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VINCI COMPASS Second Quarter 2026 Earnings Presentation August 11 , 2026
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2 Disclaimer This presentation contains forward-looking statements that can be identified by the use of words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate” and “potential,” among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. Accordingly, you should not place undue reliance on forward-looking statements. The forward- looking statements included herein speak only as at the date of this presentation and we do not undertake any obligation to update these forward- looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of the presentation. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission (the “SEC”) from time to time, including in the section titled “Risk Factors” in our latest fillings with the SEC. These documents are available on the SEC Filings section of the investor relations section of our website at: https://ir.vincicompass.com/financials/sec-filings. We have prepared this presentation solely for informational purposes. The information in this presentation does not constitute or form part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any of our securities or securities of our subsidiaries or affiliates, not should it or any part of it form the basis of, or be relied on, in connection with any contract to purchase or subscribe for any of our securities or securities of any of our subsidiaries or affiliates, nor shall it or any part of it form the basis of, or be relied on, in connection with any contract or commitment whatsoever. This presentation also includes certain non-GAAP financial information. We believe that such information is meaningful and useful in understanding the activities and business metrics of our operations. We also believe that these non-GAAP financial measures reflect an additional way of viewing aspects of our business that, when viewed with our International Financial Reporting Standards (“IFRS”) results, as issued by the International Accounting Standards Board, provide a more complete understanding of factors and trends affecting our business. Further, investors regularly rely on non-GAAP financial measures to assess operating performance and such measures may highlight trends in our business that may not otherwise be apparent when relying on financial measures calculated in accordance with IFRS. We also believe that certain non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of public companies in our industry, many of which present these measures when reporting their results. The non-GAAP financial information is presented for informational purposes and to enhance understanding of the IFRS financial statements. The non-GAAP measures should be considered in addition to results prepared in accordance with IFRS, but not as a substitute for, or superior to, IFRS results. As other companies may determine or calculate this non-GAAP financial information differently, the usefulness of these measures for comparative purposes is limited. A reconciliation of such non-GAAP financial measures to the nearest GAAP measure is included in this presentation.
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3 0.17 Quarterly Dividend US$ 53bn Capital Formation & Appreciation 2Q’26 LTM R$ Second Quarter 2026 Highlights R$53 billion of capital formation and appreciation in the 2Q’26 LTM and R$13 billion in the 2Q’26, with highlights to Global IP&S, Credit and Real Assets segments See notes and definitions at end of document 89mm FRE 2Q’26 +36% YoY R$ +31% YoY AuM 2Q’26 FRE per share¹ 2Q’26 R$ 1.35 Vinci Compass completed the strategic combination with BACS Asset Management, adding R$4.0 billion in AuM and building a scaled asset management platform in Argentina Vinci Compass announced the acquisition of Navi Real Estate , adding R$0.8 billion in AuM across REITs and closed-end funds and entering a new growth channel for Multi -strategy Real Estate products in Brazil 361bn R$ +19% YoY
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4 Vinci Compass announces the acquisition of Navi’s Real Estate platform expanding its Multi-strategy and Residential presence Notes: As of June 30, 2026; Numbers may not add up due to rounding; ¹Pro forma combined AuM as of June 30, 2026. Navi’s Real Estate Platform Strategic Rationale Multi-strategy ~R$600 mm Flexible allocation across Real Estate cycles: listed vehicles investing in REITs and Real Estate Credit (MBS) Residential ~R$200 mm Scaling Multi -strategy Real Estate R$150 mm Vinci Compass Multi-strategy ~R$750 mm Combined Multi-strategy¹ Greater scale in the REIT market, better positioned for follow-on offerings in favorable markets Deeper footprint Perpetual and long-term lock-up capital, enhancing fee quality Durable fee base High-quality LatAm franchises: strategic, accretive and complementary LatAm consolidator Residential Real Estate in Brazil: income- generating assets or development projects ~R$800 mm in AuM Across Multi -strategy and Residential Real Estate, including 4 REITs listed on B3 or CETIP ~R$600 mm Navi RE Multi-strategy
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5 Financial Highlights
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6 (R$ thousands, unless mentioned) 2Q'25 1Q'26 2Q'26 ∆ YoY(%) 2Q'25 YTD 2Q'26 YTD ∆ YoY(%) Net revenue from management fees 195,569 244,858 252,191 29% 391,098 497,049 27% Net revenue from advisory fees 26,220 16,067 9,047 (65)% 51,073 25,114 (51)% Other revenues 10,944 11,040 11,190 2% 22,206 22,230 0% Total Fee Related Revenues 232,733 271,965 272,428 17% 464,377 544,393 17% Segment personnel expenses (20,682) (24,731) (26,609) 29% (40,807) (51,340) 26% Other G&A expenses (17,423) (19,298) (19,085) 10% (32,854) (38,383) 17% Placement Fee Amortization and Rebates (17,792) (20,823) (23,781) 34% (38,807) (44,604) 15% Corporate center expenses (78,484) (70,234) (75,927) (3)% (156,136) (146,161) (6)% Bonus compensation related to management and advisory (33,127) (40,572) (38,363) 16% (64,871) (78,935) 22% Total Fee Related Expenses (167,509) (175,657) (183,765) 10% (333,476) (359,422) 8% FEE RELATED EARNINGS (FRE) 65,224 96,308 88,663 36% 130,901 184,971 41% FRE Margin (%) 28.0% 35.4% 32.5% 28.2% 34.0% FRE per share¹ (R$/share) 1.03 1.47 1.35 31% 2.07 2.82 37% Net revenue from performance fees 8,342 2,890 7,345 (12)% 11,419 10,235 (10)% Performance based compensation (3,683) (1,271) (3,214) (13)% (5,033) (4,485) (11)% PERFORMANCE RELATED EARNINGS (PRE) 4,660 1,619 4,131 (11)% 6,387 5,750 (10)% PRE Margin (%) 55.9% 56.0% 56.2% 55.9% 56.2% (+) Realized GP investment income 13,576 6,093 8,719 (36)% 17,861 14,812 (17)% (+) Unrealized GP investment income (2,512) (2,595) (7,564) 201% (2,791) (10,159) 264% INVESTMENT RELATED EARNINGS (IRE) 11,064 3,498 1,155 (90)% 15,070 4,653 (69)% (-) Unrealized performance fees 8,711 – – N/A 8,711 – N/A (+) Unrealized performance compensation (3,083) – – N/A (3,083) – N/A (-) Unrealized GP investment income 2,512 2,595 7,564 201% 2,791 10,159 264% SEGMENT DISTRIBUTABLE EARNINGS 89,088 104,020 101,513 14% 160,777 205,533 28% Segment DE Margin (%) 33.8% 37.0% 35.2% 32.0% 36.1% (+) Depreciation and amortization 2,779 2,765 2,806 1% 6,140 5,571 (9)% (+) Realized financial income 21,804 9,390 8,169 (63)% 36,227 17,559 (52)% (-) Leasing expenses (3,722) (3,891) (4,452) 20% (7,480) (8,343) 12% (-) Other items² (20,758) (21,034) (20,972) 1% (34,762) (42,006) 21% (-) Non-operational expenses³ (618) (314) (1,828) 196% (873) (2,142) 145% (-) Income taxes (excluding related to unrealized fees and income) (13,236) (21,693) (15,629) 18% (22,614) (37,322) 65% (-) Minority Interest⁴ – (7,298) (8,101) N/A – (15,399) N/A DISTRIBUTABLE EARNINGS (DE) 75,337 61,945 61,506 (18)% 137,415 123,451 (10)% DE Margin (%) 26.4% 21.3% 20.7% 25.5% 21.0% DE per share (R$/share)⁵ 1.19 0.95 0.94 (21)% 2.17 1.88 (13)% (+) Non-operational expenses (including Income Tax effect) 422 292 1,811 329% 650 2,103 224% ADJUSTED DISTRIBUTABLE EARNINGS⁶ 75,759 62,237 63,317 (16)% 138,065 125,554 (9)% Adjusted DE Margin (%) 26.6% 21.4% 21.3% 25.6% 21.4% Adjusted DE per share7 (R$/share) 1.20 0.95 0.96 (19)% 2.18 1.92 (12)% See notes and definitions at end of document Second Quarter 2026 Segment Earnings
