Investor Presentation May 2011 About Educomp Educomp is the - - PowerPoint PPT Presentation

Investor Presentation

May 2011

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• Educomp is the largest Education company in India and the only company spread across the

entire Education Ecosystem

• Educomp currently works with ~25,000 schools and serves over 15.5 million learners and

educators across the world

• Educomp owns India’s largest K12 content library with over 16,000 modules of rich 3D

multimedia educational content reaching out to 3.9 million students across ~5,500 private school and 5.8 million students across ~10,550 government schools

• Educomp runs ~800 pre-schools, 50 brick & mortar K12 schools, 7 higher-ed colleges, over 275

vocational training centers and has 2.5 million users of its various online businesses

• All businesses have a high component of intellectual property and high branding
• The company has been growing Revenues & Profits at a 5yr CAGR of over 100% with EBITDA

margins close to 50%

• Mission: Be among the top five Education Companies Worldwide by 2012

About Educomp

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2 – 5 years 5 – 18 years 18 – 21 years 21 – 25 years

Education Life-Cycle

Presence across entire Educational Life Cycle

Pre-Schools Digital Content Solutions Higher Education Vocational Education Professional Development High Schools Admissions Advisory Services Tutoring Services Test Preparation E-learning Platforms Assessments & Counseling Online & Supplemental Education

Pre- School Initiative s High School Initiatives Higher & Vocational Initiatives Online & Supplemental Initiatives

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• Smart Class: Teacher-led educational content solution that

dramatically improves learning outcomes in Private Schools. Market leader with presence in 5534 schools

• EduReach (formerly ICT): Turnkey solutions for computer aided

learning in government schools; Only company to have content in 10 regional languages. Market leader with presence in 10550 schools across 13 states

School Learning Solutions Higher Learning Solutions K12 Schools Online, Supplemental & Global Initiatives

Pre-Schools (~799 franchisee sign-ups)

• Roots to Wings: Educomp’s own pre-school brand; currently 220 pre-

schools franchisee sign-ups

• EuroKids: 50% stake in Eurokids, the largest pre-school chain in India

with 579 pre-schools franchisee sign-ups Vendor to Schools owned & run by independent trusts (currently 50 schools operational, visibility of 81 schools)

• Millennium Schools: K12 schools in Tier I and Tier II cities
• Takshila Schools: K12 schools in Tier III and Tier IV cities
• Universal Academy Schools: Budget schools brand targeted at

semi-urban towns with a tuition fee of Rs.800 per month

• Le Mont High Schools: International Curriculum schools
• Professional Development: Teacher Training in technology

integration, pedagogy and best classroom practices. Trained 1.6million teachers till date

• JV with Raffles Education: Professional development programs in

Fashion Design, Management, B.Com etc. across 7 colleges

• JV with Pearson: Vocational Training programs in English Language

training, Accounting, IT, Retail etc. across 279 centers

• LearningHour: Premium tutoring centers
• Mathguru: India’s first & largest online math tutor & content portal
• WizIQ: Internet Learning Platform to connect students and teachers
• Learnhub: Social Learning Network
• Studyplaces: Education portal for admission advisory services
• EducompOnline: Online Learning & Testing platform
• Vidya Mandir Classes: India’s premier IITJEE Test Prep organization
• Gateforum: India’s premier GATE Test Prep organization
• Learning.com: Leading web based K12 Company in US
• Ask-N-Learn: Singapore's largest K12 company

The only Education Ecosystem Company In India

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*CLSA Report March 2008

$ 1.4 billion

Books/ CD Roms/ Stationery/ Multimedia in School

$ 7 billion

$ 20 billion Higher Education K12 Schools

$ 40bn FY’09

$ 4 billion

Vocational Training

$ 7 billion

Test Prep./ Tutoring

FY’14 $ 80bn

$ 39 billion $ 7 billion $ 15 billion $ 4 billion $ 15 billion India Education Overall Market estimated at $40bn growing at CAGR 16%

The Education opportunity in India is estimated at $40 billion

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• Educomp benefits from huge cross-selling opportunities by monetizing students across the

education life cycle from age 2 to age 25 years

• Flawless execution demonstrated across years
• Demonstrated innovation in products: SmartClass, Millennium Learning System, One-on-One

Learning, ETEN, VSAT technology, Online learning, Technology integrated Supplemental education etc.

