Aspen Group, Inc. · OTC:ASPU

Aspen — Shareholder Meeting (January 2013)

15 slides from Aspen's shareholder meeting presentation, Jan 31, 2013

  1. Slide 1: Aspen Group, Inc. Annual Shareholders Meeting

    Ail OTCBB: ASPU January 31, 2013 Tih Aspen Group, Inc. Annual Shareholders Meeting

  2. Slide 2: Forward-looking statements and Non-GAAP financial measures

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  3. Slide 3: Aspen's Differentiated Business Model

    Aspen’s Differentiated Business Model Post-Graduate ‘Degree Focus (044. and MSN largest programe)* *MBA/MSN represents nearly 2/3 of Full-Time Degree Seeking Student body $1,050/course** Student Acquisition*** (ollinternet marketing in-house, Graduate Tuition: Vertically-Integrated | ‘no use of 3"4p

  4. Slide 4: Aspen Competitive Advantages: Graduate Program Focus

    Aspen Competitive Advantages: Graduate Program Focus The Aspen Difference — Graduate Focus Delivers Industry Leading Metrics (Year-End 2012 Data): Exceptional adjunct faculty (67% hold a Doctorate) High course completion rates (90%)* High Student Satisfaction Rates (95%) * Strong graduation rates (5

  5. Slide 5: Cost Comparison

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  6. Slide 6: Aspen's Nursing Program Is An ROI Story

    Aspen’s Nursing Program Is An ROI Story Aspen offers RNs the al to obtain an. * RNsbegin with 7-course RN-to-MSN Bridge Program ($7,200) © Thereby bypassing requirement for BSN degree * Upon Bridge Program completion, matriculate to 12-course MSN Program ($12,600) * Compensation for Nurses is define

  7. Slide 7: Strategic Plans for 2013

    Strategic Plans for 2013 * Complete integration to moodlerooms * Launcha Corporate Sales function + Tuget Customers: Hospital Chains © Deemphasize third party ‘pass-through’ relati students (Verizon) * Imminently launching Executive MBA Cerificate program with XTOL Roger Schank a8 academic patter p

  8. Slide 8: Student Body Analysis (End-2012)

    Student Body Analysis (End-2012) Full-Time Degree Seeking Students: 1,681 -Graduate 1,467 (87%) -MBA = 803 (48%) -MSN = 265 (16%) “Undergraduate 214 (13%) Military Students 343 Certificate /Continuing Ed Students 529 Total Student Body 2,553

  9. Slide 9: Operating Metrics

    Operating Metrics en “Students 551 Students 951 Clase Start "% 56% “Tuition Revenue "s 29% “Tuition Gross Profit BM AVERAGE REVENUE /COURSE $537 e ‘Total Full-Time Degree Students 1,502 949 BI 11% Effect of Old Pre-P, P Rapidly Declining: (AnalysisIndudes all degree-seeking dass starts, excluding re

  10. Slide 10: January Was A Record

    January Was A Reco * This will be the first month Aspen has achieved an 8% conversion rate; meaning our cost per enrollment in January is well below $1,000 * In January, our cost per lead dropped below $60 for the first time * Enrollments for January are at 100 as of 1/31 (historical monthly average

  11. Slide 11: Aspen Near-Term IS Analysis

    Aspen Near-Term IS Analysis QHR* QIBle) Q2 Ble) Q3'Ble) Q4#B (e) Aspen Revenues $801K $12imm $137mm $14imm $153mm (Full-Time Students)** Aspen Gross Profits** SK $770K $919K $957K SLO7mm Aspen GM%** 55% 6M 67% 68% 70% ‘Total OPEX’ $106mm $itmm $itmm $iimm $i imm EBITDA*** (S485K) <($300K) <(S150K) B

  12. Slide 12: 2013-2015 Projections

    2013-2015 Projections 2013 E-T Degree Students 2,300 ‘Total Student Body 3,500 Total Revenues > 875mm, (50% growth) EBITDA (*) co) "Docs notindude stock based compensation expense 2014 3,500 5,000 >$12mm_ 15% 318mm, 230%

  13. Slide 13: End-2012 Cap Table/PIPE Update

    End-2012 Cap Table/PIPE Update In 2012, Aspen raised equity capital of $4,731,236, net of fees. Aspen Group, Inc. Capitalization Table (12/34/12) Outstanding Tot Shares 56,370,043 Warrants 10,381,837 Options 6,972,967 Fully Diluted Shares 73,724,847 100% - of which Directors & Officers 12,265,427 17

  14. Slide 14: Questions & Answers

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  15. Slide 15: (6,000) cam ore ame ose __ are Eo

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