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7 78% 18% 8% (1)% (2)% Capital Formation & Appreciation 2Q’26 LTM Global IP&S Credit Real Assets Equities Private Equity 230 264 274 30 37 43 16 16 15 12 15 15 16 15 14 304 347 361 2Q'25 1Q'26 2Q'26 Global IP&S Credit Equities Real Assets Private Equity Total Assets Under Management and Advisory AuM 2Q’26 vs 1Q’26 vs. 2Q’25 ( R$bn)• Total assets under management and advisory (AuM¹) of R$361.2 billion, up 19% year-over-year, driven by capital formation and appreciation across Global IP&S, Credit and Real Assets and the acquisitions of Verde and BACS • AuM growth of 4% in the quarter was pushed by portfolio appreciation across Global IP&S and Credit, as well as the acquisition of BACS. The quarter was negatively impacted by FX variation, capital returns in TPD Alternative and outflows in TPD Liquid • Capital subscriptions of R$0.8 billion in the quarter across SPS IV, MAV IV and Lacan IV, new vintages currently in the fundraising phase R$53.2 billion See notes and definitions at end of document
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8 Vinci Compass recognizes the performance revenue according to IFRS 15. Unrealized performance fees are recognized only when is highly probable that the revenue will not be reversed in the Income Statement. The fund FIP Infra Transmissão in Infrastructure had R$1.7 million as of the end of the second quarter of 2026 booked as unrealized performance fees in the company’s balance sheet. Accrued performance fees shown for Private Equity funds of R$70.2 million, Credit funds of R$52.5 million and Real Assets funds of R$4.8 million, as of the end of the second quarter of 2026, have not been booked as unrealized performance fees in the company’s balance sheet. Additional Capital Detail 54% 41% 5% • Total performance fee eligible AUM (PEAUM) of R$45.4 billion in the 2Q’26 • Our PEAUM is distributed across three different types of indexes: Preferred Return with Catch-Up¹, Preferred Return² and Hurdle³ • Gross accrued performance fees of R$129.2 million in the 2Q’26 Performance Eligible AUM R$129 mm 24% 22% 20% 19% 15% Private Equity Credit Equities Global IP&S Real Assets Gross Accrued Performance Fees R$45 bn
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9 Fee Related Revenues Management fees were R$252.2 million in the 2Q’26, up 29% year-over-year. The increase was driven by inorganic growth from the Verde and BACS transactions and organic growth across Credit and Global IP&S Fee Related Revenues 2Q’26 vs. 2Q’25 (R$mm) Fee Related Revenues 2Q’26 YTD vs. 2Q’25 YTD (R$mm) Advisory fees totaled R$9.0 million in the 2Q’26, down 65% year-over-year. Upfront fees charged by Third Party Distribution Alternative business vary based on the timing of commitments. In addition, revenues from the Corporate Advisory segment declined due to quieter deal activity amid a high-interest rate environment with electoral uncertainties Fee Related Revenues of R$544.4 million in the 2Q’26 YTD, up 17% YoY. The growth was driven by Verde and BACS acquisitions and continued fundraising momentum across different countries and strategies +17% +17% 196 252 26 9 11 11 233 272 2Q'25 2Q'26 Management fees Advisory fees Other revenues 391 497 51 25 22 22 464 544 2Q'25 YTD 2Q'26 YTD Management fees Advisory fees Other revenues
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10 14 9 (3) (8) 11 1 2Q'25 2Q'26 65 89 2Q'25 2Q'26 5 4 2Q'25 2Q'26 Financial Metrics 2Q’26 overview Fee Related Earnings (FRE) of R$88.7 million and R$1.35/share • FRE growth was driven by higher management fees, reflecting the contribution of Verde and BACS, as well as organic growth across Credit and Global IP&S, with FRE margin at 33% Performance Related Earnings (PRE) of R$4.1 million and R$0.06/share • Realized performance fees in Credit, Equities and Global IP&S segments. The year-over-year comparison was impacted by higher performance fees in Equities in the 2Q’25, supported by stronger local stock market performance in the period Investment Related Earnings (IRE) of R$1.2 million and R$0.02/share Fee Related Earnings (FRE) (R$mm) +36% 33%28% 1.03 1.35 (11)% Performance Related Earnings (PRE) (R$mm) 56%56% • IRE in the 2Q’26 was driven by REITs dividends and a Real Estate closed-end fund realization, partially offset by a decrease in Real Estate funds’ mark-to-market. In the 2Q’25, IRE benefited from the FIP Infra Transmissão contribution, following the conclusion of the fund’s cycle Investment Related Earnings (IRE) (R$mm) % FRE margin FRE per share % PRE margin (90)% Realized GP Investment Income Unrealized GP Investment Income
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11 18 15 (3) (10) 15 5 2Q'25 YTD 2Q'26 YTD 6 6 2Q'25 YTD 2Q'26 YTD 131 185 2Q'25 YTD 2Q'26 YTD Financial Metrics 2Q’26 YTD overview Fee Related Earnings (FRE) of R$185.0 million and R$2.82/share • The contribution of Verde for the full period and BACS in June 2026, alongside organic fundraising throughout 2Q’26 YTD, led to higher FRE in the period with FRE margin reaching 34% Performance Related Earnings (PRE) of R$5.8 million and R$0.09/share • Both periods recorded performance fees from liquid funds across Credit, Equities and Global IP&S, with performance fees in Equities slightly higher in the 2Q’25 YTD than in the 2Q’26 YTD due to stronger local stock market performance Investment Related Earnings (IRE) of R$4.7 million and R$0.07/share • The 2Q’26 YTD was supported by Real Estate contributions, including a higher one-off REIT dividend distribution and the realization of a closed-end fund, partially offset by lower fair value marks. The 2Q’25 YTD was positively impacted by the realization of the FIP Infra Transmissão fund +41% % FRE margin FRE per share Fee Related Earnings (FRE) (R$mm) 34%28% 2.07 2.82 Performance Related Earnings (PRE) (R$mm) 56%56% (10)% % PRE margin Investment Related Earnings (IRE) (R$mm) (69)% Realized GP Investment Income Unrealized GP Investment Income
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12 138 126 2Q'25 YTD 2Q'26 YTD 76 63 2Q'25 2Q'26 Adjusted Distributable Earnings (Adj. DE) See notes and definitions at end of document Adj. DE 2Q’26 vs. 2Q’25 (R$mm) 21%27% 1.20 0.96 Adj. DE 2Q’26 YTD vs. 2Q’25 YTD (R$mm) 21%26% 2.18 1.92 Adj. DE per share % Adj. DE marginAdj. DE per share % Adj. DE margin (9)% (16)% Adj. DE in the 2Q’26 and in the 2Q’26 YTD was impacted primarily by the decline in realized financial income as capital calls have transferred this capital to private funds from liquid funds. In addition, lower realized performance fees and realized IRE, mainly reflecting the FIP Infra Transmissão realization in the 2Q'25, also affected the year-over-year comparison Realized financial income decreased 63% year-over-year in the 2Q’26 and 52% year-over-year in the 2Q’26 YTD, as capital calls from IRE commitments reduced the cash position. Going forward, proprietary funds remain in the investment phase and are expected to continue drawing capital according to their capital call schedules
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13 21% 19% 17% 20% 15% 5% 3% Fair Value of Investments - IRE Commitment Balance Sheet Highlights & IRE Commitments (IN R$ MILLIONS, UNLESS MENTIONED) 1Q'26 2Q'26 Cash and cash equivalents¹ 208.5 225.0 Net Investments 1,110.6 1,061.1 Liquid funds² 242.3 171.4 IRE Commitments³ 868.4 890.4 Debt obligations4 (565.2) (561.7) Net Cash and Investments 754.0 725.1 Net Cash and Net Investments per share⁵ (R$/share) 11.53 11.04 Net Cash and Investments of R$725.1 million in the 2Q’26, including cash and cash equivalents, investments in liquid funds, IRE Commitments and debt obligations R$ 890.4 mm 25% 24% 15% 15% 14% 4% 2% 1% Private Equity Credit Infrastructure REITs Real Estate Global IP&S Public Equities Forestry Total Capital Committed R$1.5 billion
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14 868.4 55.8 (23.5) (9.8) (0.4) 890.4 1Q'26 Capital Called Principal Returned Gross Capital Gain Returned Appreciation 2Q'26 See notes and definitions at end of document IRE Proprietary Fund Commitments Fair Value of Investments (R$ mm) IRE Commitments Overview Per share R$13.56R$13.27 Total Capital Committed R$1,498.1 million Total Capital Called R$963.8 million Fair Value of Investments R$890.4 million Accum. Capital Returned R$243.3 million As of 2Q’26, Vinci Compass had R$1,498.1 million in capital commitments signed to proprietary funds mostly across Private Equity, Infrastructure, Credit and Real Estate Total capital called of R$963.8 million, representing 64.3% of the total capital committed to proprietary funds as of June 30, 2026 Fair Value of Investments account for R$890.4 million
