Vinci Partners Investments Ltd. (NASDAQ:VINP) Q4 2022 Earnings Conference Call February 14, 2023 5:00 PM ET

Company Participants

Anna Castro - Investor Relations Manager

Alessandro Horta - Chief Executive Officer

Bruno Zaremba - Private Equity Chairman and Head, Investor Relations

Sergio Passos - Chief Financial Officer

Conference Call Participants

Ricardo Buchpiguel - BTG Pactual

Beatriz Abreu - Goldman Sachs

William Barranjard - Itau BBA

Operator

Good afternoon and welcome to the Vinci Partners Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this call will be recorded. I would now like to turn the conference over to Anna Castro, Investor Relations Manager. Please go ahead, Anna.

Anna Castro

Thank you and good afternoon everyone. Joining today are Alessandro Horta, Chief Executive Officer; Bruno Zaremba, Private Equity Chairman and Head of Investor Relations; and Sergio Passos, Chief Financial Officer.

Earlier today, we issued a press release, slide presentation in our financial statements for the quarter, which are available on our website at ir.vincipartners.com. I’d like to remind you that today’s call may include forward-looking statements, which are uncertain and outside of the firm’s control and may differ from actual results materially. We do not undertake any duty to update these statements. For a discussion of some of the risks that could affect results, please see the Risk Factors section of our 20-F. We will also refer to certain non-GAAP measures and you will find reconciliations in the release. Also note that nothing on this call constitutes an offer to sell or solicitation of an offer to purchase an interest in any Vinci Partners Fund.

With that, I will turn the call over to Alessandro.

Alessandro Horta

Thank you, Anna. Good afternoon and thank you all for joining our call. We are very pleased to join you all today as we announce results for the fourth quarter and full year of 2022. Vinci posted adjusted distributable earnings of BRL55.8 million in the quarter.

For the full year of 2022 adjusted distributable earnings totaling BRL247.7 million or BRL4.47 per common share, an increase of 9% in our cash earnings per share when compared for the full year of 2021. Our business model has once again proven its resilience while navigating through more turbulent and uncertain markets. Vinci was able to generate substantial amounts of cash flow backed by predictable FRE with an added contribution from our liquid investment portfolio. As a result, the company will be able to maintain a meaningful dividend distribution to its shareholders. We announced a quarterly dividend of $0.17 on the dollar per common share in the fourth quarter totaling $0.71 in the full year, representing a compelling dividend yield while we undergo a fundraising cycle that can drive significant growth for the following years.