22 slides from Universal Technical Institute's earnings presentation, Aug 6, 2025
Slide 1: Universal Technical Institute, Inc. Q3 2025 Financial Supplement
Universal Technical Institute, Inc. Q3 2025 Financial Supplement
Slide 2: Forward-Looking Statements
Forward-Looking Statements All statements contained in this press release and the related conference call, other than statements of historical fact, are "forward-looking" statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Liti
Slide 3: Consolidated Q3 2025 Highlights
Consolidated Q3 2025 Highlights Q3 2025 Revenue $204.3 million Net Income $10.7 million Adjusted EBITDA $25.3 million Diluted Earnings Per Share $0.19 PAGE 3 ■ Delivered Q3 results exceeding analyst consensus across all metrics. ■ New student starts of 5,721, or 2.8% growth versus the prior year per
Slide 4: Q3 2025 Summary Results
Consolidated Q3 2025 Summary Results ($ in millions) ($ in millions, except for student data) 3 Mos. 6/30/25 3 Mos. 6/30/24 YoY Change 9 Mos. 6/30/25 9 Mos. 6/30/24 YoY Change Revenues $204.3 $177.5 15.1% $613.2 $536.3 14.3% Operating expenses $190.1 $170.0 11.8% $554.7 $503.5 10.2% Educational serv
Slide 5: Statements of Operations Trend
Consolidated Statements of Operations Trend ($ in thousands, except EPS) 3 Mos. 6/30/25 3 Mos. 3/31/25 3 Mos. 12/31/24 12 Mos. 9/30/24 3 Mos. 9/30/24 3 Mos. 6/30/24 3 Mos. 3/31/24 3 Mos. 12/31/23 12 Mos. 9/30/23(1) Revenues $ 204,298 $ 207,447 $ 201,429 $ 732,687 $ 196,358 $ 177,458 $ 184,176 $ 174,
Slide 6: Results of Operations Trend Percent of Revenue
Consolidated Results of Operations Trend Percent of Revenue 3 Mos. 3 Mos. 3 Mos. 12 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 12 Mos. 6/30/25 3/31/25 12/31/24 9/30/24 9/30/24 6/30/24 3/31/24 12/31/23 9/30/23(1) Revenues 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Operating Expenses: Educat
Slide 7: Quarterly Trend – Segment Key Metrics
Quarterly Trend – Segment Key Metrics ($ in millions, except revenue per student amounts) ($ in millions, except for student data) 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24 UTI UTI UTI UTI U
Slide 8: Segment Results of Operations: Third Quarter
3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 6/30/25 6/30/25 6/30/25 6/30/25 6/30/24 6/30/24 6/30/24 6/30/24 UTI Concorde Corporate Consolidated UTI Concorde Corporate Consolidated Revenues $ 131,463 $ 72,835 $ — $ 204,298 $ 117,134 $ 60,324 $ — $ 177,458 Educational services and faciliti
Slide 9: Segment Results of Operations: Year-to-Date
9 Mos. 9 Mos. 9 Mos. 9 Mos. 9 Mos. 9 Mos. 9 Mos. 9 Mos. 6/30/25 6/30/25 6/30/25 6/30/25 6/30/24 6/30/24 6/30/24 6/30/24 UTI Concorde Corporate Consolidated UTI Concorde Corporate Consolidated Revenues $ 397,169 $ 216,005 $ — $ 613,174 $ 355,831 $ 180,498 $ — $ 536,329 Educational services and facili
Slide 10: Segment Expense Details: Third Quarter
Segment Expense Details: Third Quarter ($ in thousands) 3 Mos. % of 3 Mos. % of 3 Mos. % of 3 Mos. % of 06/30/2025 Segment 06/30/2025 Segment 06/30/2025 Consolidated 06/30/2025 Consolidated UTI Revenue Concorde Revenue Corporate Revenue Consolidated Revenue EDUCATIONAL SERVICES AND FACILITIES EXPENS
Slide 11: Segment Expense Details: Year-to-Date
Segment Expense Details: Year-to-Date ($ in thousands) 9 Mos. % of 9 Mos. % of 9 Mos. % of 9 Mos. % of 06/30/2025 Segment 06/30/2025 Segment 06/30/2025 Consolidated 06/30/2025 Consolidated UTI Revenue Concorde Revenue Corporate Revenue Consolidated Revenue EDUCATIONAL SERVICES AND FACILITIES EXPENSE
Slide 12: New Student Starts Details
