Laureate Education, Inc. · NASDAQ:LAUR

Laureate Education — Investor Presentation (May 2025)

36 slides from Laureate Education's investor presentation, May 2025

  1. Slide 1: Investor Presentation May 2025

    Investor Presentation May 2025 ©2025 Laureate Education, Inc.

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements This presentation includes statements that express Laureate’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ‘‘forward-looking statements’’ within the meani

  3. Slide 3: Presentation of Non-GAAP Measures

    Presentation of Non-GAAP Measures In addition to the results provided in accordance with U.S. generally accepted accounting principles (GAAP) throughout this presentation, Laureate provides the non-GAAP measures of Adjusted EBITDA and its related margin, Adjusted net income, Adjusted Earnings Per Sh

  4. Slide 4: Profitable Growth Opportunity

    Largest private Affordable, high Attractive growth- operator in Mexico quality education oriented business and Peru offerings enabled model with portfolio of leading through innovative mix distinguished by Profitable universities in attractive of face-to-face, hybrid durable recurring market segment

  5. Slide 5: Leading Higher-Education Company

    Campus-based, Online Undergraduate, Graduate and Digital Leadership and Hybrid Learning Specialized Degree Programs Leading 50+ 70%* 40%-60% Higher-Education Campuses STEM and business disciplines online student credit hours Company Focused on Growing and Underpenetrated 472K 30K+ ~100% Students Fac

  6. Slide 6: Socioeconomic Level & Key Differentiators

    Portfolio Approach Increases Addressable Market 5 Leading Learning Institutions in Attractive Market Segments Prestige and International Recognition • High prestige programs and full portfolio Elite • Medical school • Premium buildings and services • Sports facilities Facilities and Premium/ • Highe

  7. Slide 7: Leading University Portfolio in Mexico & Peru

    Leading University Portfolio in Mexico & Peru Enrollment Market QS StarsTM Brand Founded Segment Overall Ratings/Rankings @ 3/31/25 • Ranked Top 5 university in Mexico Premium/ • 5-Stars rated by QS Stars in categories of 1960 120,700 Traditional Employability, Inclusiveness, Online Learning & Mexic

  8. Slide 8: Digital Education is a Critical Element of Laureate's Business Model

    Digital Education is a Critical Element of Laureate’s Business Model Young Students Working Adults Delivering (18-24 years old) (24+ years old) Quality Online  Young students primarily  Leading technology, including Offerings via participate in face-to-face digital tutors offerings Synchronous  8

  9. Slide 9: Career-Focused Programs in High-Demand Fields

    Career-Focused Programs in High-Demand Fields Enrollment by Program Enrollment by Level of Study Education Other Technical / Vocational 3% 4% 4% Communication Graduate 4% Business & 7% Management Law & Legal Studies 25% High School 7% 8% High School 8% Traditional Undergraduate Architecture, Working

  10. Slide 10: Leader in Health Sciences Vertical

    Leader in Health Sciences Vertical Health Sciences programs Medicine and other Free and low-cost validate institutional quality Health Sciences health clinics provide and provide a halo effect for represent 20% of our essential public health each institution student population benefits 23 Medical Sc

  11. Slide 11: Favorable Market Dynamics

    Favorable Market Dynamics ©2025 Laureate Education, Inc. 11

  12. Slide 12: Attractive Market Opportunities in Mexico and Peru

    Attractive Market Opportunities in Mexico and Peru Attractive Markets with Significant Growth Opportunities Participation rates growing and still well below developed markets Mexico Peru Combined Population 130 million 32 million 162 million Higher Education Students 5,518 2,042 7,560 (000s) Higher

  13. Slide 13: Growth in Middle Class Driving Higher Participation Rates

    Growth in Middle Class Driving Higher Participation Rates Strong Economic Incentives Significantly Underpenetrated by Participation (Average wage premium for those with a tertiary education1) (Higher education participation rates excluding Technical / Vocational2) 67% 56% 58% 55% 51% 42% 35% OECD OE

