Stadio Holdings Pty Ltd. · JSE:SDO
Stadio Holdings Pty — Shareholder Meeting (June 2021)
50 slides from Stadio Holdings Pty's shareholder meeting presentation, Jun 22, 2021
Slide 1: 2021 Annual General Meeting
2021 Annual General Meeting 22 June 2021
Slide 2: Presenting
PRESENTING: STADIO MILPARK EDUCATION FORMERLY @|EMBURY LISOF sessuee SD
Slide 3: Constitution of the Meeting
3 CONSTITUTION OF THE MEETING A quorum was present and the meeting was properly constituted.
Slide 4: Presentation of Annual Financial Statements
4 PRESENTATION OF ANNUAL FINANCIAL STATEMENTS • 15 March 2021: Annual financial statements for the year ended 31 December 2020 were published • 30 April 2021: Annual integrated report for the year ended 31 December 2020 was published • 30 April 2021: Distributed the Notice of AGM to shareholders inc
Slide 5: Ordinary Resolutions
5 ORDINARY RESOLUTIONS ORDINARY RESOLUTION NO. 1 Confirmation of appointment of Dr TV Maphai as an independent non-executive director ORDINARY RESOLUTION NO. 2 To re-elect Dr TH Brown as an independent non-executive director ORDINARY RESOLUTION NO. 3 To re-elect Dr CR van der Merwe as a non-executiv
Slide 6: Ordinary Resolutions
6 ORDINARY RESOLUTIONS ORDINARY RESOLUTION NO. 5 To re-appoint Ms M Mokoka as a member and chairperson of the Audit and Risk Committee of the Company ORDINARY RESOLUTION NO. 6 To re-appoint Dr CB Vilakazi as a member of the Audit and Risk Committee of the Company ORDINARY RESOLUTION NO. 7 To re-appo
Slide 7: Ordinary Resolutions
7 ORDINARY RESOLUTIONS ORDINARY RESOLUTION NO. 9 General authority to issue ordinary shares for cash ORDINARY RESOLUTION NO. 10 Non-binding endorsement of STADIO Holdings’ Remuneration Policy ORDINARY RESOLUTION NO. 11 Non-binding endorsement of STADIO Holdings’ Implementation Report on the Remunera
Slide 8: Special Resolutions
8 SPECIAL RESOLUTIONS SPECIAL RESOLUTION NO. 1 Remuneration of chairperson of the Board SPECIAL RESOLUTION NO. 2 Remuneration of members of the Board SPECIAL RESOLUTION NO. 3 Remuneration of chairperson of the Audit and Risk Committee SPECIAL RESOLUTION NO. 4 Remuneration of members of the Audit and
Slide 9: Special Resolutions
9 SPECIAL RESOLUTIONS SPECIAL RESOLUTION NO. 5 Remuneration of chairpersons of the Remuneration and Nominations Committee SPECIAL RESOLUTION NO. 6 Remuneration of members of the Remuneration and Nominations Committee SPECIAL RESOLUTION NO. 7 Remuneration of chairperson of the Transformation, Social
Slide 10: Special Resolutions
10 SPECIAL RESOLUTIONS SPECIAL RESOLUTION NO. 9 Ad hoc remuneration of members of the Board under rare circumstances SPECIAL RESOLUTION NO. 10 General authority to provide inter-company financial assistance SPECIAL RESOLUTION NO. 11 General authority to provide financial assistance for the subscript
Slide 11: CEO's Feedback
CEO’S FEEDBACK Mr Chris Vorster
Slide 12: Our Purpose and Vision
12 OUR PURPOSE: To empower the nation by widening access to higher education OUR VISION: To be a leading Higher Education provider, offering qualifications aligned with the needs of societies, students and the world of work
Slide 13: STADIO Holdings brands
