Laureate Education, Inc. · NASDAQ:LAUR

Laureate Education — Investor Presentation (July 2026)

39 slides from Laureate Education's investor presentation, July 2026

  1. Slide 1: Investor Presentation

    Investor Presentation July 2026 ©2026 Laureate Education, Inc.

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation includes statements that express Laureate’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ‘‘forward-looking statements’’ within the meani

  3. Slide 3: Presentation of Non-GAAP Measures

    Presentation of Non-GAAP Measures In addition to the results provided in accordance with U.S. generally accepted accounting principles (GAAP) throughout this presentation, Laureate provides the non-GAAP measures of Adjusted EBITDA, Adjusted net income, Adjusted EPS, and total debt, net of cash and c

  4. Slide 4: Profitable Growth Opportunity

    Leading private higher- Affordable, high Attractive growth- education operator quality education oriented business across Mexico and Peru offerings enabled model with a diversified through innovative mix distinguished by Profitable university portfolio in of face-to-face, hybrid durable recurring at

  5. Slide 5: Leading Higher-Education Company

    Campus-based, Online Undergraduate, Graduate and Digital Leadership and Hybrid Learning Specialized Degree Programs Leading 50+ 75%* 40%-60% Higher-Education Campuses STEM and business disciplines online student credit hours Company Focused on Growing and Underpenetrated ~498K 33K+ ~100% Students Fa

  6. Slide 6: Socioeconomic Level & Key Differentiators

    Portfolio Approach Increases Addressable Market 5 Leading Learning Institutions in Attractive Market Segments Prestige and International Recognition • High prestige programs and full portfolio Elite • Medical school • Premium buildings and services • Sports facilities Facilities and Premium/ • Highe

  7. Slide 7: Leading University Portfolio in Mexico & Peru

    Leading University Portfolio in Mexico & Peru Enrollment Market QS StarsTM Brand Founded Segment Overall Ratings/Rankings @ 06/30/26 • Ranked Top 5 university in Mexico Premium/ 1960 124,800 Traditional • 5-Stars rated by QS Stars in categories of Mexico Universidad del Valle de México (UVM) Employa

  8. Slide 8: Digital Education is a Critical Element of Laureate's Business Model

    Digital Education is a Critical Element of Laureate’s Business Model Young Students Working Adults Delivering (18-24 years old) (24+ years old) Quality Online  Young students primarily  Leading technology, including Offerings via participate in face-to-face digital tutors offerings Synchronous  8

  9. Slide 9: Career-Focused Programs in High-Demand Fields

    Career-Focused Programs in High-Demand Fields Enrollment by Program Enrollment by Level of Study Education Other Technical / Vocational 3% 3% 5% Communication Graduate 2% 7% Law & Legal Studies Business & 7% Management 28% High School High School 8% 8% Traditional Undergraduate Architecture, 57% Art

  10. Slide 10: Leader in Health Sciences Vertical

    Leader in Health Sciences Vertical Health Sciences programs Medicine and other Free and low-cost validate institutional quality Health Sciences health clinics provide and provide a halo effect for represent 21% of our essential public health each institution student population benefits 24 Medical Sc

  11. Slide 11: Favorable Market Dynamics

    Favorable Market Dynamics ©2026 Laureate Education, Inc. 11

  12. Slide 12: Attractive Market Opportunities in Mexico and Peru

    Attractive Market Opportunities in Mexico and Peru Attractive Markets with Significant Growth Opportunities Participation rates growing and still well below developed markets Mexico Peru Combined Population 131 million 33 million 164 million Higher Education Students 5,544 2,067 7,611 (000s) Higher

  13. Slide 13: Growth in Middle Class Driving Higher Participation Rates

    Growth in Middle Class Driving Higher Participation Rates Strong Economic Incentives Significantly Underpenetrated by Participation (Average wage premium for those with a tertiary education1) (Higher education participation rates excluding Technical / Vocational2) 67% 54% 56% 55% 51% 42% 34% OECD OE

  14. Slide 14: Growth Initiatives

    Growth Initiatives ©2026 Laureate Education, Inc. 14

  15. Slide 15: Continued Growth Opportunities in Our Local Markets

    Multiple Drivers for Revenue Growth Continued Growth Opportunities Revenue Growth in Our Local Markets Pricing / Inflation (Net of Mix) Laureate Has Built a Strong Foundation Online for Revenue Growth Expansion Campus Expansion Program Expansion Volume / Market Growth ©2026 Laureate Education, Inc.

