1) Eduardo Alcalay, CEO, and Rogério Melzi, CFO, reported on the company's 1Q11 results, which showed continued growth and margin expansion.
2) Key metrics like net revenue, recurring EBIT, recurring EBITDA, and net income all increased between 7-21% compared to 1Q10. Recurring EBITDA margin expanded 1.9 percentage points.
3) The company saw record student enrollment growth of 24.4% to 73,500 new students and an 11.6% expansion of its total student base compared to 1Q10.
Estácio Participações reported strong third quarter 2011 results with higher student enrollment, revenue, margins and net income compared to the previous year. The company saw a 26% increase in new students, revenue growth of 15.6%, EBITDA growth of 39.1% and net income growth of 22.9%. Margins expanded due to increased revenue and efficiency gains in personnel and administrative costs. Acquired companies also contributed to margin expansion. The results demonstrate the success of Estácio's business model of centralization, scalability and new academic programs.
1. Estacio reported strong growth in 1Q12, with net revenue up 19.9% and net income up 39%. Organic student base growth and recent acquisitions contributed to results.
2. Key metrics like EBITDA and EBITDA margin increased significantly in 1Q12 both overall and excluding acquisitions, demonstrating sustainable growth.
3. Cash costs improved as a percentage of revenue due to personnel cost controls and the end of social security step-ups, while SG&A expenses were well managed.
1) Revenues declined 3.2% in 1Q10 due to a reduction in student base, while costs were well managed resulting in a smaller 1% decline in gross profits.
2) EBITDA and net income declined by 7.9% and 12% respectively due to lower revenues partially offset by cost controls.
3) The company maintained a strong balance sheet and cash generation capabilities to pursue strategic acquisitions for future growth.
The document summarizes the company's 1Q09 earnings release. Some key points:
- Student enrollment increased by 54 thousand in the first semester and the renewal rate was 86%. The student base reached 211 thousand, a 6.4% increase from 1Q08.
- Efficiencies led to reductions in faculty costs and administrative expenses. A more aggressive marketing strategy was pursued.
- Net revenue grew 11.4% to R$264.6 million. EBITDA increased 11% to R$43.1 million while maintaining margins.
- Strong cost controls allowed for increased marketing spending while keeping a conservative approach to delinquent students. Capex was R$6.8 million
The document reports on Estacio Participacoes' financial results for 2009, highlighting increased profitability through EBITDA growth of 21% and an EBITDA margin gain of 1.8 percentage points, as well as continued focus on improving academic quality and pursuing future growth opportunities like distance learning and acquisitions.
Refactoring in Practice - Sunnyconf 2010Alex Sharp
This controller action updates a medical history record and its associated existing conditions. It finds the medical history, sets a default date if needed, then loops through the condition parameters to either create or update the join records. If successful, it redirects with a flash message, otherwise renders the edit view. The code has a complex logic for updating the associated records directly in the controller.
Maailmas on üle 6000 JCI sertifitseeritud koolitaja, neist enam kui 85 on JCI Estonia Treeninginstituudist.
Koolitused JCI kodadele
Mentorluskoolitus, ühe tunni koolitused, koja juhtimine
Koolitused organisatsioonidele
Isiklik areng, meeskonnatöö, juhtimine, müük ja esinemine
Koolitajate väljaõpe
Rahvusvaheliselt tunnustatud sertifikatsioonisüsteem
85 koolitaja väljaõppega
praktikust treenerit.
küsi koolitust - www.jci.ee/ti
In this presentation at SXSWedu in March 2013, Dr. Gigi Johnson explores the fuzzy world of “blended” courses in higher education. She dissects the tensions and tribulations as universities attempt to blend F2F and web-enriched tools in traditional environments, including challenges of time, space, and data politics in research universities, challenges with cost structures and faculty development, and abundant legal and IP issues. What is a class vs. what it could be with rich alternative technologies for learning? How do old universities rethink “class” instead of “just” repackage learning in a blended environment?
Estácio Participações reported strong third quarter 2011 results with higher student enrollment, revenue, margins and net income compared to the previous year. The company saw a 26% increase in new students, revenue growth of 15.6%, EBITDA growth of 39.1% and net income growth of 22.9%. Margins expanded due to increased revenue and efficiency gains in personnel and administrative costs. Acquired companies also contributed to margin expansion. The results demonstrate the success of Estácio's business model of centralization, scalability and new academic programs.
1. Estacio reported strong growth in 1Q12, with net revenue up 19.9% and net income up 39%. Organic student base growth and recent acquisitions contributed to results.
2. Key metrics like EBITDA and EBITDA margin increased significantly in 1Q12 both overall and excluding acquisitions, demonstrating sustainable growth.
3. Cash costs improved as a percentage of revenue due to personnel cost controls and the end of social security step-ups, while SG&A expenses were well managed.
