IDP Education Ltd (OTCPK:IDPUF)

$ 10.53 0 (0%) Market Cap: 2.85 Bil Enterprise Value: 3.02 Bil PE Ratio: 27.22 PB Ratio: 8.08 GF Score: 84/100

Half Year 2022 IDP Education Ltd Earnings Call Transcript

Feb 08, 2022 / 10:00PM GMT

Release Date Price: $9.6

Transcript

Andrew Barkla

IDP Education Limited - MD, CEO & Director

Thanks, operator, and good morning, everybody. This morning, I'm joined by Murray Walton, our Chief Financial Officer; and Craig Mackey, our Head of Investor Relations and Corporate Development.

I'm pleased to report that IDP's strength of business model, impactful innovation, a highly capable team and determined customers have delivered a strong rebound of results in the first half of FY '22. And when we look at Page 4, which summarizes our H2 performance, you can see we've delivered a record revenue of $397 million, up 47%; EBIT at $80.7 million is up 64%; NPAT at $52.9 million is up 70%; our cash balance at $205 million is down a little from where we were at June 30 of 2021. Of course, that's primarily related to the acquisition of the BC IELTS business in India, where we used $159 million of that cash.

When we look across the key service lines, our student placement is up to 28,200 APF. That's up 33%, primarily driven by the demand and the opportunity, of course, to travel into the Northern Hemisphere. Canada APFs were up

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