OPENING VIDEO

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Safe Harbor
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995,
which statements involve substantial risks and uncertainties. All statements other than statements of historical fact, could be
deemed forward looking, including risks and uncertainties related to statements about our competition; our ability to attract,
upsell and retain students; our ability to increase tuition prices; our ability to anticipate and meet the evolving needs of student
and teachers; our ability to source and successfully integrate acquisitions; general market, political, economic, and business
conditions; and our financial targets such as revenue, share count and IFRS and non-IFRS financial measures including gross
margin, operating margin, net income (loss) per diluted share, and free cash flow. Forward-looking statements by their nature
address matters that are, to different degrees, uncertain, such as statements about the potential impacts of the COVID-19
pandemic on our business operations, financial results and financial position and on the Brazilian economy.

The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or
circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except
as required by law. The achievement or success of the matters covered by such forward-looking statements involves known and
unknown risks, uncertainties and assumptions. If any such risks or uncertainties materialize or if any of the assumptions prove
incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make.
Readers should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent
management’s beliefs and assumptions only as of the date such statements are made. Further information on 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 titled “Risk Factors” in the most recent Rule 434(b)
prospectus. These documents are available on the SEC Filings section of the investor relations section of our website at: https://
ir.afya.com.br/.
1 2
STRONG GROWTH WE HAVE
AND PROFITABILITY A SUCCESSFUL BUSINESS
UNDER ALL SCENARIOS STRATEGY

3 4
EXCITING ESG
OPPORTUNITIES EMBEDDED IN
AHEAD ALL WE DO
 OUR MISSION
To become the reference partner
of physician in their journey,
through rewarding lifelong experience
and an enhanced daily practice
by Afya’s digital services.
AFYA IN BIG NUMBERS

SOLID MEDICAL SCHOOL HIGH HIGH HIGH CASH

ECOSYSTEM MARKET LEADER GROWTH PROFITABILITY GENERATION

˜ 200K 2.3K medical seats 90.2% CAGR 46.6% 75.7%

physicians and Net Revenue 2018-2020 EBITDA Margin in 2020 in 2020
medical students
24 campuses
in our ecosystem 116.7% CAGR
+32% 6.1% market share Adjusted EBITDA
2018-2020
in medical seats total
market share in # of
physicians and
medical students 8.2% market
share in medical seats
of private schools

WE ARE THE ONY PLAYER SERVING THE PHYSICIAN THROUGH

HIS WHOLE CAREER, WITH INCREDIBLE VALUE EXTRACTION
WE ARE THE ONLY PLAYER SERVING THE PHYSICIAN
DURING THEIR WHOLE MEDICAL JOURNEY, FROM
SCHOOL DAYS THROUGH PRACTICING MEDICINE,
GENERATING HIGH LIFETIME VALUE.
FOCUS AND RESILIENCE THROUGH
AN UNPRECEDENTED PERIOD

ORGANIC M&A GROWTH ENTRANCE INTO

GROWTH NEW MARKET
+851 seats
40.2% 2019-2020 Health Digital Services

medical students, +6 campuses

due to maturation

52.9% 2019-2020 Value extraction after

combined tuition fees
21.2% 2019-2020
in Medcel students
18.3% 2019-2020
organic volume growth in BU2
synergies of integrated
Companies:
+2200bps ebitda
margin in the companies
acquired in 2018 and 2019
 FOCUS AND RESILIENCE
THROUGH TOUGH TIMES # OF SEATS
M&A GROWTH
2,303
SEATS SEATS
120 157
SEATS
182

13 AGO 31 JAN 05 MAY 20 AUG 27 AUG 23 OCT

2019 2020 2020 2020 2020 2020

SEATS
SEATS
160
112
SEATS
120
FOCUS AND RESILIENCE
THROUGH TOUGH TIMES
M&A GROWTH
FMIT UNINOVAFAPI IPEC
51
136 25
44 125
105
33 17
27 77

21
59
36
11
3 2

2018 2019 2020 2018 2019 2020 2018 2019 2020

FADEP FASA

NET REVENUE (R$ M)