STADIO — HOLDINGS — STADIO MILPARK —_——_ EDUCATION FORMERLY
Slide 14: What We Stand For
WHAT WE STAND FOR STADIO HEI’s AFDA & Milpark’s COMPETITIVE COMPETITIVE STRATEGY STRATEGY is is OPERATIONAL PRODUCT LEADERSHIP EXCELLENCE offering customers “providing customers with niche products (financial reliable products or services at services and film and media) at competitive prices and del
Slide 15: What We Stand For
1515 WHAT WE STAND FOR • We are not striving to be another public university • We’re an institution for the “real-world” • Offering programmes which are Relevant Flexible Aligned to the world-of work Fill the skills-gap, and Meet the high academic standards of a registered higher education
Slide 16: What We Stand For
1616 WHAT WE STAND FOR • We are opening the doors of higher education to more individuals • Making higher education more affordable and accessible • Providing International partnerships and opportunities • With a strong focus on employability
Slide 17: How We See It
HOW WE SEE IT 20% SUSTAINABLE GROWTH DISTANCE LEARNING 30% OUR FOCUS (WWS) * Site extensions * New programme development across modes and streams * Centre for Lifelong Learning * Quality assurance * International collaborations * Industry relationships and graduate employability * Continuous improve
Slide 18: Looking Back at 2020
LOOKING BACK AT 2020
Slide 19: Financial Highlights from 2019 to 2020
19 FINANCIAL HIGHLIGHTS FROM 2019 TO 2020 * EBITDA adjusted to exclude the CA Connect fair value adjustment • Fair value adjustment in respect the CA Connect acquisition due to outperformance of the PGDA • Increase in loss allowance
Slide 20: 5 Year Financial Overview
20 5 YEAR FINANCIAL OVERVIEW STADIO 2016 2017 2018 2019 2020 Student Numbers 840 12 976 29 885 31869 35 031 Revenue (Rm) 46 122 633 815 933 EBITDA - adjusted (Rm) i 0.5 129 196 253 Core Headline Earnings (Rm) 8 3 70 88 117 Core Headline Earnings per share (cents) 17 0.6 8.6 10.8 14.2 n=
Slide 21: Statement of Financial Position
21 STATEMENT OF FINANCIAL POSITION • Invested R105m on capital expenditure • Impaired R51m of intangible assets • Debt at year end R45m • R117m of cash on hand • Gearing ratio 14% (3% excluding IFRS 16 lease liability
Slide 22: Academic Project
2020 ACADEMIC PROJECT
Slide 23: 2020 Academic Project
2020 ACADEMIC PROJECT Our academic structure is underpinned by quality and academic governance
Slide 24: 2021 & Beyond: Where Are We Going
2021 & BEYOND WHERE ARE WE GOING
Slide 25: 2021 Corporate and Other Developments
25 2021 CORPORATE AND OTHER DEVELOPMENTS • Feb 2021: Transfer of Durbanville land (to develop for likely opening in 2024, subject to business case) • April 2021: Finalised acquisition of SBS Namibia (26%) • April 2021: My Octopus Teacher wins Oscar for Best Documentary Feature (AFDA alumni) • June 2
Slide 26: Capitec Partnership
26 CAPITEC PARTNERSHIP • Capitec have launched their credit for education offering using STADIO Group as its pilot partner • Credit portal included on our websites – makes funding options easily accessible for students • Students apply directly to Capitec for a student loan to study at STADIO, AFDA
Slide 27: Semester One: What About Student Numbers?
