Adtalem Global Education (ATGE) investor relations material

Business overview and market positioning

• Operates as a major provider of healthcare education, producing physicians, nurses, social workers, and veterinarians, with over 90,000 students across multiple institutions.

• Focuses on areas with acute healthcare talent needs, leveraging both physical campuses and online programs to reach a broad student base.

• Targets non-traditional, working adult students, immigrants, and career changers, aligning with demographic trends in higher education.

• Benchmarks tuition against state university out-of-state rates and competitors, with annual price optimization to balance growth and competitiveness.

Growth strategy and operational excellence

• Pursues mid-single-digit top-line growth and annual margin expansion of about 100 basis points, consistently meeting or exceeding these targets.

• Implements a three-year 'Growth with Purpose' strategy focused on marketing, enrollment, persistence, pricing, and programs, resulting in record student graduations.

• Sees continued operational efficiency gains and expects further improvements in academic and financial results.

Partnerships and expansion opportunities

• Develops proprietary talent pipelines with health systems, exemplified by the SSM Health Aspiring Nurse program, offering tuition support and employment pathways.

• Actively exploring similar scalable partnerships with other multi-site health systems, leveraging national reach and online programs.

• Considering expansion into Allied Health fields, guided by employer demand and market opportunity, to further extend its healthcare education thesis.