Strategic Education, Inc. · NASDAQ:STRA
Strategic Education — Q4 2023 Earnings Presentation
9 slides from Strategic Education's earnings presentation, Feb 29, 2024
Slide 1: Q4 2023 Results
Q4 2023 Results February 29, 2024
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements Under the Private Securities Litigation Reform Act of 1995 Statements in this presentation are “forward-looking statements” under the federal securities laws. Such statements may be identified by the use of words such as “expect,” “estimate,” “assume,” “believe,
Slide 3: Segment Reporting
Segment Reporting Segment Description Capella University and Strayer University, including the Jack Welch U.S. Higher Education Management Institute, Devmountain, and Hackbright Academy Education Technology Enterprise Partnerships, Sophia Learning, and Workforce Edge Services Australia/New Zealand T
Slide 4: Q4 2023 Highlights - Constant Currency
Q4 2023 Highlights - Constant Currency Strategic Education Financial Performance Adjusted Financial Performance1 Education Technology Australia/New Consolidated2 U.S. Higher Education (YoY) Services Zealand2 1 Non-GAAP financial measures; refer to the Non-GAAP Financial Measures page of this $303.6
Slide 5: Q4 2023 Highlights
Q4 2023 Highlights Strategic Education Enrollment and Financial Performance Education Technology Australia/New Enrollment Performance (YoY) Consolidated U.S. Higher Education Services Zealand3 1 Q4 2023 employer affiliated enrollment was Total Enrollment 105,485 +8.0% 86,233 +10.5% NA1 19,252 -2.0%
Slide 6: 2023 Full Year Highlights - Constant Currency
2023 Full Year Highlights - Constant Currency Currency Adjusted Financial Performance1 Strategic Education Education Technology Australia/New Financial Performance Consolidated2 U.S. Higher Education (YoY) Services Zealand2 1 Non-GAAP financial measures; refer to the Non-GAAP Financial Measures page
Slide 7: 2023 Full Year Highlights
2023 Full Year Highlights Strategic Education Enrollment and Financial Performance U.S. Higher Education Technology Enrollment Performance (YoY) Consolidated Australia/New Zealand4 Education Services 1 Reflects average quarterly total enrollment Total Enrollment1 100,959 +4.7% 82,267 +6.8% NA2 18,69
Slide 8: Non-GAAP Financial Measures
Non-GAAP Financial Measures These materials report certain financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States of America ("GAAP"). We discuss management's reasons for reporting these non-GAAP measures below, and
Slide 9: Q4 2023 Results
Q4 2023 Results February 29, 2024