New Student Starts Details 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 3 Mos. 6/30/2025 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 Total Consolidated Total New Student Starts 5,721 6,650 5,313 11,492 5,567 5,480 Y/Y growth/(decline) 2.8% 21.4% 22.3% 10.6% 5.0% 18.5% UTI Segment Total New Student Star
Slide 13: Balance Sheet and Cash Flow Summary
Consolidated Balance Sheet and Cash Flow Summary ($ in thousands) At: 6/30/25 9/30/24 Cash & cash equivalents $ 70,672 $ 161,900 Restricted cash 2,727 5,572 Held-to-maturity investments 47,162 — Total current assets 185,180 221,951 PP&E (net) 267,717 264,797 Right-of-use assets for operating leases
Slide 14: Earnings Per Share Trend and Guidance
Earnings Per Share Trend and Guidance ($ in thousands, except EPS) Guidance Actual Actual Actual Actual Actual Actual Actual Actual Fiscal 2025 Midpoint 3 Mos. 6/30/25 3 Mos. 3/31/25 3 Mos. 12/31/24 12 Mos. 9/30/24 3 Mos. 9/30/24 3 Mos. 6/30/24 3 Mos. 3/31/24 3 Mos. 12/31/23 Net Income ~$56,000-60,0
Slide 15: Leverage as of 6/30/2025
Leverage as of 6/30/2025 Current Loan Balances $73.8M LTM EBITDA $127.0M Cash & Cash Equivalents and Short-Term Investments $117.8M Gross Leverage Ratio 0.58x Net Leverage Ratio (0.35)x Debt as of 6/30/2025 Term Loan: Avondale Campus Original Note Amount $31.2M Inception Date 5/12/2021 Rate* Fixed/F
Slide 16: Use of Non-GAAP Financial Information
Use of Non-GAAP Financial Information PAGE 16 In addition to disclosing financial results that are determined in accordance with U.S. generally accepted accounting principles ("GAAP"), the Company also discloses certain non-GAAP financial information. These financial measures are not recognized meas
Slide 17: Adjusted EBITDA Reconciliation Trend: Quarter-to-Date
Consolidated Adjusted EBITDA Reconciliation Trend ($ in thousands) QUARTER-TO-DATE 3 Mos. 6/30/25 3 Mos. 3/31/25 3 Mos. 12/31/24 12 Mos. 9/30/24 3 Mos. 9/30/24 3 Mos. 6/30/24 3 Mos. 3/31/24 3 Mos. 12/31/23 12 Mos. 9/30/23(7) Net income, as reported $ 10,663 $ 11,446 $ 22,153 $ 42,001 $ 18,840 $ 4,98
Slide 18: Adjusted EBITDA Reconciliation Trend: Year-to-Date
Consolidated Adjusted EBITDA Reconciliation Trend ($ in thousands) YEAR-TO-DATE 9 Mos. 6/30/25 6 Mos. 3/31/25 3 Mos. 12/31/24 12 Mos. 9/30/24 9 Mos. 6/30/24 6 Mos. 3/3124(9) 3 Mos. 12/31/23 12 Mos. 9/30/23(7) Net income, as reported(1) $ 44,262 $ 33,599 $ 22,153 $ 42,001 $ 23,161 $ 18,176 $ 10,389 $
Slide 19: Adjusted EBITDA Reconciliation By Segment: Quarter-to-Date
Adjusted EBITDA Reconciliation By Segment ($ in thousands) QUARTER-TO-DATE 3 Mos. 6/30/25 3 Mos. 6/30/24 3 Mos. 6/30/25 3 Mos. 6/30/24 3 Mos. 6/30/25 3 Mos. 6/30/24 UTI UTI Concorde Concorde Corporate Corporate Net income (loss), as reported $ 18,583 $ 12,673 $ 5,890 $ 3,778 $ (13,810) $ (11,466) In
Slide 20: Adjusted EBITDA Reconciliation By Segment
Adjusted EBITDA Reconciliation By Segment ($ in thousands) PAGE 20 1. Costs related to both announced and potential acquisition targets. 2. During the nine months ended June 30, 2025, the Company received $0.7 million in funds in final settlement of the outstanding escrow accounts affiliated with th
Slide 21: Adjusted Free Cash Flow
Consolidated Adjusted Free Cash Flow ($ in thousands) 9 Mos. 6/30/25 9 Mos. 6/30/24 Cash flow provided by operating activities, as reported $40,226 $18,361 Purchase of property and equipment (25,499) (16,769) Free cash flow, non-GAAP $14,727 $1,592 Adjustments: Cash outflow for acquisition-related c
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