Attendo Ab · OMXSTO:ATT
Attendo Ab — Q1 2018 Earnings Presentation
10 slides from Attendo Ab's earnings presentation, May 4, 2018
Slide 1: First quarter 2018 – Presentation
First quarter 2018 – Presentation 4 May, 2018 Pertti Karjalainen, CEO Fredrik Lagercrantz, CFO
Slide 2: Financial summary of Q1: Strong growth, driven by M&A and new own units
Financial summary of Q1: Strong growth, driven by M&A and new own units • Net sales of SEK 3,200m (2,661), growth increased by 18% adjusted for currency effects • Operating profit (EBITA) of SEK 240m (279). Underlying EBITA, adjusted for write down of real estate related to integration care, amounte
Slide 3: Business highlights: High growth in own operations
Business highlights: High growth in own operations Highlights by contract model Net sales by contract model Own operations SEKm Q1 2018 Q1 2017 Chg (%) • High growth in net sales, +30% due to acquisitions and new Own operations 2,143 1,648 30 nursing homes • High number of new own homes opened, 19 u
Slide 4: Own operations: ~50% increase of beds in own operation (Y/Y)
Own operations: ~50% increase of beds in own operation (Y/Y) No. of beds in own operation1) New openings 13 812 13 262 10 378 9 012 9 280 9 249 9 550 8 612 8 807 8 932 7 509 7 745 7 751 Attendo Loviisanhovi, Loviisa, Finland Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2015 2016 2017 2018 No. of beds in o
Slide 5: Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward
Market highlights: Solid underlying demand for new nursing homes, SOTE reform moves forward Sweden Finland • Solid demand for own operations solutions • Solid demand for own operations solutions • Market for outsourcing contract higher vs • Staffing stable last year and sequentially • SOTE reform mo
Slide 6: P&L: High sales growth from M&A and new units
P&L: High sales growth from M&A and new units SEKm Q1 2018 Q1 2017 Change (%) Net sales 3,200 2,661 20 Organic 2.0 2.9 - Acquired 15.6 3.5 - Currency 2.7 1.2 - Operating profit (EBITA) 240 279 -14 Operating margin (EBITA), % 7.5 10.5 - EBIT 201 248 -19 Financial net -34 -17 - Income tax -38 -50 - Pr
Slide 7: EBITA change: High number of start-up units impacts profits
EBITA change: High number of start-up units impacts profits Q1 2018 vs. Q1 2017: + Acquisitions + Improved planning and processes + Improved occupancy in units that were under Net -39m start-up during Q1 2017 - Own units under start-up/openings - Real estate write down - Calendar effect - Integratio
Slide 8: Cash flow: Positive cash flow impact from assets and liabilities held for sale
Cash flow: Positive cash flow impact from “assets and liabilities held for sale” SEKm Q1 2018 Q1 2017 Operating profit (EBITA) 240 279 Change in working capital, paid tax and non cash items -89 -64 Cash flow after changes in working capital 151 215 Net investments in tangible and intangible assets -
Slide 9: Quality & employees: New combined Quality and Sustainability report launched
Quality & employees: New combined Quality and Sustainability report launched Examples from first quarter 2018 • The first combined Quality and Sustainability Report for 2017 was published during the quarter. • Attendo achieved a quality index in 2017 of 85% Implementation Client • High employee sati
Slide 10: Attendo
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