Alef Education Holding Plc · ADX:ALEFEDT
Alef Education — H1 2024 Earnings Presentation
17 slides from Alef Education's earnings presentation, Oct 1, 2024
Slide 1: Alef Education H1 2024 Investor Presentation
Alef Education H1 2024 Investor Presentation
Slide 2: Executive Summary
Executive Summary Highlights & KPIs H1’24 numbers Revenue ▪ Consistent and sticky revenue from long-term ADEK contract providing significant revenue visibility and Financial reliability; revenue slightly up year-on-year. AED 354 million ▪ Robust cash flow generation despite ramp up in capex on produ
Slide 3: Business Overview
Business Overview H1 2024
Slide 4: H1 2024 Performance | KPIs Snapshot
H1 2024 Performance | KPIs Snapshot Operational Financial B2B B2G AED 354 million AED 112 million 151K H1 2023 Change YoY Trend H1 2023 Change YoY Trend AED 352 million 1% AED 120 million (6%) Paid users 45% 55% Revenue Expenses (14% of registered users) AED 259 million 310 H1 2023 Change YoY Trend
Slide 5: Growth Pillars | Across segments
Growth Pillars | Across segments Ambition to become one of the leading global EdTech providers transforming educational outcomes through data-driven personalized learning I. Super-Serve the UAE II. High Impact B2G III Among B2B World Leaders Core Growth Drivers c. AED 3.0 BN c. AED 22.0 BN c. AED 25
Slide 6: Business Overview | B2B & B2G Segment
Business Overview | B2B & B2G Segment B2B Segment B2G Segment 158 68K Paid schools Paid users 871 ▪ KICD & UNICEF: MoU signed with UNICEF and KICD (Kenya) paving # of Schools in the pipeline the ground for a commercial agreement to deliver digital climate literacy courses to Kenyan students New mark
Slide 7: Financial Overview
Financial Overview H1 2024
Slide 8: Financial Overview | Revenue & Expenses (Q2 & H1 2024)
Financial Overview | Revenue & Expenses (Q2 & H1’ 2024) Revenue (AED million) Expenses (AED million) 352 354 120 112 24 25 19 17 16 21 176 178 58 57 12 13 328 329 9 8 8 11 85 74 164 165 41 38 Q2 Q2 H1 H1 Q2 Q2 H1 H1 2023 2024 2023 2024 2023 2024 2023 2024 Education solutions Support & services Educa
Slide 9: Financial Overview | EBITDA & Profit before Tax (Q2 & H1 2024)
Financial Overview | EBITDA & Profit before Tax (Q2 & H1’ 2024) Adj. EBITDA* (AED million) Adj. Profit before tax* (AED million) Margin: 72% 73% 71% 73% Margin: 67% 70% 66% 70% 249 259 233 249 4 2 7 8 8 4 126 129 119 124 4 1 1 4 256 4 1 272 242 258 123 127 130 136 -9 -8 -19 -18 -8 -8 Q2 Q2 H1 H1 -17
Slide 10: Financial Overview | Capex, Total Assets & Liabilities (H1 2024)
Financial Overview | Capex, Total Assets & Liabilities (H1’ 2024) CapEx (AED million) ▪ Capex increase in H1 2024 is primarily driven by purchase of intangible assets 0 which is attributed to the acquisition of Arabits and Abjadiyat (including non- cash component) which was completed in Q1 2024 as w
Slide 11: Financial Overview | Dividend Story
Financial Overview | Dividend Story Net profit distribution (%) Dividend distribution (%) Yield for free float (%) Avg share price ~ AED 1.2 *Minimum 10% 90% guaranteed 80% 20% dividend ~ 0.1 AED Dividend yield on share price Distributable profit Retained profit Free Float Existing Shareholders 8% D
Slide 12: Q&A
Q&A chy
Slide 13: Appendix
Appendix
Slide 14: Interim consolidated statement of financial position
Interim consolidated statement of financial position All figures in AED millions FY 2023 H1 2024 Assets Non-current assets Property and equipment 3 2 Right of use asset 0 8 Intangible assets 80 136 Trade and other receivables 12 5 Total non-current assets 95 151 Current assets Trade and other receiv
Slide 15: Interim consolidated statement of comprehensive income
Interim consolidated statement of comprehensive income All figures in AED millions Q2 2023 Q2 2024 H1 2023 H1 2024 Income Education solution fees 164 165 327 329 IT maintenance fees 12 12 24 25 Revenue from contracts with customers 176 178 352 354 Expenses Salaries and other benefits (29) (27) (59)
Slide 16: Interim consolidated statement of cash flows
Interim consolidated statement of cash flows All figures in AED millions H1 2023 H1 2024 Operating activities Profit for the period before tax 376 248 Adjustments for: - - Depreciation on property and equipment 2 1 Depreciation on right of use asset 0 1 Amortisation of intangible assets 15 17 Income
Slide 17: Thank You
THANK YOU 17 This is a CONFIDENTIAL classified Document
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