Idp Education Ltd. · ASX:IEL
Idp Education — Shareholder Meeting (October 2024)
24 slides from Idp Education's shareholder meeting presentation, Oct 15, 2024
Slide 1: IDP Education Limited 2024 AGM
ASX announcement 15 October 2024 IDP Education Limited 2024 AGM Please find attached the Chair and Chief Executive Officer addresses and presentation slides to shareholders ahead of IDP Education Limited’s 2024 Annual General Meeting, which will be held in Melbourne this morning. The meeting will be
Slide 2: Chair Address
IDP Education 2024 Annual General Meeting – 15 October 2024 Chair Address Every day, thousands of people around the world connect with IDP for one reason. They connect with our teams to improve their lives through international education. They come to IDP because they are looking for a partner to gu
Slide 3: International education has experienced steady growth for several decades
International education has experienced steady growth for several decades, despite various domestic policy changes within both source and destination markets. According to UNESCO data, up until 2021, the annual number of globally mobile students had increased by just over seven per cent per annum fo
Slide 4: We will continue strengthening and reporting on our sustainability practices
We will continue strengthening and reporting on our sustainability practices over the years ahead. In doing so, we are preparing to meet mandatory reporting requirements ahead of the implementation of the Australian Sustainability Reporting Standards next year and, more importantly, managing our imp
Slide 5: Slide 5
Slide 6: Chief Executive Officer and Managing Director Address
IDP Education 2024 Annual General Meeting – 15 October 2024 Chief Executive Officer and Managing Director Address To our shareholders and colleagues, good morning. In the international education industry, the financial year 2024 was a year marked by government policy changes and increased uncertainty
Slide 7: Performance results
Performance results Turning now to our performance results, as Peter said, we passed the billion-dollar mark for revenue for the first time, which reflects a six per cent increase from the prior year. Our adjusted EBIT of $239 million was up four per cent, as we maintain a disciplined approach to cost
Slide 8: Added 15 new offices and 50 new higher education providers
And, as part of our focus on long-term strategic opportunities, this year, we added 15 new offices in high-growth areas, allowing us to reach more people with our life- changing services and bolstering our unrivalled physical footprint. Finally, we were pleased to welcome 50 new higher education pro
Slide 9: Envoy launch and a clear global strategy
A final point on language testing; in October, we launched Envoy, IDP’s first AI-powered English language proficiency test. While it is in its early stages, Envoy demonstrates IDP’s focus on combining AI and our human expertise to help our customers achieve their goals. Our key message for language tes
Slide 10: As an owner of IDP, you are part of an Australian success story
As an owner of IDP, you are part of an Australian success story that is helping tomorrow’s generation of global learners achieve their goals. Our customers and their families spend years planning their international education. Current challenges do create obstacles, but they do not extinguish the sp
Slide 11: Annual General Meeting
Annual General Meeting FY24 fom ne} of
Slide 12: Chair
Peter Polson Chair Feidp
Slide 13: Board of Directors
Peter Polson Tennealle O’Shannessy Michelle Tredenick Ariane Barker Non-Executive Director Managing Director and Non-Executive Director Non-Executive Director and Chair Chief Executive Officer Professor Colin Stirling Greg West Chris Leptos AO Tracey Horton AO Andrew Barkla Non-Executive Director No
Slide 14: Chair's address
Peter Polson Chair’s address Feidp
Slide 15: Transforming lives through international education
Transforming lives through international education IDP 2024 Annual General Meeting – Page 5
Slide 16: Internationally mobile students (IDP source countries)
Outbound Internationally mobile students (IDP source countries)* 3 COVID 2 7% 23 Year CAGR Millions GFC 1 SARS 9/11 2021 Source: UNESCO Institute for Statistics * The chart shows total internationally mobile students for all current IDP source countries which has grown from 0.6m in 1998 to 2.9m in 2
Slide 17: Record revenue and EBIT reflect the strength of IDP's business strategy
Record revenue and EBIT reflect the strength of IDP’s business strategy and the resilience of the industry Revenue EBIT (Adjusted)1 $1,037m $239m Up 6% Up 4% NPAT (Adjusted) 1 FY24 Dividends2 $154m 34cps Down 1% Down 17% 1 EBIT (Adjusted), NPAT (Adjusted) excludes intangible asset amortisation gener
Slide 18: IDP 2024 Annual General Meeting – Page 8
IDP 2024 Annual General Meeting – Page 8
Slide 19: Meyliani, IELTS test taker from Indonesia
“I feel proud of my English. This is just the start for me, I can’t wait to see where my English abilities will take me next.” Meyliani , IELTS test taker from Indonesia IDP 2024 Annual General Meeting – Page 9
Slide 20: Chief Executive Officer's update
Chief Executive Officer’s update
Slide 21: Student Placement, IELTS, English Language Teaching volumes
Student English Language Placement Testing 98,900 1,584,100 APFs1, IELTS tests, up 17% down 18% English Language Other SP Teaching Services2 106,600 $58m Courses, Revenue, up 13% up 21% 1 APF is the number of Application Processing Fees, being the fee IDP Education receives from its client education
Slide 22: IDP student placement volume growth v industry growth
IDP student placement volume growth v industry growth* FY24* v PCP IDP Total +17% Australia Canada UK USA Industry Total -13% * IDP data is invoiced volumes (ie APF’s) for period until 30 June 2024 Industry data uses latest available at time of publication as follows: Industry IDP - Australia: Stude
Slide 23: 3.98m tests taken globally
3.98m 12,500 1,800 tests taken recognising organisations. organisations globally Trusted by more organisations recognise than any other high stakes test IELTS One Skill Retake IDP 2024 Annual General Meeting – Page 13
Slide 24: IDP 2024 Annual General Meeting – Page 14
IDP 2024 Annual General Meeting – Page 14