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6-K

Vinci Compass Investments Ltd. (VINP)

6-K 2022-08-11 For: 2022-08-11
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Added on April 07, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGNPRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2022

Commission FileNumber: 001-39938

Vinci Partners Investments Ltd.

(Exact name of registrant as specified in itscharter)

Av. Bartolomeu Mitre, 336Leblon – Rio de JaneiroBrazil 22431-002+55 (21) 2159-6240

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F X Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes No X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes No X

TABLE OF CONTENTS

EXHIBIT
99.1 Vinci Partners Investments Ltd. Second Quarter 2022 Earnings Presentation
99.2 Press release dated August 11, 2022 – Vinci Partners Reports Second Quarter 2022 Results
99.3 Vinci Partners Investments Ltd. Interim Financial Statements as of June 30, 2022 and For the Six-Month Period Ended June 30, 2022 and 2021

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Vinci Partners Investments Ltd.
By: /s/ Sergio Passos Ribeiro
Name: Sergio Passos Ribeiro
Title: Chief Financial Officer

Date: August 11, 2022

Exhibit 99.1

Second Quarter 2022 Earnings Presentation August 11, 2022

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 o f 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 fu ture 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 - looki ng 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 st atements. 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 sta tements. 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 availa ble on the SEC Filings section of the investor relations section of our website at: https://ir.vincipartners.com/financials/sec - filings. We have prepared this presentation solely for informational purposes. The information in this presentation does not constitut e o r 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 a ffi liates, 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 sub sid iaries 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 usefu l 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 o f our business that, when viewed with our International Financial Reporting Standards (“IFRS”) results, as issued by the International Accounting Standards Board, prov ide 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 suc h 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 cer tai n 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 wh ich 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 st atements. 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 . A s other companies may determine or calculate this non - GAAP financial information differently, the usefulness of these measures for comparative purposes is limited. A reconciliatio n o f such non - GAAP financial measures to the nearest GAAP measure is included in this presentation. 2

3 Presenters Alessandro Horta Chief Executive Officer Sergio Passos Chief Operating Officer & Chief Financial Officer Bruno Zaremba Private Equity Chairman & Head of Investor Relations

Opening Remarks

5 Vinci Partners reports solid quarter with strong fundraising across Private Markets and IP&S After - tax Adjusted DE² 2Q22 R$61.1 (EPS R$1.10) R$ 60 bn AUM¹ See notes and definitions at end of document R$4.6 bn Total Fundraising 2Q22 Vinci Partners ended the second quarter of 2022 with R$60 bn in AUM¹ Vinci Partners continues to deliver solid results, which translates into substantial amounts of free cash flow and attractive dividend distribution to shareholders Quarterly Dividend US$0.17 Per share Dividends since IPO US$1.00 Per share Vinci Partners announced on July 28 th the launch of new Special Situations segment, through the acquisition of SPS Capital Immediate DE/Share accretion ▪ SPS Capital is one of the top independent Special Situations asset managers in Brazil. ▪ The transaction will increase Vinci’s product offering in Private Market strategies. ▪ Combination of Vinci's distribution channels with SPS' track record will leverage fundraising for Vintage IV and new products , especially within the Credit segment. ▪ Business model with recurring and high - visibility revenue stream , with long - term lockups and attractive fee structure. R$ 1 bn Approved Anchor investment from BNDES in Infrastructure and Credit +R$2.0 bn Across 3 Vintages R$62 bn Proforma AUM 6.3 % LTM Dividend Yield³

