interim results · 2019. 5. 13. · Sound academic and operational performance Continued investment...
Transcript of interim results · 2019. 5. 13. · Sound academic and operational performance Continued investment...
Committed to the development of potential
interim results
FROM THE CLASSROOM
TO THE BOARDROOM,
WE ARE COMMITTED TO THE
DEVELOPMENT OF
POTENTIAL
for the six months ended 30 June 2007
Committed to the development of potential
group - highlights
Sound academic and operational performance
Continued investment in infrastructure and resources
Continued growth in academic capacity and depth
Some progress on litigation matter
Excellent financial performance
Increased distribution to shareholders
Positive outlook for full year
Committed to the development of potential
financial highlightsfor the six months ended 30 June 2007
20062007 % Change
R475m R413m +15%Revenue
R72m R55m +30%Operating profit
14.4c 10.1c +43%HEPS
13.7c 9.4c +46%Diluted HEPS
46.5c 42.0c +11%Free operating cash flow per share
5.0c 3.0c +67%Distribution
Committed to the development of potential
financial overview
CAGR = 15%
• growth and efficiency
for the six months ended 30 June 2007
Committed to the development of potential
financial overview
• cash flow generation
CAGR = 27%
CAGR = 51%
for the six months ended 30 June 2007
Committed to the development of potential
financial overview
CAGR = 43%
• profitability
for the six months ended 30 June 2007
Committed to the development of potential
financial overview
Committed to the development of potential
advtech education
SCHOOLS TERTIARY SKILLS
Committed to the development of potential
education - strategy
Academic excellence
National priority
Investment ininfrastructure
Operationalefficiency
Pro
fita
bilit
yG
rowth
Quality
Demand
Committed to the development of potential
national priority
Source: Dept of Education - Education Statistics at a glance, 2005
Did you know?
Education remains single largest expenditure item in national budget – R105.5bn
30 out of every 100 people in SA are either learners or students
Illiteracy rate in SA for adults over 15 years old = 30%
207 500 young people registered for learnerships; Govt earmarks R4.4bn for SETA learnerships
ADH has approximately 40 000 learners/students
Committed to the development of potential
national priority
Source: James Myburgh, March 2007
Did you know?
Only 22% of first time entering students graduate after 5 years (2000/2001) –“Access without a fair chance of success is not access at all” – Mr Enver Surty, Deputy Minister of Education
Learners who wrote 2006 matric were the first to have begun their school careers after 1994 elections:
66.5% passed (1996: 54%)
16.2% passed with exemption (1996: 15.4%)
4.8% passed maths at higher grade
Exemption rate is still lower than in 1980’s but higher in absolute numbers
Very little change in number of higher grade maths passes
Committed to the development of potential
national priority
Manuel Laments SA Skills Dearth - fin24, 22 Feb
2007
More pupils go to (and finish) school – Pta News, 05 Sept 2006
With average age of skilled technical staff now at 54, SA is resorting to importing skilled staff – Business Day, 19 Sept 2006
80% of schools need help! – Daily Sun, 16 Oct 2006
Meer skole wat nawins najaag, verwag –Sake Rapport, 23 July 2006
Half SA’s education degrees fail to make the grade – Mail & Guardian, 4 Aug 2006
Pressure to perform has SETAs running on critically low reserves – Business Day, 1 Aug 2006
Major Boost For Education -fin24, 21 Feb 2007
Committed to the development of potential
academic excellenceIf current trends continue, one out of five who start school now will pass matric in 12 years’ time – Business Day, Jan 2007
Against this backdrop, ADvTECH and its school learners achieved:
100% matric pass rate (2005: 100%)
74% achieved either A or B aggregates
2 200 distinctions
107 learners across the Schools division achieved 6 or more A’s
Committed to the development of potential
academic excellenceThe current participation rate in tertiary education in SA is 1.5%, half that of Egypt!
Against this backdrop, ADvTECH and its tertiary students achieved:
Over 69 000 exams written by full-time students (61% pass rate)
1 685 full-time graduates of which 209 were with distinction
7 115 graduates from short learning programmes across the Group
82% pass rate at Rosebank College76% pass rate at Varsity College
Vega students won several awards including:17 Loeries (including 2 gold)
Committed to the development of potential
academic excellence
Registered with DoE as a Private Higher Education Institute –30 higher education programmes on 19 sites
Strong academic governance system & represented on all senior forums of ADvTECH (Board, Exco, Transformation Committee, etc)
Employs over 200 staff with Master or PHD qualifications
Fully compliant with all regulatory requirements
Committed to the development of potential
investment in infrastructure
Committed to the development of potential
investment in infrastructure
Continuous programme of capital investment
Accelerated in 2004
Totaled R296m over past 6.5 years
Averaged R45.5m per year over past 6.5 years
Averaged R57m per year over past 3.5 years since 2004
Committed to the development of potential
increased demand
National School Enrolments
5 & 6 YEAR CAGR’s
(2000 – 2006)
PUBLICLEARNERS
0.5%
4.5%
INDEPENDENT LEARNERS
0.4%
3.8%
Source: Dept of Education
Committed to the development of potential
education - strategy
Academic excellence
National priority
Investment ininfrastructure
Operationalefficiency
Pro
fita
bilit
yG
rowth
Quality
Demand
Committed to the development of potential
increased demand
CAGR = 17%
for the six months ended 30 June 2007
Committed to the development of potential
operational efficiencyfor the six months ended 30 June 2007
• improves operating leverage and profitability
Committed to the development of potential
advtech resourcing
RECRUITMENT
Committed to the development of potential
resourcing - strategy
Skills shortage
Niche focus
Focu
sed bu
sines
s
model
Gro
wth
Pro
fitab
ility
Committed to the development of potential
resourcing - highlights
Further market share gains in niche areas of Finance, IT & Engineering
Strong growth and improved operational efficiencies
Positive outlook for full year
Committed to the development of potential
skills shortage
Manuel Laments SA Skills Dearth - fin24, 22 Feb
2007
More pupils go to (and finish) school – Pta News, 05 Sept 2006
With average age of skilled technical staff now at 54, SA is resorting to importing skilled staff – Business Day, 19 Sept 2006
1 500 new jobs being created every day – Budget Speech 2006
207 497 young people registered for learnerships – Budget Speech 2006
… demand for skills has been unprecedented … – Business Day, Nov 2006
Committed to the development of potential
niche focusfor the six months ended 30 June 2007
CAGR = 19%
• on finance, it & engineering … is driving demand
Committed to the development of potential
focused business model
• provides higher levels of efficiency and profitability
for the six months ended 30 June 2007
Committed to the development of potential
prospects
The Group expects improved results and cash flow for the full year.
Through its:
Continued investment in infrastructure and capacity,
Quality academic service offering,
Sustained track record of academic achievement, and its
Continued increase in student enrolments
The Education division is expected to sustain the encouraging trend of financial performance
Through its:
Highly focused and effective recruitment business model,
Market leadership positions in its chosen markets, and the
High quality job placement experiences of our candidates
The Resourcing division is well positioned to deliver further growth
Committed to the development of potential
thank you
G R O U P
A BETTER LIFE FOR ALL …