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15 Segment Highlights
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16 41% 23% 17% 16% 4% (1)% 38% 23% 16% 19% 5% (1)% Global IP&S Credit Private Equity Real Assets Equities Corporate Advisory Financials by Segment Fee Related Earnings (FRE) 2Q’26 YTD by Segment Segment Distributable Earnings (DE) 2Q’26 YTD by Segment Fee Related Earnings (FRE) were R$185.0 million in the 2Q’26 YTD, with 41% of FRE coming from Global IP&S, Credit accounting for 23%, Private Equity with 17%, followed by Real Assets with 16%, Equities accounting for 4% and Corporate Advisory for negative 1% Segment Distributable Earnings (DE) were R$205.5 million in the 2Q’26 YTD, with 38% coming from Global IP&S, followed by Credit with 23%, Real Assets with 19%, Private Equity accounting for 16%, Equities for 5% and Corporate Advisory for negative 1% R$206 mm R$185 mm
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17 TPD Liquid 48% TPD Alternative 27% Global Solutions 8% Separate Mandates 7% Multi-strategy 5% Advisory & Execution 3% Other 2% Global IP&S AUM Breakdown by Strategy See notes and definitions at end of document Global Investment Products & Solutions (Global IP&S) R$274 bn AuM Management fees of R$101.7 million in the 2Q’26, up 70% year-over-year, driven by the acquisition of Verde and the fundraising momentum in TPD Liquid and Global Solutions over the last twelve months Advisory fees of R$7.1 million in the 2Q’26, down 60% year-over-year, coming from upfront fees¹ charged in TPD² Alternative strategy. These fees can vary significantly across quarters depending on the timing of commitments AuM ended the 2Q’26 at R$274.0 billion, up 19% year-over- year and 4% quarter-over-quarter. In the quarter, portfolio appreciation and inflows in TPD Alternative and Global Solutions were partially offset by capital returns in TPD Alternative, outflows in TPD Liquid and local funds, and FX variation in U.S. dollar-denominated Global IP&S funds (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees 59,691 103,833 101,717 70% 125,316 205,550 64% Net revenue from advisory fees 17,527 13,968 7,085 (60)% 40,074 21,053 (47)% Other revenues 10,748 11,040 11,190 4% 21,833 22,230 2% Total Fee Related Revenues 87,966 128,841 119,992 36% 187,223 248,833 33% Segment personnel expenses (5,841) (9,977) (11,040) 89% (12,140) (21,017) 73% Other G&A expenses (8,383) (11,682) (11,504) 37% (15,426) (23,186) 50% Placement Fee Amortization and Rebates (9,683) (10,201) (10,532) 9% (19,122) (20,733) 8% Corporate center expenses (39,995) (35,246) (36,694) (8)% (82,017) (71,940) (12)% Bonus compensation related to management and advisory (11,598) (19,326) (16,158) 39% (25,017) (35,484) 42% Total Fee Related Expenses (75,501) (86,432) (85,929) 14% (153,722) (172,361) 12% FEE RELATED EARNINGS (FRE) 12,466 42,409 34,062 173% 33,501 76,471 128% FRE Margin (%) 14.2% 32.9% 28.4% 17.9% 30.7% Net revenue from performance fees 536 712 1,320 146% 1,830 2,032 11% Realized performance fees 536 712 1,320 146% 1,830 2,032 11% Unrealized performance fees – – – N/A – – N/A Performance based compensation (265) (313) (566) 113% (828) (879) 6% PERFORMANCE RELATED EARNINGS (PRE) 270 399 754 179% 1,003 1,153 15% PRE Margin (%) 50.5% 56.0% 57.1% 54.8% 56.7% (+) Realized GP investment income 397 360 28 (93)% 692 388 (44)% (+) Unrealized GP investment income (123) 714 (974) 694% (689) (260) (62)% INVESTMENT RELATED EARNINGS (IRE) 274 1,074 (946) N/A 4 128 3,324% (-) Unrealized GP investment income 123 (714) 974 694% 689 260 (62)% (-) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 13,133 43,168 34,844 165% 35,196 78,012 122% Segment DE Margin (%) 14.8% 33.2% 28.7% 18.5% 31.0% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions ) 228,773 262,178 272,544 19% 228,773 272,544 19% AVERAGE FEE RATE (%) 0.13% 0.18% 0.18% 0.13% 0.18% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions) EX-UPFRONTS 4 182,317 213,452 224,689 23% 182,317 224,689 23% AVERAGE FEE RATE (%) EX -UPFRONTS 0.16% 0.22% 0.22% 0.16% 0.22%
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18 Local Currency High Grade & High Yield 43% Hard Currency High Grade & High Yield 23% Real Estate & Infrastructure Credit 11% Structured Credit & Confirming 9% Opportunistic Capital Solutions 7% Diversified Private Credit 4% Agribusiness 3% Credit AuM Breakdown by Strategy Credit R$43 bn AuM Fee Related Earnings (FRE) in the 2Q’26 increased 101% year-over-year, driven by strong fundraising, particularly from SPS IV, which generated catch-up fees, and MAV IV. The growth was also supported by the Verde contribution during the full period and the one-month contribution from BACS The launch of MAV IV and new commitments in SPS IV resulted in over R$500 million in capital subscriptions in the 2Q’26. Capital formation and appreciation in the period totalled R$2.0 billion, reflecting the continued strength of our one-stop-shop credit platform across both local-to-local and cross-border strategies (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees 54,518 62,572 73,125 34% 107,336 135,697 26% Net revenue from advisory fees – – – N/A – – N/A Other revenues – – – N/A – – N/A Total Fee Related Revenues 54,518 62,572 73,125 34% 107,336 135,697 26% Segment personnel expenses (6,928) (6,772) (7,218) 4% (13,779) (13,990) 2% Other G&A expenses (3,191) (3,513) (3,073) (4)% (5,752) (6,586) 15% Placement fee amortization and rebates (7,525) (8,576) (10,919) 45% (15,590) (19,495) 25% Corporate center expenses (17,207) (16,306) (18,886) 10% (34,330) (35,192) 3% Bonus compensation related to management and advisory (8,196) (8,643) (10,001) 22% (16,213) (18,644) 15% Total Fee Related Expenses (43,047) (43,810) (50,098) 16% (85,664) (93,908) 10% FEE RELATED EARNINGS (FRE) 11,471 18,762 23,028 101% 21,673 41,790 93% FRE Margin (%) 21.0% 30.0% 31.5% 20.2% 30.8% Net revenue from performance fees 4,507 161 4,081 (9)% 4,522 4,242 (6)% Realized performance fees 4,507 161 4,081 (9)% 4,522 4,242 (6)% Unrealized performance fees – – – N/A – – N/A Performance based compensation (1,959) (62) (1,782) (9)% (1,961) (1,844) (6)% PERFORMANCE RELATED EARNINGS (PRE) 2,548 99 2,298 (10)% 2,561 2,397 (6)% PRE Margin (%) 56.5% 61.5% 56.3% 56.6% 56.5% (+) Realized GP investment income 1,816 1,650 2,396 32% 3,292 4,046 23% (+) Unrealized GP investment income 4,703 (824) (246) N/A 8,736 (1,070) N/A INVESTMENT RELATED EARNINGS (IRE) 6,519 826 2,150 (67)% 12,028 2,976 (75)% (-) Unrealized GP investment income (4,703) 824 246 N/A (8,736) 1,070 N/A (-) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 15,835 20,511 27,722 75% 27,527 48,233 75% Segment DE Margin (%) 26.0% 31.9% 34.8% 23.9% 33.5% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions ) 29,908 36,232 42,051 41% 29,908 42,051 41% AVERAGE FEE RATE (%) 0.76% 0.71% 0.77% 0.76% 0.74% Total AuM of R$42.5 billion, up 40% year - over-year
