Nord Anglia Education

October 2016 Update

 October 10, 2016

1
Disclaimer

Neither Nord Anglia Education, Inc. (NYSE: NORD) nor any of its subsidiaries or affiliates
is making any representation or warranty, expressed or implied, as to the accuracy or
completeness of the attached materials.

Please note that the attached materials and our oral explanations of the attached materials
may constitute forward-looking statements within the meaning of applicable U.S. securities
laws and such forward-looking statements are made based on our current
expectations. Forward-looking statements relate to events involving certain risks and
uncertainties, and actual results may differ materially from the views expressed.

A number of potential risks and uncertainties are outlined in our public filings with the
Securities and Exchange Commission. Nord Anglia Education, Inc. does not undertake
any obligation to update any forward-looking statement, except as required under
applicable law. You are cautioned not to place undue reliance on any forward-looking
statements.

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student enrollment
for 2016/17
3
 organic enrollment growth for the start of 2016/17

FTEs1

446

2,225

2
September 2015 Same School growth New China Bilingual September 2016

average 4% tuition fee increases implemented across the group for 2016/17
1 Full time equivalent students.
2 As at September 2016 New China Bilingual School

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 capacity expansion

Capacity

 Fiscal 2017 starting utilization 6

( excluding bilingual school)

3,450  New build expansion:

2,365  New bilingual school
seats

 New campus British

September 2015 Existing school
expansion
International School of Houston
seats (net increase
seats)
 seats existing school
New build September 2016 expansion across 5 regions
Schools

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bilingual strategy
6
 bilingual school successful opening

 Opened September 2016

 446 starting FTEs / 2,250 seat capacity (20%

utilization)

2,000 25
 Investment ~$31m

1,800  Expected breakeven1 year 1 / maturity2 year 3

1,600 20
 ~40%+ adjusted EBITDA margin expected at maturity
1,400
Adjusted EBITDA USDm  ROI3 74% at maturity
1,200 15
1 Breakeven measured at Adjusted EBITDA level
1,000 2 Maturity means 80% utilization.
Average FTE’s

3 ROI calculated as Adjusted EBITDA / total capital investment, including

800 10 capital expenditure to opening and operating losses prior to break
even, at maturity.
600

400 5

200

- -
Year 1 FY17 Year 3 FY19F

Enrolment Adjusted EBITDA

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 market with strong fundamental drivers

Key drivers of private K12 Premium bilingual market1:

education growth in China:
 Parents prioritize child’s education
Market size
 Growth of school age population

 Increasing disposable income Growth rate

 Access to foreign universities

 Government support for private
investment in education
Students
1 Private bilingual schools charging more than $10,000 per
annum in tuition.
2 Company estimates 2015.
Establishing dedicated

Jian Tang - CEO Nord Anglia Chinese International Schools

 15 years experience as Managing Director Nord Anglia International Schools in China
 Co-founder of the first Nord Anglia School in China – British International School
Shanghai
 Opened or integrated all existing Nord Anglia schools in China
 Strong knowledge and experience of K-12 education in China

Corporate Marketing and

Education HR
Finance ITIT
Development Team Team Team Communications
Team Team
Team Team

Expected cost to establish dedicated China Bilingual team in fiscal 2017 (to be
added back in calculating Adjusted EBITDA)

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 and roll out plan

2016/17 2017/18 2018/19 2019/20

Launch one new Launch two new Launch five new
Opened Sept. 2016
additional school additional schools additional schools

School Schools Schools Schools

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performance
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China

Commentary FTEs Capacity

9,242

8,926
organic FTE growth

 seats of capacity added to

5,727 5,858
Guangzhou
 average tuition increases

 Excludes new bilingual school

September 2015 September 2016

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Europe

Commentary FTE Capacity

9,691
 organic FTE growth 8,617

 seats of capacity added to 6,456

6,856

Madrid, Warsaw, Bratislava and

Budapest
 average tuition increases

September 2015 September 2016

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Middle East

Commentary FTE Capacity

6,187
5,851
5,611
 organic FTE growth 5,264

 seats of capacity added to Dubai

and Al Khor
 Tuition increases subject to
government approval

September 2015 September 2016

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South East Asia

Commentary FTE Capacity

12,561
12,097

 organic FTE growth

8,190
 seats of capacity added to 7,295
Singapore and Bangkok
 average tuition increases

September 2015 September 2016

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North America

Commentary FTE Capacity

14,882
13,507

 organic FTE growth

9,887
 seats of capacity added to 9,435

Houston (new campus) and Miami

 average tuition increases

September 2015 September 2016

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fiscal 2017
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Nord Anglia Education is providing its full year
outlook for fiscal 2017:
FY17 guidance

Revenue
$925 – $945 million

Adjusted EBITDA $207 – $217 million

Adjusted Net Income $67 – $72 million

Adjusted EPS1 $0.64 – $0.69

1. Diluted weighted average shares of approximately 104.5 million

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Adjusted EBITDA

207.5 212.0

FY16 Midpoint of FX Organic EBITDA SLB & New Global Campus FY17 Midpoint of
Guidance (Constant Currency) growth new Houston rent Expenses Guidance

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