1) Revenues declined 3.2% in 1Q10 due to a reduction in student base, while costs were well managed resulting in a smaller 1% decline in gross profits.
2) EBITDA and net income declined by 7.9% and 12% respectively due to lower revenues partially offset by cost controls.
3) The company maintained a strong balance sheet and cash generation capabilities to pursue strategic acquisitions for future growth.
The document summarizes the company's 1Q09 earnings release. Some key points:
- Student enrollment increased by 54 thousand in the first semester and the renewal rate was 86%. The student base reached 211 thousand, a 6.4% increase from 1Q08.
- Efficiencies led to reductions in faculty costs and administrative expenses. A more aggressive marketing strategy was pursued.
- Net revenue grew 11.4% to R$264.6 million. EBITDA increased 11% to R$43.1 million while maintaining margins.
- Strong cost controls allowed for increased marketing spending while keeping a conservative approach to delinquent students. Capex was R$6.8 million
The document reports on Estacio Participacoes' financial results for 2009, highlighting increased profitability through EBITDA growth of 21% and an EBITDA margin gain of 1.8 percentage points, as well as continued focus on improving academic quality and pursuing future growth opportunities like distance learning and acquisitions.
Refactoring in Practice - Sunnyconf 2010Alex Sharp
This controller action updates a medical history record and its associated existing conditions. It finds the medical history, sets a default date if needed, then loops through the condition parameters to either create or update the join records. If successful, it redirects with a flash message, otherwise renders the edit view. The code has a complex logic for updating the associated records directly in the controller.
Maailmas on üle 6000 JCI sertifitseeritud koolitaja, neist enam kui 85 on JCI Estonia Treeninginstituudist.
Koolitused JCI kodadele
Mentorluskoolitus, ühe tunni koolitused, koja juhtimine
Koolitused organisatsioonidele
Isiklik areng, meeskonnatöö, juhtimine, müük ja esinemine
Koolitajate väljaõpe
Rahvusvaheliselt tunnustatud sertifikatsioonisüsteem
85 koolitaja väljaõppega
praktikust treenerit.
küsi koolitust - www.jci.ee/ti
In this presentation at SXSWedu in March 2013, Dr. Gigi Johnson explores the fuzzy world of “blended” courses in higher education. She dissects the tensions and tribulations as universities attempt to blend F2F and web-enriched tools in traditional environments, including challenges of time, space, and data politics in research universities, challenges with cost structures and faculty development, and abundant legal and IP issues. What is a class vs. what it could be with rich alternative technologies for learning? How do old universities rethink “class” instead of “just” repackage learning in a blended environment?
Estácio reported strong financial results for 2Q11 and 1H11, with double-digit revenue growth and margin expansion. The company saw organic growth in its on-campus student base and acquired several companies, expanding its total student enrollment. Cash costs were well managed through efficiencies, offsetting inflationary pressures. Selling, general and administrative expenses declined as a percentage of revenue through tighter cost control. Receivables performance improved with a reduction in overdue amounts over 180 days.
- Estácio reported strong growth in 2011, with a 9% increase in on-campus students and 50% growth in distance learning students.
- The company saw 32.3% EBITDA growth and a 1.7 percentage point expansion in EBITDA margin for 2011.
- Estácio continued expanding through acquisitions of 4 companies in 2011 and launched 2 new campuses.
- Key drivers of margin expansion included centralization efforts and scalability of the business model. Average days receivables increased slightly over 2010 levels.
Estácio Participações reported financial results for the fourth quarter and full year of 2010. Key highlights included:
- Revenue was in line with guidance at R$252.5 million for 4Q10 and R$1.016 billion for 2010.
- Recurring EBITDA margin was 10.7% for 4Q10 and 12.5% for 2010, meeting guidance.
- Net income increased 107.5% to R$22.2 million for 4Q10 and 27.1% to R$80.6 million for 2010.
- The distance learning segment grew significantly, reaching 26,200 students in just 18 months.
- Estácio Participações reported strong financial results in 3Q12, with 43% EBITDA growth and a 3.0 percentage point increase in EBITDA margin. Earnings per share grew 26.6% compared to 3Q11.
- The company achieved a record number of new student enrollments in 3Q12, with over 74,000 new undergraduate students. The total student base grew 14.8% compared to 3Q11.
- Cash costs as a percentage of net operating revenue decreased 4.8 percentage points from 3Q11 to 3Q12, demonstrating good control of faculty costs. Operational cash flow was R$61.9 million higher than in 3Q11.
- Estácio Participações reported strong financial results in 3Q12, with 43% EBITDA growth and a 3.0 percentage point increase in EBITDA margin. Earnings per share grew 26.6% compared to 3Q11.
- The company achieved a record number of new student enrollments in 3Q12, with over 74,000 new undergraduate students. The total student base grew 14.8% compared to 3Q11.