  16. Slide 16: Penetration of Campuses with Full Suite of Product Offerings

    Proven Program Expansion Model Penetration of Campuses with Full Suite of Product Offerings Proven ability to lift-and- Strong focus on Health Opportunity to capitalize Fulfills the demand for Provides a wide range of shift with successful new Sciences vertical on Mexico’s growing skilled profession

  17. Slide 17: Selective Campus Expansions in New and Existing Cities

    Selective Campus Expansions in New and Existing Cities White Space Opportunities in New Geographic Locations -- Investments in 2025 and Beyond Nationwide footprint – Extensive presence in Lima – in 15 of the 20 most populated cities in Mexico with 15 of 20 campuses located in the city Lima Universid

  18. Slide 18: Digital Learning Enables Capital Light Operating Model

    Digital Learning Enables Capital Light Operating Model Omnichannel Distribution Model Key to Unlock Incremental Growth Opportunities Laureate Fully Online Enrollments Percentage of Higher Education (in thousands) Students Enrolled in Online Classes 114 25%  Online penetration in 25% 14% Mexico and

  19. Slide 19: Financial Profile and Outlook

    Financial Profile and Outlook ©2026 Laureate Education, Inc. 19

  20. Slide 20: Strong Recurring Revenue

    Strong Recurring Revenue Long Program Length, Stable Retention, and Private Pay Model Provides Predictable Revenue Streams Long Program Length Stable Student Retention1 Private Pay Model Strong recovery from Covid-19 Public funding 4 Years 84% 80% 3% 78% 77% 76% 73% Private pay Average Program Lengt

  21. Slide 21: Strong Balance Sheet and Cash Flow Generation

    Strong Balance Sheet and Cash Flow Generation Financial Discipline and Cash Accretive Business Model Allows for Return of Excess Capital Adjusted EBITDA to Unlevered Free  ~$960M of excess Net Leverage Ratio Cash Flow Conversion capital returned to shareholders in 2022- 51% ~50% 2025 49% 42% 0.4x 

  22. Slide 22: Q2 2026 Capitalization and Return of Capital

    Strong Balance Sheet and Cash Accretive Business Model Allow For Continued Return of Capital Q2 2026 ($ in millions) Total Company Capitalization as of 06/30/26 and Return of Gross Debt $223 Capital Less: Cash & Cash Equivalents ($162) Net Debt $61  138M shares outstanding as of June 30th  Share R

  23. Slide 23: 2025 FY – Financial Summary

    2025 FY – Financial Summary FY ’25 Variance Vs. FY ’24 Notes ($ in millions) Constant (Enrollments rounded to the Results As Reported nearest thousand) Currency1 • Mexico: +5% New Enrollment 272K 8% 8% • Peru: +13% (driven by scaling of fully online programs) • Mexico +4% (5% same-store) Total Enrol

  24. Slide 24: 2026 Second Quarter – Financial Summary

    2026 Second Quarter – Financial Summary Q2 ’26 Variance Vs. Q2 ’25 Notes ($ in millions) Constant (Enrollments rounded to the Results As Reported nearest thousand) Currency1 New Enrollment 40K 13% 13% • +9% adjusted for timing of intakes Total Enrollment 501K 6% 6% • Mexico +5%, Peru +8% Revenue $61

  25. Slide 25: 2026 Q2 YTD – Financial Summary

    2026 Q2 YTD – Financial Summary Q2 YTD ’26 Variance Vs. Q2 YTD ’25 Notes ($ in millions) Constant (Enrollments rounded to the Results As Reported nearest thousand) Currency1 New Enrollment 142K 10% 10% • Mexico: +7%, Peru: +14% Total Enrollment 501K 6% 6% • Mexico +5%, Peru +8% • +7% organic/cc adju

