EDU Holdings Limited · ASX:EDU
EDU — UCW — FY2017 Earnings Presentation
11 slides from EDU's earnings presentation, August 2017
Slide 1: Full Year Results for the Year Ended 30 June 2017
ASX: UCW FULL YEAR RESULTS FOR THE YEAR ENDED 30 JUNE 2017
Slide 2: About UCW
ABOUT UCW 1. Fee-for-service education provider with international student market focus 2. Vision to be a ‘multi-sector’ provider - Vocational, Higher Education, Professional 3. Strategy to grow both organically and via acquisition 4. Experienced board and management with successful track record in
Slide 3: Company Overview
COMPANY OVERVIEW Number % Diluted 53% Others Ordinary shares 398,272,889 81% 47% Options* 93,524,115 19% Board and Management Fully diluted 491,797,004 100% ORDINARY $m SHARES Market capitalisation 19.1 ($0.048 per share) Cash balance 3.8 Debt balance (1.5) *18,750,000 Options exercisable at $0.039
Slide 4: Current Portfolio
CURRENT PORTFOLIO Acquired Acquired Acquired Mar 2016 Jan 2017 Jul 2017 ● Niche international student provider ● Acquired as an add-on to ALG ● 24.6% strategic stake acquired for in fields of Fitness, Massage $5.9m, 75% in cash and 25% in ● Broadens ALG’s course offering into Therapy, Sport and Recr
Slide 5: Results Summary
RESULTS SUMMARY H2’17 H1’17 FY17 $’000 $’000 $’000 ALG/4LIFE* International student revenue 4,571 3,412 7,983 ● Revenue up 38.9% in H2’17 v H1’17 - driven by Total revenue 5,749 4,138 9,887 growth in international student enrolments and Cost of sales (2,784) (1,906) (4,690) acquisition of 4Life Gros
Slide 6: International Student Enrolments
INTERNATIONAL STUDENT ENROLMENTS International student enrolments by term, by field of study 1,500 FY17 growth: 1,127 up 35.7% Fitness 3-year CAGR: 31.6% ! 1,400 Massage Sport & Recreation Management 1,300 Dance Community Services (4Life courses)* 1,200 ● Strategy to broaden course offering and 1,10
Slide 7: Key Business Drivers
KEY BUSINESS DRIVERS OUTLOOK FY17 International student enrolments Continued strong growth, supported by broadening of course offering via 4,288 4Life acquisition (rollout will commence in H2’18) Average revenue per international enrolment Price increase of 6.7% implemented effective 1 July 2017 for
Slide 8: Growth Focus
GROWTH FOCUS ACTIVELY PURSUING CONTINUED INVESTMENT ACQUISITION OPPORTUNITIES IN OPERATING BUSINESS Sector expansion Product development Product offering Administrative efficiency Campus locations / capacity Building management depth Distribution Integration of acquisitions INTERNATIONAL STUDENT MAR
Slide 9: Board and Executives
BOARD AND EXECUTIVES Adam Davis Gary Burg Chief Executive Officer Non-Executive Chairman Adam Davis has extensive experience in the education sector as founder Gary has been involved with Global Capital Group since 1995 in South Africa and CEO of formerly ASX-listed Tribeca Learning Limited. Under A
Slide 10: Contact Details
CONTACT DETAILS Adam Davis Lyndon Catzel Chief Executive Officer Chief Financial Officer E: adam@ucw.com.au E: lyndon@ucw.com.au P: +61 2 9112 4541 P: +61 2 9112 4540 M: 0408 400 888 M: 0414 907 384 10
Slide 11: Limited
LIMITED