• High investment in R&D: 400 people in content development, over 100 people in non-digital

learning materials

• Best in class partnerships & Joint Ventures: Raffles Education Corp. for Higher Education and

Pearson plc for Vocational Education

• Highly entrepreneurial & experienced management team
• Best positioned to benefit from the growing middle class aspirations, growing consumption of

quality Educational products as well as growing numbers (because of economic growth, urbanization as well as high birth rates)

Investment case for Educomp

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• High growth:
• FY10 consolidated revenues ~$230 million growing at a 5yr CAGR of 108%
• FY10 consolidated EBITDA ~$107 million growing at a 5yr CAGR of 106%
• FY10 consolidated PAT ~$60 million growing at a 5yr CAGR of 110%
• High profit margins:
• EBITDA margins approx. 46% over the last 5 years
• PAT margins approx. 25% over the last 5 years
• Business models with annuity type revenue streams (3yr to 12yr annuity streams)
• Low levels of penetration even in our most scaled businesses
• Multiple engines of growth & value creation – many of them in early stage
• Multimedia in schools
• K12 schools
• Higher Education
• Vocational Education
• Supplemental Education
• Internet/ Online Learning

Investment case for Educomp (cont’d)

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Multiples engines of growth & value creation

Current Mkt Size Educomp Presence Current Penetration Market Position Value Creation Multimedia Content $160m SmartClass <1.5%

• No. 1 player

High ICT $90m EduReach <2%

• No. 1 player

Medium Pre Schools $1bn Roots to Wings, Eurokids <3%

• No. 1 player

High K12 Schools $20bn Millennium, Takshila, Universal Academy, Le Mont High Shortage of 200,000 schools

• No. 1 corporate

player High Professional Development $15m Teacher Training NM

• No. 1 player

Low Higher Education $7bn Raffles JV Shortage of 1500 universities Growing presence High Vocational Education $1.4bn Pearson JV NM Among Top 5 players High Online & Supplemental $7bn Mathguru, WizIQ, VMC, Gateforum, Learnhub, Learning Hour, EduIgnite, EducompOnline, Studyplaces NM Largest e-learning footprint High Global N/A Learning.com, Ask-n-Learn NM NM High

Educomp – Business Description

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What is SmartClass

• Solution designed to assist teachers & enhance

students’ academic performance

• Also enables teachers to instantly assess and

evaluate the learning achieved How does it work

• India’s largest Digital Content library of over

16,000 modules of curriculum-mapped, multimedia rich, 3D content

• Classrooms are equipped with Plasma screens,

Interactive digi-boards and overhead projectors

No of Schools Signed

Covering 5534 schools and ~3.9 million students

90 331 933 1737

3077 3921 4585 5534

1000 2000 3000 4000 5000 6000 FY06 FY07 FY08 FY09 FY10 Q1FY11 Q2FY11 Q3FY11

CAGR 142%

SmartClass: Empowering Teaching, Inspiring Learning

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Overview of ICT Solution

• Educomp participates in government initiatives in a

‘Public Private Partnership’ model to IT enable ~1,000,000 government schools in India

• Educomp sets up Computer Labs in Govt. Schools and

provides:

• Multimedia Content in regional languages
• Testing and certification in computer education
• Full time assistants as well as teacher training
• Monitoring and Supervision

No of Schools Signed

Covering 10,550 schools and ~5.8 million students

600 2808 6004 12012

15426

4000 8000 12000 16000 FY06 FY07 FY08 FY09 FY10

CAGR 125%

EduReach: Partnering with Govt. to Bridge the Digital Divide

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• First structured and process driven IP in the

fragmented space for early childhood education (2 to 4 years)

• 220 pre-schools franchisee sign-ups till

date catering to over 8300 kids

• Created pioneering IP of over 100,000

pages

• Roots-to-Wings has been awarded 'Emerging

Franchisor of the Year 2008' for excellence in Franchising and Business Development, by Franchise India Holdings Ltd.