  14. Slide 14: Growth Initiatives

    Growth Initiatives ©2025 Laureate Education, Inc. 14

  15. Slide 15: Continued Growth Opportunities in Our Local Markets

    Multiple Drivers for Revenue Growth Continued Growth Opportunities Revenue Growth in Our Local Markets Pricing / Inflation (Net of Mix) Laureate Has Built a Strong Foundation Online for Revenue Growth Expansion Campus Expansion Program Expansion Volume / Market Growth ©2025 Laureate Education, Inc.

  16. Slide 16: Penetration of Campuses with Full Suite of Product Offerings

    Proven Program Expansion Model Penetration of Campuses with Full Suite of Product Offerings Proven ability to lift-and- Strong focus on Health Opportunity to capitalize Fulfills the demand for Provides a wide range of shift with successful new Sciences vertical on Mexico’s growing skilled profession

  17. Slide 17: Selective Campus Expansions in New and Existing Cities

    Selective Campus Expansions in New and Existing Cities White Space Opportunities in New Geographic Locations -- Investments in 2025 and Beyond Nationwide footprint – Extensive presence in Lima – in 15 of the 20 most populated cities in Mexico with 14 of 19 campuses located in the city Lima Universid

  18. Slide 18: Digital Learning Enables Capital Light Operating Model

    Digital Learning Enables Capital Light Operating Model Omnichannel Distribution Model Key to Unlock Incremental Growth Opportunities Laureate Fully Online Enrollments Percentage of Higher Education (in thousands) Students Enrolled in Online Classes 91 25%  Online penetration in 26% 14% Mexico and P

  19. Slide 19: Financial Profile and Outlook

    Financial Profile and Outlook ©2025 Laureate Education, Inc. 19

  20. Slide 20: Strong Recurring Revenue

    Strong Recurring Revenue Long Program Length, Stable Retention, and Private Pay Model Provides Predictable Revenue Streams Long Program Length Stable Student Retention1 Private Pay Model Strong recovery from Covid-19 Public funding 4 Years 84% 80% 3% 78% 77% 73% Private pay Average Program Length 20

  21. Slide 21: Strong Balance Sheet and Cash Flow Generation

    Strong Balance Sheet and Cash Flow Generation Financial Discipline and Cash Accretive Business Model Allows for Return of Excess Capital Adjusted EBITDA to Unlevered Free Net Leverage Ratio Cash Flow Conversion 49% ~50% 42%  ~$740M of excess 0.4x capital returned to shareholders in 2022- 0.2x 2024

  22. Slide 22: Q1 2025 Capitalization and Return of Capital

    Strong Balance Sheet and Cash Accretive Business Model Allow For Continued Return of Capital Q1 2025 ($ in millions) Total Company Capitalization as of 3/31/25 and Return of Gross Debt $115 Capital Less: Cash & Cash Equivalents ($110) Net Debt $5  149M shares outstanding as of March 31st  Share Re

  23. Slide 23: 2024 FY – Financial Summary

    2024 FY – Financial Summary FY ’24 Variance Vs. FY ’23 Notes ($ in millions) (Enrollments rounded to the Results As Reported Organic/CC1 nearest thousand) • Mexico +4% New Enrollment 252K 5% 5% • Peru +6% • Mexico +7%, Peru +3% Total Enrollment 472K 5% 5% • Driven by new enrollment growth Revenue $1

  24. Slide 24: 2025 First Quarter – Financial Summary

    2025 First Quarter – Financial Summary Q1 ’25 Variance Vs. Q1 ’24 Notes ($ in millions) (Enrollments rounded to the Results As Reported Organic/CC1 nearest thousand) • Through Cycle completion (timing adjusted): New Enrollment 94K (2%) (2%) LAUR +7%, Mexico +8%, Peru +6% • Through Cycle completion (

