Recent Changes <ul><li>(Moena Participações) </li></ul><ul><li>20% of capital stock </li></ul><ul><li>Conversion of all preferred shares into common shares (at par) </li></ul><ul><li>Co-management </li></ul><ul><li>100% of common shares </li></ul><ul><li>Best Corporate Governance practices </li></ul>
Ownership Breakdown Founder Shareholder Free float Total 43,037,648 18,830,405 78,585,066 54.8 20.0 100.0 GP 15,717,013 25.2 One simple class with Voting Right Shareholders Commom Shares %
Board of Directors, Board of Executive Officers and Fiscal Council New Board of Directors: New Board of Executive Officers: Fiscal Council:
Highlights <ul><li>Academic Reform </li></ul><ul><ul><ul><li>Modularization </li></ul></ul></ul><ul><ul><ul><li>Nationalization </li></ul></ul></ul><ul><ul><ul><li>Distance Learning </li></ul></ul></ul><ul><li>SAP system at all our units </li></ul><ul><li>SIA in implementation fase </li></ul>
Students Enrolled and Revenue Net Revenue (R$ million) (1) Net Revenue / Average Paying Student Base 2Q07 2Q08 Var. % 1H07 1H08 Var. % Number of Students (thousands) 173 193 11.7% 173 193 11.7% Average Tuition ¹ (R$) 427 440 3.1% 433 447 3.3%
Cost of Services and SG&A (R$ million) Cost of Services Gross Profit: 35.1% NR* *NR = Net Revenue Gross Profit: 35.7% NR* SG&A Extraordinary Items 19.0% 15.5% R$63.2 M (30.2%) NR * R$75.2M (31.6%) NR *
Ebitda and Net Income (R$ million) Ebitda Net Income 200.7% EBITDA Margin ROE (Net Income 1 / Shareholders’ Equity)
Capex and Cash Flow (R$ million) CAPEX Cash Flow
IR Contacts & Disclaimer Investor Relations – Estácio Carlos Lacerda – [email_address] Fernando Santino – [email_address] Contact IR: [email_address] Tel.: (55) 21 2433-9789 / 9790 / 9791 Av. das Américas, 3434 – C. Empresarial Mario Henrique Simonsen - Bloco 7 CEP 22.640-102 - Barra da Tijuca - Rio de Janeiro/RJ - Brazil We are a holding company, and our only assets are our interests in SESES, STB, SESPA, SESCE and SESPE, and we currently hold 99.9% of the capital stock of each of these subsidiaries. This presentation may contain forward-looking statements concerning the industry’s prospects and Estácio Participações’ estimated financial and operating results; these are mere projections and, as such, are based solely on the Company management’s expectations regarding the future of the business and its continuous access to capital to finance Estácio Participações’ business plan. These considerations depend substantially on changes in market conditions, government rules, competitive pressures and the performance of the sector and the Brazilian economy as well as other factors and are, therefore, subject to changes without previous notice. Considering that the Company was organize d on March 31 2007, the information presented herein is for comparison purposes only, on a proforma unaudited basis, relative to the first three months of 2007, as if the Company had been organized on January 1 2007. Additionally, information was presented on an adjusted basis, in order to reflect the payment of taxes on SESES, our largest subsidiary, which from February 2007, after becoming a for-profit company, will be subject to the applicable taxation rules applied to the remaining legal entities, except for the exemptions arising out of the PROUNI – University for All Program (“PROUNI”). Information presented for comparison purposes should not be considered as a basis for calculation of dividends, taxes or for any other corporate purposes. Visit our Website: www.estacioparticipacoes.com/ir
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