Financial Highlights

7 Second Quarter 2022 Segment Earnings (Unaudited) See notes and definitions at end of document (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY(%) 2Q'21 YTD 2Q'22 YTD ∆ YoY(%) Net revenue from management fees 94,778 87,229 89,271 - 6% 176,621 176,500 0% Net revenue from advisory fees 6,378 3,674 6,659 4% 21,444 10,333 - 52% Total Fee Related Revenues 101,156 90,903 95,930 - 5% 198,065 186,833 - 6% Segment personnel expenses (5,528) (6,549) (6,233) 13% (10,625) (12,782) 20% Other G&A expenses (4,058) (4,503) (4,178) 3% (7,632) (8,681) 14% Corporate center expenses (19,296) (18,761) (21,350) 11% (38,808) (40,111) 3% Bonus compensation related to management and advisory¹ (17,082) (17,272) (17,267) 1% (35,608) (34,539) - 3% Total Fee Related Expenses (45,964) (47,085) (49,028) 7% (92,674) (96,113) 4% FEE RELATED EARNINGS (FRE) 55,192 43,818 46,902 - 15% 105,391 90,720 - 14% FRE Margin (%) 54.6% 48.2% 48.9% 53.2% 48.6% FRE per share² (R$/share) 0.97 0.78 0.84 1.85 1.63 Net revenue from performance fees 18,624 3,172 3,839 - 79% 28,575 7,011 - 75% Performance based compensation³ (7,817) (1,032) (1,427) - 82% (11,109) (2,459) - 78% PERFORMANCE RELATED EARNINGS (PRE) 10,807 2,140 2,412 - 78% 17,466 4,552 - 74% PRE Margin (%) 58.0% 67.5% 62.8% 61.1% 64.9% ( - ) Unrealized performance fees (9,065) (636) – N/A (9,487) (636) - 93% (+) Unrealized performance compensation 2,980 225 – N/A 3,130 225 - 93% (+) Realized GP investment income 345 2,045 4,926 1,328% 457 6,971 1,425% SEGMENT DISTRIBUTABLE EARNINGS 60,259 47,593 54,240 - 10% 116,958 101,833 - 13% Segment DE Margin (%) 54.3% 49.8% 51.8% 53.7% 50.9% (+) Depreciation and amortization 926 984 976 5% 1,865 1,960 5% (+) Realized financial income 14,239 24,996 20,001 40% 18,883 44,997 138% ( - ) Leasing expenses (3,106) (2,472) (2,400) - 23% (6,263) (4,872) - 22% ( - ) Other items (2,120) (1,136) 644 N/A (1,234) (492) - 60% ( - ) Extraordinary expenses – (5,109) (962) – (6,071) ( - ) Income taxes (excluding related to unrealized fees and income) (15,417) (11,601) (12,064) - 22% (28,232) (23,665) - 16% DISTRIBUTABLE EARNINGS (DE) 54,781 53,255 60,435 10% 101,976 113,690 11% DE Margin (%) 43.7% 44.2% 48.5% 43.1% 46.4% DE per share (R$/share) 4 0.97 0.95 1.09 1.79 2.04 (+) Nonrecurring expenses (including Income Tax effect) 5 – 4,437 635 N/A – 5,072 N/A ADJUSTED DISTRIBUTABLE EARNINGS 54,781 57,692 61,070 11% 101,976 118,762 16% Adjusted DE Margin (%) 43.7% 47.9% 49.0% 43.1% 48.4% Adjusted DE per share (R$/share) 0.97 1.03 1.10 1.79 2.13

