American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q1 2010 Earnings Presentation
10 slides from American Public Education's earnings presentation, May 6, 2010
Slide 1: First Quarter 2010 Investor Call
Slide: 1 Advancing at a steady click: The success of our students. The value of our approach. A M E R I C A N P U B L I C E D U C A T I O N , I N C. First Quarter 2010 Investor Call
Slide 2: Safe Harbor Statement
Slide: 2 Statements made in this presentation regarding American Public Education, or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education and the industry. These forward-l
Slide 3: A Successful Start to 2010
Slide: 3 A Successful Start to 2010 Total student enrollment increased 42% to 70,600 students as of 3/31/2010 Net course registrations increased 39% Net course registrations from new students increased 26% Robust revenue and earnings growth in first quarter 2010 Revenues increased 43% to $47.3 milli
Slide 4: Steadily Advancing Our Strategic Plan
Slide: 4 Body: Manage robust top line growth while enhancing academic quality Continue to improve retention rates and driving higher customer satisfaction Implement new, state-of-the-art learning management system (LMS) Launch new degree programs and specializations in 2H2010 Serve and expand our re
Slide 5: Financial Overview
Slide: 5 Financial Overview
Slide 6: Increased Operating Efficiency
Slide: 6 Increased Operating Efficiency
Slide 7: Strong Balance Sheet with No Debt
Slide: 7 Strong Balance Sheet with No Debt As of March 31, 2009 2010 Cash & Cash Equivalents Total Assets Total Long-Term Debt Depreciation and Amortization CAPEX ($ in millions) $74.9 $115.8 $0 $85.5 $127.7 $0 $1.3 $1.4 $1.8 $3.7 Three Months Ended March 31, 2009 2010
Slide 8: Outlook: Full Year 2010
Slide: 8 Outlook: Full Year 2010 Net course registration growth 35% to 38% Revenue growth 36% to 39% Net Income growth 36% to 39% On Track to Achieve Long-Term Outlook The following statements are based on current expectations. These statements are forward-looking and actual results may differ mater
Slide 9: Strong Track Record For Delivering High Growth
Slide: 9 Revenues In millions Income from operations before interest income and income tax In millions 2010e represents the midpoint of APEI’s full year outlook range. (1) Excludes a $3.1 million write-off of capitalized software development costs in 2006. Net Course Registrations In thousands Stron
Slide 10: First Quarter 2010 Investor Call
Slide: 10 Advancing at a steady click: The success of our students. The value of our approach. A M E R I C A N P U B L I C E D U C A T I O N , I N C. First Quarter 2010 Investor Call
American Public Education — Q1 2010 Earnings Presentation on 6ix