continued effect from lower pension supplement and higher salary expenses in the Norwegian business • Six new units opened in the quarter, one in Sweden and five Quarter results (MSEK) 2022/23 2021/22 Change in Germany. In the end of the period, five units were Net sales 956 808 18
Slide 9: Compulsory School Segment
Compulsory School Segment New opening and a general higher cost level impact earnings • The segment includes 116 compulsory schools and Quarter results (MSEK) 2022/23 2021/22 Change integrated preschools in Sweden under six profiles. One Net sales 746 713 4.6% new unit opened in the period. EBIT 57
Slide 10: Upper Secondary School Segment
Upper Secondary School Segment Expansion impacts capacity utilisation and profitability, inflation is driving cost • Two state of the art campuses opened in Stockholm and 3 Quarter results (MSEK) 2022/23 2021/22 Change further new units opened at the beginning of the new school Net sales 1 025 964 6
Slide 11: Adult Education Segment
Adult Education Segment Lower demand for municipal education drive EBIT decrease, somewhat offset by continued strong vocational education • Net sales decreased by 11.7 percent to SEK 377 million (427), Quarter results (MSEK) 2022/23 2021/22 Change mainly due to contracting volumes in the Municipal
Slide 12: Q1 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 4,0% 86% 2,8% 77% 90% 1 000 75% 75% 1 000 2,2% 2,2% 2,2% 3,0% 80% 2,1% 70% 1,7% 1,8% 121 1,8% 66
Slide 14: Financial position still strong
Financial position Financial position still strong • Cash flow is negative at the beginning of the school year, a 2022/23 2021/22 normal seasonal effect mainly related to working capital. SEK m 30 Sep 30 Sep Change Total equity (excl IFRS 16) 6,156 5,637 9.2% • Net debt excluding IFRS 16 is lower th
Slide 15: Financial performance vs targets
Financial performance vs targets Growth and Profitability just below the financial targets Q1 R12M Financial targets are unchanged (FY 21/22) • Annual revenue growth rate of 5-7% including organic growth 4.7%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions a
Slide 16: AcadeMedia
AcademMedia
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