8 ▪ Total assets under management (“AUM”) of R$59.5 billion, up 5% year - over - year. ▪ Fee - Earning AUM (“FEAUM”) of R$56.0 billion, up 3% year - over - year. ▪ Performance fee - eligible AUM (“PEAUM”) of R$33.5 billion at the end of the quarter. ▪ Net inflows of R$ 1.7 billion in the quarter and R$2.5 billion over the 2Q’22 LTM. ▪ New capital subscriptions of R$2.9 billion in the quarter and R$4.4 billion over the 2 Q’22 LTM . ▪ Capital Return of R$160 million in the quarter and R$1.6 billion over the 2Q’22 LTM. ▪ Net cash and investments of R$1.4 billion (R$24.37/share) at the end of the quarter. Second Quarter 2022 Highlights ▪ Fee - related revenues of R$187 million over the 2Q’22 YTD , down 6% year - over - year and up 6% quarter - over - quarter. ▪ FRE was R$90.7 million over the YTD 2Q’22 , down 14% year - over - year and up 7% quarter - over - quarter. ▪ Adjusted Distributable Earnings (“DE”) of R$61.1 million (R$1.10/share) in the quarter, up 11% year - over - year. x Adjusted DE was R$ 118.8 million (R$ 2.13 /share) over the YTD 2Q’22 , up 16 % year - over - year. Financial Measures Capital Metrics Capital Returned to Shareholders ▪ Quarterly dividend of US$0.17 per common share payable on September 9, 2022. ▪ Total capital used for share repurchases of R$14.6 million in the 2Q’22.

9 Vinci raised R$4.6 billion in 2Q’22, a resilient and robust organic growth in AUM despite a volatile and challenging macro scenario ▪ Net Inflows accounted for R$1.7 billion in 2Q’22. ▪ R$2.4 billion raised in IP&S, coming primarily from our pension plan products. ▪ Our Liquid Strategies' AUM remains extremely resilient in comparison to local market's overall behavior. We did not experience significant outflows in open - ended funds, whilst the Brazilian asset manager industry has continued to suffer from outflows adding up to R$95 billion in the year - to - date. ▪ AUM was impacted by R$1.7 billion in depreciation following a significant mark - to - market effect in liquid strategies. The Ibovespa index dropped by 18% in the quarter, impacting the overall mark of Vinci's liquid funds. Net Capital Subscriptions Net Inflows AUM Appreciation/ Depreciation ▪ Private Markets strategies raised R$2.9 billion in additional long - term capital for the platform in 2Q’22. ▪ We started to fundraise for VCP IV, the fourth vintage in our flagship Private Equity strategy. VCP IV was activated as of June 23 rd and all fees charged for subsequent following closings will retroact to this date. ▪ Credit raised R$900 million through its new vintage, Vinci Credit Infra, anchored by a local institutional investor. ▪ This quarter the Private Equity strategy had an impact from a non - fee earning AUM mandate, following the structuring of Evino's operation (VCP III's portfolio company). AUM Rollforward – QTD (R$ bn) 56.7 59.5 2.9 (1.7)

10 19 18 2 3 7 7 27 28 2Q'21 2Q'22 Perpetual or quasi-perpetual 10+ Years 5-10 Years 19 21 14 10 22 26 55 56 2Q'21 2Q'22 Private Markets Liquid Strategies IP&S We continue to see AUM expansion through organic growth across the platform... ▪ Total assets under management (AUM) of R$59.5 billion, up 5% year - over - year, driven primarily by strong fundraising coming from Private Markets funds and our pension plan products within IP&S. ▪ During the second quarter of 2022, Vinci raised R$2.9 billion in Private Markets, with highlights to the start of fundraising fo r VCP IV, and the capital raise for a new vintage in our Credit strategy, Vinci Credit Infra. ▪ Total Fee - Earning AUM (FEAUM) of R$56.0 billion, up 3% year - over - year. AUM 2Q ’ 22 vs 2Q ’ 21 ( R$bn ) Fee - Earning AUM 2Q ’ 22 vs 2Q ’ 21 ( R$bn ) Long - Term AUM¹ 2Q ’ 22 vs 2Q ’ 21 ( R$bn ) + 5% + 3% +2% See notes and definitions at end of document 21 24 14 10 22 26 57 60 2Q'21 2Q'22 Private Markets Liquid Strategies IP&S

