National Co. For Learning & Education · TADAWUL:4291
National Co. For Learning & Education — National Company for Learning and Education — Q3 2024 Earnings Presentation
26 slides from National Co. For Learning & Education's earnings presentation, 2024
Slide 1: Investor Presentation Q3 2024
WwW caulallg ayyil Gui! spi Pe, ar INVESTOR PRESENTATION Q3 2024
Slide 2: Disclaimer
Disclaimer Information contained in this document is subject to change without further notice and it may not contain all material information concerning National Company for Learning and Education and its subsidiaries (the Company). The Company is not liable or responsible of accuracy of referenced
Slide 3: NCLE Overview
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Slide 4: NCLE is celebrating its 66th anniversary since its inception in 1958
NCLE is celebrating its 66th anniversary since its inception in 1958 66 Years 13 28.2 k 37.4 k 3K 6 4 14% CAGR SAR 1.3 Billion 16% SAR 70.9 M 4% 4
Slide 5: Enrolled students grew to 28.2k in Q3 2024 compared to 23.4k in Q3 2023
Enrolled students grew to 28.2 k in Q3 2024 compared to 23.4 k in Q3 2023 Establishment Location Owned / Leased Curriculum Optimal Capacity Enrolled Students Utilization 37,365 Student 28,157 Student %75 Of Optimal Capacity Diversified Offering 5
Slide 6: Operational Updates
Operational Updates
Slide 7: NCLE students excelled in 2023 academic year
NCLE students excelled in 2023 academic year 7
Slide 8: MEIA has played a pivotal role in championing the growth strategy for Al-Nozha and Al-Rayyan
MEIA has played a pivotal role in championing the growth strategy for Al-Nozha and Al-Rayyan Contributed to utilization growth over the years Al-Rayyan Al-Nozha 01. Delivered strong financial results 02. Al-Rayyan Al-Nozha Driving growth going forward 03. 77 % 28 % Al-Nozha Al-Rayyan 8
Slide 9: Al-Salam School flourished financially within a year post-acquisition
Al-Salam School flourished financially within a year post-acquisition Average tuition fees was increased in 23/24 01. Efficiency improved as student to staff ration increased 02. Financial performance flourished as net profit soared 03. 9
Slide 10: Strategic tuition and capacity adjustment has driven Qurtubah 1 growth trajectory
Strategic tuition and capacity adjustment has driven Qurtubah 1 growth trajectory Average tuition fees was increased in 23/24 01. Optimal capacity increased from 1,050 students to 1,280 students 02. Enrollment increased despite tuition fees hike 10
Slide 11: Al-Aridh 1 School remained unaffected after relocating international curriculum students
Al-Aridh 1 School remained unaffected even after relocating international curriculum students to the new facility, Al-Aridh 2 Enrollment 01. 02. 11
Slide 12: Change the Company's fiscal year end to July 31 instead of August 31
Change the Company’s fiscal year end to July 31 instead of August 31 and transition plan in issuing its financial statements 01. 02. 03. 12
Slide 13: Financial Outlook
Financial Outlook
Slide 14: NCLE recorded its highest earning in Q3 2024
NCLE recorded its highest earning in Q3 2024 28.2 K SAR 423.6 M SAR 157.8 M +21% Growth +28% Growth +36% Growth SAR 99.9 M 2.32 SAR 23.6% +23% Growth +23% Growth - 0.7 % Decline 14
Slide 15: NCLE maintained healthy financial growth in Q3 2024
NCLE maintained healthy financial growth in Q3 2024 Revenues Students Numbers SAR M Thousands Government Grants & Gross Profit /EBITDA/Net Subsidies Profit SAR M SAR M 15 9 Months
Slide 16: NCLE maintained healthy financial growth in Q3 2024
NCLE maintained healthy financial growth in Q3 2024 Accounts Receivable Dividendes & Payout Days Ratio Days Dept / Equity Margins Percentage Percentage 16 9 Months
Slide 17: NCLE campuses experienced healthy financial growth
NCLE campuses experienced healthy financial growth Revenue By Campus Gross Margin by Campus Al-Ghad - Al-Aridh Al-Aridh Al-Ghad – Al- Campuses Al-Rayyan Al-Rawabi Al-Nozha Qurtubah Buraidah Al-Qairwan Al-Khwarizmi King Al-Dhahran National International Qairwan Abdullah Revenue 65,525,189 61,454,265
Slide 18: NCLE Growth Drivers
NCLE Growth Drivers
Slide 19: External factors / Internal factors
Student population grew by 5% CAGR in Riyadh population is expected to reach the last 5 years in KSA 15 million by 2030 External factors 6.6 5.8 6 5.2 4.8 19/20 20/21 21/22 22/23 23/24 Internal factors Rising female workforce participation is set to Premium Residency and Regional HQs is key drive gr
Slide 20: External factors / Internal factors
Private school penetration rate is the highest in This year, the private education market grew by 13% its history led primarily by national curriculum growth External factors 15% 16.5% 450 420 530 620 22/23 23/24 Internal factors Private education market in KSA is still Vision 2030 sets targets to u
Slide 21: External factors / Internal factors
External factors TNS – Buraidah TNS–Al-Qairwan TNS – Al-Aridh Internal factors Establishment : Establishment : Establishment : Optimal Capacity : Optimal Capacity : Optimal Capacity : 3,000 Utilization : Utilization : Utilization : TNIS – Dhahran TNIS – Al-Aridh Al-Ghad – Al-Qairwan Establishment :
Slide 22: External factors / Internal factors
External factors Internal factors 22
Slide 23: External factors / Internal factors
External factors Internal factors 23
Slide 24: External factors / Internal factors
External factors Internal factors 24
Slide 25: External factors / Internal factors
External factors Internal factors 25
Slide 26: Q&A
Q&A 26
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