Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q4 2021/22 Earnings Presentation
19 slides from Academedia Ab's earnings presentation, Aug 30, 2022
Slide 1: Interim report presentation Q4
Interim report presentation Q4 August 30, 2022 July 2021 – June 2022 Marcus Strömberg, CEO Katarina Wilson, CFO 1
Slide 2: CEO introduction
CEO introduction • 2021/22 - one of AcadeMedia’s strongest years ever. The number of children and students increased by 5.4 percent, sales grew by 7.5 percent, adjusted operating profit increased to SEK 1,001 million and the margin remained at 7.0 percent. • Strong growth in the Preschool Segment, 1
Slide 3: Highlights Q4
Highlights Q4 Operating profit in line with last year affected by lower volumes in the Adult Education Segment and higher costs in Norway Key figures Q4 2021/22, excluding effects of IFRS 16 • Student numbers grew by 3.6 percent. • Net sales increased by 4.9 percent. Organic growth including (MSEK)
Slide 4: Highlights Q4: EBIT bridge by segment
Highlights Q4 Operating profit in line with last year affected by lower volumes in the Adult Education Segment and higher costs in Norway Adj EBIT 20/21 281 Preschool: Higher costs in Norway, lower capacity utilization in Germany somewhat offset by lower personnel expenses in Sweden. Preschool -11 C
Slide 5: Q4 Segment reporting
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Slide 6: We operate throughout the education chain
4 business segments and presence in 4 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* 5 156 3 417 3 681 1 366 Net sales split* 29% 25% 34% 13% *) 2021/22 6
Slide 7: Preschool Segment
Preschool Segment Higher costs in Norway partly offset by lower personnel expenses in Sweden • Two preschools were acquired in the Netherlands and one unit Quarter results (MSEK) 2021/22 2020/21 Change in Germany opened in the quarter, giving a total of 292 units. Net sales 1,184 1,068 10.9% • The n
Slide 8: Compulsory School Segment
Compulsory School Segment Increased number of students and lower personnel expenses partly due to more employee vacation days • The segment includes 116 units in Sweden under six Quarter results (MSEK) 2021/22 2020/21 Change profiles of which 38 are integrated preschools. Net sales 954 888 7.4% • Nu
Slide 9: Upper Secondary School Segment
Upper Secondary School Segment Increased number of students and lower personnel expenses partly due to more employee vacation days • The segment includes 151 upper secondary schools in Quarter results (MSEK) 2021/22 2020/21 Change Sweden with both academic and vocational programmes under 16 brands.
Slide 10: Adult Education Segment
Adult Education Segment Volumes in the municipal education business returning to more normal levels, vocational business continued to grow • Net sales decreased by 12.8 percent attributable to the Quarter results (MSEK) 2021/22 2020/21 Change Labour Market Services and the Municipal Adult Education
Slide 11: Q4 Financial position
Q4 Financial position fAcademedia
Slide 12: Free cash flow and investments
Free cash flow and investments Strong free cash flow SEK 922 million can fund investments in current operations and growth FCF as % of adj. EBITDA Capex and Maintenance capex as % of net sales MSEK MSEK 1 200 100% 1 200 4,0% 86% 2,8% 90% 1 000 77% 75% 75% 1 000 2,2% 2,2% 3,0% 80% 121 2,1% 1,7% 1,8%
Slide 13: Continued strong financial position
Financial position Continued strong financial position 2021/22 2020/21 • Net debt excluding IFRS 16 is significantly lower than the SEK m 30 June 30 June Change same period last year. Cash position improved. Total equity (excl IFRS 16) 6,058 5,517 9.8% • Leverage ratio is lower than the same period
Slide 14: Summary full year 2021/22
Summary full year 2021/22 2021/22 - one of AcadeMedia’s strongest years ever • Student growth 5.4 percent – 20 new units were Key figures full year 2021/22, excluding effects of IFRS 16 added including 16 new openings in Germany. (MSEK) 2021/22 2020/21 Change • Sales grew by 7.5 percent, despite a d
Slide 15: Highlights full year 2021/22
Highlights full year 2021/22 Adjusted EBIT increased to 1 billion despite lower volumes in the Adult Education Segment and higher costs in Norway Adj EBIT 20/21 939 Preschool: Higher costs and lower pension compensation in Norway was mitigated by return to normal operations in Germany and lower pers
Slide 16: Financial performance vs targets
Financial performance vs targets Dividend of SEK 1.75 (1.75) per share proposed, corresponding to 31 percent (31) of net profit excluding IFRS 16 2021/22 Financial targets are unchanged (20/21) • Annual revenue growth rate of 5-7% including organic growth 5.2% Growth 5-7% and smaller bolt-on acquisi
Slide 17: AcadeMedia
AcademMedia
Slide 18: Forward-looking statements
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 histori
Slide 19: change through education
Academedia change through education