Second Quarter 2022 Earnings Presentation August 4, 2022 LAUREATE EDUCATION INC® © 2022 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate's actual resul ...

[PART I - FINANCIAL INFORMATION](index=2&type=section&id=PART%20I.%20-%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=2&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Unaudited Q2 2022 financial statements show significant performance improvement, shifting from net loss to net income, driven by increased operating income Q2 2022 Financial Metric | Financial Metric (in thousands) | Q2 2022 | Q2 2021 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenues** | $385,381 | $327,579 | +17.6% | | **Operating Income** | $126,641 | $57,684 | +119.5% | | **Income (Loss) from Continuing Operations** | $39,414 | $(115,885) | N/A | | **Net Income (Loss) Attributable to Laureate** | $43,423 | $(29,000) | N/A | YTD 2022 Financial Metric | Financial Metric (in thousands) | YTD 2022 | YTD 2021 | YoY Change | | :--- | :--- | :--- | :--- | | **Revenues** | $594,944 | $522,280 | +13.9% | | **Operating Income (Loss)** | $135,675 | $(28,707) | N/A | | **Loss from Continuing Operations** | $(6,001) | $(280,410) | +97.9% | | **Net Loss Attributable to Laureate** | $(788) | $(193,928) | +99.6% | Balance Sheet Item | Balance Sheet Item (in thousands) | June 30, 2022 | Dec 31, 2021 | Change | | :--- | :--- | :--- | :--- | | **Cash and cash equivalents** | $156,909 | $324,801 | -51.7% | | **Total Assets** | $2,101,949 | $2,211,310 | -5.0% | | **Total Liabilities** | $1,085,324 | $1,070,038 | +1.4% | | **Total Stockholders' Equity** | $1,015,227 | $1,139,558 | -10.9% | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail the company's business structure, revenue recognition, and strategic review completion, focusing continuing operations on Mexico and Peru - The company has completed its strategic review process, with continuing operations now consisting only of its Mexico and Peru segments, and all other previously operated markets divested and accounted for as Discontinued Operations[29](index=29&type=chunk)[37](index=37&type=chunk) - During the six months ended June 30, 2022, the company repurchased **17,498 thousand shares** of its common stock for a total of **$206.2 million** under its authorized share repurchase program[67](index=67&type=chunk) - As of June 30, 2022, the company had no outstanding borrowings under its **$410 million** Senior Secured Credit Facility and was in compliance with all debt covenants[52](index=52&type=chunk)[54](index=54&type=chunk) - The company recorded cumulative liabilities for income tax contingencies of **$122.9 million** as of June 30, 2022, an increase from **$91.6 million** at year-end 2021[60](index=60&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A details operational focus on Mexico and Peru, highlighting strong revenue growth, improved operating income and Adjusted EBITDA, and solid liquidity despite significant stock repurchases [Overview](index=26&type=section&id=Overview) The company now operates five higher education institutions in Mexico and Peru, with approximately 388,700 students, following the completion of all planned divestitures - Laureate's continuing operations are focused on Mexico and Peru, with all planned divestitures now complete[97](index=97&type=chunk) Segment Overview | Segment | Institutions | Enrollment | YTD 2022 Revenues ($M) | % of Total Revenue | | :--- | :--- | :--- | :--- | :--- | | Mexico | 2 | 182,800 | $287.2 | 49% | | Peru | 3 | 205,900 | $304.6 | 51% | | **Total** | **5** | **388,700** | **$591.8** | **100%** | [Results of Operations](index=31&type=section&id=Results%20of%20Operations) Q2 2022 revenues increased 18% to $385.4 million, with operating income surging 119% to $126.6 million, driven by enrollment growth and cost savings Metric | Metric (in millions) | Q2 2022 | Q2 2021 | % Change | | :--- | :--- | :--- | :--- | | **Revenues** | $385.4 | $327.6 | +18% | | **Operating Income** | $126.6 | $57.7 | +119% | | **Adjusted EBITDA** | $144.1 | $107.1 | +35% | - The increase in Q2 2022 revenue was primarily driven by higher average total organic enrollment (**$38.0 million**) and favorable pricing/mix (**$16.4 million**)[127](index=127&type=chunk) - The significant decrease in Q2 2022 expenses was largely due to lower Excellence-in-Process (EiP) program costs (**$12.3 million**), reduced depreciation & amortization (**$12.3 million**), and lower corporate expenses (**$12.0 million**)[128](index=128&type=chunk) Segment Adjusted EBITDA | Segment Adjusted EBITDA (in millions) | Q2 2022 | Q2 2021 | % Change | | :--- | :--- | :--- | :--- | | **Mexico** | $19.5 | $17.2 | +13% | | **Peru** | $136.3 | $113.6 | +20% | | **Corporate** | $(11.7) | $(23.7) | +51% | [Liquidity and Capital Resources](index=42&type=section&id=Liquidity%20and%20Capital%20Resources) Primary liquidity sources are cash from operations and an undrawn $410 million credit facility, with cash decreasing due to significant stock repurchases - Primary liquidity sources are cash flow from operations and an undrawn **$410.0 million** Senior Secured Credit Facility maturing in October 2024[171](index=171&type=chunk)[174](index=174&type=chunk) Cash Flow Summary | Cash Flow Summary (in millions) | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $45.6 | $17.9 | | **Net cash provided by investing activities** | $2.0 | $650.0 | | **Net cash used in financing activities** | $(226.2) | $(1,162.7) | - Cash used in financing activities decreased significantly year-over-year, primarily due to lower net debt payments (**$851.7 million**) and reduced share repurchases (**$45.1 million**) compared to the 2021 period[189](index=189&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) No significant changes in market risk exposures have occurred since the fiscal year ended December 31, 2021 - There have been no significant changes in the company's market risk exposures since the fiscal year ended December 31, 2021[192](index=192&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls and procedures were effective as of June 30, 2022, with no material changes to internal control over financial reporting - The CEO and CFO concluded that as of June 30, 2022, the company's disclosure controls and procedures were effective[193](index=193&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[194](index=194&type=chunk) [PART II - OTHER INFORMATION](index=44&type=section&id=PART%20II.%20-%20OTHER%20INFORMATION) [Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) No new material legal proceedings or developments in previously disclosed matters have occurred since the 2021 Form 10-K filing - There have been no new material legal proceedings or material developments in previously disclosed proceedings since the 2021 Annual Report[196](index=196&type=chunk) [Risk Factors](index=44&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors disclosed in the 2021 Form 10-K have occurred - No material changes to the risk factors disclosed in the 2021 Form 10-K have occurred[197](index=197&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=44&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2022, the company repurchased approximately 8.0 million shares for $11.63 per share, with $0.9 million remaining in the authorized program Share Repurchase Summary | Period | Total Shares Purchased (thousands) | Average Price Paid per Share | Approximate Dollar Value Remaining ($M) | | :--- | :--- | :--- | :--- | | **April 2022** | 4,401 | $11.70 | $42.6 | | **May 2022** | 3,612 | $11.54 | $0.9 | | **June 2022** | 0 | N/A | $0.9 | | **Q2 Total** | **8,013** | **$11.63** | **$0.9** | - On March 14, 2022, the Board of Directors increased the share repurchase authorization by **$50 million**, bringing the total authorization to **$650 million**[198](index=198&type=chunk) [Exhibits](index=45&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including transaction agreements, indemnity agreements, and required certifications

