Taaleem Management Services S.a.e · EGX:TALM
Taaleem Management Services S.a.e — Taaleem Management Services — Q1 2024/25 Earnings Presentation
46 slides from Taaleem Management Services S.a.e's earnings presentation, January 2025
Slide 1: Investor Presentation Q1 2024/25
Investor Presentation Q1 2024/25
Slide 2: Disclaimer
Disclaimer This document has been prepared by Taaleem Management Services and contains certain forward-looking statements that reflect the current views of the Company’s management, which have not been independently verified. They are based on the assumptions of the Management and involve known and
Slide 3: Table of Contents
4 Taaleem Snapshot 6 Fertile Growth Environment TABLE OF CONTENTS 14 A Closer Look at Taaleem 25 Stock Information 26 ESG 30 Financial Performance 35 Latest Events 41 Appendix
Slide 4: Taaleem Snapshot
Taaleem Snapshot
Slide 5: Taaleem – Egypt's Leading Pure Play Higher Education Platform
Taaleem – Egypt’s Leading Pure Play Higher Education Platform About Taaleem operates a platform-based business model built on three operational pillars designed to be sustainably scalable across multiple assets and generate shared value between the Company and the community. The platform’s centraliz
Slide 6: Fertile Growth Environment
Fertile Growth Environment
Slide 7: Macroeconomic Indicators (1/4)
Macroeconomic Indicators (1/4) Population (mn) Demographic Profile - 2023 108 106 8.0% Age 0-9 6% 3% 106 104 Age 10-19 8% 21% 104 102 6.0% 102 101 Age 20-29 100 99 4.0% 97 2.4% Age 30-39 12% 98 1.8% 1.7% 1.4% 1.4% Age 40-49 96 2.0% 94 2.0% Age 50-59 20% 92 0.0% Age 60-69 14% 2018 2019 2020 2021 2022
Slide 8: Macroeconomic Indicators (2/4)
Macroeconomic Indicators (2/4) Real GDP Growth 8% 6.7% 7% 5.7% 5.3% 5.5% 5.6% 6% 5.1% 5.2% 5% 4.3% 4.2% 4.1% 3.6% 3.8% 4% 3.3% 2.7% 3% 2% 1% 0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025f 2026f 2027f 2028f 2029f Source: International Monetary Fund (IMF) CBE Discount Rate 30% 27.8% 25% 21.8% 1
Slide 9: Macroeconomic Indicators (3/4)
Macroeconomic Indicators (3/4) Average USD/EGP 55 47.6 48.6 49.6 50 45 40 35.7 35 29.6 30.9 30.9 30.9 30 23.2 25 18.6 19.2 20 15.7 15.7 15.7 15.7 15.8 16.1 15 Source: Central Bank of Egypt (CBE) Core Inflation (YoY) 50% 41.0% 39.5% 39.7% 40% 34.2% 33.7% 27.1% 25.0% 30% 24.5% 23.2% 18.0% 20% 14.6% 10
Slide 10: Macroeconomic Indicators (4/4)
Macroeconomic Indicators (4/4) Student-Age Population - 2023 (% of Total) No. of Universities/mn Population - 2023 35% 30.7% 3.5 3.0 30% 25.8% 27.2% 3.0 2.6 24.6% 25% 22.7% 2.5 2.3 20.8% 20.8% 18.2% 2.0 20% 14.8% 14.5% 15% 1.5 1.2 1.2 0.7 0.8 10% 1.0 0.5 0.6 0.4 5% 0.5 0% 0.0 Qatar Hungary China Kuw
Slide 11: Sector Highlights (1/3)
Sector Highlights (1/3) Higher Education Market (Students, 000’s) Private Higher Education (Students, 000’s) 400 • The higher education sector 365 is growing at a healthy rate 350 Number of Students 3,760 284 (4-yrs CAGR of 3.0%), with 3,693 300 4,000 3,339 3,424 3,495 private higher education, 250
Slide 12: Sector Highlights (2/3)
Sector Highlights (2/3) Higher Education New Intake (Students, 000’s) Private Higher Education New Intake (Students, 000’s) 160 140 140 Number of New Intake 1,200 1,006 120 Thousands 938 1,000 857 877 858 96 Students 100 800 33.4% Number of New Intake 24.5% 25.6% 30.6% 34.3% 80 600 5.2% 5.6% 13.9% 5
Slide 13: Sector Highlights (3/3)
Sector Highlights (3/3) Total High School Students (000’s) Private High School Students (000’s) 500 468 426 Number of Private High 400 375 337 School Students Number of High School 2,500 2,124 2,239 1,916 2,009 292 1,819 300 2,000 20.9% 16.0% 17.6% 18.7% 20.0% Students 1,500 200 1,000 79.1% 84.0% 82
Slide 14: A Closer Look at Taaleem
A Closer Look at Taaleem
Slide 15: Our Robust Business Model Ensures Sustainable Scalability
Our Robust Business Model Ensures Sustainable Scalability Shareholders Board of Directors Executive Management Supporting Financial & Operational Excellence Enabling Functions Functions Control/Optimization Synergy Extraction Cost Efficiencies Quality Control Drive strategy/operations through Shared
Slide 16: A Leadership Team of the Highest Caliber
