Ayala IR

iPeople

Despite the many daunting challenges brought about by the pandemic, our member schools successfully shifted to distance learning and transformed their operations in order for their services to be provided beyond the school campus. We continue to commit to delivering quality and accessible education to as many as possible, regardless of the challenges the country faces.

National Teachers College’s Graduate School Distance Education fully online program has demonstrated significant impact, with 98% of its learners reporting high learning efficacy and real world relevance.”

Alfredo I. Ayala
COO, iPeople, Inc.

WHO WE ARE

Following the merger between AC Education and iPeople in May 2019, iPeople has become the listed holding company for Ayala’s investments in education, in partnership with the Yuchengco Group of Companies. The merger brought together seven schools in diverse socio-economic and geographic market segments across the nation, including the National Capital Region, the Calabarzon region, the Bicol region, and Mindanao.

iPeople aims to empower Filipino families by delivering accessible, quality education that enables significantly improved employability for our high school and college graduates. iPeople’s vision is to innovate education and research towards leading-edge outcomes for its students achieved through proprietary student value- add programs, systematic teacher training, professional management operations, and strong industry partnerships.

APEC Schools
Started in 2013 with one school site and 130 students, APEC has scaled up to become the largest chain of high schools in Mega Manila with 23 branches. APEC offers Junior and Senior High School with an innovative and progressive approach to both learning and employability at an affordable price point.

University of Nueva Caceres
In 2015, AC Education acquired UNC, the oldest university in Bicol, founded in 1948. Providing basic and higher education, it is the largest private university in the region.

National Teachers College
In 2018, AC Education acquired NTC. Founded over 90 years ago, NTC is the pioneering private institution for teacher education in the country. It serves students from Kinder up to the Doctorate Level.

Mapúa University
Founded in 1925, Mapúa is one of the country’s leading engineering and technical universities. It is a world ranked QS-4 star university, was granted Autonomous status by the Commission of Higher Education in 2019, and is the school with the most CHED Centers of Excellence in engineering. Mapúa serves students in senior high school, college, and graduate school levels, with programs covering engineering and architecture, computer and information science, business, arts and sciences, and media studies.

Malayan Colleges Laguna
Founded in 2006, MCL is the best board exam performing private higher education institution in the CALABARZON Region. Known for its STEM programs, MCL is a QS-3 Star school that has senior high up to undergraduate degree levels. It was granted Autonomous status by CHED in 2019, making it the youngest school to achieve this level of accreditation.

Malayan Colleges Mindanao
MCM in Davao City is the youngest member of the Mapúa schools. Opened in 2018, the college offers undergraduate programs in arts and sciences, business, computer and information science, engineering and architecture, and senior high school.

Malayan High School of Science
MHSS is a private junior high school focused on preparing its students for STEM programs and is well-known for winning interscholastic science competitions in the country.

Mapúa University recently opened its Makati extension campus as the CBD’s newest higher education campus. Its 5,114-square-meter facility is equipped with modern technological features, and has been designed with comprehensive sustainability features.

MARKET OUTLOOK

The coronavirus and economic crises forced 2.6 million K-12 students out of school in 2020. Approximately 50% of private K-12 students either dropped out or transferred to public schools.

In Higher Education, a survey of private schools indicates a 20% to 30% drop in enrollment.

The pandemic also forced schools to accelerate their digital transformation strategy to survive. Educational institutions have implemented full distance learning through multiple modes: synchronous, asynchronous, and modular learning. As a result of the shift, spending in training, tech infrastructure and digital tools increased. As of April 2021, there is still no indication when face-to-face classes will resume.

The government continues to develop policies and programs to aid the sector and its primary stakeholders such as the students and employees. In the middle of 2020, Landbank launched a student loan program where students can borrow up to ₱300,000 to pay for tuition fees. The government also gave cash assistance to over 50,000 students in December.

These government measures will only have a minimal impact, however, and we expect 2021 to be another very challenging year due to the continuing health and economic impacts of COVID.

