2012 Results
26 February 2013
1

CURRO PRESENTS….
80 @ 20
2

MARKET POTENTIAL
South Africa
United Kingdom
USA
Global average
India
Australia
Netherlands
0%
4%
5%
11%
13%
17%
10% 20% 30%
Private school learners
30%
(% Private school)
40% 50% 60% 70%
72%
80%
SA: Population of Age 0-19 (m)
2,7
15,0
3,2
LSM 9-10 LSM 7-8 Other
Predominant private school market
Other potential private school market
3

SOUTH AFRICAN SCHOOL STATISTICS
Nr of learners (‘000)
Curro
% of total
Public ('000)
Private ('000)
% of total
2006 2012/13
910
0.01%
11 942
352
2.9%
12,294
20 840
0.17%
11 924
504
4.1%
12,428
CAGR
68%
0%
6%
2020
80 000
0.8%
CAGR
17%
• Significant increase in private schools confirms the market potential.
• +- 30 000 government schools of which +- 5 000 former Model C
4

From 3 months to grade 12
5

SUPPORT SERVICES
• Aftercare
• Bus services
• Clothing and attire
• Teacher training
6

25 000
20 000
NUMBER OF LEARNERS
20 840
15 000
12 473
10 000
5 000
-
5 557
28 145 310 400 450 575 751 775 910 1 107
1 642 2 059
3 083
'98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 13
7

LEARNERS PER GRADE
1800
1600
1400
1200
1000
800
600
400
200
0
SP2 SP3 SP4 RR R 1 2 3 4 5 6 7 8 9 10 11 12
Excludes Northern Academy
8

OUR BRANDS
R2500 –
R4000 pm
Max 25 learners
Academic, sport , culture
Sufficient variety
SELECT
SCHOOLS
CURRO
CASTLE
R4500 –
R6000 pm
R900 –
R1500 pm
R2000 –
R2500 pm
Established campus
Convenience
Location
Wide variety
35 – 70 per class
Academic focus
Support by class assistants
Some extra mural
Full day care
Convenience and safety
Cognitive development programs
9

2012 ACADEMIC RESULTS AND QA
• Select and Curro brands
– 358 candidates
– 99.4% pass rate
– 81% university exemption
• Northern academy
– 346 candidates
– 99.4% pass rate
– 73% university exemption
• Meridian
– 180 candidates
– 77% pass rate
– 14% university exemption
• Government
– 72% pass rate
– 26% university exemption
10

DURBANVILLE (WESTERN CAPE)
11

DURBANVILLE
12