Cogna Educação (BVMF: COGN3 / OTCQX: COGNY): One of the World’s Largest Private Education Providers

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Cogna Educação (BVMF: COGN3 / OTCQX: COGNY) is the largest private educational company in Brazil and one of the largest private educational organizations in the world. The Company is also the parent of Vasta Platform Limited (NASDAQ: VSTA) – a high-growth education company providing end-to-end educational and digital solutions for private schools operating in the K-12 educational segment (See: Vasta Platform Limited (NASDAQ: VSTA): A Brazilian Subscription Based High Growth Education Company).

OVERVIEW:

  • Cogna Educação is one of the largest private educational organizations in the world, operating for over 70 years. In 2010, Cogna acquired IUNI Educacional Group, an institution which also offered on-campus undergraduate and graduate programs; in 2011, the highlight was the acquisition of Universidade Norte do Paraná (Unopar), the largest distance learning institution in the county.
  • To crown this intense rhythm of acquisitions, in 2013, Cogna carried out the largest investment in its history: its merger with Anhanguera, thereby consolidating its leadership in both the on-campus and distance learning segments. On October 11, 2018, Cogna concluded the operation to acquire the controlling interest in Somos, the leading primary and secondary education group in Brazil, in yet another transformational step for the Company, making it a complete educational platform with an important presence in all segments of Primary & Secondary Education.
  • Currently, Cogna has 844,000 on-campus and digital undergraduate students in its Kroton vertical, and 44,000 graduate students in its Platos vertical, served by 176 own Postsecondary Education units and 1,536 accredited Digital Education centers. In K-12 Education, the Saber vertical had 31,000 students distributed in 52 own schools/managed through contracts and 22,000 students distributed in 122 Red Balloon units, while the Vasta vertical had 1.5 million students served through approximately 4,200 partner schools using core and complementary content solutions.
Corporate Overview
Corporate Overview
  • Since 2012, the Company is part of Novo Mercado, segment of B3 which unites the companies with the best governance practices, and they follow the recommendations of the Brazilian Institute of Corporate Governance (IBGC). They are a full corporation enterprise, with no group of controlling shareholders in charge, and the graph to the right demonstrates our ownership structure.
Ownership Structure

Note: The following videos are in Portuguese. FOR ENGLISH SUBTITLES: Hit the CC button for closed caption subtitles, then the wheel button next to it, and select English. English subtitles will appear.

COGNA/Kroton Educação: Apresentação Institucional (KROT3/COGN3) (YouTube) 2:54 Minutes (Capital Brasileiro) October 2019

  • GOOGLE TRANSLATION: Institutional Presentation and history of Kroton Educação, which from now on will be called COGNA Educação. Your trading code on the Brazilian exchange will change from KROT3 to COGN3.

Rodrigo Galindo, chairman da Cogna Educação | Visão de Líder | Inteligência Financeira (YouTube) 45:56 Minutes (Inteligência Financeira) February 2023

  • GOOGLE TRANSLATION: Graduated in law and with a master’s degree in education, he created one of the main companies in the field of education in Brazil, Kroton Educacional, and was CEO of Cogna Educação, where he currently serves as chairman. In this exclusive interview, you will find out about Galindo’s trajectory, his vision about meditation and why he went to meditate in Sri Lanka.
  • In Leader’s Vision, you find out how the country’s leaders think. The videocast is presented by Anne Dias, executive editor, and Leandro Modé, CEO of Financial Intelligence.

RECENT FINANCIALS / NEWS:

EARNINGS RELEASE 1Q23 and 1Q23 Presentation of Results

  • The results of Cogna for the first quarter of 2023 represent the company’s eighth consecutive quarter of strong growth in Recurrent EBITDA and profitability (Recurring EBITDA Margin), demonstrating its ability to generate value through clear strategies implemented with discipline for almost 3 years. Furthermore, based on the expectations shared in previous releases, we started 2023 with net revenue growth in all three business units: Kroton, Vasta and Saber. The results continue improving and the company renews its expectations that our year 2023 will be marked by the combination of profitability and revenue expansion.
EARNINGS RELEASE 1Q23
EARNINGS RELEASE 1Q23

Investors in Cogna Educação (BVMF:COGN3) from five years ago are still down 72%, even after 5.4% gain this past week (Simply Wall Street) June 2023

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