Navitas Limited
Stock Exchange Listing ASX: NVT Company profile Navitas is a diversified higher education company based in Australia. The Company has four divisions: University Programs, English language training, Student Recruitment and Workforce Training. The University Programs division generates the majority of group revenue from the operation of pathway colleges (pre-university colleges targeted at international students) and managed campuses (remote campuses operated on behalf of universities).
Click here to access the company's 2009 Annual Report
Recent Developments
Navitas has recently entered the US higher education market signing four agreements to operate pathway colleges at 3 campuses of University of Massachusetts and also at Western Kentucky University. Agreements have also been signed for two new pathway colleges in Australia and the agreement for the company’s largest pathway college in Sydney has been renewed. Two new UK pathway colleges commenced operation in September 2009.
Future Outlook
Navitas plans continued growth through organic growth of existing operations, new start up colleges and selective acquisition. New pathway colleges are expected in the US, Australia, Canada and the UK. The Workforce training division has significant scope for expansion in Australia. A number of recently established colleges are in startup phase so will grow strongly until they reach scale.
Operations • 18 established pathway colleges (Australia, UK, Canada, Sri Lanka, Kenya, Zambia) • 3 managed campuses (Australia, Singapore) • 18 English language campuses (Australia) • 2 Migrant English and refugee services contracts (Australia) • 36 Student Recruitment offices (China, India, UK) • 11 marketing support offices (global) • 4 workforce training operations (Australia)
Significant Contractual Arrangements The pathway colleges and managed campuses operate under fixed term partner agreements with universities- all agreements have been renewed on expiry. The Migrant English operations operate under contract to the Australian Federal Government.
Intellectual Property/products/product development programs • English language curricula • University Foundation program curricula • Workforce training curricula
This profile is provided by Navitas Limited; ASX takes no responsibility for the information included. Participation in this event should not be taken as an endorsement by ASX of the company.
Level 2, Kirin Centre, 15 Ogilvie Road, Mount Pleasant, Western Australia, 6153 Telephone: +61 8 9314 9600 Email: [email protected] Website: www.navitas.com