11 Vinci acquired SPS Capital in July 2022, adding R$2.0 billion of long - term high - fee earning AUM to the platform 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 R$60 bn AUM 2Q’22 R$62 bn AUM 2Q’22 ProForma Vinci Partners Vinci Partners & SPS Proforma 28 30 … and inorganic growth through strategic acquisitions Long Term AUM 2Q22 2Q22 PF +8% 13.0 5.2 4.3 1.5 25.7 7.1 2.8 Transaction expected to close until the end of 3Q’22

12 22% 9% 7% 2% 43% 12% 5% 35% 22% 22% 13% 8% Local Institucional HNWI Institutional Offshore Allocators & Distributors Public market vehicles 24% 12% 5% 5% 21% 15% 6% 12% Private Equity Real Estate Credit Infrastructure IP&S Public Equities Hedge Funds Advisory Our AUM base favors alpha - driven strategies, while our revenue profile is management fee - centric Our platform is highly diversified across different strategies and clients 46 % of net revenues come from private market strategies ² 46 % of AUM is in long term products ¹ AUM diversified across five different distribution channels AUM 2Q ' 22 Net Revenues 2Q ' 22 LTM See notes and definitions at end of document AUM 2Q ' 22

13 Vinci holds a strong long - term upside from realization of performance fees in private market funds Gross Accrued Performance Fees – Private Market Funds ▪ Performance fee receivable increased to R$146.1 million in the 2Q’22, a 40% increase quarter - over - quarter, driven mostly by appr eciation in the VCP III strategy. ▪ The VCP strategy¹ in Private Equity accounted for R$126 million in accrued performance fees, or 86% of total performance fees . ▪ Vinci Partners had, as of 2Q’22, R$9 billion in performance eligible AUM coming from Private Markets’ funds still within inve stm ent period. ▪ Substantial long - term upside from Vinci SPS’s performance fees. Vinci is entitled to receive 30% of performance fee revenue gene rated from SPS Vintage III and onwards vintages will follow Vinci’s standard performance compensation structure. Currently all three vintages are marked way above their benchmarks. R$146.1 mm Accrued Performance Fees (R$ mm) Accrued Performance Fees by Strategy (%) Vinci Partners 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 $ 19 . 9 million as of the end of the second quarter of 2022 booked as unrealized performance fees in the company ´ s balance sheet . Accrued performance fees shown for Private Equity funds of R $ 126 . 1 million as of the end of the second quarter of 2022 have not been booked as unrealized performance fees in the company ´ s balance sheet . See notes and definitions at end of document 86% 14% Private Equity Infrastructure

