American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q4 2017 Earnings Presentation
9 slides from American Public Education's earnings presentation, Feb 27, 2018
Slide 1: Education that makes a difference
Education that makes a difference FOURTH QUARTER 2017 RESULTS | FEBRUARY 27, 2018 PRESENTED BY DR. WALLACE BOSTON - PRESIDENT AND CEO MR. RICHARD SUNDERLAND, CPA – EXECUTIVE VP AND CFO MR. CHRISTOPHER SYMANOSKIE, IRC – VICE PRESIDENT OF INVESTOR RELATIONS
Slide 2: Safe Harbor Statement
PAGE 1 Statements made in this presentation regarding American Public Education, SAFE HARBOR Inc., or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and STATEMENT projections about American Public Education, Inc. a
Slide 3: Recent Results and Highlights
PAGE 2 • Enrollment stabilization at APUS remains a top priority. RECENT • The first course pass and completion rate, a measure of student persistence, for APUS undergraduate students using Federal RESULTS AND Student Aid increased by 16% for the three months ended HIGHLIGHTS November 30, 2017, comp
Slide 4: Enrollment Stabilization at APUS - A Top Priority
PAGE 3 ENROLLMENT APUS ENROLLMENT STABILIZATION: LONG-TERM PLAN STABILIZATION AT EXPAND PROGRAMS APUS - A TOP STRENGTHEN ENROLLMENT INCREASED FOCUS ON ALIGNED WITH MANAGEMENT WORKFORCE SKILLS GAP WORKFORCE DEMAND PRIORITY Key Near-Term Priorities: APUS Returning Students APUS Total Students Y/Y Chan
Slide 5: APUS: Leadership in Affordable, High Quality Offerings
PAGE 4 AFFORDABLE TUITION APUS: • According to the Department of Education’s College Affordability and Transparency Center, APUS was ranked 21st lowest in tuition and the LEADERSHIP IN 14th lowest in net price for private for-profit, four-year institutions – a net AFFORDABLE, price that is 47% less
Slide 6: Financial Results Summary Fourth Quarter 2017
PAGE 5 • Consolidated revenues decreased 1% to $78.1 million, compared to $78.6 million in the same period of 2016. FINANCIAL RESULTS • Costs and Expenses: • Instructional costs and services expenses decreased as SUMMARY a percentage of revenues to 36.7%, compared to 38.2% in the prior year period.
Slide 7: APEI Outlook First Quarter 2018
PAGE 6 First Quarter 2018 APEI OUTLOOK Approx. Y/Y Change FIRST QUARTER 2018 APUS Net course registrations1 by new students -12% to -9% APUS Net course registrations1 -5% to -3% The following statements are based on current expectations. HCN New student enrollment2 Approx. +11% These statements are
Slide 8: Empowered to Change the World
PAGE 7 EMPOWERED TO CHANGE THE WORLD DIVERSE, HIGH-DEMAND AND Potential catalysts for value creation: COMPETITIVE STRENGTH IN HIGHLY RELEVANT STRONG BALANCE SHEET AND AFFORDABLE, ASSESSABLE CURRICULUM FOCUSED ON NET CASH FROM OPERATING • Strong & growing market demand PROGRAMS WORKFORCE SKILLS ACTIV
Slide 9: Questions & Answers
PAGE 8 We prepare working adults for QUESTIONS & leadership and service through higher education. ANSWERS CONTACT: CHRIS SYMANOSKIE, IRC VP, INVESTOR RELATIONS CSYMANOSKIE@APEI.COM
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