American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q1 2020 Earnings Presentation
8 slides from American Public Education's earnings presentation, May 11, 2020
Slide 1: Purpose Made Possible
1 Purpose Made Possible First Quarter 2020 Results | May 11, 2020 Presented By Angela Selden President and CEO R i c h a r d S u n d e r l a n d , C PA E x e c u t i v e V P a n d C F O American Public Education Inc.
Slide 2: Safe Harbor Statement
2 The function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education. ― Martin Luther King Safe Harbor Statement Statements made in this presentation regarding American Public Education, Inc., or its subsidiaries,
Slide 3: First Quarter Results & Priorities
3 First Quarter Results & Priorities • Grow the Core Business. New and total net course registrations at APUS increased year-over-year in each primary funding category, except FSA. APUS Net Course Registrations by Primary Funding Source: In addition, net course registrations by new students utilizin
Slide 4: Our COVID-19 Response
44 Our COVID-19 Response • Business Continuity Plan. APUS and HCN employees have transitioned to nearly 100% remote work. We believe we are well positioned for stay-at-home/virtual work environment. • Health/Safety of Employees & Students. Launched several hardship leave and flexible scheduling poli
Slide 5: First Quarter 2020 Financial Summary
5 First Quarter 2020 Financial Summary $0.16/ $74.6M $196.8M $0 Consolidated Share Cash and Long-Term Revenue GAAP EPS Equivalents Debt Diluted • Consolidated revenue increased by 1.6% to $74.6 million, • Total cash and cash equivalents as of March 31, 2020 were compared to $73.4 million in the same
Slide 6: APEI Outlook
6 APEI Outlook Second Quarter 2020 Approximate Y/Y Change These statements are APUS Net course registrations1 by new students +8% to +12% based on current expectations. APUS Net course registrations1 +6% to +10% These statements are forward-looking and HCN New student enrollment2 +56% actual results
Slide 7: Appendix
7 Appendix Three Months Ended March 31, 2020 2019 COSTS AND EXPENSES Instructional costs and services 39.2% 38.0% Selling and promotional 24.4% 20.5% General and administrative 28.1% 26.0% Loss on disposals of long-lived assets 0.2% 0.2% Impairment of goodwill — 8.0% Depreciation and amortization 4.
Slide 8: Thank You
8 Thank You American Public Education Inc.
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