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com

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 23, 2009

UNIVERSAL TECHNICAL INSTITUTE, INC.

(Exact name of registrant as specified in its charter)

Delaware 1-31923 86-0226984

(State or other Jurisdiction of (Commission File Number) (IRS Employer Identification No.)
Incorporation)

20410 North 19th Avenue, Suite 200, Phoenix, Arizona 85027

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code: (623) 445-9500

None
(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.

On February 23, 2009, Universal Technical Institute, Inc. (the “Company”) participated in the Credit Suisse 11th Annual Global
Services Conference. Kimberly J. McWaters, the Company’s President and Chief Executive Officer and Eugene S. Putnam, Jr., the
Company’s Executive Vice President and Chief Financial Officer presented the information attached as Exhibit 99.1 to this Current
Report on Form 8-K. An audio recording of the presentation can be accessed through the Company’s website at www.uti.edu
under the “About Us – Investors – Information” captions.

The information in this Current Report on Form 8-K, including the presentation slides attached hereto as Exhibit 99.1, is being
furnished pursuant to this Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and it shall not be deemed
incorporated by reference in any filing under the Securities Act of 1933, as amended, or under the Exchange Act, whether made
before or after the date hereof, except as expressly set forth by specific reference in such filing to this Current Report on Form 8-K.

By filing this Current Report on Form 8-K and furnishing this information, the Company makes no admission as to the materiality
of any information in this Current Report on Form 8-K. The information contained in the presentation slides is summary
information that is intended to be considered in the context of the Company’s filings with the SEC and other public
announcements that the Company makes, by press release or otherwise, from time to time. The Company undertakes no duty or
obligation to publicly update or revise the information contained in this Current Report on Form 8-K, although it may do so from
time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or
documents with the SEC, through press releases or through other public disclosure.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit Number Description of Exhibit

99.1 Presentation in connection with Credit Suisse 11th annual Global Services Conference, dated February 23,
2009
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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

UNIVERSAL TECHNICAL INSTITUTE, INC.

Dated: February 24, 2009 By: /s/ Eugene S. Putnam, Jr.

Name: Eugene S. Putnam, Jr.
Title: Executive Vice President and Chief Financial
Officer
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Exhibit Index

Exhibit Number Description of Exhibit

99.1 Presentation in connection with Credit Suisse 11th annual Global Services Conference, dated February 23,
2009

Exhibit 99.1

2009 Cr e d i t Sui s s e 11t h An n u a l Gl o b a l Se r vi c e s Co n f e r e n c e Fe br ua r y 23, 2009 UNI VE RS AL T E CHNI CAL I NS T I T UT E