A Leadership Team of the Highest Caliber Mohamed El Rashidi Khaled Khater Solafa Goueli Hossam Shoushan Ahmed El-Hakim Nehal Ahdy Managing Director & Chief Chief Financial Officer Director of Academic Development & Group IT Director Head of Engineering & Marketing & Public Executive Officer Internat
Slide 17: Significant Milestones Across the Years
Significant Milestones Across the Years • In 2015, the founding Investors of Taaleem • Introduced Aptech English and Management Services entrusted Mohamed Computer courses at NUB’s Learning El Rashidi to develop and lead the company Resource Center, which was established as its Managing Director & C
Slide 18: Significant Milestones Across the Years
Significant Milestones Across the Years • Partnered with PHD to build a • Received presidential decree for Arts University in Badya City & Architecture and launched Arts in • Launched Physiotherapy Faculty at AY 22/23. NUB, with a total investment of EGP • Signed binding documents to acquire 48.4mn
Slide 19: Significant Milestones Across the Years
Significant Milestones Across the Years • Badya University’s official launch • Received the Presidential Decree to establish Memphis University • Received the Cabinet’s approval for the Faculties of Nursing & Medical Sciences • NUB increased the intake quota for the faculties of Medicine and Compute
Slide 20: Enrollment Update
Enrollment Update Taaleem Group AY 2023/2024 AY 2024/2025 Taaleem Group AY 2023/2024 AY 2024/2025 Registered Students: 9,213 12,251 NUB Operating Faculties 9 9 Utilization 69% 53% NUB Licensed Faculties 10 12 Number of Operating Universities 1 2 Number of Operating Faculties 9 14 Badya Operating Fac
Slide 21: Our Assets - Nahda University in Beni Suef
Our Assets - Nahda University in Beni Suef Upper Egypt’s First and Largest Private University 9 Operating Faculties 100% Owned by 15,850 Current Student 2 New Faculty & Academic Partnership QS University Rating of 190K SQM in Beni-Suef 4/5 12 Licensed Faculties Taaleem Capacity Hospital Set to Launc
Slide 22: Badya University
Badya University Top-Tier Private University 5 Operating Faculties 60% owned by Taaleem 7,150 Current Student Academic International Launched in Fully Licensed 167K SQM in West Cairo 7 Licensed Faculties 40% owned by Palm Hills Capacity Partnerships 2024-25 Development Roadmap Received MHUC Approval
Slide 23: Memphis University
Memphis University A Unique Value Proposition Planned to operate in 7,800 Planned Student Academic International 32% owned by Taaleem 80K SQM in East Cairo 6 Planned Faculties 2025-26 Capacity Partnerships Development Roadmap MHUC Approval SCPU Approval Cabinet Approval Presidential Decree Received
Slide 24: Growth Prospects
Growth Prospects A Pipeline of Growth Opportunities Higher Education Landscape Led by the industry’s highest Taaleem is positive about the sector prospects and believes that this is the right time to focus on caliber, Taaleem is able to growth to fortify its position as Egypt’s leading pure-play hig
Slide 25: Stock Information
Stock Information Listed on the Egyptian Stock Exchange (EGX) April 2021 Ticker TALM.CA Number of Shares Outstanding 730,250,000 Market Capitalization (EGP, as of 15 January 2025) 7,660,322,500 Shareholder Structure (as of 31 December 2024) Main Shareholders & Free-Float Free Float by Type Free Floa
Slide 26: ESG
ESG
Slide 27: Giving Back to the Community
Giving Back to the Community Social Initiatives and Diversity and Inclusion Initiatives Corporate Governance Community Engagement Over 32 medical convoys to rural villages, providing dental care and medical support Female Taaleem Staff 51% Board Meetings in FY 2024 5 Thousands of dental treatments f
Slide 28: Corporate Governance Framework
Corporate Governance Framework Board Mandate The Board manages the Company’s affairs, which include setting and defining the strategic objectives of the Company as well as overseeing its execution. It also monitors the performance of the executive management and ensures the effectiveness of the Comp
Slide 29: Board of Directors
Board of Directors Ahmed Badreldin Mohamed El Rashidi Hisham Gohar Yassin Mansour Executive Member – Non-Executive Vice Non-Executive Non-Executive Chairman Chairman Managing Director Member Hazem Badran Tarek Tantawy Youssef Haidar Samia Elbaroudy Non-Executive Member Non-Executive Member Non-Execu