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19 VCP III 54% VCP IV 22% VCP II 14% VIR IV 7% Other 3% Private Equity AuM Breakdown by Flagship Private Equity R$14 bn AuM Fee Related Earnings (FRE) of R$14.3 million in the 2Q’26 and R$31.2 million in the 2Q’26 YTD. The decrease in both periods reflects the combined impact of FX variation and lower management fees from funds entering divestment period The VCP team continues to source new investment opportunities for Fund IV and pursue exits across Funds II and III, as the VIR team is concentrated on structuring the next impact investing vintage, VIR V (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees 30,710 28,017 27,290 (11)% 62,005 55,307 (11)% Net revenue from advisory fees – – – N/A – – N/A Other revenues – – – N/A – – N/A Total Fee Related Revenues 30,710 28,017 27,290 (11)% 62,005 55,307 (11)% Segment personnel expenses (1,178) (1,291) (1,395) 18% (2,346) (2,686) 14% Other G&A expenses (1,393) (303) (1,312) (6)% (2,191) (1,615) (26)% Placement fee amortization and rebates (363) (356) (352) (3)% (730) (708) (3)% Corporate center expenses (6,518) (5,690) (6,229) (4)% (12,550) (11,919) (5)% Bonus compensation related to management and advisory (3,636) (3,402) (3,752) 3% (7,134) (7,154) 0% Total Fee Related Expenses (13,088) (11,041) (13,040) (0)% (24,949) (24,081) (3)% FEE RELATED EARNINGS (FRE) 17,622 16,976 14,250 (19)% 37,055 31,226 (16)% FRE Margin (%) 57.4% 60.6% 52.2% 59.8% 56.5% Net revenue from performance fees – – – N/A – – N/A Realized performance fees – – – N/A – – N/A Unrealized performance fees – – – N/A – – N/A Performance based compensation – – – N/A – – N/A PERFORMANCE RELATED EARNINGS (PRE) – – – N/A – – N/A PRE Margin (%) N/A N/A N/A N/A N/A (+) Realized GP investment income 1,692 – 737 (56)% 1,692 737 (56)% (+) Unrealized GP investment income (5,316) (405) (2,253) (58)% (11,543) (2,658) (77)% INVESTMENT RELATED EARNINGS (IRE) (3,624) (405) (1,516) (58)% (9,851) (1,921) (80)% (-) Unrealized GP investment income 5,316 405 2,253 (58)% 11,543 2,658 (77)% (-) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 19,314 16,976 14,988 (22)% 38,747 31,964 (18)% Segment DE Margin (%) 59.6% 60.6% 53.5% 60.8% 57.0% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions ) 12,710 12,287 11,524 (9)% 12,710 11,524 (9)% AVERAGE FEE RATE (%) 1.01% 0.96% 0.98% 1.00% 0.97% AuM ended the 2Q’26 at R$14.2 billion, down 5% quarter-over-quarter. The quarter was impacted by capital returns across different vintages, FX variation and a decrease in mark-to-market, following the listing of a VCP III portfolio company on the NYSE with subsequent stock price depreciation during the first half of 2026
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20 Total AuM of R$15.5 billion, flat year -over- year Brazil 72% Chile 18% Mexico 3% Argentina 3% LatAm 2% Global 2% Equities AuM Breakdown by Strategy Equities R$15 bn AuM Fee Related Revenues of R$21.1 million in the 2Q’26, up 13% YoY. The growth was driven by the contribution of Verde and portfolio appreciation over the last twelve months Equities AuM in the quarter reflected the combined effect of the BACS acquisition, local stock market depreciation, net outflows amid macro volatility and FX variation (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees 18,686 21,356 21,091 13% 37,480 42,447 13% Net revenue from advisory fees – – – N/A – – N/A Other revenues – – – N/A – – N/A Total Fee Related Revenues 18,686 21,356 21,091 13% 37,480 42,447 13% Segment personnel expenses (2,969) (3,006) (3,302) 11% (5,238) (6,308) 20% Other G&A expenses (1,497) (2,012) (1,892) 26% (3,618) (3,904) 8% Placement fee amortization and rebates (1,402) (1,463) (1,751) 25% (2,953) (3,214) 9% Corporate center expenses (5,991) (6,325) (6,430) 7% (11,692) (12,755) 9% Bonus compensation related to management and advisory (2,601) (4,208) (3,861) 48% (5,163) (8,069) 56% Total Fee Related Expenses (14,460) (17,014) (17,236) 19% (28,663) (34,250) 19% FEE RELATED EARNINGS (FRE) 4,226 4,342 3,855 (9)% 8,817 8,197 (7)% FRE Margin (%) 22.6% 20.3% 18.3% 23.5% 19.3% Net revenue from performance fees 3,299 2,017 1,943 (41)% 5,066 3,960 (22)% Realized performance fees 3,299 2,017 1,943 (41)% 5,066 3,960 (22)% Unrealized performance fees – – – N/A – – N/A Performance based compensation (1,426) (896) (866) (39)% (2,212) (1,762) (20)% PERFORMANCE RELATED EARNINGS (PRE) 1,873 1,121 1,078 (42)% 2,854 2,199 (23)% PRE Margin (%) 56.8% 55.6% 55.5% 56.3% 55.5% (+) Realized GP investment income – – – N/A – – N/A (+) Unrealized GP investment income 1,997 – – (100)% 3,790 – (100)% INVESTMENT RELATED EARNINGS (IRE) 1,997 – – (100)% 3,790 – (100)% (-) Unrealized GP investment income (1,997) – – (100)% (3,790) – (100)% (-) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 6,099 5,463 4,933 (19)% 11,671 10,396 (11)% Segment DE Margin (%) 27.7% 23.4% 21.4% 27.4% 22.4% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions ) 15,502 16,036 15,444 (0)% 15,502 15,444 (0)% AVERAGE FEE RATE (%) 0.51% 0.57% 0.56% 0.53% 0.57%
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21 Infrastructure 44% Real Estate 42% Forestry 13% Real Assets AuM Breakdown by Strategy Real Assets Total AuM of R$15.1 billion, up 24% year - over-year R$15 bn AuM Fee Related Earnings (FRE) reached R$29.2 million in the 2Q’26 YTD, up 7% year-over-year. Excluding the catch-up fees from the VICC final closing in the 2Q’25, FRE increased 40% year-over-year, supported by higher management fees across strategies The FIP Infra Transmissão fund realization positively impacted both realized performance fees and realized GP investment income in the 2Q’25, following the conclusion of the fund’s cycle. As a result, IRE and Segment DE were higher in the 2Q’25 and in the 2Q’25 YTD compared to the same periods in 2026 (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees 31,963 29,080 28,968 (9)% 58,960 58,048 (2)% Net revenue from advisory fees 473 460 519 10% 2,322 979 (58)% Other revenues 197 – – (100)% 374 – (100)% Total Fee Related Revenues 32,633 29,540 29,487 (10)% 61,656 59,027 (4)% Segment personnel expenses (3,054) (2,939) (2,879) (6)% (6,040) (5,818) (4)% Other G&A expenses (2,676) (1,664) (1,053) (61)% (5,450) (2,717) (50)% Placement fee amortization and rebates 1,181 (227) (227) N/A (413) (454) 10% Corporate center expenses (7,712) (5,539) (6,379) (17)% (13,642) (11,918) (13)% Bonus compensation related to management and advisory (4,829) (4,533) (4,358) (10)% (8,912) (8,891) (0)% Total Fee Related Expenses (17,089) (14,901) (14,894) (13)% (34,457) (29,795) (14)% FEE RELATED EARNINGS (FRE) 15,543 14,639 14,593 (6)% 27,199 29,232 7% FRE Margin (%) 47.6% 49.6% 49.5% 44.1% 49.5% Net revenue from performance fees 1 – 1 (11)% 1 1 (11)% Realized performance fees 8,713 – 1 (100)% 8,713 1 (100)% Unrealized performance fees (8,711) – – (100)% (8,711) – (100)% Performance based compensation (32) – – (100)% (32) – (100)% PERFORMANCE RELATED EARNINGS (PRE) (31) – 1 N/A (31) 1 N/A PRE Margin (%) (2,759.3)% N/A 100.0% N/A 100.0% (+) Realized GP investment income 9,672 4,083 5,558 (43)% 12,184 9,641 (21)% (+) Unrealized GP investment income (3,773) (2,080) (4,091) 8% (3,086) (6,171) 100% INVESTMENT RELATED EARNINGS (IRE) 5,899 2,003 1,467 (75)% 9,098 3,470 (62)% (-) Unrealized GP investment income 3,773 2,080 4,091 8% 3,086 6,171 100% (-) Unrealized performance fees 8,711 – – (100)% 8,711 – (100)% (+) Unrealized performance compensation (3,083) – – (100)% (3,083) – (100)% SEGMENT DISTRIBUTABLE EARNINGS 30,813 18,722 20,151 (35)% 44,981 38,873 (14)% Segment DE Margin (%) 60.4% 55.7% 57.5% 54.5% 56.6% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions ) 12,026 12,703 12,473 4% 12,026 12,473 4% AVERAGE FEE RATE (%) 1.13% 0.97% 0.97% 1.05% 0.97%
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22 Corporate Advisory Fee Related Earnings (FRE) and Segment Distributable Earnings totaled negative R$1.1 million in the 2Q’26 (R$ THOUSANDS, UNLESS MENTIONED) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) Net revenue from management fees – – – N/A – – N/A Net revenue from advisory fees 8,220 1,639 1,443 (82)% 8,677 3,082 (64)% Other revenues – – – N/A – – N/A Total Fee Related Revenues 8,220 1,639 1,443 (82)% 8,677 3,082 (64)% Segment personnel expenses (712) (746) (775) 9% (1,265) (1,521) 20% Other G&A expenses (284) (124) (251) (12)% (418) (375) (10)% Placement fee amortization and rebates – – – N/A – – N/A Corporate center expenses (1,061) (1,128) (1,309) 23% (1,905) (2,437) 28% Bonus compensation related to management and advisory (2,267) (460) (233) (90)% (2,433) (693) (72)% Total Fee Related Expenses (4,323) (2,459) (2,568) (41)% (6,020) (5,027) (17)% FEE RELATED EARNINGS (FRE) 3,897 (820) (1,125) N/A 2,657 (1,945) N/A FRE Margin (%) 47% (50)% (78)% 31% (63)% SEGMENT DISTRIBUTABLE EARNINGS 3,897 (820) (1,125) N/A 2,657 (1,945) N/A Segment DE Margin (%) 47% (50)% (78)% 31% (63)% In an environment of high-interest rates and electoral uncertainties, M&A and debt structuring activity has been more subdued. Against this backdrop, the Corporate Advisory team is working on an extensive pipeline of opportunities for the second half of 2026
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23 Supplement Details