EBITDA (R$ M)
FOCUS AND RESILIENCE
THROUGH TOUGH TIMES
ENTERS ATTRACTIVE
NEW MARKETS

BRINGING EDUCATION AND

DIGITAL SERVICES TOGETHER
IS A WININNING STRATEGY
FOCUS AND RESILIENCE
THROUGH TOUGH TIMES
ENTERS ATTRACTIVE
NEW MARKETS

ONLY PLAYER LARGEST MEDICAL HIGH VALUE

FOCUSED ON
THE PHYSICIAN
Serving the physician
from medical education
throughout the entire
career supported with
quality services and
technology
+1K physicians and developers
focused on user experience
and content update
ECOSYSTEM IN BRAZIL EXTRACTION
High LTV
Nearly 200k physicians
High EBITDA margin
432 partner hospitals
and clinics
ROBUST BALANCE
SHEET AND STRONG
CASH GENERATION
Funds that will be used in
M&A and Capex for innovation
MEDICAL JOURNEY
Afya is There Every Step of the Way
click here
 6 YEARS
# OF MEDICAL APPROVED
SEATS IN BRAZIL MEDICAL SEATS
SEATS CAMPUS

74.2% AFYA 2.3k 24

Medical Student
PLAYER 2 1.7k 11
ANNE PLAYER 3 1.2k 15
PLAYER 4 496 7
OTHER 21.9k -
25.8%
TOTAL 28.k -

Market Leader whith 8% share

in fragmented market. M&A will
accelerate market share gains.
 STANDARDIZED FORMAT IN ALL HUBS, ENSURING
6 YEARS QUALITY PROGRAM IN ALL CAMPUSES AND
OPERATIONAL OPTIMIZATION
Since the 1st period of graduation,
students have access to:
Medical Student
practical classes in real and simulated
ANNE environments blended-learning,
using tools to support clinical decision
and telemedicine.
11.0K STUDENTS
1.1K TEACHERS
Students take aproficiency exam
every semester which enables
them to customize their learning
path with a focus on the pace of
knowledge acquisition skills,
and attitudes.
Student results are compared
across campuses.
Access to 5th and 6th year
students for Afya’s online
preparatory courses.
Assistance to 420 thousand
patients per year, from municipal
health departments and
philanthropic institutions.
 6 YEARS

14%
CAGR
‘20-26

PREDICTABLE AND STRONG

Medical Student
GROWTH EXPECTED 7% 25.1
ANNE
FOR THE NEXT YEARS CAGR
‘20-26
16.6
AUTHORIZED MEDICAL SEATS 2.3K
MEDICAL STUDENTS AT MATURITY 16.6K 11.0
MEDICAL SEATS TO BE AUTHORIZED (UPSIDE) 1.2K
MEDICAL SUDENTS 25.1K

Med Students Base Case Med Students

2020 @ Maturity Full Potential
click here
 MORE MEDICAL STUDENTS GRADUATING MEDCEL
EACH YEAR - SIGNIFICANT RESIDENCY SEATS TAM (R$ BN)
AVAILABLE TO MEET DEMAND
Generalist Physician 37.3k 37.8k 13%
CAGR ‘20-26
35.3k
JOHN
31.6k
27.8k
25.6k
23.4k 3.1
18.4k 20.5k
16.7k 16.8k 17.4k

15.1k 16.5k 16.7k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k 1.5
15.1k

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2020 2026

MEDICAL STUDENTS GRADUATING PER YEAR

# OF RESIDENCY SEATS AVAILABLE
 WHY ARE WE THE BEST ONLINE PLAYER?

PLAYER 2 PLAYER 3 PLAYER 4 MEDCEL

Tradition in the medical residency preparatory segment

Generalist Physician
Digital expertise
JOHN
Expertise in exam content ("We know the topic for the exam")
Wide distribution in the Brazilian territory
Live classes
Specific preparatory courses (practical exam, ECG, less recurrent topics, etc.)
Teaching material with a differentiated support
Methodology that ensures a customized study
Updated and engaged teaching staff
Content delivered in different modes / platforms
EMT-prepared online environment
Content hierarchy proprietary tool
Student personal attention (“Coach of Approval”)
source: FF Consulting firm survey, 2021
 MEDCEL BY THE NUMBERS
LARGEST RESIDENCY PREP DIGITAL PLATFORM
IN BRAZIL, DRIVEN BY STRONG GROWTH IN
USERS AND ENGAGEMENT

