Covista Inc. · NYSE:CVSA
Covista — Adtalem Global Education — Q1 2021 Earnings Presentation
15 slides from Covista's earnings presentation, Nov 5, 2020
Slide 1: Q1 2021 Earnings Presentation
Q1 2021 Earnings Presentation November 5, 2020
Slide 2: Safe Harbor
Safe Harbor Certain statements contained in this presentation are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does n
Slide 3: Q1 2021 Highlights
Q1 2021 Highlights Q1 2021 Delivered double-digit enrollment growth in Medical and Healthcare vertical Revenue $268.2 million Net Income 1 Strength of results underscores Workforce Solutions strategy $41.2 million Diluted Earnings Per Share 1 Superior academic outcomes and low cohort default rates $
Slide 4: Medical & Healthcare
Medical & Healthcare Strong enrollments and return to clinicals drove growth across the vertical • Chamberlain University: - Largest enrollment in the university’s history with new student enrollment increasing 13.2% and total student enrollment increasing 11.9% in September session - Strong student
Slide 5: Financial Services
Financial Services Adding talented leadership and expanded offerings to enable long-term growth • ACAMS: - Successful virtual Las Vegas conference, attracting 1,500 paid attendees - Continued leadership talent acquisition with the hiring of VP of Global Sales - Further established as a trusted partn
Slide 6: Q1 2021 Financial Highlights
Q1 2021 Financial Highlights Revenue $268 $255 ($ in millions) 5.4% • Revenue growth driven primarily by Chamberlain enrollment growth and solid revenue growth in Financial Services Q1 2020 Q1 2021 Operating Income1 ($ in millions) $54 • Operating income1 driven by increased 97.7% revenue across the
Slide 7: Q1 2021 Financials by Vertical
Q1 2021 Financials by Vertical Revenue ($M) Operating Income1 ($M) Medical & Healthcare • Revenue increased • Operating income driven 5.5% year-over-year, driven by solid revenue growth, 85.2% cost efficiencies as well by strong student enrollment growth at as lower variable Chamberlain, partially e
Slide 8: Generating Strong Free Cash Flow
Generating Strong Free Cash Flow Key Metrics Q1 2021 Results 2 Trailing Twelve Months3 Operating Cash Flow 1 $84.7 million $200.7 million $250 $152.6 million Free Cash Flow 1 $70.2 million ($72) ($125) ($125) ($163) 1)From continuing operations 2) For three months ended September 30, 2020 3) For the
Slide 9: Liquidity and Capital Structure
Liquidity and Capital Structure Key Metrics June 30, 2020 September 30, 2020 Cash, cash equivalents $501 million $562 million Capacity available under revolver $232 million $232 million Total Debt $294 million $293 million Capex1 $12 million2 $14 million3 1)From continuing operations 2)Three months
Slide 10: Appendix
Appendix ADTALEM
Slide 11: Non-GAAP Financial Measures and Reconciliations
Non-GAAP Financial Measures and Reconciliations • We believe that certain non-GAAP financial measures provides investors with useful supplemental information regarding the underl ying business trends and performance of Adtalem’s ongoing operations and is useful for period-over-period comparisons. We
Slide 12: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables ©2020 Adtalem Global Education Inc. All rights reserved. 12
Slide 13: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables ©2020 Adtalem Global Education Inc. All rights reserved. 13
Slide 14: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables ©2020 Adtalem Global Education Inc. All rights reserved. 14
Slide 15: Non-GAAP Reconciliation Tables
Non-GAAP Reconciliation Tables ©2020 Adtalem Global Education Inc. All rights reserved. 15
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