Covista Inc. · NYSE:CVSA

Covista — Adtalem Global Education — Q4 2021 Earnings Presentation

20 slides from Covista's earnings presentation, Aug 19, 2021

  1. Slide 1: Fourth-Quarter and Full-Year 2021 Earnings Presentation

    Fourth-Quarter and Full-Year 2021 Earnings Presentation August 19, 2021

  2. Slide 2: Safe Harbor

    Safe Harbor Certain statements contained in this release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not di

  3. Slide 3: Q4 2021 Highlights

    Q4 2021 Highlights Solid finish to FY 2021 as our workforce solutions strategy continues to deliver results; full-year performance was within outlook, despite lingering COVID-19 headwinds Q4 2021 • Strong financial performance in Q4 driven by increasing secular demand for our programs Revenue and of

  4. Slide 4: Medical & Healthcare

    Medical & Healthcare Our competitive differentiation through scale, employer partnerships and superior student outcomes has continued to drive growth across the segment Chamberlain University: - May session new and total student enrollment increased 3.6% and 4.6%, respectively, over prior year, driv

  5. Slide 5: Financial Services

    Financial Services Strong growth continued in Q4; ability to capture demand generated by strong secular trends delivered double-digit revenue growth ACAMS: - Remains the leader in the rapidly growing anti-financial crimes marketplace; continue to see strong demand for anti-financial crime expertise

  6. Slide 6: Q4 2021 P&L Highlights

    Q4 2021 P&L Highlights $280.4 $259.7 +7.9% Revenue growth in both segments driven primarily by Medical and Healthcare enrollment growth and revenue growth at ACAMS, OnCourse Learning and Becker. $46.9 $40.0 +17.1% Operating income1 and diluted earnings per share1 increases driven by increased revenu

  7. Slide 7: Q4 2021 Medical & Healthcare Performance

    Q4 2021 Medical & Healthcare Performance Revenue ($M) Operating Income1 ($M) +5.7% +3.4% • Q4 revenue growth driven by strong demand in the segment • Operating income1 increase driven by higher revenue in the segment, partially offset by higher costs in preparation for a return to campus 1) From con

  8. Slide 8: Q4 2021 Financial Services Performance

    Q4 2021 Financial Services Performance Revenue ($M) Operating Income1 ($M) +17.8% +29.8% • Revenue growth driven by increases at ACAMS, OnCourse Learning and Becker • Operating income1 increase driven primarily by higher revenue, partially offset by increased sales and marketing expense to support c

  9. Slide 9: Liquidity and Share Repurchases

    Liquidity and Share Repurchases Liquidity1 (millions) Repurchased 481K shares for Cash and cash equivalents 2 $495 a total of $18.4M in Q4 Capacity available under revolver $232 Repurchased 2.9M shares for a total of $100M in FY 2021 Total liquidity as of June 30, 2021 $727 1) As of June 30, 2021 2)

  10. Slide 10: Q4 and Full-Year Free Cash Flow

    Q4 and Full-Year Free Cash Flow Free Cash Flow (millions) Increase/ Increase/ 4Q 2021 4Q 2020 FY 2021 FY 2020 (Decrease) (Decrease) $223. $149. Operating Cash Flow $56.0 $57.5 $(1.6) $73.6 2 6 Capital Expenditures (13.8) (12.2) (1.6) (48.7) (44.1) (4.5) $174. $105. Free Cash Flow $42.1 $45.3 $(3.2)

  11. Slide 11: Strong Free Cash Flow Generation Driven by Operating Model

    Strong Free Cash Flow Generation Driven by Operating Model Adtalem is well-positioned to grow standalone FCF over the long-term in line with earnings Free cash flow is a non-GAAP financial measure defined as net cash provided by continuing operations less capital expenditures. ©2021 Adtalem Global E

  12. Slide 12: Outlook

    Outlook Establishing FY 2022 revenue1 and diluted EPS1 growth outlook REVENUE1 ADJUSTED EARNINGS PER SHARE1 $1,685 million-$1,735 million $4.20 to $4.45 1) From continuing operations excluding purchasing accounting adjustments and special items ©2021 Adtalem Global Education Inc. All rights reserved

  13. Slide 13: Q&A

    Q&A ADTALEM

  14. Slide 14: Appendix

    Appendix ADTALEM

  15. Slide 15: Non-GAAP Financial Measures and Reconciliations

    Non-GAAP Financial Measures and Reconciliations We believe that certain non-GAAP financial measures provides investors with useful supplemental information regarding the underlying business trends and performance of Adtalem’s ongoing operations and is useful for period-over-period comparisons. We us

  16. Slide 16: Enrollment

    Enrollment ©2021 Adtalem Global Education Inc. All rights reserved. 16

  17. Slide 17: Non-GAAP Reconciliation Tables

    Non-GAAP Reconciliation Tables ©2021 Adtalem Global Education Inc. All rights reserved. 17

  18. Slide 18: Non-GAAP Reconciliation Tables

    Non-GAAP Reconciliation Tables ©2021 Adtalem Global Education Inc. All rights reserved. 18

  19. Slide 19: Non-GAAP Reconciliation Tables

    Non-GAAP Reconciliation Tables ©2021 Adtalem Global Education Inc. All rights reserved. 19

  20. Slide 20: Non-GAAP Reconciliation Tables

    Non-GAAP Reconciliation Tables ©2021 Adtalem Global Education Inc. All rights reserved. 20

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