Committed to the development of potential

interim results

FROM THE CLASSROOM

TO THE BOARDROOM,

WE ARE COMMITTED TO THE

DEVELOPMENT OF

POTENTIAL

for the six months ended 30 June 2007

Committed to the development of potential

group - highlights

Sound academic and operational performance

Continued investment in infrastructure and resources

Continued growth in academic capacity and depth

Some progress on litigation matter

Excellent financial performance

Increased distribution to shareholders

Positive outlook for full year

Committed to the development of potential

financial highlightsfor the six months ended 30 June 2007

20062007 % Change

R475m R413m +15%Revenue

R72m R55m +30%Operating profit

14.4c 10.1c +43%HEPS

13.7c 9.4c +46%Diluted HEPS

46.5c 42.0c +11%Free operating cash flow per share

5.0c 3.0c +67%Distribution

Committed to the development of potential

financial overview

CAGR = 15%

• growth and efficiency

for the six months ended 30 June 2007

Committed to the development of potential

financial overview

• cash flow generation

CAGR = 27%

CAGR = 51%

for the six months ended 30 June 2007

Committed to the development of potential

financial overview

CAGR = 43%

• profitability

for the six months ended 30 June 2007

Committed to the development of potential

financial overview

Committed to the development of potential

advtech education

SCHOOLS TERTIARY SKILLS

Committed to the development of potential

education - strategy

Academic excellence

National priority

Investment ininfrastructure

Operationalefficiency

Pro

fita

bilit

yG

rowth

Quality

Demand

Committed to the development of potential

national priority

Source: Dept of Education - Education Statistics at a glance, 2005

Did you know?

Education remains single largest expenditure item in national budget – R105.5bn

30 out of every 100 people in SA are either learners or students

Illiteracy rate in SA for adults over 15 years old = 30%

207 500 young people registered for learnerships; Govt earmarks R4.4bn for SETA learnerships

ADH has approximately 40 000 learners/students

Committed to the development of potential

national priority

Source: James Myburgh, March 2007

Did you know?

Only 22% of first time entering students graduate after 5 years (2000/2001) –“Access without a fair chance of success is not access at all” – Mr Enver Surty, Deputy Minister of Education

Learners who wrote 2006 matric were the first to have begun their school careers after 1994 elections:

66.5% passed (1996: 54%)

16.2% passed with exemption (1996: 15.4%)

4.8% passed maths at higher grade

Exemption rate is still lower than in 1980’s but higher in absolute numbers

Very little change in number of higher grade maths passes

Committed to the development of potential

national priority

Manuel Laments SA Skills Dearth - fin24, 22 Feb

2007

More pupils go to (and finish) school – Pta News, 05 Sept 2006

With average age of skilled technical staff now at 54, SA is resorting to importing skilled staff – Business Day, 19 Sept 2006

80% of schools need help! – Daily Sun, 16 Oct 2006

Meer skole wat nawins najaag, verwag –Sake Rapport, 23 July 2006

Half SA’s education degrees fail to make the grade – Mail & Guardian, 4 Aug 2006

Pressure to perform has SETAs running on critically low reserves – Business Day, 1 Aug 2006

Major Boost For Education -fin24, 21 Feb 2007

Committed to the development of potential

academic excellenceIf current trends continue, one out of five who start school now will pass matric in 12 years’ time – Business Day, Jan 2007

Against this backdrop, ADvTECH and its school learners achieved:

100% matric pass rate (2005: 100%)

74% achieved either A or B aggregates

2 200 distinctions

107 learners across the Schools division achieved 6 or more A’s

Committed to the development of potential

academic excellenceThe current participation rate in tertiary education in SA is 1.5%, half that of Egypt!

Against this backdrop, ADvTECH and its tertiary students achieved:

Over 69 000 exams written by full-time students (61% pass rate)

1 685 full-time graduates of which 209 were with distinction

7 115 graduates from short learning programmes across the Group

82% pass rate at Rosebank College76% pass rate at Varsity College

Vega students won several awards including:17 Loeries (including 2 gold)

Committed to the development of potential

academic excellence

Registered with DoE as a Private Higher Education Institute –30 higher education programmes on 19 sites

Strong academic governance system & represented on all senior forums of ADvTECH (Board, Exco, Transformation Committee, etc)

Employs over 200 staff with Master or PHD qualifications

Fully compliant with all regulatory requirements

Committed to the development of potential

investment in infrastructure

Committed to the development of potential

investment in infrastructure

Continuous programme of capital investment

Accelerated in 2004

Totaled R296m over past 6.5 years

Averaged R45.5m per year over past 6.5 years

Averaged R57m per year over past 3.5 years since 2004

Committed to the development of potential

increased demand

National School Enrolments

5 & 6 YEAR CAGR’s

(2000 – 2006)

PUBLICLEARNERS

0.5%

4.5%

INDEPENDENT LEARNERS

0.4%

3.8%

Source: Dept of Education

Committed to the development of potential

education - strategy

Academic excellence

National priority

Investment ininfrastructure

Operationalefficiency

Pro

fita

bilit

yG

rowth

Quality

Demand

Committed to the development of potential

increased demand

CAGR = 17%

for the six months ended 30 June 2007

Committed to the development of potential

operational efficiencyfor the six months ended 30 June 2007

• improves operating leverage and profitability

Committed to the development of potential

advtech resourcing

RECRUITMENT

Committed to the development of potential

resourcing - strategy

Skills shortage

Niche focus

Focu

sed bu

sines

s

model

Gro

wth

Pro

fitab

ility

Committed to the development of potential

resourcing - highlights

Further market share gains in niche areas of Finance, IT & Engineering

Strong growth and improved operational efficiencies

Positive outlook for full year

Committed to the development of potential

skills shortage

Manuel Laments SA Skills Dearth - fin24, 22 Feb

2007

More pupils go to (and finish) school – Pta News, 05 Sept 2006

With average age of skilled technical staff now at 54, SA is resorting to importing skilled staff – Business Day, 19 Sept 2006

1 500 new jobs being created every day – Budget Speech 2006

207 497 young people registered for learnerships – Budget Speech 2006

… demand for skills has been unprecedented … – Business Day, Nov 2006

Committed to the development of potential

niche focusfor the six months ended 30 June 2007

CAGR = 19%

• on finance, it & engineering … is driving demand

Committed to the development of potential

focused business model

• provides higher levels of efficiency and profitability

for the six months ended 30 June 2007

Committed to the development of potential

prospects

The Group expects improved results and cash flow for the full year.

Through its:

Continued investment in infrastructure and capacity,

Quality academic service offering,

Sustained track record of academic achievement, and its

Continued increase in student enrolments

The Education division is expected to sustain the encouraging trend of financial performance

Through its:

Highly focused and effective recruitment business model,

Market leadership positions in its chosen markets, and the

High quality job placement experiences of our candidates

The Resourcing division is well positioned to deliver further growth

Committed to the development of potential

thank you

G R O U P

A BETTER LIFE FOR ALL …