Laureate FY24 Outlook: Revenue $1.553B - $1.568B Vs. $1.561B Estimate, Total Enrollments 467K - 473K, Adj. EBITDA $441M - $451M

Outlook for Fiscal 2024

Laureate's 2024 outlook shows continued growth opportunities. We expect stronger growth rates in Mexico due to the positive macroeconomic backdrop in that market. For our operations in Peru, we anticipate growth to be more muted in 2024 due to the current economic downturn that market is currently experiencing. However, we do expect an economic recovery in the second half of the year for Peru.

Based on the current foreign exchange spot rates2, Laureate currently expects its full-year 2024 results to be as follows:

•Total enrollments expected to be in the range of 467,000 to 473,000 students, reflecting growth of 4%-5% versus 2023;

•Revenues expected to be in the range of $1,553 million to $1,568 million, reflecting growth of 5%-6% on an as-reported basis and 5%-6% on an organic constant currency basis versus 2023; and

•Adjusted EBITDA expected to be in the range of $441 million to $451 million, reflecting growth of 5%-8% on an as-reported basis and 6%-9% on an organic constant currency basis versus 2023.