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Financial Highlights and Strategy Rick Gunst Senior Vice President and Chief Financial Officer Rick Gunst Senior Vice President and Chief Financial Officer.

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Presentation on theme: "Financial Highlights and Strategy Rick Gunst Senior Vice President and Chief Financial Officer Rick Gunst Senior Vice President and Chief Financial Officer."— Presentation transcript:

1 Financial Highlights and Strategy Rick Gunst Senior Vice President and Chief Financial Officer Rick Gunst Senior Vice President and Chief Financial Officer

2 Revenue Fiscal Years In Millions

3 Net Income Fiscal Years In Millions

4 Revenue First Nine Months In Millions +12.6%

5 Net Income and EPS First Nine Months +92.8% Net IncomeEarnings Per Share +93.2% *Includes $12.4 million after-tax gains from DeVry University facility sales and $0.7 million in severance charges. $48.5 $11.7* $0.68 $0.17* $M

6 Segment Results DeVry University First Nine Months *Includes $20.9 million pre-tax gains from DeVry University facility sales and $1.1 million in severance charges. +8.9% RevenueOperating Income +63.5% $20.1 $19.8* $M

7 Segment Results Medical and Healthcare First Nine Months +27.2% RevenueOperating Income +28.3% $M

8 Segment Results Professional and Training First Nine Months +30.7% RevenueOperating Income +39.3% $M

9 Opportunities for Margin Expansion Pre-Tax Income In Millions 3.8% 9.2% *Includes $20.9 million pre-tax gains from DeVry University facility sales and $1.1 million in severance charges.

10 DeVry University 12.5% 3.7%*(8.8) pts Medical & Healthcare-37.4%+37.4 pts Professional & Training28.6%36.1%+7.5 pts Interest/Amort./Depr.(0.3)%(1.7)%(1.4) pts Total DeVry Inc.13.2%9.2%(4.0) pts Pre-Tax Operating Margin (%) YTD Q3 FY’03 YTD Q3 FY’07 B(W) *FY’07 results exclude facility sale gains and severance charge. Opportunities for Margin Expansion FY’03-FY’07

11 Workforce Reductions FY 2007 Voluntary Separation70$1.1$2.6$3.7 Involuntary Separation145-$2.6$ $1.1$5.2$6.3 # of Employees Cost Reductions of $10 Million Per Year in FY 2008 and Beyond Severance ($M) Q3Q4Total

12 Real Estate Strategy Optimizing Large Campuses We are committed to every market we serve. Category 1Category 2Category 3 Enrollment growthLower enrollments Desirable locationNear term leases or high property values Longer term leases or lower property values Strategy: Retain facility Strategy: Sell and relocate or leaseback space Strategy: Reconfigure/ co-locate

13 Substantial Debt Reduction In Millions

14 Financial Strategy  Reduced debt levels  Amended credit agreement  Declared first dividend  Initiated stock repurchase program –Repurchased 194,000 shares for $5.3 million in Q3 FY 2007 Building Value for Our Shareholders

15 Financial Highlights  Improving operating performance  Strengthening financial position  Enhancing shareholder returns Summary


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