American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q3 2010 Earnings Presentation
9 slides from American Public Education's earnings presentation, Nov 8, 2010
Slide 1: Advancing Online Higher Education – Third Quarter 2010 Investor Call
Advancing Online Higher Education AMERICAN PUBLIC EDUCATION, INC. Third Quarter 2010 Investor Call apei
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: Third Quarter 2010 Update
Third Quarter 2010 Update Military Growth Slowed in 3Q; Current Military Enrollment Appears to be Stabilizing Civilian Growth Continues StrongIncremental Marketing Proving Successful Initial Transition to Sakai Learning Management Platform Appears to be Successful APUS Academic Center to Open in Nov
Slide 4: Advancing Our Approach in 2010/2011
Advancing Our Approach in 2010/2011 A Mission-Driven Organization Executing Existing Strategic Plan Academic Quality Addressing Need for Affordability Relationship Marketing Focus Leveraging Investments in Sakai and Facilities Preparing for New Regulations Investing in Future Growth Addressing new a
Slide 5: Financial Overview
Financial Overview 5 AMERICAN PUBLIC EDUCATION
Slide 6: Financial Update
Third Quarter 2010 Update Revenues increased 32% to $48.3 million compared to 2009 period Operating income increased 11% to $9.3 million compared to 2009 period Includes $326,000 of HELP Committee legal expenses Also includes a $676,000 reinstatement of an accrual that was reversed in the previous q
Slide 7: Income Data as Percentage of Revenue
Income Data as Percentage of Revenue 100.0 % 100.0 % 100.0 % 100.0 % Costs and expenses: Instructional costs and services 40.3 40.4 38.7 39.7 Selling and promotional 19.9 15.3 17.5 14.3 General and administrative 17.0 17.7 16.4 17.6 Depreciation and amortization 3.5 3.5 3.3 3.8 Total costs and expen
Slide 8: Fourth Quarter 2010 Growth Outlook
Fourth Quarter 2010 Growth Outlook Fourth Quarter 2010 Net course registrations growth 26% to 29% Net course registration growth from new students 18% to 20% Revenue growth 27% to 30% Earnings per share $0.45 to $0.47 The following statements are based on current expectations. These statements are f
Slide 9: Advancing Online Higher Education – Investor Call
Advancing Online Higher Education AMERICAN PUBLIC EDUCATION, INC. Third Quarter 2010 Investor Call
American Public Education — Q3 2010 Earnings Presentation on 6ix