- Cash costs as a percentage of net operating revenue decreased 4.8 percentage points from 3Q11 to 3Q12, driven by efficiencies in personnel costs. Operational cash flow was R$61.9 million higher than in 3Q11.
Estácio reported its results for the second quarter of 2010, highlighting growth in key metrics. Revenue increased 3.9% to R$258.2 million driven by a 27.4% rise in distance learning students. Gross margin expanded 1.2 percentage points to 27.6% due to revenue growth and cost control. EBITDA grew 4.5% to R$18.7 million and the EBITDA margin remained flat at 7.2%. However, net income declined 27.8% to R$7.8 million impacted by higher provisions for doubtful accounts. The company continued focusing on quality higher education programs and graduate offerings.
- Estácio reported strong financial results for 2012, with net revenue growth of 20.5% and EBITDA growth of 70.7%.
- Key acquisitions in 2012 expanded Estácio's student base to over 271,000 students.
- Margin gains were achieved through effective cost controls in areas like personnel expenses and the end of an INSS step-up.
- SG&A expenses as a percentage of revenue remained stable due to selling expense reductions offsetting higher provisions for credit losses.
Vivo had a strong third quarter with sustained revenue growth and increased profitability:
- Revenue grew 10.1% to R$4.3 billion due to increased customer base and higher postpaid subscriber growth.
- EBITDA grew 10.1% to R$1.54 billion and margins remained steady at 33.4% due to efficiency gains in acquiring customers.
- Net income increased 80.9% to R$601.8 million as a result of the revenue growth and profitability gains.
This document presents the pro forma consolidated results for CCR for 2010. Key highlights include:
- Net revenue increased 22.2% to R$3.775,9 billion while net income grew 17.5% to R$745,4 million.
- Traffic grew 24% in 2010, with a 12.1% increase without acquisitions. Electronic payment tags increased 38.2%.
- Management proposes distributing R$100,775 thousand in dividends for 2010, resulting in a 126.7% payout ratio.
- In October 2010, CCR acquired SPVias for R$1.3 billion to expand its road network.
This document provides highlights and results from CCR's 4Q07 earnings.
Key highlights include a 6.9% increase in traffic in 4Q07 and 6.2% for 2007. Net revenue increased 11.7% in 4Q07 and 9.7% for 2007. EBITDA grew 16.7% in 4Q07.
Results reflect higher traffic and lower operating costs. Net income decreased 41.6% in 4Q07 due to higher financial expenses. CCR is proposing additional dividends of R$0.50 per share for 2007. Upcoming events include an acquisition of a stake in Renovias.
The company reported a 2.5% increase in energy consumption in 2Q12. Revenues increased 2.8% to R$3.8 billion due to growth in residential and commercial classes. However, EBITDA declined 53.6% to R$244 million due to a 16.3% increase in energy costs. Net income fell 77.8% to R$57 million, impacted by higher energy prices and lower financial results. Operational improvements led to reductions in SAIDI and SAIFI indices. The company continues its efficiency programs to control costs.
The higher net financial result in 3Q11 and 9M11 compared to the same periods of 2010 reflects:
- Increased financial expenses, mainly due to higher interest costs from loans, financing and debentures to support the company's investment plan.
- Exchange variation losses due to appreciation of the US dollar against the Brazilian real impacted the period. However, exchange variation losses decreased compared to 9M10.
So in summary, the higher net financial result was due to increased interest costs from financing growth investments, partially offset by lower exchange variation losses year-over-year. This temporarily affected net profit but supports the company's long-term investment plan.
The document provides operating and financial results for 4Q11. Key highlights include:
- CEMAR's billed energy volume increased 6.1% year-over-year to 1,161 GWh. Energy losses decreased 1 percentage point to 21% of required energy.
- Adjusted EBITDA decreased slightly by 1.7% to R$142 million compared to 4Q10.
- Adjusted net income decreased 9.3% to R$52.9 million year-over-year.
- Investments increased 52% year-over-year to R$191.5 million, with R$141.3 million by CEMAR excluding investments in the Light For All Program.
The document summarizes Vivo's financial and operating performance in 2Q10. Key highlights include:
- Accelerated growth in revenues and EBITDA compared to previous periods. Revenues grew 10.7% and EBITDA grew 10.6% year-over-year.
- Improved customer mix and market share gains led to a more stable and active customer base, driving increased consumption and revenue per user.
- Data services revenue grew significantly, accounting for 19.4% of revenues and fueling overall growth.
- Solid cash generation supported a dividend payment of R$417 million in April 2010 while consolidating Vivo's leadership position in the market.
The document summarizes CCR's 2Q12 earnings results. Key highlights include an 11% increase in net revenues compared to 2Q11, a 13.4% increase in EBITDA with margins up 1.3 percentage points, and a 37.7% increase in net income. Traffic increased by 1.4% while electronic toll collections reached 67.4% of revenues. EBITDA margins expanded due to increased cash generation and cost reductions, including lower concession fees, personnel costs, and maintenance provisions.