Generalist Physician PAYING CONTENT CONTENT CONSUMPTION

JOHN STUDENTS CONSUMPTION EVOLUTION PER QUARTER IN 2020

14.3MM 14.3MM
2019 10.8K
10.8MM
2020 13.0K
6.9MM
5.7MM
NPS
48 2.5MM
47
35

2019 2020 Q1 Q2 Q3 Q4

VIDEOS 1.8MM 4.7MM 1.0MM 2.8MM 3.9MM 4.7MM

PODCASTS 149.7K 424.3K 70.9K 256.8K 353.5K 424.3K
2018 2019 2020
E-BOOKS 197.4K 505.4K 95.5K 225.6K 377.6K 505.4K
QUESTIONS 3.5MM 8.6MM 1.3MM 3.6MM 6.1MM 8.6MM
(MOCK TESTS)
 MEDCEL WITH GREAT FIGURES, SHOWING GROWTH
AND INCREASE IN STUDENTS ENGAGEMENT AND
IT CONSOLIDATES AS THE BIGGER RESIDENCY
PREP DIGITAL PLATFORM IN BRAZIL

MONTHLY LOGINS
Generalist Physician PAYING ACTIVE USERS
JOHN STUDENTS
1.2MM
20.4K
951.1K *
2019 10.8K 18.3K

16.0K
2020 13.0K 14.6K
13.2K
11.8K
9.8K
NPS 9.1K
465.5K
48
47
35

2018 2019 2020 1Q 2Q 3Q 4Q 2019 2020 2021

*until March
2019 2020
GeneralistGeneralist
PhysicianPhysician
JOHN JOHN

MEDCEL PLATFORM
click here
 NEXT STEPS
Generalist Physician
FOCUS ON CREATING A REVOLUTIONARY SAAS-BASED
JOHN NEW PRODUCT FOR STUDENTS IN THE 1ST THROUGH 8TH
GRADUATION PERIODS. PRODUCT HAS BEEN UNDER
DEVELOPMENT FOR TWO YEARS
Medcel Brand recognition, Content playlists Social area with teachers Psychological care
entry into a new segment and students and career mentoring
in a disruptive format

LAUNCH EXPECTED FOR Q3 2021

VALIDATED IN SEVERAL MARKET RESEARCHES
Generalist Physician
JOHN

NEW SAAS PLATFORM

click here
 WITH MEDICAL HARBOUR ACQUISITION,
INSTEAD OF HAVING 08 B2B CONTRACTS
WITH OTHER UNIVERSITIES USING AFYA’S
Generalist Physician
JOHN
PLATFORM, WE WILL HAVE 48 UNIVERSITIES
ENTERING INTO AFYA’S ECOSYSTEM.
REPRESENTS 20% MARKET SHARE OF
PRIVATE INSTITUTIONS.
With Medical Harbour Acquisition we commence services
as B2B contracts for more than 5 different countries in
the Americas and Europe.
Generalist Physician
JOHN

MEDICAL HARBOUR
click here
 8 B2B CONTRACTS WITH
HEALTHCARE INDUSTRY PLAYERS
IN BRAZIL
 The largest Brazilian
Generalist Physician portal updates directed
JOHN to health professionals
and students.
More than 9K publications
in its 6 years of history.
Currently, there are about
200 content published
monthly on the platform,
including review of articles,
guidelines, podcasts, quizzes,
coverage of congresses
and clinical cases.
More than 3 million
visitors per month, +70%
are estimated to be
healthcare professionals
70% of the monthly traffic
on the PEBMED Portal
comes from organic search,
demonstrating our authority
in search engines, being
always ranked among the
main sources of information
for health professionals.
The PEBMED Portal delivers
a weekly newsletter with the
main highlights of the week,
reaching 300K registered
health professionals.
The Portal is also an important
channel for organic lead acquisition
for other Afya products.
Generalist Physician
JOHN

PEBMED PORTAL
click here
 2-3 YEARS

6 YEARS 2-3 YEARS

Generalist Physician Resident Physician Specialist Physician
(e.g. cardiologist)
JOHN ALTERNATIVE PATH

4-8 YEARS
Medical Student Resident Physician Subspecialist Physician
ANNE (e.g. cardiac surgery)