• Eurokids: India’s leading chain of Pre-Schools
• 579 pre-schools franchisee sign-ups in the

country catering to over 39,800 kids enrolled from age 2-4

• 11 Euroschools (K12 schools), operational on

Franchise Basis

• Recipient of ‘Best Franchisor Award, 2008’ at

“Franchise India 2008”

Pre-Schools – India’s largest Pre-School company with ~800 Pre-Schools

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• Shortage of 200,000 schools in the country
• Over 100million school-age children not

attending school

• High birth rates in the region, leading to increase

in enrollment numbers Market Scenario Educomp’s Goal Portfolio of Brands Strong R&D Capability

• K12 schools in Tier I & Tier II cities
• Co-branded schools with Shriram

Schools

• Co-branded schools with PSBB group
• f Schools
• K12 schools in Tier III and IV cities
• Budget schools with a tuition fee of

Rs.800 per month

• International Curriculum schools
• Educomp aspires to set up 150 schools in the

country

• Currently 50 schools under operation with 25,000+

students

• Over 750 textbooks and workbooks
• Over 19,000 Lesson Plans
• Over 26,000 worksheets
• Over 11,000 Activities and 3,000 projects
• Over 500 Teaching manuals
• Visibility of 81 schools
• India’s middle class has a high willingness

to pay for good education

Edu-Schools

Creating core K12 Schools capacity

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Important characteristics of K12 Schools business

• Assured annuity type revenues till perpetuity and lock-in of customers for 14 years (2 years in

Pre-School and 12 years in High School)

• High margins in steady state
• High return on capital employed in the range of 30-35%
• Recession proof business with no volatility
• Negative Working Capital business
• High demand supply gap ensures high capacity utilization in all schools
• High willingness in Indian middle class to pay for good education: Spending on Education is

the highest non-food expense category in the consumption basket and is mostly non- negotiable spend

• With high growth rates in the country and rising disposable income of middle class parents,

there is a high propensity to pay for quality education

Characteristics of K12 Schools business

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Feb 2011 15

The Millennium School, Lucknow PSBB Learning Leadership Academy, Bangalore The Millennium School, Mohali Chiranjiv Bharti, Sushant Lok, Gurgaon The Millennium School, Panipat The Millennium School, Noida The Millennium School, Amritsar The Millennium School, Patiala The Millennium School, Kurukshetra

Creating core K12 Schools capacity

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Feb 2011 16

Takshila School, Hoshiarpur Mussoorie International School PSBB Millennium School, Coimbatore The Millennium School, Meerut Le Mont High, Lavasa The Millennium School, Nagpur Chiranjiv Bharti School, Palam Vihar, Gurgaon PSBB Millennium School, Chennai Porur PSBB Millennium School, Chennai OMR

Creating core K12 Schools capacity

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Feb 2011 17

Takshila School, Ahmednagar Millennium School, Bhatinda Chiranjiv Bharti School, Sushant Lok, Gurgaon The Millennium School, Indore PSBB Millennium School, GST Road, Chennai Universal Academy, Dehradun Shriram Millennium School, Noida Millennium School, Agra

Creating core K12 Schools capacity

Millennium School, Karnal

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Current Location of Schools (Visibility* of 81 Schools, 50 currently Operational)

* Visibility of Schools covers all Schools (including Dry Management, land sites and under-construction sites

Rapidly expanding Pan India Presence

Chennai Bangalore Musoorie Mohali Pune Ludhiana Noida Gurgaon Panipat Lucknow Amritsar

Operational Land Acquired Takshila Schools

Hoshiarpur Ahmednagar Gaya Faridabad Coimbatore Gwalior Meerut Hanumangarh Ghaziabad Sangli Barnala Jalna Tirupur Jodhpur Hyderabad Davangere Guwahati Bazpur Kashipur Gadarpur

Universal Academy/ Vidya Prabhat

Dehradun Bhatinda Jalandhar Kurukshetra Agra Karnal Patiala Ambala Kanpur Nagpur Salem Madurai Erode Tirunelveli Kundli Reddipalayam Trichy Nuh Indore Firozpur

EuroSchool

Airoli Sricity Ahmedabad Nadiad Tura Hassan Tumkur Sirka Patns Bhuvneshawar Begusarai Porur Alwar Mysore Le Mont High Nagina Taoru-Mewat

Le Mont High

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• 7 ‘Raffles Millennium International’ colleges operational in Delhi, Bangalore,

Chandigarh, Kolkata, Hyderabad, Ahmedabad and Chennai

• RMI offers courses in Fashion Design, Interior Design, Fashion Marketing,

Graphic Design, Product Design, Jewellery Design, Commerce and Interactive Multimedia Design

• International faculty from US, UK, Italy, Spain and Singapore
• Got AICTE approval to launch Engineering & PGDM programs in July/August

