Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — Q4 2015 Earnings Presentation
9 slides from Perdoceo Education's earnings presentation, Feb 29, 2016
Slide 1: Fiscal Fourth Quarter 2015 Investor Conference Call
CAREER EDUCATION CORPORATION FISCAL FOURTH quarter 2015 investor conference call February 29, 2016 Dave Rawden Interim Chief Financial Officer Ashish Ghia Vice President, Finance Todd Nelson President & Chief Executive Officer Exhibit 99.2
Slide 2: Forward-looking statements and non-GAAP disclosure
This presentation contains “forward-looking statements,” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, cash flows, performance and business prospects and opportunities, as well a
Slide 3: Fourth-Quarter Highlights
Fourth-Quarter Highlights University Group revenue increased by 8.2 percent year-over-year (or 4.2 percent when adjusted for prior year accounting change), primarily driven by a 4.4 percent increase in total enrollments at CTU University Group operating income increased 36.8 percent year-over-year t
Slide 4: Full Year Highlights
Full Year Highlights Full year 2015 operating expenses for continuing and discontinued operations were roughly $152 million lower year-over-year, which was primarily driven by the impact of the Company’s transformation efforts Full year adjusted EBITDA from University and Corporate(1) was $84.4 mill
Slide 5: Transformation Impact & Outlook
Transformation Impact & Outlook Teach-out dates are estimated based on current student enrollment and are subject to change. Estimates are based on assumptions listed on slide 6. PHASE DOWN OF CAMPUSES IN TEACHOUT Update below to our outlook vs prior quarter is primarily driven by the decision to te
Slide 6: Key Transformation Assumptions
Key Transformation Assumptions Achievement of the transformation strategy and its estimated results included within these slides are based on the following key assumptions and factors, among others: Flat-to-modest total enrollment growth within the University Group while achieving the intended Unive
Slide 7: Reconciliation Non-GAAP Items
Reconciliation of GAAP to Non-GAAP Items
Slide 8: Reconciliation Non-GAAP Items – con't
Reconciliation of GAAP to Non-GAAP Items – con’t
Slide 9: End of Presentation
End of Presentation