Patria Investments Limited · NASDAQ:PAX
Patria Investments — Merger or Acquisition (June 2022)
11 slides from Patria Investments's merger presentation, Jun 9, 2022
Slide 1: Patria & VBI Transaction Overview
1 JU N E 2 0 22 Patria & VBI Transaction Overview
Slide 2: Disclaimer
Disclaimer 2 This presentation may contain forward - looking statements within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Securities Exchange Act of 1934 , as amended . You can identify these forward - looking statements by the use of words such a
Slide 3: Patria & VBI – Moving Forward in Real Estate
Patria & VBI – Moving Forward in Real Estate A COMBINED $1.5 BN AUM REAL ESTATE PLATFORM WITH OVER 60% IN PERMANENT CAPITAL STRUCTURES AND POSITIONED TO SCALE IN A FAST - GROWING MARKET Since our IPO in early 2021, we have been delivering on all fronts… o First Infra Core Fund o Credit & Public Equi
Slide 4: VBI Overview
4 VBI Overview ▪ Founded in 2006, VBI currently manages BRL 5 billion (~USD 1.0Bn) of AUM fully focused on real estate ▪ Launched 5 REITs (Permanent Capital) since 2018 including in Brazil’s most relevant strategies – Logistics, Office and Credit – as well as Fund of Funds and Retail ▪ Team of ~ 50
Slide 5: Patria & VBI Total AUM Q1 2022
5 Patria & VBI Total AUM Q1 2022 $27. 6 Bn 2.2 1.5 2.5 5 .3 11.6 5.6 Pro Forma Q1 2022 $28. 6 B n Total AUM Patria Patria & VBI (pro forma) The transaction triples Patria’s real estate AUM in Brazil with over 60% in permanent capital structures in a BRL 220+ billion market growing at a CAGR of 28% f
Slide 6: Why VBI?
Highly confidential and trade secret Why VBI? How VBI is positioned today What it means for Patria 1. 2. 3. 4. Among top independent alternative RE managers in the fast - growing Brazilian market 6 Well established manager positioned to serve as a scalable real estate platform for Patria in Brazil H
Slide 7: One of the Top Independent Alternative RE Managers in Brazil
Highly confidential and trade secret One of the Top Independent Alternative RE Managers in Brazil 1. A Leading Player in an Attractive Market With an impressive track record led by a highly specialized and seasoned team , VBI established itself as a top independent alternative real estate manager in
Slide 8: High Quality AUM Growing at a High Rate
Highly confidential and trade secret High Quality AUM Growing at a High Rate 2. 38% AUM CAGR (2018 - 2021) VBI has outpaced the market 3.7 1.4 BRL 5.0 billion Strong growth – 131% CAGR since its debut (2018 - 2021) Diversified product offering encompassing 5 listed REITs Solid presence in Brazil’s m
Slide 9: Strong Investment Performance
Highly confidential and trade secret Strong Investment Performance Source: (1) As of April 2022. Size figures represent book value; (2) As of March 2022; (3) Figures represent the market share of each VBI fund in its segment based on the IFIX representativeness; (4) Market average considers average
Slide 10: One of the Few Institutional Platforms in the Brazilian RE Market
Highly confidential and trade secret One of the Few Institutional Platforms in the Brazilian RE Market » VBI is a group of professionals with deep real estate expertise, delivering consistent strong returns » Sales, operating and back - offices areas are well organized, with systems and processes to
Slide 11: Transaction Overview
Transaction Overview THE TRANSACTION WILL BE COMPOSED OF TWO STAGES LEADING TO FULL INTEGRATION Stage 1 – expected to close within 60 days ▪ Patria will acquire 50% of VBI shares for cash consideration, plus the addition of Patria’s two existing Brazilian REIT vehicles (no dilution to current PAX sh
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