Academedia Ab · OMXSTO:ACAD
Academedia Ab — Q3 2024 Earnings Presentation
18 slides from Academedia Ab's earnings presentation, May 7, 2024
Slide 1: Interim report presentation Q3 July 2023 – March 2024
Interim report presentation Q3 May 3, 2024 July 2023 – March 2024 Marcus Strömberg, CEO Katarina Wilson, deputy CEO and COO Petter Sylvan, CFO 1
Slide 2: CEO introduction
CEO introduction • Strong demand and international expansion increased net sales by 10.0 percent. Organic growth was 6.8 percent. • Acquisition of the preschool operator Touhula in Finland with 7,800 children and 113 preschools. • Strong demand for vocational education with more students applying to
Slide 3: Highlights Q3: Strong volume and revenue growth
Highlights Q3 Strong volume and revenue growth. Improved profitability in all segments except upper secondary • Student numbers grew by 5.4 percent. Key figures Q3 2023/24, excluding effects of IFRS 16 • Net sales increased by 10.0 percent and organic growth was (MSEK) 2023/24 2022/23 Change 6.8 per
Slide 4: Highlights Q3: Improved profitability in all segments except upper secondary
Highlights Q3 Strong volume and revenue growth. Improved profitability in all segments except upper secondary Adj EBIT 22/23 277 Preschool & International: Improved adjusted EBIT and margin. Retroactive Preschool & Int. 32 revenue in Germany to compensate for inflation and lower energy costs had a p
Slide 5: Continued growth with stable adjusted EBIT
12 month rolling figures Q3 2023/24 Continued growth with stable adjusted EBIT Key figures Q3 R12 2023/24, excluding effects of IFRS 16 • 12 month rolling net sales continue to grow and Apr 2023 – amounts to SEK 16.7 billion. (MSEK) Mar 2024 2022/23 Change* Net sales 16,675 15,539 7.3% • Rolling 12-
Slide 6: Segment reporting
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Slide 7: We operate throughout the education chain
4 business segments and presence in 5 countries We operate throughout the education chain Upper Preschool Compulsory Adult Secondary & Int School Education School Age group 0-6 yrs 6-16 yrs 16-18 yrs 18+ yrs Geography # FTE* 5 797 3 498 3 831 1 139 Net sales split* 32% 24% 33% 10% *) 2022/23 7
Slide 8: Preschool and International Segment
Preschool and International Segment Strong growth and increased EBIT margin driven by international expansion • The number of children increased by 13.2 percent driven by Quarter results (MSEK) 2023/24 2022/23 Change international expansion. Net sales 1,605 1,386 15.8% • Net sales were SEK 1,605 mil
Slide 9: Compulsory School Segment
Compulsory School Segment Adjusted EBIT margin increased and capacity utilization improved Quarter results (MSEK) 2023/24 2022/23 Change • The segment includes 118 compulsory schools and integrated preschools in Sweden under six profiles. Net sales 1,092 1,008 8.3% EBIT 78 63 23.8% • Number of child
Slide 10: Upper Secondary School Segment
Upper Secondary School Segment Profitability in line with last year, despite inflation • The segment includes 149 upper secondary schools in Sweden Quarter results (MSEK) 2023/24 2022/23 Change under 16 brands. One new unit opened at the beginning of the Net sales 1,473 1,385 6.4% new school year. E
Slide 11: Adult Education Segment
Adult Education Segment Increased profit and margin due to continued growth in Vocational Education and transition of the Municipal business • Net sales increased by 6.7 percent to SEK 443 million (415), Quarter results (MSEK) 2023/24 2022/23 Change due to increased number of students in Higher Voca
Slide 12: Financial position
Q 3 Financial position fAcademedia
Slide 13: Free cash flow and investments
Free cash flow and investments Strong free cash flow can fund investments in current operations and growth FCF as % of adj. EBITDA Capex and Maintenance capex as % of net sales SEK m SEK m 1 200 4,0% 1 200 100% 2,8% 86% 90% 1 000 3,0% 1 000 77% 75% 75% 2,2% 2,2% 2,1% 80% 1,7% 1,8% 121 1,8% 1,8% 24 6
Slide 14: Financial position remains strong
Financial position Financial position remains strong 2023/24 2022/23 SEK m 31 Mar 31 Mar Change Total equity 6,507 6,276 3.7% • Net debt excluding IFRS 16 was higher than last year. Net debt (excl IFRS 16) 1,484 1,191 24.6% • Net debt including IFRS 16 lease liabilities was higher than Net debt (inc
Slide 15: Financial performance vs targets
Financial performance vs targets Growth above and Profitability just below the financial targets Q3 R12M Financial targets are unchanged (FY 22/23) • Annual revenue growth rate of 5-7% including organic growth 7.4%1 Growth 5-7% and smaller bolt-on acquisitions but excluding larger strategic acquisit
Slide 16: Academedia
Academedia
Slide 17: Forward-looking statements disclaimer
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 18: Academedia – change through education
Academedia change through education