CCR reported strong financial results for 4Q11 and full year 2011. Key highlights include:
- Traffic growth of 4.4% in 4Q11 and 10.8% for 2011. Electronic toll collections reached 64.4% in 4Q11.
- EBITDA growth of 31.3% in 4Q11 and 29.9% for 2011, with EBITDA margins expanding significantly.
- Net income increased 1781.9% in 4Q11 and 33.9% for 2011, benefiting from increased traffic and capital discipline.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
The document summarizes the financial results of a company for fiscal year 2011. Some key points:
- Net income for 2011 was RUB 1,594 million, an increase of 2.7 times over the previous year. Total assets grew 10.7% to RUB 183,888 million.
- The corporate and retail loan portfolios increased 14.6% and 46.7% respectively. Client funds grew 11.4% and the loan to deposit ratio improved.
- Net interest margin was 4.3% for 2011, a 64 basis point increase over 2010. Net fees grew 55.5% while cost of risk remained at 1.8%.
- Return on equity for 2011
Vivo reported its financial results for the fourth quarter of 2009. Total revenue increased 3.4% year-over-year to R$16.4 billion, driven by a 5.9% increase in net service revenue to R$15 billion. EBITDA grew 7.2% to R$5.2 billion and net income more than doubled to R$857.5 million. The number of total accesses increased 14.3% year-over-year to 51.7 million. Data usage also grew significantly, with mobile internet users up 58% and data and value-added services revenue increasing 41.5% compared to the previous year.
O resumo do documento em 3 frases ou menos é:
O lucro líquido da Estácio cresceu 10% no 3T17 em comparação com o 3T16, impulsionado por um aumento de 15% no EBITDA. A receita líquida aumentou 5,9% no período, com melhorias nos tickets médios presencial e EAD. A empresa também observou uma melhora na performance da carteira de crédito.
This document summarizes the financial results of Estácio Participações for 3Q17. Net revenue increased 5.9% to R$808.1 million driven by growth in average ticket and a more sustainable student base. EBITDA grew 15% to R$223.6 million and EBITDA margin expanded 2.2 percentage points. Operating cash flow increased significantly to R$360.4 million, up 101.3% compared to 3Q16. The company expects continued growth through opening new distance learning centers and medicine courses.
More Related Content
Similar to Estácio: 1Q11 Conference Call Presentation
Estácio reported strong financial results for 2Q11 and 1H11, with double-digit revenue growth and margin expansion. The company saw organic growth in its on-campus student base and acquired several companies, expanding its total student enrollment. Cash costs were well managed through efficiencies, offsetting inflationary pressures. Selling, general and administrative expenses declined as a percentage of revenue through tighter cost control. Receivables performance improved with a reduction in overdue amounts over 180 days.
- Estácio reported strong growth in 2011, with a 9% increase in on-campus students and 50% growth in distance learning students.
- The company saw 32.3% EBITDA growth and a 1.7 percentage point expansion in EBITDA margin for 2011.
- Estácio continued expanding through acquisitions of 4 companies in 2011 and launched 2 new campuses.
- Key drivers of margin expansion included centralization efforts and scalability of the business model. Average days receivables increased slightly over 2010 levels.
Estácio Participações reported financial results for the fourth quarter and full year of 2010. Key highlights included:
- Revenue was in line with guidance at R$252.5 million for 4Q10 and R$1.016 billion for 2010.
- Recurring EBITDA margin was 10.7% for 4Q10 and 12.5% for 2010, meeting guidance.
- Net income increased 107.5% to R$22.2 million for 4Q10 and 27.1% to R$80.6 million for 2010.
- The distance learning segment grew significantly, reaching 26,200 students in just 18 months.
- Estácio Participações reported strong financial results in 3Q12, with 43% EBITDA growth and a 3.0 percentage point increase in EBITDA margin. Earnings per share grew 26.6% compared to 3Q11.
- The company achieved a record number of new student enrollments in 3Q12, with over 74,000 new undergraduate students. The total student base grew 14.8% compared to 3Q11.
- Cash costs as a percentage of net operating revenue decreased 4.8 percentage points from 3Q11 to 3Q12, demonstrating good control of faculty costs. Operational cash flow was R$61.9 million higher than in 3Q11.
- Estácio Participações reported strong financial results in 3Q12, with 43% EBITDA growth and a 3.0 percentage point increase in EBITDA margin. Earnings per share grew 26.6% compared to 3Q11.
- The company achieved a record number of new student enrollments in 3Q12, with over 74,000 new undergraduate students. The total student base grew 14.8% compared to 3Q11.
