Edu Holdings Limited · ASX:EDU
Edu — Shareholder Meeting (May 2024)
14 slides from Edu's shareholder meeting presentation, May 16, 2024
Slide 1: AGM Address and Presentation
ASX Market Release 16 May 2024 AGM Address and Presentation As required by Listing Rule 3.13.3, EDU Holdings Limited provides the following documents which will be presented at its Annual General Meeting for the year ended 31 December 2023, being held at 10.00am (Sydney time) today: • Chair’s Addres
Slide 2: Chair's Address to AGM
Chair’s Address to AGM Good morning ladies and gentlemen, My name is Gary Burg and I am the Chair of EDU Holdings Limited. Thank you for joining us this morning. I am pleased to say that we experienced an improved year in 2023, with market conditions supporting the return of international students.
Slide 3: Chair's Address to AGM (continued)
Towards the end of 2023 we brought some exceptional talent into the Group in the areas of sales and admissions. Together with our existing management team, student growth is being delivered and supported. Notwithstanding the market uncertainly, we are continuing to invest in building sales capabilit
Slide 4: FY23 Annual General Meeting: CEO Presentation & Trading Update
For personal use only FY23 ANNUAL GENERAL MEETING CEO PRESENTATION & TRADING UPDATE
Slide 5: FY23 Snapshot
FY23 SNAPSHOT For personal use only EDUCATION WITH PURPOSE $21.6m 22% $0.5m $2.0m $3.0m $1.8m $3.1m Revenue EBITDA Net loss after tax Cash at year-end 94 21 2,100 7 Permanent Staff Courses Offered Students at year- end1 Campuses + Online 1 Students in the last trimester or term of the year 2
Slide 6: FY23 Operational Highlights
FY23 OPERATIONAL HIGHLIGHTS For personal use only Higher Earnings leverage Vocational (ALG) Material latent education (Ikon) in Ikon delivered enrolments capacity remains enrolments FY23 net profit after tax rebuilding To deliver further up 44% up $1.2m on $3.7m T4’23 enrolments up operational lever
Slide 7: Well-Positioned for Tighter Market Conditions
WELL-POSITIONED FOR TIGHTER MARKET CONDITIONS International Student Commencements and For personal use only Total Enrolments in Australia – YTD Feb Strong rebound in international student enrolments and commencements post COVID Government drive to normalise net migration after unusually high FY23, w
Slide 8: Strong Start to FY24
STRONG START TO FY24 For personal use only Ikon T1’24 enrolments Annualised 1Q24 revenue run-rate of $31.2m – up 44% on FY23 up 68% 1Q24 Group ALG T2’24 revenue of $7.8m enrolments Operating leverage continuing with increased scale up 54% up 25% ALG recovering modestly – still loss making Ikon conti
Slide 9: HE (Ikon) Momentum Continuing
HE (IKON) MOMENTUM CONTINUING For personal use only Enrolment growth amplified from layering of 3-year enrolment CAGR of 39% students in newer programs - commencements and progression outstripping course completions Operational improvements, including in sales and admissions, Estimated supporting gr
Slide 10: VET (ALG) Recovery in Challenging Market
VET (ALG) RECOVERY IN CHALLENGING MARKET 5 consecutive terms of FY24 YTD NSEs up 20% on PCP however enrolment growth to T2’24 For personal use only impacted by market conditions - expected to • Smaller cohorts of remain subdued during 2024 graduating students being replaced with larger commencing co
Slide 11: FY24 Priorities
FY24 PRIORITIES For personal use only Developing a Build sales and Product development Develop a scalable platform geared admissions capability Program underway to platform towards delivering Develop international materially expand EDU’s Integrate HE and VET profitable growth education agent network
Slide 12: FY24 Outlook and Guidance
FY24 OUTLOOK AND GUIDANCE For personal use only Enrolments and revenue up Strong NSE and enrolment Continued modest recovery sharply growth to continue with commensurate revenue and Future NSE and enrolment Further operating leverage to earnings growth growth subject to changing emerge from latent c
Slide 13: Disclaimer
DISCLAIMER This presentation, dated 16 May 2024, contains unaudited data and Certain statements in this presentation constitute ‘forward-looking For personal use only results and is provided for information purposes only The information in statements’ or statements about ‘future matters’. Such state
Slide 14: Contacts
CONTACTS For personal use only Adam Davis, CEO E: adam.davis@eduholdings.com.au P: 1300 254 000 M: +61 408 400 888 Lyndon Catzel, CFO E: lyndon.catzel@eduholdings.com.au P: 1300 254 000 M: +61 414 907 384 11