Anhanguera reports 1Q14 results

Valinhos, May 6th, 2014 - Anhanguera Educacional Participações S.A. (BM&FBOVESPA: AEDU3; Bloomberg: AEDU3:BZ) announces its results for the first quarter of 2014 (1Q14). The Company's operating and financial data are presented on a consolidated basis and in Brazilian reais, in accordance with International Financial Reporting standards ("IFRS"), except where stated otherwise. The information contained here is related to the Company's performance in the first quarter of 2014 (1Q14) compared to the first quarter of 2013 (1Q13), except where stated otherwise.

Highlights

• 8.9% increase in the Degreed Students' Base (same stores)
a) +7.9% Learning Centers (Degreed Students) / -34.0% Learning Centers (Non-Degree vs. 1H13 / +19.4% vs. 2H13)
b) +9.2% in Campuses
• FIES: over 141 thousand students in Mar/14(+62.4% vs. Mar/13)
• Growth of 24.0% in gross profit, with a 3.1p.p upturn in margin
• Gross margin expansion in campuses and learning centers in 1Q14: 5.0p.p in 2010/11 acquisitions, 1.8p.p in remaining campuses and 4.9p.p. in learning centers
• 21.0% growth in Adjusted EBITDA in the quarter, which reached R$153.3 million
• 22.1 thousand students enrolled in Pronatec - 49% in the morning shift, 18% in the afternoon shift and 33% in the evening shift
• Increase of 147% in Cash After Investments

To access the full Earnings Release, click here.

distributed by