Patria Investments Limited (NASDAQ:PAX) Q4 2023 Results Conference Call February 15, 2024 9:00 AM ET

Company Participants

Josh Wood - Head of Shareholder Relations

Ana Russo - Chief Financial Officer

Alex Saigh - Chief Executive Officer

Marco D’Ippolito - Chief Corporate Development Officer

Conference Call Participants

Rodrigo Ferrer - Bank of America

Ricardo Buchpiguel - BTG Pactual

Tito Labarta - Goldman Sachs

William Barranjard - IT BBA

Craig Siegenthaler - Bank of America

Operator

Hello, and thank you for standing by. Welcome to Patria's Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your host, Josh Wood, Head of Shareholder Relations. Sir, you may begin.

Josh Wood

Thank you. Good morning, everyone, and welcome to Patria's Fourth Quarter 2023 Earnings Call. Speaking on the call are our Chief Executive Officer, Alex Saigh, our Chief Financial Officer; Ana Russo; and our Chief Corporate Development Officer, Marco D’Ippolito. And we're also joined by our Chief Economist, Luis Fernando Lopez, for the Q&A session.

This morning, we issued a press release and earnings presentation detailing our results for the quarter, which you can find posted on our Investor Relations website 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 made on this call, constitution 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 for the quarter, Patria generated distributable earnings of $70.5 million or $0.47 per share for 2023. We declared a quarterly dividend of $0.399 per share, equating to 85% of distributable earnings per share and payable on March 8 to shareholders of record as of February 22. With that, I'll now turn the call over to Alex.