Slide 30: Financial Performance
Financial Performance
Slide 31: Financial Indicators (1/2)
Financial Financial Indicators Indicators (1/2) (1/2) Revenue (EGP mn) EBITDA (EGP mn) Sustained Revenue Growth with 50.7% 37.5% Strong Profitability and Operational 800 200% Efficiency 1,400 1,211 673 180% 700 1,200 160% 600 • Total Revenue reached EGP 591mn, 1,000 140% 500 120% reflecting a robust
Slide 32: Financial Indicators (2/2)
Financial Indicators (2/2) Working Capital (EGP mn) CAPEX (EGP mn) 150 130 2,500 2,258 507% 100 57 452% 2,000 50 397% - 342% 1,500 (4) 287% (50) 1,000 842 232% (100) 177% (83) (150) 369 447 500 298 186% 122% 190 172 (200) (170) 67% 112% 94% 76% (207) - 42% 29% 48% 12% (250) (236) FY 19/20 FY 20/21 F
Slide 33: Operational Indicators
Operational Indicators Enrolled Students Student Capacity 30,000 24,000 Number of Seats 25,000 Number of Students 14,000 12,251 12,000 20,000 9,213 10,000 4104 13,350 6,913 15,000 11,350 12,350 8,000 6,273 6,137 2,685 11,035 5,577 6,000 916 1,868 10,000 7,685 1,292 1,760 51% 4,000 8,147 69% 6,528 5,
Slide 34: Performance Outlook
Performance Outlook FY 2023 FY 2024 Q1 2025 Actual Actual Actual Revenue Growth YoY 21% 62% 51% 56% 60% 37% EBITDA Margin (%) *Adjusted EBITDA: 66% *Adjusted EBITDA: 39% *Adjusted EBITDA: 57% Operational 2% 2% 1% CAPEX/Sales (%) Growth 186% 75% 117% CAPEX/Sales (%) ** *EBITDA is adjusted for ESOP ex
Slide 35: Latest Events
Latest Events
Slide 36: Highlights of the Main Events During the Past 12 Months
Highlights of the Main Events During the Past 12 Months AY 23/24 Enrollment Update Oct 26 On October 26,2023, Taaleem announced that the enrollment for the AY of 23/24 at NUB is progressing strongly. The number of registered students for the ongoing year has increased NUB's student base by 33% to re
Slide 37: Highlights of the Main Events During the Past 12 Months
Highlights of the Main Events During the Past 12 Months Mar 20 The Cabinet Approves Memphis University’s File On July 03, 2024, Taaleem announced the completion of the licensing process for Memphis University, Taaleem’s third asset located in East Cairo. This milestone follows the issuance of the pr
Slide 38: Latest Achievements
Latest Achievements NUB received the presidential decree to establish two new faculties, namely Nursing and Medical Sciences. 38 Taaleem | Presentation 38
Slide 39: Latest Achievements: Badya University Officially Launched
Latest Achievements Badya University Officially Launched Taaleem | Presentation 39
Slide 40: Latest Achievements
Latest Achievements • Memphis University Completed its Licensing Process. • The construction of Phase 1 is progressing steadily, with the Faculty of Medicine expected to launch in September 2025. Taaleem | Presentation 40
Slide 41: Appendix
Appendix
Slide 42: CAPEX Breakdown
CAPEX Breakdown 2,258 893 298 369 447 190 172 2020 2021 2022 2023 2024 Q1 2024 Q1 2025 • EGP 98.8mn allocated to • EGP 109mn allocated to • EGP 186.9mn allocated to • EGP 62.7mn allocated to • EGP 226mn allocated to • EGP 200.7mn allocated to establishing NUB’s University • EGP 34.2mn allocated to a
Slide 43: Income Statement
Income Statement EGP (000's) Q1 22/23 Q1 23/24 Q1 24/25 YoY ∆ Tuition Fees 220,189 378,914 576,225 52.1% Student Housing Subscription 5,981 2,831 3,208 13.3% Bus Subscription 90 162 273 68.9% Other Educational Fees 7,564 9,988 10,882 8.9% Total Revenue 233,823 391,895 590,589 50.7% Operating Costs (
Slide 44: Balance Sheet
Balance Sheet EGP (000's) Q1 22/23 Q1 23/24 Q1 24/25 Inventories 4,881 7,743 7,978 Trade & Other Receivables 96,667 49,766 203,787 Due from Related Parties - - - Cash on Hand & at Banks 58,449 230,461 525,666 Treasury Bills 142,402 209,382 - Total Current Assets 302,398 497,353 737,430 Fixed Assets
Slide 45: Cash Flow
Cash Flow EGP (000's) Q1 22/23 Q1 23/24 Q1 24/25 Net Profit Before Tax 139,094 285,312 390,226 Adjusted for: Depreciation 11,924 12,357 14,213 Amortization of Intangible Assets 52 52 52 Debtors and other debit balances amortization - - 142 Amortization of Right of Use 2,470 2,898 2,898 Interest Expe
Slide 46: Thank You
THANK YOU For more information, please contact the Investor Relations Team: IR@taaleem.me
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