YA Holding AB (publ) Investor presentation Q1 2018 Jan Larsson CEO Mikael Vesterlund CFO May 28, 2018
Market situation 2
Lower unemployment levels, despite increase in the number of jobs in the economy Unemployment Sweden 2014-2017 Continued need for training for immigrants January 2014-February 2018 • Employment up. In April, 5 043 000 people were employed, up 78’ since April 2017 and In programmes more tha 300’ since 2014 Open unemployed -11% 450.000 • Unemployment unchanged. In March , 359’ 411.872 (7.2%) were unemployed . 171’ were inlabour 400.000 359.281 market programmes 350.000 • Improving situation for newcommers . 300.000 171.230 Unemployment among born in another country 250.000 decreases – from 22,1 to 20,5 % (204.000). 200.000 167.000 were born outside Europe 150.000 • Full employment for Swedes . Unemployment 222.077 100.000 188.051 among Sweden borns down from 4.0 to 3.7% 50.000 • Lower unemployment among young. For 18- 0 24 years of age, unemployment is down from jan- jan- jan- jan- jan- 14 15 16 17 18 54’ to 47’ (8.7%) Source: The Swedish Public Employment Service, Arbetsförmedlingen • Long term unemployment increases . 153’ 3 unemployed > a year (149’) * Source SCB, rest AF
Skills shortage on labour market continues with record level of unrecruited positions Number of available job positions, end of month Demand of labour high +8% 147.719 150.000 Unrecruited positions Seasonally adjusted 136.938 128.017 Original values increase: • From March 2017, the number of unmanned 100.000 93.046 positions on the labour market has increased by +124% 65.072 8% • Since 2014, it has more 50.000 than doubled. 0 jan feb mar apr maj jun jul aug sep okt nov dec jan feb mar apr maj jun jul aug sep okt nov dec jan feb mar apr maj jun jul aug sep okt nov dec jan feb mar apr maj jun jul aug sep okt nov dec jan feb mar apr 2014 2015 2016 2017 2018 4 4
YA’s number of participants up 71% over the year, despite decrease in total participants in labour courses 5
Financial information A quarter with improved turnover and result 6
Profit & loss Q1 2018 Improved turnover and results Revenues were SEK 149.1 million (90.6) in the quarter. The average number of students in AUB has been 2858(1433) for the period. EBITDA amounted to SEK 17.8 million (6.1) EBITDA margin 11,9% (6,7%) and EBIT-margin 8,3% (1,3%) 7
Balance sheet and cash flow Cashflow Q1 Cash balance amounted to SEK 4.4 million (4.8) at the end of the quarter. Q1 Cash flow amounted to SEK 3.4 EBITDA 17,8 million (-17.6). Cash flow from operating activities Change in working capital -6,4 amounted to SEK 3.4 million (- Cash flow before interest and taxes 11,4 24.0). Interest paid -7,2 Change in Working capital was Income tax paid -0,8 SEK -6.4 million (-22.4). Cash flow from operating activities 3,4 Net debt amounted to SEK 392.4 million (391.6). Cash flow from investing activities -17,3 Cash flow from financing activities 12,3 Cash flow for the period -1,6 8
Delivery 9
Almost 3 of 4 participants employed three months after course High share in job regardless of industry All YA: Last 4 months* Week 10, last 4 monyhs 100 100 100 90 Share 84 76 78 78 69 77 employed 63 73 65 65 63 63 58 56 Direct after course 3 months after 6 months after 52 Small # of respondents Small # of respondents Share full time 86 87 91 9 13 Within profession Fully / partly / not 81 85 96 Construction Real estate Vehicle mechanics Industrial tech Excavator Manufacturing Transport Health care Other 24 Share 30 32 Employed interrupted 13 13 12 Failed / wrong Large absence profession Disease *Response rate 73% (3 months), 502 respondents 10
Despite the rapid increase in participants, YA maintain high satisfaction among participants and employees … leads to a positive NPS, net promoter score Participant evaluations ” how likely is it that you would recommend YA?” Average of five parameters (0-5) 5.0 4.3 4.2 4.2 4.2 4.2 4.2 4.1 4.1 4.1 4.1 Grade x 47% 4.0 3.0 NPS: 9 146 +12% 2.0 25% 1.0 92 0.0 27% 16 21 36 41 45 50 2 7 11 15 Week: 0 20 Employee evaluations 36 1 7 Average of eight parameters (0-5) 38 159 2 10 3 416 40 5.0 4 4.1 4.1 4.1 4.1 4.0 4.0 4.0 3.9 3.8 3.8 4.0 107 5 3.0 8 164 2.0 6 78 1.0 Detracters Passive Promoters 0.0 16 21 36 41 45 50 2 7 11 15 Week:
The profitable growth strategy in 2016 has continuously delivered increase in contract value Turn-over and contract value change 2015-18 ~60 ~20 ~15 ~200 100 100 ~80 376 ~10 ~30 75 ~50 50 -150 2015 Loss 2016* Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 Stable total • Truck • Various • Transport • Various • Profes- • Bus • Various • Vux Kalix*** • YH***** turn-over • Bus VUX** armed VUX** sional • Truck VUX** • Engineer*** • Various vux ~SEK • Store and • Vehicle • Excavator • STOM • TSL**** • Inspection forces Swedish 380m • Cons- • Vocational • Various vux terminal mechanics Nyköping mechanics • Validation • Finland, truction University • Taxi real estate cosntruction *Actual results 2016: Turn-over: SEK358m, EBITDA SEK44m, 11% *** Re-won contracts, net effext probably small, if any **VUX: Abbreviation for Vocational high school education **** Will contribute only marginally in 2018 due to economic upturn ***** Vocational university, full effect 2019
Thank you! jan.larsson@ya.se mikael.vesterlund@ya.se 13
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