SÃO PAULO--(BUSINESS WIRE)--Vasta Platform Limited (NASDAQ: VSTA) today announces that it will report fourth quarter and full year 2023 financial results for the period ended December 31, 2023, after the market closes on Wednesday, March 20, 2024. The Company will host a corresponding conference call and webcast on the same day, March 20, at 5:00 p.m. Eastern time. Investors may listen to the conference call (ID: 3871721) by dialing 1 (888) 660-6819 or 1 (929) 203-1989. Brazil dial-in options are also avai ...

Marcelo Werneck - IR Lucas Nagano - Morgan Stanley Ladies and gentlemen, thank you for standing by. My name is Bhavesh, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Vasta Platform Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] The forward-looking statements in this presentation are based on the information available to us as of today. You should not rely on them as predictions of the future events, and we disclaim any obliga ...

Vasta Platform Limited (NASDAQ:VSTA) Q2 2023 Earnings Call Transcript August 9, 2023 5:00 PM ET Company Participants Marcelo Werneck - IR Guilherme Melega - CEO Conference Call Participants Marcelo Santos - JP Morgan Lucas Nagano - Morgan Stanley Operator Hello, and welcome to the Vasta Platform second quarter 2023 financial results. My name is Krista, and I'll be the conference operator today. During today's presentation, our executives will make a forward-looking statement. Forward-looking statements gene ...

Exhibit 99.2 VASTA Platform Limited Unaudited Condensed Interim Consolidated Financial Statements Six-months period ended June 30, 2023 1 Vasta Platform Limited Unaudited Condensed Interim Consolidated Financial Statements as of six-months period ended June 30, 2023 In thousands of R$, unless otherwise stated CONTENT | Unaudited Condensed Interim Consolidated Financial Statements as of six-months period ended June 30, 2023 Page | | | --- | --- | | Unaudited Condensed Interim Consolidated Statements of Finan ...

Guilherme Melega We know that our country is very unequal in providing quality education for part of the population we won't increase inequality, which does not speak to our ESG agenda as we can certainly capture good results by entering the public sector. The total addressable market for the public sector is more than R$406 billion. Our initial assessment taken into consideration the areas of prioritization and our penetration capacity, we estimate a prioritize service addressable market of R$1.9 billion. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR Commission file number: 001-39415 Vasta Platform Limited (Exact name of Registrant as specified in its charter) Not applicable (Translation of Registrant's name into English) Cayman Islands (Jurisdiction of incorporation or organization) Av. Paulista, 901, 5th Floor Bela Vista São Paul ...

| --- | --- | |-------|-------| | | | | | | DISCLAIMER 2 This presentation contains forward-looking statements that can be identified using forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. Forward-looking statements appear in several places in this presentation and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our managemen ...

