Legacy Education Inc. · AMEX:LGCY
Legacy Education — Investor Presentation (March 2025)
27 slides from Legacy Education's investor presentation, March 2025
Slide 1: Investor Presentation March 2025
Investor Presentation March 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements that involve substantial risk and uncertainties. All statements, other than statements of historical facts contained in this presentation, including statements regarding Legacy Education Inc.'s (the "Company's"or "Legac
Slide 3: Legacy At A Glance
Legacy At A Glance Legacy Education is an award-winning, nationally accredited, for-profit post-secondary education company • Owns & operates nationally accredited academic institutions which are affordable • Focused on programs in growing industries including allied healthcare (1) with a secondary
Slide 4: Investment Highlights
Investment Highlights Changing Market Dynamics Within Post-Secondary Education Landscape Yields Opportunity Documented problems (cost, scalability, program design, COVID-19 pandemic) threaten traditional post-secondary education model Legacy Education to leverage programs and delivery model – drivin
Slide 5: U.S. Healthcare Labor Market
U.S. Healthcare Labor Market Healthcare & Social Assistance Job Openings The U.S. is facing a shortage of Openings Hires healthcare professionals driven by 2.5M increased demand for healthcare services Growth drivers for the U.S. healthcare 2.0M labor market include: • Expanding aging population 1.7
Slide 6: Legacy Timeline
Legacy Timeline 2023 Added Campus Directors of Education, Directors of Nursing 10+ Years of Growth and Accolades & Dean of Imaging Launched New Accredited Programs: California Association of Private Post Secondary School Excellence in Community Service Award – 2020, 2022 & 2023 Certified Nurse Assis
Slide 7: Changing Post-Secondary Landscape
Changing Post-Secondary Landscape Legacy Education has Developed the Programs and Deployment Models to Effectively Capitalize on Changing Market Dynamics Challenges for Post-Secondary Bring Opportunity to For-Profit Education Education Programs designed around high ROI for students (affordable, spec
Slide 8: Geographic Footprint
Geographic Footprint Enrollment Growth by College As of January 31, 2025 +3,000 Ending Enrollment 6 2,768 25% 2,768 Campuses Current Students 4 Year Enrollment 2,166 (12/31/24) CAGR 1,705 1,588 Bakersfield, CA 1,264 Lancaster, CA Temecula, CA 907 Salinas, CA College FY20A FY21A FY22A FY23A FY24A 12/
Slide 9: Quarterly Enrollment Since 2023
Quarterly Enrollment Since 2023 Quarterly Starts Ending Enrollment 3,000 60% 2,768 2,500 50% 773 2,539 2,000 2,166 2,187 40% 627 2,024 570 1,912 1,799 500 504 497 1,727 1,705 1,500 1,648 30% 391 337 347 1,000 20% 273 500 10% % Change 25%25%23% 23%13% 13% 27% 23% 27% 3% 23% % Change 17% 16% 20% 28% 2
Slide 10: Successful Student Outcomes
Successful Student Outcomes Preparing students for a competitive workforce with functional and soft skills to be successful Exceeding Academic and Student Outcomes 79% 64% NCLEX Pass Vet Tech Pass Placement Rate by Campus Rates Rates 78% Avg Placement Rate (1) 85% 76% 77% 75% 73% 86% 78% Avg Program
Slide 11: Target Student
Target Student Education Level High School Diploma or G.E.D. Geography Targeting students within 25-mile radius to each campus (changing with availability of online programs) Desired Outcome Student Profile Students looking for better career opportunities Entrance Exam Over 50% Wonderlic Scholastic
Slide 12: Management Team
Management Team LeeAnn Rohmann | Chief Executive Officer & Founder, Legacy Education Ms. Rohmann has served our Chief Executive Officer since July 2010 and Chairman of our board of directors since October 2009. From 2004 until 2008, she served as Chief Sales Officer, Student Loan Xpress at CIT, a na
Slide 13: Our Path to Growth
Our Path to Growth 1 Organic growth within existing footprint Current programs and cross program integration and acquire students at a positive ROI 2 New program development Create adjacent programs (increase re-enrollment) and new fields of study to increase enrollments with minimal cannibalization
Slide 14: Core Markets