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24 See notes and definitions at end of document AuM¹ Rollforward In R$ millions Global IP&S Credit Private Equity Equities Real Assets Total Beginning balance 263,503 36,813 14,975 16,086 15,427 346,803 (+/-) Capital Subscription / (Capital Return) 241 429 (93) – (109) 468 (+) Capital Subscription 241 542 – – 28 811 (-) Capital Return – (113) (93) – (137) (343) (+) Acquisitions – 3,979 – 30 – 4,009 (+/-) Net Inflow / Outflow (5,694) 513 – (64) (5) (5,250) (+/-) FX Variation (1,962) (195) (17) (36) (35) (2,245) (+/-) Appreciation / (Depreciation) 17,877 964 (695) (526) (212) 17,409 Ending balance 273,965 42,503 14,170 15,490 15,066 361,195 For the Three Months Ended June 30, 2026 In R$ millions Global IP&S Credit Private Equity Equities Real Assets Total Beginning balance 230,155 30,459 15,769 15,552 12,123 304,057 (+/-) Capital Subscription / (Capital Return) 235 401 (208) – 2,180 2,608 (+) Capital Subscription 241 1,172 1 – 3,155 4,570 (-) Capital Return (6) (771) (209) – (976) (1,962) (+) Acquisitions 14,458 4,495 – 651 – 19,603 (+/-) Net Inflow / Outflow 9,802 5,556 – (2,912) (14) 12,433 (+/-) FX Variation (11,868) (1,209) (108) (268) (229) (13,682) (+/-) Appreciation / (Depreciation) 31,184 2,801 (1,282) 2,467 1,006 36,176 Ending balance 273,965 42,503 14,170 15,490 15,066 361,195 For the Twelve Months Ended June 30, 2026
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25 See notes and definitions at end of document Fee-Earning AuM¹ Rollforward In R$ millions Global IP&S Credit Private Equity Equities Real Assets Total Beginning balance 262,178 36,232 12,287 16,036 12,703 339,435 (+/-) Capital Subscription / (Capital Return) 241 429 (93) – (109) 468 (+) Capital Subscription 241 542 – – 28 811 (-) Capital Return – (113) (93) – (137) (343) (+) Acquisitions – 3,979 – 30 – 4,009 (+/-) Net Inflow / Outflow (5,770) 645 – (65) (5) (5,196) (+/-) FX Variation (1,957) (191) (7) (36) (13) (2,205) (+/-) Appreciation / (Depreciation) 17,852 958 (662) (520) (102) 17,525 Ending balance 272,544 42,051 11,524 15,444 12,473 354,036 For the Three Months Ended June 30, 2026 In R$ millions Global IP&S Credit Private Equity Equities Real Assets Total Beginning balance 228,773 29,908 12,710 15,502 12,026 298,920 (+/-) Capital Subscription / (Capital Return) 235 392 (208) – (494) (75) (+) Capital Subscription 241 1,163 – – 482 1,886 (-) Capital Return (6) (771) (208) – (976) (1,960) (+) Acquisitions 14,458 4,495 – 651 – 19,603 (+/-) Net Inflow / Outflow 9,686 5,396 – (2,901) (14) 12,166 (+/-) FX Variation (11,837) (1,185) (99) (267) (66) (13,453) (+/-) Appreciation / (Depreciation) 31,229 3,045 (880) 2,459 1,021 36,874 Ending balance 272,544 42,051 11,524 15,444 12,473 354,036 For the Twelve Months Ended June 30, 2026
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26 Investment records – Credit and Equities Funds Fund or Strategy Segment NAV¹ (R$ millions) 2Q’26 YTD 12 M 24 M Market Comparison Hurdle Rate Vinci Total Return² Equities 228.2 (6.5)% 1.2% 12.3% 29.5% IPCA + Yield IMA-B IPCA + Yield IMA-B Mosaico Strategy³ Equities 871.3 (4.8)% 7.2% 20.5% 32.8% IBOV IBOV Vinci Gas Dividendos FIA Equities 342.1 (6.9)% 6.8% 21.8% 38.4% IBOV IBOV Compass CRECE+ Equities 255.0 1.2% 9.9% 24.2% 54.1% S&P/BMV IPC N/A Compass Crecimiento Equities 367.4 6.4% 5.1% 56.2% 97.3% S&P MERVAL N/A Compass Small Cap Chile Equities 1,770.5 (0.6)% (0.6)% 27.9% 58.1% N/A N/A Vinci Crédito Imobiliário II Credit 659.0 2.0% 5.6% 9.9% 21.1% IPCA IPCA + 6% Vinci Energia Sustentável Credit 479.4 1.3% 4.9% 11.3% 20.9% IPCA IPCA + 6% Vinci Crédito Multiestratégia Credit 294.0 2.8% 6.1% 12.2% 26.3% CDI IPCA + 5% Compass Latam Corporate Debt Fund Credit 5,577.6 2.9% 2.8% 7.6% 17.3% CEMBI Broad Div N/A Compass Latam High Yield USD Credit 1,810.6 3.6% 4.5% 7.8% 18.3% CEMBI Broad Div HY N/A Compass I+LIQG Credit 3,335.2 1.7% 3.6% 7.8% 19.1% PIP Cetes 28D N/A Compass Credit Selection Credit 1,387.2 3.4% 6.9% 15.0% 29.7% CDI N/A Compass Yield 30 Credit 1,764.3 3.9% 7.5% 15.1% 30.3% CDI CDI Compass Deuda Plus Credit 573.7 1.5% 3.6% 7.6% 19.0% N/A N/A Compass Renta Fija-B Credit 698.9 1.1% 0.8% 3.1% 8.1% CEMBI Broad Div N/A See notes and definitions at end of document Benchmark 2Q’26 YTD 12 M 24 M IPCA4 + Yield IMA-B5 3.7% 7.3% 13.0% 27.4% IBOV6 (8.2)% 6.8% 23.9% 38.8% S&P/BMV IPC7 (1.0)% 5.8% 20.6% 37.0% S&P MERVAL8 5.7% 3.8% 54.7% 96.3% CDI9 3.3% 6.8% 14.8% 28.7% IPCA 1.4% 3.4% 4.6% 10.2% CEMBI Broad Div10 3.3% 3.4% 8.1% 17.1% CEMBI Broad Div HY11 3.9% 5.2% 9.8% 19.9% PIP Cetes 28D12 1.7% 3.4% 7.6% 18.7%
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27 Investment records – Global IP&S and Real Assets Funds See notes and definitions at end of document Benchmark 2Q’26 YTD 12 M 24 M CDI2 3.3% 6.8% 14.8% 28.7% IMA-B3 2.5% 6.5% 12.1% 22.2% IPCA4 1.4% 3.4% 4.6% 10.2% IFIX5 (1.0)% 1.5% 10.0% 14.4% Fund or Strategy Segment NAV¹ (R$ millions) 2Q’26 YTD 12 M 24 M Market Comparison Hurdle Rate Vinci Multiestratégia FIM Global IP&S 37.8 3.0% 6.0% 13.0% 25.2% CDI CDI Atlas Strategy Global IP&S 97.9 2.1% 4.5% 10.5% 23.9% CDI CDI Vinci Valorem FIM Global IP&S 610.5 3.4% 7.3% 14.4% 24.4% IMA-B IMA-B Equilibrio Strategy Global IP&S 515.7 2.5% 5.7% 11.6% 18.9% IPCA N/A Vinci Retorno Real FIM Global IP&S 85.6 3.0% 8.9% 16.1% 21.2% IMA-B IMA-B VISC11 Real Assets (listed REIT) 3,044.9 (1.2)% 1.4% 11.7% 9.2% IFIX IPCA + 6% VILG11 Real Assets (listed REIT) 1,405.9 (2.8)% (1.1)% 20.4% 36.0% IFIX IPCA + 6% VINO11 Real Assets (listed REIT) 386.4 (4.0)% (2.9)% 3.9% (14.6)% IFIX IPCA + 6% VIUR11 Real Assets (listed REIT) 62.8 20.4% 13.7% 31.6% 30.5% IFIX IPCA + 6% VCRI11 Real Assets (listed REIT) 126.2 1.5% 6.0% 11.9% 12.0% IFIX IPCA + X% VICA11 Real Assets (REIT) 394.7 0.2% 0.3% 1.8% 5.0% IFIX CDI + 1% VINCI FOF IMOBILIARIO FIM CP Real Assets (REIT) 42.1 (1.7)% 1.6% 9.7% 16.6% IFIX IFIX VIGT11 Real Assets (listed REIT) 441.5 4.9% 13.1% 40.2% (22.9)% N/A N/A
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28 See notes and definitions at end of document Investment records – Closed End funds Pro Forma Historical Portfolio Performance¹ Fund Segment Vintage year Committed Capital Invested Capital Realized or Partially Realized Unrealized Total Value Gross MOIC Gross MOIC Gross IRR Gross IRR (R$mm) (R$mm) (R$mm) (R$mm) (R$mm) (BRL) (USD) (BRL) (USD) Fund 1 Private Equity 2004 1,415 1,206 5,131 54 5,185 4.3x 4.0x 71.5% 77.2% VCP II Private Equity 2011 2,200 2,700 2,039 1,661 3,700 1.4x 0.7x 3.9% (3.5%) VCP III Private Equity 2018 4,000 2,572 318 4,449 4,767 1.8x 1.7x 15.6% 13.4% VCP IV Private Equity 2022 3,879 1,177 – 1,588 1,588 1.3x 1.3x 44.9% 50.1% VCP Strategy² Private Equity 11,494 7,655 7,488 7,752 15,240 2.0x 1.8x 61.3% 67.3% NE Empreendedor³ Private Equity 2003 36 13 26 – 26 2.1x 2.6x 22.0% 30.5% Nordeste III Private Equity 2017 240 134 294 20 314 2.3x 1.8x 20.0% 13.4% VIR IV Private Equity 2020 1,000 754 188 918 1,106 1.3x 1.6x 20.3% 22.5% VIR Strategy⁴ Private Equity 1,276 901 507 939 1,446 1.7x 1.6x 21.1% 26.0% SPS I Credit 2018 128 207 361 18 379 2.3x 1.8x 25.6% 19.2% SPS II Credit 2020 671 1,091 1,217 581 1,798 2.2x 2.3x 22.5% 23.0% SPS III Credit 2021 1,071 1,745 988 1,561 2,550 2.4x 2.4x 23.9% 24.2% SPS IV Credit 2025 1,561 436 13 468 481 2.0x 2.1x 23.3% 32.1% SPS Strategy⁵ Credit 3,431 3,478 2,579 2,629 5,208 2.2x 2.2x 23.4% 23.0% MAV I Credit 2022 165 165 185 64 249 1.5x 1.5x 19.3% 21.8% MAV II Credit 2023 205 205 71 205 276 1.3x 1.5x 19.4% 16.8% MAV III Credit 2025 125 167 24 170 193 N.M. N.M. N.M. N.M. MAV IV Credit 2026 313 313 7 314 321 N.M. N.M. N.M. N.M. MAV Strategy⁶ Credit 808 850 287 753 1,039 1.4x 1.5x 19.4% 19.0% Lacan Florestal I Real Assets 2012 253 253 255 315 571 2.3x 1.3x 10.6% 2.8% Lacan Florestal II Real Assets 2016 356 356 125 566 691 1.9x 1.5x 10.4% 6.1% Lacan Florestal III Real Assets 2020 502 465 – 647 647 1.4x 1.4x 11.1% 10.4% Lacan Florestal IV Real Assets 2023 260 216 – 274 274 1.3x 1.4x 21.6% 27.3% Lacan Strategy⁷ Real Assets 1,371 1,290 380 1,802 2,182 1.7x 1.4x 12.6% 6.2% FIP Transmissão⁸ Real Assets 2017 211 104 367 9 375 3.6x 2.7x 55.5% 40.4% VIAS⁹ Real Assets 2021 386 350 – 528 528 1.5x 1.5x 13.7% 13.1% VICC¹⁰ Real Assets 2022 1,784 151 – 169 169 1.1x 1.2x 7.7% 14.2% VFDL¹¹ Real Assets 2021 422 349 40 416 457 1.3x 1.3x 10.1% 10.0% Vinci Credit Infra¹² Credit 2022 1,848 1,451 96 1,649 1,745 1.2x 1.2x N.M. N.M.
