National Co. For Learning & Education · TADAWUL:4291
National Co. For Learning & Education — National Company for Learning and Education — Q1 2021 Earnings Presentation
22 slides from National Co. For Learning & Education's earnings presentation, 2021
Slide 1: Investors Conference Call Q1 2021 - Financial Results
INVESTORS CONFERENCE CALL Q1 2021 - FINANCIAL RESULTS January 2021
Slide 2: Disclaimer
DISCLAIMER Information contained in this document is subject to change without further notice and it may not contain all material information concerning National Company for Learning and Education (the “Company”). The Company is not liable or responsible of accuracy of referenced information from ex
Slide 3: NCLE Overview
NCLE OVERVIEW
Slide 4: NCLE celebrates its 63rd anniversary this year
NCLE celebrates its 63rd anniversary this year … Company Converted to a Acquired Opened a new Opened a new campus Opened a new campus Opened a new campus Established Closed Joint Stock “AlHadhara” school campus in Nuzha in Qurtobah in Qassim in Qairwan 1958 2002 2006 2013 2017 2019 2020 Opened its 1
Slide 5: NCLE aspires to be the market leader in education quality and business growth
NCLE aspires to be the market leader in terms of education quality, and business growth 63 Years K-12 13,300 3rd National & International Ranking in Market Share in of excellent education Enrolled Students Curriculum Riyadh 9 Campuses ≈ 29,000 225 Million 58 Million 8 In-operation Student Capacity w
Slide 6: NCLE campuses: capacity, enrollment and utilization
NCLE aspires to be the market leader in terms of education quality, and business growth TNS – Al-Rayyan TNS – Al-Rawabi TNS – Al-Nuzha TNS – Qourtuba TNS – Buridah Al-Khawarzmi Al-Ghad TNS – Qairawan TNS – Tilal Al-Doha 2022 Establishment 1958 2009 2013 2017 2019 2010 1990 2020 Under Construction Lo
Slide 7: Minor decline in number of students in 2021 due to pandemic
Due to the global pandemic, NCLE witnessed a minor decline in the number of students in 2021 Total decline rate in Total Students 2020 14,525 %9 2021 Total Students 2021 KG and G1 decline % of 13,300 % 80 the total decline • The total number of students in the current year (2021) decreased by 9% com
Slide 8: In 2020, NCLE maintained its performance with net profit growth of 15%
In 2020, NCLE maintained its performance with a net profit growth of 15% Financial Performance (million SR) Revenue Breakdown (2020) 208 215 218 199 204 198 1.2% 0.2% 97 101 105 88 82 87 64 67 67 58 49 50 98.6% 2015 2016 2017 2018 2019 2020 Revenues Gross Profit Net Profit Tuition Fees Transportatio
Slide 9: Market Overview & Private Education Sector Growth Drivers
MARKET OVERVIEW & PRIVATE EDUCATION SECTOR GROWTH DRIVERS
Slide 10: The private education market is expected to double in the next 10 years
The private education market is expected to double in the next 10 years … Market Size (USD bn) of Private Education in Students distribution in the education Riyadh City is the Largest Private Education KSA* system ** Market In Saudi Arabia*** 1351 1340 9.0 823 436 5.1 265 147 106 40 4.3 Riyadh Mecc
Slide 11: NCLE is committed to continue growing given the growth drivers in place
NCLE is committed to continue growing given the growth drivers in place 1 Population growth will add 2M students in 10 years Enrollment rate in private education 74% 60% 2 35% 32% 23% 15% is still the lowest in KSA compared to neighboring countries UAE QATAR KUWAIT BAHRAIN OMAN KSA High fragmentatio
Slide 12: NCLE Executive Update
NCLE EXECUTIVE UPDATE
Slide 13: Executive Update: Refan acquisition approvals
EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance • Successfully obtained approvals from official authorities to acquire Refan Company for Operation & Maintenance Limited (limited liability company). • The acquisition mainl
Slide 14: Executive Update: Al-Qairawan campus completed
EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance Successful completion of Al-Qairawan campus construction and enrolling ~1000 students in 2020
Slide 15: Executive Update: new grades, discounts and NOA online academy
EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance • Opened registration of new grades in Buraydah Campus following a grand opening ceremony. • Launching a discounts program of tuition fees for all Grades. • Activating new t
Slide 16: Executive Update: virtual education continuity
EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance NCLE has ensured continuity of its education programs virtually with blended component: • 91% daily students attendance • 100% teachers’ daily attendance • Produced 566,500
Slide 17: 2020 Executive Update: academic excellence
2020 EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance • 2nd place in KSA in the global Olympiad robot competition and 22nd globally • AIAA reaccreditation for the international program for the next 5 years • Follow-up of t
Slide 18: 2020 Executive Update: financial performance
2020 EXECUTIVE UPDATE M&A Organic E-learning Academic Financial New offerings transactions Expansion success excellence performance • Enhanced collections through new initiatives using effective online payment channels • • Full utilization of IPO proceeds effectively • Maintained dividends distribut
Slide 19: Q1 2021 Financial Results
Q1 2021 FINANCIAL RESULTS
Slide 20: Q1 recorded a -17% decrease in revenues and -67% decline in net profit
Q1 RECORDED A -17% DECREASE IN REVENUES AND -67% DECLINE IN NET PROFIT Revenues (million SAR) Government Grants & Subsidies (million SAR) 2.31 2.34 Revenues Decreased Gov. Grants & Subsidies 57.17 50.59 by -17% compared with 1.51 Increased by 55% compared 42.11 Q1 -2020 and -26% with Q1-2020 and Inc
Slide 21: Campus Result in Q1-2021
Campus Result in Q1- 2021 Revenue By Campus Gross Margin by Campus 5% 12% 23% 51.6% 49.8% 43.6% 37.7% 43.0% 7% 37.3% 33.0% 2% 2% 19.0% 16.0% 28% 7.5% 21% 4.4% - 3.9% -14.9% N/A N/A 0.0% Al Rayyan Al Rawabi Al Nuzha Qurtuba Buraydah Al Qairawan Alkhowrizmi AlGhad Al Rayyan Al Rawabi Al Nuzha Qurtuba
Slide 22: Thank You
THANK YOU (Q&A) For more information, please contact us on: investor.relations@edu.com.sa
National Company for Learning and Education — Q1 2021 Earnings Presentation on 6ix