Vinci Compass (VINP) Q3 2024 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, December 23, 2025 astatine 10:55 AM CST 35 min read

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Thursday, November 7, 2024 astatine 5 p.m. ET

• Chief Executive Officer — Alessandro Monteiro Morgado Horta

• Partner & Co-Chief Investment Officer — Bruno Augusto Sacchi Zaremba

• Chief Financial Officer — Sergio Passos Ribeiro

On results, Vinci generated fee-related net of R$53.8 cardinal oregon R$1.02 per stock and adjusted distributable net of R$57.1 cardinal oregon R$1.08 per stock for the 3rd 4th 2024. We declared a quarterly dividend of $0.16 connected the dollar per communal stock payable connected December 5th to shareholders of grounds arsenic of November 20th. With that, I'll crook the telephone implicit to Alessandro.

Alessandro Monteiro Morgado Horta: Thank you, Anna. Good evening, and convey you each for joining our call. We are precise pleased to articulation you contiguous arsenic we denote results for the 3rd 4th 2024. To footwear things off, let's commencement with a little overview of our results for the quarter. Vinci reached R$70 cardinal successful AUM, posting an 8% year-over-year growth. Our efforts successful raising superior for backstage marketplace funds proceed to boost our AUM and FRE with highlights this 4th to a small implicit R$0.5 cardinal successful further commitments, including the archetypal coming from a planetary capitalist successful our Credit Infra strategy. We besides saw affirmative nett inflows successful our nationalist equity strategy, which we volition supply much details further successful the call.

While during this quarter, maturation was much measured, we expect a beardown decorativeness to the year. We expect last closings for VCP IV, securing further commitments for VICC and Credit Infra and completing the archetypal closing for SPS IV. While involvement rates successful the U.S. are connected a downward trajectory, Brazil Central Bank is expected to instrumentality humble complaint hikes to proceed to support ostentation escaped expectations nether control. Despite these circumstances, Vinci continues to excel, particularly erstwhile it comes to fundraising successful backstage markets, lasting resilient successful a marketplace wherever galore plus managers constricted to azygous strategies person struggled to stay competitive.

In that sense, we are getting to a constituent wherever the designation of the marque and attractiveness of the level has enactment america successful a antithetic presumption from different section and determination players. We had seen a akin improvement successful the U.S. and European alternate plus markets with the assemblage displaying bigger attraction astir the larger names and we are starting to witnesser the aforesaid improvement successful our Latin America market. Moving connected to our conception earnings. Distributable net reached R$57 cardinal successful the quarter, reflecting a 12% year-over-year summation connected a per stock basis. These results item our firm's robust trajectory and presumption america good to proceed delivering worth and growth.