Strategic Roadmap and Financial Performance
Education Platform | NEMA
Revenue | AED MN
468.8
533.6
120.6
108.9
Financial and Operational Review | Period Ended 31st March 2022
Financial Performance (*)
10% decline in revenue following post-COVID normalization in credit hours per student due to return of in-person
learning and the timing of corporate services contracts
Higher G&A from one-time professional fees and post COVID health and safety measures implemented on return to
in-person learning
Growth in G&A partly offset by direct cost reductions from lower revenues, lower receivables provisioning and an
AED 2.2MN one time impact from credit balance releases pertaining to old student's payables
FY20
FY21
1Q21
1Q22
Net Cash / (Debt)
AED (175.2) MN(1)
31 Mar. 2022
EBITDA | AED MN
Action Plan
✓ Completed Initiative
Ongoing Initiative
37.4%
33.3% 1 32.0%
31.0%
✓ Launched the College of Health Sciences
✓
Executed cost optimization strategy
177.9
175.3
39.0
FY20
FY21
1Q21
33.3
1Q22
Corporate
Strategy
-o-EBITDA Margin
Net Profit | AED MN
✓ Introduced additional co-ed programs to improve efficiency
✓ Completed construction of the new Al Ain campus
✓ Acquired remaining 49% stake of Khawarizmi Holding Company to reach 100% ownership
Screening suitable acquisition targets
Introducing new programs/courses
• Enhancing the online learning and digitization across the group
Developing marketing strategy to increase international student acquisition
• Seeking to expand geographical reach of the training vertical within the GCC region
Improving utilization of group's real estate assets
✓ Implemented cash management initiative
• Optimizing capital structure to fund growth initiatives and improve cost and maturity profile of
debt
24.2%
22.1% 23.0%
20.0%
113.4
118.1
Corporate
Finance
27.3
22.1
FY20
FY21
1Q21
1Q22
Corporate
Governance
Focusing on obtaining further academic excellence and recognition
• Developing a revised legal structure
• Optimizing organizational structure and human capital
-NP Margin
(1) Net Debt/Cash excluding lease liabilities of AED 8.2 MN | (*) The university's fiscal year ends on 30 August, results are presented based on Amanat's fiscal year ending on 31 December
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