Perdoceo Education Corporation · NASDAQ:PRDO
Perdoceo Education — Career Education — Q2 2017 Earnings Presentation
8 slides from Perdoceo Education's earnings presentation, Aug 9, 2017
Slide 1: Second Quarter 2017 Investor Conference Call
CAREER EDUCATION CORPORATION SECOND quarter 2017 investor conference call August 9, 2017 A.J. Cederoth Senior Vice President & Chief Financial Officer Ashish Ghia Vice President, Finance Todd Nelson President & Chief Executive Officer Exhibit 99.2
Slide 2: Cautionary Statements
This presentation contains “forward-looking statements,” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that reflect our current expectations regarding our future growth, results of operations, cash flows, performance and business prospects and opportunities, as well a
Slide 3: Outlook Update – Analysis of Adjusted Operating Income
Outlook Update – Analysis of Adjusted Operating Income Estimated outlook is based on assumptions listed on slide 5 See slides 6-8 for a GAAP to non-GAAP reconciliation of adjusted operating income (loss) Unused space charges represent the net present value of remaining lease obligations for vacated
Slide 4: 2017 Outlook – University Group & Corporate
2017 Outlook – University Group & Corporate Estimated 2017 amounts are based on assumptions listed on slide 5 See slides 6-8 for a GAAP to non-GAAP reconciliation of adjusted operating income (loss) Unused space charges represent the net present value of remaining lease obligations for vacated space
Slide 5: Outlook Assumptions
Outlook Assumptions Achievement of the outlook included within these slides is based on the following key assumptions and factors, among others: Prospective student interest in our programs continues to trend in line with recent experiences Modest total enrollment growth within the University Group
Slide 6: Operating Income (Loss)
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) CAREER EDUCATION CORPORATION AND SUBSIDIARIES **should match the exhibits table UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ITEMS (1) (In thousands) ACTUAL ACTUAL For The Quarter Ended June 30, For The Year to Date Ended Ju
Slide 7: Operating Income (Loss) cont'd
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) cont’d CAREER EDUCATION CORPORATION AND SUBSIDIARIES UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP ITEMS (1) (In thousands) ACTUAL ACTUAL OUTLOOK ACTUAL OUTLOOK Adjusted Operating Income (Loss) 2015 2016 2017 2018 Q3 2016 Q3
Slide 8: Operating Income (Loss) cont'd
Reconciliation of GAAP to Non-GAAP Items – Adjusted Operating Income (Loss) cont’d (1) The Company believes it is useful to present non-GAAP financial measures which exclude certain significant items as a means to understand the performance of its operations. As a general matter, the Company uses no