Edu Holdings Limited · ASX:EDU
Edu — Shareholder Meeting (May 2023)
17 slides from Edu's shareholder meeting presentation, May 23, 2023
Slide 1: AGM Address and Presentation
EDU Holdings Limited ABN 85 108 962 152 Level 1, 65 York Street Sydney NSW 2000 eduholdings.com.au ASX Market Release 23 May 2023 The Manager Market Announcements Platform Australian Securities Exchange By electronic lodgement For personal use only AGM Address and Presentation As required by Listing
Slide 2: Chair's Address to AGM
EDU Holdings Limited ABN 85 108 962 152 Level 1, 65 York Street Sydney NSW 2000 eduholdings.com.au Chair’s Address to AGM Good morning ladies and gentlemen, My name is Gary Burg and I am the Chair of EDU Holdings Limited. Thank you for joining us today. Market conditions are certainly more favourabl
Slide 3: CEO Presentation: Annual General Meeting
For personal use only CEO PRESENTATION ANNUAL GENERAL MEETING Year ended 31 December 2022
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only Vision: To be the first-choice in Healthcare, Education and Community Services education $18.1m ($1.5m) $6.2m FY22 Revenue FY22 EBITDA Cash at 31-Mar 2023 91 22 6,463 8 Permanent Staff Courses Offered FY22 Enrolments1 Campuses + Online 1 Enrolments is the sum
Slide 5: FY22 Operational Highlights
FY22 OPERATIONAL HIGHLIGHTS For personal use only Ikon Enrolments ALG enrolments Opened New Nurse Training up 35% stabilised Sydney Campus Australia Growth continuing into T2’23 enrolments up 1,621 sqm purpose-built Acquisition T1’23, up 40% on PCP modestly on prior term education space Completion p
Slide 6: International Education Sector Bouncing Back
INTERNATIONAL EDUCATION SECTOR BOUNCING BACK International Student Commencements and For personal use only Total Enrolments in Australia – YTD Feb 700,000 Post-pandemic recovery well underway 600,000 500,000 Favourable visa settings to encourage return of international students 400,000 Visa processi
Slide 7: Well-Positioned to Benefit from Structural Tailwinds
WELL-POSITIONED TO BENEFIT FROM STRUCTURAL TAILWINDS CRITICAL SKILLS SHORTAGES For personal use only FAVOURABLE VISA & IMMIGRATION SETTINGS EDU (incl. NTA) qualifies students towards 4 of the Settings designed to support the return of top 10 occupations identified as having critical skills internati
Slide 8: Program Strategy Unfolding
PROGRAM STRATEGY UNFOLDING For personal use only Higher Value Longer Average Alignment to Expansion of Leverage Online Courses Study Duration Skills Shortages Course Portfolio Delivery 100% of Ikon FY22 26 months in FY22 73% of FY22 22 courses in FY22 Launched in 2021, revenue from HE vs vs 22 month
Slide 9: 1Q23 Trading Update
For personal use only 1Q23 UPDATE TRADING 7
Slide 10: Positive Start to FY23
POSITIVE START TO FY23 For personal use only First quarter revenue run-rate (annualised) up 13% on 2H22 1Q23 Group Ikon T1’23 revenue enrolments Ikon continuing to deliver strong revenue growth up 6% up 40% ALG recovery ‘bumpy’ - T1’23 subdued with lower- than-expected NSEs, offset by lower exit rat
Slide 11: Ikon Delivering Growth & Leverage
IKON DELIVERING GROWTH & LEVERAGE 900 For personal use only 800 T1’23 enrolments up 40% on PCP to 768 700 1Q23 revenue up 46% on PCP, EBITDA 600 margin ~20% (FY22: 7%, 2H22: 15%) 500 7th consecutive trimester of student growth with strong pipeline 400 300 Encouraging T2’23 intake – census date 7 Jun
Slide 12: ALG Enrolments Stabilising
ALG ENROLMENTS STABILISING 1600 For personal use only 1400 T2’23 enrolments modestly up on T1’23; 1,023 v. 1,007 1200 Lower than expected T2 NSEs more than 1000 offset by lower exit rate 800 1Q23 revenue down 19% on PCP. EBITDA neutral but still cashflow negative 600 400 Onshore pipelines rapidly re
Slide 13: NTA Acquisition Update
NTA ACQUISITION UPDATE For personal use only Diploma of Nursing accreditation pending decision at June ANMAC meeting Completion remains subject to successful accreditation outcome (and other conditions precedent) FY23 revenue and EBITDA remains in line with acquisition business case Lower Nursing en
Slide 14: FY23 Priorities
FY23 PRIORITIES UTILISATION IMPROVEMENT Leverage latent capacity REBUILD OF ALG COMPLETION OF For personal use only STUDENT NTA ACQUISITION VOLUME ANMAC accreditation Activation of global pending agent network PRODUCT DEVELOPMENT Certificates, Diplomas, Bachelors & Masters in aligned fields of study
Slide 15: FY23 Outlook
FY23 OUTLOOK For personal use only Enrolment and revenue Onshore pipelines rebuilding - Operating leverage to continue growth to continue supporting growth in NSEs to emerge as revenue builds in and total enrolments both businesses Operating margins to continue to improve with Recovery likely to be
Slide 16: Disclaimer
DISCLAIMER This presentation, dated 23 May 2023, contains unaudited data and Certain statements in this presentation constitute ‘forward-looking For personal use only results and is provided for information purposes only The information in statements’ or statements about ‘future matters’. Such state
Slide 17: Contact
CONTACT For personal use only Adam Davis, CEO E: adam.davis@eduholdings.com.au P: 1300 254 000 M: +61 408 400 888 Lyndon Catzel, CFO E: lyndon.catzel@eduholdings.com.au P: 1300 254 000 M: +61 414 907 384 15