Afya Limited (NASDAQ:AFYA) Q1 2022 Earnings Conference Call May 13, 2022 5:00 PM ET

Company Participants

Renata Couto - Director of IR

Virgilio Gibbon - CEO

Luis Blanco - CFO

Conference Call Participants

Mauricio Cepeda - Credit Suisse

Victor Tomito - Goldman Sachs

Vinicius Ribeiro - UBS

Renata Couto

Good evening, everyone. Thank you for joining us for Afya's First Quarter 2022 Conference Call. With me on the call today is our CEO, Virgilio Gibbon; and Luis Andre Blanco, our CFO. During today's presentation, our executives will make forward-looking statements. Forward-looking statements generally relate to future events or future financial or operating performance and involve known and unknown risks, uncertainties and other factors that may cause our 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 our business and financial performance, expectations and guidance for future periods, or expectations regarding our strategic product initiatives and the 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. The non-IFRS financial measures are not intended to be considered in isolation or as a substitute of the results prepared in accordance with IFRS. We have provided a reconciliation of these non-IFRS financial measures to the most directly comparable IFRS financial measures in this presentation.

Let me now turn the call over to Virgilio Gibbon, Afya's CEO, starting with Slide three.

Virgilio Gibbon

Thank you, Renata, and thanks, everyone, for joining us today on our first 2022 conference call. For us in Afya, this quarter shows another great start for the year ahead. We can finally see the pandemic losing its trend, and I'm proud to present once again above the expectation results, reaffirming the success and resilience of our business, along with high and predictable growth and another record cash generation.

During this call, I will run through four main topics. First, I will remember some key points presented at our last investor and ESG Day, which took place last month. Second, I will reinforce our 2022 disclosed guidance with expectations of another round of growth. Third, we'll talk according on the transaction, an active change of control. And last but not least, on our fourth topic, I will present our financial highlights of the quarter, demonstrate our solid performance.