Nexted Group Limited · ASX:NXD

Nexted — FY2025 Earnings Presentation

31 slides from Nexted's earnings presentation, Aug 27, 2025

  1. Slide 1: FY25 Results Presentation

    FY25 Results Presentation 27 August 2025

  2. Slide 2: Important notice & disclaimer

    Important notice & disclaimer Summary Information with their own legal, tax, business and/or financial advisors. This Presentation contains summary information about NextEd Group Limited and its activities which is current only as at the date of this Presentation (unless specified otherwise). The ma

  3. Slide 3: Today’s presenters

    Today’s presenters Mark Kehoe Andrew Nye CEO CFO/COO 3

  4. Slide 4: Contents

    Contents 1. Key Highlights & Financial Summary 5 2. Strategic Review & Reset 10 3 FY25 Financial and Operating Performance 17 4. Outlook 24 5. Appendices 27

  5. Slide 5: Key Highlights & Financial Summary

    Key Highlights & Financial Summary 5

  6. Slide 6: Financial Strength. Policy Shift. New Leadership

    Financial Strength. Policy Shift. New Leadership CASH STRONG Improved position, zero debt RESET BASE Cost structure simplified, margins improving EARLY TAILWINDS National Planning Level (NPL) lifted, stable policy, supportive rhetoric AI & SKILLS Industry disruption; positioned for in-demand skills

  7. Slide 7: FY25 Key Highlights – Reset in Motion

    FY25 Key Highlights – Reset in Motion  Cash improved to $18.9m; no debt  Operating costs reduced by $5.6m (13.2%)  Revenue $95.9m (-13.9%) - impacted by regulatory environment  EBITDA resilient at $14.3m despite revenue decline Financial Performance  Leadership reset - New CEO, CFO, refreshed B

  8. Slide 8: Tailwinds emerging – Positioned to Benefit

    Tailwinds emerging – Positioned to Benefit Positive shift underway Greenwich & Industry Visa’s Grant Rates  Student National Planning Level (NPL) up +9% to 295k - 79.4% 80.9% 82.8% 86.9% 87.6% 87.4% 84.8% 85.0% 83.2% 78.3% 77.5% 74.8% confidence is returning  Government more supportive - internati

  9. Slide 9: Financial Performance

    Financial Performance Significant cost actions taken, and change in revenue mix, enabled the Group to maintain underlying EBITDA, stabilise operating cashflows and improve cash position in the period Revenue Underlying EBITDA1 Statutory NPAT loss Operating Cash position cash flows Jun 2025 $95.9m $1

  10. Slide 10: Strategic Review – from Reset to Rebuild

    Strategic Review – from Reset to Rebuild 10

  11. Slide 11: Strategic Reset in Place

    Strategic Reset in Place Comprehensive review delivered a clear plan – profitability, portfolio and growth FINDINGS OUTCOMES  $20b fragmented market* with attractive growth  Organisation restructured; new leadership and outlook model in place  Simplification needed across brands, courses and  St

  12. Slide 12: Strategy at a Glance

    Strategy at a Glance Each strategic pillar is supported by a series of initiatives 1. IMPROVE PROFITABILITY 2. ENHANCE PORTFOLIO 3. GROW NEW BUSINESS AREAS 1.1 Enhance profitability of current 2.1 Review mix of courses by 3.1 Test growth of B2B business subject 1.2 Promote unified 2.2 Review portfol

  13. Slide 13: Pillar 1: Improve Profitability

    Pillar 1: Improve Profitability Leaner cost base delivering stronger margins CORE INITIATIVES PROOF POINTS  Campus rationalisation - Rent savings and sub-lease MARGIN UPLIFT PROPERTY SAVINGS opportunities  Improve utilisation – classroom, scheduling, resources Gross margin Lease exits and sublets

  14. Slide 14: Pillar 2: Enhance Portfolio | Greenwich

    Pillar 2: Enhance Portfolio | Greenwich Strong, resilient brand with growing vocational share and compliance edge. CURRENT STATE FUTURE GROWTH Market Share ELICOS1 Market Share VET1  Higher Ed pathway: VET-to-HE, brand launch Sept, first 15.2% 16.9% 2.4% intake Feb 2026; extends LTV, strengthens po

  15. Slide 15: Pillar 2: Enhance Portfolio | Technology & Design, Domestic and Go Study

    Pillar 2: Enhance Portfolio | Technology & Design, Domestic and Go Study Diversifying across segments and geographies to capture new growth. TECHNOLOGY & DESIGN (AIT) DOMESTIC VOCATIONAL GO STUDY AUSTRALIA  Restructured - Integrated into  New GM (Jul ’25) - Leading review  Agile recruitment - Qui

