Vinci Compass Investments Ltd. · NASDAQ:VINP
Vinci Compass Investments — Vinci Partners Investments — Merger or Acquisition (July 2022)
16 slides from Vinci Compass Investments's merger presentation, Jul 29, 2022
Slide 1: Vinci Partners & SPS Capital Transaction Overview
1 Vinci Partners & SPS Capital Transaction Overview 29 July 2022
Slide 2: Disclaimer
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 subje
Slide 3: Presenters
3 Presenters Alessandro Horta Chief Executive Officer Sergio Passos Chief Operating Officer & Chief Financial Officer Bruno Zaremba Private Equity Chairman & Head of Investor Relations
Slide 4: Vinci Partners announces launch of new Special Situations segment with acquisition of SPS Capital
4 Vinci Partners announces launch of new Special Situations segment with the acquisition of SPS Capital ▪ SPS Capital is led by a highly - experienced and top performing team with extensive experience in Special Situations investments in Brazil ▪ Transaction will increase Vinci's product offering in
Slide 5: A solid start to Vinci's expansion into Special Situations
5 A solid start to Vinci’s expansion into Special Situations Vinci brand recognition Capital allocation flexibility allows strategy to have adequate risk return across all stages of macroeconomic cycle Complexity vs. Eligibility Traditional credit markets are not open to debtors due to complex natur
Slide 6: Brazilian Special Situations Addressable Market
6 Vinci brand recognition Brazilian Special Situations Addressable Market¹ Sizable and underpenetrated addressable market presents opportunities ¹Source: Banco Central, Valor Econômico, Serasa, Banks’ Balance Sheet and Estadão +R$500 bn Write - offs over the last years +75 mm Legal Claims In Brazil
Slide 7: SPS Capital | Overview
7 SPS Capital | Overview Reputation First - Class Human Capital Value Creation for All Parties Alignment of Interests Downside Protection Overview Transaction Rationale ▪ SPS Capital is a leading Special Situations independent asset manager , with R$2.0 billion in AUM , distributed across three vint
Slide 8: SPS Capital | All Weather Investment Approach
8 Management team invests through five different investment strategies SPS Capital | All Weather Investment Approach Allocation across Vintages (%)¹ Funding Primary Market Funding Secondary Market Legal Claims 40% New money, with guarantees, for fast - growing companies or going through temporary fi
Slide 9: SPS Capital | Vintages' Track Record
9 SPS Capital | Vintages’ Track Record Year Committed Capital Invested Capital¹ Distributed Capital Number of Investments Net Return² I II III +R$135mm +22.6% p.a. +R$195mm 30 2018 +R$54mm +R$671mm +21.5% p.a. +R$906mm 40 2020 - +R$1,067mm +18.3% p.a. +R$114mm 9 2021 - Note: Values shown for Vintage
Slide 10: Marcelo Mifano, Tomás Jatobá and Benjamin Citron will join Vinci as partners
10 Marcelo Mifano, Tomás Jatobá and Benjamin Citron will join Vinci as partners and bring complementary investment experiences. Investment strategy to be unaltered, and continue to be led and executed by the SPS Team Marcelo Mifano, Partner and Co - Founder ▪ Before SPS, Marcelo was head of BTG Pact
Slide 11: Vinci & SPS | AUM Proforma as of June 30, 2022
11 13.0 5.2 4.3 1.5 2.0 25.7 7.1 2.8 Private Equity Real Estate Credit Infrastructure Vinci SPS IP&S Public Equities Hedge Funds 13.0 5.2 4.3 1.5 25.7 7.1 2.8 R$60 bn AUM 2Q’22 R$62 bn AUM 2Q’22 ProForma Vinci Partners Vinci Partners & SPS Proforma 28 30 Vinci & SPS | AUM Proforma as of June 30, 202
Slide 12: Vinci's strategic priority to expand into new complementary Private Market products
12 One of Vinci’s main strategic priorities since its foundation has been to expand into new and complementary products in Private Market strategies Vinci Partners | Private Markets milestones Vinci Partners foundation 2009 VISC First perpetual capital vehicle in Real Estate VCP III Fundraising for
Slide 13: Transaction with SPS fills a strategic gap within Private Markets product offering
13 Transaction with SPS fills a strategic gap within our Private Markets product offering Vinci Partners & SPS | Consolidating Private Markets Vinci SPS SPS Capital will join Vinci Partners’ Private Markets as a new business line, with three vintages in its flagship strategy Equity Investments Close
Slide 14: Transaction Overview
14 Transaction Overview Transaction Structure ▪ Initial cash component at closing ▪ Additional consideration in VINP Class A common stock, up to 1.7 million shares , through an earnout structure to be paid in early 2027 Additional Considerations ▪ SPS team will be entitled to receive 100% of perform
Slide 15: Vinci & SPS | Key Takeaways
15 Transaction will increase our platform’s reach , expanding the product offering into a new strategy in which we currently do not operate , while adding a best - in - class investment team 1 2 Significant long term PRE upside coming from new vertical, given the nature and structure of the funds 3
Slide 16: Rio de Janeiro 2159 6000 Av. Bartolomeu Mitre, Leblon - 22431 - 002 São
16 Rio de Janeiro 55 21 2159 6000 Av. Bartolomeu Mitre, 336 Leblon - 22431 - 002 São Paulo 55 11 3572 3700 Av. Brigadeiro Faria Lima, 2.277 14 o andar Jardim Paulistano - 01452 - 000 Recife 55 81 3204 6811 Av. República do Líbano, 251 - Sala 301 Torre A - Pina - 51110 - 160 Nova York 1 646 559 8000
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