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29 See notes and definitions at end of document Shareholder Dividends & Share Summary ($ in thousands) 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q’26 2Q’26 Adjusted Distributable Earnings (R$) 57,104 73,946 62,306 75,759 73,092 81,288 62,237 63,317 Adjusted Distributable Earnings (US$)¹ 9,872 12,804 11,027 13,964 13,645 15,605 12,702 12,424 Adjusted DE per Common Share (US$)² 0.19 0.20 0.17 0.22 0.22 0.24 0.19 0.19 Actual Dividend per Common Share (US$)³ 0.16 0.15 0.15 0.15 0.15 0.17 0.17 0.17 VINP Shares 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 1Q’26 2Q’26 Shares Repurchased # of Shares 374,834 607,643 683,148 173,762 - - - - Average Cost (US$/share) 10.38 10.28 10.07 9.47 - - - - Capital Deployed (US$) 3,890,849 6,246,577 6,879,698 1,645,210 - - - - Class B 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 Class A⁴ 38,404,375 49,580,116 48,896,968 48,778,420 48,778,420 50,955,859 50,955,859 51,184,744 Common Shares 52,870,614 64,046,355 63,363,207 63,244,659 63,244,659 65,422,098 65,422,098 65,650,983 Vinci Compass generated R$0.96 or US$0.19¹ of Adjusted Distributable Earnings per common share² for the 2Q’26. The company declared a quarterly dividend of US$0.17 per common share to record holders as of August 25, 2026; payable on September 9, 2026
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30 Reconciliations and Disclosures
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31 Financials - Income Statement (R$ thousands, unless mentioned) 2Q'25 1Q'26 2Q'26 ∆ YoY (%) 2Q'25 YTD 2Q'26 YTD ∆ YoY (%) REVENUES Net revenue from management fees 195,569 244,858 252,191 29% 391,098 497,049 27% Net revenue from performance fees 8,342 2,890 7,345 (12)% 11,419 10,235 (10)% Realized performance fees 17,054 2,890 7,345 (57)% 20,131 10,235 (49)% Unrealized performance fees (8,711) – – N/A (8,711) – N/A Net revenue from advisory 26,220 16,067 9,047 (65)% 51,073 25,114 (51)% Other revenues 10,944 11,040 11,190 2% 22,206 22,230 0% Total net revenues from services rendered 241,075 274,855 279,773 16% 475,796 554,628 17% OPERATING EXPENSES Bonus related to management and advisory (33,127) (40,572) (38,363) 16% (64,871) (78,935) 22% Performance based compensation (3,683) (1,271) (3,214) (13)% (5,033) (4,485) (11)% Realized (6,766) (1,271) (3,214) (52)% (8,116) (4,485) (45)% Unrealized 3,083 – – N/A 3,083 – N/A Total compensation and benefits (36,810) (41,843) (41,577) 13% (69,904) (83,420) 19% Segment personnel expenses (20,682) (24,731) (26,609) 29% (40,807) (51,340) 26% Other general and administrative expenses (17,423) (19,298) (19,085) 10% (32,854) (38,383) 17% Placement fee amortization and rebates (17,792) (20,823) (23,781) 34% (38,807) (44,604) 15% Corporate center expenses (78,484) (70,234) (75,927) (3)% (156,136) (146,161) (6)% Total expenses (171,191) (176,928) (186,979) 9% (338,508) (363,907) 8% Operating profit 69,884 97,927 92,794 33% 137,288 190,721 39% OTHER GP AND FINANCIAL INCOME AND EXPENSES Investment Related Earnings (IRE) 11,064 3,498 1,155 (90)% 15,070 4,653 (69)% Realized gain from GP investment income 13,576 6,093 8,719 (36)% 17,861 14,812 (17)% Unrealized gain from GP investment income (2,512) (2,595) (7,564) 201% (2,791) (10,159) 264% Financial income 21,804 9,390 8,169 (63)% 36,227 17,559 (52)% Realized gain from financial income 21,804 9,390 8,169 (63)% 36,227 17,559 (52)% Unrealized gain from financial income – – – N/A – – N/A Leasing expenses (3,722) (3,891) (4,452) 20% (7,480) (8,343) 12% Other items¹ (5,165) 42,389 (11,460) 122% (9,623) 30,929 N/A Equity gain (loss) (3,996) 885 262 N/A (6,197) 1,147 N/A Equity-based compensation (6,994) (5,753) (8,492) 21% (11,997) (14,245) 19% Management contract amortization² (3,471) (5,596) (5,286) 52% (6,341) (10,882) 72% Non-operational expenses³ (618) (314) (1,828) 196% (873) (2,142) 145% Total Other Items 8,902 40,608 (21,932) N/A 8,786 18,676 113% Profit before income taxes 78,785 138,535 70,862 (10)% 146,073 209,397 43% (-) Income taxes⁴ (12,012) (29,197) (18,299) 52% (23,372) (47,496) 103% NET INCOME 66,773 109,338 52,563 (21)% 122,701 161,901 32% (+) Non-operational expenses (including Income Tax effect) 422 292 1,811 329% 650 2,103 224% (-) Contingent consideration adjustment related to acquisitions⁵ (10,851) (35,545) (8,681) (20)% (18,992) (44,226) 133% (+) OCI adjustment⁶ – (23,007) 2,019 N/A – (20,988) N/A ADJUSTED NET INCOME 56,345 51,078 47,711 (15)% 104,360 98,789 (5)% Attributable to the shareholders of the parent company 57,172 44,759 42,965 (25)% 105,791 87,724 (17)% Attributable to non-controlling interests (827) 6,319 4,746 N/A (1,431) 11,065 N/A See notes and definitions at end of document
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32 Financials - Non-GAAP Reconciliation (R$ thousands, unless mentioned) 2Q'25 1Q'26 2Q'26 2Q'25 YTD 2Q'26 YTD OPERATING PROFIT 69,884 97,927 92,794 137,288 190,721 (-) Net revenue from realized performance fees (17,054) (2,890) (7,345) (20,131) (10,235) (-) Net revenue from unrealized performance fees 8,711 – – 8,711 – (+) Compensation allocated in relation to performance fees 3,683 1,271 3,214 5,033 4,485 FEE RELATED EARNINGS (FRE) 65,224 96,308 88,663 130,901 184,971 OPERATING PROFIT 69,884 97,927 92,794 137,288 190,721 (-) Net revenue from management fees (195,569) (244,858) (252,191) (391,098) (497,049) (-) Net revenue from advisory (26,220) (16,067) (9,047) (51,073) (25,114) (-) Other revenues (10,944) (11,040) (11,190) (22,206) (22,230) (+) Bonus related to management and advisory 33,127 40,572 38,363 64,871 78,935 (+) Personnel expenses 20,682 24,731 26,609 40,807 51,340 (+) Other general and administrative expenses 17,423 19,298 19,085 32,854 38,383 (+) Placement fee amortization and rebates 17,792 20,823 23,781 38,807 44,604 (+) Corporate center expenses 78,484 70,234 75,927 156,136 146,161 PERFORMANCE RELATED EARNINGS (PRE) 4,660 1,619 4,131 6,387 5,750 OPERATING PROFIT 69,884 97,927 92,794 137,288 190,721 (-) Net revenue from unrealized performance fees 8,711 – – 8,711 – (+) Compensation allocated in relation to unrealized performance fees (3,083) – – (3,083) – (+) Realized gain from GP investment income 13,576 6,093 8,719 17,861 14,812 SEGMENT DISTRIBUTABLE EARNINGS 89,088 104,020 101,513 160,777 205,533 NET INCOME 66,773 109,338 52,563 122,701 161,901 (-) Net revenue from unrealized performance fees 8,711 – – 8,711 – (+) Income tax from unrealized performance fees (1,004) – – (1,004) – (+) Compensation allocated in relation to unrealized performance fees (3,083) – – (3,083) – (-) Unrealized gain from GP investment income 2,512 2,595 7,564 2,791 10,159 (+) Income tax on unrealized gain from GP investment income (2,672) (90) (37) (1,978) (127) (-) Unrealized gain from financial income – – – – – (+) Income tax on unrealized gain from financial income – – – – – (-) Contingent consideration (earn-out) gain (loss)¹ (12,932) (42,895) (10,292) (22,478) (53,187) (+) Income tax on contingent consideration 2,081 7,350 1,611 3,486 8,961 (+) Depreciation and amortization 6,250 8,361 8,092 12,481 16,453 (+) Equity-based compensation 4,333 5,753 5,009 9,336 10,762 (-) Income Taxes on Equity-based compensation 371 244 1,096 254 1,340 (+) Equity gain (loss) 3,996 (885) (262) 6,197 (1,147) (+) Dividends received – 2,479 2,244 – 4,723 (+) Non-operational expenses including income tax related to realized expense² 422 292 1,811 650 2,103 (+) OCI Adjustment³ – (23,007) 2,019 – (20,988) (-) Minority Interest – (7,298) (8,101) – (15,399) ADJUSTED DISTRIBUTABLE EARNINGS 75,759 62,237 63,317 138,065 125,554 TOTAL NET REVENUE FROM SERVICES RENDERED 241,075 274,855 279,773 475,796 554,628 (-) Net revenue from realized performance fees (17,054) (2,890) (7,345) (20,131) (10,235) (-) Net revenue from unrealized performance fees 8,711 – – 8,711 – NET REVENUE FROM MANAGEMENT FEES AND ADVISORY 232,733 271,966 272,428 464,377 544,394 See notes and definitions at end of document
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33 Balance Sheet Assets 03/31/2026 6/30/2026 Current assets Cash and cash equivalents 208,545 224,968 Cash and bank deposits 106,053 92,426 Financial instruments at fair value through profit or loss 84,671 110,309 Financial instruments at amortized cost 17,821 22,233 Financial instruments at fair value through profit or loss 755,707 852,972 Trade receivables 190,973 211,615 Sub-leases receivable - - Taxes recoverable 20,011 20,402 Other assets 76,954 84,890 Total current assets 1,252,190 1,394,847 Non-current assets Financial instruments at fair value through profit or loss 883,744 888,928 Financial instruments at amortized cost 5,741 5,751 Trade receivables 27,384 27,451 Taxes recoverable 3,003 2,763 Deferred taxes 39,873 40,544 Other receivables 37,687 34,524 997,432 999,961 Investments accounted for using the equity method 69,903 71,969 Judicial deposits 49,655 49,869 Property and equipment 71,456 72,079 Right of use - Leases 134,225 127,571 Intangible assets 1,318,733 1,372,438 Total non-current assets 2,641,404 2,693,887 Total Assets 3,893,594 4,088,734 Liabilities and equity 03/31/2026 6/30/2026 Current liabilities Trade payables 13,692 14,102 Financial instruments at fair value through profit or loss 29,508 – Deferred Revenue 39,843 – Leases 57,115 29,357 Accounts payable 41,543 38,184 Labor and social security obligations 40,858 101,408 Loans and Financing 14,295 163,582 Taxes and contributions payable 9,706 42,895 Total current liabilities 246,560 389,528 Non-current liabilities Accounts payable – – Leases 124,430 118,854 Labor and social security obligations 7,635 3,525 Loans and Financing 845,529 691,183 Deferred taxes 3,900 3,275 Provision for contingencies 50,136 50,285 Retirement plans liabilities 528,814 678,810 1,560,444 1,545,932 Total liabilities 1,807,004 1,935,460 Equity Share capital 19 19 Additional paid-in capital 2,236,406 2,263,114 Treasury shares (306,608) (293,488) Retained Earnings 138,344 131,586 Other reserves (59,633) (52,715) 2,008,528 2,048,516 Non-controlling interests in the equity of subsidiaries 78,062 104,758 Total equity 2,086,590 2,153,274 Total liabilities and equity 3,893,594 4,088,734 Notes: Numbers may not add up due to rounding.