Generalist Physician Specialization Specialist Physician

(e.g. cardiologist)
TOM

MEDICAL click here

Undergrad Specialization Specialization
EDUCATION
Education Support Prep Courses

+
HEALTH
Clinical Decision Software
Management Tools & Electronic Medical Record
DIGITAL Telemedicine
SERVICES Doctor - Patient Relationship
R$43.5 BN Digital Presciption
Content & Techonology for Medical Education
 WE ARE LEADERS IN
PROVIDING DIGITAL
SOLUTIONS
#1 PLAYER STRONG
IN THE MARKET LEADERSHIP
Generalist Physician
TOM The most used content platform One in 5 doctors and medical students
and medical tools for decision making in Brazil use the Whitebook

+105K monthly active subscribers +9K topics, from, 38 different specialties

created and reviewed by a team of more
+160k monthly active users than 40 specialist doctors

54 million Whitebook Whitebook offers hundreds of tools, such as

consultations in 2020 translated calculators, clinical scores, checklists and
to an estimated 30 million medical codes. During the coronavirus pandemic,
patients impacted. Whitebook was accessed daily by more than
50K doctors, helping to save lives.
 WE ARE LEADERS IN
PROVIDING DIGITAL TOP APPS
SOLUTIONS 2020 BRAZIL BY
CONSUMER SPEND

HIGH CUSTOMER 1 Globo Play

SATISFACTION 2 Tinder
Generalist Physician
TOM 84NPS 3 Google One

Among the Top 10 Apps in Brazil 4 YouTube

with the highest revenue generation
over the past 5 years 5 Netflix
Source: App Annie® mobile reports
6 HBO GO

7 TikTok

8 Canva

9 Happn

10 Whitebook
 WE ARE LEADERS IN
PROVIDING DIGITAL
SOLUTIONS
IMPRESSIVE MARKET SHARE
WITH SEVERAL GROWTH AVENUES
Generalist Physician
TOM

STAGE YEARS AFYA’S

OF STUDY MARKET SHARE
Undergrad Student 0 to 4 1%
Undergrad Student 5 to 6 35%
Generalist/Specialization 3 after graduating 56%
Generalist/Specialization 3 to 5 after graduating 40%
Career Building 5 to 10 after graduating 14%
Career Building/Established Career +10 after graduating 3%
 WE ARE LEADERS IN
PROVIDING DIGITAL
SOLUTIONS
# OF PAID SUBSCRIBERS 106,9K
Generalist Physician 95,7K
92,8K
TOM 81,9K
86,0K

66,2K 68,8K
61,6K 64,2K
50,9K 52,4K
50,4K

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020

NPS 80 79 79 80 81 81 82 83 85 84 83 84
MAU 151.9K 147.0K 165.1K 151.8K 167.0K 185.3K 198.7K 155.3K 173.6K 166.2K 164.7K 161.8K
Generalist Physician
TOM

WHITEBOOK PLATFORM
click here
 2-3 YEARS

6 YEARS 2-3 YEARS

Generalist Physician Resident Physician Specialist Physician
(e.g. cardiologist)
JOHN ALTERNATIVE PATH
click here
PETER
4-8 YEARS
Medical Student Resident Physician Subspecialist Physician
ANNE (e.g. cardiac surgery)

Generalist Physician Specialization Specialist Physician

(e.g. cardiologist)
TOM

MEDICAL Undergrad Specialization Specialization

EDUCATION
Education Support Prep Courses

+
HEALTH
Clinical Decision Software
Management Tools & Electronic Medical Record
DIGITAL Telemedicine
SERVICES Doctor - Patient Relationship
R$43.5 BN Digital Presciption
Content & Techonology for Medical Education
 DOCTORS
606.0K
521.9K
453.2K
400.8K
350.0K
287.2K 309.3K
260.8K

Specialist Physician
(e.g. cardiologist) 2003 2006 2009 2012 2015 2018 2021 2024
PETER

NEW DOCTORS
31.8K
26.4K

19.3K
16.4K 18.0K
12.7K
9.2K 10,5K

2003 2006 2009 2012 2015 2018 2021 2024

 OUR PLATFORM
OUR ALL-IN-ONE SOLUTION HELPS DOCTORS TO ATTRACT,
DELIVER CARE, ENGAGE AND MONETIZE THEIR PRACTICE

MARKETING
Increase doctor’s digital presence
and brand authority, bringing more patients
Specialist Physician
(e.g. cardiologist)
PETER

