Slide 1: Q2 Interim report presentation July – December 2024
Interim report presentation Q2 February 6, 2025 July – December 2024 Marcus Strömberg, CEO Petter Sylvan, CFO 1
Slide 2: CEO introduction
CEO introduction • Net sales increased by 13.4 percent, 6.6 percent organically. • Swedish schools score well in international survey TIMSS and rank among the best in the world. The students in eight grade are on average the best in the world outside East Asia in mathematics. • We remain committed t
Slide 3: AcadeMedia's compulsory schools have overall higher quality than national average
AcadeMedia’s compulsory schools have overall higher quality than national average School inspectorate audits show that AcadeMedia’s compulsory schools have higher quality than national average Proportion of school units without any identified development areas 27% 23% 17% 19% AcadeMedia Independent
Slide 4: Higher grades are achieved without inflation of grades
AcadeMedia’s schools have lower discrepancy between grades and national test Higher grades are achieved without inflation of grades National statistics – conformity national tests and grades Compulsory school 2023/24 Upper secondary school 2023/24 5,4% 7,7% 7,5% 5,3% 5,7% 5,4% 75,2% 69,6% 70,5% 71,6
Slide 5: Students at AcadeMedia's adult education have a higher rate of employment in the field
72 percent of our higher vocational education participants are employed in the field in which they are trained Students at Academedia’s adult education has a higher rate of employment in the field they are trained. HIGHER VOCATIONAL EDUCATION Share of participants employed in the field in which they
Slide 6: Increased profit YoY - 19% CAGR EBIT development
Adj. EBIT development 2007 – 2023/24 Increased profit YoY - 19% CAGR EBIT development 1 179 1 097 1 001 964 934 +19% 728 670 638 634 596 567 Adj. EBIT MSEK 485 381 389 227 181 70 95 2007 2008 2009 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Q2 R12M 6
Slide 7: On our way towards 50 percent international business and adult education
Net sales On our way towards 50 percent international business and adult education SEK m 18 336 17 331 15 534 14 334 13 335 12 268 61,3% 11 710 63,2% 10 805 9 516 66,4% 67,4% 8 608 67,1% 8 160 67,2% 67,5% 66,1% 6 372 65,3% 9,5% 67,4% 68,0% 9,8% 10,5% 80,2% 12,6% 12,7% 13,9% 15,4% 1 478 16,6% 29,2% 1
Slide 8: Strong growth, all segments contributed to the improved adj. EBIT
Highlights Q2 Strong growth, all segments contributed to the improved adj. EBIT • Student numbers grew by 9.3 percent. Key figures Q2 2024/25, excluding effects of IFRS 16 • Net sales increased by 13.4 percent and organic growth was (SEK m) 2024/25 2023/24 Change 6.6 percent, adjusted for currency e
Slide 9: Strong growth, all segments contributed to the improved adj. EBIT
Highlights Q2 Strong growth, all segments contributed to the improved adj. EBIT Adj EBIT 23/24 204 Preschool & International: The acquisition of Touhula contributed positively to the quarter. Retroactive revenue and higher school vouchers compensating to a Preschool & Int. 37 larger extent for the h
Slide 10: Continued growth with stable adjusted EBIT and margin
12 month rolling figures Q2 2024/25 Continued growth with stable adjusted EBIT and margin Key figures Q2 R12 2024/25, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and Jan 2024 – amounts to SEK 18.3 billion. (SEK m) Dec 2024 2023/24 Change* Net sales 18,336 17,332 5.8% •
Slide 11: Q2 Segment reporting
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Slide 12: We operate throughout the education chain
4 business segments and presence in 5 countries We operate throughout the education chain Upper Preschool & Compulsory Adult Secondary International School Education School Age group 0-6 yrs 6-16 yrs 16-18 yrs 18+ yrs Geography # FTE* 6 581 3 638 3 912 1 081 Net sales split* 35% 23% 32% 10% *) 2023/
Slide 13: Preschool and International Segment: Acquisitions and openings in Germany drive growth
Preschool and International Segment Acquisitions and openings in Germany drive growth • The number of children increased by 29.4 percent driven by Quarter results (SEK m) 2024/25 2023/24 Change international expansion. In Sweden the number of children Net sales 1,825 1,427 27.9% decreased following
Slide 14: Compulsory School Segment: Acquisitions of four schools
Compulsory School Segment Acquisitions of four schools Quarter results (SEK m) 2024/25 2023/24 Change • Number of children and students increased by 4.8 percent. Net sales grew 9.3 percent as a result of increased number Net sales 1,193 1,091 9.3% of students and annual voucher revisions. EBIT 80 65
Slide 15: Upper Secondary School Segment: Improved profitability
Upper Secondary School Segment Improved profitability following good cost control and retroactive revenue • Student numbers increased by 0.6 percent. Quarter results (SEK m) 2024/25 2023/24 Change Net sales 1,515 1,441 5.1% • Net sales increased by 5.1 percent as a result of increased number of stud
Slide 16: Adult Education Segment: Profitability improves for sixth consecutive quarter
Adult Education Segment Profitability improve for the sixth consecutive quarter • Net sales increased by 4.0 percent to SEK 492 million (473), Quarter results (SEK m) 2024/25 2023/24 Change due to increased number of students higher vocational Net sales 492 473 4.0% education and in municipal adult
Slide 17: Q2 Financial position
Q ? Financial position fAcademedia
Slide 18: Strong free cash flow can fund investments in current operations and growth
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 SEK m SEK m 1 200 4,0% 1 200 100% 86% 2,8% 90% 1 000 3,0% 1 000 75% 75% 78% 2,2% 121 2,2% 2,1% 80% 1,8% 1,8% 25 1,7% 1,6% 6
Slide 19: Financial position remains strong
Financial position Financial position remains strong 2024/25 2023/24 SEK m 31 Dec 31 Dec Change • Net debt excluding IFRS 16 was higher than last year. The Total equity (excl IFRS 16) 6,901 6,520 5.8% increase was related to acquisitions and share redemption Net debt (excl IFRS 16) 1,095 1,060 3.3%
Slide 20: Growth above and Profitability just below the financial targets
Financial performance vs targets Growth above and Profitability just below the financial targets Q2 R12M Financial targets are unchanged (FY 23/24) • Annual revenue growth rate of 5-7% including organic growth 6.6%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisit
Slide 21: AcadeMedia
Academedia
Slide 22: Forward-looking statements
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 23: AcadeMedia - change through education
Academedia change through education