Vitru Limited (NASDAQ:VTRU) Q4 2022 Earnings Call Transcript March 16, 2023 4:30 PM ET

Company Participants

Carlos Freitas - Chief Financial and Investor Relations Officer

Conference Call Participants

Lucca Marquezini - Itau BBA

Lucas Nagano - Morgan Stanley

Fred Mendes - Bank of America

Mauricio Cepeda - Credit Suisse

Operator

Good evening, everyone. Thank you for waiting. And welcome to Vitru’s Fourth Quarter and Full Year 2022 Earnings Conference Call. We advise you that this conference is being recorded and will be available in Vitru’s Investor Relations website where the complete material for our earnings call can be found. [Operator Instructions]

We emphasize that the information contained in this presentation and any statements that may be made during the earnings call regarding Vitru’s business prospects, projections and operational and financial goals constitute to beliefs and assumptions of the company’s management, as well as information currently available. Forward considerations are not performance guarantees. They involve risks, uncertainties and assumptions and they refer to future events and therefore depend on circumstances that may or may not occur. Investors should understand that general economic conditions, market conditions and other operating factors may affect business performance and lead to the results that differ materially from those expressed in such forward-looking statements.

Today, we have the presence of the company’s executives, Pedro Graça, William Matos, Vitru’s CO-CEOs, Carlos Freitas, Vitru’s CFO and IRO and Guilherme Franco, VP of Marketing. I’ll now give the floor to Carlos Freitas, sir, you may begin.

Carlos Freitas

Thank you, everybody. And good afternoon, everyone, thanks for joining us here again. It’s a pleasure to be here with you all for the release of our fourth quarter and results of last year as well as the full year results. Here with me, I have Pedro Graça and William Matos, the Co-CEOs of Vitru; Guilherme Franco, our VP of Marketing and Sales. Maria Carolina de Freitas Gonçalves, the Head of IR [inaudible] and Leite San Lee Sun from all from our IR department.

A slides presentation will be part of today's webcast, which is available as you know in our IR website@investors.vitru.com.br. I trust you all have in front of you this presentation. For those that are not following our webcast here live with Zoom. So before we begin, just as a quick reminder, Safe Harbor is in effect for this call. So now I invite you all to follow me here for this presentation. In page 4, which is here, which brings the main highlights of the last month. The first one is the closing, as you will remember, of the primary capital increase of around R$400 million both from Crescera Capital or mostly from Crescera Capital, but also the issuance of new common shares that we made pursuant to a right offering that was executed throughout October and November of last year.