Universal Technical Institute Inc · NYSE:UTI
Universal Technical Institute — Investor Presentation (March 2021)
16 slides from Universal Technical Institute's investor presentation, Mar 30, 2021
Slide 1: Universal Technical Institute, March 2021
il UNIVERSAL TECHNICAL © | insTITUTE March 2021 2021 Universal Technical Institute, Inc. Al rights reserve t
Slide 2: Forward-Looking Statements
UNIVERSAL TECHNICAL INSTITUTE Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to the safe harbor created by such Act. These statements are based on our management's current be
Slide 3: Universal Technical Institute at a glance
UNIVERSAL hnicians (jg ale A2K+ STUDENTS MANUFACTURING peters ietie GRADUATES SINCE 1965 4,600 84% INCENTIVE & TUITION EMPLOYMENT RATE? REIMBURSEMENT EMPLOYER LOCATIONS FISCAL YEAR 2020 REVENUE? CASH AND INVESTMENTS? “ee NS) NYSE: UTI YON recz0 ur n020 502 tl rates 8065 wre vit emptor nd8.73 were en
Slide 4: UNIVERSAL
UNIVERSAL TECHNICAL INSTITUTE ABV AQUA GNREER TAKE 15 colase 1. I) Te fae ae
Slide 5: Investment Thesis Highlights
Investment Thesis Highlights Attractive student value proposition which includes blended learning model Evolved post-COVID strategy will fuel EBITDA and student start growth Optimized for any macro economic cycle with counter cyclical upside Streamlined operations and strong balance sheet strengthen
Slide 6: Near-Term Capital Allocation Priorities
Near-Term Capital Allocation Priorities Management and Board are prudently allocating capital in support of growth and diversification strategy while also considering return of capital to shareholders a@® INORGANIC K GROWTH for additional acquisition targets X MIAT announced, continuing to build pip
Slide 7: Current initiatives expected to drive >10% Revenue CAGR and Adjusted EBITDA margin expansion
Current initiatives expected to drive >10% Revenue CAGR and Adjusted EBITDA margin expansion; Actively evaluating additional opportunities to drive further growth and shareholder value P % i| §5-Year Outlook Including Announced Ii tives 7 A + Expanding current offerings 10%+ Revenue CAGR a : Net era
Slide 8: New Campuses Leverage Blended Learning Model
New Campuses Leverage Blended Learning Model (Rt Proven new campus model further enhanced by fully integrating blended learning benefits Shifting instruction to a blended leaming model as a result of COVID-19 has provided the opportunity to launch new campuses and programs in a fully blended format,
Slide 9: MIAT College of Technology acquisition
Fe ‘ ae : 7 [universe MIAT College of | J) ieW Ut 9/7 ™ ‘ eS cS) ACCSC-accredited vocational and technical school offering a variety of programs complementary to UTI offerings accelerates realization of UTI’s growth and diversification strategy SUMMARY FOUNDED: 1969 2019 METRICS: . a . + COMPOSITE S
Slide 10: MIAT College of Technology Key Metrics
7 UNIVERSAL MIAT College of Technology Key Metrics (U/aRSE Strong growth and margin improvement trajectory supported by a diversified program mix Financials 2016 2017 2018 2019 2020 mmm Revenue ($M) Adj EBITDA margin Student Starts Tee [case | 2016 2017 2018 2019 2020 mAviation Maintenance mEnergy T
Slide 11: Business Model Transformation
Initial capital allocation actions, continued business model expansion and go-to-market optimization are advancing UTI’s growth objectives; with additional opportunities available to drive further growth and shareholder value UNIVERSAL @ TECHNICAL INSTITUTE Business Model Transformation PAGE 11 + Re
Slide 12: Appendix
APPENDIX
Slide 13: UTI's Use of Non-GAAP Financial Information
UNIVERSAL TECHNICAL INSTITUTE UTI’s Use of Non-GAAP Financial Information This presentation contains non-GAAP (Generally Accepted Accounting Principles) financial measures, which are intended to supplement, but not substitute for, the most directly comparable GAAP measures. Management chooses to dis
Slide 14: UTI Adjusted EBITDA Reconciliation
UTI Adjusted EBITDA Reconciliation CU) astnGtt ($ in thousands) FY 2020 Net income $8,008 Interest income, net (1,142) Income tax benefit (10,602) Depreciation and amortization EBITDA $9,414 Severance expense due to CEO transition 4,631 Norwood, MA campus EBITDA 3,005 Adjusted EBITDA, non-GAAP $13,9
Slide 15: MIAT Adjusted EBITDA
MIAT Adjusted EBITDA at This presentation contains non-GAAP financial measures for MIAT, which are intended to supplement, but not substitute for, the most directly comparable GAAP measures. Management chooses to disclose to investors these non-GAAP financial measures for MIAT because they provide a
Slide 16: Slide 16
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