Embark Early Education Limited · ASX:EVO
Embark Early Education — Investor Presentation (August 2024)
7 slides from Embark Early Education's investor presentation, Aug 26, 2024
Slide 1: 2024 Interim Results Investor Presentation
2024 Interim Results Investor Presentation
Slide 2: Disclaimer
Disclaimer The information in this presentation is an overview and does not contain all information necessary to make an investment decision. It is intended to constitute a summary of certain information relating to the performance of Embark Early Education Limited (“Embark Education”) for the curre
Slide 3: 1H24 Overview
1H24 Overview* *Information on this page relates to Australian operations and figures are pre AASB16 • Strong start to the year with 1H occupancy of 78% (down from 80% from exceptionally strong 1H 2023) • Revenue growth of 17.7% vs PCP to $34.4 million • Underlying Australian centre EBITDA growth of
Slide 4: Financial Performance
Financial Performance Centre Performance ($m)1 CY24 H1 CY23 H1 Change Australian Operations Only Centre revenue 34.4 29.1 18.3% Wages 19.1 16.1 18.6% • 18% revenue increase vs PCP driven by Rent 3.4 3.0 13.3% fee increase due to inflationary costs, Other Centre Expenses 3.9 3.3 18.2% and acquisition
Slide 5: Balance Sheet
Balance Sheet Statutory Consolidated Accounts (Australia and NZ) HALF YEAR 30 JUNE 2024 YEAR ENDED 31 DECEMBER 2023 $'000 $'000 Cash and cash equivalents 12,484 26,839 Trade and other receivables 2,840 2,690 Total current assets 15,324 29,529 • No borrowing as at 30 June 2024 Property, plant and equ
Slide 6: Strategy and Outlook
Strategy and Outlook Australian Operations Only • Strong start to occupancy in 1H2024 continuing with ‘spot’ occupancy1 at 83.5% • QLD “Free Kindy” started 1 January 2024 providing greater support and affordability for QLD families • Award wage increase of 3.75% + 0.5% increase in SGL implemented Ju
Slide 7: Appendix: Consolidated Financial Statements
Appendix: Consolidated Financial Statements Statutory Consolidated Accounts HALF YEAR HALF YEAR (Australia and NZ) 30 JUNE 2024 30 JUNE 2023 Statutory Consolidated Accounts YEAR ENDED $'000 $'000 HALF YEAR Childcare Fees 9,526 9,608 (Australia and NZ) 30 JUNE 2024 31 DECEMBER 2023 Government Funding
Embark Early Education — Investor Presentation (August 2024) on 6ix