14 30% 25% 16% 9% 10% 8% 2% Private Equity IP&S Public Equities Real Estate Credit Hedge Funds Infrastructure Significant exposure to performance fee - eligible AUM ▪ Total Performance fee eligible AUM (PEAUM) of R$33.5 billion. ▪ Hurdle rate funds charge performance based on the fund’s return over its benchmark, generally with a high - watermark clause, except for the SWF mandate in Public Equities. ▪ Within our Private Market strategies, R$9 billion in AUM comes from “preferred return” funds with carried interest, that are still in investment period. PEAUM R$33 bn PERFORMANCE FEE ELIGIBLE AUM (PEAUM) Strategy/Fund AUM R$mm Index type Index Rate Status Offshore Vehicles 3,147 Preferred Return w/ Catch - Up² USD + 8% Within investment period Onshore Vehicles 2,909 Preferred Return w/ Catch - Up² IPCA 5 + 8% Within investment period Nordeste III 233 Preferred Return w/ Catch - Up² IPCA 5 + 8.5% Currently generating performance Teman Pier 96 Preferred Return w/ Catch - Up² IPCA 5 + 5% Within investment period Others 3,708 Not expected to pay performance Total Private Equity 10,092 Vinci Valorem 2,539 Hurdle³ IMAB 5 6 Currently generating performance Separate Mandates 1,711 Hurdle³ IBOV 7 + alpha Currently generating performance International¹ 1,626 Currently generating performance Commingled Funds 705 Hurdle³ IBOV 7 + alpha Currently generating performance VSP 205 Preferred Return w/ Catch - Up² IPCA 5 + 8% Currently generating performance Others 1,427 Currently generating performance Total IP&S 8,214 SWF 3,674 Hurdle³ FTSE 8 Currently generating performance Mosaico Strategy 1,001 Hurdle³ IBOV 7 Currently generating performance Vinci Gas Dividendos 470 Hurdle³ IBOV 7 Currently generating performance Others 307 Currently generating performance Total Public Equities 5,452 Listed REITs 2,357 Hurdle³ IPCA 5 + 6% Currently generating performance VFDL 435 Preferred Return 4 IPCA 5 + 6% Within investment period FOF Strategy 227 Hurdle³ IFIX 9 Currently generating performance Others 16 Currently generating performance Total Real Estate 3,035 VCI II 739 Preferred Return 4 IPCA 5 + 6% Within investment period VES 614 Preferred Return 4 IPCA 5 + 6% Within investment period VCM FIM 360 Preferred Return 4 IPCA 5 + 5% Within investment period Energia FIM 272 Hurdle³ CDI 10 Currently generating performance VCS 175 Hurdle³ IPCA 5 + 5% Within investment period VCI I 257 Not expected to pay performance Others 919 Currently generating performance Total Credit 3,336 Atlas Strategy 490 Hurdle³ CDI 10 Currently generating performance Vinci Multiestratégia 490 Hurdle³ CDI 10 Currently generating performance Vinci Total Return 343 Hurdle³ IPCA 5 + Yield IMAB 11 Currently generating performance Others 1,224 Currently generating performance Total Hedge Funds 2,548 VIAS 371 Preferred Return 4 IPCA 5 + 6% Within investment period Transportation and Logistics 151 Preferred Return 4 IPCA 5 + 6% Within investment period FIP Infra Transmissão 72 Preferred Return 4 IPCA 5 + 8% Currently generating performance Others 199 Not expected to pay performance Total Infrastructure 793 PEAUM TOTAL 33,469

15 95 89 6 7 101 96 2Q'21 2Q'22 Management fees Advisory fees Fee Related Revenues 2Q ’ 22 vs. 2Q ’ 21 (R$mm) - 5% YoY 177 177 21 10 198 187 2Q'21 YTD 2Q'22 YTD Management fees Advisory fees Fee Related Revenues Management fees remain the main contributor to revenues, accounting for 91% of total revenues over the 2Q’22 YTD ▪ Fee related revenues totaled R$95.9 million in the quarter, up 6% quarter - over - quarter, a result of higher advisory fees and the fundraising across Private Market and pension plan products within IP&S. ▪ Fee related revenues, down 5% year - over - year primarily due to our successful capital return in FIP Energia PCH, which occurred in the first quarter of 2022, and the mark - to - market impact in liquid funds following strong corrections in the local markets during the quarter. ▪ Fee related revenues accounted for R$186.8 million over the 2Q’22 YTD, down 6% when compared to the 2Q’21 YTD, due to a great er contribution from advisory fees in 1Q’21, driven by the pre - IPO advisory for B3 listed company Espaço Laser. - 6% YoY Fee Related Revenues 2Q ’ 22 vs. 1Q ’ 22 ( R$mm ) Fee Related Revenues 2Q’22 YTD vs. 2Q’21 YTD (R$mm) 87 89 4 7 91 96 1Q'22 2Q'22 Management fees Advisory fees + 6% QoQ

