Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q1 2017/18 Earnings Presentation
14 slides from Academedia Ab's earnings presentation, Oct 26, 2017
Slide 1: Interim Report July - September 2017
Interim Report July - September 2017 2017-10-26 1
Slide 2: Today's presenters
Today’s presenters Marcus Strömberg Eola Änggård Runsten Chief Executive Officer Chief Financial Officer With AcadeMedia With AcadeMedia since 2005 since 2013 2
Slide 3: CEO introduction
CEO introduction • Strong net sales and profit growth in the first quarter • Student numbers up 4,5 percent • Seven new upper secondary schools gives record number of first year students • Acquisition of Vindora strengthens AcadeMedias vocational training • New Issue of SEK 400 million will strength
Slide 4: Largest independent education provider in Northern Europe
Largest independent education provider in Northern Europe Overview Geographical presence and selected brands (Q1) • Largest independent educational services provider in Northern Europe Country Total • Comprehensive educational offering • Unique quality assurance model – key for sustainable growth St
Slide 5: Key highlights Q1 2017/18
Key highlights Q1 2017/18 Sound revenue growth in the three school segments Comments for Q1 2017/18 Key figures for Q1 2017/18 • Student numbers increased in all segments. 2017/18 2016/17 Change # of Students 68,098 65,143 4.5% • Revenue growth boosted by acquisitions Net Sales 2,037 1,862 9.4% (mai
Slide 6: Pre- and Compulsory Schools (Sweden)
Pre- and Compulsory Schools (Sweden) Growth could not fully compensate for increased staff costs Comments for Q1 2017/18 Key figures for Q1 2017/18 • Overall student numbers increased by 2017/18 2016/17 Change 1.6% Net Sales 760 717 6.0% • One preschool and two smaller EBIT 3 8 -62.5% compulsory sch
Slide 7: Upper Secondary Schools (Sweden)
Upper Secondary Schools (Sweden) Increased capacity utilization. Seven new schools started Comments for Q1 2017/18 Key figures for Q1 2017/18 • Seven new schools started with some • Revenues increased by 9,1 percent mainly because 2017/18 2016/17 Change 370 students the number of students increased
Slide 8: Adult Education (Sweden)
Adult Education (Sweden) Financial result for the year at all-time high Comments for Q1 2017/18 Key figures for Q1 2017/18 •• Revenues Revenues increased by 9,1 percent increased mainlymainly by 10.2% because the number of students increased by 6,0 percent 2017/18 2016/17 Change attributed to higher
Slide 9: Preschools (International)
Preschools (International) Acquisition of Stepke expands German operations substantially Comments for Q1 2017/2018 Key figures for Q1 2017/18 • Child numbers increased by 15.4% 2017/18 2016/17 Change • Revenue growth for the quarter 19.6% Net Sales 372 311 19.6% • Growth mainly attributed to the EBI
Slide 10: Financial position
Financial position Improved net debt and leverage ratio below maximum target Net Debt and Net Debt / Adj. EBITDA 5,0 4,5 3 500 Target < 3.0 3 000 • Capital employed has increased during the 4,0 3,3 3,1 2 500 last 12 months by SEK 454 million due to 3,0 2,5 2,4 2 000 growth mainly acquisitions, presc
Slide 11: Seasonality varies between segments
Seasonality varies between segments Q1 shows normal seasonality in school segments Quarterly seasonality – Net sales and adj. EBIT 2014/15 - 2016/17 Comments • School segments SEKm continue to show normal seasonality • First quarter margin improvement primarily due to the upper secondary segment whe
Slide 12: Financial performance according to plan
Financial performance according to plan Q1/R12M Financial targets (FY 16/17) • Annual revenue growth rate of 5-7% including 9.4% Growth 5-7% organic growth and smaller bolt-on acquisitions but excluding larger strategic acquisitions (10.6%) 6.7% Profitability 7-8% • Adj. EBIT margin of 7-8% over tim
Slide 13: A unique combination of sustainability, growth and cash flow generation
A unique combination of sustainability, growth and cash flow generation Sustainable and Multi-layered and scalable Strong cash flow A. predictable business B. C. growth ahead generation model Favorable demographic Secular growth drivers in the Limited capex requirements trends with high predic
Slide 14: Thank you – Any questions?
Thank you — Any questions? 14 AcademMedia