Sign in

    Andre Salles • UBS

    Andre Salles's questions to Afya Ltd (AFYA) leadership

    Andre Salles's questions to Afya Ltd (AFYA) leadership • Q4 2024

    Question

    Andre Salles asked about the sustainability of Afya's newly announced dividend policy and inquired about the key drivers necessary for the company to reach the lower end of its 2025 top-line guidance.

    Answer

    CFO Luis Andre Blanco clarified that a formal, ongoing dividend policy has not been established, but the company's capital allocation priorities remain unchanged, focusing on organic growth and inorganic opportunities like acquiring 200 medical seats per year. He stated the 2024 dividend was an opportunistic decision based on strong performance and expressed high confidence in achieving the 2025 guidance.

    Ask Fintool Equity Research AI

    Andre Salles's questions to Afya Ltd (AFYA) leadership • Q3 2024

    Question

    Andre Salles asked for an update on the restructuring efforts in the Continuing Education and Medical Practice Solutions segments and whether further margin expansion is expected. He also asked for clarification on Afya's M&A strategy regarding regional priorities.

    Answer

    CFO Luis Andre Blanco explained that initial margin gains came from unifying product management structures, and future expansion will stem from operational leverage as the businesses scale. Executive Renata Couto cautioned that the overall margin will be influenced by the business mix. Regarding M&A, Mr. Blanco clarified that Afya prioritizes institutions highly concentrated in medicine that meet IRR targets, rather than focusing on specific geographic regions.

    Ask Fintool Equity Research AI