  25. Slide 25: Outlook

    Continued Constant Currency Revenue Growth And Margin Expansion 2025 ($ in millions) (Enrollments rounded to the nearest thousand) 2025 Guidance Outlook1 Outlook Total Enrollment 491K – 495K Revenue $1,560 – $1,575 Adjusted EBITDA $473 – $480 (1) Based on actual FX rates for January through April, a

  26. Slide 26: As Reported 2025 USD Outlook Impacted by Weaker FX

    As Reported 2025 USD Outlook Impacted by Weaker FX Total Revenue Adjusted EBITDA 0% 6% 1,567M 1,568M 477M (105M) 106M 450M 54M (7%) +7% (27M) +12% (6%) 2024 Actuals FX Impact 1 Operational Growth 2025 Guidance 2024 Actuals FX Impact 1 Operational Growth 2025 Guidance in Constant Currency Midpoint at

  27. Slide 27: Mission-Driven Company

    Mission-Driven Company ©2025 Laureate Education, Inc. 27

  28. Slide 28: Our Values

    Our Values Trust We work to earn and maintain the trust of all our stakeholders. Inclusiveness We create safe environments where diversity is valued. Transparency We are committed to being transparent in all we do. Integrity We do what is right and we deliver on what we promise. Performance Individu

  29. Slide 29: Impact Leadership

    Impact Leadership For Over 25 years… Our Impact Our Mission… Laureate has been committed to delivering Each year, we measure the effectiveness of our efforts to transform lives By expanding access to higher affordable, high-quality education that and communities. In 2024, we advanced our approach to

  30. Slide 30: Appendix

    Appendix ©2025 Laureate Education, Inc. 30

  31. Slide 31: Return of Capital Summary Since 2019

    Return of Capital Summary Since 2019 Cash Stock Distributions / ($ in millions) Buybacks Dividends Total 2019 $264 - $264 2020 $100 - $100 2021 $380 $1,375 $1,755 2022 $282 $249 $531 2023 - $110 $110 2024 $102 - $102 2025 YTD March $42 - $42 Cumulative Since 2019 $1,170 $1,734 $2,904 Strong Track Re

  32. Slide 32: Intra-Year Seasonality Trends

    Intra-Year Seasonality Trends Revenue Seasonality Adjusted EBITDA Seasonality 42% 43% 42% 42% 32% 30% 31% 31% 27% 28% 28% 27% 25% 24% 24% 24% 30% 31% 31% 28% 18% 17% 17% 18% 24% 21% 19% 20% 8% 8% 7% 4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2021 2022 2023 2024 New Enrollments Seasonality Factor

  33. Slide 33: Non-GAAP Reconciliations (1 of 3)

    Financial Tables Non-GAAP Reconciliations (1 of 3) The following table reconciles Net Income to Adjusted EBITDA and Adjusted EBITDA margin: For the three months ended March 31, (2) Represents non-cash, share-based IN MILLIONS 2025 2024 Change compensation expense pursuant to the provisions of ASC To

  34. Slide 34: Non-GAAP Reconciliations (2 of 3)

    Financial Tables Non-GAAP Reconciliations (2 of 3) The following table reconciles Net income to Adjusted net income and Adjusted EPS: (3) Per share amounts on a dilutive basis. For the three months ended March 31, 2025 2024 Note: Dollars in millions, except per share IN MILLIONS, except per share am

  35. Slide 35: Non-GAAP Reconciliations (3 of 3)

    Financial Tables Non-GAAP Reconciliations (3 of 3) The following table presents Free cash flow and reconciles Net cash flows from operating activities to Free Cash Flow for the three months ended March 31, 2025 and 2024: Note: Dollars in millions may not sum to total due to rounding. IN MILLIONS 202

  36. Slide 36: ©2025 Laureate Education, Inc.

    ©2025 Laureate Education, Inc.

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