VINCI PARTNERS REPORTS FIRST QUARTER 2024 EARNINGS RESULTS

Rhea-AI Summary

Vinci Partners Investments (NASDAQ: VINP) reported its first quarter 2024 earnings results with Fee Related Earnings of R$53.6 million and a quarterly dividend of US$0.17 per share. The company showcased double-digit growth in Fee Related Earnings driven by strong fundraising in Private Markets products. Despite global market uncertainties, Vinci Partners displayed resilience and performed well across various strategies.

Positive

• Double-digit growth in Fee Related Earnings showcasing strong fundraising in Private Markets products.

• Resilience and strong performance demonstrated across various strategies in a turbulent global market environment.

Negative

• None.

Insights

Financial Analyst

Vinci Partners' announcement of its first quarter 2024 earnings is a critical touchstone for investors, signaling robust growth in the company's fee-related earnings. This growth is particularly notable given the difficulties highlighted in the global market, suggesting a strategic resilience in Vinci's operations. The declaration of a quarterly dividend of US$0.17 per share aligns with investor-friendly practices, offering a tangible return on investment. However, investors should consider the potential for global market turbulence to impact future earnings and the sustainability of dividend payments. Considering the positive growth amidst market challenges, I would rate this news as positive for the company.

Market Research Analyst

The reported double-digit growth in fee-related earnings is commendable and reflects Vinci Partners' ability to navigate a shifting landscape, underscored by the rise in advisory fees and successful fundraising in private markets. Investors should note the company's performance as a significant indicator of its competitive stance in alternative investment within Brazil. However, there is an inherent risk involved with uncertainties in interest rates and asset performance that could affect future strategy execution. Given the current data, my perspective leans towards a positive outlook, but with a cautious eye on broader economic indicators that may influence Vinci's trajectory in subsequent quarters.

RIO DE JANEIRO, May 9, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners", "we", "us" or "our"), the controlling company of a leading alternative investment platform in Brazil, reported today its first quarter 2024 earnings results.

Vinci Partners has issued a complete earnings release and a detailed presentation in the 'Quarterly Earnings' section of the company's website at: https://ir.vincipartners.com/financials/quarterly-results/

Alessandro Horta, Chief Executive Officer stated, "Vinci posted another quarter with double digit growth in Fee Related Earnings, pushed by strong fundraising across Private Markets products over the last twelve months and advisory fees in the first quarter. Despite the challenges posed by a turbulent global market, marked by uncertainties in interest rates impacting asset performance and fundraising opportunities across various strategies, we have demonstrated resilience and patience, performing well across the board."

Dividends

Vinci Partners has declared a quarterly dividend of US$0.17 per share to record holders of common stock at the close of business on May 23, 2024. This dividend will be paid on June 07, 2024.

Financial Highlights

Vinci Partners posted Fee Related Earnings of R$53.6 million in the 1Q'24, or R$1.01 per common share. Adjusted Distributable Earnings for the quarter of R$49.6 million, or R$0.93 per common share.

Webcast and Earnings Conference Call

Webcast can be accessed by clicking here. For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.

To access the conference call through dial in, please register at 1Q24 VINP Earnings Dial In to obtain the conference number and access code.

About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009. Vinci Partners' business segments include private equity, public equities, real estate, private credit, special situations, infrastructure, investment products and solutions, and retirement services, each managed by dedicated investment teams with an independent investment committee and decision-making process. We also have a corporate advisory business, focusing mostly on pre-initial public offering, or pre-IPO, and merger and acquisition, or M&A, advisory services for Brazilian middle-market companies.

Forward-Looking Statements

This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time.

USA Media Contact

Kate Thompson   
Joele Frank, Wilkinson Brimmer Katcher  
+1 (212) 355-4449

Brazil Media Contact

Danthi Comunicações  
Carla Azevedo (carla@danthicomunicacoes.com.br)   
+55 (21) 3114-0779

Investor Contact

ShareholderRelations@vincipartners.com   
NY: +1 (646) 559-8040 
RJ: +55 (21) 2159-6240

View original content:https://www.prnewswire.com/news-releases/vinci-partners-reports-first-quarter-2024-earnings-results-302141703.html

SOURCE Vinci Partners Investments Ltd.

FAQ

What were Vinci Partners' Fee Related Earnings in the first quarter of 2024?

Vinci Partners reported Fee Related Earnings of R$53.6 million in the 1Q'24.

When will Vinci Partners pay the quarterly dividend?

Vinci Partners will pay a quarterly dividend of US$0.17 per share on June 07, 2024.

Where can I access Vinci Partners' complete earnings release and detailed presentation?

You can access Vinci Partners' complete earnings release and detailed presentation in the 'Quarterly Earnings' section of the company's website at: https://ir.vincipartners.com/financials/quarterly-results/

Who is the Chief Executive Officer of Vinci Partners?

Alessandro Horta is the Chief Executive Officer of Vinci Partners.