 Investor Presentation Q1, 2006 1 NOBEL LEARNING COMMUNITIES, INC. September 14, 2006 Exhibit 99.1 |
 Investor Presentation Q1, 2006 2 NOBEL LEARNING COMMUNITIES, INC. The following presentation contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, about such things as the Company’s business, projected revenues, expenditures and operating and capital requirements. Statements that are not historical facts are forward-looking statements, and are subject to certain risks, uncertainties and assumptions, such as factors that could cause actual results to vary materially. Among the factors that could impact our ability to achieve our stated goals are competitive conditions in the pre-elementary and elementary school education and services industry, including advertising and tuition price sensitivity; various factors affecting occupancy levels, including, but not limited to, the reduction in or changes to the general labor force that would reduce the need or demand for private schools; the establishment of governmentally mandated universal pre-K programs that do not allow for participation by for-profit operators; our inability to successfully defend against or counter negative publicity associated with claims involving alleged incidents at our schools; and the acceptance of our newly developed schools and businesses and performance of recently acquired businesses. Forward- looking statements should not be relied upon except as statements of our present intentions and expectations that may or may not occur. |
 Investor Presentation Q1, 2006 3 NLCI BUSINESS SUMMARY • Established in 1982 • For-profit operator of private preschools, elementary/middle schools • FY 2006 1 revenues of approximately $168 mm • Fiscal 2006 EPS of $0.44, a 69% increase over Fiscal 2005 • Strong cash flow and strong balance sheet 1 FY 2006 covered this period: July 2, 2005 through July 1, 2006 |
 Investor Presentation Q1, 2006 4 NLCI BUSINESS MODEL PRINCIPLES • Preschool through eighth grade private school education • Private pay • Small classes, nurturing environment • One-stop shopping • Curriculum-based with annual standardized testing • Excellent value for educational outcomes |
 Investor Presentation Q1, 2006 5 NLCI OPERATES 150 SCHOOLS |
 Investor Presentation Q1, 2006 6 OUR BRANDS East West Specialized Individual School Brands |
 Investor Presentation Q1, 2006 7 COMPANY HISTORY - Revenue growth of 8.4% CAGR - Rapid growth from approximately 135 schools to 170 schools - Invested outside core business |
 Investor Presentation Q1, 2006 8 COMPANY HISTORY - Acquired schools with inconsistent real estate portfolio - Underinvested in infrastructure and people - Accumulated significant debt…and losses |
 Investor Presentation Q1, 2006 9 COMPANY HISTORY - Revamped Board of Directors - Built new management team - Focused resources on core business - Began to rationalize school portfolio |
 Investor Presentation Q1, 2006 10 EARLY 2004: A NEW TEAM IS RECRUITED President - Pearle Vision; CFO and EVP Strategic Planning - Cole National Corporation; SVP, GM - Things Remembered; Bain and Company George Bernstein CEO VP HR - NovaCare, Inc.; VP HR - Mellon Retail Bank, Philadelphia Asst. Superintendent - Union NJ Public Schools; Superintendent - Bound Brook, NJ Public Schools Jeanne Marie Welsko Osborne F. Abbey, Jr. Ed. D. VP Human Resources VP Education CFO - Broder Bros. Co.; CFO/EVP Finance - Mothers Work, Inc. SVP Franchise Services - Sylvan Learning Centers; VP Corporate Operations - Nutri/System, Inc. Tom Frank Patricia Miller CFO COO EVP International and Corporate Development - Right Management Consultants, Inc. Lee Bohs SVP Corporate Development |
 Investor Presentation Q1, 2006 11 COMPANY HISTORY - Investment in critical success factors: • Real estate • Curriculum • People - Developed Strategic Plan |
 Investor Presentation Q1, 2006 12 Company History - Strong balance sheet to support growth - Focus resources on growth and implementation of the strategic plan |
 Investor Presentation Q1, 2006 13 NLCI GROWTH STRATEGY 1. Grow the retail preschool business and utilize it, where appropriate, to feed elementary school enrollment 2. Extend our market leadership in the for-profit K-8 private school business 3. Add education-based enrichment programs that can be sold to consumers through our schools and other delivery channels Our growth strategy consists of three prongs, each building on the others |
 Investor Presentation Q1, 2006 14 GROW PRESCHOOL BUSINESS - LINKS TO LEARNING Preschools will benefit from our new curriculum, including Links to Learning, which connects parents to what their child is learning in school |
 Investor Presentation Q1, 2006 15 There are approximately 500 for-profit, private elementary schools in the U.S., with few operators of size EXTEND LEADERSHIP IN K-8 PRIVATE SCHOOL BUSINESS Source: Lochridge & Company Survey |
 Investor Presentation Q1, 2006 16 Our newest enrichment program will support our elementary school science and technology curriculum • Children’s Technology Workshops – State-of-the-art, computer-based engineering and technology programs – Animation, engineering, robotics, video game design, architecture, fashion design • Summer camps, weekend and after-school programs ENRICHMENT PROGRAMS TO LEVERAGE FIXED COSTS |
 Investor Presentation Q1, 2006 17 NLCI STRATEGY - COMPONENT INTEGRATION |
 Investor Presentation Q1, 2006 18 Financial Results NOBEL LEARNING COMMUNITIES, INC. |
 Investor Presentation Q1, 2006 19 • Created more clarity in our capital structure – Converted 100% of Preferred Series A and Preferred Series C to common stock – Preferred Series E has a 5% PIK, which can be paid in cash as of 6/30/06; converts 1:1 to common at $11.25; approx. 1.6 mm shares – Preferred Series F has a 5% PIK, which will be paid in cash as of 9/30/06; converts 1:1 to common at $12.75; approx. 750K shares – Paid off our sub-debt • Converted warrants to common in June 2006 • Expanded our credit facility and lowered our interest rate matrix • As of 7/1/06 net debt = $3.3 mm SIMPLIFIED AND STRENGTHENED CAPITAL STRUCTURE |
 Investor Presentation Q1, 2006 20 Free Cash Flow = cash from operations less capital expenditures NLCI DEBT IS DOWN AND FREE CASH FLOW IS UP |
 Investor Presentation Q1, 2006 21 NLCI GROSS PROFIT AND NET INCOME ARE IMPROVING Gross Profit and Net Income should be reviewed in conjunction with the Financial Statements and Notes thereto filed with the SEC. |
 Investor Presentation Q1, 2006 22 NLCI EPS TREND HAS IMPROVED STEADILY |
 Investor Presentation Q1, 2006 23 NLCI STOCK HAS REACTED FAVORABLY Management and Board Changes Initiated |
 Investor Presentation Q1, 2006 24 NOBEL LEARNING COMMUNITIES, INC. |