Slide 1: Interim report presentation Q4
Interim report presentation Q4 August 28, 2024 July 2023 – June 2024 Marcus Strömberg, CEO Petter Sylvan, CFO 1
Slide 2: CEO introduction
CEO introduction • Strong demand and international expansion increased net sales by 15.6 percent. Organic growth was 6.8 percent. Adjusted EBIT increased 24.6 percent, 16.2 organically. • Two strategically important acquisitions were completed 2023/24, Winford in Netherlands and Touhula in Finland.
Slide 3: Highlights Q4
Highlights Q4 Strong volume and revenue growth, partly related to acquisition of Finnish preschool operation. Improved profitability in all segments. • Student numbers grew by 10.6 percent. Key figures Q4 2023/24, excluding effects of IFRS 16 • Net sales increased by 15.6 percent and organic growth
Slide 4: Highlights Q4: adjusted EBIT by segment
Highlights Q4 Strong volume and revenue growth, partly related to acquisition of Finnish preschool operation. Improved profitability in all segments. Adj EBIT 22/23 333 Preschool & International: Improved adjusted EBIT and margin. Higher school Preschool & Int. 55 vouchers in Germany and Norway comp
Slide 5: Q4 segment reporting
pysslingen FORSKOLOR a) . HAGSTRGIMSKA GYMNASIET VA — VITTRA espira Ciamamsce™* (5) eaanrioscvmmasier (Gi The Game Assembly ah. th vh. nt} @ Gespira “erggng, © ECUTBILONING — Kinderbetreuung i SALI & MARKNADSHOGSKOLAN A segment reporting (Wrievmnasier Ytmus PRAKTISKA TEES sister Maret eductus joki q
Slide 6: 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 7: Preschool and International Segment
Preschool and International Segment Strong growth and increased EBIT margin driven by acquisitions and higher school vouchers compensating for inflation • The number of children increased by 33.0 percent driven by Quarter results (MSEK) 2023/24 2022/23 Change international expansion. Net sales 1,876
Slide 8: Compulsory School Segment
Compulsory School Segment Profitability increased and capacity utilization improved Quarter results (MSEK) 2023/24 2022/23 Change • Number of children and students increased by 1.6 percent. Net sales grew 6.0 percent as a result of increased number Net sales 1,091 1,029 6.0% of students and annual v
Slide 9: Upper Secondary School Segment
Upper Secondary School Segment Improved profitability despite inflation due to cost control and higher capacity utilisation • Student numbers increased by 2.9 percent. Capacity utilisation Quarter results (MSEK) 2023/24 2022/23 Change increased to 84.3 percent (82.9). Net sales 1,465 1,383 5.9% • Ne
Slide 10: Adult Education Segment
Adult Education Segment Increased profit and margin due to continued growth in Vocational Education and transition of the Municipal business • Net sales increased by 6.5 percent to SEK 423 million (397), Quarter results (MSEK) 2023/24 2022/23 Change due to increased number of students in Higher Voca
Slide 11: Q4 Financial position
Q4 Financial position fAcademedia
Slide 12: Free cash flow and investments
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% 2,2% 2,2% 2,1% 25 1 000 75% 75% 121 1,8% 1,8% 70% 80% 66% 800 610
Slide 13: Financial position
Financial position Financial position remains strong 2023/24 2022/23 SEK m 30 Jun 30 Jun Change Total equity 6,769 6,531 3.6% • Net debt excluding IFRS 16 was higher than last year. Net debt (excl IFRS 16) 1,020 825 23.6% • Net debt including IFRS 16 lease liabilities was higher than Net debt (incl
Slide 14: Summary full year 2023/24
Summary full year 2023/24 2023/24 – strategic international acquisitions, continued strong organic growth and stable economic development • Student growth 6.2 percent – 126 new units added during the Key figures full year 2023/24, excluding effects of IFRS 16 year, including 13 preschools in Germany
Slide 15: Highlights full year 2023/24
Highlights full year 2023/24 2023/24 – strategic international acquisitions, continued strong organic growth and stable economic development Adj EBIT 22/23 964 Preschool & International: improved profit and profitability was mainly related to acquisitions, contributing SEK 45 million, increased scho
Slide 16: Financial performance vs targets
Financial performance vs targets Growth above and Profitability just below the financial targets FY 23/24 Financial targets are unchanged (FY 22/23) • Annual revenue growth rate of 5-7% including organic growth 7.3% Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisit
Slide 17: Proposal regarding voluntary share redemption program
Proposal regarding voluntary share redemption program The Board intends to propose that the Annual General Meeting resolves on a voluntary redemption program, as an offer to all shareholders for voluntary redemption of shares. The extent of the program will be determined in connection with the adopt
Slide 18: Academedia
Academedia
Slide 19: 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 20: Change through education
Academedia change through education