Slide 1: Earnings Supplement Q3 FY2025
Earnings Supplement Q3 FY2025 December 10, 2024 1
Slide 2: Cautionary Notes Regarding Forward Looking Statements
Cautionary Notes Regarding Forward Looking Statements This document includes statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, whic
Slide 3: Today's Call
Today’s Ron Hovsepian EXECUTIVE CHAIRMAN Call AND CHIEF EXECUTIVE OFFICER Rich Walker • Opening Remarks CFO • Business Update • Q3 FY2025 Financial Results Stephen Poe • Q&A INVESTOR RELATIONS • Closing Remarks Webcast Details Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcas
Slide 4: Ron Hovsepian Executive Chairman and Chief Executive Officer
“ Our fiscal third quarter financial results demonstrate our first step in executing our transformation strategy. The operationalization of our strategy is showing the first ” signs of business and financial improvement for our shareholders and customers. Ron Hovsepian Executive Chairman and Chief E
Slide 5: Recent Business Highlights
Recent Business Highlights • Skillsoft continues its leadership in AI innovation by launching key learner and organizational tools including AI Coaching Assistant to help leaders develop coaching plans, AI Learning Assistant to personalize the learning experience, and AI Coding Assistant to provide
Slide 6: Q3 FY2025 Financial Highlights
Q3 FY2025 Financial Highlights Continued strong Adjusted EBITDA profitability, with top-line growth in Talent Development Solutions and sequential improvement in Global Knowledge. Q3 FY25 Talent Q3 FY25 Adjusted LTM Dollar EBITDA1 Development Retention Rate1 Solutions Revenue % of Revenue $103M ~98%
Slide 7: Revenue
Revenue Revenue performed in line with our expectations; Talent Development Solutions was offset by declines in Global Knowledge • Talent Development Solutions $139.0 ▲<1% YoY $137.5 $137.2 ▼<2% YoY $132.2 ▼6% YoY $127.8 ▼6% YoY Revenue was up ~2% YoY $37.8 $35.6 ▼6% YoY $34.2 ▼9% YoY ▼16% YoY $30.6
Slide 8: Profitability and Cash Flow
Profitability Disciplined expense management continues to drive YoY margin expansion (up 190 bps) and Cash Flow Non-GAAP OpEx ($Ms) Adjusted EBITDA ($Ms) $31.9 • Non-GAAP Operating Expenses of $29.8 23.3% 21.4% $105M, favorably down 4% YoY $109.2 $105.3 ▼4% YoY • Adjusted EBITDA of $32M G&A reflecte
Slide 9: Appendix
skillsoft® Appendix
Slide 10: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures We track the non-GAAP financial measures and key performance metrics that we believe are key financial measures of our success. Non-GAAP measures and key performance metrics are frequently used by securities analysts, investors, and other interested part
Slide 11: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures Update with new numbers from Keith 11
Slide 12: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures 12