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Mission Statement

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Other includes charges accrued for stock-based incentive compensation and ... Justice Ginsburg. discussing Concord Law School in remarks. at Rutgers Law School ... – PowerPoint PPT presentation

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Title: Mission Statement


1
(No Transcript)
2
Mission Statement
  • Kaplan helps individuals achieve
    theireducational and career goals.  We build
    futures one success story at a time.

3
  • Higher Education

Supplemental Education
4
Kaplan Year-to-Date Results 2005(6 months)
Revenue(in thousands) 2005 2004 Change
Supplemental education 329,044 279,010 18
Higher education 342,119 255,957 34
              671,163 534,967 25
5
Kaplan Year-to-Date Results 2005(6 months)
Operating income (loss)(in thousands) 2005 2004 Change
Supplemental education 53,900 45,694 18
Higher education 46,998 43,515 8
Kaplan corporate overhead (22,034) (15,190) (45)
Other (12,110) (23,939) 49
             66,754 50,080 33
Other includes charges accrued for stock-based
incentive compensation and amortization of
certain intangibles.
6
Kaplan Revenue 2000-2004 ( in millions)
7
Revenue by Business Unit
2002
2004
621M
1,135M
8
Areas of Kaplans Growth Since 2002
  • Acquired 27 businesses for 365M
  • Expanded international presence
  • Nearly doubled number of higher
    education campuses
  • Grew online operations

9
Drivers of Growth in Education Market
10
Knowledge Economy
By contrast, in 1998
In 1973
10
16
30
32
12
33
9
40
18
Bachelors or advanced degree Associates
degree Some college Finished high school and
stopped there Workers that had not completed high
school
Source Anthony P. Carnevale, Donna M.
Desrochers, Richard A. Fry, Stephen R. Rose,
Educational Testing Service Office of Public
Leadership ETS analysis of Current Population
Survey (March 1994 1999), 2001
11
No Child Left Behind
  • Increased spending on assessments and remediation

Market size ( in millions)
Source Eduventures, Testing in Flux Future
Directions in the Pre-K-12 Assessment Market,
2004 Eduventures, K-12 Solutions Learning
Markets Opportunities 2004, 2004
12
Competition for University Admissions
Projected number of U.S. high school graduates
2005-2009
Number of students (in millions)
Source National Center for Education Statistics,
Projections of Education Statistics to 2013,
2003
13
International Student Growth
  • Global demand for international higher education

Number of students (in millions)
Source IDP Education Australia, Global Student
Mobility 2025, 2002
14
Acceptance of Online Learning
Students enrolled in 100 online education
Number of students (in millions)
Source Eduventures, Online Distance Education
Market Update 2005, 2005
15
Units of Kaplan
16
Kaplan Test Prep and Admissions
  • 159 centers, 280,000 students
  • K12    
  • Pre-College
  • Graduate
  • Medical
  • English Language

17
KTPA Highlights
  • Increased revenue 25 from 2002 to 2004
  • In 2004, grew revenue at nearly twice the rate of
    The Princeton Review
  • Expanded international presence with Kidum
    acquisition
  • Launched programs for new UK postsecondary exams

18
K12 Learning Services
  • Seven of nations ten largest school districts
    since 2002
  • Curriculum development and support
  • Teacher training
  • After-school instruction

19
K12 Highlights
  • Increased revenue 125 from 2002 to 2004
  • Helped New Yorks Region 5 achieve citys
    greatest math and reading improvements
  • Developed new curriculum for high schools in
    Philadelphia and Camden, NJ
  • Created after-school program for Los Angeles
    public
    schools

20
KTPA Challenges
  • Growth of local competitors focused on single
    products
  • Declining numbers of test-takers for some
    graduate admissions exams
  • Scaling up to meet growing demand for K12
    services in response to NCLB

21
Kaplan Professional
  • 51 locations, 500,000 courses sold in 2004
  • Financial services
  • Real estate
  • IT
  • Publishing

22
KP Highlights
  • Increased revenue 35 from 2002 to 2004
  • Acquired 12 companies since 2002
  • Achieved solid growth in real estate and
    publishing
  • Diversified into new professional market segments