REVENUE CYCLE ELECTRONIC MEDICAL RECORD

Automates time consuming and Offers a new experience for doctors and patients
unpleasant financial tasks, providing enabling patient care in a safer, faster and more
better control of the financial health efficient way
of their practice

CRM TELEMEDICINE
Extends relationship beyond the medical The first telemedicine solution
appointment, providing better outcomes designed for independent doctors.
and increasing patient loyalty
Fully integrated with doctor’s
medicine schedule and EMR
 #1 PLAYER STRONG HIGH CUSTOMER
IN THE MARKET LEADERSHIP SATISFACTION

+13.1k doctors as of March 2021 170k visitors per month Fast and resolutive customer support

Specialist Physician
1.300 cities across Brazil; 3,7 times more visits
(e.g. cardiologist)
nationwide penetration
93% CSAT
PETER than the 2nd largest player
in industry Less than 3 minutes avg response time
44 medical specialties
iClinic brand has 2 times more
19 million registered patients searches than the 2nd player, 61.5 NPS as of March 2021
according Google Trends
56 million medical consultations
registred in the platform Trusted partner of the main Only 1.3% monthly churn
medical associations in Brazil
850k medical consultations per
month as of March 2021

4 million medical prescriptions

in 2020
 IMPRESSIVE TRACK RECORD OF PHYSICIAN
USER GROWTH AND ENGAGEMENT

MONTHLY
Specialist Physician
(e.g. cardiologist)
ACTIVE USERS
10.2K
PETER 9.2K

6.3K 6.7K 6.7K 6.7K

5.5K
4.8K
3.6K 4.0K
3.2K
2.9K

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020
Specialist Physician
(e.g. cardiologist)
PETER

ICLINIC PLATFORM
click here
 2-3 YEARS

6 YEARS 2-3 YEARS

Generalist Physician Resident Physician Specialist Physician
(e.g. cardiologist)
JOHN ALTERNATIVE PATH
PETER
4-8 YEARS
Medical Student Resident Physician Subspecialist Physician
ANNE (e.g. cardiac surgery)

Generalist Physician Specialization Specialist Physician

(e.g. cardiologist)
TOM
SUZY

MEDICAL Undergrad Specialization Specialization

EDUCATION
Education Support Prep Courses

+
HEALTH
Clinical Decision Software
Management Tools & Electronic Medical Record
DIGITAL Telemedicine
SERVICES Doctor - Patient Relationship
R$43.5 BN Digital Presciption
Content & Techonology for Medical Education
 INCREASING NUMBER OF MEDICAL STUDENTS
GRADUATING WHILE RESIDENCY SEATS HAVE
REMAINED FLAT, INCREASING COMPETITION
37.3k 37.8k
Specialist Physician 35.3k
(e.g. cardiologist) 31.6k
SUZY 25.6k
27.8k
23.4k
20.5k
17.4k 18.4k
16.7k 16.8k

16.5k 16.7k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k 17.3k
15.1k 15.1k

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

MEDICAL STUDENTS GRADUATING PER YEAR

# OF RESIDENCY SEATS AVAILABLE
 SPECIALIZATION
COURSES
TAM (R$ BN)

14%
Specialist Physician CAGR ‘20-26
(e.g. cardiologist)
SUZY
61% 39%
204.2K
10.3 319.2K

4.8

SPECIALIST PHYSICIAN
GENERALIST PHYSICIAN
2020 2026
 GEOGRAPHICAL
PRESENCE
There are 500k active
doctors in Brazil and
> 50% of them are located
Specialist Physician in only 14 cities.
(e.g. cardiologist)
SUZY Until 2019 we were present
in only 5 of these 14 cities,
but from 2020 on, we started
to be present in 11.

2019 UNITS
2021 NEW UNITS
Specialist Physician
(e.g. cardiologist) IMPROVEMENT
SUZY Course scalable by the blend
of online and on-campus
possibilities, with shorter
duration and conversion into
lato sensu graduate course.
100% ONLINE or 40% PRACTICAL |
60% ONLINE
POST-360
ON-CAMPUS – practice with real patients
in owned and/or partner outpatient clinics
30% PRACTICAL I 40% THEORETICAL
ON-CAMPUS | 30% ONLINE
REMOTE- synchronous and/or asynchronous
with the possibility of capitalization
and internalization
100% ONLINE
HYBRID – product is scalable by the blend
of online and on-campus possibilities.
30% PRACTICAL I 70% ONLINE
POST-GOLDEN
STANDARD
Medical residency model
Flexible course, allowing the
student to study and work.
It allows a graduate student
to take the specialist title exam.
80% PRACTICE IN HOSPITALS
20% ONLINE
 IN ADDITION TO EXPANDING GEOGRAPHIC COVERAGE,
WE ALSO EXPANDED THE PORTFOLIO TO MEET THE MOST
Specialist Physician
VARIED DEMANDS OF THESE NEW GRADUATES
(e.g. cardiologist)
SUZY
POST-SPECIALIZATION FELLOWSHIP STRICTO SENSU
Targeting mostly titled Practical immersion in For professionals desiring
professional (specialists) hospital environments the academic career

