CIBT Education Group Inc. & Global Education City Presentation
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CIBT Education Group Inc. &
Global Education City Presentation
TSE: MBA | OTCQX: MBAIF web
This document is for information purposes only and is not an offer to sell,
nor a solicitation of an offer to purchase, any securities. It does not purport
to contain all of the information that a prospective investor may require and
it is not intended to provide any legal, tax or investment advice.
Investing in Student Housing Corp Video 30” Intro
Forward‐Looking Statements & Disclaimer
This presentation includes statements that may constitute “forward‐looking” statements, usually
containing the word “believe,” “estimate,” “project,” “expect,” “plan,” “anticipate” or similar
expressions.
Forward‐looking statements inherently involve risks and uncertainties that could cause actual results
to differ materially from the forward‐looking statements. Factors that would cause or contribute to
such differences include, but are not limited to, continued acceptance of the product and services of
CIBT Education Group Inc. and Global Education City Holdings Inc. (collectively the “Company”) in the
marketplace, competitive factors, changes in regulatory environments, and other risks detailed in the
Company’s periodic report filings which can be found under the Company’s profile on the SEDAR
website (www.sedar.com).
In addition, there is no certainty that certain projections described in this presentation will be
achieved according to plan. In making these forward‐looking statements, the Company disclaims any
obligation to update these statements for revisions or changes after the date of this presentation
except as may be required by law.
This presentation is not for public distribution therefore must be treated as Private and Confidential
and intended for designated recipients only.
2
Education Services Enhanced by Significant
Real Estate Returns
Since 1994
Education Services Education Real Estate
SSC, SSLC, VIC‐CC, GEA, CIBT GEC
Since 1903 29 Locations 11 Projects 16 Buildings
50 Pathway 72 Partner Students from
5 Offices
Partners Schools 77 Countries
1.5M 3,510 Beds
150+ programs 2,400 Agents 1080 operational ,
Buildable S.F 2430under development
12,000 Students $1.5 Billion Portfolio
5,000 domestic students, 7,000 international 7 operational , 4 under‐construction, 5 rezoning,
$179.4M $0.50 Billion
580 46 $63M*1 $9.1M*1 $505M*2
Equity Financing
Staff Locations Revenue EBITDA Asset
SSC
Raised*3 Completed*3
GEC Living
*1: 2020 Annual Audited, *2: F2021 Q1 Financial Data , *3: Year 2015 – Dec 31, 2020 3
COVID 19 Statistic for Metro Vancouver
Among the top 10 most popular destinations in the world for international students,
Vancouver is one of the safest cities with the lowest number of COVID‐19 cases
BCCDC
4
International Education ‐ Market Size in Canada
Best Country for International Education in the world International Student Population in Canada,
U.S. News 2017 and Educations.com in 2020 B.C. & Vancouver 2019
Canada (Exc. BC)
133,997 Rest of BC
Metro Vancouver
10,678 497,805
Total 642,480
In Canada as of Dec 2019
ECONOMIC IMPACT OF INTERNATIONAL STUDENTS IN Averaged rent for single occupancy ‐ $14k/year
CANADA
International students spent $15.5B annually including Market size in B.C alone – over $1 billion
tuition and living expenses (2016)
Created over 170,000 jobs and generated over $21.6B to CAGR Growth rate for International students enrolled in
Canada’s GDP (2018) public post‐secondary system in B.C since 2008 ‐ 300%
Canada’s international student enrolment grew by 13%
last year (2018), marking a third consecutive year of Rental vacancy rate in Metro Vancouver, CMHC – 1%
double‐digit growth and an overall increase of 97% in
the five years since 2014 Dormitory waitlist for UBC, Sept, 2019 ‐ 6,000
Immigration, Refugees and Citizenship Canada (IRCC) Dormitory waitlist for SFU, Sept, 2019 – 800
CBC News
5
Sprott Shaw College, a Century of Growth since 1903
Nursing
Program
Sprott Shaw College 2021
Business
Program
HCA
Program
ECE
Program
6
GEC Business Model
1) Identify property , form
limited partnership,
invest initial capital
2) Design into higher density
8) Repeat the model and smart furniture, improve
security and comfort
7) Manage property for 5 3) Raise capital and
to 21 years finance the construction
6) Sell to institutional buyer 4) Oversee construction, fill
seeking high yield return the property with our
and stabilized income pipeline of students
5) Stabilize the income
Smart Furniture
7
Competitive Advantage
GEC Living GEC Smart Furnitures
1 High density design using smart‐hideaway furniture
2
Located at subway stations & traffic artery in
Vancouver
Student centric rental apartments for flexible
3
exit
Desk & Wall Unit conversion to Single Bed
School operator with 27 years of education sector
4
experience enrolling 12,000 students annually
5 Supply accommodation service to 72 schools
6 Diversified student base from 77 countries
