Afya Limited · NASDAQ:AFYA
Afya — Q2 2019 Earnings Presentation
14 slides from Afya's earnings presentation, Aug 30, 2019
Slide 1: Q2-19 Investor Presentation
Q2 – 19 Investor Presentation August 30, 2019
Slide 2: Forward-Looking Statements
Forward – Looking Statements This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 , which statements involve substantial risks and uncertainties . All statements other than statements of historical fact could be deemed for
Slide 3: 1st semester highlights
1st semester highlights 3 IPO at Nasdaq Afya becomes the largest medical education group in Brazil and the only player providing education and digital content in every stage of the medical career 1,522 authorized medical school seats Robust growth, margin expansion and cash generation
Slide 4: IPEC Acquisition
Marabá + 120 medical school seats Expected capex of R$3 - 5 million Operation expected to start in the second semester of 2019 In line with Afya’s M&A strategy 4 IPEC Acquisition
Slide 5: Medical School Authorization - Abaetetuba - PA
+ 50 medical school seats Operation expected to start in the second semester of 2020 5 Medical School Authorization - Abaetetuba - PA Abaetetuba Cruzeiro do Sul Santa Inês Cametá Manacapuru Itacoatiara “ Mais Médicos ” awarded campuses Abaetetuba - PA authorization:
Slide 6: 1H-19 Highlights
75% Pro Forma Adjusted Net Income ’17 - 1H19¹ CAGR 27% Pro Forma Net Revenue ’17 - 1H19¹ CAGR 80% Operating Cash Conversion Ratio 10.5 CME students in BU2 +62% Undergraduate medical degree students +170 medical school seats due to IPEC acquisition and Mais Médicos authorization in Abaetetuba . 1H –
Slide 7: Financial Highlights
7 Adjusted² EBITDA and Margin (R$ mm, % NR) Adjusted² Net Income and Margin (R$ mm, %NR) Net Revenue (R$ mm) 136.6 323.1 357.8 1H18 1H19 1H19 Pro Forma 137% 49.9 122.2 145.3 37% 38% 41% 1H18 1H19 1H19 Pro Forma 145% 42.9 90.1 110.0 31% 28% 31% 1H18 1H19 1H19 Pro Forma 110% Financial Highlights ¹ Pro
Slide 8: Pro Forma Financial Highlights
8 Pro Forma¹ Financial Highlights 444.4 547.6 357.8 2017 2018 1H2019 119.9 198.1 145.3 27% 36% 41% 2017 2018 1H2019 Pro Forma¹ Adjusted² EBITDA and Margin (R$ mm, %NR) 71.7 147.8 110.0 16% 27% 31% 2017 2018 1H2019 Pro Forma¹ Adjusted² Net Income and Margin (R$ mm, %NR) Pro Forma¹ Net Revenue (R$ mm)
Slide 9: Medical schools tuition fees and students
9 Medical schools tuition fees represented 68% of total combined tuition fees Medical Students 3,388 5,550 1,388 1H2018 1H2019 Medical students Medical Students from 2019 Acq. 6,548 7,129 1H2018 1H2019 Medical School Average Ticket (R$/month) 62% 16% 9% 4,776
Slide 10: ( ) Represents the historical consolidated statement of income of Afya Brazil for the
( 1 ) Represents the historical consolidated statement of income of Afya Brazil for the six months ended June 30 , 2019 . ( 2 ) Represents the historical consolidated statement of income of Medcel for the period from January 1 , 2019 to March 28 , 2019 . ( 3 ) Represents the interest received on lat
Slide 11: Reconciliation between Pro Forma Net Income and Adjusted Pro Forma Net Income
( 1 ) Represents the historical consolidated statement of income of Afya Brazil for the six months ended June 30 , 2019 . ( 2 ) Represents the historical consolidated statement of income of Medcel for the period from January 1 , 2019 to March 28 , 2019 . ( 3 ) Consists of amortization of customer re
Slide 12: Operating Cash Conversion Ratio Reconciliation
( 1 ) Represents the historical consolidated statement of income of Afya Brazil for the six months ended June 30 , 2019 . ( 2 ) Consists of payment of lease liabilities recorded under IFRS 16 as from January 1 , 2019 . ( 3 ) Consists of expenses related to the integration of newly acquired companies
Slide 13: Final remarks
Final remarks 13 IPO Successful Initial Public Offering in NASDAQ Stock Market Acquisitions Acquistion of IPEMED, a post - secondary education institution. Acquisition of FASA and IPEC, increasing by 305 our medical seats Integration Accelerated process of integration of our new acquired companies M
Slide 14: Contact
EDUCATION e TECHNOLOGY HEALTHCARE Contact? ir@afya.com.br