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| 2 Legal Disclaimer This presentation by Vitru Limited (the “Company”) contains forward - looking statements pursuant to the Securities and Exchange Commission (SEC) Private Securities Litigation Reform Act of 1995 , and such statements involve risks and substantial uncertainties .. All statements that are not historical facts may be considered forward - looking, including risks and uncertainties related to statements about the impact of the COVID - 19 outbreak on general economic and business conditions in Brazil and worldwide and any restrictive measures imposed by government authorities in response to such outbreak ; our ability to implement, in a timely and efficient manner, any measures necessary to respond to or reduce the impacts of the COVID - 19 outbreak on our business, operations, cash flow, prospects, liquidity and financial condition ; our ability to effectively anticipate and react to temporary or lasting changes in consumer behavior resulting from the COVID - 19 outbreak, including after the outbreak has been sufficiently brought under control ; our competition ; our ability to implement our business strategy ; our ability to adapt to technological changes in the education sector ; the availability of government authorizations on terms and conditions and within periods acceptable to us ; our ability to continue attracting and retaining new students ; our ability to maintain the academic quality of our programs ; our ability to maintain relationships with our hub partners ; our ability to collect monthly tuition fees ; the availability of qualified personnel and the ability to retain such personnel ; changes in government regulations applicable to the education sector in Brazil ; government interventions in programs in the educational sector that may affect the economic or tax regime, the collection of monthly tuition fees or the regulatory framework applicable to educational institutions ; a decline in the number of students enrolled in our programs or the tuition fee we may charge ; our ability to compete and conduct our business in the future ; the success of operational initiatives, including advertising and promotional efforts and the development of new products, services and concepts by us and our competitors ; changes in consumer demands and preferences and in technological development, and our ability to innovate to respond to such changes ; changes in labor, distribution and other operating costs ; our compliance with and changes in government laws, regulations and tax matters that currently apply to us ; general market, political, economic and business conditions ; and our financial goals .. Forward - looking statements, by their nature, address matters that are, to varying degrees, uncertain, such as statements about the potential impact of the COVID - 19 pandemic on our business operations, financial results and financial conditions and on the Brazilian economy .. Forward - looking statements can be identified, in certain instances, through the use of words such as “believe”, “may”, “could”, “is intended to”, “will”, “aim", "estimate", "continue", "anticipate", "intend", "expect", "forecast", "plan", "predict", "potential", "aspiration", "should", "purpose" , “belief” and the like, or variations thereof, or the negative version of such words and phrases .. Forward - looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them in light of new information or future developments or to publicly release any revisions to these statements to reflect later events or circumstances or to reflect the occurrence of unforeseen events .. Achievement or success of matters related to such forward - looking statements involves known and unknown risks, uncertainties and assumptions .. If such risks or uncertainties materialize, or if any of the assumptions are incorrect, our results could differ materially from results expressed or implied in the forward - looking statements we make .. Readers should not rely on forward - looking statements as predictions of future events .. Forward - looking statements represent the management's beliefs and assumptions only as of the date such statements are made .. More information about these and other factors that could affect the Company's financial results is included in filings made with the United States Securities and Exchange Commission ("SEC") from time to time, including the section entitled "Item 3 .. Key Information – D .. Risk Factors” in the most recent Annual Report on the Company's Form 20 - F .. These documents are available in the SEC Filings section of the investor relations section of our website : investors .. vitru .. com .. br .. In addition to IFRS financials, this presentation includes certain summarized, unaudited and non - GAAP financial information .. These summary, unaudited, or non - GAAP financial measures are in addition to and do not replace or supersede financial performance measures prepared in accordance with IFRS .. The non - GAAP financial measures used by the Company may differ from the non - GAAP financial measures used by other companies .. A reconciliation of these measures to the most directly comparable IFRS measure is included in the Appendix to these slides .. A description of how we define and calculate these non - GAAP financial measures and a discussion of the limitations of these non - GAAP financial measures are included in filings made with the United States Securities and Exchange Commission ("SEC") from time to time, including the section entitled “Presentation of Financial and Other Information” in the most recent Annual Report on the Company's Form 20 - F .. These documents are available in the SEC Filings section of the investor relations section of our website : investors .. vitru .. com .. br References in this presentation to “R $ ” are to the Brazilian real, the official currency of Brazil .. |