Slide 1: Q1 FY21 Financial Supplemental Slides
Q1 FY21 Financial Supplemental Slides
Slide 2: Safe Harbor
Safe Harbor . This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We have tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “continue
Slide 3: FY21 Reporting – New Lines of Revenue
FY21 Reporting – New Lines of Revenue Shifting from three major lines of revenue based on product categories to two lines of revenue based on the markets we are addressing OLD NEW Managed Public Schools General Education (GE) Institutional • Managed Public Schools • Non-Managed Programs • Non-Manage
Slide 4: Enrollment Walk from Old to New Reporting
Enrollment Walk from Old to New Reporting • With the new lines of revenue, students enrolled full-time in public and private FY21 FY20 FY19 schools offering K12’s online and blended Managed Programs 190.7 122.3 118.8 solutions are counted in enrollment figures (October count date figures shown in th
Slide 5: Q1 FY2021 Overview
Q1 FY2021 Overview Q1 FY2021 ACTUAL $371.0M 35% $117.8M $23.0M $308.8M Total Revenue Gross Margin SG&A Expense Adj. Operating Income1 Cash & Cash Equivalents2 ✓ Increased 44% YoY ✓ Improved 90 bps YoY ✓ SG&A expense ✓ Improvement from a ✓ Successfully as a result of higher driven by higher 31.8% of
Slide 6: Q2 & FY2021 Guidance Ranges
Q2 & FY2021 Guidance Ranges Q2 FY2021 Guidance FY 2021 Guidance Revenue $358M - $366M $1,445M - $1,470M Adjusted OI1 $42M - $45M $120M - $130M CapEx $12M - $15M $50M - $60M Tax Rate - 26% - 29% 1 Adjusted OI includes the addback of stock-based compensation and amortization of intangibles. See Append
Slide 7: Appendix
Appendix COMPANY CONFIDENTIAL | 7
Slide 8: Reconciliation of GAAP Operating Income to Non-GAAP Adjusted Operating Income
Reconciliation of GAAP Operating Income to Non-GAAP Adjusted Operating Income ($M) Three Months Ended December 31, 2020 Year Ended June 30, 2021 Low High Low High Income from Operations $ 32.5 $ 35.5 $ 76.5 $ 86.5 Stock-based Compensation Expense 7.5 7.5 35.5 35.5 Amortization of Intangible Assets 2