2011 in Greater Noida

Chennai Campus Delhi Campus

An Educomp Raffles Joint Venture

JV with Raffles for opportunities in Higher Education

Ahmedabad Campus Greater Noida Campus

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• Network of 115 centers in place with a target to reach 150 centers
• Over 37,400 students enrolled
• ETEN ACE (Civil Services and Bank PO) pilots underway
• Piloting ETEN Academy of Competitive Exams (over 100 enrolments)
• Delivery channels in 110 colleges and runs 10 Robotics labs
• Over 4,000 students enrolled
• Programs for Engineering and MBA in place
• Rolled out CCNA & Embedded Systems courses; plans to roll out Telecom course

Vocational

• Network of 55 centers signed up with over 11,000 enrollments
• Sales program launched in 5 centers; Retail program to be launched in December

2010

• Launched Media course with NDTV
• Launched Oracle and Accounting courses
• Various government projects worth Rs20 crores in hand

JV with Pearson for opportunities in Vocational Education

An Educomp Pearson Joint Venture

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Supplemental

Educomp Supplemental - A unique Supplemental Education platform

Admissions Advisory Services Tutoring Services Test Preparation E-learning Platforms Assessments & Counseling

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:

• Premier provider of Web-

delivered K12 curriculum and assessments

• Digital Learning

Environment products

• Reach across 7,700

schools, 1550 school districts and 3.2

million students

and 125,000 teachers across the US

• Unparalleled distribution

access and strong footprint in the US

• US is the largest education

market in the world

• Leading K12 education

company in Singapore

• Catering to over 230

educational institutions across

Singapore, China, Thailand, Philippines, Vietnam, Japan and Brunei

• Started groundwork to

launch SmartClass in China through CDEL (China Distance Education Holdings)

Content Leadership in North America & South East Asia

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26% 46% 45% 44% 46% 46% 21% 25% 26% 25% 0% 10% 20% 30% 40% 50% FY06 FY07 FY08 FY09 FY10

EBITDA Margin PAT Margin

Revenue Growth EBITDA Growth

Rs 1 Cr = Rs 10 Million 56 110 286 634

1,041

200 400 600 800 1,000 1,200 FY06 FY07 FY08 FY09 FY10

CAGR 108% PAT Growth

14 29 71 133

272

50 100 150 200 250 300 FY06 FY07 FY08 FY09 FY10

CAGR 110%

Rs.Cr Rs.Cr

EBITDA & PAT Margins

Financials Snapshot (Consolidated basis)

26 50 125 290

480

100 200 300 400 500 FY06 FY07 FY08 FY09 FY10

CAGR 108%

Rs.Cr

26% 46% 45% 44% 46% 46% 21% 25% 26% 25% 0% 10% 20% 30% 40% 50% FY06 FY07 FY08 FY09 FY10

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Amount in Rs cr

* Other income includes foreign exchange gain/ loss

Key Ratios (as a % of Net Income from Operations) Q4 FY'09 Q4 FY'10 FY'09 FY'10 EBIDTA Margin after minority interest & pre-acquisition profits 40.0% 47.6% 45.8% 46.7% PAT Margin after minority interest & pre-acquisition profits 24.5% 18.1% 20.9% 26.1% Total Expenditure 59.5% 52.3% 53.0% 53.3% Consumption of Raw material 25.9% 14.0% 17.8% 15.6% Staff Cost 16.5% 16.0% 18.7% 17.2% Selling, Distribution & Administration expenses 17.1% 22.2% 16.4% 20.3% Particulars Q4 FY'09 Q4 FY'10 % Chg YoY FY'09 FY'10 % Chg YoY Net Income from Operations 226.5 333.1 47.1% 634.2 1,040.5 64.1% Total Expenditure 134.7 174.178 29.3% 336.4 554.7 64.9% Cost of Goods Sold 58.6 46.6

• 20.6%

113.2 162.1 43.2% Staff Cost 37.3 53.2 42.4% 118.8 179.3 50.9% Selling, Distribution & Administration expenses 38.8 73.9 90.7% 104.2 211.6 103.1% Prior Period Items & Miscellaneous Items 0.0 0.5 NA 0.2 1.8 702.9% EBIDTA (before minority interest and share of profits of associates) 91.7 158.9 73.2% 297.8 485.8 63.1% Share of profit in associates

• 0.01

NA 0.8 0.0 NA Minority interest / Pre-acquisition profit 1.2 0.4

• 63.3%

6.7 6.0

• 9.8%

EBIDTA (after minority interest and share of profits of associates) 90.5 158.4 75.0% 290.4 479.8 65.2% Depreciation & Amortization 28.4 20.1

