ADD COVER IMAGE HERE Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Thursday, March 18, 2021 Third Quarter FY 2021 Earnings Call Presentation Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or customers which may curtail or otherwise adversely a ...

Scholastic Corporation (NASDAQ:SCHL) Q3 2021 Results Earnings Conference Call March 18, 2021 4:30 PM ET Company Participants Gil Dickoff - Senior Vice President and Treasurer Dick Robinson - Chairman, President and CEO Ken Cleary - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. And welcome to Scholastic Third Quarter Fiscal Year 2021 Financial Results Conference Call. At this time, all participant lines are in a listen-only mode. Please be advi ...

Financial Data and Key Metrics Changes - Second quarter revenue was $406.2 million, a decrease of 32% compared to $597.2 million last year due to lower sales in school distribution channels, particularly fairs from COVID-related disruptions [13][35] - Operating income in the second quarter was $54.3 million versus $107 million last year, with net income at $39.4 million compared to $72.4 million last year [37] - Free cash flow for the quarter was $30.9 million compared to $87.7 million last year, reflecting a significant decline [13][37] - The company achieved over $100 million in cost savings, with SG&A expenses reduced by 35% year-over-year [27][47] Business Line Data and Key Metrics Changes - Children's Book Publishing and Distribution segment revenues fell to $240.3 million, down $173.3 million compared to the year-ago quarter, primarily due to the decline in fairs [42] - Trade revenues increased by 21% year-over-year, driven by demand for popular titles [14][42] - Education segment revenue was $67.5 million, down by just 3%, with digital revenues increasing by 30% and bookings up by 43% [23][43] - International segment revenues were $98.4 million, down 13% from last year, but operating income improved due to cost mitigation efforts [26][45] Market Data and Key Metrics Changes - The company noted that almost all U.S. schools struggled with schedule changes and different modes of learning, impacting the ability to run in-person book fairs [7] - There is cautious optimism for improved performance in fairs as more schools commit to in-person learning [9][22] - The COVID relief bill being finalized includes federal funding for schools, which could provide significant support for the company's operations [19] Company Strategy and Development Direction - The company is focused on reducing operating costs and streamlining its operational structure while investing in growth areas linked to literacy [27][28] - A new Education Solutions Group is being established to unify efforts in supporting literacy instruction and reading achievement [29][30] - The company aims to capitalize on growth opportunities as U.S. schools stabilize and focus on in-person learning [33] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the return of in-person learning and its positive impact on the fairs business [48] - The company is not providing a financial outlook for fiscal 2021 due to uncertainties from the pandemic but expects to improve operating results in the second half of the fiscal year [13][32] - There is a strong pipeline of new releases expected to drive trade sales in the second half of the fiscal year [51] Other Important Information - The company has improved its balance sheet, with cash and cash equivalents exceeding total debt by $161.8 million [38] - Capital expenditures in the second quarter totaled $15.2 million, focused on technology platforms and digital products [39] Q&A Session Summary Question: Can you talk about how fiscal 2Q progressed and expectations for fiscal 3Q? - Management noted that bookings for fairs increased late in the quarter but were impacted by rising COVID cases leading to cancellations [60] - There is an expectation for increased bookings in January and February for the fourth quarter [61][63] Question: How did the Clubs business perform in the latter part of the quarter? - Clubs business saw improved performance in October and November, aligning with prior year levels, but December was slower due to shipping challenges [68] Question: Can trade grow in the second half of fiscal 2021? - Management indicated that trade is expected to maintain momentum, with a strong release pipeline, although facing tough comparisons from the previous year [70] Question: How sustainable are the $100 million in cost savings? - Approximately half of the cost savings are expected to be sustainable, with ongoing efforts to optimize distribution and reduce operational costs [74][76]

ADD COVER IMAGE HERE Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Second Quarter FY 2021 Earnings Call Presentation Thursday, December 17, 2020 Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities, school administrators, or suppliers or other business providers which may curtail or ot ...

Scholastic Corporation (NASDAQ:SCHL) Q1 2021 Earnings Conference Call September 17, 2020 4:30 PM ET Company Participants Gil Dickoff - SVP and Treasurer Dick Robinson - Chairman, President and CEO Ken Cleary - CFO Conference Call Participants Drew Crum - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to the Scholastic First Quarter Fiscal 2021 Results Conference Call. At this time all participant lines are in listen-only mode. After the speakers' presentation, there will be a q ...

ADD COVER IMAGE HERE First Quarter FY 2021 Earnings Call Presentation Thursday, September 24, 2020 Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities or suppliers or other business providers which may curtail or otherwise adversely affect certain of the Company's business operat ...

ADD COVER IMAGE HERE Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Fourth Quarter FY 2020 Earnings Call Presentation Thursday, July 23, 2020 Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those arising from the continuing impact of COVID-19 related measures taken by governmental authorities or suppliers or other business providers which may curtail or otherwise adversely affect cer ...

Scholastic Corporation (NASDAQ:SCHL) Q4 2020 Earnings Conference Call July 23, 2020 4:30 PM ET Company Participants Gil Dickoff - SVP and Treasurer Dick Robinson - Chairman, President and CEO Ken Cleary - CFO Conference Call Participants Drew Crum - Stifel Operator Ladies and gentlemen, thank you for standing by, and welcome to the Scholastic Reports Q4 2020 Results Conference Call. [Operator Instructions] After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] ...

ADD COVER IMAGE HERE Third Quarter FY 2020 Earnings Call Presentation Thursday, March 19, 2020 Art © Dav Pilkey. DOG MAN ™/® Dav Pilkey Forward-Looking Statements This presentation contains certain forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties, including the conditions of the children's book and educational materials markets and acceptance of the Company's products in those markets, as well as other risks and factors identified from time to time i ...