American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q3 2009 Earnings Presentation
12 slides from American Public Education's earnings presentation, Nov 5, 2009
Slide 1: Ahead of the Curve. Online higher education for a complex world.
Ahead of the Curve. Online higher educationfor a complex world. Third Quarter 2009Conference Call November 5, 2009
Slide 2: Safe Harbor Statement
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-looking st
Slide 3: Operational Highlights & Recent Developments
Operational Highlights & Recent Developments Strong 3Q2009 Enrollment and Net Course Registration Growth Net course registrations1 increased 42% Net course registrations from new students2 increased 41% Total student enrollment3 increased 44% to 59,300 Launched MA in Legal Studies and BA in General
Slide 4: Operational Highlights & Recent Developments
Operational Highlights & Recent Developments International Association of Emergency Managers (IAEM) honored the APUS Emergency and Disaster Management Program with the 2009 Academic Recognition Award. Ranked Ninth in America’s 200 Best Small Companies by Forbes.com Launched new website, redesigned f
Slide 5: Strong Interest from Military and Civilian Students in Q3
Strong Interest from Military and Civilian Students in Q3 Expanding Leadership Among Institutions Serving the MilitaryNet course registrations from students using TA increased 32% Extended office and visitation hours at several military basesNew military spouse program generating increased enrollmen
Slide 6: Focused on Long-Term Performance and Success
Focused on Long-Term Performance and Success Affordability, Product Differentiation & Value 76 Degree programs, including liberal arts and other “unique” degrees No undergraduate tuition increase since 2002 Low fees and a book grant program for most undergraduate students Quality Academic Programs a
Slide 7: APEI Reports Solid Third Quarter 2009 Results
APEI Reports Solid Third Quarter 2009 Results Revenues increased 33% to $36.5 million Income from operations before interest income and income taxes increased 35% to $8.4 million Net Income increases 31% to $5.0 millionReports Earnings of $0.27 per diluted share Strong Balance Sheet: No long-term de
Slide 8: Income statement as percentage of revenues
Revenues Costs and expenses: Instructional costs and services Selling and promotional General and administrative Total costs and expenses Income from operations before interest income and income taxes Interest mcome, net Income from operations before income taxes Income taxespense ‘Net Income Three
Slide 9: Strong Balance Sheet with No Debt
Strong Balance Sheet with No Debt Cash & Cash Equivalents $63.8 $47.7Total Assets $105.1 $78.8Total Long-Term Debt $0 $0 Depreciation and Amortization $3.9 $3.0CAPEX $8.6 $6.9 ($ in millions) As of Sept 30, As of December 31, 2009 2008 Nine Months Ended Sept 30, 2009 2008
Slide 10: Fourth Quarter 2009 Outlook
The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. 4th Quarter 2009 % GrowthNet Course Registrations from New Students approx. 13,600 37%Net Course Registrations approx. 58,000 38%Total Revenue approx. $42.7 mill
Slide 11: Full Year 2009 Outlook
The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially. Full Year 2009 % GrowthNet Course Registrations from New Students approx. 50,000 36%Net Course Registrations approx. 207,800 41%Total Revenue approx. $148.0 mill
Slide 12: Ahead of the Curve. Online higher education for a complex world.
Ahead of the Curve. Online higher education for a complex world.
American Public Education — Q3 2009 Earnings Presentation on 6ix