Interim results

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Interim results
For the six months ended 30 June 2009
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In the past year

• The world has and continues to face the global
  economic downturn.
• The economy is slowing but this does not mean
  peoples will to succeed is tapering off.
• FM Article on ADVTECH, Larry Claasen, July 2009
• In the past 100 days, South Africans have been
  led by the new ANC government
• It is proper that we have a common
  understanding that the leaders that this country
  requires should first and foremost be educated.
• President Jacob Zuma, Youth Leader Summit, July
  2009

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U.S. male unemployment rates
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U.S. male unemployment rates
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• In South Africa the big picture is the same but
  there are special features
• Poverty
• Chronic unemployment and under-employment
• Dysfunctional systems
• Growth opportunities

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7

8

000
Source Stats SA Community Survey (2007)
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Attendance at an educational institution amongst
persons aged 18 to 24 years 1996, 2001, 2007

Source Stats SA Community Survey (2007)
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A small group of passionate people is all it
takes to change the world. In fact, if you look
through the history of humanity, they are the
only ones who have ever changed anything. Mark
Shuttleworth
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Group highlights

• Healthy financial performance.
• Revenue up 23 equally split between organic and
  acquisitive.
• Growth in enrolments.
• Creditable relative performance in recruitment.
• FLB acquisition.
• Consistent long term growth.
• Underpinned by balance sheet and cash flow.
• Growing reputation.

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Financial highlights
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Financial overview
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Financial overview
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Financial overview
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Financial overview
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Financial overview
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Financial overview
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Balance sheet insight
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Debtors
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Segmental analysis
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Segmental analysis
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ADvTECH Education
SCHOOLS
TERTIARY
SKILLS
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Education
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Education
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FLB acquisition

• Campus in Randburg.
• Leading accounting school.
• Unisa tuition
• QE preparation
• Approximately 2000 students.
• Top B Compt Honours student in the last 4 years.

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FLB acquisition
Rationale and strategy

• Good academic record.
• Complimentary to Varsity College.
• Roll out possibilities.
• Geographically
• Complimentary courses
• 9 years old, proven model.
• Retained current management.

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ADvTECH Resourcing
RECRUITMENT
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Resourcing division
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Resourcing division
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Group strategy

• ADH positioned in areas of national and strategic
  importance with strong underlying demand.
• Key competencies (and differentiators) in career
  preparation.
• Market leadership in key recruitment niches.
• Sustained verifiable record of success.
• Ongoing prudent investment justified and
  affordable.
• ADH perfectly positioned for resilience in
  tougher
• times coupled with growth.

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Group sustainability

• Resilient model spurred on by the enduring
  benefits that education provides.
• Quality.
• New capacity
• Capex
• Acquisition
• Infrastructure
• IIE and new product innovation ongoing.

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Group sustainability

• Shortage of skilled resources driving growth in
  key niches.
• Niche focus.
• Infrastructure.
• Proven methodology.

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Our econony
Challenges

• Job market reduced overall demand and longer
  decision cycle.
• Affordability - cyclical pressure experienced.
• Education remains an aspirational investment -
  demand remains strong.
• Demand spending under pressure.
• Skills shortage - remains a challenge.

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Our econony
Responses

• Continued niche focus.
• Affordability - improved access to student
  financing.
• Education remains a long term focus requiring
  increased capacity, investment in new programmes
  in the broadest sense and quality improvements.
• Skills shortage - maintain focus on proven
  methodology and service delivery.

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5 Year Market Cap Index
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Questions