- Cash costs as a percentage of net operating revenue decreased 4.8 percentage points from 3Q11 to 3Q12, driven by efficiencies in personnel costs. Operational cash flow was R$61.9 million higher than in 3Q11.
Estácio reported its results for the second quarter of 2010, highlighting growth in key metrics. Revenue increased 3.9% to R$258.2 million driven by a 27.4% rise in distance learning students. Gross margin expanded 1.2 percentage points to 27.6% due to revenue growth and cost control. EBITDA grew 4.5% to R$18.7 million and the EBITDA margin remained flat at 7.2%. However, net income declined 27.8% to R$7.8 million impacted by higher provisions for doubtful accounts. The company continued focusing on quality higher education programs and graduate offerings.
- Estácio reported strong financial results for 2012, with net revenue growth of 20.5% and EBITDA growth of 70.7%.
- Key acquisitions in 2012 expanded Estácio's student base to over 271,000 students.
- Margin gains were achieved through effective cost controls in areas like personnel expenses and the end of an INSS step-up.
- SG&A expenses as a percentage of revenue remained stable due to selling expense reductions offsetting higher provisions for credit losses.
Vivo had a strong third quarter with sustained revenue growth and increased profitability:
- Revenue grew 10.1% to R$4.3 billion due to increased customer base and higher postpaid subscriber growth.
- EBITDA grew 10.1% to R$1.54 billion and margins remained steady at 33.4% due to efficiency gains in acquiring customers.
- Net income increased 80.9% to R$601.8 million as a result of the revenue growth and profitability gains.
This document presents the pro forma consolidated results for CCR for 2010. Key highlights include:
- Net revenue increased 22.2% to R$3.775,9 billion while net income grew 17.5% to R$745,4 million.
- Traffic grew 24% in 2010, with a 12.1% increase without acquisitions. Electronic payment tags increased 38.2%.
- Management proposes distributing R$100,775 thousand in dividends for 2010, resulting in a 126.7% payout ratio.
- In October 2010, CCR acquired SPVias for R$1.3 billion to expand its road network.
This document provides highlights and results from CCR's 4Q07 earnings.
Key highlights include a 6.9% increase in traffic in 4Q07 and 6.2% for 2007. Net revenue increased 11.7% in 4Q07 and 9.7% for 2007. EBITDA grew 16.7% in 4Q07.
Results reflect higher traffic and lower operating costs. Net income decreased 41.6% in 4Q07 due to higher financial expenses. CCR is proposing additional dividends of R$0.50 per share for 2007. Upcoming events include an acquisition of a stake in Renovias.
The company reported a 2.5% increase in energy consumption in 2Q12. Revenues increased 2.8% to R$3.8 billion due to growth in residential and commercial classes. However, EBITDA declined 53.6% to R$244 million due to a 16.3% increase in energy costs. Net income fell 77.8% to R$57 million, impacted by higher energy prices and lower financial results. Operational improvements led to reductions in SAIDI and SAIFI indices. The company continues its efficiency programs to control costs.
The higher net financial result in 3Q11 and 9M11 compared to the same periods of 2010 reflects:
- Increased financial expenses, mainly due to higher interest costs from loans, financing and debentures to support the company's investment plan.
- Exchange variation losses due to appreciation of the US dollar against the Brazilian real impacted the period. However, exchange variation losses decreased compared to 9M10.
So in summary, the higher net financial result was due to increased interest costs from financing growth investments, partially offset by lower exchange variation losses year-over-year. This temporarily affected net profit but supports the company's long-term investment plan.
The document provides operating and financial results for 4Q11. Key highlights include:
- CEMAR's billed energy volume increased 6.1% year-over-year to 1,161 GWh. Energy losses decreased 1 percentage point to 21% of required energy.
- Adjusted EBITDA decreased slightly by 1.7% to R$142 million compared to 4Q10.
- Adjusted net income decreased 9.3% to R$52.9 million year-over-year.
- Investments increased 52% year-over-year to R$191.5 million, with R$141.3 million by CEMAR excluding investments in the Light For All Program.
The document summarizes Vivo's financial and operating performance in 2Q10. Key highlights include:
- Accelerated growth in revenues and EBITDA compared to previous periods. Revenues grew 10.7% and EBITDA grew 10.6% year-over-year.
- Improved customer mix and market share gains led to a more stable and active customer base, driving increased consumption and revenue per user.
- Data services revenue grew significantly, accounting for 19.4% of revenues and fueling overall growth.
- Solid cash generation supported a dividend payment of R$417 million in April 2010 while consolidating Vivo's leadership position in the market.
The document summarizes CCR's 2Q12 earnings results. Key highlights include an 11% increase in net revenues compared to 2Q11, a 13.4% increase in EBITDA with margins up 1.3 percentage points, and a 37.7% increase in net income. Traffic increased by 1.4% while electronic toll collections reached 67.4% of revenues. EBITDA margins expanded due to increased cash generation and cost reductions, including lower concession fees, personnel costs, and maintenance provisions.