16 Operating Expenses ▪ Total operating expenses of R$50.5 million in the quarter, down 6% year - over - year. ▪ Disregarding bonus compensation, Personnel, Corporate center and G&A expenses were up 10% year - over - year due to higher inflation in the period and return of travel expenses to the same levels experienced before COVID - 19 pandemic. ▪ Total operating expenses of R$98.6 during the 2Q’22 YTD , a decrease of 5% when compared to the 2Q’21 YTD. Total Expenses 2Q ’ 22 vs. 2Q ’ 21 ( R$mm ) Total Expenses 2Q’22 YTD vs. 2Q ’ 21 YTD ( R$mm ) See notes and definitions at end of document 25 19 19 21 6 6 4 4 54 50 2Q'21 2Q'22 Bonus compensation Corporate center Segment Personnel expenses Other G&A 47 37 39 40 11 13 8 9 104 99 2Q'21 YTD 2Q'22 YTD Bonus compensation Corporate center Segment Personnel expenses Other G&A - 5% - 6%

17 105 91 2Q'21 YTD 2Q'22 YTD 55 47 2Q'21 2Q'22 Fee Related Earnings (FRE) ▪ Fee Related Earnings (FRE)¹ of R$46.9 million (R$0.84/share) in the quarter, up 7% quarter - over - quarter, following strong fundra ising across Private market and IP&S strategies and a stronger contribution from advisory fees. ▪ FRE was down 15% year - over - year, following the capital return of R$1.1 billion for FIP Energia PCH in 1Q’22, combined with the mark - to - market effect in our liquid strategies' AUM with the strong correction in local markets over the quarter. ▪ FRE¹ was R$90.7 million (R$1.63/share) over the 2Q’22 YTD, down 14% when compared to the 2Q’21 YTD, driven by substantially h igh er advisory fees in the first half of 2021. ▪ FRE Margin was 49% for the 2Q’22, a decrease of 5.7 percentage point when compared to the 2Q’21, impacted partially by higher fi xed costs following the rise in inflation rates and combined with the reduction in management fees as a consequence of capital returns and mark - to - market effect. On a comparable basis, FRE margin disregarding our recently announced VRS segment, would be 51%. FRE per share ¹ R$0.78 R$0.84 R$1.85 R$1.63 4 9 % 55 % 47% 53% Fee Related Earnings 2Q’22 vs. 2Q’21 ( R$mm ) Fee Related Earnings 2Q’22 YTD vs. 2Q’21 YTD ( R$mm ) - 15% YoY - 14% YoY R$0.84 R$0.97 See notes and definitions at end of document Fee Related Earnings 2Q’22 vs. 1Q’22 ( R$mm ) 44 47 1Q'22 2Q'22 4 9 % 48 % + 7% QoQ % FRE margin

18 Performance Related Earnings (PRE) ▪ Performance related earnings (PRE)¹ of R$2.4 million (R$0.04/share) in the quarter, down 78% year - over - year. ▪ PRE¹ was R$4.6 million (R$0.08/share) over the 2Q’22 YTD , down 74% when compared to the 2Q’21 YTD. ▪ In the 2Q'21 the platform was positively impacted by an extraordinary performance coming from international exclusive mandate s i n IP&S, that although unrealized, impacted PRE results. Liquid strategies' funds haven't been able to charge significant levels of performance fees during 2022, mostly due to their hig h - watermark clause and the strong correction in local markets during the period. Performance Related Earnings 2Q ’ 22 vs. 2Q ’ 21 ( R$mm ) Performance Related Earnings 2Q’22 YTD vs. 2Q’21 YTD ( R$mm ) % PRE margin 63 % 58 % - 74% 65 % 61 % PRE per share¹ R$0.12 R$0.04 R$0.31 R$0.08 5 2 6 11 2 2Q'21 2Q'22 Realized Unrealized - 78% 11 4 6 0.4 17 5 2Q'21 YTD 2Q'22 YTD Realized Unrealized See notes and definitions at end of document

