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  • 1. p1
  • 2. Forward‐Looking StatementsCertain statements contained in this presentation concerning DeVry’s DeVry sfuture performance, including those statements concerning DeVry’sexpectations or plans, may constitute forward‐looking statementssubject to the Safe Harbor Provision of the Private Securities LitigationReform Act of 1995. These forward‐looking statements generally can beidentified by phrases such as DeVry Inc. or its management “believes,”“expects ” “anticipates ” “foresees ” “forecasts ” “estimates” or other expects, anticipates, foresees, forecasts, estimateswords or phrases of similar import. Actual results may differ materiallyfrom those projected or implied by these forward‐looking statements.Potential risks uncertainties and other factors that could cause results risks,to differ are described more fully in Item 1A, “Risk Factors,” in DeVry’smost recent Annual Report on Form 10‐K for the year ending June 30,2010 and filed with the Securities and Exchange Commission on August25, 2010. p2
  • 3. Thesis on Education Industry > Size and growth > Attractive industry  structure > Growing recognition  of vital role of vital role p3
  • 4. Business,Technology Medical & Professional Other Educational & Management Healthcare Education Services p4
  • 5. Thesis on DeVry> Diversification> Quality> Growth p5
  • 6. Regulatory EnvironmentRegulatory Environment80‐Year Diversification Strong All BeginsHistory Student Strategy Culture of with aServingS i ROI Mitigates Miti t Compliance PhilosophyStudents Risk
  • 7. p7
  • 8. p8
  • 9. p9
  • 10. Student Outcomes For the three terms ended February 2010; graduates in the active job market employed in their field within six months of graduation and those employed in their field prior to graduation. p10
  • 11. Student Outcomes 93% USMLE Pass RateUnited States Medical Licensure Exam First Time Pass Rate p11
  • 12. p12
  • 13. p13
  • 14. Revenue (in millions) $1,915 CAGRFY00‐09 +13% $1,461FY09‐10 +31% $1,092 $934 $785 $781 $840 $648 $679 $568$491FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 p14
  • 15. Net Income (in millions) * CAGRFY00‐09 +15%FY09‐10 +69% $280 $166 $128* $58 $61 $61 $52.0 $67* $48 $43 $22 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10*Excludes discrete items. p15
  • 16. Fiscal 2011 YTD Financial Highlights (in millions) Revenue Net Income $1,073 $162 19% 28% 8% $127 $904 FY10 FY11 FY10 FY11 1st Six Months 1st Six Months p16
  • 17. Strong Financial Position (in millions) Cash Debt $462 $125 $125 $323 $277 $225 $131 $129 $0 $0 $0 $0 FY06 FY07 FY08 FY09 FY10 FY11 FY06 FY07 FY08 FY09 FY10 FY11 As of A f f As of 12/31 12/31 p17
  • 18. Delivering Long Term Value p18
  • 19. Our Strategic Plan p19
  • 20. Our Strategic Plan – Achieve Achieve. p20
  • 21. Our Strategic Plan Achieve.O St t i Pl – A hi
  • 22. Our Strategic Plan – Grow Grow. > Technology > Business > Healthcare > Applied Arts > Education p22
  • 23. Grow. Grow Health Professions ea 14 out of 20 fastest growing occupations g g pSource: Bureau of Labor Statistics;  p23Occupational Outlook Handbook  2010‐11 Edition 
  • 24. Grow. Grow Supply‐Demand Imbalance pp y ba a ceSource: Association of American Medical Colleges, FACTS 2010 p24
  • 25. Grow. Grow Leading Provider of: ead g > New > African‐American African American > Primary Care PhysiciansSource: Association of American Medical Colleges and Ross University  p25
  • 26. Grow.GrowProjected Nursing Shortage j u s g S o age p26
  • 27. Over 8,800 Students Over 8,800 Studentsin 7 Locations Newest Locations: > Chicago, IL g , > Arlington, VA p27
  • 28. Grow.GrowTotal Students/Coursetakers 2010 2009 % ChangeDeVry University Undergraduate Students – Summer 2010 73,543 64,003 +14.9% Graduate Coursetakers – November 2010 23,199 23,734 +11.9% Online Coursetakers – July 2010 76,473 63,264 +20.9%Chamberlain College of Nursing Fall 2010 8,862 5,617 +57.8%Ross University September 2010 4,567 4 567 4,601 4 601 (0.7)% (0 7)%Carrington College/Carrington College California November 2010 110,942 11,695 (6.4)%DeVry Brasil September 2010 11,972 11,532 +3.8% p28
