Vinci Compass Investments Ltd. · NASDAQ:VINP
Vinci Compass Investments — Q2 2026 Earnings Presentation
41 slides from Vinci Compass Investments's earnings presentation, Aug 11, 2026
Slide 1: Second Quarter 2026 Earnings Presentation
1 August 11, 2026 Second Quarter 2026 Earnings Presentation
Slide 2: Disclaimer
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 sub
Slide 3: Second Quarter 2026 Highlights
3 0.17 Quarterly Dividend US$ 53 bn 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$13 billion in the 2 Q’26 , with highlights to Global IP&S, Credit and Real Assets segments See notes and definiti
Slide 4: Vinci Compass announces the acquisition of Navi's Real Estate platform
4 Vinci Compass announces the acquisition of Navi’s Real Estate platform expanding its Multi - strategy and Residential presence Notes: As of June 30, 2026; Numbers may not add up due to rounding; ¹Pro forma combined AuM as of June 30, 2026. Navi’s Real Estate Platform Strategic Rationale Multi - st
Slide 5: Financial Highlights
5 Financial Highlights
Slide 6: Fee Related Earnings summary
6 ∆ YoY(%) 2Q'26 YTD 2Q'25 YTD ∆ YoY(%) 2Q'26 1Q'26 2Q'25 (R$ thousands, unless mentioned) 27% 497,049 391,098 29% 252,191 244,858 195,569 Net revenue from management fees (51)% 25,114 51,073 (65)% 9,047 16,067 26,220 Net revenue from advisory fees 0% 22,230 22,206 2% 11,190 11,040 10,944 Other reve
Slide 7: Total Assets Under Management and Advisory
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
Slide 8: Additional Capital Detail
8 Vinci Compass recognizes the performance revenue according to IFRS 15. Unrealized performance fees are recognized only when i s h ighly 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 se
Slide 9: Fee Related Revenues
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
Slide 10: Financial Metrics 2Q'26 overview
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
Slide 11: Financial Metrics 2Q'26 YTD overview
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$2.82/ share • The contribution of Verde for the full period and BACS in June 2026, alongside organic fundraising thr
Slide 12: Adjusted Distributable Earnings (Adj. DE)
12 138 126 2Q'25 YTD 2Q'26 YTD 76 63 2Q'25 2Q'26 Adjusted Distributable Earnings (Adj. DE) See notes and definitions at end of document Adj. DE 2Q’26 vs. 2Q’25 ( R$mm ) 21% 27% 1 .20 0.96 Adj. DE 2Q’26 YTD vs. 2Q’25 YTD ( R$mm ) 21% 26% 2.18 1.92 Adj. DE per share % Adj. DE margin Adj. DE per share
Slide 13: Balance Sheet Highlights & IRE Commitments
13 21% 19% 17% 20% 15% 5% 3% Fair Value of Investments - IRE Commitment Balance Sheet Highlights & IRE Commitments 2Q'26 1Q'26 (IN R$ MILLIONS, UNLESS MENTIONED) 225.0 208.5 Cash and cash equivalents¹ 1,061.1 1,110.6 Net Investments 171.4 242.3 Liquid funds² 890.4 868.4 IRE Commitments³ (561.7) (565
Slide 14: IRE Commitments Overview
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$13.56 R$13.27 Total Capit
Slide 15: Segment Highlights
Segment Highlights VINCI COMPASS
Slide 16: Financials by Segment
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
Slide 17: Global Investment Products & Solutions (Global IP&S)
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
Slide 18: Credit
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 R
Slide 19: Private Equity
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 low
Slide 20: Equities
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 portf
Slide 21: Real Assets
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
Slide 22: Corporate Advisory
22 Corporate Advisory Fee Related Earnings (FRE) and Segment Distributable Earnings totaled negative R$1.1 million in the 2Q’26 ∆ YoY (%) 2Q'26 YTD 2Q'25 YTD ∆ YoY (%) 2Q'26 1Q'26 2Q'25 (R$ THOUSANDS, UNLESS MENTIONED) N/A – – N/A – – – Net revenue from management fees (64)% 3,082 8,677 (82)% 1,443
Slide 23: Supplement Details
23 Supplement Details
Slide 24: AuM Rollforward
