Ataa Educational Company · TADAWUL:4292
Ataa Educational — H1 2023 Earnings Presentation
21 slides from Ataa Educational's earnings presentation, 2023
Slide 1: Ataa Educational Company Investor Presentation H1 2023
Ataa Educational Company Investor Presentation H1 2023
Slide 2: Ataa key milestones
Ataa key milestones Our journey so far Acquisition of Soft opening of Ataa evolution Company changed AlOruba Rowad Ishbilia & through Acquisition of to a Joint Stock Introduction of transfer of students contemplated the AETG Company International from Nokhbah curriculum AlMaseef / AlKhaleej IPO 1991
Slide 3: مدارس رواد اشبيليا األهلية الشرق األوسط العالمية مدارس السليمانية العالمية مدارس النخبة االهلية (
مدارس رواد اشبيليا األهلية الشرق األوسط العالمية مدارس السليمانية العالمية مدارس النخبة االهلية ( بالخرج)
Slide 4: Introduction to Ataa Educational Company: Ataa snapshot
Introduction to Ataa Educational Company (“Ataa”) Ataa snapshot H1 2023 H1 2022 H1 2023 H1 2022 335M SAR 272M SAR 31M SAR 52M SAR Revenues Revenues Net Income Net Income 23 % growth Shareholders in the company Including the gains from Acquisitions 103M SAR 118M SAR 31% 43% EBITDAR EBITDAR EBITDAR Ma
Slide 5: Educational sector
Introduction to Ataa Educational Company (“Ataa”) Educational sector H1 2023 H1 2022 H1 2023 H1 2022 310M SAR 230M SAR 44,7M SAR 15,8M SAR Revenues Revenues Net Income Net Income 35 % growth 184 % growth 110M SAR 72M SAR 35% 31% EBITDAR EBITDAR EBITDAR Margin 52 % growth 44,920 39,327 12.9 12.3 Stud
Slide 6: Key Financial Summary
Key Financial Summary
Slide 7: Robust financial performance despite economic headwinds
Robust financial performance despite economic headwinds Number of students Thousands Revenues SARm 12.4x 13.4x 13.5x 12.3 x 12.9x 27.3 27.2 42.4 39.3 44.9 0.7 0.7 0.7 9.6 9.0 8.4 577.5 0.7 0.6 12.2 12.8 7.1 7.0 12.1 336.4 334.6 5.5 6.9 280.3 271.9 20.6 18.2 21.9 14.1 12.7 FY20 FY21 FY22 H1 22 H1 23
Slide 8: Strong margins to drive cash generation with significant headroom to grow
Strong margins to drive cash generation with significant headroom to grow Strong sustainable margins… …driving cash generating profile… % % 50% 160% 151% 43%43% 43% 42% 39% 37% 140% 128% 40% 35% 34% 30% 120% 31% 94% 30% 100% 86% 23% 80% 68% 20% 20% 60% 13% 13% 10% 40% 10% 20% 0% 0% FY20 FY21 FY22 H1
Slide 9: Revenue Break-Down
Revenue Break-Down Revenue by School Alfaisal French Segment Reporting 1% Creative 7% 1% SR in 000s H1 22 % H1 23 % Var (YTD 22-23) National 117,360 43.2% 168,235 50.4% 43.3% Indian 11% National International 84,162 31.0% 100,837 30.1% 19.8% 50% Indian 24,266 8.9% 35,399 10.6% 45.9% French 4,424 1.6
Slide 10: Revenue Break-Down
Revenue Break-Down Revenue by School Revenue by Type Rowad Rowad Rowad Rowad Rowad Nokhba Al-Fikr Al-Oruba Middle East Sulaimaniya New Modern Al-Izdihar Al-Rowabi Al-Mansoura Ishbilia Al-Andalus Al-Kharj International International International Middle East Middle East H1 2023 33,228 17,497 11,642 2
Slide 11: National schools portfolio
National schools portfolio Overview of national curriculum portfolio Rowad Rowad Rowad Al- Rowad Nokhb ALMAN Al- Al- Manso Rowad Al- a Al- Al-Fikr Al-wasat Amjad Al- TOTAL/ AHIJ Izdihar Rawabi ura Ishbilia Andalus Kharj School Schools Qurtabe jawdah AVG Curriculu m Area (sqm) 60,600 15,000 14,225 18
Slide 12: International schools portfolio
International schools portfolio Overview of international curriculum portfolio Al-Elm Rowad Al-Oruba Middle East Sulaimaniya International Ishbilia Int’l2 International Int' Int’l School Al-Alson Jeel Al-majd TOTAL/AVG Curriculum Area (sqm) 9,240 19,485 4,558 2,641 14,000 20,199 19,770 89,893 Owners
Slide 13: Indian schools portfolio
Indian schools portfolio Overview of international curriculum portfolio New Middle Modern Al-Yasmin TOTAL/AVG East Middle East Curriculum Area (sqm) 7,981 14,000 8,571 30,552 Ownership Leased Leased Leased ---- Classrooms 233 142 88 463 Capacity 6,700 3,550 2,200 12,450 Number of students 4,645 2,66
Slide 14: Ataa school portfolio
Ataa school portfolio Highly diversified student base with further room to consolidate Stable student base across different grades… Number of students in each grade as of 2023(# students) H1 2023 H1 2022 5,668 3,952 3,749 3,608 3,523 3,475 3,396 3,357 3,344 3,311 3,302 3,240 3,134 3,126 3,033 3,010
Slide 15: Debt Summary and Debt Maturity Profile
. DEBT SUMMARY …DEBT MATURITY PROFILE … Term Loans SR in 000s % 120 2023 110,459 24.1% 110 2024 72,629 15.8% 100 2025 69,769 15.2% 80 2026 66,555 14.5% 73 70 67 2027 48,271 10.5% 59 60 2028 31,639 6.9% 48 40 2029 28,773 6.3% 32 2030 15,333 3.3% 20 2031 15,333 3.3% Total 458,762 - 2023 2024 2025 2026
Slide 16: Investment Highlights
Investment Highlights Leading K-12 operator with one of the most diversified offering in KSA
Slide 17: Saudi macroeconomic indicators are highly attractive
Saudi macroeconomic indicators are highly attractive Largest economy in MENA… …with the largest population in GCC USDbn Million 24.1k 42.6k 3.7k 2.5k 5.5k 14.7K 1.6% 1.2% 5.4% 3.1% 3.7% 3.6% 1,000 40 782.5 35 32.4 800 30 600 25 406.7 20 400 300.5 15 249.1 217.8 9.5 160.7 10 200 4.8 4.2 5 2.7 1.6 0 0
Slide 18: Market fundamentals conducive to support growth
Market fundamentals conducive to support growth Key area of focus by the Saudi remains behind Strong sector fundamentals + government with KPIs included in Vision 2030 + region in terms of private sector participation Saudi macroeconomic indicators are highly attractive % of students enrolled in p
Slide 19: Ataa strategy overview
Ataa strategy overview Clear defined strategy to drive growth
Slide 20: Clear defined strategy to drive growth: Enablers
Clear defined strategy to drive growth Enhance academic Maximize schools’ Optimizing operational Enriching services quality utilization efficiency provided Cascade HoldCo strategy into objectives and targets by school • Leading school in Qiyas Al 5-years targets • Increased partnerships with qudrat
Slide 21: Thank you for your time Q&A
Thank you for your time Q&A
Ataa Educational Company — H1 2023 Earnings Presentation on 6ix