  • 29. Grow.GrowVertical Diversification – Enrollments by Program by og a Total Enrollment:  Total Enrollment:  43,300 100,000+ 30% Business 26% Healthcare Technology 47% Business 70% 27% Technology 2002 2009 p29
  • 30. Grow.Grow p30
  • 31. Grow.GrowHorizontal Levels of Education p31
  • 32. Grow. Grow Projected Market Growth j By 2019, 50% Will Take Online CoursesSource: Christensen, Clayton M., Disrupting Class; How Disruptive Innovation Will Change the Way the World Learns p32
  • 33. Grow.Grow Build the Brand Enhance B2B Relationships Grow Becker International p33
  • 34. Grow.GrowHorizontal Diversification – Enrollments by Degree by eg ee Total Enrollment:  Total Enrollment:  43,300 100,000+ 5% Doctoral 14% Master’s 15% Master’s Bachelor’s 68% 48% Bachelor’s Associate/ 22% Certificate Associate/ 18% Certificate 10% High School  2002 2009 p34
  • 35. Grow.Grow > North America > Global p35
  • 36. Grow.Grow Size of the market   Size of the market Growth opportunities pp Regulatory framework g y p36
  • 37. Grow.GrowGeographic Diversification – Revenues by Geography g p by Geog ap y 4% International 13% International 96% 87% Domestic Domestic 2002 2010 p37
  • 38. Our Strategic Plan – Build Build. > Technology > Online Education > Human Resources p38
  • 39. Build.Build Doing Well by g y Doing Good p39
  • 40. Empowering Students p40
  • 41. Doing Well By Doing Good. Good DeVry University: Bringing Technology Education to Kenya Providing computer labs for 15 schools impacts more than 16,000 Kenyan K-12 school children. p41
  • 42. Compliance Risk management Compliance is and complianceMaintain high embedded in are thestandards of the processes p responsibilityperformance and mindset of of eachand integrity all managers business unit and employees a d sta and staff function p42
  • 43. Compliance Approach Create policies and procedures to promote appropriate behavior Provide training on rules, regulations and policies Document, monitor and audit efficacy Provide anonymous feedback and complaint vehicles Track and share best practices Communicate p43
  • 44. Experienced Leadership TeamDaniel Hamburger President & Chief Executive Officer Grainger, Accenture, DonnelleyChris Caywood President, President DeVry Online Services KaplanGreg Davis General Counsel Accenture, LaPetite AcademyJeff Elliott President, Advanced Academics Tribune EducationRick Gunst 150+ YearsCarlos Filgueiras President, Fanor Chief Financial Officer EBX Express PepsiCo, GatoradeBill Hughson of Education f Ed tiSusan Groenwald President, Chamberlain College of Nursing President, Medical & Healthcare Focused Health Solutions Davita, Noah’s Bagels Industry Experience Industry Experience GroupDonna JD Jennings i SVP, H SVP Human R Resources Velsicol Chemical V l i l Ch i lGeorge Montgomery President, Carrington Colleges Group Taylor Made Golf, K2 Corp.Dave Pauldine President, DeVry University Education ManagementSteve Riehs President, K through 12, international BrainX, Kaplan and professional educationJohn Roselli President, Becker Professional Accenture, Grainger, Ernst & Education YoungTom Shepherd President, Ross University Bastyr UniversitySharon Thomas Parrott SVP, Compliance and External Dept. of Education Relations
  • 45. DeVry Inc Board of Directors Inc. Harold Shapiro David Brown Gary Butler Board Chair Attorney-at-Law President & President Emeritus Retired CEO Princeton University ADP Connie Curran Daniel Hamburger Darren Huston President President & CEO Corp. Vice President Curran & Associates DeVry Inc. Consumer & Online Microsoft Corp. William Keevan Lyle Logan Julie McGee Senior Advisor Managing Director Retired President & C ess Consulting Chess Co su t g Northern Trust Bank CEO Harcourt Achieve Fernando Ruiz Ron Taylor Lisa Pickrum Sr. Advisor, Retired Vice President & Exec. Vice Pres. & COO CEO & Co-founder Treasurer The RJL Cos. Dow Chemical DeVry Inc. p45
  • 46. p46