Mayfield Childcare Ltd. · ASX:MFD
Mayfield Childcare — Investor Presentation (April 2023)
23 slides from Mayfield Childcare's investor presentation, Apr 20, 2023
Slide 1: CY 2022 Full Year Results Investor Presentation
Mayfield Childcare Limited CY 2022 Full Year Results Investor Presentation 20 April 2023
Slide 2: Important notices and disclaimer
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation 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 cont
Slide 3: Contents
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Contents 01 Highlights 02 Financial Performance 03 Operational Performance 04 Strategy & Outlook 3
Slide 4: We nurture. It's our nature.
We nurture. It’s our nature. At Mayfield, our centres help every child reach their natural potential. A place to grow and discover. Grounded in each community. Where experienced educators, deliver quality education and care for every child. Where you are family, and each day is full of joyful possib
Slide 5: Highlights
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation 01 Highlights: CY 2022 Snapshot New Identity Acquisition Integration 5
Slide 6: CY 2022 Snapshot
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation CY 2022 Snapshot • Transformational year with 14 new centres integrated, over 400 staff onboarded and a step change increase in the Group’s scale of operations. • Challenging start to the year with Omicron outbreak which im
Slide 7: New Identity
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation New Identity • Since 2016, Mayfield has operated 23 brands across its portfolio of centres – a brand for each centre. This high-cost fragmented approach has resulted in additional overhead expenditure, operational inefficie
Slide 8: Acquisition Integration
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Acquisition Integration • Successfully integrated 14 new centres and 400 new staff, expanding footprint to Queensland and South Australia, and incorporating an additional 1,347 licensed places. • Expanded scale has allowed
Slide 9: Financial Performance
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation 02 Financial Performance: Summary Earnings Overview EBITDA Drivers Cashflow Balance Sheet Capital Management 9
Slide 10: Summary
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Summary CY 2022 CY 2021 Var • Occupancy declined 1.0% to 69.0% due to COVID-19 related impacts Underlying Underlying A$ 000’s early in the year, which were further exacerbated by subsequent Restated labour shortages which i
Slide 11: Earnings Overview
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Earnings Overview CY 2022 CY2021 A$ 000’s Group Group • 76% increase in childcare fees driven largely by the Underlying full year contribution of the 14 Genius centres Restated Var % acquired in 2021. Childcare fees 70,449
Slide 12: EBITDA Drivers
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation EBITDA Drivers • Newly integrated Genius centres delivered a 4.4M contribution to Group EBITDA. • Revenue uplift from existing centres of $0.8M resulted from an increase in fees and government support, which was partly offs
Slide 13: Cashflow
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Cashflow CY 2022 AASB 16 CY 2022 CY2021 • Uplift in operational cashflow largely driven by the A$ 000’s Underlying Statutory Leases Underlying contribution from the Genius portfolio which delivered its Restated first full y
Slide 14: Balance Sheet
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Balance Sheet 31-Dec-22 AASB 16 31-Dec-22 31-Dec-21 Var $ A$ 000’s Statutory Leases Underlying Underlying • Trade and other receivables include a $1.2M increase in Restated a loan to Genius Learning resulting from transitio
Slide 15: Capital Management
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Capital Management CY 2022 CY 2021 • The Group utilised cash generated from operations to repay A$ 000’s Underlying Underlying debt facilities, resulting in a $4.5M reduction in net debt to Restated $1.7M. Current Borrowing
Slide 16: Operational Performance
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation 03 Operational Performance: Occupancy & Wages Quality and Compliance Operational metrics 16
Slide 17: Occupancy & Wages
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Occupancy & Wages Monthly Occupancy1 Monthly Wage-to-Revenue Ratio1 2021 2021 2022 2022 80% 70% 65% 75% 60% 70% 55% 65% 50% 60% 45% VIC Lockdown 55% 40% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Ju
Slide 18: Quality and Compliance
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Quality and Compliance • Quality and compliance was a key focus area for the year, which included the appointment of a National Quality and Compliance Manager. • Several training initiatives were rolled out throughout the s
Slide 19: Operational Metrics
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Operational Metrics CY 2021 Key Metrics CY 2022 Restated • The enlarged Mayfield portfolio now consists of 35 centres, representing 3,109 licensed places and an Number of Centres 35 36 average centre size of 89 places. Numb
Slide 20: Strategy & Outlook
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation 04 Strategy & Outlook: Foundations for Growth CY2023 Outlook 20
Slide 21: Foundations for Growth
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Foundations for Growth • Our people and culture are at the heart of our success, and we are committed to investing in our employees to create a highly engaged and motivated team. 1. People and culture • We continue to devel
Slide 22: CY2023 Outlook
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation CY2023 Outlook • Despite COVID-19 largely in the rear view, staff shortages within the industry persist and will limit the Group’s ability to meet all demand. • Further performance uplift is expected of the Genius portfolio
Slide 23: Mayfield Childcare Limited
Mayfield Childcare Limited CY 2022 Full Year Results • Investor Presentation Mayfield Childcare Limited Suite 2, 207-213 Waverley Road Malvern East VIC 3145 www.mayfieldchildcare.com.au Ashok Naveinthiran Chief Executive Officer anavein@mayfieldchildcare.com.au +61 3 9576 3156 Glenn Raines Chief Fin
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