Afya Limited (NASDAQ:AFYA) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET
Company Participants
Renata Couto - IR
Virgilio Gibbon - CEO
Luis Andre Blanco - CFO
Conference Call Participants
Lucca Marquezini - Itau
Mirela Oliveira – Bank of America
Marcelo Santos - JPMorgan
Lucas Nagano - Morgan Stanley
Leandro Bastos - Citi
Renata Couto
Good night, everyone. Thank you for joining us for Afya's First Quarter 2024 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 those 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 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 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, our CEO, starting with Slide number 3.
Virgilio Gibbon
Thank you, Renata, and thanks to everyone for joining us today for our inaugural conference call of 2024.
To start off, we'd like to outline our operational restructuring effort in Continuing Education and Medical Practice Solutions segment, to enhance synergies between active content and technology for medical education and its specialization cost for physicians. Afya has restructured its corporate structure so that all progress and services related to medical education excluding Medcon the grad courses are now managed in the same structure.
Moving to the next page. We can now observe our new business structure taking shape, comprise of our three segments: Undergrad programs, Continuing Education and Medical Practice Solutions.