19 14 20 0.3 5 15 25 2Q'21 2Q'22 Realized Financial Income Realized GP Investment Income Realized GP Investment and Financial income ▪ Realized GP Investment¹ and Financial income² of R$25.0 million in the 2Q ’ 22, up 71% year - over - year, driven by realized gains in our liquid funds' portfolio. ▪ Realized GP Investment income of R$4.9 million in the quarter, coming primarily from dividend distributions of the company’s pro prietary stake in listed REITs. ▪ Realized GP Investment¹ and Financial income² accounted for R$52.0 million over the 2Q’22 YTD , up 169% when compared to the 2Q’ 21 YTD. See notes and definitions at end of document Realized GP Investment¹ and Financial income² 2Q ’ 22 vs 2Q ’ 21 ( R$mm ) Realized GP Investment¹ and Financial income² 2Q’22 YTD vs 2Q’21 YTD ( R$mm ) 19 45 7 19 52 2Q'21 YTD 2Q'22 YTD Realized Financial Income Realized GP Investment Income + 71% + 169%

20 102 119 2Q'21 YTD 2Q'22 YTD 55 61 2Q'21 2Q'22 Adjusted Distributable Earnings (DE) ▪ Adjusted Distributable Earnings (DE)¹ of R$61.1 million (R$1.10/share) in the quarter, up 11% year - over - year, boosted by a great er contribution from financial income. ▪ Adjusted DE margin for the quarter was 49%, up 5.3 percentage points when compared to the 2Q’21. Adjusted DE margin was 48% i n t he 2Q’22 YTD , an increase of 5.3 percentage points compared to the 2Q’21 YTD . ▪ Adjusted DE was R$118.8 million (R$2.13/share) in the 2Q’22 YTD , up 16% when compared to the 2Q’21 YTD . Adjusted Distributable Earnings (DE) 2Q ' 22 vs. 2Q ' 21 ( R$mm ) Adjusted Distributable Earnings (DE) 2Q’22 YTD vs. 2Q’21 YTD ( R$mm ) Adjusted DE per share² + 11% % Adjusted DE margin 49% 44% R$0.97 R$1.10 + 16% 48 % 43% R$1.79 R$2.13 See notes and definitions at end of document

21 24.58 24.37 1Q'22 2Q'22 Cash and Net Investments per share 4 (R$/share) Share Repurchase Activity (in R$ million, unless mentioned) 1Q'22 2Q'22 Total Shares Repurchased (number of shares) 326,261 250,360 Total Capital Used for Share Repurchases 21.2 14.6 Remaining Share Repurchase Plan Authorization 5 11.2 56.4 Average Price Paid Per Share (US$) 12.3 11.7 (in R$ millions, unless mentioned) 1Q'22 2Q'22 Cash and cash equivalents¹ 38.5 57.8 Net Investments 1,333.5 1,296.7 Liquid funds² 1,074.9 1,245.0 GP Fund Investments³ 258.7 51.7 Cash and Net Investments 1,372.0 1,354.5 Cash and Net Investments per share 4 (R$/share) 24.58 24.37 Balance Sheet Highlights ▪ As of June 30, 2022, Vinci Partners had R$1.4 billion (R$24.37/share) in total cash and net investments, that comprise cash, cas h equivalents and net investments (liquid funds and GP fund investments at fair value). ▪ Vinci Partners repurchased 250,360 shares in the quarter with an average share price of US$11.7. As of June 30, 2022, the com pan y had R$56.4 million remaining in its current authorized share repurchase plan. See notes and definitions at end of document

Segment Highlights

23 53% 21% 22% 4% Financials by segment ▪ Fee Related Earnings (FRE), disregarding Vinci Retirement Services segment, were R$93.8 million over the 2Q’22 YTD, with 53% of FRE coming from Private Markets, followed by IP&S accounting for 22%, Liquid Strategies for 21% and Financial Advisory for 4%. ▪ Segment Distributable Earnings, disregarding Vinci Retirement Services segment, were R$104.9 million over the 2Q’22 YTD, with 55 % coming from Private Markets’ strategies, followed by Liquid Strategies accounting for 21%, IP&S accounting for 20% and Financial Advisory for 4%. Segment Distributable Earnings 2Q’22 YTD by Segment Fee Related Earnings (FRE) 2Q’22 YTD by Segment R$94 mm R$105 mm 55% 21% 20% 4% Private Markets Liquid Strategies IP&S Financial Advisory

