Tree House Education & Accessories Limited · NSE:TREEHOUSE
Tree House Education & Accessories — Investor Presentation (2013)
35 slides from Tree House Education & Accessories's investor presentation, Nov 7, 2013
Slide 1: Corporate Presentation – 2013
Corporate Presentation – 2013 1
Slide 2: Our businesses
Our businesses BRAND BUSINESS DETAILS STRATEGY Ø India's largest self-operated preschool Ø Plan to grow at 75-90 chain. centres every year. Ø Currently 394 centres of which 310 are self operated. Ø The company manages 24 K-12 school. Ø Plan to enter into school Ø Schools run across 3 states & variou
Slide 3: Revenue, EBIT Margin, PAT, EPS for FY 10-13
Revenue , EBIT Margin , PAT , EPS for FY 10-13 Revenues EBIT Margin 1400.00 1213.40 46.97% 45.73% 1200.00 50.00% 45.00% 1000.00 40.00% 36.11% 810.90 35.00% 800.00 30.00% 25.00% 20.98% 600.00 411.50 20.00% 400.00 218.70 15.00% 200.00 10.00% 5.00% 0.00 0.00% FY 10 FY 11 FY 12 FY 13 FY 10 FY 11 FY 12 F
Slide 4: ROCE / debt-equity / operating cash flow / Capex for FY 10-13
ROCE / debt -equity / operating cash flow / Capex for FY 10-13 ROCE Net Debt to Equity 18.00% 15.97% 18.00% 15.46% 15.29% 16.00% 16.00% 14.00% 11.84% 14.00% 12.00% 12.00% 10.00% 10.00% 8.00% 5.61% 8.00% 5.24% 6.00% 6.00% 4.00% 4.00% 2.37% 1.45% 2.00% 2.00% 0.00% 0.00% FY 10 FY 11 FY 12 FY 13 FY 10 F
Slide 5: Business Segment Growth
BUSINESS SEGMENT GROWTH Number of units 350 300 300 250 240 200 Self operated pre schools Franchised pre schools 150 K -12 Schools 108 100 79 79 70 62 51 50 22 24 14 5 0 FY 10 FY 11 FY 12 FY 13 5
Slide 6: Preschool Division
Preschool Division INR in Millions Pre- School revenue Pre- School EBIDTA 1200 1059.1 600 534.47 1000 500 800 715.94 363.88 400 600 300 400 282.91 200 202.75 200 59.19 59.63 100 0 0 FY 10 FY 11 FY 12 FY 13 FY 10 FY 11 FY 12 FY 13 # of Cities Present 50 43 37 40 34 30 18 20 10 0 FY 10 FY 11 FY 12 FY
Slide 7: Treehouse preschools
Treehouse preschools n Run 4 classes : Playgroup/ Nursery / JrKG / SrKG n Children come in at age groups of 18 months to 60 months n Most centers run 2 batches..9 am to 11 am and 1130 am to 1330 pm n Some centers also offer daycare. n Teacher student ratio is 1:10 n Most properties have 5 year locke
Slide 8: # of profitable centers in FY13 location wise (with vintage)
# of profitable centers in FY13 location wise ( with vintage) Centers opened Centers opened in Centers opened in Centers opened in Centers opened Locations Total upto 2009 2010 2011 2012 in 2013 Ahmedabad 2/2 5/5 2/2 9/9 Bangalore 13/13 5/5 1/2 19/20 Baroda 1/1 1/1 Chennai 2/2 2/2 Gujarat 1/1 1/1 Gu
Slide 9: K-12 Segment information
K-12 Segment information REVENUE FROM K-12 120 109.46 100 83.7 97.28 80 56.2 School Management Fees 60 71.7 Rent Income 40 Revenue from K-12 44.2 20 11 12.18 12 12 0 FY010 FY 11 FY 12 FY 13 Tree house Investment in K-12 School ( Cumulative) 2,500.00 1,914.36 2,000.00 1,500.00 1,109.22 1,000.00 704.2
Slide 10: Business Models for our K-12 division
Business Models for our K-12 division Model 1 Business Commercial Rights Model Ø Agreement with existing trusts for providing school management. Ø Such school management rights are secured by a payment of fees termed as Business Commercial Rights Ø Gives the company exclusive rights to receive schoo
Slide 11: Mira The Happy School, Vadodara
Mira The Happy School, Vadodara Land and building owned by company
Slide 12: Mira The Happy School, CBSE, Vadodara
Mira The Happy School, CBSE, Vadodara Note : Building under construction Land and building owned by company
Slide 13: Arya Cambridge International School, Thane
Arya Cambridge International School, Thane
Slide 14: Tree House High School, Karvenagar – Pune
Tree House High School, Karvenagar – Pune ICSE
Slide 15: Tree House High School, Kondhwa – Pune
