Slide 1: Q2 April – June 2016
Q2 April – June 2016 19 August 2016
Slide 2: Underlying market and current trends
Underlying market and current trends Business area Market outlook per segment • Underlying market growth and demand continuously strong in I&F segments Individual & • Number of asylum seekers (including unaccompanied minors) down significantly in Family Sweden and the Nordics Personal • Maintained a
Slide 3: Q2 and six-month period financial highlights
Q2 and six-month period financial highlights Key highlights Q2 • Operating revenue grew 11% to SEK 1,534m (1,379) • Organic growth in the quarter 1.5% (4.4), in constant currency 2.0% (4.3) Revenue Six-month period • Operating revenue grew 10% to SEK 3,005m (2,730) • Organic growth in the period 2.3
Slide 4: Q2 business highlights
Q2 business highlights • Strong revenue growth due to both acquisitions and organic growth – Mainly driven by Individual & Family growing with 23% and Other Nordics reporting a growth of 65% • Humana enters into Finland and strengthens position in Norway through two acquisitions, Arjessa in Finland
Slide 5: Humana enters Finland and strengthens position in Norway
Humana enters Finland and strengthens position in Norway • Enters into Finland through the acquisition of Arjessa, a leading provider of full responsibility psychosocial care ! In line with Humana’s strategy to widen and expand its market leading position within the care market throughout the Nordic
Slide 6: Continued focus on operations and competence development
Continued focus on operations and competence development • Launch of the Humana Academy The Humana Academy will lead the Groups efforts within education/training as well as R&D Ambition: to strengthen industry competence development – qualified education both internally and externally – to be an act
Slide 7: Humana Q2 - Operating revenue
Humana Q2 - Operating revenue Operating revenue Comments • Operating revenue increased by SEK million 11% to SEK 1,534m, an increase of SEK 155m, driven by Individual & Family and Other 1,534 Nordics +11% – organic growth of 1.5% – organic growth at constant 1,379 currency of 2.0% • Acquisitions con
Slide 8: Humana six-month period - Operating revenue
Humana six-month period - Operating revenue Operating revenue Comments • Operating revenue increased by SEK million 10% to SEK 3,005m, an increase of SEK 275m, driven by Individual & Family and Other 3,005 Nordics +10% – organic growth of 2.3% – organic growth at constant 2,730 currency of 2.9% • Ac
Slide 9: Humana Q2 - Operating profit
Humana Q2 - Operating profit Operating profit (EBIT) Comments SEK million % • Operating profit increased to 60 56 3.7% 4 SEK 56m (24 incl. SEK 32m from divesture of Villa Skaar). Acquisitions contributed with 40 SEK 17m. 24 2 EBIT 1.7% • Operating profit margin of 3.7% 20 EBIT-margin (1.7) Impact fr
Slide 10: Humana six-month period - Operating profit
Humana six-month period - Operating profit Operating profit (EBIT) Comments SEK million % • Operating profit increased to 120 4.0% 4 SEK 98m (108 incl. Villa Skaar) 108 3.3% Acquisitions contributed with SEK 27m 98 EBIT • Operating profit margin of 3.3% 100 2 EBIT-margin (4.0) Impact from: – cost of
Slide 11: Individual & Family Q2
Individual & Family Q2 Operating revenue Comments SEK million • Operating revenue increased by 600 23% driven by 24% more clients 511 +23% 500 415 – organic growth of 6.2% 400 300 200 100 0 • Operating profit was in line with Q2 2015 Q2 2016 last year at SEK 43m (43) Operating profit • Margin decrea
Slide 12: Personal Assistance Q2
Personal Assistance Q2 Operating revenue Comments SEK million • Operating revenue decreased by 800 671 2% explained by: 656 600 -2% – fewer clients compared with last year 400 – tougher market conditions 200 • Operating profit increased to SEK 35m (33), operating margin 0 improved to 5.4% (4.9) Q2 2
Slide 13: Elderly Care Q2
Elderly Care Q2 Operating revenue Comments SEK million • Operating revenue increased by 2% in Q2 2016 183 +2% 186 – positive effect from opening for elderly care home in Gävle – negatively impacted by transfer of three home care units impacting SEK 16m to revenues Q2 2015 Q2 2016 Operating profit •
Slide 14: Other Nordics Q2
Other Nordics Q2 Operating revenue Comments SEK million • Operating revenue increased 182 65% to SEK 182m (110), +65% primarily driven by acquisition of 110 KOA and Arjessa in Finland • Organic growth at constant currency of 12.8% Q2 2015 Q2 2016 Operating profit • Operating profit SEK 18m (-28 SEK
Slide 15: Central costs/other
Central costs/other Breakdown of central costs/other Comments SEK million • Central costs/other increased from SEK 16m in Q2 2015 to Costs Q2 2015 Q2 2016 SEK 34m in Q2 2016. Total other costs 16 34 – SEK 2m in costs in conjunction with IPO IPO (P&L impact) - 2 – underlying central overhead Central
Slide 16: Financial targets
Financial targets Revenue growth • Annual growth rate in the medium term of 8-10 percent, achieved through organic growth as well as bolt-on acquisitions Profitability • EBIT margin in the medium term of approximately 6 percent Capital structure • The net debt in relation to EBITDA is not to exceed
Slide 17: Q&A
Q&A
Slide 18: Appendix
Appendix
Slide 19: Consolidated income statement
Consolidated income statement Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun Jan-Dec SEK M 2016 2015 2016 2015 2015/16 2015 Net revenue 1 534 1 379 3 005 2 730 5 868 5 593 Other revenue 0 0 0 0 62 62 Operating revenue 1 534 1 379 3 005 2 730 5 930 5 655 Other external costs -233 -189 -445 -372 -867 -794 Pe
Slide 20: Key ratios
Key ratios Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun Jan-Dec 2016 2015 2016 2015 2015/16 2015 Operating revenue 1 534 1 379 3 005 2 730 5 930 5 655 EBIT, % 3,7% 1,7% 3,2% 4,0% 5,1% 5,5% Interest-bearing net debt, SEK M 1 314 1 434 1 314 1 434 1 314 1 174 Return on capital employed, % 1,8% 0,9% 3,2% 4,
Slide 21: Consolidated balance sheet
Consolidated balance sheet Jun 30 Jun 30 Dec 31 SEK M 2016 2015 2015 Assets Non-current assets Goodwill 3 038 2 543 2 584 Other intangible assets 15 11 9 Property, plant and equipment 329 304 200 Financial assets 10 3 4 Total non-current assets 3 393 2 862 2 797 Current assets Trade receivables 530
Slide 22: Consolidated cash flow statement
Consolidated cash flow statement Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun Jan-Dec SEK M 2016 2015 2016 2015 2015/16 2015 Profit before tax 50 -1 30 54 125 149 Adjustment for: Depreciation and impairment 11 12 21 23 80 82 Financial items, net 6 25 68 54 177 163 Other non-cash items 0 0 0 3 -30 -27 Cas
Slide 23: Segment financials
Segment financials Operating revenue by business area Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun Jan-Dec SEK M 2016 2015 % 2016 2015 % 2015/16 2015 % Individual & Family 511 415 23% 1 019 821 24% 1 948 1 750 11% Personal Assistance 656 671 -2% 1 323 1 328 0% 2 684 2 689 0% Elderly Care 186 183 2% 369 3