CCR reported strong financial results for 4Q11 and full year 2011. Key highlights include:
- Traffic growth of 4.4% in 4Q11 and 10.8% for 2011. Electronic toll collections reached 64.4% in 4Q11.
- EBITDA growth of 31.3% in 4Q11 and 29.9% for 2011, with EBITDA margins expanding significantly.
- Net income increased 1781.9% in 4Q11 and 33.9% for 2011, benefiting from increased traffic and capital discipline.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
The document summarizes the financial results of a company for fiscal year 2011. Some key points:
- Net income for 2011 was RUB 1,594 million, an increase of 2.7 times over the previous year. Total assets grew 10.7% to RUB 183,888 million.
- The corporate and retail loan portfolios increased 14.6% and 46.7% respectively. Client funds grew 11.4% and the loan to deposit ratio improved.
- Net interest margin was 4.3% for 2011, a 64 basis point increase over 2010. Net fees grew 55.5% while cost of risk remained at 1.8%.
- Return on equity for 2011
Vivo reported its financial results for the fourth quarter of 2009. Total revenue increased 3.4% year-over-year to R$16.4 billion, driven by a 5.9% increase in net service revenue to R$15 billion. EBITDA grew 7.2% to R$5.2 billion and net income more than doubled to R$857.5 million. The number of total accesses increased 14.3% year-over-year to 51.7 million. Data usage also grew significantly, with mobile internet users up 58% and data and value-added services revenue increasing 41.5% compared to the previous year.
Similar to Estácio: 1Q11 Conference Call Presentation (20)
O resumo do documento em 3 frases ou menos é:
O lucro líquido da Estácio cresceu 10% no 3T17 em comparação com o 3T16, impulsionado por um aumento de 15% no EBITDA. A receita líquida aumentou 5,9% no período, com melhorias nos tickets médios presencial e EAD. A empresa também observou uma melhora na performance da carteira de crédito.
This document summarizes the financial results of Estácio Participações for 3Q17. Net revenue increased 5.9% to R$808.1 million driven by growth in average ticket and a more sustainable student base. EBITDA grew 15% to R$223.6 million and EBITDA margin expanded 2.2 percentage points. Operating cash flow increased significantly to R$360.4 million, up 101.3% compared to 3Q16. The company expects continued growth through opening new distance learning centers and medicine courses.
Estácio reported financial results for 1Q17 with net revenue increasing 3.8% to R$819 million driven by higher average ticket prices. EBITDA grew 9% to R$214.8 million with margins expanding 1.2 percentage points. Cash flow from operations more than doubled to R$62.3 million due to improved working capital management. The company will continue focusing on sustainable enrollment growth and cost control to generate strong cash flows.
O documento apresenta os resultados financeiros da Estácio no 1T17, com destaque para:
1) Crescimento de 3,8% na receita líquida em comparação com 1T16;
2) Aumento de 9% no EBITDA;
3) Melhorias nos indicadores de ticket médio, taxa de evasão e prazo médio de recebimento.
Estácio reported strong 2Q17 results, with net revenue increasing 9.3% to R$913.4 million and EBITDA margin expanding 10.7 percentage points to 28.6%. Average ticket prices rose 11.7% for on-campus and 27.8% for distance learning students. Operational improvements led to a 26.2% reduction in selling, general and administrative expenses. Management is focused on continuing to execute initiatives to drive efficiencies and expand organically and inorganically.
O resumo das informações financeiras e operacionais da Estácio no 2T17 é:
1) A receita líquida cresceu 9,3% e o EBITDA aumentou 74,9%.
2) A margem EBITDA melhorou 10,7 pontos percentuais.
3) O lucro líquido teve alta significativa, passando de prejuízo para um lucro de R$166,3 milhões.
O documento discute a aquisição da Faculdade de Castanhal (FCAT) localizada no município de Castanhal, no Pará. A FCAT tem 9.225 vagas autorizadas e uma taxa de ociosidade de 78%. A aquisição da FCAT por R$26 milhões alinhada à estratégia de expansão da empresa no Pará e trará sinergias operacionais e qualidade acadêmica.
The document provides an overview of operating and financial performance for 4Q16 and FY2016. Key highlights include:
- Net revenue increased 8.2% in 4Q16 and 8.6% in FY2016. EBITDA grew 109.7% in 4Q16.
- Average receivables days improved from 78 to 66 days for non-FIES and remained high at 213-236 days for FIES.
- Capex was maintained at $78M in 4Q16. Cash flow from operations improved significantly from $3.9M in 4Q15 to $51.7M in 4Q16.
