COVER SHEET

111111010MMUMUMMMENUMM 110110
(Company's Full Name

BH

7F

6764
CITY

AALA
(Business Address: No. Street City/ Town/ Province)

ARSENO C. CABRERA,JR.

TM
Month

8137111
Company Telephone Number

Contact Person

SEC FORM 17-C

I L______
Month

FORM TYPE

Dc.y

Fiscal Year

Day

Annual Meeting

Secondary License Type, If Applicable

Amended Articles Numbe'Section

Dept. Requiring this Doe.

Total Amount of Borrowings

Domestic

Total No. of Stoeholders

To be accomplished by SEC Personnel concerned

ile Number

1HHH=
Cocument I.D.

STAMPS

LCU

Cashier

Foreign

SECURITIES AND EXCHANGE COMMISSION

SEC FORM 17-C
CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND RSA RULE 17.2(c) THEREUNDER

1. 18 November 2014
Date of Report (Date of earliest event reported)

2, SEC Identification Number.... 1746

3. BIR Tax Identification No.....000126853000

4. STI Education Systems Holdings, Inc.

Exact name of issuer as specified in its charter
6.
5. Philippines
Province, country or other jurisdiction of
incorporation

(SEC Use Only)

7. 7fF iAcademy Building 6764 Ayala Avenue, Makati City

Address of principal office

1226
Postal Code

8. (632) 844-95-53
Issuer's telephone number, including area code

Former name or former address, if changed since last report

10.Securities Registered Pursuant to Section 8 and 12 of the SRC or Sections 4 and 8

of the RSA
Title of Each Class

Number of Shares of Common

Stock Outstanding and Amount
of Debt Outstanding

Common

9,904,806,924

11. Indicate the item numbers reported herein: Item 9

Item 9. Other Events

STI Holdings revenues soars by 18%, nears P1-billion mark
MANILA, Philippines - Consistent increase in the number of enrollments in most of
the schools it owns has pushed the revenues of STI Holdings to soar to P975.1 million
during the first six-month period ending in September 30 this year.
The amount, which is about P25 million shy of a billion pesos, is 18 percent higher
than the P826.9 million it generated during the same period last year.
In its quarterly report submitted Thursday to the Securities and Exchange
Commission and the Philippine Stock Exchange, STI Holdings said the improvement
of P148.2 million in revenues was "driven by the increased enrollment in the STI
network and West Negros University."
Based on the latest summary of enrollments in STI Holdings' subsidiaries, a total of
74,002 were currently enrolled in the STI network of schools, which is 3,895 higher
than the 70,107 it reported during the previous school year.
WNU and iAcademy also posted a higher number of students for school year 20142015, bringing the total number of students in schools owned by STI Holdings to
80,200, resulting in an increase in tuition revenues by P149.2 to 826.4 million from
last year's P677.2 million.
Enrollment mix also tipped towards the more profitable four-year courses, with 81
percent of students preferring to enter in bachelor's degree courses. The ratio is
higher this year compared to the 76 percent who enrolled in these courses last school
year.
STI Holdings also said that company earnings before interest, tax, depreciation, and
amortization (EBITDA) for the six-month period increased by P50.4 million to P361.8
million from last year's P311.4 million, a 16 percent hike.
Gross profit also stood at P667.1 million this year compared to P583.2 million last
year.
Notable also is the company's property and equipment, which increased by P975.1
million or 22 percent mainly due to the completion of school buildings constructed
for STI-Cubao and STI-Calamba campuses, renovation of the building for STIBatangas and purchase of school furniture and equipment for these campuses.
The new and renovated schools are part of the ambitious expansion programs the
company has launched in 2012 after STI Holdings successfully raised funds by way
of follow on offering through the PSE.
Just recently, STI-Lucena held its topping off ceremony. The school should be ready
to accept students in time for school year 2015-2016.

Last April, STI ESG also acquired two parcels of land in San Jose del Monte in
Bulacan with a combined land area of 4,178 square meters, which will also be a site
for another school.
STI Holdings is included in the 2013 list of top 50 Philippine-listed companies
evaluated under the Asean Corporate Governance Scorecard. The top listed
companies from six participating Asean member-countries were evaluated based on
the international standards of corporate governance, including the five Organization
for Economic Cooperation and Development principles of corporate governance.
##

STI Education Systems Holdings, Inc.

Issuer

18 November 2014
Date

ANNA CARMINA S. HERRERA

Assistant Corporate Secretary