Financial Data and Key Metrics Changes - Vasta Platform reported a 39% growth in subscription revenue, totaling R$1.12 billion for the fiscal year 2022, with a net revenue increase of 33% to R$1.264 billion [9][10] - Adjusted EBITDA more than doubled to R$375 million, with a margin increase of 10.5 percentage points to 29.7% [11][19] - Free cash flow improved significantly to R$112 million in 2022, compared to a consumption of R$94 million in the previous year [13][24] Business Line Data and Key Metrics Changes - Subscription revenue grew 39% organically, while non-subscription revenue remained flat at 11% of total revenue [10][17] - Complementary solutions saw a 58% growth compared to the previous year, indicating a successful migration of customers to subscription products [10][30] - Adjusted net profit for the fourth quarter of 2022 was R$73 million, a 35% increase from the same quarter in 2021 [23] Market Data and Key Metrics Changes - The average payment terms for accounts receivable improved to 187 days, a reduction of 5 days year-on-year [27] - The net debt position increased to R$1.042 billion, with a net debt to adjusted EBITDA ratio of 2.78x, showing a downward trend for four consecutive quarters [28][29] Company Strategy and Development Direction - The company aims to enhance its premium brands and complementary solutions, which are expected to drive future growth [30][32] - Vasta has initiated a partnership with Start-Anglo to promote bilingual education, indicating a strategic move towards innovative educational solutions [37] - The company is committed to ESG initiatives, including signing the UN Global Compact and launching programs for diversity and sustainability [35][36] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2023, expecting stable margins around 30% despite cost pressures [44] - The churn rate is primarily associated with low-end schools, while premium brands maintain a low churn rate of 1% to 2% [46] - The competitive landscape remains fierce, but pricing strategies have not significantly weakened [49][50] Other Important Information - The transition of CEO from Mário Ghio to Guilherme Melega was announced, with Ghio remaining on the Board [40][41] - The company reported a significant improvement in operational results and working capital dynamics, contributing to the positive cash flow [13][24] Q&A Session Summary Question: Margin outlook for 2023 and components of churn - Management sees room for margin improvement, expecting to maintain around a 30% margin despite cost pressures [44] - Churn is primarily related to low-end schools, with no significant increase in churn for complementary products [46] Question: Breakdown of ACV growth and competitive landscape - The competitive environment remains stable, with a low double-digit price increase contributing to ACV growth [49] - Premium brands continue to drive ACV growth, with schools seeking quality over pricing [50]

Exhibit 99.2 VASTA PLATFORM LIMITED Unaudited Condensed Interim Consolidated Financial Statements Nine-month period ended September 30, 2022 1 VASTA Platform Limited Unaudited Condensed Interim Consolidated Financial Statements Content | Consolidated statement of financial position | 3 | | --- | --- | | Consolidated interim statement of profit or loss and other comprehensive income | 5 | | Consolidated interim statement of changes in equity | 6 | | Consolidated interim statement of cash flows | 7 | | Notes ...

Financial Data and Key Metrics Changes - Subscription revenue grew by 38% year-on-year, totaling BRL 1.024 billion, exceeding the ACV guidance by 2.4% [8][9] - Net revenue increased by 30% in the 2022 commercial cycle, with EBITDA reaching BRL 336 million and a margin expansion of 10 percentage points to 29% [10][18] - Free cash flow improved significantly to BRL 55 million, compared to a consumption of BRL 190 million in the previous cycle [11][22] Business Line Data and Key Metrics Changes - Subscription revenue now represents 88% of total revenues, with a quarter-on-quarter growth of 76% [13][16] - Non-subscription revenue declined by 12%, now accounting for only 12% of total revenue [17] - Complementary solutions saw a 77% growth compared to the last cycle, indicating strong performance in this segment [9][39] Market Data and Key Metrics Changes - The 2023 preliminary ACV guidance is set at BRL 1.230 billion, reflecting an organic growth of 20% compared to the 2021 cycle [31] - The first half of 2022 accounted for 68% of total ACV, showing a more balanced revenue recognition throughout the quarters [14] Company Strategy and Development Direction - The company is focusing on reducing exposure to paper-based textbooks and enhancing its portfolio of administrative services through acquisitions like Educbank [29][31] - The strategy emphasizes the growth of premium brands and complementary solutions, which are expected to drive future revenue growth [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the performance of the next commercial cycle, citing strong growth in premium brands and complementary solutions [45] - The company aims to maintain cost efficiency while improving margins, which have increased by 10 percentage points in the current cycle [45] Other Important Information - The company reported a net debt position of BRL 980 million, with a declining net debt to EBITDA ratio of 2.92x [25] - The Afro Internship Program was launched to enhance diversity within the organization, with 13 hires made so far [34][35] Q&A Session Summary Question: Performance of Complementary Solutions - Management indicated that Complementary Solutions are the main driver for growth, with over 70% growth in the last commercial cycle and strong expectations for the next cycle [39][40] Question: Adoption of Complementary Solutions - Only 3% of partner schools are currently adopting two or more complementary solutions, indicating significant growth potential in this area [40]