Economy of scale & shared resources within Sofa conversion to Double Bed
7
Metro Vancouver
Advanced business model to develop Education
8 Super Centers by integrating schools, amenities
with student housing
Expanded to Corporate House for U.S based
9
technology companies expanding to Vancouver
8
GEC Difference
9
Demographic of Tenants – October 2020 Post COVID 19
Philippines
Kazakhstan Brazil
2%
France Iran 3% 4%
1% 2%
Sprott Shaw Egypt
ESL 8% US 2%
‐ ILAC, EC, EF, 3%
Kaplan, VGC Nigeria
6% 2%
India
3%
Local Tenant
Russia
33%
2%
Public Colleges
‐ BCIT, CapilanoU,
Douglas, Langara, SFU, Japan
UBC, VCC 6%
22%
Private Colleges ‐ China
Alexander, CTC, LaSalle, 3%
FDU, Blanche
Macdonald, VanArts,
VFS, VCAD, VanArts,…
Canada
67%
By School By Country of Origin
10Vancouver Real Estate Market 43 Years Trend
Pre‐Pandemic Loss &
Post‐Pandemic Gains
GEC’s Market Position
“Student Centric Rental Apartments ”
Rental Crisis
11GEC Locations are Strategically Located at
Subway Stations
GEC® Burnaby Heights
GEC® Viva
GEC® Granville
GEC® King Edward II
GEC® Kingsway
GEC® Oakridge
GEC® Pearson
GEC® Marine Gateway
GEC® CyberCity
GEC® Education
Mega Center
Education City Richmond
Subway Stations GEC® Projects Select Education Institutions
12GEC Viva Tower – Howe St & Drake St
680 meters from the Yaletown subway station
2015
Operational
Convertible from desk to
bed or to 2‐level bunk beds
13GEC Granville – Granville St & Drake St
600 meters from the Yaletown subway station
2015
Operational
Hotel room setting during the tourist season
Students sharing during the school seasons
Increased
revenue
from $4.2M to $7.5M
within two years
14GEC Burnaby Heights – E. Hastings St & Gamma
7 minutes drive to BCIT , 12 minutes drive to SFU Burnaby
2016 Single or Shared Room – top bunk optional
Operational
Fully Furnished Suites Fully equipped kitchen
15GEC Pearson – Cambie St & 60th Ave
2014
Operational
Single Occupancy single bed
Double Occupancy 2 beds
& desk
580 meters from the Marine Gateway SkyTrain station
Shared studio with 2 beds or 4 beds at reduced cost during
the Summer Camp season
A
B
Virtual Tour
City TV
GEC Pearson
16GEC Marine Gateway – Cambie & Marine Drive
October 27th, 2020
Operational
140 meters from the Marine Gateway SkyTrain station
GEC Marine Gateway MC2 Marine Gateway
North & South Towers with 245 beds Subway Station
17GEC Marine Gateway North & South Towers
MC2
North Tower
MC2
South Tower
360 Virtual Tour
18Global Education City – No. 3 Rd & Alderbridge Way, Richmond
2018 ‐ 2023
Under Construction
Pre‐sale Condo owned by the Developer slated for sale in 2020 to 2022 Pre‐sale
Condo
(sold out in
2019)
Pre‐sale
Condo
GEC Office Tower &
Retail Ground Floor
GEC Rental Tower (sold out in Office 127,379 SF
2019)
Retail 6,663 SF
SkyTrain
Station
60 meters from the Lansdowne SkyTrain station Rental Tower
104,561 SF
Total 238,603 SF
Atmosphere Video
19Located at Richmond City Center
700 meters from Kwantlen Polytechnic University Richmond
Pre‐sale Condo
GEC
No.3 Road
SkyTrain
Station
Lansdowne Mall
24 new residential towers at
rezoning phase
Kwantlan Polytechnic University
Under Construction
Possession in mid 2022
Site Video
20GEC King Edward – Cambie St & W. King Edward
46,000 SF
120 meters from the King Edward subway station 180 beds
2016 ‐ 2022
Under Construction
21GEC Education Mega Center – Central City Parkway, Surrey
40 meters from the Surrey Central SkyTrain Station
2017‐ 2024
Rezoning
Pre‐sale Condos
14 Floors
224 bedrooms
Rental Apartments
26 Floors
668 Beds
Commercial Floors 6
Amenity floors 2
Schools & Offices
Surrey Central Total occupants 922 Accommodates up to 922 occupants
SkyTrain Station Building Height 49 Floors 6 floors of schools and commercial tenants
News Coverage
22Located at Surrey Central Station
Over 10,000 students are studying in this area without accommodation service
Simon Fraser University
New Expansion of 1.5M SF
Civic Library
Simon Fraser University Surrey
Surrey City Hall
150 meters from
SFU Surrey Campus Bus Loop
Surrey Central City SkyTrain Station Kwantlen Polytechnic
Mall and Walmart GEC
Education University ( Surrey Central)
Potential 80 meters from KPU
Expansion Mega Civic Plaza Hotel
Center 10 meters from
10240
SkyTrain Station
City
Blackwood Partner plans to build 10 towers at Parkway
this site
King George Highway
23GEC Education Mega Center – Central City Parkway, Surrey
Micro‐Studio with Hideaway Desk and Bed
Desk by Day Bed by Night
24GEC Education Mega Center – Central City Parkway, Surrey
Quad Units with Hideaway Sofa – Open and Closed
25Located at Oakridge Station – West 42nd Avenue
2019
GEC‐ 2024 SkyTrain Station Pre‐sale Condo
Rezoning SkyTrain Station
ond
C
o
SOLD
GEC
GEC
No.3 Road
Oakridge Mall
Lansdowne
41stAve Mall
GEC
18 floors
24 new residential towers at 125,000 SF
466 beds
rezoning phase
https://dailyhive.com/vancouver/lansdowne‐
150 meters from Oakridge Subway Station
centre‐lansdowne‐district‐richmond‐
Ten towers of various heights redevelopment‐2025
Cambie St.
