Laureate Education(LAUR)

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Laureate Education(LAUR) - 2021 Q2 - Earnings Call Presentation
2021-08-09 16:49
Second Quarter 2021 Earnings Presentation August 5, 2021 LAUREATE EDUCATION INC® © 2021 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate's actual resul ...
Laureate Education(LAUR) - 2021 Q2 - Earnings Call Transcript
2021-08-07 21:35
Laureate Education, Inc. (NASDAQ:LAUR) Q2 2021 Results Conference Call August 5, 2021 8:30 AM ET Company Participants Adam Morse - Senior Vice President, Finance Eilif Serck-Hanssen - President and Chief Executive Officer Rick Buskirk - Chief Financial Officer Conference Call Participants Adam Parrington - Stifel Bill Goldman - Cetus Capital Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2021 Laureate Education Earnings Call. [Operator Instructions] I would now like to turn ...
Laureate Education(LAUR) - 2021 Q2 - Quarterly Report
2021-08-05 11:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2021 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission File Number: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) | Delaware | 52-1492296 | | -- ...
Laureate Education(LAUR) - 2021 Q1 - Earnings Call Transcript
2021-05-08 04:05
Financial Data and Key Metrics Changes - Revenue for Q1 2021 was $195 million, with Adjusted EBITDA at $10 million, reflecting a 5% increase in revenue on a comparable basis due to favorable intake in Peru and a shift in the academic calendar [13][14] - Adjusted EBITDA increased by $39 million compared to the prior period, primarily due to strong intake results from Peru and timing of expenses [14][16] Business Line Data and Key Metrics Changes - In Mexico, revenue decreased by 11% year-over-year due to a smaller intake cycle and a shift towards online offerings, which have lower average revenue [15] - In Peru, new enrollments increased by 11% year-over-year, with revenue up 68% on a constant currency basis, driven by increased enrollments and a positive mix of premium and value brands [16] Market Data and Key Metrics Changes - The overall enrollment in Mexico was down 5% year-over-year, while total enrollments in Peru increased by 10% [15][16] - Vaccination rates in Mexico and Peru are lagging behind the U.S., with less than 5% of the population fully vaccinated, impacting the macroeconomic recovery [6] Company Strategy and Development Direction - The company is focused on completing its transformation into a regional operator in Mexico and Peru, with plans to close the sale of operations in Brazil and Walden University [21] - The company is committed to returning capital to shareholders through stock buybacks, with an expansion of the stock repurchase plan to $500 million [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for the year despite uncertainties from the pandemic and foreign exchange rates, maintaining guidance for 2021 and 2022 [6][18] - The company is cautiously optimistic about the upcoming enrollment cycle in Mexico, with significant visibility expected by the second quarter earnings release [25] Other Important Information - The company completed the divestiture of operations in Honduras and anticipates net proceeds of approximately $1.95 billion from pending transactions [9][17] - As of March 31, the company's net debt position was $286 million, with total shares outstanding at approximately 196 million [17] Q&A Session Summary Question: Confirmation of semester timing impact in Peru - The quantification of the semester timing impact was confirmed as $15 million in revenue and $15 million on EBITDA [24] Question: Expectations for operating cadence in the second half of the year - Management indicated that they are off to a good start with the enrollment cycle in the Southern Hemisphere and will have better clarity on the Northern Hemisphere intake by June-July [25]
Laureate Education(LAUR) - 2021 Q1 - Earnings Call Presentation
2021-05-06 16:50
Financial Performance - Q1 2021 net loss was $165 million, impacted by Laureate tradename impairment and discrete tax items[9] - Q1 2021 Adjusted EBITDA was $10 million, ahead of expectations due to Peru intake and expense timing[9] - The company reaffirms full-year 2021 guidance and 2022 outlook[9] - An additional $1.95 billion of net proceeds is expected from signed asset sales during 2021[9] - The company announced a $200 million increase in share repurchase authorization, bringing the total to $500 million[9] Segment Results - Mexico's Q1 2021 revenue decreased by 11% organically to $135 million, impacted by lower enrollments and mix shift[19] - Mexico's Q1 2021 Adjusted EBITDA was $17 million, a 1% organic increase, with revenue softness offset by cost controls[19] - Peru's Q1 2021 revenue increased by 68% organically to $57 million, with a 19% adjustment for timing[20] - Peru's Q1 2021 Adjusted EBITDA improved by $38 million year-over-year to $12 million, driven by timing and strong intake[20] Future Outlook - The company anticipates $280 million Adjusted EBITDA from Mexico and Peru operations in 2022[10] - The company expects $1.95 billion of net proceeds from the sales of Walden and Brazil[10]
Laureate Education(LAUR) - 2021 Q1 - Quarterly Report
2021-05-06 11:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission File Number: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) | Delaware | 52-1492296 | | - ...
Laureate Education(LAUR) - 2020 Q4 - Earnings Call Transcript
2021-02-28 11:45
Laureate Education, Inc. (NASDAQ:LAUR) Q4 2020 Earnings Conference Call February 25, 2021 8:30 AM ET Company Participants Adam Morse - Senior Vice President, Finance Eilif Serck-Hanssen - President and Chief Executive Officer J.J. Charhon - Chief Financial Officer Conference Call Participants Matt Swope - Baird Operator Ladies and gentlemen thank you standing by, and welcome to the Laureate Education's Fourth Quarter and Year-end Earnings Conference Call. At this time, all participants are in a listen-only ...
Laureate Education(LAUR) - 2020 Q4 - Earnings Call Presentation
2021-02-26 19:03
Fourth Quarter & Year-End 2020 Earnings Presentation February 25, 2021 LAUREATE EDUCATION INC® © 2021 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate' ...
Laureate Education(LAUR) - 2020 Q4 - Annual Report
2021-02-25 12:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 OR ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________. Commission File Number: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) | Delaware | | | 52-1492296 | | -- ...
Laureate Education(LAUR) - 2020 Q3 - Earnings Call Presentation
2020-11-09 20:02
Third Quarter 2020 Earnings Presentation November 5, 2020 LAUREATE EDUCATION INC® © 2020 Laureate Education, Inc. 1 Forward Looking Statements This presentation includes statements that express Laureate's opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ''forward-looking statements'' within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate's actual resu ...