3

LTM Adjusted EBITDA Margin ex. IFRS16 Evolution - Normalized*

22.4%

21.0%

21.4%

20.5%

19.5%

19.2%

19.8%

18.9%

18.7%

18.7%

18.6%

17.8%

18.2%

17.1%

4.3pp

15.4%

15.6%

16.1%

16.4%

16.2%

15.1%

15.0%

15.1%

3.4pp

3.1pp

2.8pp

2.8pp

2.6pp

2.3pp

2.0pp

1.7pp

1.8pp

1.1pp

1.3pp

0.5pp

0.5pp

-0.7pp

-0.6pp

-1.7pp

-2.5pp

2Q18

3Q18

4Q18

1Q19

2Q19

3Q19

4Q19

1Q20

2Q20

3Q20

4Q20

1Q21

2Q21

3Q21

4Q21

1Q22

2Q22

3Q22

4Q22

1Q23

2Q23

3Q23

∆ LTM Margin YoY

EBITDA margin ex-ifrs, LTM

4

5

(R$ million)

6

7

8

+2.2pp

9

Total

Undergraduate

Lifelong Learning

-13pp

10

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Anima Holding SA published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2023 08:56:15 UTC.