Taaleem Holdings Pjsc · DFM:TAALEEM
Taaleem Holdings Pjsc — Q1 2025/26 Earnings Presentation
44 slides from Taaleem Holdings Pjsc's earnings presentation, 2025
Slide 1: Taaleem Holdings PJSC Q1 2025/26 Results Presentation
TAALEEM HOLDINGS PJSC 2024 COMPANY PROFILE Q1 2025/26 RESULTS PRESENTATION
Slide 2: Disclaimer
DISCLAIMER • These materials are the sole responsibility of Taaleem Holdings PJSC, ‘Taaleem’ (the “Company”, the “Group”) and contain both publicly available information and non-public information. These materials have been prepared solely for your information and for use at the quarterly earnings c
Slide 3: Table of Contents
TABLE OF I Q1 2025/26 Snapshot Page 4 CONTENTS II Q1 2025/26 Financial Performance Page 11 III Q1 2025/26 Portfolio Performance Page 20 IV Our Blueprint for Growth Page 28 V Super-Premium and Premium Expansion Page 32 VI Early Childhood Education Expansion Page 35 VII Forward-Looking Guidance Page 3
Slide 4: Q1 2025/26 Snapshot
Q1 2025/26 OO) SNAPSHOT
Slide 5: Post-IPO Execution Track Record: Delivering on Our Promises
POST-IPO EXECUTION TRACK RECORD DELIVERING ON OUR PROMISES Taaleem’s IPO was a pivotal moment, outlining a clear growth strategy focused on strategic expansion, operational excellence, and sustainable profitability. We have exceeded these commitments, delivering significant value to our shareholders
Slide 6: Delivering Shareholder Value: Consolidated Financial Highlights
DELIVERING SHAREHOLDER VALUE CONSOLIDATED FINANCIAL HIGHLIGHTS Robust growth across all key Optimally positioned balance sheet Returns strengthening alongside financial indicators primed for investment and growth disciplined capital deployment Income & Investment (Q1 2025/26) Balance Sheet & Liquidi
Slide 7: An Increasingly Diversified Portfolio: Key Q1 2025/26 Updates
AN INCREASINGLY DIVERSIFIED PORTFOLIO KEY Q1 2025/26 UPDATES Premium Schools Premium Nurseries (KFG) PPP: Dubai Schools PPP: Abu Dhabi Charter Schools PPP: MoE ‘Ajyal Schools’ Owned and Operated by Owned and Operated by Operated by Taaleem Operated by Taaleem Operated by Taaleem Taaleem Taaleem 12 S
Slide 8: Riding the Momentum: Plans on Track to Boost Premium Capacity
RIDING THE MOMENTUM PLANS ON TRACK TO BOOST PREMIUM CAPACITY Expanding Taaleem’s already-established presence in Dubai and Abu Dhabi’s private Recent and Planned Capacity Additions until September education sector, capitalising on its strong brand names such as ‘Dubai British Schools’. 2027* Planned
Slide 9: Why Invest in Taaleem? A Unique, Diversified Platform
WHY INVEST IN TAALEEM? A UNIQUE, DIVERSIFIED PLATFORM WITH SCALABLE GROWTH Investment Highlights Taaleem’s Three-Tiered Growth Model Proven Growth Execution Diversified & Scalable Platform 13 premium schools (strong Super-Premium Schools & Nurseries 11.6% Premium capacity growth Q1 2025/26 Nurseries
Slide 10: Q1 2025/26 Financial Performance
Q1 2025/26 Financial Performance II
Slide 11: Consolidated Income Statement Highlights
CONSOLIDATED INCOME STATEMENT HIGHLIGHTS Strong financial performance reflected in growing revenues, gross profit, and EBITDA, supported by disciplined cost managemen t during a period of expansion. Revenues (AED M)* Gross Profit (AED M | % Margin)* Adj.Total EBITDARevenues (AED M |(AED % Margin)* M
Slide 12: Consolidated Revenues: Sustained Growth
