ANNUAL GENERAL MEETI NG 16 November 2016 Em ergency exits ST - - PowerPoint PPT Presentation

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ANNUAL GENERAL MEETI NG 16 November 2016 Em ergency exits ST - - PowerPoint PPT Presentation

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ANNUAL GENERAL MEETI NG 16 November 2016 Em ergency exits ST GEORGES TCE Navitas Annual General Meeting 16 November 2016 2 BROOKFI ELD PLACE Chairm ans Address Continued im provem ent of high quality academ ic outcom es 85% than

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SLIDE 1

ANNUAL GENERAL MEETI NG

16 November 2016

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SLIDE 2

2

Em ergency exits

ST GEORGES TCE BROOKFI ELD PLACE Navitas Annual General Meeting – 16 November 2016

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SLIDE 3

Chairm an’s Address

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SLIDE 4

Continued im provem ent of high quality academ ic outcom es

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Pathway pass rates of more than 80% Retention rates of more than Progression to partner rates of more than

85% 90%

Students satisfied with program quality 98%

Navitas Annual General Meeting – 16 November 2016

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SLIDE 5

Solid financial perform ance in a challenging year

5 Navitas Annual General Meeting – 16 November 2016

Revenue ($m) Underlying EBITDA* ($m) NPAT ($m)

FY16 FY12

688.5 1,010.7

FY15

980.3

FY14

878.2

FY13

731.7 164.6 163.1 144.9 130.0 126.8 73.1 74.6 51.6 71.8 90.1

* Excluding goodwill impairment
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SLIDE 6

TERTIARY PARTNERSHIPS INDUSTRY PARTNERSHIPS

  • University Pathways Programs
  • Tertiary Partnerships
  • International and Domestic Pathways
  • Skills-based, industry relevant courses
  • Practical, work integrated learning
  • Industry engagement

NAVITAS VENTURES - INNOVATION & DISRUPTION GLOBAL CAPABILITIES VISION

To be one of the most trusted learning

  • rganisations in the world

RESPECT DRIVE ADVENTUROUS GENUINE RIGOUR CONVICTION

QUALITY

WORLD CLASS

EFFICIENCY

GLOBAL

GROWTH

SUSTAINABLE LEARNING & TEACHING STAKEHOLDER RELATIONS MARKETING BUSINESS DEVELOPMENT
  • New business models
  • Incubation, Experimentation and Agility

PURPOSE

Student outcomes and student experience

GLOBAL RECRUITMENT FINANCE INFORMATION TECHNOLOGY HUMAN RESOURCES

A greater focus on partnerships and pathw ays to em ploym ent

6 Navitas Annual General Meeting – 16 November 2016

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SLIDE 7

Tracey Horton

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  • Commences as Chairman today
  • Non-Executive Director of Navitas since June

2012

  • Extensive international business and

education experience including as Winthrop Professor and Dean of the University of Western Australia as well as senior roles at Bain & Company, Poynton & Partners and the Reserve Bank of Australia

  • Currently a Commissioner for Tourism

Western Australia, Board member of the Australian Institute of Company Directors, Chairman of Presbyterian Ladies College and a member of the Australian Takeovers Panel

Navitas Annual General Meeting – 16 November 2016

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SLIDE 8

Shareholder value and EVA

8 Navitas Annual General Meeting – 16 November 2016

Profit made by Navitas Profit investors could expect to earn elsewhere Econom ic Value Added

The profit above and beyond what investors could expect elsewhere

60.3 62.9 FY16 (2.6) FY15 Econom ic Value Added ( $ m )

FY16 EVA was impacted by the closing of Macquarie University and Curtin University operations in Sydney

R

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SLIDE 9

CEO’s Address

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SLIDE 10

10 Navitas Annual General Meeting – 16 November 2016

W orld Class Quality Global Efficiency Sustainable Grow th

Vision To be one of the most trusted learning organisations in the world

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SLIDE 11

W orld class quality

Academ ic Quality Student Experience

University Partnerships  Pre university and pathway program pass rates > 8 0 %  Retention rates > 8 5 %  Progression to partner university rate > 9 0 % PEP

  • ACAP/ NCPS teaching quality,

learning response and skills developments rated above 8 5 % in a national survey SAE

  • SAE recognised in Australian

government quality survey (QILT) for learner engagem ent and student support University Partnerships  Annual survey of 5 ,5 0 0 students and graduates

