Afya Limited (NASDAQ:AFYA) Q2 2023 Earnings Conference Call August 28, 2023 5:00 PM ET

Company Participants

Renata Couto - Investor Relations Executive Manger

Virgilio Gibbon - Chief Executive Officer

Luis André Blanco - Chief Financial Officer

Conference Call Participants

Lucca Marquezini - Itaú BBA

Lucas Nagano - Morgan Stanley

Jessica Mehler - JPMorgan

Mauricio Cepeda - Credit Suisse

Renata Couto

Thank you for joining us for Afya’s Second Quarter 2023 Conference Call. Today I'm here with Afya’s CEO, Virgilio Gibbon; and Luis André Blanco, our CFO.

During this presentation, our executives will make forward-looking statements. Forward-looking statements can be related to future events, future financial or operating performance, known and unknown risks, uncertainties, and other factors that may cause Afya's actual results to differ materially from those contemplated by these forward-looking statements. Forward-looking statements in this presentation include, but are not limited to, statements related to the business and financial performance, expectations and guidance for future periods or expectations regarding the company's strategic product initiatives, its related benefits, and our expectations regarding the market as well as the potential impact from COVID-19. These risks include those more fully described in our filings with the Securities and Exchange Commission. The forward-looking statements in this presentation are based on the information available to us as of the date hereof. You should not rely on them as predictions of future events, and we disclaim any obligation to update any forward-looking statements except as required by law.

In addition, management may reference non-IFRS financial measures on this call. These measures are not intended to be considered in isolation or as a substitute of the results prepared in accordance with IFRS. This presentation has reconciled these non-IFRS financial measures to the most directly comparable IFRS financial measures.

Let me now turn the call over to Virgilio Gibbon, Afya’s CEO.

Virgilio Gibbon

Thank you, Renata, and thanks everyone for joining us today for our second quarter and first half conference call for 2023 results. For us in Afya, this quarter’s results reinforce that our strategy has been successful, marked by the consistent growth of our operational and financial results. Once again, we are proud to present the strong execution of our unique business model, combining high growth in all three segments, profitability and strong cash generation, proving its resilience.

During this presentation, I will first run through some main strategic topics, such as our performance highlights, the successful business execution within our three segments, 2023 guidance, recent awards recognition, the new brand strategy and to finalize our future expectations. Further on, Luis Blanco will shed some color over our financial and operational overview.