First Quarter 2022 Earnings Presentation May 5, 2022 LAUREATE EDUCATION INC® © 2022 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate's actual results m ...

Financial Data and Key Metrics Changes - Revenue for Q1 2022 was $210 million, with adjusted EBITDA at $27 million, both exceeding previous guidance [17] - On an organic and constant currency basis, revenue increased by 9% year-over-year, while adjusted EBITDA grew by 37% year-over-year [18] - Adjusted for the timing of the academic calendar in Mexico, revenue was up 13% [20] Business Line Data and Key Metrics Changes - New enrollments increased by 9% year-over-year, and total enrollments were up 11% [7] - Peru's revenue experienced a 17% year-over-year constant currency growth, driven by favorable retention rates and primary new enrollment intake [18] - Mexico's revenue growth for the quarter was 6% on a constant currency basis, with a 13% increase when adjusted for the timing of class starts [20] Market Data and Key Metrics Changes - The company reported strong performance in both Mexico and Peru, benefiting from COVID recovery and increased demand for digital learning [8][9] - Peru's Q1 new enrollments were 49,000, which was 19% greater than pre-COVID Q1 2019 intake [19] Company Strategy and Development Direction - The company aims to deliver affordable, high-quality education and plans to provide 40% to 60% of taught hours online across its institutions [10][9] - The focus remains on enhancing digital capabilities and maintaining strong brand reputation in Mexico and Peru [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth momentum and the ability to manage inflationary pressures due to locked contracts [22][23] - The updated guidance for 2022 reflects expected total enrollment growth of 6% to 7% and revenue growth of 9% to 11% [24] Other Important Information - The company has approximately $40 million remaining in share purchase authorization and plans to utilize this capacity in 2022 [15] - The balance sheet as of March 31 showed a net cash position of $138 million [21] Q&A Session Summary Question: Current percentage of teaching hours delivered online - Management indicated that the current model is geared towards 40% to 60% online teaching hours, which aligns with their expectations [30] Question: COVID-19 situation in Mexico and Peru - Management confirmed that while there are cases, operations continue with full face-to-face schedules and necessary precautions [31] Question: Wage inflation impact - The majority of the cost structure is contractual, providing good visibility and manageable exposure to inflation [32] Question: Insights on upcoming intake period in Mexico - The C3 intake in Mexico is progressing well, with early execution meeting expectations [34] Question: Tuition increases for the fall - Pricing is expected to be at inflation or inflation plus for all brands, with some mix shifts anticipated [35] Question: Discounting or scholarships in Peru - Discounts in Peru were in line with prior periods, with smaller discounts relative to Mexico [38] Question: Free cash flow expectations - Free cash flow is expected to follow intake patterns, with Q1 and Q3 being larger periods for cash flow generation [39] Question: Timing of expenses in Q1 - A shift in the academic calendar resulted in $8 million less revenue being booked in Q1, affecting reported figures [41]

