Attendo Ab · OMXSTO:ATT
Attendo Ab — Q1 2025 Earnings Presentation
15 slides from Attendo Ab's earnings presentation, May 7, 2025
Slide 1: Q1 Report Presentation
Q1 REPORT PRESENTATION Martin Tivéus CEO / Mikael Malmgren CFO 7 May 2025
Slide 2: Better care to more people
Better care to more people ➢ We provide customer centric care solutions ➢ solving complex individual care needs ➢ with higher customer satisfaction than public sector and industry average 58% CoP DC OC ➢ at a lower cost to society than public care operations 41% COP DC OC ~770 ~33,000 ~30,000 ~21,00
Slide 3: Strong start of the year
Net sales and EBITA (SEKm) Q1 2025 highlights Q1 2024* Q1 2025 Strong start of the year +8% +71 4,742 234 4,386 • Sales SEK 4.7 bn - growth of 8%, mainly M&A driven, partly offset by 163 leap day 2024 • Lease adjusted EBITA increased by SEK 71m* to SEK 234m (163) Net sales Lease adjusted EBITA • Fin
Slide 4: Improving quality of life for residents
Sustainability Improving quality of life for residents • Attendo uses evidence-based methods to measure outcomes in Quality of Life − Finland: RAI – Residence Assessment Instrument − Sweden: ASCOT – Adult Social Care Outcomes Toolkit • Both measures shows improvements in outcomes compared to Q1 2024
Slide 5: Scandinavia small increase despite new capacity in the quarter
Occupancy development Scandinavia small increase despite new capacity in the quarter Finland improvement main drivers ended units and inflow Occupancy in all homes1, % Total Attendo Scandinavia Attendo Finland 100 95 90 86 86 86 86 86 86 86 86 85 85 85 85 83 83 84 84 84 83 82 82 81 81 81 80 80 75 0
Slide 6: Continued margin improvement led by strong development in Finland
Margin and net sales development Continued margin improvement led by strong development in Finland Net sales R12, SEK Billion 1,2 Attendo lease adjusted EBITA %, R12M Net sales Scandinavia Net sales Finland Lease Adj EBITA R12, % 20 19.0 19.3 7.0 18.1 18.5 17.6 6.5 17.3 16.7 5.7 6.0 15.8 5.4 15.1 5.
Slide 7: Growth driven by acquisitions
Sales development Growth driven by acquisitions Net sales; SEK million 8% 4,742 -12 298 4,386 81 -11 Q1 2024 AS - organic AF - organic Acquisitions Currency Q1 2025 AS = Attendo Scandinavia; AF = Attendo Finland 7
Slide 8: AF and acquisitions main drivers for improved profit
EBITA development AF and acquisitions main drivers for improved profit EBITA; SEK million +89 381 16 -1 -4 52 292 26 147 131 +73 234 161 IFRS16 effect Lease adjusted Q1 2024 AS - lease AF - lease Other IFRS16 Currency Q1 2025 adjusted adjusted effect 8
Slide 9: Fast adaptation to new staffing requirements
Attendo Finland Q1 2025 Fast adaptation to new staffing requirements Underlying organic growth MSEK % • Underlying organic growth of 4 percent (excluding exited rehab 300 8 7 operations and leap day) 250 6 • Stable overall prices y/y 200 189 5 4 • More sold beds 150 138 3 100 2 73 1 Improved result
Slide 10: Improved results due to acquisitions and own nursing homes
Attendo Scandinavia Q1 2025 Improved results due to acquisitions and own nursing homes High net sales growth MSEK % • Team Olivia acquisition main contributor 180 7 160 6 • More sold beds in own nursing homes 140 5 • Negative effect of ended outsourcing contracts and leap day 2024 120 4 100 80 68 3
Slide 11: Stable free cash flow
Stable free cash flow SEKm Q1 2025 Q1 2024 R12 Operating profit (EBITA) 381 292 1,609 Paid tax, non cash items and depreciation 394 431 1,812 Cash flow before changes in working capital 775 723 3,421 Change in working capital -104 -107 -81 Cash flow after changes in working capital 671 616 3,340 Net
Slide 12: Utilization of free cash flow
Utilization of free cash flow Q1 2025 R12, MSEK 752 -159 -479 -1,183 42 -1,027 Free cash flow Dividends Repurchase of Acquisitions Fx, other Effect on net debt own shares etc. 12
Slide 13: Key financial metrics on right track and improving
Key financial metrics on right track and improving EPS bridge; Q1 2025 vs Q1 2024; SEK Lease adjusted EBITA margin* R12, % Adjusted EPS Q1 2024 0.58 6.0 5.7% Changes in lease adjusted EBITA 0.45 5.4% 5.5 4.9% Changes in financial items 0.12 5.0 4.6% 4.5% 4.5 Changes in income tax -0.09 4.0 Changes i
Slide 14: Summary of Q1 2025
Summary of Q1 2025 • Strong start of the year • Finland – Fast adaptation to new staffing requirements and operational improvements – Opened one new nursing home – Two bolt-on acquisitions ~200 beds – Closed low performing units ~200 beds • Scandinavia – EBITA growth due to acquisitions and better r
Slide 15: our Me ut
our Me ut INTO IT