CONSOLIDATED REVENUES | SUSTAINED GROWTH Operating revenues grew 20.9% YoY in Q1 2025/26, supported by premium enrolment growth and PPP expansion. Operating Revenue (AED M)* Total Revenue by Vertical (AED M/%)* Enrolment (000s) and Utilisation (%) Av. Gross Tuition Fees** (AED 000s) 2.6 M 74.0% 77.7
Slide 13: Maintaining Cost Efficiencies While Investing in Talent & Quality
MAINTAINING COST EFFICIENCIES WHILE INVESTING IN TALENT & QUALITY Taaleem strengthened staffing and benefits to attract top talent while reducing its contribution percentage to the total operating costs. Operating Costs (AED M)* Operating Costs Breakdown (%)* General & Admin Expense (AED M)* Adj. EB
Slide 14: Consolidated Balance Sheet Highlights
CONSOLIDATED BALANCE SHEET HIGHLIGHTS Taaleem maintains a strong financial position by combining disciplined IPO fund deployment with targeted new financing to sup port expansion. Total Debt (AED M) Net Debt* (AED M) TotalCAPEX Revenues (AED(AED M) M) Lease Liabilities (AED M) Expansionary Acquisiti
Slide 15: Healthy Debt Profile: Debt & Financing Health
HEALTHY DEBT PROFILE DEBT & FINANCING HEALTH Current Position 3-Year Trend Status Summary Comfortable, well- Debt has been raised strategically and structured debt sustainably, remaining comfortably profile within our risk parameters. Leverage FY 23/24 FY 24/25 Q1 25/26 Debt strategy anchored in str
Slide 16: Consolidated Cashflow Generation: Ideally Positioned for Growth
CONSOLIDATED CASHFLOW GENERATION | IDEALLY POSITIONED FOR GROWTH Taaleem’s healthy cash generation and leverage profile have provided strong capacity to fund expansions, pursue strategic acquisitions, and drive long-term value creation Cash Balance Movement (AED M) – Q1 2025/26 Free Cash Flow Conver
Slide 17: Q1 2025/26 Portfolio Performance
Q1 2025/26 Portfolio Performance III
Slide 18: Q1 2025/26 in Numbers: Growing Portfolio of Schools and Record-High Revenues
Q1 2025/26 IN NUMBERS GROWING PORTFOLIO OF SCHOOLS AND RECORD-HIGH REVENUES Capacity growth was led by the Utilisation improved across Premium enrolment up 12.8% Premium segment (+10.5% YoY), Key Total operating revenues reached AED 369.9M in Q1 YoY, driven by ramp-up at supported by acquisitions an
Slide 19: Premium Schools: Growing the Potential for New Students
PREMIUM SCHOOLS GROWING THE POTENTIAL FOR NEW STUDENTS AND LARGER STUDENT BASE The year saw Taaleem add one school to its portfolio through the launch of DBS Mira, contributing 1,856 seats, alongside capacity expansion at DBS Emirates Hills (DBS Islands), adding a further 418 seats. Collectively, th
Slide 20: Premium Schools: Expansion in Capacity and Enrolment in Q1 25/26
PREMIUM SCHOOLS EXPANSION IN CAPACITY AND ENROLMENT IN Q1 2025/26 Enrolment (000 students) Revenue (AED M) EBITDA (AED M) CAPEX (AED M) 12 13 43.3% 37.9% 76.7% 78.3% 58.7K 60.9K 18.7 16.6 318.7 78.0 12.8% 266.9 4.7% 106.4% 19.4% 37.8 115.5 120.9 Q1 2024/25 Q1 2025/26 Q1 2024/25 Q1 2025/26 Q1 2024/25
Slide 21: Highly-Rated Premium Schools at Competitive Pricing
HIGHLY-RATED PREMIUM SCHOOLS AT COMPETITIVE PRICING OFFERING ROOM FOR FEE EXPANSION Outstanding Very Good Good Not Yet Rated Max 97k Max 98k Max 94k Max 99+k AED 68k Dubai Abu Dhabi AED 93K AED 95K AED 62k Under construction Avg. Avg. AED 70k AED 58k AED 62k Avg. Avg. AED 58k AED 63k AED 56k AED 60k
