VINCI PARTNERS REPORTS FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RESULTS

Rhea-AI Summary

Vinci Partners Investments Ltd. reported strong fourth quarter and full year 2023 earnings results, with a 14% increase in Fee Related Earnings and a 17% increase in Adjusted Distributable Earnings. The company ended the year with R$69 billion in assets under management and declared a quarterly dividend of US$0.20 per share. Vinci Partners also highlighted a full pipeline of fundraising opportunities for 2024.

Positive

• Strong increase in Fee Related Earnings and Adjusted Distributable Earnings
• R$69 billion in assets under management
• Quarterly dividend of US$0.20 per share declared
• Full pipeline of fundraising opportunities for 2024

Negative

• None.

Insights

Financial Analyst

The disclosed performance metrics of Vinci Partners, specifically the 14% and 17% year-over-year increases in Fee Related Earnings (FRE) and Distributable Earnings (DE) respectively, are significant indicators of the company's operational efficiency and profitability. These figures suggest a robust revenue stream from management and performance fees, which are critical in the alternative investment management industry. The reported R$69 billion in assets under management (AUM) and R$4 billion in capital subscriptions also reflect a healthy growth trajectory and investor confidence. This is particularly noteworthy in the context of Brazil's complex economic environment, where alternative investment firms like Vinci Partners must navigate currency volatility, interest rate fluctuations and political uncertainty.

Regarding dividends, the declaration of a quarterly dividend of US$0.20 per share is indicative of Vinci Partners' commitment to returning value to shareholders and its confidence in ongoing cash flow stability. Investors typically view consistent dividend payments as a positive signal of a company's financial health and management's confidence in future earnings.

Market Research Analyst

Assessing Vinci Partners' strategic positioning within the Brazilian alternative investment sector, the company's robust pipeline and ambitious R$15 billion target fundraising are noteworthy. With 55% of this target already secured, Vinci Partners demonstrates a strong market presence and the ability to attract substantial capital, which is crucial in a competitive landscape. The alternative investment industry in Brazil is relatively less saturated compared to more developed markets, offering growth opportunities for firms like Vinci Partners. However, investors should be aware of the inherent risks associated with emerging markets, such as regulatory changes and economic instability, which can impact asset valuations and investor sentiment.

Economist

Analyzing the broader economic implications, Vinci Partners' financial results could be seen as a microcosm of the Brazilian economy's resilience and the attractiveness of its capital markets to both domestic and international investors. The firm's ability to grow its AUM in a challenging economic climate may signal underlying strengths in Brazil's alternative investment sector. Furthermore, Vinci Partners' performance can have a ripple effect on the stock market, potentially influencing investor confidence and contributing to capital inflows into Brazil's financial markets. This could have positive implications for the Brazilian real and the country's investment climate, albeit contingent on maintaining macroeconomic stability and favorable investment conditions.

RIO DE JANEIRO, Feb. 7, 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 fourth quarter and full year 2023 earnings results.

Vinci Partners has issued a complete earnings release and a detailed presentation in the 'Events & Presentations' section of the company's website at: https://ir.vincipartners.com/news-and-events/events-and-presentations.

Alessandro Horta, Chief Executive Officer stated, "Vinci delivered strong results, with FRE and DE increasing respectively 14 and 17% year-over-year on a per share basis. We ended the year with R$69 billion in assets under management, with more than R$4 billion in capital subscriptions in our Private Markets funds throughout the year. Momentum is great as we enter 2024, our pipeline is full of opportunities to reach our R$15 billion target fundraising, with 55% already in-house."

Dividends

Vinci Partners has declared a quarterly dividend of US$0.20 per share to record holders of common stock at the close of business on February 22, 2024. This dividend will be paid on March 07, 2024.

Financial Highlights

Vinci Partners posted Fee Related Earnings of R$57.3 million in the 4Q'23, or R$1.07 per common share. Adjusted Distributable Earnings for the quarter reached R$63.6 million, or R$1.18 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 4Q23 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, hedge funds, 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-fourth-quarter-and-full-year-2023-earnings-results-302056598.html

SOURCE Vinci Partners Investments Ltd.

FAQ

What were Vinci Partners' Fee Related Earnings in the fourth quarter of 2023?

Vinci Partners posted Fee Related Earnings of R$57.3 million in the 4Q'23, or R$1.07 per common share.

What was the increase in Fee Related Earnings on a per share basis compared to the previous year?

Fee Related Earnings increased by 14% year-over-year on a per share basis.

What was the increase in Adjusted Distributable Earnings on a per share basis compared to the previous year?

Adjusted Distributable Earnings increased by 17% year-over-year on a per share basis.

How much was the quarterly dividend declared by Vinci Partners?

Vinci Partners declared a quarterly dividend of US$0.20 per share.

What was the total assets under management at the end of 2023?

Vinci Partners ended the year with R$69 billion in assets under management.

Where can the webcast and earnings conference call be accessed?

The webcast can be accessed on the company's website in the 'Events & Presentations' section, and the conference call can be accessed by registering at 4Q23 VINP Earnings Dial In.

When will the quarterly dividend be paid?

The quarterly dividend will be paid on March 07, 2024.