Vasta Platform Limited

contemplated by these forward-looking statements. Forward-looking statements in this presentation include, but are not limited to, statements related to our business and financial performance, expectations for future periods, our expectations regarding our strategic product initiatives, and their related benefit and our expectations regarding the market. Forward-looking statements are based on our management's beliefs and our assumptions and on information currently available to our management. These risks include those set forth in the press release that we are issuing today, as well as those more fully described in our filings with the Securities and Exchange Commission. 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 obligation to update any forward-looking statements, except as required by law. In addition, management may reference non-IFRS financial measures on this call. The non-IFRS financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with IFRS. I would now like to turn the call over to Cesar Silva, CFO. Please go ahead.

Good evening, everyone, and thank you for joining us in this conference call to discuss Vasta Platform's fourth quarter of 2024 results. I'm Cesar Silva, Vasta's CFO, and today we have the presence of Guilherme Mellega, Vasta's CEO, who will be joining me on the call. Let me now hand over the floor to Guilherme Mellega, our CEO, to make his opening statements.

Thank you, Cesar. Thank you all for participating in our earnings release call. I'd like to cover slide number three with some highlights of the 2024 fiscal year. I'm pleased to share our progress and achievements we have made. 2024 has been marked by significant milestones across our business, reflecting our unwavering commitment to delivering value to our customers, students, shareholders, and stakeholders. In 2024 fiscal year, our net revenue increased by 13% to reach R$1.674 billion. This growth was primarily driven by the successful conversion of our annual contract value, ACV, into revenue and achieved R$1.462 billion, a 14% increase compared to 2023. It is worth mentioning the good performance of our B2G business unit and the continuity of our complementary solution expansion with a 20% growth over 2023. Our focus on operational efficiency and cost savings has yielded results. The adjusted ABTDA for 2024 fiscal year grew by 13% to 580 million reais. with a margin of 30.4%. These gains were driven by a favorable sales mix, benefiting from the growth of our subscription products. Our cash flow generation has achieved 215 million reais, a 14% increase from 2023. The last 12 months, free cash flow to adjusted ABTDA conversion rate improved from 41.8% to 42.4%, reflecting our sustained efficiency measures. Besides the results in financial area, I would like to highlight some commercial and strategic achievements from this year. Our B2G segment continues to be a significant growth avenue, generating 105 million in revenue for the year, a 29% increase compared to 2023. we remain confident on our strategy to positively impact public education, as evidenced by the improved in 2023 TAEBI scores for the state of Farah. The Start a Bilingual School franchise, launched in 2023, has also shown impressive progress. We ended the year with 40 signed contracts and seven operational units. with a strong pipeline of over 350 prospects. This will reinforce the value generation capacity of our brand and our strategic expansion into new revenue streams. Our technology platform, Plural, has reached a new stage of development. Starting in 2025, it features an intelligent assistant powered by AWS, named Blue. This assistant will provide personalized learning experience for students and streamline activities for teachers, enhancing the overall educational experience. I will now turn back to Cesar Silva to talk about the financial results of the Quarton in 2024 fiscal year.