Earnings release
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MNCI partners EARNINGS RELEASE FIRST QUARTER 2021 May 19th , 2021 VINCI PARTNERS REPORTS FIRST QUARTER 2021 EARNINGS RESULTS Announcement of a R $ 85 million Share Repurchase Program Vinci Partners announced today that its board of directors approved a program to buy back up to R $ 85.0 million of the Company's Class A common shares . The program will commence immediately . Vinci Partners expects to finance the purchases with cash balances derived from its Distributable Earnings and does not expect the program to have a material impact on capital levels . In making the announcement , Vinci Partners Chief Executive Officer and Director Alessandro Horta stated , " We are committed to delivering shareholder value , and this buyback program authorization reflects the board's confidence in our current prospects and long - term growth . We believe that the buyback program represents an opportunity to deploy cash from our results in a way that will benefit our shareholders . " Under the share buyback program , buybacks may be made from time - to - time in open market and negotiated purchases , effective immediately . These buybacks will be made in compliance with the SEC's Rule 10b - 18 , subject to market conditions , available liquidity , cash flow , applicable legal requirements and other factors . The specific prices , numbers of shares and timing of purchase transactions will be determined by the Company from time to time in its sole discretion . This program does not obligate the Company to acquire any particular amount of Class A common shares and the program may be suspended or discontinued at any time . The Company had 42,447,349 Class A common shares and 14,466,238 Class B shares issued and outstanding as of May 19 , 2021 . First Quarter 2021 Highlights Fee - Related Earnings ( " FRE " ) i was R $ 50.2 million ( R $ 0.88 / share ) for the quarter ended March 31 , 2021 , up 13 % year - over - year . After - tax Distributable Earnings ( " DE " ) was R $ 47.2 million ( R $ 0.83 / share ) for the quarter ended March 31 , 2021 , up 41 % year - over - year . DE Margin was 42.4 % for the quarter ended March 31 , 2021 , up 1.3 percentage point versus 1Q20 . Assets Under Management ( " AUM " ) and Fee - Earning AUM ( " FEAUM " ) were R $ 55 billion and R $ 52 billion , up 45 % and 48 % year - over - year , respectively , as of March 31 , 2021 . Net cash and Investmentsiv totaled R $ 1,449 million or R $ 25.48 per common share as of March 31 , 2021 . Investor Relations Contact ShareholderRelations@vincipartners.com +55 21 2159-6240 www.ir.vincipartners.com 1