Kindercare Learning Companies, Inc. · NYSE:KLC

Kindercare Learning Companies — Q1 2026 Earnings Presentation

14 slides from Kindercare Learning Companies's earnings presentation, May 14, 2026

  1. Slide 1: Earnings Results 1st Quarter, 2026

    Earnings Results 1st Quarter, 2026 MAY 2 0 2 6

  2. Slide 2: Forward Looking Statement Disclaimer

    Forward Looking Statement Disclaimer FORWARD-LOOKING STATEMENTS AND OTHER INFORMATION This presentation (including the verbal information and discussion relating to these materials) contains “forward-looking statements” within the meaning of, and made pursuant to, the safe harbor provisions of the U

  3. Slide 3: First Quarter FY26 Business Highlights

    First Quarter FY26 Business Highlights Expansion strategy continues driving Improved inquiry and stronger conversion, 1 Champions Growth performance at Champions with 17% 3 Crème Momentum while showing positive momentum with year over year revenue growth. enrollments in our youngest classrooms. Seei

  4. Slide 4: Key Performance Metrics

    Key Performance Metrics April 4, 2026 March 29, 2025 Total Centers and Sites Count Early childhood education centers 1,606 1,582 Early childhood education centers Total Before- and after-school sites 1,159 1,038 January 3, 2026 1,601 Total centers and sites 2,765 2,620 Acquired 2 Three Months Ended

  5. Slide 5: Strength Outside Core Enrollment Supporting Overall Revenue Performance

    Strength Outside Core Enrollment Supporting Overall Revenue Performance Revenue ($M) (1) (2) Adjusted EBITDA ($M) (1) (2) +0.6% (37.7)% $700.1 $83.6 $82.4 $688.1 $676.8 $672.5 $668.2 $67.7 $66.4 $52.1 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 ECE (3) $615.0 $647.7 $627.0 $628.2 $610.2 TTM $3

  6. Slide 6: Building Future Growth Through Disciplined Platform Investment

    Building Future Growth Through Disciplined Platform Investment Total Centers and Sites(1) Average Weekly FTEs (000’s)(2) 144.1 149.0 +5.5% 140.5 135.9 139.8 2,733 2,754 2,765 2,620 2,632 1,138 1,153 1,159 1,038 1,043 1Q25 2Q25 3Q25 4Q25 1Q26 NCOs (3) and Tuck-in Acquisitions 12 13 1,582 1,589 1,595

  7. Slide 7: Organic Performance Resilient Against Enrollment Headwinds

    Organic Performance Resilient Against Enrollment Headwinds Same-Center Revenue ($M) (1)(2) Same-Center Occupancy (1) (1.2)% (310) bps $637.7 71.0% $606.4 $616.9 $617.8 69.1% $599.0 67.0% 66.0% 64.5% 1Q25 2Q25 3Q25 4Q25 1Q26 1Q25 2Q25 3Q25 4Q25 1Q26 Same-center revenues were supported by the addition

  8. Slide 8: Debt and Liquidity Summary

    Debt and Liquidity Summary Liquidity Profile ($M) (3) • Ample liquidity to execute strategic growth plan Revolver availability $262.5 • No material near-term debt maturities • Corporate/Issuer ratings: B2/B+ Less outstanding letters of credit (72.8) Plus unrestricted cash 132.9 Liquidity $322.6 Leve

  9. Slide 9: Fiscal Year 2026 Guidance Summary

    Fiscal Year 2026 Guidance Summary Revenue Adjusted EBITDA Adjusted EPS $2.7 - $2.75 Billion $215 - $235 Million $0.15 - $0.25 Supporting Growth Assumptions (% Year over Year Revenue Growth Contributions) Occupancy New Center Openings (NCOs) ~(3%) ~0.5% Tuition Tuck-in Acquisitions ~3% ~0.5% B2B/Cham

  10. Slide 10: Appendix / Reconciliations

    Appendix / Reconciliations

  11. Slide 11: Resilient Subsidy Funding with Consistent Growth and Strong Bipartisan Support

    Resilient Subsidy Funding with Consistent Growth and Strong Bipartisan Support (1) CCDF Funding, $B 14.66 14.79 13.65 11.24 11.47 10.31 10.61 10.30 9.18 7.86 7.95 7.31 7.39 7.31 7.45 7.54 7.16 7.16 7.16 7.22 6.84 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20

  12. Slide 12: Income Statement

    Income Statement (In thousands, except per share data) Three Months Ended April 4, March 29, 2026 2025 Revenue $ 672,522 $ 668,244 Costs and expenses: Cost of services (excluding depreciation and impairment) 550,923 516,188 Depreciation and amortization 31,077 29,977 Selling, general, and administra

  13. Slide 13: TTM Adjusted EBITDA Reconciliation

    TTM Adjusted EBITDA Reconciliation (In thousands) Three Months Ended(1) April 4, January 3, September 27, June 28, March 29, December 28, September 28, June 29, 2026 2026 2025 2025 2025 2024 2024 2024 Net (loss) income $ (289,832) $ (177,175) $ 4,550 $ 38,588 $ 21,157 $ (133,583) $ 13,959 $ 28,535 A

  14. Slide 14: Statement of Cash Flows and Free Cash Flow Reconciliation

    Statement of Cash Flows and Free Cash Flow Reconciliation (In thousands) Three Months Ended April 4, March 29, 2026 2025 Cash provided by operating activities $ 31,058 $ 98,444 Cash used in investing activities (28,651) (28,388) Cash used in financing activities (2,832) (1,097) Net change in cash, c

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