  • 9 7 % of students satisfied with

teaching experience

  • 9 8 % of students satisfied with

quality of their study PEP

  • Navitas ELICOS college voted best

in Australia in world leading student survey SAE

  • Australian destination survey of

2014 graduates found 8 5 % of respondents had secured employment

11 Navitas Annual General Meeting – 16 November 2016

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SLIDE 12

 4 new agreements

  • Florida Atlantic University
  • University of Northampton

International College

  • Western Sydney University

International College (JV)

  • University of Canberra

College (JV)

 7 agreements renewed under materially similar terms and conditions – 1 converted to a JV (ECU)  2 Curtin agreements extended to complete discussions

Continuous contract renew al

 Adult Migrant English Program – June 2017  HIC with University of Hertfordshire – July 2017

2 year progress report

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Upcom ing in FY1 7

Navitas Annual General Meeting – 16 November 2016

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Global dem and for international education continues to grow

Source: UNESCO Institute of Statistics, 2016; Education at a Glance, OECD 2015;

International student enrolments (m)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2025

2.1 2.4 2.6 2.8 3.0 3.1 3.2 3.5 3.7 4.1 4.3 2.1 8.0

Projected 2025 2,087,702

in 2000

4,528,044

in 2012 4.5

More students travelling

  • verseas to

study

By 2025 there will be 8.0m students crossing borders to study

13 Navitas Annual General Meeting – 16 November 2016

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SLIDE 14

Creating efficiency and grow th

14 Navitas Annual General Meeting – 16 November 2016

Building a platform for sustained grow th Building a platform for sustained grow th

IT Shared Services Global Learning and Teaching team HR Shared Services Finance Shared Services

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SLIDE 15 16,422 14,097 13,602 17,067 14,744 15,426 18,862 16,420 16,570 19,470 16,396 16,870 19,247 15,054 15,439
  • 10%
  • 5%
0% 5% 10% 15% 2 ,0 0 0 4 ,0 0 0 6 ,0 0 0 8 ,0 0 0 1 0 ,0 0 0 1 2 ,0 0 0 1 4 ,0 0 0 1 6 ,0 0 0 1 8 ,0 0 0 2 0 ,0 0 0 1201 1202 1203 1301 1302 1303 1401 1402 1403 1501 1502 1503 1601 1602 1603
  • % Enrolment growth on pcp (RHS)
  • % Enrolmnet growth excluding MQC, SIBT and CUS
  • EFSTU ( LHS)
  • MQC, SI BT and CUS

Semester

Sem ester 3 2 0 1 6 University Partnership enrolm ents – declining im pact of Macquarie and Curtin Sydney

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Latest

  • Semester 3 2016 underlying global enrolments grew by 2% vs pcp
  • Including closing colleges, global enrolments decreased by 8 %
  • Figures include 740 Joint Venture college enrolments (Edith Cowan,

Western Sydney and Canberra)

Historical University Partnerships EFTSU and enrolm ent grow th Navitas Annual General Meeting – 16 November 2016

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FY1 7 outlook – biased tow ards H2

H1 H1 H1 H1 H1 H2 H2 H2 H2 H2 FY13 FY14 FY15 FY16 FY17 bias

  • H2 FY16 and H1 FY17 impacted by:
  • Ramp down of Macquarie

contracts – by H2 FY17 SIBT will be operating on a new normalised level

  • Final teach out and closure of

Curtin Sydney

  • No impact from closing colleges in

H2 FY17 Guidance ‐ FY17 EBITDA result expected to remain broadly in line with FY16

EBITDA

Navitas Annual General Meeting – 16 November 2016

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Business of the meeting

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I tem 1

18 Navitas Annual General Meeting – 16 November 2016

To receive the Financial Report, Directors’ Report and Auditor’s Report

To receive and consider the financial report, together with the directors’ report and the auditor’s report, for the year ended 30 June 2016.

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I tem 2

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Resolution 1 – Adoption of Rem uneration Report

That the remuneration report, which forms part of the Report of Directors for the year ended 30 June 2016, be adopted.

Navitas Annual General Meeting – 16 November 2016

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I tem 3

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Resolution 2 – Election of Ms Lisa Paul AO PSM

That, Ms Lisa Paul, who was appointed as a Director by the Board on 2 February 2016, and being eligible offers herself for election, be elected as a Director of the Company.

Navitas Annual General Meeting – 16 November 2016

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SLIDE 21

QUESTIONS