Lucas Dai Nagano's questions to Laureate Education Inc (LAUR) leadership • Q2 2025
Question
Lucas Dai Nagano of Morgan Stanley inquired about the development of Laureate's online learning programs in Peru, its comparison to Mexico, and details on new campus openings, including their locations, brands, demand, and impact on capital expenditures.
Answer
President & CEO Eilif Serck-Hanssen explained that Peru's online segment is growing in the double digits post-regulatory changes, mirroring Mexico's successful model. He confirmed two new campuses opening in September: a Unitech campus in Monterrey, Mexico, and a UPN campus in Lima, Peru. He also outlined the capital expenditure model, stating that supporting enrollment growth of around 6% requires CapEx of approximately 5% of revenue, which accommodates one to two new campus launches per year.