Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q3 2024/25 Earnings Presentation
22 slides from Academedia Ab's earnings presentation, May 8, 2025
Slide 1: Q3 Interim report presentation July – December 2024
Interim report presentation Q3 May 8, 2025 July – December 2024 Marcus Strömberg, CEO Petter Sylvan, CFO 1
Slide 2: CEO introduction
CEO introduction • Net sales increased by 9.2 percent, 5.0 percent organically including small bolt on acquisitions. • Continued strong and stable financial development, all segments contributing to EBIT in the quarter. • Improved quality results, with increase in teacher certification levels, and s
Slide 3: Rising teacher certification levels
Rising teacher certification levels AcadeMedia 100% 76,2% 78,2% 79,7% 80% 67,0% 70,3% 61,6% 60% 40% 20% 0% Compulsory school Upper secondary school 2022/23 2023/24 2024/25 3 Source: Skolverket
Slide 4: Two important acquisitions
Two important acquisitions Yes! Kinderopvang • 22 preschools in the Netherlands • 1,400 preschool places • In 2025, expected turnover of EUR 17 million and an EBITDA of EUR 1.9 million • Acquisition completed in April 2025 International School Potsdam and International School Erfurt • Includes opera
Slide 5: Increased profit YoY - 19% CAGR EBIT development
Adj. EBIT development 2007 – 2023/24 Increased profit YoY - 19% CAGR EBIT development 1 229 1 097 1 001 964 934 +19% 728 670 638 634 596 Adj. EBIT MSEK 567 485 381 389 227 181 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 Q3 R12M 5
Slide 6: 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 18 758 17 331 15 534 14 334 13 335 12 268 60,7% 11 710 63,2% 10 805 9 516 66,4% 67,4% 8 608 67,1% 8 160 67,2% 67,5% 6 372 66,1% 65,3% 9,4% 67,4% 68,0% 9,8% 10,5% 80,2% 12,6% 12,7% 13,9% 15,4% 1 478 29,9% 16,6% 2
Slide 7: Continued strong growth, all segments contributed to the improved adj. EBIT
Highlights Q3 Continued strong growth, all segments contributed to the improved adj. EBIT for the second quarter in a row • Student numbers grew by 6.9 percent. Key figures Q3 2024/25, excluding effects of IFRS 16 • Net sales increased by 9.2 percent and organic growth was (SEK m) 2024/25 2023/24 Ch
Slide 8: Strong growth, all segments contributed to the improved adj. EBIT
Highlights Q3 Strong growth, all segments contributed to the improved adj. EBIT Adj EBIT 23/24 327 Preschool & International: The acquisition of Touhula contributed positively to Preschool & Int. 13 the quarter. Compulsory 7 School Compulsory School: Continued stable development. Acquisition and exp
Slide 9: Continued growth with stable adjusted EBIT and margin
12 month rolling figures Q3 2024/25 Continued growth with stable adjusted EBIT and margin Key figures Q3 R12 2024/25, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and Apr 2024 – amounts to SEK 18.8 billion. (SEK m) Mar 2025 2023/24 Change* Net sales 18,759 17,332 8.2% •
Slide 10: Q3 Segment reporting
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Slide 11: 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 12: Acquisitions and openings in Germany drive growth
Preschool and International Segment Acquisitions and openings in Germany drive growth • The number of children increased by 18.3 percent driven by Quarter results (SEK m) 2024/25 2023/24 Change international expansion. Net sales 1,871 1,605 16.6% • Net sales were SEK 1,871 million. Organic growth wa
Slide 13: Continued stable development. Acquisition and expansion units had a positive impact on EBIT
Compulsory School Segment Continued stable development. Acquisition and expansion units had a positive impact on EBIT in the quarter. Quarter results (SEK m) 2024/25 2023/24 Change • Number of children and students increased by 4.9 percent. Net sales grew 8.2 percent as a result of increased number
Slide 14: Improved profitability following good cost control
Upper Secondary School Segment Improved profitability following good cost control • Student numbers increased by 0.6 percent. Quarter results (SEK m) 2024/25 2023/24 Change Net sales 1,519 1,473 3.1% • Net sales increased by 3.1 percent as a result of increased number of students and annual voucher
Slide 15: Profitability improved for the seventh consecutive quarter
Adult Education Segment Profitability improved for the seventh consecutive quarter • Net sales increased by 5.0 percent to SEK 465 million (443), Quarter results (SEK m) 2024/25 2023/24 Change due to increased number of students higher vocational Net sales 465 443 5.0% education. EBIT 53 43 23.3% •
Slide 16: Q3 Financial position
Q 3 Financial position fAcademedia
Slide 17: 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 1 200 100% 1 200 4,0% 86% 2,8% 90% 1 000 3,0% 1 000 75% 75% 75% 2,2% 2,2% 2,1% 80% 121 1,8% 1,8% 66% 25 1,7% 1,
Slide 18: Financial position remains strong
Financial position Financial position remains strong 2024/25 2023/24 SEK m 31 Mar 31 Mar Change • Net debt including and excluding IFRS 16 was lower than Total equity (excl IFRS 16) 6,865 6,507 5.5% last year. Net debt (excl IFRS 16) 1,244 1,484 -16.2% • Leverage ratio (excl IFRS 16) was below last
Slide 19: Growth above and Profitability just below the financial targets
Financial performance vs targets Growth above and Profitability just below the financial targets Q3 R12M Financial targets are unchanged (FY 23/24) • Annual revenue growth rate of 5-7% including organic growth 6.1%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisit
Slide 20: Academedia
Academedia
Slide 21: Forward-looking statements disclaimer
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 22: change through education
Academedia change through education