Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q3 2021/22 Earnings Presentation
18 slides from Academedia Ab's earnings presentation, May 5, 2022
Slide 1: Interim report presentation Q3
Interim report presentation Q3 May 5, 2022 July 2021 – March 2022 Marcus Strömberg, CEO Katarina Wilson, CFO 1
Slide 2: CEO introduction
CEO introduction • Number of children and students increased by 3.8 percent and by 5.2 percent in the Preschool Segment. • The independent school reform was introduced 30 years ago, the sector is large and growing. However changes would be welcomed, for example a common quality system to help all fa
Slide 3: Highlights Q3
Highlights Q3 Operating profit impacted by lower volumes in the Adult Education Segment and higher costs in Norway Key figures Q3 2021/22, excluding effects of IFRS 16 • Student numbers grew by 3.8 percent. • Net sales increased by 5.9 percent. Organic growth including (MSEK) 2021/22 2020/21 Change
Slide 4: Operating profit impacted by lower volumes in Adult Education and higher costs in Norway
Highlights Q3 Operating profit impacted by lower volumes in the Adult Education Segment and higher costs in Norway Adj EBIT 20/21 279 Preschool: Higher costs in Norway were somewhat offset by return to normal Preschool -6 operations in Germany and lower personnel expenses in Sweden. Compulsory 12 Sc
Slide 5: Net Sales rolling 12 months now above 14 billion
12 month rolling figures Q3 2021/22 Net Sales rolling 12 months now above 14 billion Key figures Q3 R12 2021/22, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and are Apr 2021 – now at SEK 14.2 billion. (MSEK) Mar 2022 2020/21 Change* Net sales 14,160 13,340 6.1% • Rolli
Slide 6: Q3 Segment reporting
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Slide 7: We operate throughout the education chain
4 business segments and presence in 3 countries We operate throughout the education chain Upper Compulsory Adult Preschool Secondary School Education School Age group 0-6 yrs 6-16 yrs 16-18 yrs 18+ yrs Geography # FTE* 4 987 3 276 3 469 1 400 Net sales split* 29% 24% 33% 14% *) 2020/21 7
Slide 8: Preschool Segment
Preschool Segment Higher costs in Norway partly offset by lower personnel expenses in Sweden • 4 new units in Germany in the quarter, gives a total of 289 Quarter results (MSEK) 2021/22 2020/21 Change units, of which 72 in Germany. Net sales 1,128 1,020 10.6% • The number of children increased by 5.
Slide 9: Compulsory School Segment
Compulsory School Segment Increased number of students and lower personnel expenses caused by higher employee absence • The segment includes 116 compulsory schools of which 38 Quarter results (MSEK) 2021/22 2020/21 Change integrated preschools in Sweden under six profiles. Net sales 940 877 7.2% • N
Slide 10: Upper Secondary School Segment
Upper Secondary School Segment Increased number of students and lower personnel expenses caused by higher employee absence • The segment includes 151 upper secondary schools in Quarter results (MSEK) 2021/22 2020/21 Change Sweden under 16 brands. Net sales 1,280 1,202 6.5% • Student numbers increase
Slide 11: Adult Education Segment
Adult Education Segment Volumes in the municipal education business returning to more normal levels. Vocational business continued to grow. • Net sales decreased by 7.8 percent and was attributable to Quarter results (MSEK) 2021/22 2020/21 Change the Labour Market Services and the Municipal Adult Ne
Slide 12: Q3 Financial position
Q 3 Financial position fAcademedia
Slide 13: 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 MSEK MSEK 1 200 100% 1 200 4,0% 86% 90% 2,8% 1 000 77% 75% 75% 1 000 2,2% 3,0% 80% 2,2% 2,0% 1,7% 1,8% 121 1,8% 62% 70% 800
Slide 14: Continued strong financial position
Financial position Continued strong financial position 2021/22 2020/21 • Net debt excluding IFRS 16 is significantly lower than the SEK m 31 Mar 31 Mar Change same period last year. Cash position improved. Total equity (excl IFRS 16) 5,925 5,321 11.4% • Leverage ratio is lower than the same period l
Slide 15: Financial performance vs targets
Financial performance vs targets Performance continue to be in line with financial targets Q3 R12M Financial targets are unchanged (FY 20/21) • Annual revenue growth rate of 5-7% including organic growth 6.9%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions a
Slide 16: Academedia
Academedia
Slide 17: 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 18: Change through education
~Academedia change through education