Mayfield Childcare Ltd. · ASX:MFD
Mayfield Childcare — HY2025 Earnings Presentation
26 slides from Mayfield Childcare's earnings presentation, Sep 1, 2025
Slide 1: Mayfield Childcare Limited 2025 Half Year Results Investor Presentation
Mayfield Childcare Limited 2025 Half Year Results Investor Presentation August 2025
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer This Presentation contains summary information about the current activities of Mayfield Childcare Limited (Mayfield). It should be read in conjunction with Mayfield’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchang
Slide 3: Agenda
Agenda Result Strategy Financial Outlook Overview Update Performance
Slide 4: Executive Summary
Executive Summary From underperformance to growth, addressing legacy, market, and shareholder challenges through restructuring, investment, and customer focus. Driving enrolments, cost control, and margin improvement Legacy challenges: What we have done: Acquisition performance 1. Restructured
Slide 5: Result Overview
01 Result Overview Key Metrics HY25 Highlights Underlying Centre EBITDA HY25 Occupancy HY25 Cost Control HY25
Slide 6: Key Metrics
Key Metrics 65 1,080 $3.2K $727 3 4 Family NPS Total Centre Staff Rent per Indirect overhead (1H FY24 NPS 55) (1H FY24 – 928) licensed place wages per licensed place 45 4,195 60.5% 63% 2 1 Total Centres Licensed Places Wage To Revenue Spot Occupancy Operating (1H FY24 – 62.2%) (1H FY24 - 70%) 1. Spo
Slide 7: HY25 Review
HY 25 Review Following underperformance in Q1 and a change in CEO leadership, focus has shifted to controllable factors, quality and safety, wage stability, occupancy, and operational costs. These efforts led to improved Q2 performance. 1H 25 Underlying Q1/Q2 Underlying Centre HY25/HY24 Underlying C
Slide 8: Underlying Centre EBITDA
Underlying Centre EBITDA Sustained month-on-month growth, July EBITDA surpasses prior year despite acquisition drag. Underlying Centre EBITDA to month end July now superior to prior period. ($,000) Underlying Centre EBITDA 1 $1,400 $1,200 $1,000 $800 $600 $400 $200 $0 January February March April Ma
Slide 9: Occupancy HY25
Occupancy HY 25 Occupancy on a Year to Date basis remains a challenge across the group due to slow uptake of new family enrolments, recovery path and trajectory clearly defined. Mayfield Childcare Portfolio Group5 Group Occupancy 53% Mayfield Portfolio YTD 59% Occupancy1 (21 centres) Year on Year Oc
Slide 10: Occupancy Monthly 24/25
Occupancy Monthly 24/25 Steady recovery trajectory on track to close the gap with 2024 levels and establish baseline for growth in 2026 Group Occupancy (HY24 vs HY25) 63 61 59 July Monthly Occupancy 57 Mayfield Childcare 62% Occupancy (%) 55 (63%PCP) Portfolio HY 2024 53 HY 2025 Mayfield Early 51% (
Slide 11: Cost Control HY
Cost Control HY 25 $1M wage cost reduction achieved through improved rostering. Despite higher employment costs, Opex held flat at 6% of revenue. Operating Expenses % of Revenue Monthly Wage to Revenue % 2900 7% 1 6% 6% 73% 2800 6% 1 71% 1 69% 2700 5% 1 1 67% 65% 2600 4% 1 0 63% 2500 3% 0 61% 0 59%
Slide 12: Precious Cargo Performance
Precious Cargo Performance Performance improving from significant acquisition underperformance to near breakeven, driven by cost controls and centre-level initiatives. 1Q 25 2Q 25 • Precious Cargo materially underperformed versus pre-acquisition forecasts (Centre Level EBITDA $1.3 Wage to Revenue 82
Slide 13: Strategy Update
02 Strategy Update Key Achievements Strategic Progress
Slide 14: Portfolio Update
Portfolio Update 8 Centres Queensland 08 Centres South Australia 29 Centres Victoria
Slide 15: Strategic Overview
Strategic Overview Five strategic pillars driving growth — from curriculum excellence to scalable platforms and sustainable margins. Strategic Focus Areas 2025-2026 1 2 3 4 5 Program & Service Delivery Compliance & Quality People & Culture Commercial Platform Sustainable Growth Delivers consistent,
Slide 16: Child Safety
Child Safety At Mayfield we are continually focused on improving outcomes and safety for children at each Mayfield Centre. Our governance model is designed to support proactive management and improvement across all core areas of service delivery. Satisfaction Strengthening of personal device polic
Slide 17: Operating Model
Operating Model Our operating model is focused on lifting occupancy, reducing costs, and strengthening centre performance, the key levers to margin recovery and long-term shareholder value. Family & Child Staff Engagement & Voice Of Customer Product Innovation Experience Delivery Excellence Communit
Slide 18: Enhancements - Operating Model
Enhancements - Operating Model Family and Child Experience Revised systems and processes across customer relationship management and childcare management systems. Advancements in approach coupled with system level improvements to redefine ease of access for external and internal customers Operat
Slide 19: Enhancements - Portfolio
Enhancements - Portfolio Stronger portfolio performance driven by targeted occupancy initiatives, enhanced marketing, quality investment, and integration of Precious Cargo, with Q2 momentum building after a soft start to the year. ENROLMENT RECOVERY – Core occupancy improved in Q2, supported by re
Slide 20: Financial Performance
03 Financial Performance Earnings Cashflow Balance Sheet
Slide 21: Earnings
Earnings $’000S 1H FY25 UNDERLYING 1H FY24 UNDERLYING Childcare Services Revenue increased by $6.2 million to $43.9 million driven by the contribution from the Precious Cargo acquisitions as well as fee Childcare Services Revenue 43,876 37,691 increases implemented after the prior period. Other In
Slide 22: Cashflow
Cashflow $’000S 1H FY25 1H FY24 Cash flows from operating activities • Decreases in operating cashflow are primarily Receipts from customers, including government funding 43,746 37,527 driven by increases to labour costs associated Payments to suppliers and employees (37,105) (31,244) with newly acq
Slide 23: Balance Sheet
Balance Sheet $’000S Cash and cash equivalents Trade and other receivables JUN-25 381 2,429 DEC-24 103 2,774 Prepayments 382 559 1.Cash Position: The Group utilised working capital to TOTAL CURRENT ASSETS 3,192 3,436 maximise repayments of debt facilities that were drawn down in the prior period to
Slide 24: Outlook and Trading Update
04. Outlook and Trading Update
Slide 25: Outlook and Trading Update
Outlook and Trading Update Organic Growth Momentum Focus on customer and service delivery combined with investments in program, quality and marketing expected to lift enquiry and conversion rates into 2H25, supporting sustained occupancy improvement. Precious Cargo Integration Continued focus to
Slide 26: Mayfield Childcare Limited
Mayfield Childcare Limited PO Box 2214, Wattletree Road, Malvern East VIC 3145 Suite 1, Level 3/108 Power St, Hawthorn VIC 3122 mayfieldchildcare.com.au Daniel Stone Chris Hayes Andrew Angus Chief Executive Officer Chief Financial Officer Investor Relations dstone@mayfield.com.au chayes@mayfield.com