Forward-Looking Statements
Certain statements contained in these presentation concerning
DeVry’s future performance, including those statements
concerning DeVry’s expectations or plans, may constitute
forward-looking statements subject to the Safe Harbor Provision
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally can be identified by
phrases such as DeVry Inc. or its management “believes,”
“expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or
other words or phrases of similar import. Actual results may
differ materially from those projected or implied by these
forward-looking statements. Potential risks, uncertainties and
other factors that could cause results to differ are described more
fully in Item 1A, “Risk Factors,” in the Company's most recent
Annual Report on Form 10-K for the year ending June 30, 2006
and filed with the Securities and Exchange Commission on
September 13, 2006.
Daniel Hamburger
President and
Chief Executive Officer
DeVry Management
Julio Torres, President, DeVry University-Florida
Rick Gunst, Chief Financial Officer
Dave Pauldine, President, DeVry University
Paul Eppen, Chief Marketing Officer
Tom Vucinic, President, Becker Professional Review
Steve Riehs, Vice President, DeVry University Online
Tom Shepherd, President, Ross University
Joan Bates, Director of Investor Relations
Philip Kranz, Dresner Corporate Services
DeVry Inc.

Compelling long term investment

From turnaround to growth mode

Unmet education need

Diversified portfolio, common purpose

Focused on our students’ success
Medical &
Healthcare
DeVry
University

DeVry University

Keller Graduate
School of
Management
– 3,700 students;
Dominica, St. Kitts
and Miami

Assoc., Bach.,
Master’s degrees

52,000 students;
84 locations

Best-in-class online


Ross University
Professional
& Training

Becker CPA Review

Stalla CFA Review

Becker-Gearty CPE
– Largest supplier
of MDs

Center for Corporate
Education
Chamberlain College
of Nursing
– ASN, BSN
– 600 students;
Missouri and Ohio
– Unique online
programs

43,000 students;
30 countries
Compelling Investment Opportunity

Attractive industry structure

Opportunity to significantly increase
operating margin

Management committed
to growth plan

Best risk-adjusted
investment
– Quality and integrity
Education Industry
College Enrollment (in millions)
Total Enrollment Is 17.7 Million Students
Privately - Funded
13.1
Publicly - Funded
3.4
Market - Funded
1.2

75 million adults without a college degree

Biggest growth areas: Technology, Business
and Healthcare
Source: U.S Department of Education
Attractive Industry Structure
Supplier Power
(Low)
The postsecondary
education industry
is highly attractive

High barriers
to entry

Low threat
of substitutes

Low buyer power
Barriers
to Entry
(High)
Competitive
Rivalry
(Low)
Buyer Power
(Low)
 Positive cash cycle
Source: Michael Porter, Competitive Strategy: “5 Forces Analysis”
Threat of
Substitutes
(Low)
Demographics
Minorities Are Fastest Growing Segment of College Enrollments
25
CAGR
0.2
20
15
0.2
1.4
Native American
Asian American
1.1
2.6
Hispanic/Latino
+30%
2.8
African American
+27%
White
+ 6%
1.8
2.2
+30%
+28%
10
5
0
11.4
12.1
2004 (16.7 m)
2015 (19.1m)
Source: U.S Department of Education, NCES, IPEDS
Serving Minority Students Well
Top Degree Producers
Computer and Information Sciences and Support Services –
Total Minority Baccalaureates
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
DeVry University – California
American Intercontinental University
DeVry University – Illinois
University of California – Irvine
University of Maryland – University College
DeVry University – Georgia
Strayer University – Washington Campus
University of Maryland – Baltimore County
University of Phoenix – Online
New Jersey Institute of Technology
Source: Diverse Issues in Higher Education, June 2006
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify
Build Infrastructure for Growth
Expand
Internationally
Optimize the Core
1. Increase high school enrollment and
continue adult student growth
2. Implement market-driven, local
strategies
3. Improve execution
4. Optimize real estate configuration
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify

“Vertical”
curricula

“Horizontal”
levels
Build Infrastructure for Growth
Expand
Internationally
Aggressively Grow Online
 Best of both: online and onsite
 Improve service and retention
 New programs for associate
degree market
 Graduate education programs
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify
 “Vertical”
curricula
 “Horizontal”
levels
Build Infrastructure for Growth
Expand
Internationally
Diversify – Vertical Curricula
Technology
Business
BSTM
HIT
BMET
Applied Arts
RN-to-BSN
Healthcare
Education
Diversify – Horizontal Levels

DeVry focused on higher level programs
Career college
market opportunity:
PhD’s
7 of top ten fastest
MASTERS
MASTER’S
growing occupations


Enhanced lead
conversion

Online capabilities
BACHELOR’S
ASSOCIATES
ASSOCIATE
 We intend to re-enter the career college market
Diversify – Horizontal Levels
PhD’s
MASTERS
MASTER’S
BACHELOR’S
ASSOCIATES
ASSOCIATE
Diversify – Horizontal Levels

Integrated onsite, online and self-study

Enhance B2B relationships

Build brands, eg: double the pass rate

Grow internationally
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify
Build Infrastructure for Growth
Expand
Internationally
Expand Internationally
 Identify high-priority opportunities
 Specific entry strategy for each
market
 Acquisitions
 Leverage Online, Becker International
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify
 “Vertical”
curricula
 “Horizontal”
levels
Build Infrastructure for Growth
Financial | Technology | Human Resources
Expand
Internationally
Human Resources Strategy
 New managers
 Become employer of choice
 Strong internal training programs
 Culture of high performance
with integrity
Five-Year Strategic Plan
Optimize
the Core
Business
Aggressively
Grow Online
Diversify
 “Vertical”
curricula
 “Horizontal”
levels
Build Infrastructure for Growth
Financial | Technology | Human Resources
Expand
Internationally
Why Invest in DeVry?

Attractive industry structure

Increasing operating
margins

Strong team executing
5-part growth strategy

Best risk-adjusted
investment
– Quality and integrity
“Doing Well by Doing Good”

Solving shortage
of nurses, doctors

Scholarships

First in family
to go to college