Slide 1: Q2 Report Presentation
Q2 REPORT PRESENTATION Martin Tivéus CEO / Mikael Malmgren CFO 19 July 2024
Slide 2: Acquisitions and operational improvements in Scandinavia drive profit increase
Net sales and EBITA (SEKm) Q2 2024 highlights: Acquisitions and operational improvements in Q2 2023 Q2 2024* +12% Scandinavia drive profit increase +40 4,841 187 4,333 147 • Sales SEK 4.8 bn - growth of 12%, mainly M&A driven • Lease adjusted EBITA excluding non-recurring items SEK 187m* (147) Net s
Slide 3: Strong development in employee engagement and customer satisfaction
Sustainability Strong development in employee engagement and customer satisfaction • Record high employee engagement - clearly higher than industry benchmark − Focus on leadership and local engagement • High score in customer satisfaction − Clear connection to employee engagement Employee satisfacti
Slide 4: Improvement in Scandinavia - Finland stable
Occupancy development Improvement in Scandinavia - Finland stable Occupancy in all homes1,% Total Attendo Scandinavia Attendo Finland 100 95 90 86 86 86 86 86 86 85 85 85 83 84 84 83 83 83 84 82 82 82 81 81 81 80 80 50 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2019 2020 2021
Slide 5: Margin recovery continues as Scandinavia is improving
1,2 Margin and net sales development Group reported Attendo Scandinavia 2 Margin recovery continues as Scandinavia is improving Attendo Finland R12 Net sales, SEK Billion R12 lease adjusted EBITA margin development % 20 7 18.1 18 17.6 17.3 6 5.7% 16.7 5.6% 15.8 16 15.1 5 14.5 14.0 4.5% 4.6% 14 13.6
Slide 6: Growth driven by acquisitions
Sales development Growth driven by acquisitions Net sales; SEK million 12% 4,841 13 370 4,333 146 -21 Q2 2023 AS - organic AF - organic Acquisitions Currency Q2 2024 AS = Attendo Scandinavia; AF = Attendo Finland 6
Slide 7: Increase in Scandinavia drive profit development
EBITA development Increase in Scandinavia drive profit development EBITA, SEK million +40 1 323 -1 1 299 39 -24 283 136 136 136 +40 187 147 163 IFRS16 effect Lease adjusted Q2 2023 AS* - AF - lease Other IFRS16 Currency Q2 2024* Non- Q2 2024 lease adjusted effect recurring adjusted items AS * Q2 202
Slide 8: Maintained profit in spite of negative cost/price effect
Attendo Finland Q2 2024 Maintained profit in spite of negative cost/price effect Organic growth 6 percent Net sales per service offering, Q2 2024 • Stable occupancy versus last year, lower versus expectations Other • Higher prices y/y Individual and family care and social psychiatry 7% • Positive ne
Slide 9: Improved profit from acquisitions and own nursing homes
Attendo Scandinavia Q2 2024 Improved profit from acquisitions and own nursing homes Net sales per service offering, Q2 2024 Strong sales growth Individual and family care • Acquisitions main contributor and social psychiatry Other • Higher occupancy y/y, + 1 percentage point 11% 0% 19% Underlying pr
Slide 10: Improved cash flow due to improved profit and positive working capital
Improved cash flow due to improved profit and positive working capital SEKm Q2 2024 Q2 2023 R12 Operating profit (EBITA) 299 283 1,400 Paid tax, non cash items and depreciation 451 424 1,739 Cash flow before changes in working capital 750 707 3,139 Change in working capital 95 -1 104 Cash flow after
Slide 11: Improved EPS. Net debt / EBITDA ratio well in line with target
Key financial metrics Improved EPS. Net debt / EBITDA ratio well in line with target in spite of acquisitions EPS bridge; Q2 2024 vs Q2 2023; SEK Lease adjusted EBITA margin*, % (R12) Adjusted EPS Q2 2023 0.60 5 4.5% 4.6% 4.3% Changes in lease adjusted EBITA 0.19 3.7% 4 Changes in financial items -0
Slide 12: Recap of new financial target from May 2024
Recap of new financial target from May 2024 Adjusted EPS > 5.50 SEK 2026 (based on organic and inorganic growth, and other capital allocation measures) Financial leverage 1.5-2.5x (adj. net debt / adj. EBITDA) (Leverage can temporarily exceed 2.5x e.g., in relation to an acquisition) Earnings distri
Slide 13: Summary of Q2
Summary of Q2 • Continued year over year profit growth • Operational improvements in Attendo Scandinavia and solid contribution from Team Olivia-acquisition • Maintained profit y/y in Attendo Finland, in spite of negative cost/price effect in the quarter • Strong development in employee engagement a
Slide 14: our Me ut
our Me ut INTO IT