Nord Anglia Education Announces Starting Student Enrollment for 2015/2016 Academic Year and Provides Outlook for Fiscal 2016

HONG KONG, Oct. 15, 2015 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD), the world's leading premium schools organization, today announced its starting student enrollment for the 2015/2016 academic year and provided full year fiscal 2016 guidance for Revenue, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS.

Starting Student Enrollment for 2015/2016 Academic Year

Student enrollment at Nord Anglia Education's 42 schools around the world totalled 34,177 full time equivalent students (FTEs) as of September 27, 2015.  This represents a 73% increase over enrollment as of September 28, 2014 of 19,740 FTEs and is comprised of 11% organic enrollment growth and 62% from the acquisition of four schools in Vietnam and the six schools from Meritas during fiscal 2015.

Total capacity increased by 84% to 48,998 seats as of September 27, 2015 from 26,587 seats as of September 28, 2014, resulting in utilization of 70% for the start of the 2015/2016 academic year.

Andrew Fitzmaurice, CEO of Nord Anglia Education, commented, "We are very pleased to report strong organic student enrollment growth at our schools for the start of the 2015/2016 academic year.  We are delighted with the strong performance in the Middle East and South East Asia as well as the solid growth achieved in China and North America over the past twelve months.  Consistent with past years we expect incremental in-year enrollment growth during the remainder of the year.  In addition, in line with our growth strategy we continue to work on an increasing number of opportunities to acquire schools and establish new greenfield schools."

The tables below set out the regional breakdown of enrollment and capacity as at September 28, 2014 and September 27, 2015: 

Fiscal 2016 Outlook

Nord Anglia Education's full year fiscal 2016 guidance for Revenue, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted EPS is set out in the table below:

The company expects diluted weighted average shares for fiscal 2016 of approximately 104.5 million.

The outlook set out above includes the impact of our loss making greenfield campuses in Chicago and Aubonne opened in September 2015 and September 2014, respectively.  It does not include the impact of unannounced acquisitions.  Nord Anglia Education may complete acquisitions at any time during fiscal 2016.

Nord Anglia Education will release full year fiscal 2015 results on November 16, 2015 at 4:00pm and host a conference call at 5:00pm (Eastern Time) to discuss the results.

Conference call details for starting student enrollment and updated fiscal 2016 guidance

Nord Anglia Education will host a conference call on October 15, 2015, at 8:00am (Eastern Time) to discuss our starting student enrollment numbers for the 2015/2016 academic year and provide the outlook for fiscal 2016.

A live webcast of the conference call will be available via the investor relations section of nordangliaeducation.com.

Those interested in participating in the conference call should dial:

An audio replay of the conference call will be available through October 22, 2015 via the investor relations section of nordangliaeducation.com or by dialling the following:

Forward-Looking Statements

This press release includes statements that express our current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, "forward looking statements".  These forward looking statements can generally be identified by the use of forward-looking terminology, including the terms "believe," "expect," "may," "will," "should," "seek," "project," "approximately," "intend," "plan," "estimate" or "anticipate," or, in each case, their negatives or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning among other things, our future enrollments, acquisitions, greenfield developments and strategies.

By their nature, forward-looking statements relate to events that involve risks and uncertainties or that depend on circumstances that may or may not occur in the future. We believe that these risks and uncertainties include, but are not limited to, those under "Risk Factors" in our most recent registration statement on Form F-3 filed with the SEC.

Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.

About Nord Anglia Education, Inc.

Nord Anglia Education (NYSE: NORD) is the world's leading premium schools organisation. Our 42 international schools are located in China, Europe, the Middle East, Southeast Asia and North America. Together, they educate more than 34,000 students from kindergarten through to the end of secondary education.  We are driven by one unifying philosophy – we are ambitious of our students, our people and our family of schools. Our schools deliver a high quality education through a personalized approach enhanced with unique global opportunities to enable every student to succeed. We primarily operate in geographic markets with high foreign direct investment, large expatriate populations and rising disposable income. We believe that these factors contribute to high demand for premium schools and strong growth in our business.  Nord Anglia Education is headquartered in Hong Kong SAR, China. Our website is www.nordangliaeducation.com.

Investors:
Vanessa Cardonnel
Corporate Finance and Investor Relations Director - Nord Anglia Education
Tel: +852 3951 1130
Email: [email protected]

Kevin Doherty
Managing Director, Investor Relations - Solebury Communications Group LLC
Tel: +1 203 428 3233
Email: [email protected]

Media:
Sarah Doyle
Head of Brand - Nord Anglia Education
Tel: +852 3951 1144
Email: [email protected]

SOURCE Nord Anglia Education, Inc.

Related Links

http://www.nordangliaeducation.com