Pictured: Teams from IDP's Digital Campus

IDP Education

Half Year Financial Results

Six Months to 31 December 2020

The material in this presentation has been prepared by IDP Education Limited (ASX: IEL) ABN 59 117 676 463 ("IDP Education") and is general background information about IDP Education's activities current as at the date of this presentation. The information is given in summary form and does not purport to be complete. In particular you are cautioned not to place undue reliance on any forward looking statements regarding our belief, intent or expectations with respect to IDP Education's businesses, market conditions and/or results of operations, as although due care has been used in the preparation of such statements, actual results may vary in a material manner. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice.

IDP Education uses certain measures to manage and report on its business that are not recognised under Australian Accounting Standards. These measures are collectively referred to as non-IFRS financial measures. Although IDP Education believes that these measures provide useful information about the financial performance of IDP Education, they should be considered as supplemental to the measures calculated in accordance with Australian Accounting Standards and not as a replacement for them. Because these non-IFRS financial measures are not based on Australian Accounting Standards, they do not have standard definitions, and the way IDP Education calculates these measures may differ from similarly titled measures used by other companies. Readers should therefore not place undue reliance on these non-IFRS financial measures.

Note: All financial amounts contained in this presentation are expressed in Australian dollars unless otherwise stated. Any discrepancies between totals and the sum of components in tables contained in this Presentation are due to rounding.

H1 business highlights

Regaining momentum and positioned to support the sector's recovery

Emerging as stronger leaders from global crisis

Resilient business model: Diverse business model and digital transformation strategy held the organisation in good stead through crisis

Global team: Held global capability together

Strong financial position: Strong cash balance and disciplined cost management

Demand remains: IELTS volumes rebounding to pre-pandemic levels

Supported customers: Students ready to recommence study plans as borders reopen

Critical client services: Our data insights are increasingly valuable as higher education institutions formulate their rebound strategies

Foundations for growth: Investment in digital technology and capability have accelerated our innovation

Ready for opportunities: Poised to take advantage of investment opportunities

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Idp Education Ltd. published this content on 24 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 21:24:02 UTC.