National Co. For Learning & Education · TADAWUL:4291
National Co. For Learning & Education — National Company for Learning and Education — Q2 2024 Earnings Presentation
40 slides from National Co. For Learning & Education's earnings presentation, 2024
Slide 1: Investor Presentation Q2 2024
WwW caulallg ayyil Gui! spi Pe, ar INVESTOR PRESENTATION Q2 2024
Slide 2: Disclaimer
Disclaimer Information contained in this document is subject to change without further notice and it may not contain all material information concerning National Company for Learning and Education and its subsidiaries (the Company). The Company is not liable or responsible of accuracy of referenced
Slide 3: NCLE Overview
caulaillg auyill aubgll asp NATIONAL COMPANY FO8 LFARNING R FDLICATION
Slide 4: NCLE is celebrating its 66th anniversary since its inception in 1958
NCLE is celebrating its 66th anniversary since its inception in 1958 66 Years 13 28.2 k 37.4 k 3K 6 4 14% CAGR SAR 1.3 Billion 16% SAR 70.9 M 5% 4
Slide 5: Enrolled students grew to 28.2k in Q2 2024 compared to 23.4k in Q2 2023
Enrolled students grew to 28.2 k in Q2 2024 compared to 23.4 k in Q2 2023 Establishment Location Owned / Leased Curriculum Optimal Capacity Enrolled Students Utilization 37,365 Student 28,157 Student %75 Of Optimal Capacity Diversified Offering 5
Slide 6: Enrollments 2023/2024
2023/2024 Enrollments
Slide 7: Al-Rayyan School Campus Highlight
Al-Rayyan School Campus Highlight National 2024 4,452 MEIA 2023 3,804 +17% 2022 3,263 7
Slide 8: Al-Rawabi School Campus Highlight
Al-Rawabi School Campus Highlight National 2024 4,155 International 2023 3,800 +9% 2022 3,374 8
Slide 9: Al-Nozha School Campus Highlight
Al-Nozha School Campus Highlight National 2024 3,346 MEIA 2023 2,987 +12% 2022 2,564 9
Slide 10: Qurtubah School Campus Highlight
Qurtubah School Campus Highlight National 2024 1,263 International 2023 1,034 +22% 2022 723 10
Slide 11: Buraidah School Campus Highlight
Buraidah School Campus Highlight National 2024 2,038 International 2023 1,565 +30% 2022 894 11
Slide 12: Al-Khwarizmi School Campus Highlight
Al-Khwarizmi School Campus Highlight National 2024 1,193 2023 1,174 + % 2022 1,132 12
Slide 13: Al-Ghad – (King Abdullah district) School Campus Highlight
Al-Ghad – (King Abdullah district) School Campus Highlight National 2024 1,690 2023 1,686 2022 1,594 13
Slide 14: Al-Qairwan School Campus Highlight
Al-Qairwan School Campus Highlight National 2024 3,924 International 2023 3,247 +21% 2022 2,310 14
Slide 15: Al-Aridh National School Campus Highlight
Al-Aridh National School Campus Highlight National 2024 2,376 2023 1,599 +49% 2022 941 15
Slide 16: Al-Dhahran School Campus Highlight
Al-Dhahran School Campus Highlight International 2024 846 2023 394 +115% 16
Slide 17: Al-Salam School Campus Highlight
Al-Salam School Campus Highlight National 2024 1,486 -3.7% 2023 1,543 2022 1,450 17
Slide 18: Al-Ghad - AlQairwan School Campus Highlight
Al-Ghad - AlQairwan School Campus Highlight National 2024 385 18
Slide 19: Al-Aridh International School Campus Highlight
Al-Aridh International School Campus Highlight International 2024 1,003 2023 571 +76% 2022 346 19
Slide 20: Operational Updates
Operational Updates
Slide 21: NCLE students excelled in 2023 academic year
NCLE students excelled in 2023 academic year 21
Slide 22: MEIA has played a pivotal role in championing the growth strategy for Al-Nozha and Al-Rayyan
MEIA has played a pivotal role in championing the growth strategy for Al-Nozha and Al-Rayyan Contributed to utilization growth over the years Al-Rayyan Al-Nozha 01. Delivered strong financial results 02. Al-Rayyan Al-Nozha Driving growth going forward 03. 77 % 28 % Al-Nozha Al-Rayyan 22
