Legacy Education (LGCY) Investor presentation summary

Company overview and market positioning

• Operates six nationally accredited campuses in California, focusing on affordable, high-demand allied healthcare, veterinary, and business programs with 2,768 enrolled students as of December 31, 2024.

• Achieved 79% graduation rate, 78% placement rate, and 79% NCLEX pass rate, with a 2% monthly student attrition rate.

• Programs are designed for high ROI, shorter durations, and strong alignment with employer needs, leveraging hybrid and interactive distance learning models.

• Strategic campus locations target areas with high job growth and address gaps left by traditional community colleges.

Growth strategy and expansion

• Pursues organic growth through new program development, cross-program integration, and re-enrollment opportunities.

• Expands via accretive acquisitions, with recent additions including Contra Costa Medical Career College, contributing to a 25% four-year enrollment CAGR.

• Top five programs by enrollment represent 65% of total, with strong re-enrollment pathways and experiential extern sites.

• 36% of current enrollment attributed to successful M&A activities, with an active pipeline for future acquisitions.

Financial performance and key metrics

• Reported $52.7M in LTM revenue (33% YoY growth), $9.9M LTM adjusted EBITDA (87% YoY growth), and $16.9M in cash as of December 31, 2024.

• Student acquisition cost is $2K, generating over 10x annual revenue per student ($23K ARPS).

• Q2 FY25 revenue reached $13.6M (29% YoY growth), with 2,768 ending enrollment (45% YoY growth).

• Maintains strong liquidity and working capital ($18.9M), supporting ongoing operations, capex, and M&A.