Bright Scholar Education Holdings Limited (NYSE:BEDU) Q4 2019 Earnings Conference Call - Final Transcript
Nov 08, 2019 • 08:00 am ET
[Operator Instructions] Our first question today will come from Christine Cho with Goldman Sachs. Please go ahead.
Hi. Thank you, Jerry, Derek and Dora for the detailed explanation. I have three quick questions. So one is related to the acquired overseas schools. So it seems like St. Michael's and Bosworth was also consolidated this quarter. Can you just give us the rough impact on sales in OP this quarter for these two schools as well? Secondly, I think the guidance on the top line is very, very clear. But I was wondering what would be -- would you be able to give us the rough guidance as to the impact of -- on bottom line of these acquired overseas schools in 2020? And lastly, I think, in reading page 27 of the presentation, is it fair to understand that the M&A related costs that you kind of broke out, that's more of an one-off related to the M&A this quarter? And then more -- that wouldn't be recurring going forward, but the M&A portion that 1.2% that's there that will actually be continuing to come through over the next few quarters. Is that a right understanding? Thank you.
Hi Christine. This is Dora. First question, in the past fiscal quarter, we only completed the transaction of CATS, the other two Independent school, as Jerry mentioned during his remarks, we complete those two independent school in early September. So their contribution will be started in the first fiscal quarter of 2020. I think that should answer your first question. And second question, the guidance, the impact of the overseas school.
I think the guidance for the bottom line -- we haven't gave out the guidance for the bottom line. So we can't give you the guidance for the revenues on an [Indecipherable].
The third line, I can take the third line as well. The third line is really about the M&A related costs, because we have done numerous amount of work on the M&A. We closed a few. So that's all what happened in Q4. Going forward, that is a deal by deal basis. And so it may or may not happen, but I would not expect to continue like that for every quarter, because we have a little bit more down in the last quarter than I guess in the past.
Okay. Thank you.
[Operator Instructions] Our next question will come from Tommy Wong with China Merchants Securities. Please go ahead. Mr. Wong, your line is open for questions.
Hi, sorry, I was on mute, sorry. Hi management. Thanks for taking my call. Quick question on the enrollment growth you guided. Can you kind of -- could you share with us, which international school, bilingual schools, kindergarten, which part of the enrollment growth will be faster or slower. If I think for '19 actually both segments grows really fast. Is that going to continue in 2020 kind of more we're even double-digit growth. And can you also shed some light on