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S a f e Ha r b o r T h i s p r e s e n t a t i o n m a y i n c l u d e p r e d i c t i o n s , e s t i m a t e s o r o t h e r i n f o r m a t i o n t h a t m a y b e c o n s i d e r e d f o r wa r d l o o k i n g u n d e r t h e S a f e Ha r b o r p r o v i s i o n o f t h e P r i v a t e S e c u r i t i e s L i t i g a t i o n Re f o r m Ac t o f 1 9 9 5 . S u c h s t a t e m e n t s a r e b a s e d o n UT I s' l a s t dat a r epor t ed and have not been updat ed t o r ef l ect any changes t hat m ay have occur r ed s i nce our l ast r epor t i ng dat e. An y f o r wa r d - l o o k i n g s t at em ent s ar e s ubj ect t o a num ber of r i s ks and uncer t ai nt i es t hat coul d caus e act ual r es ul t s t o di f f er m at er i al l y f r om t hos e ant i ci pat ed by t hes e f o r wa r d - l o o k i n g s t at em ent s . Fur t he r i nf or m at i on on f act or s t hat coul d af f ect t he c o m p a n y 's act ual r es ul t s or condi t i on m ay be
f o u n d i n t h e c o m p a n y 's f i l i n g s wi t h t h e S e c u r i t i e s a n d E x c h a n g e Co m m i s s i o n . T h e c o m p a n y e x p r e s s l y d i s c l a i m s a n y o b l i g a t i o n t o p u b l i c l y u p d a t e a n y f o r wa r d - l o o k i n g s t a t e m e n t s wh e t h e r a s a r e s u l t of new i nf or m at i on, f ut ur e event s , changes i n expect at i ons , any changes i n event s , c o n d i t i o n s o r c i r c u m s t a n c e s , o r o t h e r wi s e .
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UT I at a Gl a n c e Founde d i n 1965 Le a d i n g br ands i n t echni cal educat i on Tr a i n i n g pr ogr am s Au t o Di e s e l Co l l i s i o n Re p a i r M ot or cycl e/ M ar i ne 10 cam pus es i n 8 st at es F Y2 0 0 8 aver age enr ol l m ent appr ox. 14, 900 F Y2 0 0 8 r evenues of $343. 5 m i l l i on
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Pr oj e c t e d Te c h n i c i a n De m a n d I ndus t r y si ze: 772, 675 14% g r o wt h by 2016 An n u a l new openi ngs : 26, 500 Ov e r a l l m ar ket g r o wt h of 12% - 14% by 2016 An n u a l new j ob openi ngs of 43, 600 Ke y St a t i s t i c s Au t o m o t i v e Di e s e l I ndus t r y si ze: 274, 876 12% g r o wt h by 2016 An n u a l new openi ngs : 9, 100 CRRT I n d u s t r y si ze: 182, 676 12% g r o wt h by 2016 An n u a l new openi ngs : 6, 400 M ar i ne/ M ot or cycl e I ndus t r y si ze: 45, 325 14% g r o wt h by 2016 An n u a l new openi ngs : 1, 600 Sour c e : BL S E m p l o y m e n t Ou t l o o k Sum m a r y, No v e m b e r 2007
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Co n t r a r y t o Popul a r Be l i e f . . . Te c h n i c i a n dem and i s NOT d r i v e n by t he num ber of new car deal er s hi ps and l i ght vehi cl e sal es.
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An d , i n f act . . . De a l e r Se r vi c e & Pa r t s Re v e n u e i s NOT d r i v e n by t he num ber of new car deal er s hi ps or l i ght vehi cl e sal es.
