Lincoln Educational Services Corporation · NASDAQ:LINC
Lincoln Educational Services — Shareholder Meeting (May 2024)
20 slides from Lincoln Educational Services's shareholder meeting presentation, May 7, 2024
Slide 1: 2024 Shareholders' Meeting
2024 Shareholders’ Meeting Presented by: Scott Shaw President and CEO Year Ended December 31, 2023
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this presentation regarding Lincoln’s business that are not historical facts may be “forward-looking statements” that involve risks and uncertainties. Forward-looking statements should not be read as a guarantee of future performance or results and will not necess
Slide 3: Lincoln Graduates Are Essential Workers
LINCOLN GRADUATES ARE ESSENTIAL WORKERS Approximately 90% of our students are pursuing careers that the U.S Department of Homeland Security considers Essential Critical Infrastructure Workers
Slide 4: Demand for Middle Skills Training
DEMAND FOR MIDDLE SKILLS TRAINING 4 Middle-skill jobs, which require education beyond high school but not a four-year degree, make up the largest part of America’s labor market (Source: U.S. Bureau of Labor Statistics) Lincoln connects employers with entry level trained professionals from the adult,
Slide 5: Renaissance of the Skilled Trades
The education system became designed to send everyone to college Society believed that going to college would lead to a better life Blue collar jobs became stigmatized RENAISSANCE OF THE SKILLED TRADES Today the general public is looking for less expensive, faster ways to start a meaningful career t
Slide 6: Revenue, Starts & Population: December YTD
REVENUE, STARTS & POPULATION: DECEMBER YTD ($ in Millions)
Slide 7: Financial Trends 2020-2024E
FINANCIAL TRENDS 2020-2024E Excludes Transitional segment 2024 Revenue & Adjusted EBITDA based on mid-point of guidance Refer to appendix for adjusted EBITDA & Revenue Reconciliation
Slide 8: Investment Opportunity
Employers cannot find enough technically trained employees and with the infrastructure bill passed demand for skilled workers should be even greater Lincoln is a leading, technical, hands-on educator and trainer serving high demand industries (transportation, skilled trades and healthcare) facing th
Slide 9: Significant Opportunity for Organic Growth
SIGNIFICANT OPPORTUNITY FOR ORGANIC GROWTH BLS DATA FOR ANNUAL NEW HIRES FOR LINCOLN’S TOP PROGRAMS National figures cited above are based on projected annual job openings which refers to the average annual job openings due to growth and net replacement. This data was compiled from the U.S. Dept. of
Slide 10: Lincoln Tech: Largest Provider of Automotive and Skilled Trade Graduates in the East
LINCOLN TECH Largest Provider of Automotive and Skilled Trade Graduates in the East EAST WEST
Slide 11: Growth Strategy
GROWTH STRATEGY of. , aks, Lincoln’s Growth Strategy Organic Growth oo > Efficiencies through Centralization and Automation resulting in cost optimization > Expansion of standardization hybrid teaching model New Programs Launched in 2023 Medical Assisting at 2 campuses Electrical at 2 campuses Expan
Slide 12: Campuses Across the Country: Opportunity for Expansion in the South and West
CAMPUSES ACROSS THE COUNTRY OPPORTUNITY FOR EXPANSION IN THE SOUTH AND WEST
Slide 13: Strategic Growth Plan
STRATEGIC GROWTH PLAN * 2024 represents the midpoint of guidance ** New Locations: Atlanta, Houston, Philadelphia (Levittown), and Nashville
Slide 14: Our Superior Educational Approach
OUR SUPERIOR EDUCATIONAL APPROACH
Slide 15: Growing Base of Industry Partners
GROWING BASE OF INDUSTRY PARTNERS Positions Lincoln as long-term solutions provider for both entry level technicians and advanced workforce training Employers appreciate the technical and soft skills of our students Partners provide validation of the quality of our education Co-branding opportunitie
Slide 16: Compliance Stats
COMPLIANCE STATS 90/10 Rule : This rule caps the percentage of revenue that a proprietary institution can receive from federal financial aid sources at 90%; the other 10% of revenue must come from alternative sources. Starting in 2023, the Veteran Affairs benefits are counted as federal financial ai
Slide 17: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM Chad Nyce EVP, Chief Innovation Officer (4) Alexandra Luster EVP, General Counsel & Secretary (29) Peter Tahinos SVP of Marketing (9) Val Thomas SVP & Chief Information Officer (14) Stephen Ace SVP of Human Resources (16) Susan English SVP of Career Services & Industry Pa
Slide 18: Board of Directors
BOARD OF DIRECTORS Carlton Rose Former President, Global Fleet Maintenance & Engineering, UPS; 1981 Lincoln Tech Graduate Scott M. Shaw President & Chief Executive Officer, Lincoln Educational Services Felecia Pryor Chief Human Resources Officer, John Deere Sylvia J. Young Former President & Chief E
Slide 19: Investment Merits
INVESTMENT MERITS A national leader in hands-on transportation, skilled trades, and healthcare training z Organic revenue growth with increasing profitability The skills gap will drive growth for the next decade In a down economy, Lincoln’s growth and profitability can increase substantially Opportu
Slide 20: Thank You!
Thank You!
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