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Nido Education Limited is a national owner, operator and manager of long day early childhood education and care services , operating under the Nido Early School brand.
Nido's business strategy is to be an owner and operator of child care Centres that have a high occupancy (which Nido defines as having greater than an 80% average over the previous 6 months) and proven profitability (which Nido defines as greater than $5,500 EBIT per licensed place per annum). All Nido Centres are purpose built and designed for Nido to standards and specifications that allow Nido to provide quality education.
As at 20 September 2023, Nido, through relevant operating subsidiaries, owns 28 Centres, and on Listing, Nido will have acquired a further 24 Centres, taking the Nido Centre portfolio to 52 owned and operated Centres.
In addition to the 52 Centres that Nido will own and operate on Listing, Nido manages 41 Centres, taking the total number of Nido owned, operated, and managed Centres to 93, with a total maximum capacity of 8,174 children per day that can be educated.
Nido plans to continue expanding its Centre portfolio through its Incubator relationships. Incubators are third parties that take on the financial risk of developing Centres from greenfield sites (where the site has been developed and built from the ground up) with the assistance and management of Nido, and once they mature, Nido has an exclusive call option to acquire the Centres at a pre agreed multiple of AEBIT (based on a seasonally adjusted last six months and then annualised).
The Incubators are targeting the development of 20 to 30 new Centres per year. In addition to managing Centres for the Incubators, Nido also manages 41 Centres on behalf of third parties.
It is anticipated that NDO will list on the ASX during October 2023.
nidoeducation.edu.au
Nido's business strategy is to be an owner and operator of child care Centres that have a high occupancy (which Nido defines as having greater than an 80% average over the previous 6 months) and proven profitability (which Nido defines as greater than $5,500 EBIT per licensed place per annum). All Nido Centres are purpose built and designed for Nido to standards and specifications that allow Nido to provide quality education.
As at 20 September 2023, Nido, through relevant operating subsidiaries, owns 28 Centres, and on Listing, Nido will have acquired a further 24 Centres, taking the Nido Centre portfolio to 52 owned and operated Centres.
In addition to the 52 Centres that Nido will own and operate on Listing, Nido manages 41 Centres, taking the total number of Nido owned, operated, and managed Centres to 93, with a total maximum capacity of 8,174 children per day that can be educated.
Nido plans to continue expanding its Centre portfolio through its Incubator relationships. Incubators are third parties that take on the financial risk of developing Centres from greenfield sites (where the site has been developed and built from the ground up) with the assistance and management of Nido, and once they mature, Nido has an exclusive call option to acquire the Centres at a pre agreed multiple of AEBIT (based on a seasonally adjusted last six months and then annualised).
The Incubators are targeting the development of 20 to 30 new Centres per year. In addition to managing Centres for the Incubators, Nido also manages 41 Centres on behalf of third parties.
It is anticipated that NDO will list on the ASX during October 2023.
Nido Education: Early Childhood Education and Care Services
Nido Education Limited, Australian leader in early childhood education, operating as Nido Early School educating 8,000+ children each day.
nidoeducation.edu.au
