Lincoln Educational Services Corporation · NASDAQ:LINC
Lincoln Educational Services — Shareholder Meeting (May 2021)
21 slides from Lincoln Educational Services's shareholder meeting presentation, May 10, 2021
Slide 1: Lincoln Educational Services Corporation 2021 Annual Meeting of Shareholders
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Slide 2: Put Your Potential to Work: 2021 Shareholders Meeting
PUT YOUR POTENTIAL TO WORK 2021 Shareholders Meeting
Slide 3: Stronger and Better
Stronger and BetterLincoln entered 2020 with great momentum and success, and despite the challenges of the pandemic, we ended the year stronger financially and better prepared to reach our potential. 3
Slide 4: Largest Provider of Automotive and Skilled Trade Graduates in the East
[i] uncown tec [im] LINCOLN TECH’ Largest Provider of Automotive and Skilled Trade Graduates in the East EAST
Slide 5: Drivers of Organic Demand for Training: Skills Gap
Drivers of Organic Demand for Training 5 Skills Gap
Slide 6: Demand for Middle Skills Training
Demand for “Middle Skills Training” 6 Middle-skill jobs, which require education beyond high school but not a four-year degree, make up the largest part of America’s labor market. (Source: National Skills Coalition) Lincoln connects employers with entry level trained professionals from the adult, hi
Slide 7: Entering 2021: A New Chapter for Lincoln
Entering 2021 : A New Chapter for Lincoln 7
Slide 8: Transformational Impact of COVID-19
Transformational Impact of COVID-19 8
Slide 9: Lincoln's Workforce Solution Differentiator – Not Your Local Community College
Lincoln’s Workforce Solution Differentiator– Not your local Community College 9 Superior graduation rates and placement ratesDevelop training programs with feedback from employers and key industry associations to understand gaps and needsIntegrate industry preferred licensing and certifications into
Slide 10: Growing Base of Industry Partners
Growing Base of Industry Partners 10 Positions Lincoln as long-term solutions provider for both entry level technicians and advanced workforce trainingEmployers appreciate the technical and soft skills of our studentsPartners provide validation of the quality of our educationCo-branding opportunitie
Slide 11: Experienced Management Team
Experienced Management Team (Years at Lincoln) 11 Chad NyceEVP, Chief Innovation Officer (1)
Slide 12: Board of Directors
BOARD OF DIRECTORS J. Barry MorrowNon-Executive Chairman, Lincoln Educational Services; Founder & Chief Executive Officer, BK Capital Group Peter S. BurgessFormer Business Advisory Partner, Arthur Anderson LLP James J. Burke, Jr.Founder & Managing Partner, JJB Capital Partners LLC Kevin M. CarneyFor
Slide 13: Financial Review
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Slide 14: Pro Forma Operations Annual Revenue, Starts, & Average Population
Pro Forma Operations Annual Revenue, Starts, & Average Population* ($ in millions) 14 Revenue Average Population Starts * 2017 & 2018 exclude transitional segment (closed schools) and are presented as pro forma operations. $257 $245 $273 $293 +5.1% +7.2% +6.2% +3.7% 9,985 10,354 10,985 12,104 +7.7%
Slide 15: Pro Forma Operations
Pro Forma Operations ($ in millions) 15 Approximately 12,300 students enrolled at 22 campuses as of 12/31/2020Key metrics such as revenue, average population continue to grow Margin3.6% * 2017 & 2018 exclude transitional segment (closed schools) and are presented as pro forma operations. Refer to ap
Slide 16: Transportation and Skilled Trades
Transportation and Skilled Trades ($ in millions) 16 Approximately 7,900 students enrolled at 13 campuses as of 12/31/2020High demand for training in Automotive, Diesel, HVAC, CNC, Welding, ElectricalGrowing list of industry partners Margin13.6% Margin14.2% Margin15.1% Margin19.7% +2.2% +7.1% -2.1%
Slide 17: Healthcare and Other Professions
Healthcare and Other Professions ($ in millions) 17 Approximately 4,400 students at 9 campuses as of 12/31/2020Growing demand for healthcare professionalsStrong demand by students especially for Licensed Practical Nursing Margin 6.3% Margin 9.3% Margin10.0% Margin13.5% +13.3% +10.4% +7.6% +67.6% +19
Slide 18: Earnings Per Share
Earnings Per Share 2017 2018 2019 $0.08 Fa [i] uncown tecw 2020 $1.49
Slide 19: Balance Sheet & Cash Flow Summaries
Balance Sheet & Cash Flow Summaries
Slide 20: Cautionary Statement
Cautionary Statement Statements made during this Annual Meeting regarding Lincoln’s business, operations, results and future prospects that are not historical facts may be “forward-looking statements” that involve risks and uncertainties. Forward-looking statements should not be viewed as a guarante
Slide 21: Thank You for Attending our 2021 Shareholders Meeting
Thank You for Attending our 2021 Shareholders Meeting 20
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