Attendo Ab · OMXSTO:ATT
Attendo Ab — Q4 2017 Earnings Presentation
11 slides from Attendo Ab's earnings presentation, Feb 15, 2018
Slide 1: Fourth quarter 2017 – Presentation
Fourth quarter 2017 – Presentation 15 February, 2018 Henrik Borelius, CEO Rebecca Ericsson Birck, acting CFO
Slide 2: Financial summary of Q4: Strong sales growth, profits in line with last year
Financial summary of Q4: Strong sales growth, profits in line with last year • Net sales SEK 3,011m (2,647), growth increased by 14% • Operating profit (EBITA) of SEK 240m (241) • Operating margin (EBITA) of 8.0% (9.1) • Earnings per share SEK 0.84 (0.94) • Operating cash flow of SEK 252m (404) • 13
Slide 3: Business highlights: High growth in own operations
Business highlights: High growth in own operations Highlights by contract model Net sales by contract model Own operations SEKm Q4 2017 Q4 2016 Chg (%) • High growth in net sales, +20% due to acquisitions. Headwind Own operations 1,987 1,656 20 from integration care and home care • High number of ne
Slide 4: Own operations: 43% increase of beds in operation (Y/Y)
Own operations: 43% increase of beds in operation (Y/Y) No. of beds in own operation1) New openings 13 262 10 378 9 280 9 249 9 550 8 612 8 807 8 932 9 012 7 084 7 348 7 509 7 745 7 751 6 493 6 709 Attendo Katarinanpuisto, Kaarina, Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 20
Slide 5: Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward
Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward Sweden Finland • Solid demand for own operations solutions • Solid demand for own operations solutions • Outsourcing contract decreased slightly vs • Higher activity in outsourcing market due to last year, bu
Slide 6: P&L: Higher sales growth vs 2016, through acquisitions
P&L: Higher sales growth vs 2016, through acquisitions SEKm Q4 2017 Q4 2016 Change (%) Net sales 3,011 2,647 14 Organic 0.8 -1.5 - Acquired 12.9 2.4 - Currency 0.1 2.3 - Operating profit (EBITA) 240 241 0 Operating margin (EBITA), % 8.0 9.1 - EBIT 205 210 -2 Financial net -23 -16 - Income tax -47 -4
Slide 7: EBITA change: Improved planning and processes but headwind from home care in Denmark, integration
EBITA change: Improved planning and processes but headwind from home care in Denmark, integration care, and openings Q4 2017 vs. Q4 2016: + Improved planning and processes + Acquisitions + Improved occupancy in units that were under Net -1m start-up during Q4 2016 - Home care in Denmark - Integratio
Slide 8: Cash flow: Stable operating cash flow
Cash flow: Stable operating cash flow SEKm Q4 2017 Q4 2016 Operating profit (EBITA) 240 241 Change in working capital, paid tax and non cash items 62 217 Cash flow after changes in working capital 302 458 Net investments in tangible and intangible assets -50 -54 Operating cash flow 252 404 Interest
Slide 9: Quality & employees: Stable and high customer rating in national surveys
Quality & employees: Stable and high customer rating in national surveys Examples from fourth quarter 2017 • Attendo achieved good results in the Swedish National Board of Health and Welfare’s annual customer survey of recipients of care for older AQ18 people. Implementation Client plan/methods surv
Slide 10: FY 2017: Stable development in line with long term targets
FY 2017: Stable development in line with long term targets Own operations: Share of new nursing home beds 2013-2017 • Net sales of SEK 11.2bn (10.2), adjusted growth of 8% 25% 25% • Operating profit (EBITA) of SEK 1,084m (1,002) 20% Attendo 41% • Operating margin (EBITA) of 9.7% (9.8) Other private
Slide 11: Attendo
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