Kip Mcgrath Education Centres Limited · ASX:KME
Kip Mcgrath Education Centres — H1 FY2022 Earnings Presentation
11 slides from Kip Mcgrath Education Centres's earnings presentation, Feb 28, 2022
Slide 1: Investor Update
For personal use only Investor Update Kip McGrath Education Centres Ltd 28 February 2022 1
Slide 2: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Kip McGrath Education Centres Limited (Company). Disclaimer Statements in this presentation are made only as at 28 February 2022 and the information in this To the maximum extent permitted by law, the Company disclaims all respo
Slide 3: 31 December 2021 Highlights
31 December 2021 Highlights For personal use only Growth returning across all major markets despite Omicron wave impacting centres in key locations Focus is on transforming from a franchise only face to face tuition business, to a multi-channel, blended learning global tutoring business Tutorfly acq
Slide 4: December 2021 Results
31 December 2021 Results For personal use only Revenue up 32.9% to 11.354M EBITDA up 15.6% to 2.842M (up 46% if Jobkeeper is excluded from pcp) Profit after tax up 11.1% to 0.918M (up 193% if Jobkeeper is excluded from pcp) Invested $1.2M in technology for the half year and $2.8M on acquisitions Hal
Slide 5: Network Revenues HY1 FY2022
Network Revenues Global Online Network Revenues* of A$18.5M up 15% HY1 FY2022 (compared to PCP) For personal use only United Kingdom / Europe Global Network Revenues* of A$47.6M up 16% Network Revenues A$22.7M Up 13% Online Lessons A$8.2M Down 15% USA - Tutorfly Acquired Q1 FY2022 A$0.7M Australasia
Slide 6: Tutorfly Acquisition
For personal use only Purchased a 70% stake in the US based business Tutorfly.com (‘Tutorfly’) in September. In mid February 2022 completed acquisition of the remaining 30% Tutorfly Tutorfly is an incubator tutoring business concentrating on the peer-to-peer section of the market, which achieved rap
Slide 7: Corporate Centres Channel
Corporate Centres Channel For personal use only Corporately owned centres have grown significantly with the addition of 5 more centres in January We now have 22 Corporate Centres operating across the following markets • Sydney • Brisbane • Melbourne • Canberra • Newcastle • Perth • New Zealand • The
Slide 8: Corporate Centres Channel Revenues
Corporate Centres Channel Revenues For personal use only 8
Slide 9: Franchise Channel
Franchise Channel For personal use only Lesson demand strong where markets have emerged from lock down. Number of weekly lessons now returned to pre-Covid levels and growing New franchise sales remain reasonable with 9 sold during the half year. Buyer interest remains solid due to our blended learni
Slide 10: Technology & IP
Technology & IP For personal use only The platform remains very stable across face to face and online tutoring Systems have been developed for the rapid growth of the Corporate Centres. This has been a major focus for the half. This includes use of Salesforce, Marketing Journey and centralised call
Slide 11: Outlook
Outlook For personal use only We expect the business to grow revenues in line with pre-pandemic rates. Focus will be on growth opportunities worldwide to increase lesson numbers in a rapidly changing tutoring landscape Continue to progress the corporate centres strategy to increase revenue and profi
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