Afya Limited (NASDAQ:AFYA) Q1 2023 Earnings Conference Call May 24, 2023 5:00 PM ET
Company Participants
Renata Couto - Investor Relations Executive Manger
Virgilio Gibbon - Chief Executive Officer
Luis Andre Blanco - Chief Financial Officer
Conference Call Participants
Lucca Marquezini - Itau BBA
Mauricio Cepeda - Credit Suisse
Lucas Nagano - Morgan Stanley
Jessica Mehler - JPMorgan
Renata Couto
Good night, everyone. Thank you for joining us for Afya’s First Quarter 2023 Conference Call. I'm here today with Afya’s CEO, Virgilio Gibbon, and Luis Andre Blanco, our CFO.
During today's 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 any remaining facts 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.
Now let me turn the call over to Virgilio Gibbon, Afya’s CEO, starting with slide number three.
Virgilio Gibbon
Thank you, Renata. And thanks everyone for joining us today on our first conference call, related to 2023 results. We proudly present our first quarter of 2023 showing another great start for the year ahead.
Since our IPO, our top line has grown more than 2 times, improving the resilience and differentials of our business. In this quarter, once again, our net rental has jumped 25% over last year. 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, this year guidance, some recent awards recognition, and at the end Luis Blanco will explore our financial and operational overview.