Pearson Plc · LSE:PSON
Pearson — 9M 2021 Earnings Presentation
13 slides from Pearson's earnings presentation, Oct 15, 2021
Slide 1: Forward-looking statements
Forward-looking statements Except for the historical information contained herein, the matters There are a number of factors which could cause actual results and discussed in this statement include forward-looking statements. In developments to differ materially from those expressed or implied parti
Slide 2: Nine-month Trading Update
Nine-month Trading Update Friday 15th October 2021
Slide 3: Encouraging progress
Encouraging progress 1 2 3 Continued Strong momentum strategic progress Focus on execution across the business 4 5 6 Strong Consumer grade Well-positioned for team products sustainable, long-term growth underpinned by a strong balance sheet Nine-month trading update 2021 3
Slide 4: Highlights
Highlights ➔ ➔ Good financial performance with Pearson+ service progressing well nine-month revenue up 10% with strong response from students, faculty and authors ➔ ➔ Stronger Assessment & Qualifications Outlook unchanged; on track to meet offsets weakness in Higher Education market expectations fo
Slide 5: Strong performance from Assessment & Qualifications
Strong performance from Assessment & Qualifications • Revenue up 24% • Strong performance across Pearson VUE, School Assessment and Clinical Assessment • Assessment, qualification or certification increasing in importance as people are looking to up-skill and re-skill more often in their lives • Str
Slide 6: US Higher Education, impacted by lower enrolments due to COVID-19
US Higher Education, impacted by lower enrolments, particularly in community colleges, due to COVID-19 0.0000012 3,500 15th July COVID Infections U.S. (14 Day Total New Cases) Initial Jobless Claims 3,000 0.000001 3,086k 2,500 0.0000008 2,186k 2,103k 2,057k 1,820k 2,000 0.0000006 1,500 1,269k 1,136k
Slide 7: Product Listing Ad (PLA) position
Product Listing Ad (PLA) position Digital piracy context: Industry wide issue Product Listing Ads: Removed for all digital books Implications: Short-term, significantly impacted Pearson+ service marketing channel Next steps: Only print textbooks available via Google Pearson and industry workin
Slide 8: Pearson+ service
Pearson+ service • Strong response post late July launch • Over 2 million registered users, reflecting a strong uptake from MyLab & Mastering (MLM) subscribers and more than 100k incremental paid subscriptions • Liked by students with an App store rating of 4.7 • Key part of strategy to build stro
Slide 9: Good financial progress
Good financial progress Group revenue has grown 10% ✓ Virtual Learning Higher Education English Language New organisational structure revenue revenue Learning revenue +14% -7% +15% fully operational ✓ Moving to the next stage of our strategic review with marketing of the majority of Pearson’s intern
Slide 10: Workforce Skills
Workforce Skills • Good progress to build new offering in this sizeable market • Recently acquired Faethm, the workforce AI and predictive analytics company • Important first step to enhance our ability to help businesses understand the skills they have today and those that they will need for th
Slide 11: Academy of Pop
Academy of Pop Nine-month trading update 2021
Slide 12: Summary
Summary 1 2 3 Continued Strong momentum strategic progress Focus on execution across the business 4 5 6 Strong Consumer grade Well-positioned for team products sustainable, long-term growth underpinned by a strong balance sheet Nine-month trading update 2021 12
Slide 13: Pearson
© Pearson