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Kn o wn f o r o u r I n d u s t r y Re l a t i o n s h i p s 1 9 9 0 1 9 9 5 2 0 0 0 2 0 0 5 T o d a y Ha r l e y - Da v i d s o n Ka wa s a k i Am e r i c a n Ho n d a Ho n d a M a r i n e S u z u k i Ya m a h a BM W Ha r l e y - Da v i d s o n Ka wa s a k i Am e r i c a n Ho n d a Ho n d a M a r i n e S u z u k i Ya m a h a Ha r l e y - Da v i d s o n Ka wa s a k i Am e r i c a n Ho n d a Ho n d a M a r i n e S u z u k i Ya m a h a BM W M e r c e d e s - Be n z J aguar For d Por s c he Vo l k s wa g e n NAS CAR Au d i Vo l v o Vo l v o - P e n t a M er cur y M ar i ne I nt er nat i onal Ha r l e y - Da v i d s o n Ka wa s a k i Am e r i c a n Ho n d a Ho n d a M ar i ne Suz uki Ya m a h a BM W M e r c e d e s - Be n z J aguar For d Por s c he Vo l k s wa g e n NAS CAR Au d i Vo l v o To y o t a Vo l v o - P e n t a M er cur y M ar i ne I nt er nat i onal Ha r l e y - Da v i d s o n Ka wa s a k i Am e r i c a n Ho n d a Ho n d a M ar i ne Suz uki Ya m a h a BM W M ot or cycl e BM W
M e r c e d e s - Be n z F o r d P o r s c h e Vo l k s wa g e n NAS CAR Au d i Vo l v o T o y o t a Ni s s a n Vo l v o - P e n t a M e r c u r y M a r i n e I n t e r n a t i o n a l Cu m m i n s F r e i g h t l i n e r T h e d e p t h a n d b r e a d t h o f o u r i n d u s t r y r e l a t i o n s h i p s a r e u n m a t c h e d a n d r e m a i n a c o m p e t i t i v e a d v a n t a g e . M o t o r c y c l e Au t o m o t i v e Di e s e l M a r i n e
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De a l e r Co n s o l i d a t i o n i s No t A Ne w T r e n d 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Ne w Ca r De a l e r s h i p s 25150 25025 25000 24825 24200 23500 22950 22850 22800 22750 22700 22600 22400 22250 22150 21800 21725 21650 21640 21495 21200 20700 Sour c e : NADA Da t a 2008 De a l e r s h i p l os s over pas t 20 year s i s l ar gel y due t o l ow vol um e deal er s wh i c h have decl i ned by 50% . W her eas , l ar ger , m or e s ophi s t i cat ed deal er s hi ps have i ncr eas ed by 18% .
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Li g h t Ve h i c l e Sa l e s Co m p a r e d t o To t a l De a l e r Se r vi c e and Pa r t s Re v e n u e 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 US L i g h t Ve h i c l e Sa l e s 15597 16958 17402 17178 16848 16676 16913 16997 16561 16154 13247 De a l e r Se r vi c e and Pa r t s Re v e n u e 62. 93 63. 56 67. 66 73. 83 80. 1 83. 11 85. 35 85. 48 85. 16 80. 45 83. 35 Sour c e s : AAI A F a c t b o o k 2009; Au t o m o t i v e Ne ws 1/ 12/ 09; NADA Da t a 2008 For t he pas t decade, deal er s er vi ce and par t s r evenue has g r o wn des pi t e f l at t o decl i ni ng l i ght vehi cl e sal es.
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W hat Do e s Dr i v e Te c h n i c i a n De m a n d and De a l e r Pa r t s & Se r vi c e Re v e n u e ? 1. Nu m b e r of uni t s i n oper at i on 2. Ag e of vehi cl es i n us e 3. Nu m b e r of m i l es dr i ven