Slide 22: Government Partnerships: Advancing Market Position Through Portfolio Optimization
GOVERNMENT PARTNERSHIPS ADVANCING MARKET POSITION THROUGH PORTFOLIO OPTIMIZATION Taaleem holds a unique position with strong business relations with the varying government bodies in the UAE The 12.5% YoY capacity decrease was mainly driven by the Number of Schools planned transition and handover of
Slide 23: Government Partnerships: Revenue Growth in the High Double-Digits
GOVERNMENT PARTNERSHIPS REVENUE GROWTH IN THE HIGH DOUBLE-DIGITS Enrolment (000 students) Revenue (AED M) EBITDA (AED M) Maintenance CAPEX (AED M) 72.3% 77.2% 22 23 7.0% 5.8% 22 23 23.5 23.5 1.06 51.2 -0.3% 30.8% 7.6% 39.1 6.7% 1.13 2.7 3.0 Q1 2024/25 Q1 2025/26 Q1 2024/25 Q1 2025/26 Q1 2024/25 Q1 2
Slide 24: Our Blueprint for Growth
Our Blueprint for OO) Growth IV
Slide 25: Forging Ahead | Our Blueprint for Growth: Key Strategy Pillars
FORGING AHEAD | OUR BLUEPRINT FOR GROWTH KEY STRATEGY PILLARS A clearly articulated growth strategy built on Taaleem’s core competencies. Looking ahead, the Board is evaluating post-Harrow Abu Dhabi & Ghaf Woods growth pathways to sustain value creation, disciplined capital deployment, and balance-s
Slide 26: Strategic Deployment of IPO Proceeds: Disciplined CAPEX Phasing
STRATEGIC DEPLOYMENT OF IPO PROCEEDS DISCIPLINED CAPEX PHASING With 74.6% of its IPO proceeds already deployed, Taaleem is now focused on maximising value from its recent investments, while maintaining a disciplined and financially prudent growth approach. Front-loaded: Harrow Dubai, Harrow *Mainten
Slide 27: Portfolio Growth: Greenfield Launches and Expansion
PORTFOLIO GROWTH GROWTH THROUGH GREENFIELD LAUNCHES AND EXPANSION Expansion | New Building Land and Buildings Acquisition New Super Premium School New Super Premium School New Premium School New Premium School School Plot Land Acquisition Greenfield DBS EH Expansion Harrow School Harrow School DBS J
Slide 28: Super-Premium Expansion: Harrow Schools
Super-Premium Expansion Harrow Schools V
Slide 29: Harrow Schools Dubai and Abu Dhabi: Capturing Untapped Demand for Super-Premium Education
HARROW SCHOOLS DUBAI AND ABU DHABI CAPTURING THE UNTAPPED DEMAND FOR SUPER-PREMIUM EDUCATION WHY HARROW? Global Prestige: 450+ year Academic Excellence: Brand Appeal: Proven brand Strategic Fit: Strategic heritage and global alumni Recognised worldwide for equity supports premium fee partnership mod
Slide 30: Harrow Schools: Risk Management & Strategic Mitigation
HARROW SCHOOLS DUBAI AND ABU DHABI RISK MANAGEMENT & STRATEGIC MITIGATION Super-Premium Model: Higher initial cost base is strategically offset by a premium fee structure, targeting superior long-term returns and margin profile. PRUDENT GROWTH | RISK MANAGEMENT & STRATEGIC MITIGATION THE CHALLENGE P
Slide 31: Early Childhood Education Expansion
Early Childhood Education Expansion VI
Slide 32: Kids First Group (KFG): Unlocking Growth Beyond K-12
KIDS FIRST GROUP (KFG): UNLOCKING GROWTH BEYOND K–12 HIGHER MARGINS, FASTER PAYBACK, SCALABLE MODEL Acquisition Snapshot Integration & Growth Outlook Nurseries (KFG) | Business Model & Flexibility Acquisition completed in June Q1 25/26 impact One new nursery Occupancy ramp: Diversification Asset-lig
