Mayfield Childcare Ltd. · ASX:MFD
Mayfield Childcare — Investor Presentation (September 2023)
24 slides from Mayfield Childcare's investor presentation, Sep 1, 2023
Slide 1: Mayfield Childcare Limited 1H 2023 Half Year Results
Slide 2: Important notices and disclaimer
Mayfield ChdareLinted 1H 2023 Hal YoarResutInvestorPresetation mayfield Important notices and disclaimer This Presentation contains summary information about the current activities of Mayfield Childcare Limited (Mayfield). It should be read in conjunction with Mayfield’s other periodic and continuou
Slide 3: Note from CEO
Note from CEO “As one of three listed childcare operators in Australia, supported by strong tier 1 banking support and access to capital markets, we have our sights set on significant growth — through controlled, strategic acquisitions, we have aspirations for Mayfield Early Education to become a to
Slide 4: Contents
Contents 01 Highlights 02 Remediation Work 03 Financial Snapshot 04 Operational Update Appendix - Financials mayfield
Slide 5: The past, present and future
mayfield MayfeldChdcare inited1H 2023 Half YearResuts tion The past, present and future IPO Acquisition Remediation Mayfield IPO with 16 centres Transformative acquisition of 14 Management review uncovers prior from various family operators. new centres; Mayfield becomes a periods of misappropriatio
Slide 6: Highlights: Snapshot, New Acquisitions
01 Highlights: Snapshot New Acquisitions
Slide 7: 1H 2023 Snapshot
|ChideareLinitad1H 2023 Hal Year mayfield 1H 2023 Snapshot * Group Childcare Revenue increased 14.9% to $35.7M. * Core portfolio occupancy improved to 70.6%, benefiting from effective rebranding and remediation. Portfolio including centres planned for divestments, improved 1.2% to 63.9%, with spot o
Slide 8: New acquisitions
are Lined 1H 2023Halt Youre mayfield New acquisitions We were pleased to announce 3 centre acquisitions completed in the first half, all of which continued to perform strongly, with spot occupancy as at the week beginning 31 July 2023 of 82.9% anda post-acquisition trading multiple of 4.5x (acquired
Slide 9: Slide 9
Slide 10: Remediation work
02 Remediation work Centre remediation Portfolio review Compliance review
Slide 11: Jan Feb Mar
6.0% 5.0% • 4.0% 3.0% 2.0% • 1.0% 0.0% Jan Feb Mar Apr May Jun • 1.60% 1.40% • 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Jan Feb Mar Apr May Jun
Slide 12: Jan Feb Mar
85.0% 85.0% 75.0% 75.0% 65.0% 65.0% 55.0% 55.0% 45.0% 45.0% 35.0% 35.0% 25.0% 25.0% Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun • • • •
Slide 13: Compliance Review
Compliance Review 2. Training 3. Procedures 4. Quality & Curriculum mayfield " Holistic Policy Review: Management completed a thorough review of all existing policies, ensuring alignment with regulatory requirements across various jurisdictions. Key policies on child safety and well-being have been
Slide 14: MayfeldChldcareLimited1H 2023HelfYearResuts-InestorPretentation mayfield
MayfeldChldcareLimited1H 2023HelfYearResuts-InestorPretentation mayfield
Slide 15: Adjusted EBITDA reflects the reversal of the impact of AASB 16 Leases
• • • • • • 1. Adjusted EBITDA reflects the reversal of the impact of AASB 16 Leases. 2. Underlying Centre EBITDA reflects the reversal of the impacts of AASB 16 Leases and additionally the impact of abnormal items during the period. 3. Adjusted EBITDA and Underlying Centre EBITDA are non-statutory
Slide 16: Underlying Centre EBITDA Drivers
MayfoldChidcareLimited1H 2023HelFYearResuts- ae mayfield Underlying Centre EBITDA Drivers + Childcare revenue uplift of $0.9M after excluding revenue eae from divestment centres, driven by occupancy growth, increased family engagement and the contribution from $028k | new centre acquisitions. — + Im
Slide 17: MayfeldChldcareLimited1H 2023HelfYearResuts-Ivestor Presentation mayfield
MayfeldChldcareLimited1H 2023HelfYearResuts-Ivestor Presentation mayfield
Slide 18: Jan Feb Mar
80.0% 69.0% 70.0% 67.0% 60.0% 65.0% 50.0% 63.0% 40.0% 61.0% 30.0% 59.0% 20.0% 57.0% 10.0% 55.0% 0.0% Jan Feb Mar Apr May Jun Jan Feb Mar Apr May Jun ▪ ▪ ▪ ▪ ▪ ▪
Slide 19: CY2023 Outlook
CY2023 Outlook Ryan Road,Pakenham
Slide 20: Appendix - Financials
MayfeldChldcareLimited1H 2023HelfYearResuts-InestorPretentation mayfield
Slide 21: 1H23 Underlying vs 1H22
1H23 1H22 A$ 000’s Underlying Underlying ▪ Childcare Revenue 35,654 31,040 Centres approved for divestment (3,686) - Childcare Revenue excluding planned divestments 31,968 31,040 Labour costs 18,765 18,638 ▪ Agency costs 1,043 354 Operating expenses 1,684 1,552 Facilities costs 5,240 5,559 ▪ Centres
Slide 22: 1H23 Statutory vs 1H22 cash flows
1H23 1H22 A$ 000’s Statutory Statutory Cash flows from operating activities Customer receipts 34,920 32,088 Operating expenses (30,846) (21,801) Other receipts 1,097 356 Interest paid on lease liabilities (1,637) (1,527) Interest paid on borrowings (721) (196) Income tax (1,333) (1,117) Net cash inf
Slide 23: Statutory balance sheet 30-Jun-23
30-Jun-23 31-Dec-22 A$ 000’s Statutory Statutory Cash and cash equivalents 347 2,657 Trade and other receivables 4,796 3,981 Current tax receivable 965 0 Prepayments 444 597 Total current assets 6,552 7,235 Plant and equipment 4,537 3,857 Intangibles 78,561 74,111 Right-of-use assets 136,593 131,410
Slide 24: Mayfield Childcare Limited contact details
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