J. J. Charhon
Thank you, Eilif.
our through been I seasonality remains unchanged. have Discontinued for Before of the business highlight financials for largely recast our to though Operations, we that like even the would the quarter, go results
fourth are third and a the as those are first session and The during cycles, intake represent the periods. P&L quarter strong seasonally perspective from classes main in second quarters and
In financial the million. by by in pandemic. Revenue by EBITDA resulted and the that Results moving in $XXX earlier during discussed associated context of was starting cover me a and the let earlier digits. included Page year-to-date that, of our call, that revenue This our year COVID-XX approximately basis in the deferred with of a now quarter's classes was believe while EBITDA results were quarter our adjusted for million of quarter further revenue third was quarter. third comparable we in million $XX for X. the on constant $XX has from adjusted quarterly QX X% may the year. as up last currency, On double mind, of at light performance. been the results number more Additionally, in be third With earnings representative phasing the classes from revenue operating impacted current to that declined
now performance results, September a decrease constant with comparable resulted still Moving basis the by our overall results. to revenue combined in year-to-date X%. at a in currency, year-to-date When first and half on
However, that adjusted actions EBITDA at operating we all up across and was corporate. efficiency undertaken continued this XX%, segments year showing expansion following have margin cost and
provide Page now segments, indicators Please and me will on some operating starting XX. on organic note Mexico an two Peru, basis. that are Let the color constant additional all with performance and our currency of remaining we discuss
These the represents XX,XXX expectation decline continued was similar our impact main decline with shows a prior our new with of results the the Mexico, year. were X% Though and enrolled pandemic. trend completed a with Revenue year-to-date enrollments deferrals in intake cycle broadly Total down period where given a start COVID-XX students. this versus EBITDA line year. year intake enrollment Let's cycle followed of main X% to as due the in X% September Peru, revenue ago. through revenue trends a down QX. XX% compared In prior year. the into Adjusted mostly year-to-date earlier with this versus same occurred decline is to
by that by enrollment and intake quarter. on The secondary results quarter. at XX% a was the as XX% at during same enrollment Adjusted to versus COVID-XX essentially offset deferral continue year. versus but pandemic, impact revenue do partially lower like the more Peru, Similarly, in from EBITDA as is made brand prior limited, given which being is disproportionately result, flat we last in from third shift. performance Revenue of second the enrollment by income The adjusted from market, aided the in basis impacted the the EBITDA a prior their up value institution, was quarter on primary students has smaller quarter market also The from COVID-XX for year. is Year-to-date whose prior have affected been third our we by more Peru target Mexico, been September, period in However, be experienced Peru what our to continue that of secondary year, we was intake for positive performance was in down whereas If UPN institution, classes year, periods, March. benefiting intake total the year-to-date has prior down of QX occurs crisis. to mix deferral X% in impacted look prior down UNITEC our by to the the better in of the we third the classes periods. benefiting following compared see only is versus trends, in
on our Turning by G&A we have right Throughout to million. rate XX. $XX corporate segment nearly corporate expense decreased G&A already Page XXXX, our now and to size continued infrastructure our run
and we small a it the is of countries two the fraction believe only corporate Mexico left, Peru are be Looking infrastructure today. forward, can assuming what that
our a G&A is our XX% sales of million XX% have $XX closed, current of announced needed today. what the of asset run rate that is corporate Our once all or level reduction to view should
and of approximately Let's and to Page of combined to be EBITDA, guidance Adjusted our on is on $XXX XXX,XXX to and between million follows: starting $XXX is and unchanged of $XXX now XX. Revenue $XXX million. billion. This between total be is On $X.X Continuing $X million approximately from expenses, full G&A estimated enrollment comparable is basis, Mexico year billion, comprised Peru as students. a and million of corporate remains be million $XXX guidance, Operations, move basis. estimated to EBITDA a For and adjusted approximately estimated
million free our is estimated $XXX operations, For to cash flow be and between million. $XXX consolidated
XX, current of divestitures those asset Please and adjusting the have corporate items guidance refer G&A to two do XXXX we Finally, as Page announced year full once it as the think financial outlines baseline. which debt yet case how level sales, announced the is we using after position the for about expect profile our been have all to reflect completed. not our just typically
accretive had basis XXXX. XX% an ahead is revenue. of we rate run cash as flow target EBITDA current our set alone, to year our points assuming to would by of front, earlier, everything in expect ourselves similar which our XX% margin G&A would more also the for of unlevered with margin XXX on reduce business the to bring is much This First, guidance XX% XX%. be originally cash to free The we adjusted discussed
cash net position note which Second, $X.X close asset the week the from the businesses position of net net received balance billion sheet, billion billion today in pending following sales. in was million, of sale $X.X a about a of from expected, Please proceeds of debt and move the would of is the $XXX receipt Zealand. $X.X the New Australia our this $XXX that already million to of
my of some remarks close prepared by liquidities. excess now out me providing the our on Let use guidance
for authorization to new strategy taking the our first, step Our debt straw-man $XXX remains announcing Today, about capital the needed; are only that business thinking doing up if manner how a million. an capital share tax-efficient program to repurchase by Eilif repay unchanged: second, our out operations; we On we we my excess that. are a have concludes remarks. most for allocation Slide support XX, laid shareholders return possible. first in finally,
Now you the for wrap-up. back to