Slide 23: Al-Salam School flourished financially within a year post-acquisition
Al-Salam School flourished financially within a year post-acquisition Average tuition fees was increased in 23/24 01. Efficiency improved as student to staff ration increased 02. Financial performance flourished as net profit soared 03. 23
Slide 24: Strategic tuition and capacity adjustment has driven Qurtubah 1 growth trajectory
Strategic tuition and capacity adjustment has driven Qurtubah 1 growth trajectory Average tuition fees was increased in 23/24 01. Optimal capacity increased from 1,050 students to 1,280 students 02. Enrollment increased despite tuition fees hike 24
Slide 25: Al-Aridh 1 School remained unaffected after relocating international curriculum students
Al-Aridh 1 School remained unaffected even after relocating international curriculum students to the new facility, Al-Aridh 2 Enrollment 01. 02. 25
Slide 26: Financial Outlook
Financial Outlook
Slide 27: NCLE recorded its highest earning in Q2 2024
NCLE recorded its highest earning in Q2 2024 28.2 K SAR 281.7 M SAR 103.4 M +21% Growth +29% Growth +37% Growth SAR 65.1 M 1.51 SAR 23.1% +22% Growth +22% Growth -1.3 % Decline 27
Slide 28: NCLE maintained healthy financial growth in Q2 2024
NCLE maintained healthy financial growth in Q2 2024 Revenues Students Numbers SAR M Thousands Government Grants & Gross Profit /EBITDA/Net Subsidies Profit SAR M SAR M 28 6 Months
Slide 29: NCLE maintained healthy financial growth in Q2 2024
NCLE maintained healthy financial growth in Q2 2024 Accounts Receivable Dividendes & Payout Days Ratio Days Dept / Equity Margins Percentage Percentage 29 6 Months
Slide 30: NCLE campuses experienced healthy financial growth
NCLE campuses experienced healthy financial growth Revenue By Campus Gross Margin by Campus Al-Ghad - Al-Aridh Al-Aridh Al-Ghad – Al- Campuses Al-Rayyan Al-Rawabi Al-Nozha Qurtubah Buraidah Al-Qairwan Al-Khwarizmi King Al-Dhahran National International Qairwan Abdullah Revenue 43,582,910 40,866,343
Slide 31: NCLE Growth Drivers
NCLE Growth Drivers
Slide 32: External factors / Internal factors
Student population grew by 5% CAGR in Riyadh population is expected to reach the last 5 years in KSA 15 million by 2030 External factors 6.6 5.8 6 5.2 4.8 19/20 20/21 21/22 22/23 23/24 Internal factors Rising female workforce participation is set to Premium Residency and Regional HQs is key drive gr
Slide 33: External factors / Internal factors
Private school penetration rate is the highest in This year, the private education market grew by 13% its history led primarily by national curriculum growth External factors 15% 16.5% 450 420 530 620 22/23 23/24 Internal factors Private education market in KSA is still Vision 2030 sets targets to u
Slide 34: External factors / Internal factors
External factors TNS – Buraidah TNS–Al-Qairwan TNS – Al-Aridh Internal factors Establishment : Establishment : Establishment : Optimal Capacity : Optimal Capacity : Optimal Capacity : 3,000 Utilization : Utilization : Utilization : TNIS – Dhahran TNIS – Al-Aridh Al-Ghad – Al-Qairwan Establishment :
Slide 35: External factors / Internal factors
External factors Internal factors 35
Slide 36: External factors / Internal factors
External factors Internal factors 36
Slide 37: External factors / Internal factors
External factors Internal factors 37
Slide 38: External factors / Internal factors
External factors Internal factors 38
Slide 39: Q&A
Q&A 39
Slide 40: Thank You..
wW ALsillg ayyill GyilogIl Asyiull Tara ecaananY FO LEASING BL EDUCA OM Thank You..
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