Aspen Group, Inc. · OTC:ASPU
Aspen — Investor Presentation (May 2013)
14 slides from Aspen's investor presentation, May 21, 2013
Slide 1: Aspen Group, Inc.
1 Aspen Group, Inc. 1 OTCBB: ASPU May 20, 2013
Slide 2: Safe Harbor Statement
2 Safe Harbor Statement 2 Certain statements in this presentation and responses to various questions include forward-looking statements including statements regarding our strategic plans for 2013 and 2013 through 2015 projections. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “in
Slide 3: Aspen University Snapshot
3 Aspen University Snapshot: 3 — Nationally Recognized & Accredited Online University — Highly differentiated Graduate University (87% Graduate Students*) — 2,779 students (end-Q1) — Nursing and Business Schools key to future growth — Offers breadth and depth of academic disciplines (Doctorate, Mast
Slide 4: What Are The Criticisms Of The For-Profit Education Sector?
4 What Are The Criticisms Of The For- Profit Education Sector? 4 — Weak Graduation Rates — High Tuition Rates — High Cohort Default Rates — Reliance on 3 rd party lead generation firms which drives lower quality students and high enrollment costs — Nearing Title IV 90/10 Revenue Limit Many fear that
Slide 5: Aspen's Differentiated Business Model
5 Aspen’s Differentiated Business Model 5 Post-Graduate Degree Focus (MBA and MSN largest programs)* * MBA/MSN represents nearly 2/3’s of Full-Time Degree Seeking Student body Graduate Tuition: Vertically-Integrated $1,000/course** Student Acquisition*** (all internet marketing in-house, no use of 3
Slide 6: Aspen Competitive Advantages: Graduate Program Focus
6 Aspen Competitive Advantages: Graduate Program Focus 6 The Aspen Difference - Graduate Focus Delivers Industry Leading Metrics (Year-End 2012 Data): — Exceptional adjunct faculty (67% hold a Doctorate) — High course completion rates (90%)* — High Student Satisfaction Rates (95%)* — Strong graduati
Slide 7: Aspen Competitive Advantages: Competitors' Exposure to Title IV 90/10 Rule
7 Aspen Competitive Advantages: Competitors’ Exposure to Title IV 90/10 Rule (Aspen Currently at 18%) 7 Company Ticker Title IV% Year School Type Grand Canyon Education LOPE 80% 2012 Capella Education CPLA 79% 2012 American Public Education APEI 42% 2011 DeVry University DV 81% 2011 Career Education
Slide 8: Aspen University Cost Comparison for MBA Program
Aspen University Cost Comparison for MBA Program $12,000* *Effective June 1, 2013
Slide 9: Aspen Announces Innovative Monthly Installment Plan
9 Aspen Announces Innovative Monthly Installment Plan 9 Graduate Students now have opportunity to pursue their advanced degree without being compelled to rely on student loans to fund their education — Effective June 1, 2013 — Make three $350 monthly tuition payments during each 10- week class — Due
Slide 10: Aspen's Nursing Program Is An ROI Story
10 Aspen’s Nursing Program Is An ROI Story 10 Aspen offers RNs the ability to obtain an MSN for less than $20,000: — RNs begin with 7-course RN-to-MSN Bridge Program ($7,200) — Thereby bypassing requirement for BSN degree — Upon Bridge Program completion, matriculate to 12-course MSN Program ($10,80
Slide 11: 1Q13 Was A Record Quarter
11 1Q13 Was A Record Quarter 11 — In 1Q13 Aspen achieved a 7% conversion rate; meaning our cost per enrollment was below $925 — In 1Q13, our cost per lead dropped below $65 for the first time — Full-time degree seeking enrollments for 1Q13 of 260 marked a new Aspen record — Class Starts in 1Q13 = 1,
Slide 12: 2013-2015 Projections
12 2013-2015 Projections 12 CY13 CY14 CY15 F-T Degree Students 2,300 3,500 5,000 Total Student Body 3,500 5,000 7,000 Total Revenues >$4mm >$7mm >$11mm (minimum 50% growth) — Aspen expects to break even on an adjusted EBITDA* basis when the full-time degree- seeking student body reaches ~2,500. — At
Slide 13: Cap Table
13 Cap Table 13 Aspen Group, Inc. Capitalization Table (5/9/12) Outstanding % Total Shares 58,573,223 78% Warrants 9,090,292 12% Options 7,614,381 10% Fully Diluted Shares 75,277,896 100% - of which Directors & Officers 11,752,904 16% Free trading Shares 7,118,604 9%
Slide 14: Questions & Answers
14 Questions & Answers 14