  26. Slide 26: Outlook

    Outlook ©2026 Laureate Education, Inc. 26

  27. Slide 27: Continued Constant Currency Revenue Growth And Margin Expansion

    Continued Constant Currency Revenue Growth And Margin Expansion 2026 ($ in millions, except Adjusted EPS) (Enrollments rounded to the nearest thousand) 2026 Guidance Outlook1 Outlook Total Enrollment 518K – 523K Revenue $1,920 – $1,930 Adjusted EBITDA $593 – $599 Adjusted EPS2 $2.04 – $2.10 (1) Outl

  28. Slide 28: Strong Growth Expected for 2026

    Strong Growth Expected for 2026 Total Revenue Adjusted EBITDA +13% 15% 1,925M 596M 113M 45M +7% +9% 110M 32M +6% +6% 519M 1,702M 2025 Actuals FX Impact 1 Operational Growth 2026 Guidance 2025 Actuals FX Impact 1 Operational Growth 2026 Guidance in Constant Currency Midpoint in Constant Currency Midp

  29. Slide 29: Mission-Driven Company

    Mission-Driven Company ©2026 Laureate Education, Inc. 29

  30. Slide 30: Our Values

    Our Values Trust We work to earn and maintain the trust of all our stakeholders. Inclusiveness We create safe environments where diversity is valued. Transparency We are committed to being transparent in all we do. Integrity We do what is right and we deliver on what we promise. Performance Individu

  31. Slide 31: Delivering Measurable Outcomes for Our Students and Communities

    Delivering Measurable Outcomes for Our Students and Communities Accessible Education. Real Outcomes. Lasting Impact. Expanding Access Payback period Student Outcomes and to Education Economic Mobility 50% ~3 years 9 out of 10 Time required for graduates Graduates employed First-generation of Laureat

  32. Slide 32: Appendix

    Appendix ©2026 Laureate Education, Inc. 32

  33. Slide 33: Return of Capital Summary Since 2019

    Return of Capital Summary Since 2019 Cash Stock Distributions / ($ in millions) Buybacks Dividends Total 2019 $264 - $264 2020 $100 - $100 2021 $380 $1,375 $1,755 2022 $282 $249 $531 2023 - $110 $110 2024 $102 - $102 2025 $217 - $217 2026 YTD June $181 - $181 Cumulative Since 2019 $1,526 $1,734 $3,2

  34. Slide 34: Intra-Year Seasonality Trends

    Intra-Year Seasonality Trends Revenue Seasonality Adjusted EBITDA Seasonality 43% 42% 42% 41% 31% 31% 32% 31% 32% 39% 28% 28% 27% 24% 24% 24% 24% 31% 31% 28% 17% 17% 18% 21% 14% 19% 20% 18% 8% 8% 7% 1% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 2025 2022 2023 2024 2025 New Enrollments Seasonality Factor

  35. Slide 35: Financial Tables: Non-GAAP Reconciliations (1 of 4)

    Financial Tables Non-GAAP Reconciliations (1 of 4) The following table reconciles Net Income to Adjusted EBITDA and Adjusted EBITDA margin: For the three months ended June 30, For the six months ended June 30, (1) Represents non-cash, share-based compensation expense pursuant to the provisions IN MI

  36. Slide 36: Financial Tables: Non-GAAP Reconciliations (2 of 4)

    Financial Tables Non-GAAP Reconciliations (2 of 4) The following table reconciles Net income to Adjusted net income and Adjusted EPS: (1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income available to common shareholders, which For the three months ended June 30

  37. Slide 37: Financial Tables: Non-GAAP Reconciliations (3 of 4)

    Financial Tables Non-GAAP Reconciliations (3 of 4) The following table reconciles Net income to Adjusted net income and Adjusted EPS: (1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income For the six months ended June 30, available to common shareholders, which

  38. Slide 38: Financial Tables: Non-GAAP Reconciliations (4 of 4)

    Financial Tables Non-GAAP Reconciliations (4 of 4) The following table presents Free cash flow and reconciles Net cash flows from operating activities to Free Cash Flow for the six months ended June 30, 2026 and 2025: Note: Dollars in millions may not sum to total due IN MILLIONS 2026 2025 Change to

  39. Slide 39: ©2026 Laureate Education, Inc.

    ©2026 Laureate Education, Inc.

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