American Public Education, Inc. · NASDAQ:APEI
American Public Education — Q4 2011 Earnings Presentation
11 slides from American Public Education's earnings presentation, Feb 28, 2012
Slide 1: Fourth Quarter and Full Year 2011 Conference Call
Fourth Quarter and Full Year 2011 Conference Call Leading the Way February 2011 February 28, 2012
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 and the industr
Slide 3: Net Course Registrations by Primary Pay Type, Full Year 2011 Results
Net Course Registrations by Primary Pay Type Full Year 2011 Results: Cash & Other 13% FSA/Title IV 37% VA 9% Civilian students serve as primary growth driver, while the diversification of AMU/APU’s student population Military/TA 41% continues as planned The focus on quality and customer satisfaction
Slide 4: Growing Recognition for Academic Quality and Learning Outcomes
Growing Recognition for Academic Quality and Learning Outcomes Walmart is proud to add a family benefit to its Lifelong Learning Program in partnership with APU whereby spouses and dependents of eligible Walmart and Sam’s Club associates in the United States can access the program’s Lifelong Learnin
Slide 5: Driven to Create a Positive Student Experience
Driven to Create a Positive Student Experience AMU & APU Graduates 21,300+ Alumni APUS Graduating Seniors Surveyed: 98% evaluated their experience as positive.(1) 96% say they would choose APUS again.(1) APUS Alumni Surveyed: 95% agreed or strongly agreed that AMU/APU met their expectations(2) 91% w
Slide 6: Factors Possibly Impacting Military Communities
Factors Possibly Impacting Military Communities Total DoD course enrollments using TA remained roughly flat year-over-year 75% of all TA courses through distance learning Possible Tuition Assistance cuts Potential for deployments and drawdowns (Afghanistan) Probable reductions to troop end strength
Slide 7: Differentiated Value Proposition = Larger Market
Differentiated Value Proposition = Larger Market Distribution of (Fees: 0.0% $42,000 and over Public and Nonprofit 0.0% Private Sector Adult Undergraduates age 25+) by Tuition and APEI’s low tuition provides opportunities to both expand 0.1% 0.3% 0.2% 0.4% 1.0% $39,000 to $41,999 $36,000 to $38,999
Slide 8: The APUS Strategic Vision - A Quality Leader
The APUS Strategic Vision - A Quality Leader During the next phase in APUS’s development, in alignment with our mission, we seek to broaden student diversity (at home and abroad) and leverage technology to support the nation’s educational goals while being acknowledged as: One of the best values in
Slide 9: Fourth Quarter Financial Highlights
Fourth quarter 2011 revenues increased 34% year-over-year to $75.7 million Fourth Quarter Financial Highlights: Operating income increased 25% year-over-year to $19.8 million Effective tax rate was 35% in the fourth quarter of 2011 EPS diluted increased approximately 37% y/y to $0.71 per diluted sha
Slide 10: First Quarter 2012 Outlook
The following statements are based on current expectations. These statements are forward-looking and First Quarter 2012 Outlook actual results may differ materially. First Quarter 2012 (Y/Y) Net course registration growth by new students approximately 14% Net approximately 20 22% course registration
Slide 11: Fourth Quarter and Full Year 2011 Conference Call
Fourth Quarter and Full Year 2011 Conference Call Leading the Way February 2011 February 28, 2012
American Public Education — Q4 2011 Earnings Presentation on 6ix