  16. Slide 16: Pillar 3: Disciplined Growth Agenda | Future Skills & Portfolio Expansion

    Pillar 3: Disciplined Growth Agenda | Future Skills & Portfolio Expansion Strengthening our foundations while expanding where future skills meet resilient, long-term demand. EXPLORATORY INITIATIVES Projected Employment Growth (2024 – 2034)1  B2B & branded programs - Pilots under development  Micro

  17. Slide 17: FY25 Financial & Operating Performance

    FY25 Financial & Operating Performance 17

  18. Slide 18: Financial Performance

    Financial Performance Revenue loss substantially mitigated through early and extensive permanent cost measures  Revenues down $15.5m (13.9%) impacted by lower ($m) FY25 FY24 Var Var % International English language revenues (International), back Revenue 95.9 111.4 (15.5) (13.9%) $13.6m, and reduced

  19. Slide 19: Cost Management

    Cost Management Aggressive cost measures taken in H1 FY25 delivered $5.6m (13.2%) reduction in operating costs  Savings achieved across a range of areas, with particular focus on non-academic salaries (-$4.1m / 15%), property (-$1.1m / 30.0 7%) and other opex (-$0.7m / 6%)  Further $2m benefit fro

  20. Slide 20: Cashflow

    Cashflow Improved operating cashflows reflects cost actions and the composition of working capital ($m) FY25 FY24 Var Var %  Improvement in operating cashflows reflects the changing composition of working capital (with lower proportion of Operating activities 11.3 1.7 9.6 n/m English language reven

  21. Slide 21: Balance Sheet

    Balance Sheet Active working capital management and changing composition delivered improved cash at year end ($m) Jun-25 Dec-24 Jun-24 Dec-23  Improved cash position $18.9m at year end Cash and cash equivalent 18.9 13.7 19.3 16.8  Right-of-use assets on property leases lower following Trade receiv

  22. Slide 22: Segment Performance

    Segment Performance Permanent cost measures taken across the Group mitigated the earnings impact of revenue shortfalls ($m) International T&D Domestic Go Corporate Total  International – covered later Vocational Study  Technology & Design – Revenue FY25 71.0 9.6 9.2 6.1 - 95.9  Higher education s

  23. Slide 23: International (Greenwich) Performance

    International (Greenwich) Performance Well run business, strong brand and market position providing quality outcomes for international students Revenue**($m) EBITDA1 ($m) Student Number Mix4 1% 8% 7% 19% 74.7 85.8 72.3 19.4 26% 16.2* 16.1 23.5 36% 3.5 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 65% 38%

  24. Slide 24: Group Outlook

    Next=d Group Outlook 24

  25. Slide 25: Ready to capitalise on recovery

    Ready to capitalise on recovery STRONG FOUNDATIONS CLEAR STRATEGY Trusted brands, national footprint, Three pillars driving profitability, and proven delivery capability portfolio strength, and new growth EXECUTION UNDERWAY POSITIONED TO BENEFIT Cost reset, streamlined structure, Delivering value fo

  26. Slide 26: Thank You

    Thank You Mark Kehoe Andrew Nye Level 2, 7 Kelly Street Chief Executive Officer Chief Financial Officer Ultimo NSW 2007 mark.kehoe@nexted.com.au andrew.nye@nexted.com.au nexted.com.au 26

  27. Slide 27: Appendices

    Next=d Group Appendices 27

  28. Slide 28: AASB 16 Reconciliation

    AASB 16 Reconciliation Full year actuals Change FY25 FY24 ($m) % ($m) % Post Pre Post Pre ($m) Change Change Post AASB16 Pre AASB16 AASB16 AASB16 AASB16 AASB16 Revenue 95.9 95.9 - 111.4 111.4 - (15.5) (14%) (15.5) (14%) Gross profit 51.1 51.1 - 57.3 57.3 - (6.2) (11%) (6.2) (11%) Underlying EBITDA1

  29. Slide 29: Non-IFRS Information

    Non-IFRS Information  The Company uses certain measures to manage and report ($m) FY25 FY24 on its business that are not recognised under Australian Accounting Standards (‘AAS’). These measures are NET PROFIT / (LOSS) AFTER TAX (14.6) (31.2) collectively referred to as non-IFRS financial measures.

  30. Slide 30: Segment Comparatives – FY24

    Segment Comparatives – FY24 Full Year Actuals ($m)  Revenue comparatives adjusted to reflect the FY24 Previously reported FY24 Revised reported elimination of intercompany revenues against the relevant business unit Revenue Revenue Variance  During the current period, the Group changed the basis I

  31. Slide 31: NextEd Group – Our Brands & Our Sectors

    NextEd Group – Our Brands & Our Sectors A portfolio of education brands focused on student pathways, experiences, and outcomes. INTERNATIONAL (GREENWICH) DOMESTIC VOCATIONAL GO STUDY AUSTRALIA  English language (ELICOS)  Vocational Education & Training (VET);  Student recruitment services  Healt

NextEd Group — FY2025 Earnings Presentation on 6ix