Attendo Ab · OMXSTO:ATT
Attendo Ab — Q4 2016 Earnings Presentation
13 slides from Attendo Ab's earnings presentation, Feb 15, 2017
Slide 1: Fourth Quarter 2016 – Presentation
Fourth Quarter 2016 – Presentation 15 February, 2017 Henrik Borelius, CEO Tomas Björksiöö, CFO
Slide 2: Financial summary of Q4: Continued stable development
Financial summary of Q4: Continued stable development Net sales SEK 2,647m (2,564), adjusted growth 4% Operating profit (EBITA) of SEK 241m (215) Operating margin (EBITA) of 9.1% (8.4) Operating cash flow of SEK 404m (324) High number of beds under construction: 1,935 Proposed dividends:
Slide 3: Business highlights: Stable growth in own operations
Business highlights: Stable growth in own operations Highlights by contract model Net sales by contract model SEKm Q4 2016 Q4 2015 Chg (%) Own operations Own operations 1,656 1,498 11 • Stable growth development of net sales, +11% Outsourcing 787 805 -2 • 8 new own homes opened, 210 beds Staffing 20
Slide 4: Own operations: Increased number of beds under construction
Own operations: Increased number of beds under construction No. of beds under construction1) New own units 1 935 1 716 1 469 887 922 855 918 861 780 827 755 650 654 737 595 611 Attendo Koskipuisto hoivakoti, Jämsä Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2013 2014 2015 2016 No. of bed
Slide 5: Market highlights: Continued strong demand for new nursing homes, SOTE reform in Finland move forward
Market highlights: Continued strong demand for new nursing homes, SOTE reform in Finland move forward Market highlights Counties in SOTE reform Sweden • Good demand for own operations solutions • Tendered outsourcing contract volumes continued to increase slightly • In November 2016, the Swedish gov
Slide 6: Strong margin development
Strong margin development SEKm Q4 2016 Q4 2015 Change (%) Net sales 2,647 2,564 32 Organic -1.51 8.8 - Acquired 2.4 1.9 - Currency 2.3 0.0 - Operating profit (EBITA) 241 215 12 Operating margin (EBITA ) 9.1 8.4 - EBIT 210 201 4 Financial net -16 -231 - Income tax -43 21 - Profit for the period 151 -
Slide 7: Higher operating profit due to higher occupancy in new units and improved planning and processes
Higher operating profit due to higher occupancy in new units and improved planning and processes Q4 2016 vs. Q4 2015: + Improved occupancy in units that were under start-up during Q4 2015 + Improved planning and processes + Acquisitions Net +26m - Lower contribution from home care - Net new / ended
Slide 8: Strong cash generation in Q4
Strong cash generation in Q4 SEKm Q4 2016 Q4 2015 Operating profit (EBITA) 241 215 Change in working capital, paid tax and non cash items 217 155 Cash flow after change in working capital 458 370 Net investments in tangible and intangible assets -54 -46 Operating cash flow 404 324 Interest received/
Slide 9: Quality & employees: good results from customer surveys
Quality & employees: good results from customer surveys Attendo’s quality definition Examples from fourth quarter 2016 • Continued solid quality results throughout the organization. Implementation Client • Attendo’s quality thermometer Implementation for 2016 Client plan/methods survey amounted to 8
Slide 10: Summary – Full Year 2016
Summary – Full Year 2016 Solid development in line with long term targets Net sales by service offering Continued strong demand for new own homes. 20 new own 19% Care for older people homes were opened with 770 beds. Increased pace of beds Care under construction, 1,935 by end of the year 19% 62% He
Slide 11: Strong market fundamentals: ~80.000 new beds required (2016-2030)
Strong market fundamentals ~80.000 new beds required (2016-2030) Demand for new beds per year – SWE and FIN Nursing homes, 2011-2030 Thousands; beds Share of new 8,0 beds 2012-2016 7,5 7,0 6,5 21% 22% 6,0 5,5 4,9 Finland 5,0 17% 4,5 4,3 Attendo 4,0 4,0 38% Other private 3,4 Local authority 3,5 3,1 3
Slide 12: Attendo – Care your way
Attendo Care your way
Slide 13: Disclaimer
Disclaimer This presentation has been prepared by Attendo AB (publ) (the “Company”) solely for use at this presentation and is furnished to you solely for your information and may not be reproduced or redistributed, in whole or in part, to any other person. The presentation does not constitute an in