YA Holding AB (publ) Investor presentation Q1 2018 Jan Larsson CEO - - PowerPoint PPT Presentation

YA Holding AB (publ) Investor presentation Q1 2018

Jan Larsson CEO Mikael Vesterlund CFO May 28, 2018

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Market situation

Lower unemployment levels, despite increase in the number of jobs in the economy

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• Employment up. In April, 5 043 000 people

were employed, up 78’ since April 2017 and more tha 300’ since 2014

• Unemployment unchanged. In March, 359’

(7.2%) were unemployed. 171’ were inlabour market programmes

• Improving situation for newcommers.

Unemployment among born in another country decreases – from 22,1 to 20,5 % (204.000). 167.000 were born outside Europe

• Full employment for Swedes. Unemployment

among Sweden borns down from 4.0 to 3.7%

• Lower unemployment among young. For 18-

24 years of age, unemployment is down from 54’ to 47’ (8.7%)

• Long term unemployment increases. 153’

unemployed > a year (149’)

Source: The Swedish Public Employment Service, Arbetsförmedlingen

Unemployment Sweden 2014-2017 January 2014-February 2018

200.000 150.000 50.000 350.000 100.000 250.000 300.000 400.000 450.000 222.077 jan- 14 jan- 15 jan- 16 jan- 17 jan- 18 411.872 171.230 188.051 359.281

• 11%

In programmes Open unemployed

Continued need for training for immigrants

* Source SCB, rest AF

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Skills shortage on labour market continues with record level of unrecruited positions

50.000 100.000 150.000 nov aug

• kt

jan feb mar apr dec maj jun jul jun sep aug

• kt
• kt

nov nov apr jan mar jul sep sep nov jan mar apr maj jul jun jul sep dec jan mar maj jun

• kt

dec jan feb aug apr apr maj feb

65.072 93.046

mar

136.938 147.719

aug feb dec feb

128.017

+124% +8%

2014 2015 2016 2017 2018

Number of available job positions, end of month

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Unrecruited positions increase:

• From March 2017, the

number of unmanned positions on the labour market has increased by 8%

• Since 2014, it has more

than doubled.

Demand of labour high

Seasonally adjusted Original values

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YA’s number of participants up 71% over the year, despite decrease in total participants in labour courses

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A quarter with improved turnover and result

Financial information

Profit & loss Q1 2018

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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%)

Improved turnover and results

Cash balance amounted to SEK 4.4 million (4.8) at the end of the quarter. Cash flow amounted to SEK 3.4 million (-17.6). Cash flow from operating activities amounted to SEK 3.4 million (- 24.0). Change in Working capital was SEK -6.4 million (-22.4). Net debt amounted to SEK 392.4 million (391.6).

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Balance sheet and cash flow

Cashflow Q1

Q1

EBITDA 17,8 Change in working capital

• 6,4

Cash flow before interest and taxes 11,4 Interest paid

• 7,2

Income tax paid

• 0,8

Cash flow from operating activities 3,4 Cash flow from investing activities

• 17,3

Cash flow from financing activities 12,3 Cash flow for the period

• 1,6

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Delivery

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Almost 3 of 4 participants employed three months after course

*Response rate 73% (3 months), 502 respondents

63 69 76 6 months after Direct after course 3 months after

All YA: Last 4 months*

91 96 85 9 81 13 32 13 12 13 30 Employed Other Large absence 24 Disease Failed / wrong profession

Share full time Within profession Fully / partly / not Share interrupted

Share employed

High share in job regardless of industry Week 10, last 4 monyhs

87 86

73 65 63 90 63 77 52 100 78 65 56 84 58 100 78 100 Transport Construction Real estate Vehicle mechanics Health care Industrial tech Excavator Manufacturing

Small # of respondents Small # of respondents

0.0 4.0 2.0 1.0 3.0 5.0 7 4.1 21 16 36 41 45 50 2 4.2 4.2 4.1 4.2 4.2 4.3 4.2 11 15 4.1 4.1

Week:

Participant evaluations Average of five parameters (0-5)

0.0 5.0 4.0 1.0 2.0 3.0 4.0 45 41 3.8 16 21 7 36 50 2 4.1 3.8 3.9 4.1 4.1 4.1 11 15 4.0 4.0

Despite the rapid increase in participants, YA maintain high satisfaction among participants and employees

Week:

Employee evaluations Average of eight parameters (0-5)

78 164 416 107 159 146 40 38 36 92 Promoters 20 Detracters Passive 25% 27% 47%

NPS: +12%

…leads to a positive NPS, net promoter score ”how likely is it that you would recommend YA?” 1 2 3 4 5 6 7 8 9

Grade

10 x

376 100 100 75 Q3 2016 2015 Loss 2016* 50 Q2 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 ~200 ~50 ~20

• 150

~30 ~10 ~80 ~15 ~60

Turn-over and contract value change 2015-18

Stable total turn-over ~SEK 380m

The profitable growth strategy in 2016 has continuously delivered increase in contract value

• Truck
• Bus
• Store and

terminal

• Various

VUX**

• Vehicle

mechanics

• Transport

armed forces

• Cons-

truction

• Various

VUX**

• Excavator

Nyköping

• Bus
• Truck
• Profes-

sional Swedish

• Vocational

University

• Taxi
• Various

VUX**

• STOM

*Actual results 2016: Turn-over: SEK358m, EBITDA SEK44m, 11% **VUX: Abbreviation for Vocational high school education

• Vux Kalix***
• Engineer***
• TSL****
• Various vux
• Validation

real estate

*** Re-won contracts, net effext probably small, if any **** Will contribute only marginally in 2018 due to economic upturn ***** Vocational university, full effect 2019

• YH*****
• Various vux
• Inspection

mechanics

• Finland,

cosntruction

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Thank you!

jan.larsson@ya.se mikael.vesterlund@ya.se