Attendo Ab · OMXSTO:ATT
Attendo Ab — Q2 2017 Earnings Presentation
12 slides from Attendo Ab's earnings presentation, Jul 27, 2017
Slide 1: Second quarter 2017 – Presentation
Second quarter 2017 – Presentation 27 July, 2017 Henrik Borelius, CEO Tomas Björksiöö, CFO
Slide 2: Financial summary of Q2: Stable growth in line with targets
Financial summary of Q2: Stable growth in line with targets • Net sales SEK 2,744m (2,525), adjusted growth 7% • Operating profit (EBITA) of SEK 228m (224), including calendar effects SEK -25m • Operating margin (EBITA) of 8.3% (8.9) • Earnings per share SEK 0.88 (0.91) • Operating cash flow of SEK
Slide 3: Business highlights: Stable growth in own operations
Business highlights: Stable growth in own operations Highlights by contract model Net sales by contract model Own operations SEKm Q2 2017 Q2 2016 Chg (%) • Stable growth development of net sales, +11% Own operations 1,733 1,557 11 • 11 new own homes opened, ~400 beds Outsourcing 824 775 6 • Construc
Slide 4: Acquisitions that strengthen Attendo's own operations
Acquisitions that strengthen Attendo’s own operations • Mikeva is a leading Finish care provider Mikeva’s operations – Strengthens Attendo’s operations in social psychiatry and care for people with disabilities – Geographically complements Attendo’s offering in care for older people in Finland – Tur
Slide 5: Own operations: Increased number of beds under construction
Own operations: Increased number of beds under construction No. of beds under construction1) New own units 2 378 2 159 1 935 1 716 1 469 887 922 855 918 861 827 755 737 654 Attendo Rauha, Uusikaupunki Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014 2015 2016 2017 No. of beds in operation2) 9
Slide 6: Market highlights: Continued strong demand for new nursing homes, while outsourcing market is more challenging
Market highlights: Continued strong demand for new nursing homes, while outsourcing market is more challenging Sweden Finland • Solid demand for own operations solutions • Strong demand for own operations solutions • Outsourcing contract volumes declined • Continued low activity in outsourcing marke
Slide 7: P&L: Stable profit development
P&L: Stable profit development SEKm Q2 2017 Q2 2016 Change (%) Net sales 2,744 2,525 9 Organic 2.2 3.7 - Acquired 4.3 1.0 - Currency 2.2 -0.4 - Operating profit (EBITA) 228 224 2 Operating margin (EBITA), % 8.3 8.9 - EBIT 195 207 -6 Financial net -16 -21 - Income tax -38 -40 - Profit for the period
Slide 8: EBITA change: Positive impact from improved planning and processes
EBITA change: Positive impact from improved planning and processes Q2 2017 vs. Q2 2016: + Improved planning and processes + Acquisitions + Improved occupancy in units that were under Net +4m start-up during Q2 2016 - Calendar effect - Integration solutions and home care - Own unit start-ups and net
Slide 9: Cash flow: Stable operating cash flow generation in Q2
Cash flow: Stable operating cash flow generation in Q2 SEKm Q2 2017 Q2 2016 Operating profit (EBITA) 228 224 Change in working capital, paid tax and non cash items 88 -23 Cash flow after changes in working capital 316 201 Net investments in tangible and intangible assets -54 -44 Operating cash flow
Slide 10: Quality & employees: Focus on outdoor activities and indoor safety
Quality & employees: Focus on outdoor activities and indoor safety Examples from second quarter 2017 • Focus on older peoples need for movement and outdoor activities. The annual fitness walk, “Attendolunken”, was carried out at many units Implementation Client • In Q2, Attendo’s home care operation
Slide 11: Attendo – Care your way
Attendo Care your way
Slide 12: 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