Vinci Partners Investments Ltd. (NASDAQ:VINP) Q2 2022 Earnings Conference Call August 11, 2022 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
Kaio Prato – UBS
Tito Labarta – Goldman Sachs
Operator
Good afternoon. And welcome to the Vinci Partners’ Second Quarter, 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. 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 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, Chief Financial Officer.
Earlier today, we issued a press release, slide presentation and 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 some non-GAAP measures and you'll 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'll turn the call over to Alessandro.
Alessandro Horta
Thank you, Anna. Good afternoon, and thank you all for joining our call. We are extremely pleased to join you all today, as we announce results for the second quarter of 2022.
Adjustable distributable earnings totaled BRL61.5 million in the second quarter or BRL1.10 per common share, when adjusted for non-recurring expenses related to our corporate M&A activities incurred in the quarter. This represented an increase of 11% year-over-year.
Vinci announced a quarterly dividend of $0.17 on the dollar per common share. Since our IPO, Vinci had distributed $1 per common share to shareholders as dividend proving our resilience and ability to generate significant amount of cash flow even in the most challenging macro scenarios.