American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q1 2018 Earnings Presentation
7 slides from American Public Education's earnings presentation, May 8, 2018
Slide 1: Education that makes a difference
Education that makes a difference FIRST QUARTER 2018 RESULTS | MAY 8, 2018 PRESENTED BY DR. WALLACE BOSTON - PRESIDENT AND CEO MR. RICHARD SUNDERLAND, CPA – EXECUTIVE VP AND CFO MR. CHRISTOPHER SYMANOSKIE, IRC – VICE PRESIDENT OF INVESTOR RELATIONS
Slide 2: Safe Harbor Statement
PAGE 1 Statements made in this presentation regarding American Public Education, SAFE HARBOR Inc., or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and STATEMENT projections about American Public Education, Inc. a
Slide 3: Recent Results and Highlights
PAGE 2 • APUS net course registrations by new students decreased 11% y/y and total net course registrations declined 4% y/y for RECENT the three months ended March 31, 2018. RESULTS AND • In January of 2018, the first course pass and completion rate, HIGHLIGHTS a measure of student persistence, for
Slide 4: Financial Results Summary First Quarter 2018
PAGE 3 • Consolidated revenues decreased 1% to $75.0 million, compared to $75.7 million in the same period of 2017. FINANCIAL • Costs and Expenses: RESULTS • Instructional costs and services expenses increased as a percentage of revenues to 39.6%, compared to 38.3% in the SUMMARY prior year period.
Slide 5: APEI Outlook Second Quarter 2018
PAGE 4 Second Quarter 2018 APEI OUTLOOK Approx. Y/Y Change SECOND QUARTER 2018 APUS Net course registrations1 by new students -8% to -3% APUS Net course registrations1 -2% to +2% The following statements are based on current expectations. HCN New student enrollment2 Approx. +5% These statements are
Slide 6: Empowered to Change the World
PAGE 5 EMPOWERED TO CHANGE THE WORLD DIVERSE, HIGH-DEMAND AND Potential catalysts for value creation: COMPETITIVE STRENGTH IN HIGHLY RELEVANT STRONG BALANCE SHEET AND AFFORDABLE, ASSESSABLE CURRICULUM FOCUSED ON NET CASH FROM OPERATING • Strong & growing market demand PROGRAMS WORKFORCE SKILLS ACTIV
Slide 7: GAAP to Adjusted Net Income Reconciliation
PAGE 6 APPENDIX GAAP to Adjusted Net Income Reconciliation: The following table sets forth the reconciliation of the Company’s reported GAAP net income to the GAAP TO ADJUSTED NET calculation of adjusted net income for the three months ended March 31, 2018 and 2017: INCOME RECONCILIATION (In thousan
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