Janison Education Group Ltd. · ASX:JAN
Janison Education — Investor Presentation (February 2023)
20 slides from Janison Education's investor presentation, Feb 2, 2023
Slide 1: Janison 1H23 Business Update
JAN.ASX Janison 1H23 Business Update. David Caspari CEO & Managing Director Stuart Halls CFO 2 FEBRUARY 2023 1
Slide 2: Executive Summary 1H23
Executive Summary 1H23. HALF YEAR GROUP REVENUE HALF YEAR GROSS PROFIT $22m $19-21m Assessments revenue growth +46% vs. 1H22, core $14m $12-14m $20m $13m Solutions revenue growth +2%, slight decline in overall $17m $10m $16m Solutions revenue due to 2H event timing. $14m $9m $8m $13m $11m $5m $5m EB
Slide 3: Executive Summary 1H23 business highlights
Executive Summary 1H23 business highlights. Solutions Assessments PISA for Operations Schools +15% growth in Signed 4 new B2B ICAS revenue India joins PBTS High employee clients; TCV $3m+ engagement score Harvard Maths (eNPS 47) Extension of Check-in Exclusive, multi-year Partnership to end-to-end I
Slide 4: FY23 outlook and guidance
FY23 outlook and guidance. Management re-affirms medium-term horizon targets in achieving +20% CAGR in revenue for the next 3-5 years and have confidence in achieving FY23 full year analyst consensus. Management are pleased with the achievements and 1H23 2H23 Guidance FY23 Total % growth momentum in
Slide 5: Contents
Contents. Business Overview 1H23 Results 1H23 Business Update Janison Solutions Janison Assessments PISA for Schools Operations 5
Slide 6: Business Overview
Business Overview. 6
Slide 7: Janison has two complementary business units
Janison has two complementary business units. Solutions Assessments B2B enterprise platform licensing & services B2B school & teacher products, B2C parent products Clients Brands Recent wins – past 6 months NSP Schools IPP Countries Assessment platform technology K-12 assessments; progression Assess
Slide 8: 1H23 Results
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Slide 9: 1H23 delivers revenue & earnings growth
1H23 delivers revenue & earnings growth. +/- % • Revenue growth driven by performance in Janison $m 1H FY23 1H FY22 Assessments (ICAS, AAS, RISE+) and Janison Solutions new vs PCP client wins and existing customer expansion. Revenue 22.0 19.5 +13% • Client schedules shifting back towards ‘pre-pandem
Slide 10: Business Unit Revenue
Business Unit Revenue. Solutions Assessments B2B enterprise platform licensing & services B2B school & teacher products, B2C parent products Solutions Core PBTS - IPP Solutions Other (Learning, JEM) $12.5m $11.7m $10.6m $10.3m $3.5m $3.0m $4.1m $7.1m $5.3m $8.2m $8.3m $5.9m 1H21 1H22 1H23 1H21 1H22
Slide 11: Profit and Costs: +12% improvement in Gross Profit in 1H23
Profit and Costs: +12% improvement in Gross Profit in 1H23. Gross profit increased in 1H23 as the business scales its Assessment products and adds standard-platform Solutions clients. Margin was impacted by newly-acquired businesses which are transitioning to be digitised. 5% organic Opex reduction
Slide 12: 1H23 Business Update
1H23 Business Update. 12
Slide 13: Solutions: Record new client wins in 1H23
Solutions: Record new client wins in 1H23. New platform client wins in 1H23 with Total Contract Value of $3m+ and proven track record of ‘land and expand’: • Cambridge University Press and Assessment – global strategic partnership including Selective High Schools exams won in 1H FY23 and being admin
Slide 14: Solutions: Check-in assessment wins NSW Premier's award for innovation
Solutions: Check-in assessment wins NSW Premier’s award for innovation. Janison’s relationship further strengthens in NSW Dept. of Education Announcement by NSW Minister for Education Hon Sarah Mitchell: Following the success of the Check In assessments, additional on demand, online assessments and
Slide 15: Solutions: Cambridge partnership now launched across all business units
Solutions: Cambridge partnership now launched across all 3 business units. • Partnership initiated with Cambridge University Press & Assessment (“CUP&A”) in 2020 demonstrated joint capability. • Proven success with global reach was the catalyst for CUP&A expanding its relationship with Janison, lead
Slide 16: Assessments: New exclusive ICAS partnership signed with prestigious Australian university
Assessments: New exclusive ICAS partnership signed with prestigious Australian university (TBA). Return to pre-pandemic schooling and new brand partnership expected to drive ICAS volumes back towards historical levels over the medium-term Since acquisition of QATs and RiSE+ parent insights New exclu
Slide 17: PISA for Schools: India joins PBTS
PISA for Schools: India joins PBTS. Decision processes are regaining momentum after a period of risk aversion. National Service Provider (NSP) Update • ~500 schools signed on for PISA for Schools under the National Service Provider (NSP) program • NSP agreements extended for 2 years in all 3 regions
Slide 18: Operations: UK & European footprint expanding in 2023
Operations: UK & European footprint expanding in 2023. Market expansion into Janison’s key markets – UK and Europe is progressing with targeted, disciplined investments and resources to lay the foundation for future growth. Janison’s presence in the UK dates back to 2010 and includes; British Counci
Slide 19: Executive Summary 1H23 Highlights
Executive Summary 1H23 Highlights. $22m 65% $2.7m +13% FIRST HALF GROUP OPERATING REVENUE +1ppt GROSS MARGIN +42% EBITDA Vs. 1H22 Vs. 1H22 vs. FY22 $26m $6m 1.7m +15% ARR (ANNUALISED RECURRING REVENUE) UNDERLYING CASH ON HAND - NO DEBT DIGITAL TESTS DELIVERED Vs. 1H22 1H23 financials are pre-audit,
Slide 20: End
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