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Ve h i c l e s i n Us e Co m p a r e d t o To t a l De a l e r Se r vi c e and Pa r t s Re v e n u e 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Ve h i c l e s i n Us e 182 182 186 189 193 198 201. 070397 205. 042639 209. 509161 213. 299313 216. 682936 221. 027121 225. 882103 231. 398281 238. 697097 244. 021754 248. 700997 De a l e r Se r vi c e and Pa r t s Re v e n u e 47 49. 07 51. 31 55. 12 56. 57 60. 76 62. 93 63. 56 67. 66 73. 83 80. 1 83. 11 85. 35 85. 48 85. 16 80. 45 83. 35 Sour c e s : NADA Da t a 2008, 2002 Ev e n dur i ng r eces s i onar y per i ods , t he num ber of vehi cl es i n oper at i on has g r o wn . De a l e r s er vi ce and par t s r evenue has t r acked ver y s i m i l ar l y.
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An n u a l M i l es Dr i v e n Co m p a r e d t o To t a l De a l e r Se r vi c e and Pa r t s Re v e n u e 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 An n u a l M i l es Dr i v e n 2. 56 2. 63 2. 68 2. 75 2. 8 2. 86 2. 89 2. 96 2. 99 3 2. 99 De a l e r Se r vi c e and Pa r t s Re v e n u e 62. 93 63. 56 67. 66 73. 83 80. 1 83. 11 85. 35 85. 48 85. 16 80. 45 83. 35 Sour c e s : AAI A F a c t b o o k 2009; NADA Da t a 2008
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Se r vi c e and Pa r t s Re v e n u e Ge n e r a l l y Gr o ws De s p i t e Ec o n o m i c Fl uc t ua t i ons 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 % Ch a n g e GDP 0 . 0 6 2 0. 053 0. 06 0. 059 0. 032 0. 034 0. 047 0. 066 0. 063 0. 061 0. 048 0. 034 De a l e r Se r vi c e and Pa r t s Re v e n u e 62. 93 63. 56 67. 66 73. 83 80. 1 83. 11 85. 35 85. 48 85. 16 80. 45 83. 35 Sour c e s : Bu r e a u of Ec o n o m i c Re s e a r c h ; NADA Da t a 2008
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Se r vi c e & Pa r t s i s Gr o wi n g i n I m por t ance 2001 2002 2003 2004 2005 2006 2007 % of De a l e r Op e r a t i n g Pr of i t 0. 48 0. 48 0. 46 0. 57 0. 585 0. 77 0. 81 Sour c e : NADA Da t a 2002- 2008 As l i ght vehi cl e sal es and pr of i t abi l i t y decl i ne, s er vi ce and par t s i ncr eas e as a per cent age of t ot al deal er oper at i ng pr of i t s .
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Av e r a g e De a l e r s h i p Tr e n d s Fi r s t 11 M ont hs of 2008 $ Am o u n t M i l l i ons % Ch a n g e Vs 11 M os 2007 To t a l Re v e n u e $26. 62 - 12. 7% Gr o s s Pr of i t 3. 82 - 8. 8% Ex p e n s e s 3. 51 - 4. 1% Ne t Pr of i t Be f o r e Ta x $0. 31 - 42. 0% Re v e n u e Sour c e s Ne w Ve h i c l e Re v e n u e $15. 23 - 14. 4% Us e d Ve h i c l e Re v e n u e 7. 65 - 15. 2% Se r vi c e & Pa r t s Re v e n u e 3. 74 +1 . 8 % Sour c e : NADA f r o m Au t o m o t i v e Ne ws 2/ 2/ 09 De s p i t e doubl e di gi t decl i nes i n new and us ed vehi cl e r evenue, par t s and s er vi ce r evenue gr ew 1. 8% .
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An Ea r l y For e c a s t f or 2009 2009 For e c a s t % Ch a n g e Fr om 2008 Li g h t Ve h i c l e Sa l e s $12. 7 M i l l i on - 3. 8% De a l e r Pa r t s & Se r vi c e Re v e n u e +3 % ( a) Sour c e : Pa ul Ta y l o r ( NADA) quot ed i n Au t o m o t i v e Ne ws ( 1/ 25/ 09) and US A T o d a y ( 2/ 9/ 09) . W hi l e t he ear l y f or ecas t m ay not hol d t r ue gi ven t he vol at i l i t y i n t he i ndus t r y, i t i s pos s i bl e f or deal er s t o gr ow s er vi ce and par t s r evenue by m anagi ng t he cus t om er r el at i ons hi p. Th e t echni ci an i s a ver y i m por t ant par t of t he equat i on.
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W hat Ab o u t t he St ude nt s ? St r ong i nt er es t des pi t e negat i ve i ndus t r y n e ws Va l u e pr opos i t i on r em ai ns i nt act Ne e d s t o keep em pl oym ent opt i ons open
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Re c e n t Pr ogr e s s
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Op p o r t u n i t i e s t o I ncr eas e Ca p a c i t y Ut i l i z a t i o n St r e ngt he n m ar ket i ng ef f or t s i n l ocal m ar ket s t o at t r act s t udent s wh o have a hi gher pr opens i t y t o s h o w Ex p a n d exi s t i ng pr ogr am s t o ot her cam pus es I ncor por at e pr ogr am s t hat com pl i m ent our cur r ent ver t i cal s Co n s i d e r new pr ogr am s not wi t h i n our cur r ent ver t i cal s ( t hr ough acqui s i t i on or s t ar t - up) W e bel i eve our cam pus es ar e i n t he r i ght l ocat i ons and t her e ar e oppor t uni t i es t o add sm al l er cam pus es i n ot her m et r o ar eas.
