G8 Education Limited · ASX:GEM
G8 Education — Investor Presentation (June 2021)
15 slides from G8 Education's investor presentation, Jun 16, 2021
Slide 1: ASX Announcement cover letter
ASX Announcement G8 Education Limited (ASX:GEM) 16 June 2021 For personal use only The Manager Market Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000 Dear Sir / Madam I enclose the Greenfield Strategy & Reporting Presentation being presented today by G8 Education Limited at 1pm AES
Slide 2: Greenfield Strategy & Reporting Investor Presentation
For personal use only GREENFIELD STRATEGY & REPORTING Investor Presentation 16 June 2021 G8 EDUCATION LTD ASX: GEM 1
Slide 3: Disclaimer
DISCLAIMER For personal use only The material in this presentation has been prepared by G8 Education Limited (G8) and is general background information about G8’s activities current as at the date of this presentation. The presentation does not purport to be complete and should be read in conjunctio
Slide 4: Agenda
AGENDA For personal use only LEGACY GREENFIELD PERFORMANCE Gary Carroll REFRESHED GREENFIELD APPROACH Gary Carroll FUTURE NETWORK REPORTING Sharyn Williams Q&A Gary Carroll & Sharyn Williams 3
Slide 5: Executive Summary
EXECUTIVE SUMMARY LEGACY GREENFIELD PERFORMANCE • 70% of the past greenfield cohort have, or are expected to, For personal use only generate a ROI of more than 20% on reaching maturity • The remaining sites were at a structural disadvantage either The legacy greenfield program has through being in p
Slide 6: Greenfield Strategy
For personal use only GREENFIELD STRATEGY
Slide 7: Legacy Greenfield Performance
LEGACY GREENFIELD PERFORMANCE Past performance important in shaping future approach For personal use only Performance of all greenfield centres over the last four years # of Cohort centres Avg occupancy CY20 EBIT^ CY20 ROI CY17 Greenfield 10 82% 6.3m 21.3% CY18 Greenfield 7 80% 4.5m 29.6% CY19 Green
Slide 8: Refreshed Greenfield Approach
REFRESHED GREENFIELD APPROACH Attractive value from a measured Greenfield growth program For personal use only Progressive and profitable enhancement of the centre network Overall objective Support progressive enhancement of the network and to realise measured profitable growth, through working with
Slide 9: Greenfield Portfolio Objectives and Parameters
GREENFIELD PORTFOLIO OBJECTIVES AND PARAMETERS Key objectives are to create separation and to provide transparency on performance For personal use only Greenfield portfolio Greenfield portfolio parameters Greenfield occupancy ramp-up profile over the last four years* objectives Enable separation of
Slide 10: Greenfield Financial Reporting Model
GREENFIELD FINANCIAL REPORTING MODEL For personal use only
Slide 11: Creation of Greenfield Portfolio
CREATION OF GREENFIELD PORTFOLIO Mature greenfield centres will be transferred to the 'Core' portfolio For personal use only Greenfield Maturing Centres Transition to Greenfield portfolio Mature Greenfield centres transferred to Core portfolio (as at 1 January 2020) 16 centres have been Vintage # of
Slide 12: Network Occupancy Performance
NETWORK OCCUPANCY PERFORMANCE Composition of greenfield portfolio at beginning of CY21 For personal use only Greenfield occupancy ramp-up profile Core portfolio monthly occupancy (%) Ramp-up trendline Key metrics Number of centres 15 Average age 21 months CY20 NPBT ($2.0m) Average occupancy 58% 11
Slide 13: Refreshed View of Operating Performance
REFRESHED VIEW OF OPERATING PERFORMANCE For personal use only • Transition to the new reporting framework improves disclosure and delineates between greenfield (maturing) centres and core (mature) centres • This transition includes the adoption of AASB16 Leases CONVERT standard for operational perfo
Slide 14: Reporting Transition Reconciliation
REPORTING TRANSITION RECONCILIATION Existing Reclassify Convert For personal use only $M Centres LPs CY20 $M Underlying CY20 $M Statutory CY20 Core Centres Core Centres Total Organic Revenue 365 28,875 613.5 No. of centres 457 No. of centres 457 Wages (394.5) No. of LP 37,193 No. of LP 37,193 Wage S
Slide 15: Q&A
For personal use only Q&A