Organic Growth Within Existing Footprint Core Markets Healthcare Veterinary Dental 43 Programs (1) 4 Programs 8 Programs ~ 90% of Legacy’s current enrollment (2) Continuous improvement in Expansion of dental assistant VTNE pass rates program at CCC Accredited programs launched since 2023: • Certifie
Slide 15: Diverse & Growing Set of Programs
Organic Growth Within Existing Footprint Diverse & Growing Set of Programs Program Offering Timeline Current Program Offering Per College EKG / ECG 55 Total Programs Offered (1) 1 Terminology 1 Cannabis Dispensary 1 MRI 1 Accounting 1 Phlebotomy 4 Veterinary 4 Med. Billing & Coding 3 Dental 8 Pharma
Slide 16: Top Program Mix
Organic Growth Within Existing Footprint Top Program Mix Ultrasound Medical Cardiac Sonography Ultrasound Vocational Technician AAS Assisting AAS Technician Nursing Program Duration 108 – 123 weeks 34 – 42 weeks 115 – 130 weeks 84 – 99 weeks 56 – 68 weeks Quarterly Revenue ~$6.6k ~$6.5k ~$6.3k ~$7.4
Slide 17: Programs Designed for Re-Enrollment
New Program Development Programs Designed for Re-Enrollment Legacy Education is committed to students across their learning journey offering programs that build on one another as studen ts require further professional credentialing Students can build lasting trust with the same educational instituti
Slide 18: Track Record of Successful Campus Acquisitions
New Campuses (Buy vs Build) Track Record of Successful Campus Acquisitions M&A Track Record Legacy Education M&A Playbook Target Qualitative Transaction Rationale Single campus or multi-campus for-profit 35-year single owners with repeated highest grants of 1 accreditation postsecondary education op
Slide 19: Interactive Distance Learning Experience
Interactive Distance Learning (“IDL”) Experience Legacy Education partners with several Educational Industry Content Specialists to deliver a seamless Interactive Distance Learning Experience with the most advanced educational tools available today for its curriculums. Benefits of Legacy’s IDL Exper
Slide 20: National Accreditation
National Accreditation Legacy Education recently earned the highest grant of accreditation – 5-year certificate of accreditation through ACCET (1) Nationally Recognized ACCET National ACCET 5-year renewal grant April 2024 – Highest grant Accrediting Agencies achievable Accreditation ACCET 5-year ren
Slide 21: Financial Overview
Financial Overview 21 21 ECM 24-45
Slide 22: Financial & KPI Overview
Financial & KPI Overview as of December 31, 2024 STUDENT GROWTH – ending enrollment of 2,768 through 12/31/24 (45% YoY growth) REVENUE – $52.7M LTM revenue (33% YoY growth); surpassing prior 3-year sales CAGR of 25% from FY21A through FY24A PROFITABILITY – leveraging scale and efficiencies to drive
Slide 23: Financial Performance
Financial Performance Revenue Adjusted EBITDA (1) $46.0M $35.5M $30.7M $27.6M $8.4M $20.9M $4.7M $3.8M $3.5M $3.1M FY22A FY23A FY24A 6ME 12/31/23 6ME 12/31/24 FY22A FY23A FY24A 6ME 12/31/23 6ME 12/31/24 (1) See slide 27 for full r econciliation from Net Income to Adjusted EBITDA 23
Slide 24: Quarterly Performance in Review
Quarterly Performance in Review Q2 FY25 YoY Change Operating Results (%) Starts 347 3% Ending Enrollment 2,768 45% Revenue $13.6M 29% Positive momentum across numerous financial KPIs and Educational Service Costs 54% 2% leading indicators (% of net Tuition) Adj. EBITDA $1.8M 10% LTM Student Acquisit
Slide 25: Capitalization & Liquidity Summary
Capitalization & Liquidity Summary as of December 31, 2024 Highlights Capital Structure During Q2 2025, Legacy generated $0.7M in net cash from operating activities Diluted Common Shares Outstanding (1) 13.2M Legacy ended Q2 2025 with a cash balance of $16.9M and working capital Share Price (2,3) $8
Slide 26: Non-GAAP Adjusted EBITDA Reconciliation
Non-GAAP Adjusted EBITDA Reconciliation Adjusted EBITDA is defined as earnings 6ME 6ME (loss) from operations less depreciation FY 22A FY 23A FY 24A ( $ in thousands) 12/31/23 12/31/24 and amortization, share based compensations, transaction costs, and Net Income $2,337 $2,667 $5,115 $2,360 $3,490 o
Slide 27: Contact
Contact LeeAnn Rohmann – CEO & Founder Email: lrohmann@legacyed.com Phone: (661) 940-9300 Amato and Partners, LLC Investor Relations Counsel 100 Park Avenue, 16th Floor New York, NY 10017 admin@amatoandpartners.com 27
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