Commission File Number: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. | Delaware | | 52-1492296 | | ...

Fourth Quarter & Year-End 2021 Earnings Presentation February 24, 2022 LAUREATE EDUCATION INC® © 2022 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate' ...

Laureate Education, Inc. (NASDAQ:LAUR) Q4 2021 Earnings Conference Call February 24, 2022 8:30 AM ET Company Participants Eilif Serck-Hanssen – President and Chief Executive Office Adam Morse – Senior Vice President, Finance Richard Buskirk – Chief Financial Officer Conference Call Participants Jeff Silber – BMO Capital Markets Steven Gottesman – Shlomo Operator Hello and thank you for standing by. Welcome to the Q4 2021 Laureate Education Inc. Earnings Conference Call. At this time, all participants are in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2021 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission File Number: 001-38002 Laureate Education, Inc. | Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934: ...

Financial Data and Key Metrics Changes - Revenue for Q3 2021 was $268 million, with adjusted EBITDA at $76 million, both exceeding previous guidance [17] - Year-over-year revenue growth was 13% and adjusted EBITDA increased by 68% on a comparable basis and at constant currency [18] - For the first nine months of 2021, revenue grew by 9% and adjusted EBITDA increased by 89% [20] Business Line Data and Key Metrics Changes - New enrollments in Peru increased by 35% year-over-year during the smaller secondary intake, with total enrollments up 30% [24] - In Mexico, new enrollments rose by 11% during the primary intake, leading to a total enrollment growth of 6% [21] - Adjusted EBITDA for Mexico was up 61% year-over-year, driven by revenue growth and timing of expenses [23] Market Data and Key Metrics Changes - Total enrollments reached 390,000 students, up 16% year-over-year, surpassing pre-pandemic levels by 5% [7] - The combined population of Mexico and Peru exceeds 160 million, with significant growth potential in higher education participation rates [11] Company Strategy and Development Direction - The company aims to accelerate revenue growth from mid-single digits to high single digits or even double digits in the coming years [10] - Focus on digital transformation and online education capabilities to expand the addressable market [30] - Commitment to maintaining a strong balance sheet while pursuing growth initiatives [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery from the COVID-19 pandemic and the strong enrollment trends [7][14] - The digital enablement of the company has made growth more capital efficient, with future investments funded by internally generated free cash flows [14] - The company remains committed to sustainability and ESG initiatives despite discontinuing the B Corp certification process [45] Other Important Information - The divestiture of Walden University was completed, returning $1.3 billion to shareholders [9] - The company maintains a net cash position of approximately $1.7 billion as of September 30, 2021 [27] Q&A Session Summary Question: Impressive results in Peru, what is the limit for volumes and margins? - Management noted that online capabilities are expanding the addressable market, allowing for growth in both Peru and Mexico [34] Question: What is the level of capacity utilization of on-campus facilities? - Management indicated that they can grow by 25% in the face-to-face environment without adding physical plant due to improved online delivery [38] Question: What capital investments are necessary for organic revenue growth? - Management stated that the growth agenda is capital light, with most investments already made in online capabilities [40][42] Question: What does the discontinuation of B Corp certification mean for sustainability? - Management confirmed that they remain committed to sustainability and will continue to advance their ESG agenda despite dropping the B Corp certification [45][47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission File Number: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) | Delaware | 52-1492296 | ...