30% PRACTICAL I 70% ONLINE 100% PRACTICAL ON-CAMPUS I ONLINE

ACCORDING TO SPECIFIC REGULATION
 IN ADDITION TO EXPANDING GEOGRAPHIC COVERAGE,
WE ALSO EXPANDED THE PORTFOLIO TO MEET THE MOST
Specialist Physician
VARIED DEMANDS OF THESE NEW GRADUATES
(e.g. cardiologist)
SUZY
 NEW OPPORTUNITY

CHANGING TO A MODULAR COURSE MODEL,

EXTENDING FROM 2 INTAKES PER YEAR
Specialist Physician
(e.g. cardiologist) TO A ROLLING MONTHLY ENROLLMENT MODEL
SUZY
ASSISTANCE TO 20 THOUSAND PATIENTS PER
YEAR, FROM MUNICIPAL HEALTH DEPARTMENTS
AND PHILANTHROPIC INSTITUTIONS
Data is related to the 5 initial campuses
We had. We intend to double this number.
UNIQUE
ECOSYSTEM
WITH HIGH
VALUE CREATION
UNIQUE
ECOSYSTEM
WITH HIGH
VALUE CREATION
 THE NEXT STEPS ON AFYA DIGITAL
2021
GOAL: BUILD THE
DIGITAL ECOSYSTEM
ACTIVITIES:
• Keep adding new products and
services organically or via M&A to
fulfill the 6 pillar strategy
• Scaling stand alone digital
products through coordinated
commercial efforts
• Starting customer database
consolidation into a single datalake
• Launch first product
integrations MVPs between
Medcel, Whitebook, iClinic
• Test MVPs solutions with
pharma industry.
• Initiating Afya Digital brand
awareness strategy
2022
GOAL: INCREASE MARKET
PENETRATION
ACTIVITIES:
• Start building a single sign-on
between platforms
• Launch an unified CRM and Product
Life Cycle strategy
• Increase marketing investment in
product unified offers
• Pharma industry solutions roll-out
• MVPs on telemedicine services for
both B2B and B2C businesses.
• Significant increase investments in
the community feature
• Ramp-up our marketplace
AgendarConsulta.com
• Increase product personalization
and intelligence with AI tests on
Afya's products
2023
GOAL: LEVERAGE OUR PHYSICIAN
NETWORK AND UNLOCK NEW
REVENUE STREAMS
ACTIVITIES:
• Scale revenues on the B2B side
monetizing from all healthcare
players (pharma industry, labs,
pharmacy chains, hospitals,
healthcare plans and corporations)
• Data intelligence to enhance
educational strategies and provide
feedback directly from daily practice.
• Consolidate Afya's unique and
updated healthcare real-time data
knowledge database.
AFYA 2019-2020 AFYA OF THE FUTURE

Undergrad
BU1
Undergrad
Continuing Education
Specialization

Afya Digital
BU2 Content & Technology for Medical Education
Prep Courses, Clinical Decision Software
Specialization and
Practice Management Tools & Electronic Medical Records
Health Digital Services
Physician - Patient Relationship
Telemedicine
Digital Prescription
EXCITING OPPORTUNITIES AHEAD

ORGANIC GROWTH M&A STRATEGY STRENGTHENING OUR

CONTINUE POSITION IN DIGITAL
TO GROW HEALTH SERVICES

High value extraction

after synergies and
integration
EXCITING OPPORTUNITIES AHEAD
ORGANIC GROWTH

UNDERGRAD CONTINUING EDUCATION AFYA DIGITAL

Maturation of current units Just scratching the surface.
7% CAGR ‘20-26 New campuses
number of medical students Afya Digital TAM:
6 new Ipemed campuses
R$ 21.4 BN**
4.5% CAGR ‘20-26 New partneships
Ticket Maturation
Market growing
15% CAGR ‘20-26
Upside seats
478 already requested to MEC
700 to be requested from
MAIS MEDICOS program
EXCITING OPPORTUNITIES AHEAD
M&A STRATEGY CONTINUE TO GROW

