Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q1 2018/19 Earnings Presentation
14 slides from Academedia Ab's earnings presentation, Oct 25, 2018
Slide 1: Interim Report July - September 2018
Interim Report July - September 2018 2018-10-25 1
Slide 2: Today's presenters
Today’s presenters Marcus Strömberg Eola Änggård Runsten Chief Executive Officer Chief Financial Officer With AcadeMedia With AcadeMedia since 2005 since 2013 2
Slide 3: CEO introduction
CEO introduction • Record number of students, 15.7 percent growth • Strong start in the Upper Secondary school segment. 13,500 new students enrolled. Three new schools opened • A review of the brand portfolio during last year has resulted in fewer brands with more distinct profiles. • International
Slide 4: Largest independent education provider in Northern Europe
Largest independent education provider in Northern Europe Overview Geographical presence and selected brands 17/18 • Largest independent educational services provider in Northern Europe Country Total • Comprehensive educational offering • Unique quality assurance model – key for sustainable growth S
Slide 5: Key highlights Q1 2018/19
Key highlights Q1 2018/19 Decline in Adult Education segment puts pressure on EBIT Comments for Q1 2018/19 Key figures for Q1 2018/19 • The July to September period is naturally the weakest quarter of the year due to the 2018/19 2017/18 Change summer period. # of Students 78,770 68,098 15.7% • Stude
Slide 6: Key highlights Q1 2018/19 (cont.)
Key highlights Q1 2018/19 (cont.) Adult Education key component in EBIT decline Adj EBIT 82 Pre- and Compulsory shool: Good volume growth but 17/18 continued high personnel expenses keep margins Pre- and under pressure Compulsory 2 Schools (SE) Upper Secondary school: developed positively Upper Seco
Slide 7: 12 month rolling figures Q1 2018/19
12 month rolling figures Q1 2018/19 Adult Education continue to put pressure on margins Comments for 12 month rolling figures Key figures for Q1 R12 2018/19 vs FY 2017/18 • 12 month rolling net sales and EBIT are 2018/19 Change still at all time high thanks to acquisitions R12 2017/18 and volume gro
Slide 8: Pre- and Compulsory Schools (Sweden)
Pre- and Compulsory Schools (Sweden) Continued focus on turn-around units Comments for Q1 2018/19 Key figures for Q1 2018/19 • Overall child numbers increased 4.1%. 2018/19 2017/18 Change • Net sales grew 7.4%, a result of volume Net sales 816 760 7.4% increases and annual voucher revisions. EBIT 5
Slide 9: Upper Secondary Schools (Sweden)
Upper Secondary Schools (Sweden) Positive development following acquisitions and overview of brand portfolio Comments for Q1 2018/19 Key figures for Q1 2018/19 • Overall student numbers increased by more 2018/19 2017/18 Change than 30%, 4.5 percent organic growth. Net sales 750 539 39.1% • Net sales
Slide 10: Adult Education (Sweden)
Adult Education (Sweden) The road back is longer than anticipated Comments for Q1 2018/19 Key figures for Q1 2018/19 •• Revenues Net salesincreased decreasedby 9,1 by percent 13.9% mainly because and adjusted the EBITnumber of studentsEBIT-margin and adjusted increased by 6,0 percent declined 2018/1
Slide 11: Preschool International
Preschool International Continued strong growth in Germany Comments for Q1 2018/19 Key figures for Q1 2018/19 • The number of children increased by 12.5%, 2018/19 2017/18 Change mainly driven by organic growth, but also acquisitions. Net sales 461 372 23.9% • Six new units opened in Germany. EBIT 4
Slide 12: Financial position
Financial position Negative development of new working capital impacts financial position Net debt and Net debt / Adj. EBITDA • Net working capital developed negatively in 3,3 3,1 Max 3.0 2,9 the period compared to Q4 2017/18 2,5 2,4 impacting cash flow, net debt and leverage ratio. 2 629 2 649 2 34
Slide 13: Financial performance vs targets
Financial performance vs targets Q1/R12M Financial targets (FY 17/18) • Annual revenue growth rate of 5-7% including organic growth and smaller bolt-on acquisitions 4.7%* Growth 5-7% but excluding larger strategic acquisitions and (5.8%) FX 5.8%* Profitability 7-8% • Adj. EBIT margin of 7-8% over ti
Slide 14: Thank you – Any questions?
Thank you — Any questions? 14 AcademMedia