American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q2 2020 Earnings Presentation
10 slides from American Public Education's earnings presentation, Aug 10, 2020
Slide 1: Second Quarter Results August 2020
Second Quarter Results August 2020 PRESENTED BY Angela Selden President and CEO Richard Sunderland, CPA Executive VP and CFO PURPOSE MADE POSSIBLETM Exhibit 99.2
Slide 2: Safe Harbor Statement
Safe Harbor Statement Statements made in this presentation regarding American Public Education, Inc., or its subsidiaries, that are not historical facts are forward-looking statements based on current expectations, assumptions, estimates and projections about American Public Education, Inc. and the
Slide 3: APEI: Purpose Made Possible
The original vision of our founder, a Marine Corps veteran, is alive and well at APEI. We continue to put student outcomes and flexible, inclusive academic experiences at the center of all we do. We are proud that a growing number of adult learners who seek affordable, safe, and uninterrupted access
Slide 4: APUS: Higher Education Return on Investment (HEROI)
APUS: Higher Education Return on Investment (HEROI)TM Low or No APUS-Incurred Student Loan Debt Per credit hour cost has increased only $35 since 2001 $0 for books and materials for most students since 2001 The APUS Book Grant has provided learners with $142M in savings with no-cost course materials
Slide 5: Hondros: A Better Way to Become a Nurse
Hondros: “A Better Way to Become a Nurse” “1+1” Laddered Programs of Study Relevant to the Workplace Concept-Based Curriculum High definition simulation labs 85+ healthcare partnerships provide clinical access for students 45+ employer partnerships providing tiered pricing to maximize employer tuiti
Slide 6: APEI Second Quarter Results & Priorities
Grow APUS Enrollments. Net course registrations by new students at APUS increased year-over-year in each primary funding category, including FSA. APEI Second Quarter Results & Priorities Enhance the Student Experience. APUS continued to rollout its cloud-based learning management system and plans to
Slide 7: APEI Second Quarter 2020 Financial Summary
16.4% Consolidated Revenue $82.1M 50.8%1 Diluted EPS $0.45 300bps Y/Y Improvement in EBIT Margin Consolidated revenue increased by 16.4% to $82.1 million, compared to $70.6 million in the same period of 2019. The increase was primarily driven by increases in enrollment at both APUS and HCN. Net inco
Slide 8: APEI Outlook Third Quarter 2020
APEI Outlook Third Quarter 2020 Approximate Y/Y Change APUS Net course registrations1 by new students +10% to +14% APUS Net course registrations1 +8% to +12% HCN New student enrollment2 +88% HCN Student enrollment2 +38% APEI Consolidated revenue +10% to +14% APEI Consolidated net income per share $0
Slide 9: Thank you
Thank you
Slide 10: Costs and Expenses as Percentage of Revenue, Three Months Ended June 30, 2020
Three Months Ended June 30, 2020 2019 COSTS AND EXPENSES Instructional costs and services 37.4% 40.7% Selling and promotional 20.8% 20.0% General and administrative 26.5% 25.7% Loss on disposals of long-lived assets 0.2% — Depreciation and amortization 4.1% 5.6% Total costs and expenses 89.0% 92.0%
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