Tree House High School, Kondhwa – Pune
Slide 16: Tree House High School, Virar
Tree House High School, Virar
Slide 17: Tree House High School, Kalyan
Tree House High School, Kalyan Land and building owned by JV in which the company has 50% stake
Slide 18: Tree House High School, Ghansoli, NaviMumbai
Tree House High School, Ghansoli, NaviMumbai
Slide 19: Tree House High School, Shyamnagar, Jaipur
Tree House High School, Shyamnagar, Jaipur
Slide 20: Tree House High School, Ajmer Road, Jaipur
Tree House High School, Ajmer Road, Jaipur
Slide 21: The Green Acres Academy, Chembur
The Green Acres Academy, Chembur Note : Building under construction. Classes conducted in Bungalow
Slide 22: Tree House High School, Jhunjhunu
Tree House High School, Jhunjhunu Land and building owned by company
Slide 23: Tree House High School, Sus - Pune
Tree House High School, Sus - Pune Note : Building under construction. Classes conducted in Bungalow
Slide 24: Tree House High School, Vasai
Tree House High School, Vasai Note : Building under construction. Classes conducted in Bungalow
Slide 25: Vidya Bharti Public School, Sikar
Vidya Bharti Public School, Sikar
Slide 26: Appendices
Appendices 26
Slide 27: Key Performance Indexes
Key Performance Indexes KPIs Year ended 0310 Year ended 0311 Year ended 0312 Year ended 0313 No. of self run centers 85 143 240 300 No. of Franchised centers 51 69 62 79 Total Centers 136 212 302 379 No. of cities present 18 34 37 43 Net # of centers opened in 76 76 90 77 financial year Total Employ
Slide 28: Key Performance Indexes - financial
Key Performance Indexes - financial Year Year Year Year KPIs ended ended ended ended 4 yr CAGR 0310 0311 0312 0313 Total Revenue (cr) 21.87 41.15 81.09 121.34 77.03% EBITDA operational level (cr) 7.02 16.91 42.00 61.82 106.51% EBITDA Margin 32.09% 41.09% 51.80% 50.95% PAT (cr) 2.60 9.19 21.66 33.33
Slide 29: Some key parameters
Some key parameters FY10 FY11 FY12 FY13 Rent as % of total revenue 18.34% 14.57% 15.12% 17.81% Salary as % of total revenue 13.42% 11.94% 11.87% 10.97% Marketing expenses / total 14.71% 9.38% 4.27% 4.24% revenue 29 29
Slide 30: Key Performance Indexes (4 trailing quarters)
Key Performance Indexes ( 4 trailing quarters ) KPIs Q2FY13 Q3FY13 Q4FY13 Q1FY14 No. of self run centers 243 278 300 310 No. of Franchised centers 66 71 79 100 Total Centers 309 349 379 410 No. of cities present 37 38 43 50 Net # of centers opened in quarter 5 40 30 31 Total Employee strength 1450 1
Slide 31: P&L for 2013 Snapshot
P&L for 2013 Snapshot Tree House Education & Accessories Limited Statement of Profit and Loss Year ended Particulars March 31, 2013 I. Revenue from operations 11428,24,344 II. Other Income 705,84,266 Total Revenue (I +II) 12134,08,610 III. Expenses: Operating expenses 3015,81,742 Employee benefit ex
Slide 32: Balance sheet 2013 snapshot
Balance sheet 2013 snapshot Tree House Education & Accessories Limited Balance Sheet Particulars As at March 31, 2013 Rs. I. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share capital 3596,52,700 (b) Reserves and surplus 29738,51,208 (c) Money received against share warrants 1001,70,000 (2) No
Slide 33: 2013 cash flow
2013 cash flow Year ended Cash Flow Statement March 31, 2013 Rs A Cash flows from operating activities Net cash generated from operating activities 4032,31,010 B Cash flow from investing activities Net cash used in investing activities (10361,04,510) C Cash flow from financing activities Net cash pr
Slide 34: Disclaimer
Disclaimer Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to Tree House Education and Accessories Limited’s general business plans and strategy, its future outlook and growth prospects
Slide 35: Thank You !!!
Thank You !!! 35
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