WHAT CAN YOU EXPECT

FROM ACQUITICIONS?
EXCITING OPPORTUNITIES AHEAD
M&A STRATEGY CONTINUE TO GROW

UNDERGRAD
200 seats
per year starting in 2022

M&A Conditions
Over 60% of the Net Revenue
must come from medical courses
at maturity

Internal Rate of
Return (IRR) aiming 20%
EXCITING OPPORTUNITIES AHEAD
STRENGTHENING OUR
AFYA DIGITAL
POSITION IN DIGITAL
HEALTH SERVICES COMPLEMENTING
ONE OF OUR PILLARS

Content and Tecnology Clinical Decision Pratctice Management Telemedicine Digital Doctor- Patient
of Medical Education Software Tools and Eletronic Prescription Relashionship
MedicalRecords
WHY WE EXCEL IN M&A
WE ARE THE PREFFERED
PATNER OF CHOICE FOR
FOUNDER AND OWNERS

Physicians sit on our board and

are officers of the company

We are focused in medicine

PROVEN EXPERTISE INTEGRATING
ACQUIRED COMPANIES

Successfully extracting value and achieving synergies

wtih acquired medical schools and digital assets

High LTV
ROBUST BALANCE SHEET
Strong Cash Generation
 ESG
2020 Main Initiatives
click here
 TACKLING COVID-19

TEMPORARY ACCESS TO AFYA’S DIGITAL PLATFORM – MEDCEL – FREE OF CHARGE

9,000 MEDICAL STUDENTS AT 32 PUBLIC AND PRIVATE SCHOOLS
 TACKLING COVID-19

DEVELOPMENT AND LAUNCH OF A FREE COURSE ON “CONDUCTS FOR

EMERGENCIES IN COVID-19” FOR HOSPITALS, MEDICAL ASSOCIATIONS, MEDICAL
SCHOOLS AND OTHER INTERESTED PROFESSIONALS AND STUDENTS, MORE
THAN 23,000 PARTICIPANTS AND 34 INSTITUTIONS ENROLLED
 TACKLING COVID-19

LAUNCH OF THE FREE COURSE “THERAPEUTIC UPDATE IN THE ERA OF

TELEMEDICINE”. THE COURSE IS COMPOSED OF 60 STUDY UNITS, INCLUDING
426 VIDEO LESSONS, 59 PODCASTS, 177 ANSWERED QUESTIONS, AMONG
OTHERS, WITH 1,572 USERS ACCESSING THE PLATFORM;
 TACKLING COVID-19

HOSTING OF A FREE WEBINAR WEEK TO DISCUSS THE “IMPACTS OF COVID

IN THE WORLD’S HEALTH SYSTEMS” FOCUSING ON GOOD PRACTICES TO COMBAT
THE PANDEMIC AND IDENTIFY LASTING CHANGES IN THE MEDICAL INDUSTRY,
WITH 5,800 PARTICIPANTS;

SALMAN RAWAF MARY HORGAN TAN TZE LEE CIARAN O’BOYLE

World Health President, Royal College National University Royal College of Surgeons
Organization of Physicians of Ireland of Singapore of Ireland

JUNGKWON LEE SUDHESH KUMAR ALAIN B. LABRIQUE TOM O’CALLAGHAN

WONCA Asia Pacific Group Dean, Warwick Medical School Johns Hopkins University CEO Iheed
(Online Medical Education)
 TACKLING COVID-19

Donation of masks, gloves and other safety equipment

to health departments and hospitals in the 13 cities
where afya’s medical courses are located;

Campuses as vaccinations spots;

Vaccination of medical students and professors;

Afya regional leaders participates actively in municipal

and regional covid crisis committees.
 HEALTH PROMOTION

EXPANSION OF PEDIATRIC ICU BEDS AT PATIENT SAFETY POLICY;

