Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — UBS Global Technology and Services Conference (June 2010)
22 slides from Perdoceo Education's conference presentation, Jun 8, 2010
Slide 1: UBS Global Technology and Services Conference
Career Education Corporation June 8, 2010 Copyright Career Education Corporation 2010 Exhibit 99.1 UBS Global Technology and Services Conference
Slide 2: Mike Graham, EVP and Chief Financial Officer
Mike Graham Executive Vice President and Chief Financial Officer Copyright Career Education Corporation 2010
Slide 3: Career Education Overview
Career Education Overview Purpose: To change lives through education. Purpose: To change lives through education. Bachelors 28% Masters 4% Certificate 24% Associates 44% 21 to 30 43% Under 21 16% Over 30 41% Students by Degree Type Students by Age *Demographics as of December 31, 2009 *Student Popul
Slide 4: Career Education: Diversified Institutions
Career Education: Diversified Institutions Population 66,700 28,200 12,200 9,500 % Online 70% <1% <1% # of Campuses Accreditation Regional National National Program Emphasis Business, IT Health, Design, Protective Health Culinary Business, Design Bachelors Masters Certificate Associates University T
Slide 5: 2009: A Watershed Year
2009: A Watershed Year 2007-2008 2009 Recognize > Redefine > Reach Strengthen foundation Accelerate growth 2005 2006 2007 2008 2009 Revenue +11% “Watershed” : “…an important point or transition between two phases, conditions, etc.”
Slide 6: Results…
Results… 2007 2008 2009 Operating Income +75% In Millions Student Population 2007 2008 2009 +19%
Slide 7: Continued Momentum in First Quarter 2010
Continued Momentum in First Quarter 2010 • Revenue increased 22% • Operating income increased 72% • Earnings per share increased 154% …results position us well for the balance of the year Achieved Record Student Population Levels Achieved Record Student Population Levels 117,000 +24%
Slide 8: Career Education: Path Forward
Career Education: Path Forward 2007-2008 2009 2010+ Recognize > Redefine > Reach Next Level • Focus • Growth Strengthen foundation Accelerate growth
Slide 9: Well Positioned in Key Segments
Well Positioned in Key Segments University Career- focused International Largest Future Opportunities • Significant online presence • Presence in high- demand programs • Strong position in largest growth programs • Premier brands in niche markets TM TM
Slide 10: Enablers for Growth: Continued Focus on Quality Outcomes
University Career- focused Enablers for Growth: Continued Focus on Quality Outcomes 42% Graduation Rate /1 73% Placement Rate /2 57% Graduation Rate /1 81% Placement Rate /2 A Simplified View of Complicated Metrics /1: Based on internal data available of students who graduated within 150% of the pro
Slide 11: New Programs: Accelerate Development
New Programs: Accelerate Development • CEC institutions expect to significantly increase 2010 new program introductions Transplant existing programs within institutions Augment current program areas Enter new program areas Expand into higher degrees • Developed 3-year Pipelines 2008 2009 2010 Est Nu
Slide 12: Simpro / Virtual Trainer
Simpro Svirtual trainer
Slide 13: Technology: Innovative Learning Options
Technology: Innovative Learning Options University • Flexible learning model to suit learner’s preference TM Health • Simpro online simulators for cognitive skills training
Slide 14: Geographic Expansion: Health Education
Geographic Expansion: Health Education • Measured expansion into new markets 6 to 8 new campuses per year • Externship-driven • Disciplined real estate approach • Program extensions into higher degrees leveraging regional accreditation 2008 2009 2010 Est. 40 - Number of Health Campuses
Slide 15: 2010 Short-term Milestones
2010 Short-term Milestones - 2010 Student Population Growth 15%+ Revenue Growth 15%+ Operating Income Growth 40%+ Annual Growth 2010+ Next Level • Focus • Growth • Value
Slide 16: Short-term Milestones - 2010 International
Short-term Milestones - 2010 International 8-10% Low 20’s% Annual Revenue Growth 2010 Target Operating Margin TM TM
Slide 17: 2011 - 2014 Long-term Milestones
2011 - 2014 Long-term Milestones Student Population Growth 8-10% Revenue Growth 8-10% Operating Income Growth 15-20% Annual Growth 2010+ Next Level • Focus • Growth • Value
Slide 18: Long-term Milestones International
Long-term Milestones International 8-10% Low 20’s% Annual Revenue Growth 2014 Target Operating Margin TM TM
Slide 19: Continue to Generate Strong Cash Flow
Continue to Generate Strong Cash Flow 2007 - 2009
Slide 20: Uses of Cash
• Remain committed to returning excess cash to shareholders • $306 million total authorization as of April 30, 2010 $85 million in 2010 • Health Education Start-Ups • Chicago-area Real Estate consolidation • Culinary Real Estate optimization • Maintain appropriate ED ratios • Disciplined approach to
Slide 21: CEC Strategic Summary
CEC Strategic Summary $3 Billion in 2014 Revenue 1Million Graduates Outstanding Share Price Growth $3 Billion in 2014 Revenue 1Million Graduates Outstanding Share Price Growth Growth Growth Strong Market Trends Enhance Program Development Investment in Leading IT Platform Utilize Scale & Resources A
Slide 22: Thank You!
Thank You! Copyright Career Education Corporation 2010 Thank You!
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