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Mayfield Childcare Limited CY 2021 Full Year Results
Investor Presentation
23 February 2022
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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 continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available at www.asx.com.au.
No employee or member of Mayfield gives any warranties in relation to the statements or information contained in this Presentation. The information contained in this Presentation is of a general nature and has been prepared by Mayfield in good faith and with due care but no representation or warranty, express or implied, is provided in relation to the accuracy or completeness of the information.
This Presentation is for information purposes only and is not a prospectus, product disclosure statement or other disclosure or offering document under Australian or any other law. This Presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security and neither this Presentation nor anything contained in it shall form the basis of any contract or commitment.
This Presentation is not a recommendation to acquire Mayfield shares. The information provided in this Presentation is not financial product advice and has been prepared without taking into account any recipient's investment objectives, financial circumstances or particular needs, and should not be considered to be comprehensive or to comprise all the information which recipients may require in order to make an investment decision regarding Mayfield shares.
All dollar values are in Australian dollars (A$) unless otherwise stated.
Neither Mayfield nor any other person warrants or guarantees the future performance of Mayfield shares or any return on any investment made in Mayfield shares. This Presentation may contain certain 'forward-looking statements'. The words 'anticipate', 'believe', 'expect', 'project', 'forecast', 'estimate', 'likely', 'intend', 'should', 'could', 'may', 'target', 'plan' and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, financial position and performance are also forward-looking statements. Any forecasts or other forward looking statements contained in this Presentation are subject to known and unknown risks and uncertainties and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Mayfield that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. You are cautioned not to place undue reliance on forward looking statements. Except as required by law or regulation (including the ASX Listing Rules), Mayfield undertakes no obligation to update these forward-looking statements.
Past performance information given in this Presentation is given for illustrative purposes only and should not be relied upon as it is not an indication of future performance.
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CONTENTS
01 CY 2021 HIGHLIGHTS
- FINANCIAL PERFORMANCE
- CY 2021 ACQUISITIONS
- OPERATIONAL PERFORMANCE
- CY 2022 OUTLOOK
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CY 2021 Highlights
The CY 2021 year has proven to be the tale of two halves, characterised by the level of restrictions and challenges associated with the COVID-19 pandemic, faced by our communities, our people, and the economy.
The first half of CY 2021 reflected a more normalised trading environment and improved operating performance, though the COVID-19 restriction implemented in the second half, restrained onlythe recovery trends for the business.
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CY 2021 Highlights
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Occupancy performance at pre-COVID-19 levels.
- Occupancy of 70.1% vs 67.2% in CY 20 and 69.5% in CY 19.
- Strong 1H growth, was constrained in the 2H, by COVID restrictions placed on the access to childcare and work permits for authorised workers.
Increased investment in business assets and customer acquisition.
- Acceleration of capital improvement program following the suspension of works during the 2020 year.
- Significant investment in online assets, 3rd party referral sites and search engine optimisation.
- Ongoing investment in centre based educational resources and staff development.
Quality recognition.
- Quality Improvement Program continues to deliver results for the business.
- 90% of portfolio rated Meeting or Exceeding the National Quality Standard.
Balance sheet strength bolstered.
- Net debt reduced by $2.1m or 25.6% to $6.2m.
- Net assets up by $36.1m to $67.1m reflecting 2021 acquisitions.
Loan facilities increased with Westpac.
- Following negotiations with Westpac, loan facilities have been increased from $18.0m to $30.0m.
- Total debt drawn is $8.1m, providing $21.9m of available funds to support acquisitions.
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Mayfield Childcare Ltd. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 22:57:54 UTC.