Patria Investments Limited (NASDAQ:PAX) Q3 2022 Results Conference Call November 3, 2022 10:30 AM ET
Company Participants
Josh Wood - Head of Shareholder Relations
Alex Saigh - Chief Executive Officer
Marco D’Ippolito - Chief Financial Officer
Ana Russo - Incoming Chief Financial Officer
Conference Call Participants
Craig Siegenthaler - Bank of America
Ricardo Buchpiguel - BTG Pactual
Tito Labarta - Goldman Sachs
William Barranjard - Itaú BBA
Operator
Hello. Thank you for standing by and welcome to the Patria’s Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised, that today’s conference call is being recorded.
I’d now like to hand the conference over to your speaker today, Josh Wood, Head of Shareholder Relations. Please go ahead.
Josh Wood
Thank you. Good morning, everyone, and welcome to Patria’s third quarter 2022 earnings call. Joining today are our Chief Executive Officer, Alex Saigh; our current Chief Financial Officer, Marco D’Ippolito as well as our incoming Chief Financial Officer Ana Russo. Earlier this morning, we issued a press release and earnings presentation detailing our results for the third quarter, which you can find posted on our Investor Relations website at ir.patria.com or on Form 6-K filed with the Securities and Exchange Commission.
Any forward-looking statements made on this call are uncertain do not guarantee future performance, and undue reliance should not be placed on them. Patria assumes no obligation and does not intend to update any such forward-looking statements. Such statements are based on current management expectations and involve inherent risks, including those discussed in the Risk Factors section of our latest Form 20-F annual report. Also note that no statements on this call constitute an offer to sell or a solicitation of an offer to purchase an interest in any Patria fund. As a foreign private issuer, Patria reports financial results using International Financial Reporting Standards, or IFRS, as opposed to U.S. GAAP.
Additionally, we will report and refer to certain non-GAAP industry measures, which should not be considered in isolation from or as a substitute for measures prepared in accordance with IFRS. Reconciliations of these measures to the most comparable IFRS measures are included in our earnings presentation. On headline metrics, Patria generated fee-related earnings of $31.7 million and distributable earnings of $29.7 million or $0.20 per share for 3Q ‘22. We declared a quarterly dividend of $0.171 per share payable on December 7 to shareholders of record as of November 15.