Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q3 2020/21 Earnings Presentation
18 slides from Academedia Ab's earnings presentation, May 6, 2021
Slide 1: Interim report presentation Q3 July 2020 – March 2021
Interim report presentation Q3 May 6, 2021 July 2020 – March 2021 Marcus Strömberg, CEO Katarina Wilson, CFO 1
Slide 2: CEO introduction
CEO introduction • Organic revenue growth of 7.3 percent. • Swedish Education Group, Stockholms Internationella Montessoriskola and three new preschools in Germany contributed to the growth in the quarter. • Adjusted operating profit increased to SEK 278 million (224) with improvements in all segmen
Slide 3: EdTech – a new business opportunity
EdTech – a new business opportunity A broad range of digital tools and services, developed in-house as well as acquired, create new business opportunities Category Existing tools and services Marketplaces Digital study support Digital educational services Technology platforms Learning platforms Nova
Slide 4: All segments contributed to the positive development
Highlights Q3 All segments contributed to the positive development • Student numbers grew by 8.1 percent in the school segments, of which 2,500 children and students relate to the Key figures Q3 2020/21, excluding effects of IFRS 16 acquisition of Swedish Education Group (Segab). Stockholms Internat
Slide 5: All segments contributed to the positive development
Highlights Q3 All segments contributed to the positive development Adj EBIT 19/20 224 Preschool: The German operation is still impacted by the pandemic, offset by increased operating profits in Norway following higher school voucher and staff Preschool 3 planning in Sweden. Compulsory 10 Compulsory
Slide 6: Adjusted EBIT margin improved for the eighth consecutive quarter
12 month rolling figures Q3 2020/21 Adjusted EBIT margin improved for the eighth consecutive quarter • 12 month rolling net sales continue to grow and is now Key figures Q3 R12 2020/21, excluding effects of IFRS 16 at SEK 12.9 billion. 2020/21 (MSEK) 2019/20 Change* R12 • Rolling 12-month adjusted E
Slide 7: Segment reporting
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Slide 8: 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* 4 788 3 083 3 292 1 331 Net sales split* 30% 24% 33% 13% *) 2019/20 8
Slide 9: Preschool Segment
Preschool Segment Lower capacity utilisation in Germany due to the pandemic offset by higher earnings in Norway and Sweden • Three new units in Germany opened in the quarter, which gives a total of 270 units in this segment. The number of children Quarter results (MSEK) 2020/21 2019/20 Change increa
Slide 10: Compulsory School Segment
Compulsory School Segment Acquisitions drive student numbers and revenue growth • The segment includes 116 compulsory schools and Quarter results (MSEK) 2020/21 2019/20 Change integrated preschools in Sweden, of which the acquisition of Net sales 877 801 9.5% Swedish Education Group and Stockholms I
Slide 11: Upper Secondary School Segment
Upper Secondary School Segment Student numbers increased by 12.3% driven by the acquisition of Segab • The Upper Secondary School Segment includes 150 schools in Quarter results (MSEK) 2020/21 2019/20 Change Sweden. The acquisition of Segab added four units in the period. Net sales 1,202 1,064 13.0%
Slide 12: Adult Education Segment
Adult Education Segment High volume and capacity utilization continue to impact earnings and margin. The acquisition of Segab contributed to the growth. • Rising unemployment has continued to create high demand Quarter results (MSEK) 2020/21 2019/20 Change for adult education with continued volume i
Slide 13: Financial position
Q3 2020/21 Financial position 13
Slide 14: 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 1 400 140% 1 200 0.4% 2,8% 1 200 1 335 120% 1 000 0.3% 104% 2,2% 2,1% 800 1,7% 1,8% 1,7% 1 000 100% 0.2% 610 34 7
Slide 15: Financial position continues to improve
Financial position Financial position continues to improve • Net debt is significantly lower than the same period last year. 2020/21 2019/20 Cash position improved. SEK m 31 Mar 31 Mar Change Total equity 5,335 4,741 12.5% • Leverage ratio improved from previous quarter and is lower than the same pe
Slide 16: Financial performance vs targets
Financial performance vs targets All targets are met for the 2nd quarter running Q3 R12M Financial targets are unchanged (FY 19/20) • Annual revenue growth rate of 5-7% including organic growth 7.3%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisitions and FX (5.4
Slide 17: Thank you, questions?
Thank you, questions? 17
Slide 18: 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 historic