Slide 1: Interim report Q2 2022
Interim report Q2 2022 18 July 2022
Slide 2: Contents
Contents 1 Introduction to Albert 2 Expanding to an EdTech Group 3 Q2 financials 4 Summary 5 Q&A
Slide 3: Today’s speakers
Introduction to Albert Today’s speakers Arta Mandegari Salman Eskandari Martin Dahlgren CEO / Co-founder Dep CEO / Co-founder Head of Finance • Serial entrepreneur, • Management consulting • 7 years experience from previous Co-founder of background from finance and accounting, Tesenso, Qvido and Tri
Slide 4: Our vision is to give every child in Europe a custom learning experience
Introduction to Albert Our vision is to give every child in Europe a custom learning experience 4
Slide 5: Started with math, moving into a one-stop-shop for kids’ learning
Introduction to Albert Started with math, moving into a one-stop-shop for kids’ learning Albert at a glance Albert is a leading app-based EdTech Leading platform for children 1-16 years old with a vision to give every child in Europe a custom learning experience ~754k 131 m Nordic EdTech Group with
Slide 6: Contents
Contents 1 Introduction to Albert 2 Expanding into a EdTech Group 3 Q2 financials 4 Summary 5 Q&A
Slide 7: The Albert group now supports more than only families
Expanding into an EdTech Group The Albert group now supports more than only families Student Albert for schools Albert for families • Sumdog (maths, • Albert Junior spelling, grammar) • Albert Teen • Jaramba pre-school • Jaramba • Sumdog • Albert Code • Albert Geo Communication • Parent portal Teach
Slide 8: Consumer marketing for all the brands in the group
Expanding into an EdTech Group Consumer marketing for all the brands in the group • Integrated customer acquisition in the family For schools For families offering for all 3 brands within the group, driven from Albert in collaboration with Sumdog. • Scalability across brands. Previously shown that…
Slide 9: Contents
Contents 1 Introduction to Albert 2 Expanding into a EdTech Group 3 Q2 financials 4 Summary 5 Q&A
Slide 10: Annual Recurring Revenue – Complemented by B2B
Q2 financials Annual Recurring Revenue – Complemented by B2B Comments on Q2 2022 +89% • Growth in both paying subscribers and ARPPU • ARPPU increased due to increase in price plans • Growth primarily driven outside of Sweden • Trend in UK that schools rather renew their subscription after the summer
Slide 11: Net sales – Accelerated growth YoY and QoQ
Q2 financials Net sales – Accelerated growth YoY and QoQ Comments on Q2 2021 • Growth in net sales reached 102% in Q2 2022 compared to Q2 2021, whereof 32 % organic • Growth primarily driven outside of Sweden +102% where to acquisition of Sumdog was the ~12 main driver • Negative FX-effects for sale
Slide 12: Overview of financials
Q2 financials Overview of financials YoY growth SEKm Q2-2022 Q2-2021 2021-22 Financial metrics Comments on Q2 2022 Q2-Q2 • Growth in net sales reached 102% in Q2 Net sales 31.2 15.4 102% 2022 compared to Q2 2021 Adjusted gross margin % 93% 89% - • 89% increase in ARR primarily on the EBITA (12.6) (1
Slide 13: Drilled down in reported EBITA
Q2 financials Drilled down in reported EBITA SEKm Q2-2022 Q2-2021 Comments on Q2 2022 Financial metrics • Increase of capitalised R&D during the period compared to previous period in 2021. This is driven Operating result (19.5) (15.0) of development of new products launched during 2022. Amortization
Slide 14: Financial targets
Q2 financials Financial targets Albert targets to grow net sales on average by more than 50 percent per year Growth in the medium term, of which organic growth will constitute the majority, and to achieve net sales exceeding SEK 500 million for the full year 2025 Profitability Albert targets an EBIT
Slide 15: Contents
Contents 1 Introduction to Albert 2 Expanding into an EdTech Group 3 Q2 financials 4 Summary 5 Q&A
Slide 16: Takeaways
Summary Takeaways Continued focus on longterm financial goals. In these times, and shortterm, you could expect more cost control and 100% focus on unit economics Sumdog B2C fully integrated successfully with centralized customer acquisition and promising results UK is a key market (but more markets
Slide 17: Contents
Contents 1 Introduction to Albert 2 Expanding into an EdTech Group 3 Q2 financials 4 Summary 5 Q&A
Slide 18: Q&A
Q&A