- Goals for 2017 include maintaining organizational culture, redesigning
O documento apresenta os resultados financeiros e operacionais da Companhia no 4T16 e no ano de 2016. Destaca-se o aumento de 8,6% na receita líquida total de 2016 e a melhora no EBITDA de 109,7% no 4T16. Houve redução no prazo médio de recebimento de 12 dias e queda no capex total de 15,9% em 2016.
Estácio Participações is a Brazilian higher education company that has been operating since 1970. In the first half of 2016, Estácio saw increases in its student base, net revenue, and dividends compared to the same period last year. However, EBITDA and net income declined due to higher selling and administrative expenses and non-recurring items. For the remainder of 2016, Estácio's challenges include continuing to improve academic quality while ensuring students' employability through intake, renewal, and communication policies.
The document provides the 2Q16 results presentation for Estácio Participações. It summarizes the new management team, highlights restatements to previous periods and one-off adjustments in 2Q16. It also reviews operational performance, financial performance, and provides final remarks on guidelines for the remainder of 2016 focused on ticket recovery, cost reduction, and cash generation.
Este documento apresenta os resultados financeiros e operacionais da Estácio Participações no 1o semestre de 2016. Resume que a empresa teve crescimento na base de alunos de 8,5% e receita líquida de 9,3%, porém teve queda no lucro líquido de 40,6% devido a ajustes e revisões de controles internos. A empresa também propõe dividendos extraordinários de R$420 milhões.
Este documento apresenta os resultados financeiros da Estácio Participações no 3T16. Destaca um aumento de 7,6% na receita líquida e de 7,2% no lucro líquido em comparação com o mesmo período do ano anterior. Apresenta também as diretrizes estratégicas da empresa para 2017, focando em captação de alunos, redução de custos docentes e geração de caixa.
O documento apresenta os resultados financeiros da Estácio no 2T16. Destaca a nova administração, lançamentos pontuais no trimestre, crescimento na base de alunos, receita líquida e ticket médio presencial. Apresenta também os custos operacionais, prazo médio de recebimento, capitalização, fluxo de caixa e diretrizes para o segundo semestre de 2016, com foco em recuperação de ticket, racionalização de custos e geração de caixa.
The document provides financial and operational results for Estácio Participações for the first quarter of 2016 compared to the first quarter of 2015. Some key highlights include:
- Growth in on-campus and distance learning enrollment.
- 11.4% growth in student base and 9.8% growth in net revenue.
- Adjusted EBITDA increased 9.1% and net income declined slightly by 1.6%.
- Accounts receivable balances and days sales outstanding increased significantly due to growth in FIES financing. However, an agreement with the government established a repayment schedule for outstanding 2015 FIES balances over the next three years.
O documento resume os resultados financeiros do primeiro trimestre de 2016 da Estácio Participações. Houve crescimento da captação presencial e EAD, aumento da receita líquida e da base de alunos, porém queda do lucro líquido. O fluxo de caixa operacional foi negativo devido ao aumento nos contas a receber, compensando a redução no CAPEX. Fatores como taxa de crescimento da receita, estabilização de despesas e pagamento de dívidas podem permitir melhor geração de caixa em 2016.
The document discusses Estácio's potential acquisition of Faculdade Unidas de Feira de Santana (FUFS) in Bahia, Brazil. FUFS has campuses in Feira de Santana with 1,500 current students across 5 programs. It recommends acquiring FUFS to expand Estácio's presence in Bahia, leveraging FUFS's facilities, programs, and proximity to Salvador while achieving operational synergies and cost optimizations. The purchase price is estimated at R$9.5 million Brazilian reals for the acquisition.
The document summarizes Estácio Participações' financial results for 4Q15 and 2015. It highlights growth in student base and net revenue. Recurring EBITDA grew 40.9% in 2015 with margin expansion. Key metrics like net income and earnings per share also increased over 20% from 2014 to 2015. Operational indicators such as student and employee satisfaction surveys showed continuous improvement. The company continued focusing on organic and inorganic growth through acquisitions.
O documento descreve a estratégia de aquisição da Faculdade Unidas de Feira de Santana, localizada na segunda maior cidade da Bahia. A IES possui 1.500 alunos matriculados e taxa de ociosidade de 46%, com potencial para crescimento após a aquisição pela Estácio. O preço sugerido é de R$9,5 milhões, com pagamento parcelado de R$6,5 milhões à vista e R$3 milhões em parcelas indexadas à inflação.
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2. HIGHLIGHTS
Expansion of the student base following the second cycle of RECORD-HIGH
ENROLLMENT
Addition of 73,500 new students (+24.4%)
Expansion of 11.6% in the total student base
Greater efficiency in the main cost and expense lines
Start of consolidation phase, with synergic and strategic acquisitions
2
3. RESULTS’ HIGHLIGHTS
Continued growth and margin gains:
EBITDA margin expansion of 2 p.p.
