Dv investor prez

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Dv investor prez

  1. 1. Achieve. Grow. Build.
  2. 2.  Forward-Looking Statements Certain statements contained in this presentation concerning DeVry’s future performance, including those statements concerning DeVry’s expectations or plans, may constitute forward-looking statements subject to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as DeVry Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Actual results may differ materially from those projected or implied by these forward-looking statements. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, “Risk Factors,” in DeVry’s most recent Annual Report on Form 10-K for the year ending June 30, 2010 and filed with the Securities and Exchange Commission on August 25, 2011.
  3. 3.  Business,Technology Medical & International, K-12 and & Management Healthcare Professional Education
  4. 4. Student Outcomes NCLEX Pass Rate 95%
  5. 5. Student Outcomes
  6. 6. Student Outcomes Achieves AVMA Accreditation
  7. 7.  Revenue: 10-Year History CAGR FY01-10 +14.5% $2,182 FY10-11 +13.9% $1,915 $1,461 (in millions) $1,092 $934 $785 $781 $840 $648 $679 $568 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11
  8. 8.  Net Income: 10-Year History CAGR FY01-10 +21.6% FY10-11 +17.9% $330 $280 (in millions) $171* $128* $58 $67 $61 $52 $67* $43 $18 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11*Excludes discrete items.
  9. 9.  Financial Highlights (in millions) Revenue Net Income $1,636 $255 $1,584 -3% -48% $187* $54** $133 FY11 FY12 FY11 FY12 1st Nine Months 1st Nine Months *Represents YTD FY12 net income before impairment charge and gain on sale.**Discrete item of Carrington impairment charge net of sale of Stalla.
  10. 10.  DeVry Inc. Total Enrollment 140,000 130,957 126,165 120,000 -3.7% 100,000 80,000 60,000 40,000 20,000 0 2011 2012Spring 2012 enrollment for DeVry’s degree-granting institutions.Excludes Becker and Advanced Academics.
  11. 11.  Strong Financial Position (in millions) Cash Debt $200 $700 $599 $600 $150 $500 $125 $125 $400 $323 $332 $100 $300 $277 $225 $200 $129 $50 $100 $0 $0 $0 $0 $0 $0 FY07 FY08 FY09 FY10 FY11 Thru FY07 FY08 FY09 FY10 FY11 Thru Q312 Q312
  12. 12.  DeVry’s Performance 2014-2016 2007-2011 2012-2013 Recovery and Performance Transition Growth • Strong enrollments • Revenues down • Modest enrollment • Exceptional operating • Earnings down growth at DeVry leverage University • Transitioning back to growth • 2011 onsite enrollment levels at Carrington • Other institutions continue growth
  13. 13. 5 Point Performance Improvement Plan
  14. 14. 5 Point Performance Improvement Plan1. Aligning costs with enrollment levels • $25m since 3Q11 • Additional $50m in FY13 • Focused on DeVry University and Carrington Colleges
  15. 15. 5 Point Performance Improvement Plan1. Aligning costs with enrollment levels2. Enhance recruiting process3. Improve awareness building
  16. 16. 5 Point Performance Improvement Plan1. Aligning costs with enrollment levels2. Enhance recruiting process3. Improve awareness building4. Targeted investments to drive growth
  17. 17.  Growth Investments acquires
  18. 18.  Growth Investments
  19. 19. 5 Point Performance Improvement Plan1. Aligning costs with enrollment levels2. Enhance recruiting process3. Improve awareness building4. Targeted investments to drive growth5. Invest in DeVry’s people
  20. 20. Developing our Faculty
  21. 21. Delivering Long-Term Value
  22. 22.  Our Strategic Plan
  23. 23.  Our Strategic Plan Superior student outcomes • High-quality, career-oriented academics • Service excellence • Innovative educational technology
  24. 24.  Our Strategic Plan and diversify • Program areas • Levels of education • Geographic
  25. 25. Diversification: Program Areas Total Enrollment: Total Enrollment: 43,300 120,000+ 30% Business 27% Healthcare 45% Business 70% Technology 28% Technology Fall 2002 Fall 2010* Based on data provided to IPEDs; excludes enrollments at Advanced Academics and Becker Professional Education.
  26. 26. Diversification: Level of Education Total Enrollment: Total Enrollment: 43,300 120,000+ 5% Doctoral 14% Master’s 21% Master’s 68% Bachelor’s 56% Bachelor’s 18% Associate/ Associate/ Certificate 19% Certificate Fall 2002 Fall 2011* Based on data provided to IPEDs; excludes enrollments at Advanced Academics and Becker Professional Education.
  27. 27. Diversification: Geographic4% International 13% International96% USA 87% USA2002 2011
  28. 28. • Market dynamics favorable to private-sector education• Organic growth: sharing best practices and DeVry brand• Growth via acquisitions
  29. 29.  Our Strategic Plan High-quality infrastructure • Technology • Human resources • Operational excellence • Reputation
  30. 30.  Our Strategic Plan Strengthen our Core Grow our Core and Invest to Support our Strategy Diversify and Organization
  31. 31.  Allocating Capital • Strengthen and grow the core • Diversify beyond the core • Dividends and share repurchases
  32. 32.  Investment Thesis Education Sector DeVry• Large, growing demand for • Strong brands, quality career-oriented education reputation• Public-sector constrained • Diversification• Attractive economics • Margin growth
  33. 33. Achieve. Grow. Build.

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