23
KP Challenges
  • Sustainable growth in highly cyclical markets
  • Integration of acquisitions
  • Maximizing return on technology investments

24
Financial ServicesTraining and Compliance
  • Modest growth in insurance and securities
    education
  • Industry shift from education to compliance
    services
  • No providers successfully serving both segments
  • Acquisition of BISYS Education and eMind
  • Consolidation enables Kaplan to become
    one-stop-shop

25
SCORE!
  • 167 centers, 82,000 students
  • Computer-based programs and personal tutoring
  • Positive reinforcement and feedback
  • Enrichment and remediation

26
SCORE! Highlights
  • Increased revenue 15 from 2002 to 2004
  • Opened 25 new centers since 2002
  • Doubled number of students in last five years
  • Expanded early learning services through
    Headsprout partnership

27
SCORE! Challenges
  • Reinventing curriculum and establishing internet
    delivery
  • Staffing strategy reliant on recent college
    graduates
  • Center redesign and technology upgrade

28
Kaplan Higher Education Campus-based
  • 76 campuses, 32,000 students
  • Market-driven education
  • Career-focused programs in allied health,
    business, legal, IT
  • Certificate, associates and bachelors
    programs

29
KHE Campus Highlights
  • Increased revenue 83 from 2002 to 2004
  • Since 2002
  • Acquired or opened 30 campuses
  • Added 11,400 students
  • Introduced 125 new programs

30
KHE Campus Challenges
  • Reduction in unemployment rates
  • Increased competition
  • Industry players under increased scrutiny
  • Rapid growth challenges management
    capacities

31
Kaplan University
  • 19,000 students online
  • Career-oriented programs for working adults
  • Extensive support network for students
  • Major economic force in South Florida

KU Ft. Lauderdale
32
KU Highlights
  • More than tripled revenue from 2002 to 2004
  • Doubled enrollment each year since 2002
  • Added 10 degree programs since 2002
  • Achieved university status with introduction of
    masters degree programs

KU Ft. Lauderdale
33
KU Challenges
  • Higher Education Act reauthorization
  • Higher cost per lead
  • Student retention in online environment
  • Faculty and administrator recruitment

KU Ft. Lauderdale
34
Concord Law School
  • 1,600 students
  • Worlds first fully online law school
  • Among largest law schools in the U.S.
  • More than half of students already have advanced
    degrees

35
Concord Law School
The process inevitably loses somethingvital
when students learn in isolation.
Justice Ginsburgdiscussing Concord Law School in
remarksat Rutgers Law SchoolSeptember 9, 1999
Source Legal Times
36
Concord Law School
Justice Scaliaparticipated in anonline chat
with Concord studentson June 25, 2004
37
KHE Management
  • Kaplan President Andy Rosen to oversee both
    domestic higher education businesses
  • New management structure to
  • Combine expertise of campus and online
    leadership
  • Increase collaboration on lead sharing,
    curriculum, hybrid programs
  • Provide strong platform for long-term
    growth

38
Kaplan International
  • 29 locations, 46,600 students
  • Financial Training Company (UK, Asia)
  • Dublin Business School (Ireland)
  • Asia Pacific Management Institute (Singapore,
    Hong Kong)
  • Kaplan International Colleges (UK)

39
KI Highlights
  • Increased FTC revenue 32 in first full year of
    ownership (2004)
  • Through first six months 2005, FTC achieved equal
    market share with BPP
  • Expanded higher education
    presence in UK and Asia
  • Created partnerships with UK
    universities to serve
    international
    students

40
KI Challenges
  • Potential tightening of visa policies
  • New management at several businesses
  • Maintaining relationships with university
    partners
  • Limited experience in international markets

41
Evolving the Kaplan Brand
42
The Kaplan Brand
  • Kaplan still struggles to overcome perception as
    test prep company
  • Multiple brand identities confuse customers
  • Recognition as a global education provider
    requires unifying the Kaplan brand

43
Kaplan Today
44
New Corporate Identity
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