24 See notes and definitions at end of document AuM¹ Rollforward Total Real Assets Equities Private Equity Credit Global IP&S In R$ millions 346,803 15,427 16,086 14,975 36,813 263,503 Beginning balance 468 (109) – (93) 429 241 (+/ - ) Capital Subscription / (Capital Return) 811 28 – – 542 241 (+) C
Slide 25: Fee-Earning AuM Rollforward
25 See notes and definitions at end of document Fee - Earning AuM¹ Rollforward Total Real Assets Equities Private Equity Credit Global IP&S In R$ millions 339,435 12,703 16,036 12,287 36,232 262,178 Beginning balance 468 (109) – (93) 429 241 (+/ - ) Capital Subscription / (Capital Return) 811 28 – –
Slide 26: Investment records – Credit and Equities Funds
26 Investment records – Credit and Equities Funds Hurdle Rate Market Comparison 24 M 12 M YTD 2Q’26 NAV¹ (R$ millions) Segment Fund or Strategy IPCA + Yield IMA - B IPCA + Yield IMA - B 29.5% 12.3% 1.2% (6.5)% 228.2 Equities Vinci Total Return² IBOV IBOV 32.8% 20.5% 7.2% (4.8)% 871.3 Equities Mosaic
Slide 27: Investment records – Global IP&S and Real Assets Funds
27 Investment records – Global IP&S and Real Assets Funds See notes and definitions at end of document 24 M 12 M YTD 2Q’26 Benchmark 28.7% 14.8% 6.8% 3.3% CDI 2 22.2% 12.1% 6.5% 2.5% IMA - B 3 10.2% 4.6% 3.4% 1.4% IPCA 4 14.4% 10.0% 1.5% (1.0)% IFIX 5 Hurdle Rate Market Comparison 24 M 12 M YTD 2Q’2
Slide 28: Investment records – Closed End funds
28 See notes and definitions at end of document Investment records – Closed End funds Pro Forma Historical Portfolio Performance¹ Gross IRR Gross IRR Gross MOIC Gross MOIC Total Value Unrealized Realized or Partially Realized Invested Capital Committed Capital Vintage year Segment Fund (USD) (BRL) (
Slide 29: Shareholder Dividends & Share Summary
29 See notes and definitions at end of document Shareholder Dividends & Share Summary 2Q’26 1Q’26 4Q'25 3Q'25 2Q'25 1Q'25 4Q'24 3Q'24 ($ in thousands) 63,317 62,237 81,288 73,092 75,759 62,306 73,946 57,104 Adjusted Distributable Earnings (R$) 12,424 12,702 15,605 13,645 13,964 11,027 12,804 9,872 A
Slide 30: Reconciliations and Disclosures
30 Reconciliations and Disclosures
Slide 31: Financials - Income Statement
31 Financials - Income Statement ∆ YoY (%) 2Q'26 YTD 2Q'25 YTD ∆ YoY (%) 2Q'26 1Q'26 2Q'25 (R$ thousands, unless mentioned) REVENUES 27% 497,049 391,098 29% 252,191 244,858 195,569 Net revenue from management fees (10)% 10,235 11,419 (12)% 7,345 2,890 8,342 Net revenue from performance fees (49)% 10
Slide 32: Financials - Non-GAAP Reconciliation
32 Financials - Non - GAAP Reconciliation 2Q'26 YTD 2Q'25 YTD 2Q'26 1Q'26 2Q'25 (R$ thousands, unless mentioned) 190,721 137,288 92,794 97,927 69,884 OPERATING PROFIT (10,235) (20,131) (7,345) (2,890) (17,054) ( - ) Net revenue from realized performance fees – 8,711 – – 8,711 ( - ) Net revenue from
Slide 33: Balance Sheet
33 Balance Sheet 6/30/2026 03/31/2026 Assets Current assets 224,968 208,545 Cash and cash equivalents 92,426 106,053 Cash and bank deposits 110,309 84,671 Financial instruments at fair value through profit or loss 22,233 17,821 Financial instruments at amortized cost 852,972 755,707 Financial instru
Slide 34: Notes to pages
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
Slide 35: Notes to pages (cont'd)
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 1 Q’ 24 onwards we
Slide 36: Notes to pages (cont'd)
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
Slide 37: Notes to pages
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
Slide 38: Definitions: Fee related earnings
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, l
Slide 39: Definitions: AuM
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 entitl
Slide 40: Definitions: Capital subscription, inflows, MOIC, IRR
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 segmen
Slide 41: Office locations
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 Σ 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 Av
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