Slide 33: Early Childhood Education in the UAE: Market Overview
EARLY CHILDHOOD EDUCATION IN THE UAE MARKET OVERVIEW While underpenetrated, the highly-fragmented early childhood education market in UAE is undergoing rapid expansion, driven by strong private sector investment, supportive regulatory framework, growing expats and increasing women in the workforce,
Slide 34: Early Childhood Education in the UAE: Growing Demand in an Underserved Market
EARLY CHILDHOOD EDUCATION IN THE UAE GROWING DEMAND IN AN ALREADY UNDERSERVED MARKET UAE saw an estimated 10-15% shortage in the number of seats in 2022. This trend is likely to The number of seats are projected to increase by a CAGR of 3.1% continue in the coming years on the back of socio-economic
Slide 35: FY 2025/26 Guidance
FY 2025/26 OO) Guidance Vil
Slide 36: Forward-Looking Guidance: Strong Performance Supports Full-Year Targets
FORWARD-LOOKING GUIDANCE STRONG PERFORMANCE SUPPORTS FULL-YEAR TARGETS FY 2025/26 Guidance FY 2026/27 Guidance FY 2027/28 Guidance Op. Revenue Growth YoY +16-19% YoY 8-11% YoY 11-13% Taaleem Only EBITDA AED c.355-360 AED c.379-384M AED c.440-450M EBITDA Margin 25.9-27.0% 25.7%-26.0% 26.4%-27.1% Taal
Slide 37: Q1 2025/26 Financial Statements
Q1 2025/26 Financial Statements IX
Slide 38: Appendix: Income Statement
APPENDIX INCOME STATEMENT Taaleem Holdings PJSC | Income Statement (AED M) Q1 2024/25 Q1 2025/26 YoY% Variance Enrolment (000s) 40.1 41.0 2.3% 0.9 Operating Revenue 306.1 369.9 20.9% 63.9 Non-operating Revenue 17.2 2.6 -85.1% -14.6 Total Revenue 323.2 372.5 15.2% 49.3 Operating Expense (165.0) (200.
Slide 39: Appendix: Balance Sheet
APPENDIX BALANCE SHEET Taaleem Holdings PJSC | Summary Balance Sheet (AED M) FY 2024/25 Q1 2025/26 YoY% Variance Property and equipment 2,040.20 2,095.99 2.73% 55.79 Investment in a joint venture (KFG) 915.80 916.74 0.10% 0.94 Goodwill & other intangible assets 314.50 312.74 -0.56% -1.76 Right of us
Slide 40: Appendix: Cash Flow Statement
APPENDIX CASH FLOW STATEMENT Taaleem Holdings PJSC | Summary Cash Flow Statement FY 2024/25 Q1 2025/26 YoY% Variance AED M Net Cash Flows from Operating Activities (35.7) (39.1) 9.6% (3.4) Net Cash Flows from Investment Activities (459.3) (49.6) -89.2% 409.6 Net Cash Flows from Financing Activities
Slide 41: Appendix
Appendix OO) Vill
Slide 42: Dual Sector Growth Led by Private Education
DUAL SECTOR GROWTH LED BY PRIVATE EDUCATION RECENT TRENDS SHAPING UAE’S EDUCATION SPACE Private K-12 Education K-12 Schools in the UAE Private K-12 Enrolment Private K-12 Enrolment in Market Size | USD BN* Private vs. Public Split** in Dubai by Curricula*** Dubai by Segment**** 10.3 16% 26% 25% CAGR
Slide 43: Key Growth Drivers: K-12 Education Market to Grow at a 2025-29 CAGR of 8.6%
KEY GROWTH DRIVERS K-12 EDUCATION MARKET TO GROW AT A 2025-29 CAGR OF 8.6% 2018-23 Student Enrolment CAGR by GCC Country* Core Drivers of the UAE’s K-12 Education Market Economic Stability and Increasing Household Continued Government Income and 6.1% Spending Affordability 3.8% Robust Population 3.8
Slide 44: Investor Relations Contact
MIR A | Newly Launched| Investor Relations Contact Nora Ghannam, MBA Head of Investor Relations nghannam@taaleem.ae +971 50 114 2365 Taaleem Investor Presentation | 44
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