Main Indicators (R$ MM) 1Q10 1Q11 Change
Net Revenue 256.0 275.8 7.7%
Recurring EBIT 32.3 38.7 19.8%
Recurring EBIT Margin 12.6% 14.0% 1.4 p.p.
Recurring EBITDA 39.6 47.9 21.0%
Recurring EBITDA Margin 15.5% 17.4% 1.9 p.p.
Net Income 25.6 28.7 12.1%
Recurring Net Income 31.3 33.1 5.8%
3
4. RECORD ENROLLMENT
STUDENT ENROLLMENT
Improvement in Brand Image On-Campus (In thousand students)
Distance Learning
Perception of Quality/Excellence Total Student
73.5
Management – Engagement/Discipline +24.4%
59.1
Estacio Cup and Variable Payment 12.0
10.2
61.5
48.9
GROWTH IN
ENROLLMENT 1Q10 1Q11
4
5. OPERATING PERFORMANCE – STUDENT BASE
STUDENT BASE – EDUCATIONAL SEGMENT
On-Campus (In thousand students)
Distance Learning
Total Student Base
241.4
+11.6%
216.4
30.9
16.4
+5.3%
200.0 210.5
1Q10 1Q11
31,000 Distance Learning students at the end of 1Q11
25% growth in FIES student base from 4Q09, totaling 8,100 students in 1Q11
5
6. OPERATING REVENUE
OPERATING REVENUE
(In R$ million)
Growth of 5.3% in the on-campus average ticket
398.2
Passthrough of inflation in the on-campus average ticket
+9.0%
365.4
122.4
109.4
+7.7%
(R$) 1Q10 1Q11 Change
256.0 275.8
Average On-Campus Ticket 412.9 434.8 5.3%
Average Distance Learning Ticket 166.7 171.4 2.8%
1Q10 1Q11 * Average on-campus ticket excluding the acquisitions of FAA and FAL.
Net Revenue Deductions Gross Revenue
6
7. CASH COSTS
Vertical Analysis (% Net Operating Revenue) 1Q10 1Q11 Change
Recurring Cash Cost* -62.0% -61.2% +0.8 p.p.
Personnel -39.1% -38.4% +0.7 p.p.
Brazilian Social Security Institute (INSS) -8.0% -8.8% -0.8 p.p.
Rentals, Condominium Fees and Municipal
-9.2% -9.1% +0.1 p.p.
Property Tax
Textbooks Materials -0.9% -1.1% -0.3 p.p.
Others -4.7% -3.7% +1.0 p.p.
* Cost of Services excluding non recurring and depreciation.
Perssonnel eficiency offsets Brazilian Social Security Institute (INSS) step-up
Budget Matrix reflects on Rentals and Others
Textbooks Materials: new internal structure
7
10. EBITDA AND NET INCOME
EBITDA NET INCOME
(In R$ million) (In R$ million)
17.4%
+21.0%
15.5%
47.9 12.2% 12.0%
39.6 +5.8%
31.3 33.1
1Q10 1Q11 1Q10 1Q11
Recurring EBITDA Margin Recurring EBITDA Recurring Net Margin Recurring Net Income
10
11. CASH FLOW
Recurring Operational Cash Flow
1Q11 CASH FLOW
(In R$ million)
¹ Financial Result except Operating Financial Result (-R$4.2 million) + Financing (+R$1.8 million)
² Composition of Investments: Acquisition Goodwill (-R$15.5 million) + Fixed Assets at FAA and FAL (-R$3.2 million) + Expansion CAPEX (-R$5.9 million)
11
13. OUTLOOK
• Ensure a high-quality education on a sustainable basis on a
national scale
Quality • Content
• Tools and processes
• People
• Technology as a key competitive advantage: distribution of content
Technology
and relations with students
Efficiency • Generate margin expansion through better control of costs and
Gains continued organic growth
Acquisitions • Value accretion through scalability and assets that complement the
current portfolio
13
14. IR CONTACTS
Investor Relations:
Flávia de Oliveira
Email: flavia.oliveira@estacio.br
Phone: +55 (21) 3311-9789
Fax: +55 (21) 3311-9722
Address: Av. Embaixador Abelardo Bueno, 199 – Office Park – 6th floor
CEP: 22.775-040 – Barra da Tijuca – Rio de Janeiro – RJ – Brazil
Website: www.estacioparticipacoes.com/ir
This presentation may contain forward-looking statements concerning the industry’s prospects and Estácio Participações’ estimated financial and operating results;
these are ere 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. We are a holding company. and our only assets are our interests in SESES. STB. SESPA. SESCE. SESPE. SESAL. SESSE. SESAP. UNEC. SESSA and
IREP. and we currently hold 99.9% of the capital stock of each of these subsidiaries. Considering that the Company was incorporated 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. is subject to the applicable taxation rules applied to the remaining subsidiaries.
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.
14