American Public Education, Inc. · NASDAQ:APEI
American Public Education — FY2016 Earnings Presentation
9 slides from American Public Education's earnings presentation, Feb 28, 2017
Slide 1: Recent Results and Developments: Fourth Quarter & Full Year 2016
February 28, 2017 Recent Results and Developments Fourth Quarter & Full Year 2016
Slide 2: Safe Harbor Statement
Statements made in this presentation regarding American Public Education, Inc . 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 -
Slide 3: Recent Results and Highlights
RECENT RESULTS AND HIGHLIGHTS Our Student Persistence Rates Continued to Improve Y/Y • APUS continued to focus on improving student persistence and stabilizing enrollment. • Net course registrations by returning students at APUS declined 7% for the three months ended December 31, 2016. • The first c
Slide 4: Increase Student Persistence: Student-Focused Approach to Quality
4 Advancing the Learning Experience | Exploring New Opportunities Increase Student Persistence Focus on Affordability: • Published undergraduate costs 19% below avg. in - state 4 - year institutions 3 Emphasis on Military & Public Service Communities: • Received “Best for Vets Colleges” distinction
Slide 5: APUS Enrollment Stabilization
5 Advancing the Learning Experience | Exploring New Opportunities APUS ENROLLMENT STABILIZATION Reengineer Processes & Emphasize Course Development Strengthen Enrollment Management: • Improve effectiveness of enrollment lifecycle. • Improve enrollment management and marketing initiatives. • Target m
Slide 6: Financial Results Summary: Fourth Quarter 2016
FINANCIAL RESULTS SUMMARY Fourth Quarter 2016 Advancing the Learning Experience | Exploring New Opportunities 6 • Consolidated revenue decreased 8.5% to $78.6 million, compared to $85.9 million in the same period of 2015. • Costs and Expenses: • Instructional costs and services expenses increased as
Slide 7: Financial/Operational Outlook: First Quarter 2017
FINANCIAL/OPERATIONAL OUTLOOK First Quarter 2017 Advancing the Learning Experience | Exploring New Opportunities 7 The following statements are based on current expectations. These statements are forward - looking and actual results may differ materially. Approximate Change (y/y) APUS Net course reg
Slide 8: Fourth Quarter 2016 Financial Results Conference Call
Fourth Quarter 2016 Financial Results Conference Call February 28, 2017
Slide 9: Appendix: GAAP to Adjusted Net Income Reconciliation
APPENDIX GAAP to Adjusted Net Income Reconciliation 9 GAAP to Adjusted Net Income Reconciliation: (In thousands, except per share data) Net income: $ 24,155 $ 1.49 $ 32,414 $ 1.93 Add adjustments: Loss on disposal of student course registration software development 3,978 0.25 — — Impairment of goodw
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