CAPITALS

Financial
Strong principals in Ayala and the Yuchengco Group who can provide capital to support increase in capacity, transform facilities, integrate technology, and strengthen human capital

Intellectual
Modern and outcomes-based curricula with strong emphasis on English and Tech mastery, critical thinking, and employability.

Tertiary schools have curricula with focus on applied research

In-house program designed in collaboration with the industry aimed at accelerating student development

Manufactured
Facilities, technologies, and classrooms aimed at providing quality and accessible education

Human
Faculty and staff who are competent, nurturing, and progressive

Social and Relationship
Strong relationships with all stakeholders

iPeople has successfully completed 12 batches of the Professional Employment Program Program in NTC and UNC, and 3 batches of APEC’s Accelerated Career Experience Program, providing employment and bridging opportunities to approximately 12,000 students since inception.

HOW WE CREATE VALUE

Modern and relevant content and curriculum

Integrated experiential education for employment model

Meaningful employer partnerships

Comprehensive career placement services

Intensive engagement with students

Enhanced student enrollment growth through:

Quality student and graduate outcomes
Improved student retention
Strong brands
Upgraded sales and marketing initiatives

Emphasis on talent development, faculty retooling and upskilling

Continuous leadership development program

BUSINESS REVIEW

iPeople schools were less impacted by COVID-19, relative to the overall education sector, due to their comparatively smooth transition to distance learning. Its tertiary schools’ enrollment decreased by 5%, and its standalone high schools’ enrollment decreased by 30% in SY 2020-21.

On a calendar year basis, iPeople’s revenues were flat at ₱3 billion while net income reduced by 12% to ₱242 million.

iPeople schools demonstrated their capability to adjust their learning modalities in innovative ways including:

Mapúa launched Mapúa Digital Academics, a state-of-the-art platform for delivering learning
APEC Schools launched APEC Agile, its blended learning program, and APEC Flex, a homeschooling program
NTC won the Ayala Innovation Awards for its fully distance learning graduate teacher education program

In 2021, iPeople will continue to leverage its ability to adapt to the fast-changing environment in order to thrive amidst the challenges presented by the “new normal.”

₱3BRevenues

₱242MNet income

STRATEGY	2020 PERFORMANCE	2021 PRIORITIES
Implement a hybrid model of distance and onsite learning
Each school runs engaging programs for both distance and partial face-to-face learning while core transactions can be done offsite shifting to the new normal	Each school was able to run its programs and key operations fully offsite	Improve student experience while ensuring outcomes are met
Improve learning outcomes
Learning outcomes measured by: Students’ performance in exams Employability External quality assurance and recognition	NTC won the Ayala Innovation Awards for its fully distance learning graduate teacher education program In a post-implementation survey, 98% of NTC’s distance program participants reported a positive experience. Mapúa and MCL received a QS-4 and QS3 star ranking, respectively. (Note: There were no board and college entrance exams in 2020 due to the pandemic)	Lay the groundwork to achieve higher accreditations for our higher educational institutions Ensure employability programs transition in the new normal
Deploy synergies across the IPO system to improve student value proposition and efficiency
Leverage schools’ strengths and shareholders	Cross-upskilling between educational and operational teams Group-wide implementation of new strategy, digital content, and tools	Expand industry immersion opportunities for students Continue to identify areas for synergy and innovation across schools

THE VALUE WE CREATE
Students and parents	We cater to multiple markets across the full range of socio-economic classes Student access to quality private education with linkages to potential employment
Teachers and employees	Learning and development programs with opportunities to pursue graduate studies
Companies	Organizations have access to a pool of high-quality human capital
Contribution to SDG 4 on education	We provide quality education to approximately 50,000 students

3F, Grepalife (GPL) Building,
219 Sen. Gil Puyat Avenue,
Makati City, 1200, Philippines
+63 2 8 253-3637
www.ipeople.com.ph

Sustainability
djparenillo@Mapúa.edu.ph

Learn about iPeople’s
SDG initiatives

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