National Co. For Learning & Education · TADAWUL:4291
National Co. For Learning & Education — National Company for Learning and Education — Q2 2025 Earnings Presentation
28 slides from National Co. For Learning & Education's earnings presentation, May 1, 2025
Slide 1: Investor Presentation Q2 2025
ww gulag yl! auibgll 6st PRESENTATION Q2 2025
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 and its subsidiaries (the Company). The Company is not liable or responsible of accuracy of referenced
Slide 3: Overview
Overview 3
Slide 4: NCLE is celebrating its 67th anniversary since its inception in 1958
NCLE is celebrating its 67th anniversary since its inception in 1958 67 Years 17 31.9 k 45.3 k 3.4 K 10 4 17% CAGR SAR 1.4 Billion 22% SAR 90.3 M 7% 4
Slide 5: Enrolled students grew to 31.9k in Q2 2025 compared to 28.2k in FY 2024
Enrolled students grew to 31.9 k in Q2 2025 compared to 28.2 k in FY 2024 Established Location Owned / Leased Curriculum Optimal Capacity Enrolled Students Utilization 45,265 Student 31,862 Student 70% Of Optimal Capacity Diversified Offering 5
Slide 6: Operational Updates
A. | CP YY - Operational Nn aN Fava Updates | \ Liat tie TLE
Slide 7: Educational Excellence Award
Educational Excellence Award Five NCLE schools received the Excellence Award. This recognition was earned after attaining excellence in the four standards of the National Program for School Evaluation and Excellence. The schools were honored by His Excellency the Minister of Education and the Presid
Slide 8: New Projects on Track: TNS Outperforming, MEIA and National School Meeting Targets
New Projects on Track: TNS Outperforming, MEIA and National School Meeting Targets 8
Slide 9: Qurtubah School remained largely stable after relocating national curriculum students
Qurtubah 1 School remained largely stable after relocating national curriculum students to the new Qurtubah 2 facility Enrollment 9
Slide 10: Al-Salam School rebounded in student enrollment and continued financial growth
Al-Salam School rebounded in student enrollment after last year’s decline and continued its financial growth post-acquisition Average tuition fees was increased in 23/24 Efficiency improved as student to staff ration increased Net profit and enrollment soared, driving strong performance. 10
Slide 11: Financial Outlook
Financial Outlook 11
Slide 12: Change the Company's fiscal year end to July 31 instead of August 31
Change the Company’s fiscal year end to July 31 instead of August 31 On 4 July 2024, the extraordinary general assembly approved changing the company's financial year to start on the first of August and end by the end of July every year. Accordingly, the company’s financial statements were prepared
Slide 13: NCLE recorded its highest earning in Q2 2025
NCLE recorded its highest earning in Q2 2025 31.9 K SAR 327.7 M SAR 121.7 M +13% Growth +16% Growth +18% Growth SAR 78.2 M 1.82 SAR 23.9% +20% Growth +20% Growth 0.8 % Growth 13
Slide 14: NCLE maintained healthy financial growth in Q2 2025
NCLE maintained healthy financial growth in Q2 2025 Revenues Students Numbers SAR M Thousands Government Grants & Gross Profit /EBITDA/Net Subsidies Profit SAR M SAR M 6 Months 14
Slide 15: NCLE maintained healthy Financial growth in Q2 2025
NCLE maintained healthy Financial growth in Q2 2025 Accounts Receivable Days Dividendes & Payout Ratio Days Debt / Equity Margins Percentage Percentage 6 Months 15
Slide 16: Gross Margin by Campus
Gross Margin by Campus 58% 52% 56% 55% 52% 53% 52% 51% 49% 50% 50% 46% 45% 44% 45% 43% 41% 42% 36% 35% 35% 34% 34% 31% 31% (15%) N/A N/A (145%) N/A (77%) N/A TNS – AlRayyanTNS – AlRawabi TNS – AlNozha TNIS -Qurtubah TNS –Buraidah Al-Khwarizmi Al-Ghad - King TNS – TNS – AlAridh TNIS –Dhahran Al-Salam
Slide 17: NCLE Growth Drivers
NCLE Growth Drivers 17
Slide 18: The education market is growing, fueled by increasing private school and kindergarten penetration
The education market is growing, fueled by increasing private school and kindergarten penetration rates External factors Average annual Household Education Kindergarten Enrollment Rates in Saudi Arabia Expenditure in KSA (SAR) 90% 8,800 6,800 34% 21% 13% 2015 2019 2023 2030 Internal factors 2023 203
Slide 19: Privatization Set to Drive Growth in Private School Enrollment by 50%
Privatization Set to Drive Growth in Private School Enrollment by 50% External factors Vision 2030 sets targets to unlock the potential of This will lead to … private education through privatization ~550k Additional students in 17% 25% private schools Internal factors Excluding the impact of populat
Slide 20: Riyadh is at the heart of growth, hosting the majority of Vision 2030 projects
Riyadh is at the heart of growth, hosting the majority of Vision 2030 projects and driving Saudi Arabia's transformation External factors 8.6 mn 15 mn Riyadh Population Internal factors KSA Student Population (mn) Riyadh Student Population (mn) 6.80 1.7 6.72 6.56 1.64 1.58 6.32 1.5 21/22 22/23 23/24
Slide 21: Over the past five years, 10 greenfield schools have been launched
Over the past five years, 10 greenfield schools have been launched, paving the way for sustained growth External factors TNS- Buraidah TNS - Al-Qairwan TNS- Al-Aridh TNIS- Dhahran TNIS – Al-Aridh Internal factors Est. : Est. : Est. : Est. : Est. : Capacity : Capacity : Capacity : Capacity : Capacity
Slide 22: NCLE has outpaced market growth with a 17% CAGR
NCLE has outpaced market growth, doubling it annually over the past five years with a 17% CAGR External factors KSA Private Education growth Vs. NCLE growth (%) Internal factors * NCLE estimates. To be confirmed Students (‘000) Campuses 17 31.9 28.2 13 23.4 11 8 9 17.1 13.3 21/22 22/23 23/24 24/25 2
Slide 23: MEIA Academy has set a new benchmark for full-day system growth in private schools
MEIA Academy has set a new benchmark for full-day system growth in private schools across KSA External factors Contributed to utilization growth over the years Internal factors Delivered strong financial results Driving growth going forward 32 % 18 % 23
Slide 24: Ishbiliyah Project
Ishbiliyah Project External factors Internal factors 24
Slide 25: Al-Rabie Project
Al-Rabie Project External factors Internal factors 25
Slide 26: Jeddah Project
Jeddah Project External factors Internal factors 26
Slide 27: Q&A
Q&A 27
Slide 28: Thank You...
culaillg ayy axibogll sil NATIONAL COMPANY FOR LEARNING & EDUCATION Thank You...
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