up to 44 floors developed by
QuadReal and West Bank
Kwantlan Polytechnic University
26
26GEC Oakridge – West 42nd Avenue & Cambie Street
27GEC Cyber City – Cambie Rd & River Rd, Richmond
2017 ‐ 2024
Rezoning
Canada Line SkyTrain
No. 3 Road
140 Meters from the Aberdeen SkyTrain Station
River Road
Self‐Checked Micro‐Suite Hotel and Stratified Offices for the Technology Sector & Schools
28Financial Data CIBT Education Group Inc.
Million Million Real Estate Development
Educational Revenue Million Total Revenue Million Total Assets
$80.00 Revenue
$120.00 $800.00
$60.00 $50.00 $100.00
$40.00 $80.00 $600.00
$40.00 $30.00 $60.00 $400.00
$20.00 $40.00
$20.00 $20.00 $200.00
$10.00
$0.00 $0.00 $0.00
$0.00
F2021‐P
F2022‐P
F2023‐P
F2017‐A
F2018‐A
F2019‐A
F2021‐P
F2022‐P
F2023‐P
F2021‐P
F2022‐P
F2023‐P
F2017‐A
F2018‐A
F2019‐A
F2017‐A
F2018‐A
F2019‐A
F2016‐A
F2020‐A
F2016‐A
F2020‐A
F2016‐A
F2020‐A
F2018: GEC executed the Richmond Education City project and F2020 – a year impacted by COVID‐19 and extended border
earned substantial Development Fee closures
Million Net Income EPS ‐ net to CIBT Million Total Equity Book Value per Share
$150.00
shareholders $400.00 $0.80
$0.80 $300.00 $0.60
$100.00
$0.60 $200.00 $0.40
$50.00 $0.40
$0.20 $100.00 $0.20
$0.00 $0.00 $0.00 $0.00
F2017‐A
F2018‐A
F2019‐A
F2021‐P
F2022‐P
F2023‐P
F2017‐A
F2018‐A
F2019‐A
F2020‐A
F2021‐P
F2022‐P
F2023‐P
F2016‐A
F2020‐A
F2016‐A
‐$50.00
F2022: Construction for the Richmond Education City project
completes. Substantial capital gains will be earned upon
possession.
Attachments 29Corporate Information CIBT Education Group Inc.
Financial 4Y Average
F2021 Q1 F2020 F2019 F2018 F2017
Highlights Growth Rate
Revenue $14.40M $62.55M $71.00M $74.90M $53.56M 8%
Net Profit $1.10M ($4.75M)* $14.93M $45.37M $8.28M 83%
EBITDA $5.05M $9.12M $26.29M $57.50M $13.12M 73%
EPS‐Basic $0.01 $0.02 $0.03 $0.25 $0.03 204%
BVPS per share $0.71 $0.69 $0.67 $0.63 $0.41 21%
Total Assets $505.20M $452.77M $389.67M $340.84M $166.92M 45%
Total Liabilities $324.26M $272.19M $195.52M $169.18M $89.94M 48%
Ticker (TSX/OTCQX) MBA/MBAIF
Stock Price (December 31, 2020) $0.66
Market capitalization (December 31, 2020) $48.9M
Shares outstanding Diluted Weighted Average F2020 & F2019 74.24M / 81.03M
Shares bought back and cancelled for last five years 9.13M
Options (August 31, 2020) 3.49M
Warrants outstanding Nil
Insider holdings (including friends & family) 50+%
Fiscal year end Aug 31
* F2020 – a year impacted by the COVID‐19 pandemic and extended border closures
30Awards and Recognitions
31You can also read
