American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q3 2008 Earnings Presentation
12 slides from American Public Education's earnings presentation, Nov 12, 2008
Slide 1: Online Higher Education Built To Succeed: Third Quarter 2008 Earnings Conference Call
Online Higher Education Built To Succeed Third Quarter 2008 Earnings Conference Call November 12, 2008
Slide 2: Safe Harbor Statement
Statements made in this presentation regarding American Public Education, or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industry. These forward-looking st
Slide 3: Third Quarter 2008 Highlights
Wally Boston President and Chief Executive Officer Third Quarter 2008 Highlights
Slide 4: Robust Growth in Challenging Times
Net Course Registrations and Student Enrollment: For the three months ended September 30, 2007 2008 % Change Net Course Registrations from New Students 6,700 10,400 55% Net Course Registrations 25,300 38,900 54% As of September 30, 2007 2008 % Change Total Student Enrollment 26,900 41,100 53% Third
Slide 5: Our Unique Value Proposition Offers Sustainable Advantages
Product characteristics: Affordable and flexible High quality program offerings in wide variety of fields “For Those Who Serve” - military and select civilian markets Operating efficiencies: Relationship marketing expertise - low student acquisition cost & high referral rates PAD System - drives eff
Slide 6: Financial Overview
Harry Wilkins EVP and Chief Financial Officer Financial Overview
Slide 7: Strong 3Q2008 Financial Results
Strong 3Q2008 Financial Results ($ in thousands, except per share data and registrations) Includes pretax stock-based compensation expense of $396,000 in 2008 and $136,000 in 2007. Includes after-tax stock-based compensation expense of $261,000 or $0.01 per diluted share in 2008 and $113,000 or $0.0
Slide 8: Continued Operating Margin Expansion
Continued Operating Margin Expansion…. Three Months Nine Months Ended September 30, Ended September 30, 2008 2007 2008 2007 Revenues 100.0 % 100.0 % 100.0 % 100.0 % Costs and expenses: Instructional costs and services 39.8 43.8 41.4 43.2 Selling and promotional 13.1 11.0 11.1 10.1 General and admini
Slide 9: Fourth Quarter 2008 Outlook
4th Quarter 2008 %Growth Net Course Registrations 40,400 to 40,900 45%-47% Net Course Registrations from New Students 9,500 to 9,800 38%-42% Total Revenue $29.5 to $30.9 million 39%-46% Net Income (1) $4.0 to $4.3 million 37%-45% EPS – Diluted (1) $0.22 to $0.23 Additionally, selling and promotional
Slide 10: Increased Full Year 2008 Outlook
Increased Full Year 2008 Outlook The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. Updated FY 2008 %Growth Net Course Registrations 145,700 +54% Net Course Registrations from New Students 36,300+ 47% Total Reven
Slide 11: Well Positioned for Expansion in 2008, 2009 and Beyond
Well Positioned for Expansion in 2008, 2009 and Beyond Further expansion in civilian markets - Progress in existing verticals – police, fire, logistics, security etc. - Recently launched masters degree programs in education Continued success in military market - Navy College Program Distance Learnin
Slide 12: Third Quarter 2008 Earnings Conference Call Q&A Session
Third Quarter 2008 EarningsConference Call Q&A Session
American Public Education — Q3 2008 Earnings Presentation on 6ix