Kip Mcgrath Education Centres Limited · ASX:KME
Kip Mcgrath Education Centres — Shareholder Meeting (November 2023)
17 slides from Kip Mcgrath Education Centres's shareholder meeting presentation, Nov 21, 2023
Slide 1: Annual General Meeting 21 November 2023
For personal use only Kip McGrath Education Centres Ltd Annual General Meeting 21 November 2023
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Kip McGrath Education Centres Limited (Company). Disclaimer For personal use only Statements in this presentation are made only as at 21 November 2023 and the information in this To the maximum extent permitted by law, the Company disclaims all respo
Slide 3: Annual General Meeting Agenda
Annual General Meeting Agenda 21st November 2023 For personal use only 1 2 3 4 Chairman’s CEO’s Formal Business Questions Introduction Presentation of the Meeting Annual General Meeting Nov 23 | 3
Slide 4: Chairman's introductory comments
Chairman’s introductory comments In FY23, we witnessed robust growth thanks to strategic investments aligned with our corporate plan. We maintained a strong cash flow of $6.4 million, with a particular focus on software rollout and corporate profitability. This translated to steady growth in revenue
Slide 5: CEO Presentation
For personal use only CEO Presentation
Slide 6: FY23 Key financials
FY23 Key financials Revenue ($’m) Franchise revenue ($'m) For personal use only $26.8 $17.8 $24.6 Franchise Network $16.7 • Franchise Revenues +6.5% YoY • 476 active centres streamlined FY22 FY23 FY22 FY23 with focus on high-revenue EBITDA ($’m) Corporate Centres Corporate Centre revenue ($'m) $6.7
Slide 7: Q1 FY24 Highlights
IMPRESSIVE 20% Global revenue grew by 20% in Q1, driven by strong performance in Corporate, UK and Tutorfly REVENUE GROWTH For personal use only STEADY GROWTH IN We’ve achieved consistent growth in average lessons across our Gold partners, student numbers are AVERAGE LESSONS up 4% while lesson numbe
Slide 8: Tutorfly
Tutorfly For personal use only • Tutorfly's Q1 revenue increased by 4.7x, with contracted works of A$3.0M for FY24 • Conducted 5,000 tutoring sessions in New Mexico and over 1,850 in-person sessions for Uplift Education in Texas, achieving a 100% teacher satisfaction rate • Expanded Tutorfly's prese
Slide 9: Key levers to deliver strategic growth
Key levers to deliver strategic growth – LEVER 2 Q1 FY24 outcomes Increase number of centres in existing For personal use only markets • Strategic centre placement continues to maximise revenue potential LEVER 1 • Increase of 6 Corporate Centres in first quarter • Technology enhancements are facilit
Slide 10: Corporate Centres
Corporate Centres For personal use only UK (4) AU (26) NZ (5) Expanded from 24 centres in FY22 to 29 centres in FY23, including five Progressing to plan with our buy-back strategy to secure ownership of successful acquisitions in Q1 (3 in NZ, 2 in the UK) increasing our global franchisees in high-po
Slide 11: Key levers to deliver strategic growth – Q1 FY24 outcomes
Key levers to deliver strategic growth – Q1 FY24 outcomes For personal use only LEVER 3 Increase global market footprint LEVER 4 • Our focus remains on entering new markets Increase lifetime value • New US centre to open by March 2024 in Frisco, Texas of customer • Up 7% globally in Q1 FY24 • ANZ re
Slide 12: Training & Technology
BLENDED Successful release of blended model to 29% of centres globally offering a seamless learning experience LEARNING For personal use only Training & Technology STUDENT REPORTING Delivered student reporting and attendance tracking feature showing student growth and customer return on investment T
Slide 13: AI-powered enhancements
• Kip McGrath is utilising and investigating Artificial Intelligence (AI) and Machine Learning (ML) to enhance learning with a human touch, our key competitive advantage. Delivered functionality for monitoring inappropriate behavior using AI AI-powered For personal use only enhancements • Our extens
Slide 14: Outlook July 2023 – June 2024
Outlook 1 July 2023 – 30 June 2024 For personal use only • Global revenues on track to increase by 20% compared to prior year • Our four strategic levers remain central to sustained growth, emphasising revenue and margin enhancement • Tutorfly is positioned for continued high-growth in a well-funded
Slide 15: Questions
For personal use only Questions
Slide 16: Formal Business of Meeting
Formal For personal use only Business of Meeting
Slide 17: Formal Business of Meeting
Formal Business of Meeting Resolution 1 - Re-election of Mr Trevor Folsom For personal use only For Against Abstain Discretion Excluded Total 15,723,910 6,357 149,816 33,347 - 15,913,430 Resolution 2 - Adoption of Remuneration Report For Against Abstain Discretion Excluded Total 15,546,523 204,756 1
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