HOSPITAL GERAL DE PALMAS;
HEALTH SIMULATION CENTER:
CREATION OF OUTPATIENT CLINICS IN THE FASA PILOT PROJECT IN PALMAS;
AND FESAR UNITS AND RENOVATION OF THE PALMAS
CLINIC TO GUARANTEE THE PRACTICE OF OUR
STUDENTS AND SERVE THE LOCAL POPULATION;
AGREEMENTS WITH FREE
HOSPITALS AND CLINICS CONSULTATIONS

427.000

432
270.000

60
2020
2019
2019 2020 2019 2020
 DIVERSITY

6100 EMPLOYEES 725 EXECUTIVES 11 MEMBERS OF BOARD

OF DIRECTORS

55% ARE WOMEN 55% ARE WOMEN 2 ARE WOMEN

 CLIMATE CHANGE

4 UNITS USING SOLAR ENERGY

AND 8 UNDER IMPLEMENTATION
= 50% OF OUR CAMPUSES

140 TONS OF CO2

NOT EMITTED TO
THE ATMOSPHERE

1 2

2 1 1
2

1
ECO – EFFICIENT MANAGEMENT 1
MAIS MEDICOS NEW UNITS:
• RAINWATER HARVESTING 1 1,157
PLANTED
• AIR CONDITIONING WATER INTAKE TREES
• 2 UNITS WITH TARGETS FOR PLANTING TREES IN 2021
 TRANSPARENCY & ETHICS

• PARTICIPATION IN RECOGNIZED COLLECTIVE INITIATIVES THAT

REINFORCE OUR COMMITMENT AND ENGAGEMENT WITH ESG -
UN GLOBAL COMPACT SIGNATORIES

• POLICIES:

SOCIAL AND ENVIRONMENTAL CODE OF ETHICS RELATED PARTY TRANSACTIONS

RESPONSIBILITY AND CONFLICTS OF INTEREST

BRIBERY & CORRUPTION INSIDER TRADING

POLICY

• EVALUATED AND QUALIFIED SUPPLIERS

• COMPLIED WITH SOX

• WHISTLEBLOWING CHANNEL WITH THIRD PARTY

ANNUAL SUSTAINABILITY REPORT (GRI AND IIRC)

GLOBAL REPORTING INITIATIVE (GRI) METHODOLOGY

2ND CONSECUTIVE YEAR OF PUBLICATION

ACCOUNTABILITY FOR OUR ACTIVITIES TO SHAREHOLDERS,

INVESTORS, SUPPLIERS, CUSTOMERS, EMPLOYEES,
STUDENTS, GOVERNMENT

ADOPTION OF A MATERIALITY MATRIX,

IN LINE WITH THE GRI METHODOLOGY
ESG CORPORATE GOVERNANCE
EXPERIENCED AND
ENGAGED
BOARD OF EXECUTIVE
OFFICERS VIRGÍLIO DELOY
CAPOBIANCO GIBBON
CEO

ALEXANDRE FERRAZ ANIBAL SOUSA DÊNIS DEL BIANCO JULIO DE ANGELI FLÁVIO CARVALHO LUIS BLANCO
Marketing VP Legal and Compliance VP of HR and VP of Innovation Undergrad and CFO
Officer Corporate Services and Digital Services Educon VP

FORMAL EVALUATION COMPENSATION LINKED TO:

Student/Physician NPS | Organizational Climate | FCO
Revenue Growth | Compensation linked to ESG factors
EXPERIENCED AND
ENGAGED
BOARD OF DIRECTORS
Founding Family
Chairman

Founding Family Founding Family Crescera Crescera Crescera Bertelsman

Independent Independent Independent Independent

TAKE CONSTANTLY SEEK TO INCREASE THE LTV OF
DOCTORS IN OUR ECOSYSTEM, OFFERING

AWAY
EDUCATION AND DIGITAL SERVICES
THROUGHOUT THEDOCTOR'S JOURNEY

MAINTAIN STRATEGY OF ACQUIRING

MEDICAL SEATS

INCREASE IN MEDICAL SEATS AND MATURATION

DRIVES PROFITABILITY AND PREDICTABILITY.
ESTIMATED GROWTH OF 43% FOR REVENUE
AND 45% FOR EBITDA FROM 1H20 TO 1H21

LEADER IN THE FORMATION OF THE LARGEST

MEDICAL COMMUNITY IN BRAZIL BOTH IN
EDUCATION AND DIGITAL SERVICES