Lincoln Educational Services Corporation · NASDAQ:LINC
Lincoln Educational Services — Shareholder Meeting (May 2022)
19 slides from Lincoln Educational Services's shareholder meeting presentation, May 6, 2022
Slide 1: Put Your Potential to Work: 2022 Shareholders Meeting
PUT YOUR POTENTIAL TO WORK 2022 Shareholders Meeting
Slide 2: Stronger and Better
Stronger and BetterLincoln entered 2021 with great momentum and success, and despite the continuing challenges of the pandemic, we ended the year stronger financially and better prepared to reach our potential. 2
Slide 3: Largest Provider of Automotive and Skilled Trade Graduates in the East
[i] uncown tec [im] uNcoun tech Largest Provider of Automotive and Skilled Trade Graduates in the East EAST
Slide 4: Drivers of Organic Demand for Training
Silver Tsunami – aging baby-boomers retiring from the workplace Growing skepticism of the value of college Employers struggle to find interested candidates Simple jobs have become more complex with technology Strong demand in healthcare, manufacturing and construction Infrastructure spending will ex
Slide 5: Demand for Middle Skills Training
Demand for “Middle Skills Training” 5 Middle-skill jobs, which require education beyond high school but not a four-year degree, make up the largest part of America’s labor market. (Source: National Skills Coalition) Lincoln connects employers with entry level trained professionals from the adult, hi
Slide 6: 2021: A New Chapter for Lincoln
Leadership changes Positive new student starts Enrollment growth Return to profitability Financing transactions 2021 : A New Chapter for Lincoln 2015 – 2017 Restructuring 2018 – 2020 Turnaround 2021 & beyond Growth Pressures throughout industry Programs realigned Campuses closed Cost cutting . Achie
Slide 7: Transformational Impact of COVID-19
Transformational Impact of COVID-19 7 All campuses were closed mid March 2020 & moved to remote services Campuses started to re-open in June 2020 with all open by August All campus support services offered at the campus and remotely Lincoln finished 2020 financially stronger than 2019 Pivoted to Onl
Slide 8: Our Superior Educational Approach
Our Superior Educational Approach 8 Feedback Integration Student Support Industrial Infrastructure Engaging Curriculum Graduation and Placement Employment Assistance Develop training programs with feedback from employers and key industry associations to understand gaps and needs Integrate industry p
Slide 9: Growing Base of Industry Partners
Growing Base of Industry Partners 9 Positions Lincoln as long-term solutions provider for both entry level technicians and advanced workforce training Employers appreciate the technical and soft skills of our students Partners provide validation of the quality of our education Co-branding opportunit
Slide 10: Compliance Stats
Compliance Stats 10 90/10 Rule : This rule caps the percentage of revenue that a proprietary institution can receive from federal financial aid sources at 90%; the other 10% of revenue must come from alternative sources. CDR : It is the percentage of a school's borrowers who enter repayment on certa
Slide 11: Experienced Management Team
Experienced Management Team (Years at Lincoln) 11 Chad Nyce EVP, Chief Innovation Officer (2)
Slide 12: Board of Directors
Board of Directors J. Barry Morrow Non-Executive Chairman, Lincoln Educational Services; Founder & Chief Executive Officer, BK Capital Group James J. Burke, Jr. Founder & Managing Partner, JJB Capital Partners LLC Kevin M. Carney Former Executive Vice President & Chief Financial Officer, Web.com Gro
Slide 13: Financial Review
[i] uncown tec Financial Review
Slide 14: Profitability 2018–2021 (Continuing Operations)
Profitability 2018 – 2021(Continuing Operations) 14 Refer to appendix for adjusted EBITDA Reconciliation
Slide 15: Total Operations
15 Total Operations ($ in millions) Approximately 13,100 students enrolled at 22 campuses as of 12/31/2021 Key metrics such as revenue and average population continue to grow Approximately 2,700 student starts for the quarter ending 12/31/2021 Average population grew approximately 650 vs. PY for the
Slide 16: Transportation and Skilled Trades
16 Transportation and Skilled Trades ($ in millions) Approximately 10,300 starts for the twelve months ending 12/31/2021 Average Population increased by approximately 650 students YTD December 2021 Approximately 8,650 students enrolled at 13 campuses as of 12/31/2021 Average Population increased by
Slide 17: Healthcare and Other Professions
17 YTD Dec Revenue & Margin Healthcare and Other Professions ($ in millions) Approximately 5,100 starts for the Twelve months ending 12/31/2021 Average population increased by approximately 200 students as of 12/31/2021 Approximately 4,500 students enrolled at 9 campuses for the three months ending
Slide 18: Balance Sheet & Cash Flow Summaries
Balance Sheet & Cash Flow Summaries
Slide 19: Thank You for Attending our 2022 Shareholders Meeting
[i] uncown tec Thank You for Attending our 2022 Shareholders Meeting
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