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34 Notes to page 3 1) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Notes to page 6 1) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year-to-date values are calculated as the sum of the last two quarters. 2) Other items comprise the income/(loss) generated by financial income/(expenses) related to SPS acquisition, Ares Convertible Preferred Shares and other financial expenses. 3) Non-operational expenses are comprised of expenses related to professional services rendered in connection with acquisitions. 4) Minority interest comprises the portion of earnings attributable to the non-controlling interest, following Vinci Compass’ acquisitions of controlling stakes in the Verde and BACS transactions. Therefore, results are fully consolidated in Fee Related Earnings (FRE), and the non-controlling interest is deducted prior to arriving at Distributable Earnings (DE) and Adjusted Distributable Earnings (Adjusted DE). 5) DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year-to-date values are calculated as the sum of the last two quarters. 6) Adjusted Distributable Earnings is calculated as Distributable Earnings excluding non-operational expenses. 7) Adjusted DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year-to-date values are calculated as the sum of the last two quarters. Notes to page 7 1) AuM is calculated as consolidated with double counting, due to funds from one segment investing in other segments and it’s eliminated on consolidation and excluding double counting from co-managed funds between our segments. Considers assets under management and advisory. Notes to page 8 1) The preferred return w/ catch-up rule applies to funds for which the vehicle must pay back its limited partners 100% of the invested capital corrected by the preferred return rate so it can charge performance fees. Once the preferred return rate is achieved, due to the catch-up clause, performance fees are charged over the absolute return of the fund instead of the excess return over the preferred rate. 2) Funds with preferred return must return 100% of invested capital corrected by the preferred return rate to its limited partners in order to charge performance fees. 3) Hurdle Rate is the minimum return the fund must achieve before it can charge performance fees. In most cases, funds with hurdle rate also are under a high-water mark clause. Notes to page 10 1) GP investment income comes from proprietary investments made by Vinci Compass in its own Private Markets’ funds and other closed-end funds across Equities and Global IP&S segments with long-term lockups. Notes to page 13 1) Cash and cash equivalents include cash on hand, bank deposits held with financial institutions, other short-term, highly liquid investments with original maturities of three months or less, that are readily convertible to known amounts of third-party and which are subject to an insignificant risk of changes in value. Notes and Definitions
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35 Notes to page 13 (cont’d) 2) Liquid funds’ value are calculated as investment at fair value as of June 30, 2026, in liquid funds from Vinci Compass’ Equities, Global IP&S, Credit and Real Estate. It also comprises the cash and certificate of deposits and federal bonds. For 1Q’24 onwards we are not considering the funds that refer to financial products as part of the Company’s retirement plans services. For more detail, see 2Q'26 Financial Statements filed within the SEC on August 11, 2026. 3) GP Fund Investments include Vinci Compass’ GP investments in private market funds and other closed-end funds across Equities and Global IP&S segments with long-term lockups and Public REITs, calculated at fair value as of June 30, 2026. For more detail, please see the Financial Statements filed within the SEC on August 11, 2026. 4) Debt obligations include commercial notes, consideration payable and convertible preferred shares. In addition to these debts, Vinci Compass also has obligations regarding earn-out structures and redemption liability from M&A transactions. For more detail, see 2Q'26 Financial Statements filed within the SEC on August 11, 2026. 5) Net Cash and Investments per share were calculated considering the number of outstanding shares at the end of each quarter. Notes to page 17 1) Upfront fees are one-time fees charged for TPD Alternative commitments. 2) Third-Party Distribution, or TPD, stands for the funds managed by third-party asset managers, distributed by Vinci Compass’ platform. 3) Other includes Pension Plans and Vinci Retirement Services. 4) Fee-Earning Assets Under Management Ex-Upfront considers the FEAUM only from the funds which collect recurring management fees. Notes to page 24 1) AuM is calculated as consolidated with double counting, due to funds from one segment investing in other segments and it’s eliminated on consolidation and excluding double counting from co-managed funds between our segments. Considers assets under management and advisory. Notes to page 25 1) FEAUM is measured as assets under management and advisory excluding funds that do not charge management or performance fees at any time, according to such funds’ policies. FEAUM is calculated as consolidated with double counting, due to funds from one segment investing in other segments and it’s eliminated on consolidation and excluding double counting from co-managed funds between our segments. Notes to page 26 1) NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund. 2) Total Return Strategy includes the funds Total Return FIC FIM and Total Return Institucional FIA. 3) Mosaico Strategy includes the funds Mosaico, Mosaico Institucional and Mosaico Advisory FIA. 4) IPCA is a broad consumer price index measured by the IBGE. 5) IMAB is composed by government bonds indexed to IPCA. IMAB 5 also includes government bonds indexed to IPCA with up to 5 Years in duration. Notes and Definitions (cont’d)
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36 Notes to page 26 (cont’d) 6) Brazil stock market most relevant index. 7) S&P/BMV IPC seeks to measure the performance of the largest and most liquid stocks listed on the Mexican Stock Market. 8) S&P MERVAL Index, Argentina’s flagship index, seeks to measure the performance of the largest, most liquid stocks trading on the Argentinian Stock Market. 9) CDI is an average of interbank overnight rates in Brazil (daily average for the period). 10) CEMBI Broad Div tracks the performance of US dollar-denominated bonds issued by emerging market corporate entities. 11) The J.P. Morgan CEMBI Broad Diversified HY index tracks liquid, US Dollar emerging market fixed and floating-rate debt instruments issued by corporate, sovereign, and quasi-sovereign entities. 12) PiP Cetes 28d is an index that invests in Cetes 28-day securities. Cetes are Treasury Certificates issued by the Mexican government. Notes to page 27 1) NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund. 2) CDI is an average of interbank overnight rates in Brazil (daily average for the period). 3) IMAB is composed by government bonds indexed to IPCA. IMAB 5 also includes government bonds indexed to IPCA with up to 5 Years in duration. 4) IPCA is a broad consumer price index measured by the IBGE. 5) IFIX is an index composed by listed REITs in the Brazilian stock Market. Notes to page 28 1) Track record information is presented throughout this presentation on a pro forma basis and in local currency. 2) Committed capital for VCP III and VCP IV consider amounts of co-investments. Returns, however, consider only the amounts invested to the main funds. Track record presented for the VCP strategy as of 1Q’26, due to fund’s administrator timeline to disclose the quarterly markup of the fund. 3) Performance information for Nordeste Empreendedor (“NE I”) comprises only the four (out of seven) investments invested, managed and divested by a team led by Jose Pano (collectively, the ‘”Participating Investments”) while they were employed by NE I’s manager (the “NE I Manager”), an entity not affiliated with the manager or Vinci Compass. Information herein pertaining to any investments made by NE I manager has not been prepared by NE I manager and NE I manager assumes no responsibility for the accuracy or completeness of any such information. 4) Track record for VIR strategy is presented as of 1Q’26, due to fund’s administrator timeline to disclose the quarterly markup of the fund. 5) Track record for Vinci SPS strategy is presented as of 2Q’26. 6) Track record for MAV strategy is presented as of 2Q’26. 7) Track record for Lacan strategy is presented as of 2Q’26. 8) Track record for FIP Infra is presented as of 2Q’26. 9) Track record for VIAS is presented as of 2Q’26. 10) Total commitments for VICC are presented as of 2Q’26. 11) Track record for VFDL is presented as of 2Q’26. 12) Track record for Vinci Credit Infra is presented as of 2Q’26. Notes and Definitions (cont’d)
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37 Notes to page 29 1) US$ Distributable Earnings was calculated considering the exchange rate from USD to BRL of 5.0963, as of August 10, 2026, when dividends were approved by our Board of Directors. 2) Per Share calculations are based on end of period Participating Common Shares. 3) Actual dividends per common share are calculated considering the share count as of the applicable record date. 4) As of June 30, 2026, Public Float was comprised of 16,029,238 Class A common shares. Notes to page 31 1) Other items comprise the income/(loss) generated by contingent consideration adjustment and financial income/(expenses) related to acquisitions and Ares Convertible Preferred Shares. 2) Management contract amortization refers to the purchase price allocated to Fund’s Management Contracts and Customer relationships, as a result of the Business Combinations. These amounts are amortized based on the duration of the related funds. When a fund has an undefined useful life, the amount allocated to these intangible assets are subject to impairment test on annually basis, or whenever any specific economic or operational condition indicates its cost must be reviewed 3) Non-operational expenses are comprised of expenses related to professional services rendered in connection with acquisitions. 4) Income taxes are comprised of taxes calculated over our corporate income tax and social contribution taxes. We are taxed on an actual taxable profit regime, while part of our subsidiaries are taxed based on deemed profit. 5) Contingent consideration adjustment (after-tax) reflects the change in earn out’s fair value to be paid in stock, due to variation in the stock price in the period. 6) OCI comprises foreign exchange variations from the consolidation of subsidiaries whose functional currencies are not Brazilian reais, which are recognized directly in shareholders’ equity (other comprehensive income) and do not affect profit or loss. Notes to page 32 1) Contingent consideration adjustment (after-tax) reflects the change in earn out’s fair value to be paid in stock, due to variation in the stock price in the period. 2) Non-operational expenses are comprised of expenses related to professional services rendered in connection with acquisitions. 3) OCI comprises foreign exchange variations from the consolidation of subsidiaries whose functional currencies are not Brazilian reais, which are recognized directly in shareholders’ equity (other comprehensive income) and do not affect profit or loss. Notes and Definitions (cont’d)