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Ke y Op e r a t i n g M et r i cs Co n t i n u e t o I m pr ove I m pr oved l ead gener at i on Le a d s have i m pr oved year over year s i nce M ar ch 2008 F Y0 9 Q1 l eads i ncr eas ed 82% F Y0 9 Q1 cos t per l ead decr eas ed 27% Ca m p u s Sa l e s - young adul t r ecr ui t i ng Si nc e J anuar y 2008, cam pus cont r act s have s t eadi l y i m pr oved F Y0 9 Q1 cam pus cont r act s i ncr eas ed 47% Fi e l d Sa l e s - hi gh s chool r ecr ui t i ng Fi e l d cont r act s s t abi l i zed i n Ap r i l 2008 F Y0 9 Q1 f i el d cont r act s i ncr eas ed 6% St a r t s St a r t s began s h o wi n g i m pr ovem ent i n F Y0 8 Q3 F Y0 9 Q1 st ar t s i ncr eas ed 6% Th e f r ont - end dr i ver s of t he bus i nes s ar e m ovi ng i n t he r i ght di r ect i on and we ar e begi nni ng t o see i m pr ovem ent s i n st ar t s and t ot al s t udent
popul at i ons .
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I m pr oved Le a d Ge n e r a t i o n & Ef f i c i e n c y F Y0 7 Q1 F Y0 7 Q2 F Y0 7 Q3 F Y0 7 Q4 F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 YOY Ch a n g e i n Co s t Pe r Le a d 0. 39 0. 23 - 0. 02 0. 05 - 0. 2 0. 27 - 0. 1 - 0. 33 - 0. 27 YOY Ch a n g e i n Le a d s Ge n e r a t e d 0. 204 0. 165 - 0. 088 - 0. 194 - 0. 273 - 0. 131 0. 407 0. 333 0. 816 Th e ef f ect i venes s of our adver t i s i ng cam pai gn i s dr i vi ng an i ncr eas e i n l eads wh i l e del i ver i ng a m or e ef f i ci ent cos t per l ead.
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St ude nt s Si gni ng Co n t r a c t s I ncr eas i ng F Y0 7 Q1 F Y0 7 Q2 F Y0 7 Q3 F Y0 7 Q4 F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 Co n t r a c t s 8514 8972 5869 6101 7554 8425 7111 7830 9033 Av e r a g e Ad m i s s i o n Re p He a d c o u n t 279 273 259 246 251 256 262 287 307 For F Y0 9 Q1 , pr oduct i vi t y l evel s r em ai ned cons t ant as com par ed t o pr i or year f or bot h r ecr ui t m ent t eam s. Ne w r e p s ar e pr oduci ng at hi gher l evel s t han hi s t or i cal l y achi eved. F Y0 7 Q1 F Y0 7 Q2 F Y0 7 Q3 F Y0 7 Q4 F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 Y/ Y Ch a n g e 1. 6% 4. 1% ( 10. 1% ) ( 18. 2% ) ( 11. 3% ) ( 6. 1% ) 21. 2% 28. 3% 19. 6%
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Co n s i s t e n t l y I m pr ovi ng St ude nt St a r t s F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 st ar t s - 0. 115 - 0. 082 0. 005 0. 049 0. 062 W e began achi evi ng year - over - year st ar t g r o wt h i n F Y0 8 Q3 af t er near l y t wo year s of decl i nes and expect t hat t r end t o cont i nue. F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 Pe r c e nt of FY St a r t s 20. 7% 18. 7% 14. 7% 45. 9%
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Av e r a g e Un d e r g r a d u a t e En r o l l m e n t F Y0 7 Q1 F Y0 7 Q2 F Y0 7 Q3 F Y0 7 Q4 F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 FY 2007 17265 16389 14630 15464 16576 15092 13452 14689 16323 W e n a r r o we d t he gap i n aver age s t udent s f r om 1, 300 i n F Y0 8 Q2 t o 250 i n F Y0 9 Q1 . F Y0 7 Q1 F Y0 7 Q2 F Y0 7 Q3 F Y0 7 Q4 F Y0 8 Q1 F Y0 8 Q2 F Y0 8 Q3 F Y0 8 Q4 F Y0 9 Q1 Y/ Y Ch a n g e ( 162) ( 253) ( 536) ( 814) ( 689) ( 1, 297) ( 1, 178) ( 775) ( 253)
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Bu s i n e s s Pr i or i t i e s
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1- 4 M ont hs 1- 12 M ont hs 12- 18 M ont hs Ke y M et r i cs t o Dr i v e Re v e n u e Co n t r a c t Le a d St a r t Gr a d u a t i o n Co n t r a c t t o St a r t Ti m e s : 50% Sc he dul e d t o St a r t W i t hi n 6 M ont hs 75% Sc he dul e d t o St a r t W i t hi n 9 M ont hs 90% Sc he dul e d t o St a r t W i t hi n 12 M ont hs Fi e l d Co n t r a c t s Te n d t o be 2- 3 M ont hs Lo n g e r I t can t ake up t o 36 m ont hs f or s t udent s t o m ove t hr ough t he r evenue cycl e.
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Ef f i c i e n c i e s Ga i n e d Th r o u g h S h o w Ra t e As s u m p t i o n s : 20% g r o wt h i n s t udent s s chedul ed t o st ar t i n F Y0 9 50% s how r at e i n F Y0 8 W e can st i l l r epor t st ar t g r o wt h even i f we do not achi eve t he ef f i ci enci es we wo u l d l i ke wi t h i m pr oved s how r at es .
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Op e r a t i n g M ar gi ns - P o we r of Le v e r a g e I l l us t r at i on, not a For e c a s t As s u m e s F Y0 9 Q1 Co s t St r uc t ur e & Re v e n u e Ra t e s

