Academedia Ab · OMXSTO:ACAD
Academedia Ab — FY2016/17 Earnings Presentation
15 slides from Academedia Ab's earnings presentation, Aug 30, 2017
Slide 1: Year End Report July 2016 - June 2017
Year End Report July 2016 - June 2017 2017-08-30 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 • Sound revenue growth in the school segments but margins affected by increased staff costs • AcadeMedia has reinforced its position as market leader in adult education • Expansion in Germany through the acquisition of Step Kids Education GmbH • Seven new establishments in the Upper
Slide 4: Largest independent education provider in Northern Europe
Largest independent education provider in Northern Europe Overview Geographical presence and selected brands (Q4) • 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 Q4 2016/17
Key highlights Q4 2016/17 Sound revenue growth in the three school segments Key figures for Q4 2016/17 • Student numbers increased in all segments. Revenue growth was 2016/17 2015/16 Change boosted by acquisitions as well as # of Students 67,207 64,342 4.5% continued high volumes in the Adult educat
Slide 6: Key highlights FY 2016/17
Key highlights FY 2016/17 Strong EBIT growth in adult education segment Key figures for FY 2016/17 • Student numbers increased in all segments. Revenue growth was 2016/17 2015/16 Change boosted by acquisitions and high volumes in the Adult segment # of Students 66,070 63,151 4.6% • Bolt-on acquisiti
Slide 7: Pre- and Compulsory Schools (Sweden)
Pre- and Compulsory Schools (Sweden) Growth could not fully compensate for increased staff costs Comments for Q4 2016/17 Key figures for Q4 2016/17 • Overall student numbers increased by 2.9% 2016/17 2015/16 Change • One preschool bolt-on acquisition in the quarter Net Sales 1025 951 7.8% • Revenue
Slide 8: Upper Secondary Schools (Sweden)
Upper Secondary Schools (Sweden) Increased capacity utilization. Preparing for expansion Comments for Q4 2016/17 Key figures for Q4 2016/17 • Overall student numbers increased by 1.8% • Revenues increased by 9,1 percent mainly because 2016/17 2015/16 Change • Revenues the number increased of student
Slide 9: Adult Education (Sweden)
Adult Education (Sweden) Financial result for the year at all-time high Comments for Q4 2016/17 Key figures for Q4 2016/17 • Participant Revenues increased volumesby 9,1 percent were mainly because high rendering revenues the 7.9%number higherofthan students last increased year by 6,0 percent 2016/1
Slide 10: Preschools (International)
Preschools (International) Acquisition of Stepke expands German operations substantially Comments for Q4 2016/2017 Key figures for Q4 2016/17 • Overall child numbers increased by 17.9% 2016/17 2015/16 Change • Revenue growth for the fourth quarter was 27.9%. Increase mainly relates to acquisitions a
Slide 11: 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 4,0 • Capital employed has increased during 3,3 3,1 2 500 3,0 2,5 2 000 the last 12 months by SEK 484 million 1 500 2,0 2 927 2 629 due to growth through
Slide 12: Seasonality varies between segments
Seasonality varies between segments Q3 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 • Fourth quarter of last year was exceptionally strong, especially adult. Adult seg
Slide 13: Financial performance according to plan
Financial performance according to plan FY 16/17 Financial targets (FY15/16) • Annual revenue growth rate of 5-7% including 10.6% Growth 5-7% organic growth and smaller bolt-on acquisitions but excluding larger strategic acquisitions (5.5%) 6.7% Profitability 7-8% • Adj. EBIT margin of 7-8% over tim
Slide 14: 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 15: Thank you – Any questions?
Thank you — Any questions? 15 AcademMedia