VINCI PARTNERS REPORTS SECOND QUARTER 2024 EARNINGS RESULTS

Rhea-AI Summary

Vinci Partners Investments (NASDAQ: VINP) reported strong second quarter 2024 earnings results, with Fee Related Earnings up 24% year-over-year on a per share basis. The company's CEO, Alessandro Horta, attributed this growth to exceptional fundraising performance across Private Market strategies, particularly in the Private Equity division. Vinci Partners declared a quarterly dividend of US$0.17 per share, payable on September 05, 2024, to shareholders of record as of August 21, 2024.

Financial highlights include Fee Related Earnings of R$61.9 million (R$1.16 per common share) and Adjusted Distributable Earnings of R$58.4 million (R$1.10 per common share) for Q2 2024. The company has made its detailed earnings release and presentation available on its investor relations website.

Positive

• Fee Related Earnings increased by 24% year-over-year on a per share basis
• Strong fundraising performance across Private Market strategies, especially in Private Equity
• Quarterly dividend of US$0.17 per share declared

Negative

• None.

Financial Analyst

Vinci Partners' Q2 2024 results showcase robust growth in key financial metrics. The 24% year-over-year increase in Fee Related Earnings per share is particularly impressive, indicating strong operational efficiency and successful fundraising efforts. The declared dividend of $0.17 per share maintains a steady income stream for investors.

However, it's important to note that while Fee Related Earnings reached R$61.9 million, the Adjusted Distributable Earnings were slightly lower at R$58.4 million. This discrepancy warrants attention and may suggest some non-recurring expenses or adjustments. The focus on Private Market strategies, especially Private Equity, appears to be paying off, but investors should monitor the sustainability of this growth trajectory in future quarters.

Market Research Analyst

Vinci Partners' strong performance in Q2 2024 reflects a growing appetite for alternative investments in Brazil. The company's success in fundraising, particularly in Private Equity, suggests a favorable market environment for these asset classes. This trend could indicate increasing investor confidence in Brazil's economic prospects and a shift towards more sophisticated investment vehicles.

However, it's important to consider the broader economic context. Brazil's economy has been facing challenges and the sustainability of this growth may depend on both domestic economic policies and global market conditions. Investors should keep an eye on macroeconomic indicators and potential regulatory changes that could impact the alternative investment landscape in Brazil.

RIO DE JANEIRO, Aug. 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 second 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, up 24% year-over-year on a per share basis. This remarkable growth was attributed to our exceptional fundraising performance across Private Market strategies over the last twelve months, with highlight to fundraising in our Private Equity division in the second quarter."

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 August 21, 2024. This dividend will be paid on September 05, 2024.

Financial Highlights

Vinci Partners posted Fee Related Earnings of R$61.9 million in the 2Q'24, or R$1.16 per common share. Adjusted Distributable Earnings for the quarter of R$58.4 million, or R$1.10 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 2Q24 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-second-quarter-2024-earnings-results-302217133.html

SOURCE Vinci Partners Investments Ltd.

FAQ

What were Vinci Partners' (VINP) Fee Related Earnings for Q2 2024?

Vinci Partners reported Fee Related Earnings of R$61.9 million, or R$1.16 per common share, for the second quarter of 2024.

How much is Vinci Partners' (VINP) quarterly dividend for Q2 2024?

Vinci Partners declared a quarterly dividend of US$0.17 per share, payable on September 05, 2024, to shareholders of record as of August 21, 2024.

What was the year-over-year growth in Vinci Partners' (VINP) Fee Related Earnings for Q2 2024?

Vinci Partners reported a 24% year-over-year growth in Fee Related Earnings on a per share basis for the second quarter of 2024.

What were Vinci Partners' (VINP) Adjusted Distributable Earnings for Q2 2024?

Vinci Partners posted Adjusted Distributable Earnings of R$58.4 million, or R$1.10 per common share, for the second quarter of 2024.