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I m pr oved Af f o r d a b i l i t y UT I Lo a n Pr ogr a m Lo a n s at r eas onabl e i nt er es t r at es and t er m s UT I bear s al l cr edi t and col l ect i on r i sk No m eani ngf ul P& L or bal ance s heet i m pact Th r o u g h 12/ 31/ 08, we ar e com m i t t ed t o pr ovi de $7. 4 m i l l i on i n l oans and have $5. 1 m i l l i on i n l oans out s t andi ng Ec o n o m i c St i m ul us Pl a n Pe l l Gr a n t s i ncr eas e $619 f or m axi m um a wa r d of $5, 350 f or 2009- 2010 a wa r d year and addi t i onal $200 f or m axi m um a wa r d of $5, 550 f or 2010- 2011 a wa r d year $2, 500 t ax cr edi t f or t ui t i on and ot her expens es and up t o $1, 000 i s r ef undabl e At cur r ent capaci t y ut i l i zat i on, s t udent s i n t he pr i vat e l oan pr ogr am ar e st i l l pr of i t abl e.
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Fi s c a l 2009 Ou t l o o k St ude nt cont r act g r o wt h per cent age i n l ow t eens St ude nt st ar t s g r o wt h per cent age t o r ange f r om hi gh s i ngl e t o l ow doubl e di gi t s Gr o wt h i n aver age under gr aduat e f ul l - t i m e s t udent enr ol l m ent dur i ng s econd or t hi r d quar t er Ye a r - o v e r - y e a r i m pr ovem ent i n capaci t y ut i l i zat i on Du e t o s eas onal i t y of our bus i nes s and nor m al f l uct uat i ons i n s t udent popul at i ons , we wo u l d expect vol at i l i t y i n our quar t er l y r es ul t s .
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Sum m a r y Supe r i or bus i nes s s t r at egy / r el at i ons hi ps St r ong val ue pr opos i t i on Ov e r c o m i n g chal l engi ng ext er nal envi r onm ent Show r a t e s i m pact t i m i ng, not achi evabi l i t y of r et ur n t o doubl e- di gi t oper at i ng m ar gi ns UT I i s an endur i ng br and due t o i t s com pel l i ng val ue pr opos i t i on f or bot h s t udent s and i ndus t r y.
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Ap p e n d i x
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Fi na nc i a l Pe r f or m a nc e ( $ i n m i l l i ons , except f or enr ol l m ent dat a and EP S ) W e wi l l cont i nue t o i nves t i n t he bus i nes s t o cont i nue t o dr i ve m or e l eads , cont r act s and st ar t s des pi t e m ar gi n pr es s ur e and quar t er l y vol at i l i t y.
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Ap p r o x i m a t e l y 80% of our r evenues com e f r om Ti t l e I V f undi ng or cash paym ent s . St ude nt Sour c e s of Fundi ng FY 2008 Br e a k d o wn by % of Re v e n u e F F ELP - Fe de r a l Lo a n s & Pe l l Gr a n t s Ca s h / Cr e d i t Ca r d s Pr i va t e Al t . Lo a n s Di s c o u n t Al t . Lo a n s CT G & Ot h e r Ea s t 0. 64 0. 163 0. 074 0. 016 0. 037 * As a r es ul t of t he di f f er ence b e t we e n cash bas i s and accr ual bas i s account i ng, t he char t does not add up t o 100% . Ful l y Funde d Th r o u g h F F ELP & P ELL M e e t Ga p W i t h Ca s h Pa ym e nt s Re q u i r e Som e Pr i va t e Al t . l oan Pa r t s St or e s Re q u i r e Som e Di s c o u n t Al t . Lo a n Ea s t 0. 383 0. 248 0. 265 0 0. 104 FY 2008 Br e a k d o wn by % of St ude nt s