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38 • “Fee related earnings”, or “FRE”, is a metric to monitor the baseline performance of, and trends in, our business, in a manner that does not include performance fees, investment income and expenses that do not arise from our normal course of operations. FRE is calculated as operating profit, less (a) net revenue from realized performance fees, less (b) net revenue from unrealized performance fees, plus (c) share-based payments plus (d) compensation allocated in relation to performance fees plus (e) expenses relating to professional services rendered in connection with acquisitions, our business combination with Compass and our international corporate organization (which expenses were added to the calculation of FRE beginning in the year ended December 31, 2022 to ensure the metric’s usefulness as a tool to assess our ability to generate profits from revenues and expenses arising out of our normal course of operations) plus (f) the amortization of fund management contracts related to business combinations (which expenses were added to the calculation of FRE beginning in the year ended December 31, 2024 in order to exclude depreciation expenses that are tied to specific acquisition transactions rather than our ongoing operations; these amounts became meaningful only upon completion of the business combination with Compass and consequently we do not present such amounts for periods prior to 2024). • “FRE Margin” is calculated as FRE divided by the sum of net revenue from management fees, net revenue from advisory services and net revenue from other revenues. • “Distributable Earnings”, or “DE”, is used as a reference by our board of directors to assess our performance and capabilities to distribute dividends to our shareholders. Distributable Earnings is calculated as profit for the year, less (a) net revenue from unrealized performance fees, plus (b) income taxes from unrealized performance fees, plus (c) compensation allocated in relation to unrealized performance fees, less (d) equity gain or loss on investments accounted for using the equity method, less (e) unrealized gain from investment income, plus (f) income taxes on unrealized gain from investment income, plus (g) share-based payments, less (h) income taxes on share-based payments, plus (i) depreciation and amortization, except for amortization of placement agent expenses and amortization related to retirement services investments, less (j) contingent consideration (earn-out) gain (loss) (after tax). • “DE Margin” is calculated as Distributable Earnings divided by sum of net revenue from management fees, net revenue from performance fees, net revenue from advisory services, net revenue from other revenues and realized gain from investment income. • “Performance Related Earnings”, or “PRE”, is a performance measure that we use to assess our ability to generate profits from revenue that relies on outcomes from funds above their respective hurdle rates. We calculate PRE as operating profit less (a) net revenue from management fees, less (b) net revenue from advisory services, less (c) net revenue from other revenues plus (d) personnel and profit-sharing expenses, plus (e) other general and administrative expenses, less (f) compensation in relation to performance fees. • “PRE Margin” is calculated as PRE divided by net revenue from performance fees. • “Adjusted Distributable Earnings”, or “Adjusted DE”, is used as a reference point by our board of directors for determining the amount of earnings available to distribute to shareholders as dividends. Adjusted Distributable Earnings is calculated as Distributable Earnings, plus expenses relating to professional services rendered in connection with acquisitions, our business combination with Compass and our international corporate organization (including income tax related to realized expense). • “Segment Distributable Earnings” is Vinci Compass’ segment profitability measure used to make operating decisions and assess performance across the company’s five segments (Private Equity, Global Investment Products and Solutions, Credit, Equities, Real Assets and Corporate Advisory). Segment Distributable Earnings is calculated as operating profit less (a) net revenue from unrealized performance fees, plus (b) compensation allocated in relation to unrealized performance fees, plus (c) realized gain from GP investment income. Notes and Definitions (cont’d)
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39 • “AuM” refers to assets under management and advisory. Our AuM equals the sum of: (1) the fair market value of all funds and accounts under management and advisory by Vinci Compass, across Global IP&S, Credit, Private Equity, Equities, and Real Assets; (2) the capital that we are entitled to call from investors in funds pursuant to the terms of their capital commitments to those funds; and (3) the fair market value of co-investments arranged by us that were made, or could be made, by limited partners of our corporate private equity funds and portfolio companies of such funds. As a significant portion of our AUM is denominated in currencies other than Brazilian Reais, fluctuations in foreign exchange rates may cause our reported AuM to vary over time, independently of underlying asset or commitment changes. AUM includes double counting related to funds from one segment that invest in funds from another segment. Those cases occur mainly due to (a) fund, of funds of investment products and solutions segment, and (b) investment funds in general that invest part of their cash in credit segment and hedge fund segment funds in order to maintain liquidity and provide for returns on cash. Such amounts are eliminated on consolidation. The bylaws of the relevant funds prohibit double-charging fees on AuM across segments. Therefore, while our AUM by segment may double-count funds from one segment that invest in funds from another segment, the revenues for any given segment do not include revenue in respect of assets managed by another segment, which means there are no intercompany eliminations on revenues in our results of operations. • Net Cash and Investments include cash and cash equivalents and the fair value of investments in liquid funds and GP Fund Investments. Cash and cash equivalents include cash, certificate of deposits, which are issued by Banco Bradesco (credit rating AAA evaluated by Fitch Ratings) with interest rates from 99.5% to 101% of CDI. • “Total Fee Related Revenues” is a measure that we use to assess our ability to generate profits from our business without measuring for the outcomes from funds above their respective benchmarks. We calculate Total Fee Related Revenues as net revenue from services rendered less (a) net revenue from realized performance fees and less (b) net revenue from unrealized performance fees. • “Total compensation and benefits” is the result of the profit sharing paid to our employees as (a) bonus compensation related to management and advisory and (b) performance-based compensation. • “Segment personnel expenses” are composed of the salary-part compensation paid to employees and partners of our funds’ management teams. • “Corporate center expenses” are composed by the salary-compensation paid to employees and other general and administrative expenses related to our support teams, such as research, risk, legal & compliance, investor relations, operations and ESG. • “Other general and administrative expenses” is made up of third-party expenses, depreciation and amortization, travel and representation, marketing expenses, administrative fees, non- operating taxes, third-party consultants’ fees, such as legal and accounting, and office consumables. • “Placement fee amortization and rebates” reflects fees paid to distributors that, due to accounting procedures, are not deducted from net management fees, unlike certain other distributor fees that directly impact that line. • “GP investment income” is income from proprietary investments made by us in our own Private Markets’ funds, used as GP Commitments. • “Financial income” is income generated through the investments made with our cash and cash equivalents in cash and bank deposits, certificate of deposits and proprietary investments in our liquid funds from our Equities and Global IP&S segments. • “Leasing expenses” include costs from the company’s sub-leasing activities. • “Income taxes” is comprised of taxes on our corporate income tax and social contribution taxes. We are taxed on an actual taxable profit regime, while our subsidiaries are taxed based on deemed profit. Notes and Definitions (cont’d)
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40 • “Capital Subscription / (capital return)” represents the net capital commitments and capital returns from our Private Markets’ closed end and listed funds. • “Net Inflows / (outflows)” represent the net inflows and outflows from our liquid funds from our Equities, Global IP&S and Credit segments. • “Appreciation / (depreciation)” represents the net capital appreciation/depreciation from our funds, which refers to the increase or decrease of the funds’ investment’s value. • “MOIC” means multiple on invested capital, a ratio intended to represent how much value an investment has returned, and is calculated as realized value plus unrealized value, divided by the total amount invested, gross of expenses and fees. • “IRR” means the internal rate of return, which is a discount rate that makes the net present value of all cash flows equal to zero in a discounted cash flow analysis. Notes and Definitions (cont’d)
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41 Bogota 601 748 6090 Carrera 11 # 79 – 52 Of 801, Edificio 80-ONCE Barrio El Nogal COLOMBIA Mexico City 52 55 5010 2150 Paseo de los Tamarindos N° 90, Torre 1, Piso 21, 05120 MEXICO Lima 51 1 611 5350 Av. Jorge Basadre Nro. 347 Piso 09, Of 902 San Isidro PERU Miami 786 755 4860 1441 Brickell Ave Suite 1430, FL 33131 UNITED STATES Recife 55 81 3204 6811 Av. República do Líbano, 251 Sala 301 - Torre A Pina - 51110-160 BRAZIL Montevideo 59 8 2626 2650 WTC Free Zone 2 Dr. Luis Bonavita 1294, Of 2033. CP 11300 59 8 2628 7042 WTC Torre 4, Dr. Luis Bonavita 1266, Of 601. CP 11300 URUGUAY New York 1-212-355 7630 590 Madison Avenue 33rd Floor, NY 10022 UNITED STATES Rio de Janeiro 55 21 2159 6000 Av. Bartolomeu Mitre, 336 Leblon - 22431-002 BRAZIL São Paulo 55 11 3572 3700 Av. Brigadeiro Faria Lima, 2.277 14o andar Jardim Paulistano 01452-000 BRAZIL Santiago 56 2 2364 4660 Av. Rosario Norte 555, Piso 14, Las Condes CHILE Buenos Aires 52 55 5010 2150 54 11 4878 8000 Carlos Pellegrini 1023, Piso 14 (C1009ABU) ARGENTINA Ribeirão Preto 55 16 2101 4641 Av. Presidente Vargas, 2.121 – Sala 106 Jardim América 14020-260 BRAZIL