Leading K12 learning company capturing further growth

in an attractive global market

September 2022

We have an ambitious strategy for

sustainable, profitable growth…

We are one of the global leaders in K12 education serving 25 million students

  • Producing inclusive learning materials and platforms to promote equal learning opportunities
  • Strengthening our #1 position in European K12 learning services
  • Aiming for selective growth globally through M&A

We are Finland's #1 cross-media company with a weekly reach of 97%

  • Providing trusted Finnish journalism and inspiring entertainment
  • Continuing our successful digital transformation towards higher margin
  • Increasing share of B2C provides sustainable future opportunities

Growing through M&A while paying an increasing dividend

  • Supporting our growth strategy in learning with a solid balance sheet
  • Growing our dividend with an attractive yield
  • Investing in further digital growth and in our people

Our purpose

Through learning and

media, we have a positive

impact on the lives of millions of people every day

Our ambition

Group net sales

over 2bn€ by 2030

at least 75% from Learning

2 Roadshow presentation September 2022

  • based on a well- balanced portfolio with clear long- term targets

Year 2021 at a glance

Net sales

1,252m€

51%49%

LearningMedia Finland

Operational EBIT excl.PPA

197m€

Margin 15.8%

70%30%

LearningMedia Finland

More than

85%

of customers pay for

digital services

Operating in

12

European countries *

Free cash flow

140m€

More than

5,000

employees

3

Roadshow presentation September 2022

* After closing of the acquisition of Pearson Italy and Germany on 31 Aug 2022

Our key long-term targets

(FY 2021 in brackets)

Net debt /

Adj. EBITDA

< 3.0

(2.4)

Carbon neutral

by 2030

(77 gCO2e / € net sales)

Equity

ratio

35−45%

(40.6%)

Employee Experience

Index

>7.5

by 2030

(7.3)

Increasing

dividend

40−60%

of free cash flow

(55%)

Management

gender balance

50/50

by 2030

(39 women / 61 men)

4 Roadshow presentation September 2022

We are #1 in K12 learning services

in Europe…

  • We focus on K12, which is primary, secondary and vocational education (ie. 6−18 year-olds)
    • Supporting more than 25 million students in 12 European countries
    • Having a ~16% market share
  • Teachers and schools are our primary customers
    • Teachers are key decision-makers on which learning content to use
    • In our operating countries, learning content is largely publicly funded and typically represents 1−3% of public education spend
  • Our learning services provide teachers with everything they need
    • Printed and digital learning content created together with teachers and matching the local curriculum
    • Digital learning platforms, either linked to our content or open
    • Content distribution services
  • Our content has a positive impact on learning outcomes
    • Inclusive learning materials promote equal learning opportunities and support diversity and differentiation

5 Roadshow presentation September 2022

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Sanoma Oyj published this content on 21 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2022 09:09:06 UTC.