• 29.3%

80.4 113.8 41.6% Finance Charges 8.0 12.8 60.3% 18.4 48.9 166.1% OPBT 55.3 125.9 127.7% 199.0 323.1 62.3% Other Income 38.7 10.4

• 73.1%

21.9 116.7 433.9% PBT 94.0 136.4 45.1% 220.9 439.9 99.1% Tax (including deferred) 37.3 75.5 102.8% 80.7 162.5 101.3% PAT before minority interest & pre-acquisition profits 56.8 60.8 7.2% 140.2 277.3 97.8% PAT after minority interest & pre-acquisition profits 55.6 60.4 8.7% 132.7 271.3 104.4% Basic EPS (Rs.) 6.4 6.4

• 0.6%

15.4 29.3 90.7% Diluted EPS (Rs.) 6.3 5.8

• 6.7%

15.0 27.3 82.0% Note: FY09 figures are un-audited as disclosed to Stock Exchange in Q4 FY09

FY10 Financial Statements (Consolidated basis)

Income Statement Key Ratios

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Revenues Q4 FY'09 Q4 FY'10 % Chg YoY FY'09 FY'10 % Chg YoY School Learning Solutions 166.5 269.0 61.5% 430.3 806.5 87.4% Higher Learning Solutions 8.7 7.8

• 10.9% 30.6 28.5
• 6.9%

K-12 Schools 23.7 30.2 27.1% 62.3 98.3 57.8% Online, Supplementary & Global 27.5 26.2

• 4.7% 110.9 107.2
• 3.4%

Total Net Sales/ Income from Operations 226.5 333.1 47.1% 634.2 1,040.5 64.1% PBIT Q4 FY'09 Q4 FY'10 % Chg YoY FY'09 FY'10 % Chg YoY School Learning Solutions 72.3 162.6 124.8% 210.1 448.3 113.4% Higher Learning Solutions 1.3 (3.9) NA 9.5 (10.7) NA K-12 Schools 9.8 8.8

• 9.5% 30.6 33.1

8.1% Online, Supplementary & Global 0.7 (4.0) NA 17.9 (16.7) NA 84.0 163.6 94.6% 268.1 454.0 69.4% Less: Interest (Net) 8.0 12.8 60.3% 18.4 48.9 166.1% Other un-allocable expenses (net of un- allocable income and prior period items) (17.8) 14.3 NA 28.8 (34.7) NA Total Profit before Tax 93.8 136.4 45.4% 220.9 439.9 99.1% PBIT Margins Q4 FY'09 Q4 FY'10 FY'09 FY'10 School Learning Solutions 43.4% 60.5% 48.8% 55.6% Higher Learning Solutions 14.6% NA 30.9% NA K-12 Schools 41.2% 29.3% 49.1% 33.6% Online, Supplementary & Global 2.4% NA 16.2% NA Revenue Break up Q4 FY'09 Q4 FY'10 FY'09 FY'10 School Learning Solutions 73.5% 80.8% 67.9% 77.5% Higher Learning Solutions 3.9% 2.3% 4.8% 2.7% K-12 Schools 10.5% 9.1% 9.8% 9.4% Online, Supplementary & Global 12.1% 7.9% 17.5% 10.3%

Amount in Rs cr

Note: FY09 figures are un-audited as disclosed to Stock Exchange in Q4 FY09

FY10 Financial Statements – Segmental Analysis (Consolidated)

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Q3FY11 Consolidated Income Statement

Q3 FY1 1 Q3 FY1 0 YoY Q2 FY1 1 QoQ Rs Cr Rs Cr % Rs Cr % I ncom e Sales & Service income 357.5 260.1 276.8 Other income 8.7 15.8 8.4 Total I ncom e 3 6 6 .2 2 7 5 .9 3 3 % 2 8 5 .2 2 8 % Expenditure Cost of goods sold 69.8 24.8 59.5 Personnel expenses 65.1 46.8 63.2 Administration and other expenses 57.6 55.0 48.2 Finance charges 27.9 13.9 21.2 Depreciation 20.1 33.8 20.8 Total Expenditure 2 4 0 .5 1 7 4 .1 3 8 % 2 1 2 .9 1 3 % Profit before tax 1 2 5 .7 1 0 1 .6 2 4 % 7 2 .3 7 4 % PBT Margin 34% 37% 25% Provision for tax 25.3 37.5 14.1 Pre-acquisition profits 0.2

