1、2021 Universal Technical Institute,Inc.FY22Annual ReportA Message To Our ShareholdersANNUAL REPORT 2022-UNIVERSAL TECHNICAL INSTITUTE2This past year was a pivotal one for us,as we significantly expanded the reach and breadth of our program offerings positioning the company as a growing workforce sol
2、utions provider for a wide range of skills,careers,and fields going forward.We made significant progress on executing our long-term strategy and are well on our way to transforming this Company into everything we know it can become.During the year,we opened new campuses in Texas and Florida to meet
3、the ongoing need for skilled transportation workers and continued to optimize our campus footprint,yielding both cost efficiencies and freeing up space to add new programs to our sites.This included purchasing the Lisle campus,consolidating the MMI-Phoenix campus into the Avondale,Arizona location a
4、nd consolidating the Orlando,Florida campus into one site.We also opened new welding programs at our North Carolina and Pennsylvania campuses,and we completed the acquisition and integration of MIAT College of Technology.The latter enables us to expand MIAT programs to UTI campuses nationwide,which
5、we are planning to execute beginning in the second half of fiscal 2023.In alignment with the transportation industrys move toward electric vehicles(EV),UTI began piloting EV training coursework at three California campuses and selected Bosch to develop additional EV training.Building on this momentu
6、m,several campuses rolled out new manufacturer-specific advanced training that integrates EV,hybrid,and battery-electric classwork,including Fords Accelerated Credential Training and Volvos Tekniker Apprenticeship Program.Additional program expansions in 2022 included the addition of the BMW FastTra