SEMESTER ONE WHAT ABOUT STUDENT 2021? NUMBERS
Slide 28: Student number growth
80% DISTANCE LEARNING 20% CONTACT LEARNING 840 STUDENTS 12 976 STUDENTS 35 031 STUDENTS 56 000 STUDENTS 100 000+ STUDENTS ? JAN 3 OCT DEC PAT R500m 2017 2017 2020 2026* * As disclosed in the Pre-listing Statement
Slide 29: Student Number Update (Semester 1)
STUDENT NUMBER UPDATE (SEMESTER 1) EXCLUDES STUDENTS ENROLLED IN SHORT -LEARNING PROGRAMMES
Slide 30: Student Numbers Unpacked
STUDENT NUMBERS UNPACKED FACTORS INFLUENCING NUMBERS: IS THERE STILL A 1. Impact of COVID-19 (contact learning hardest hit) MARKET FOR CONTACT • move from contact learning to distance learning offerings LEARNING? • economic effects (contact learning is at a higher price point) • less marketing oppor
Slide 31: Our Growth Strategy
OUR GROWTH STRATEGY
Slide 32: Growth Opportunities
32 32 GROWTH OPPORTUNITIES NEW PROGRAMMES, STREAMS & MODES (INCLUDING INTERNATIONAL HYBRID FLEXIBLE COLLABORATION LEARNING) INCREASING GEOGRAPHIC FOOTPRINT UTILISATION OF BUILDINGS 11% student CLL DUE TO REGULATORY DELAYS growth is WE HAVE NOT BEEN ABLE TO exciting ACTIVATE OUR GROWTH OBJECTIVES TO
Slide 33: Widening Access – Geographical Expansion
33 33 WIDENING ACCESS – GEOGRAPHICAL EXPANSION CONTACT LEARNING DISTANCE LEARNING Our strategy is not to build a mega-campus in every major city Consolidation and optimisation of existing campuses 20% 80%
Slide 34: STADIO Centurion
STADIO CENTURION CENTURION 30 MAY 2021
Slide 35: Centurion
CENTURION
Slide 36: Slide 36
Slide 37: New Programmes for 2021
37 37 NEW PROGRAMMES FOR 2021 STADIO HIGHER EDUCATION: DL – DISTANCE LEARNING • Doctorate in Management (DL) CL – CONTACT LEARNING • Doctorate in Policing (DL) • Diploma in Policing (DL) • BCom Project Management (CL) • HC in Digital Marketing (CL) • BA Law (DL) WIDER GROUP: • BA in Creative Writing
Slide 38: New Programmes for 2021
38 38 NEW PROGRAMMES FOR 2021 47 pipeline programmes, 16 of which have been submitted Across distance learning and contact learning modes of delivery. Covering the following areas: Accounting Architecture Agriculture Arts and Design Education (including Technical and Vocational Training) Engin
Slide 39: COVID-19
COVID-19 The Health and Safety of our staff and students The continuation of the academic project The protection of financial resources as well as stakeholders’ interests:
Slide 40: Integrated Annual Report
40 INTEGRATED ANNUAL REPORT • THANK YOU to our Company Secretary and all involved in producing the STADIO Holdings 2020 Integrated Annual Report. • If you have not seen the Integrated Report, you can find it on our website at www.stadio.co.za/recent-reports/
Slide 41: Transformation, Social & Ethics Feedback
TRANSFORMATION, SOCIAL & ETHICS FEEDBACK DR BUSI VILAKAZI TRANSFORMATION, SOCIAL AND ETHICS COMMITTEE - CHAIRPERSON
Slide 42: Sustainable Value Creation for Stakeholders
SUSTAINABLE VALUE CREATION FOR STAKEHOLDERS • Transformation is part of STADIO’s DNA • The Group is working on its B-BBEE strategy with the aim to reach Level 3 over time • In 2020, total of R24 million was spent on bursaries, discounts and scholarships, of which more than 70% of bursaries was award
Slide 43: Community Engagement
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Slide 44: Community Engagement
COMMUNITY ENGAGEMENT Focusing on an integrated approach where the following are addressed simultaneously Teaching Community and Engagement Learning Research
Slide 45: Community Engagement
COMMUNITY ENGAGEMENT The STADIO Group adopted a comprehensive framework spanning from CSR and outreach initiatives to projects integrated in the curriculum • Engagement with the Home of Hope for Girls - Milpark Education’s Social Responsibility and Environmental Management module - an integrated par
Slide 46: Q&A
Q& A OUR PURPOSE: To empower the nation by widening access to higher education
Slide 47: Resolutions: Results of Voting
RESOLUTIONS RESULTS OF VOTING
Slide 48: Results
RESULTS • All ordinary and special resolutions were passed with the majority of the votes – refer to the AGM Results released on SENS.
Slide 49: Thank You
49 THANK YOU ENKOSI RE A LEBOGA DANKIE
Slide 50: STADIO Holdings
STADIO HOLDINGS STADIO Ne —_—_ — EDUCATION @|EMBURY LISOF essai $3