• 0.1
• 1.6

Share of profit in associates 0.5 0.0 0.6 Minority interest 3.0 3.0 1.4 Profit after tax,m inority interest & pre-acquisition profits 9 6 .7 6 1 .2 5 8 % 5 7 .8 6 7 % PAT Margin 26% 22% 20% EBI TDA 1 6 2 .4 1 3 6 .6 1 9 % 1 0 3 .4 5 7 % EBITDA Margin 44% 49% 36% EBI T 1 4 2 .3 1 0 2 .8 3 8 % 8 2 .6 7 2 % EBIT Margin 39% 37% 29% EPS ( Rs) Basic 10.13 6.48 5 6 % 6.06 6 7 % Diluted 9.23 6.08 5 2 % 5.47 6 9 % Consolidated Financials

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Q3FY11 – Segmental Analysis (Consolidated)

Q3 FY1 1 Q3 FY1 0 YoY Q2 FY1 1 QoQ Rs Cr Rs Cr % Rs Cr % School Learning Solutions 279.4 198.7 41% 192.3 45% K12 Schools 30.4 25.1 21% 32.1

• 5%

Higher Learning Solutions 14.6 7.8 87% 13.7 7% Online, Supplemental & Global 33.1 28.5 16% 38.7

• 14%

Total 3 5 7 .5 2 6 0 .1 3 7 % 2 7 6 .8 2 9 % Q3 FY1 1 Q3 FY1 0 YoY Q2 FY1 1 QoQ Rs Cr Rs Cr % Rs Cr % School Learning Solutions 170.9 121.6 41% 88.8 92% K12 Schools 10.7 10.3 3% 12.9

• 17%

Higher Learning Solutions

• 6.0
• 4.1

NM

• 6.5

NM Online, Supplemental & Global

• 4.4
• 4.7

NM 3.1 NM Total 1 7 1 .1 1 2 3 .1 3 9 % 9 8 .3 7 4 % Q3 FY1 1 School Learning Solutions: Smart Class 87 ICT 52 K12 Schools 22 Higher Learning Solutions 4 Online, Supplemental & Global 3 Total 1 6 8 Debtor Days* Revenue by Segm ents EBI T by Segm ents

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Consolidated Balance Sheet

As at 3 1 st Dec 2 0 1 0 As at 3 0 th Sep 2 0 1 0 Sources of funds Rs Cr Rs Cr Shareholders' funds Share capital 19.1 19.1 Reserves and surplus 1,974.2 1,720.3 ESOP outstanding account 14.7 12.4 Minority interest 235.7 205.1 Loan funds 1,461.3 1,400.2 Deferred tax liability (Net) 9.7 3.1 Total Sources of Funds 3 ,7 1 4 .7 3 ,3 6 0 .2 Application of funds Goodwill 819.8 634.4 Total Fixed Assets 1,589.1 1,399.8 Foreign currency monetary long term translation account

• 1.9
• 3.0

Investments 141.3 78.2 Current assets, loans and advances Inventories 35.3 23.8 Sundry debtors 551.2 748.2 Cash and bank balances 504.5 472.9 Loans and advances 440.5 327.6 Other current assets 17.3 21.0 Less : Current liabilities and provisions Liabilities 343.7 323.6 Provisions 38.6 19.0 Net current assets 1 ,1 6 6 .4 1 ,2 5 0 .8 Miscellaneous Expenditure [ to the extent not written off or adjusted] 0.0 0.0 Total Application of Funds 3 ,7 1 4 .7 3 ,3 6 0 .2 Consolidated Balance Sheet

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60.08% 4.17% Equity Shares Outstanding-95,539,396 Company has sub-divided each of the existing Equity Shares of the face value of Rs.10/- each fully paid-up into five Equity Shares of the face value of Rs.2/- each fully paid-up.

Shareholding Pattern – As on Dec 31, 2010

Promoters, 49.8% FIs/ Banks/ MFs, 1.7% Foreign Institutional Investors/ Foreign Financial Institutions, 37.1% Body Corporate, 3.3% Public, 6.7% Others, 1.4%

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For any Investor Relations queries please contact:

• Ms. Sangeeta Gulati, CFO

Educomp Solutions Limited Educomp Towers, 514, Udyog Vihar Phase III Gurgaon – 122 001, Haryana Email: investor.relations@educomp.com Ph: 0124 - 4529000

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