24 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) Net revenue from management fees 49,407 46,759 47,654 - 4% 95,988 94,413 - 2% Net revenue from advisory fees 2,641 467 275 - 90% 3,146 741 - 76% Total Fee Related Revenues 52,048 47,226 47,929 - 8% 99,134 95,154 - 4% Segment personnel expenses (2,722) (2,736) (2,923) 7% (5,160) (5,659) 10% Other G&A expenses (2,907) (2,755) (2,411) - 17% (5,232) (5,166) - 1% Corporate center expenses (9,792) (9,554) (10,827) 11% (20,376) (20,381) 0% Bonus compensation related to management and advisory (7,568) (7,307) (7,426) - 2% (15,299) (14,733) - 4% Total Fee Related Expenses (22,989) (22,352) (23,587) 3% (46,067) (45,939) 0% FEE RELATED EARNINGS (FRE) 29,059 24,874 24,342 - 16% 53,067 49,215 - 7% FRE Margin (%) 55.8% 52.7% 50.8% 53.5% 51.7% Net revenue from performance fees 1,792 640 1,719 - 4% 2,254 2,359 5% Realized performance fees 715 4 1,719 140% 755 1,723 128% Unrealized performance fees 1,077 636 – N/A 1,499 636 - 58% Performance based compensation (570) (226) (609) 7% (731) (835) 14% PERFORMANCE RELATED EARNINGS (PRE) 1,222 414 1,110 - 9% 1,523 1,524 0% PRE Margin (%) 68.2% 64.7% 64.6% 67.6% 64.6% ( - ) Unrealized performance fees (1,077) (636) – N/A (1,499) (636) - 58% (+) Unrealized performance compensation 382 225 – N/A 532 225 - 58% (+) Realized GP investment income 345 2,045 4,926 1328% 457 6,971 1425% SEGMENT DISTRIBUTABLE EARNINGS 29,931 26,922 30,377 1% 54,079 57,299 6% Segment DE Margin (%) 56.4% 54.6% 55.7% 53.9% 55.2% 2Q'21 ∆ (%) 2Q'22 2Q'21 YTD 2Q'22 YTD ASSETS UNDER MANAGEMENT (AUM R$millions) 20,762 21,041 23,998 16% 20,762 23,998 16% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 18,873 19,192 20,722 10% 18,873 20,722 10% AVERAGE MANAGEMENT FEE RATE (%) 0.99% 0.92% 0.90% 0.98% 0.91% FULL TIME EMPLOYEES 50 50 46 - 8% 50 46 - 8% Private Equity 54% Real Estate 22% Credit 18% Infrastructure 6% Private Markets' AUM Private Markets R$24 bn AUM ▪ Fee related earnings (FRE) of R$24.3 million in the quarter, down 16% year - over - year, driven by a combination of FIP Energia PCH's capital return in the first quarter of 2022 and a one - off advisory fee contribution in Real Estate during the 2Q'21. FRE was R$49.2 million over the 2Q’22 YTD, a decrease of 7% when c omp ared to the 2Q’21 YTD. ▪ Segment Distributable Earnings of R$30.4 million in the quarter, up 1% year - over - year. Segment DE was R$57.3 million over the 2Q ’22 YTD, an increase of 6% when compared to the 2Q’21 YTD boosted by a higher contribution from GP investment income due to listed REITs dividends payout. ▪ Total AUM of R$24.0 billion at the end of the quarter, an increase of 16% year - over - year, driven by strong fundraising across Pr ivate Equity and Credit strategies. These fundraisings occurred in the latter part of the quarter and will start to impact management fee revenues from the third quarter onwards.

25 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) Net revenue from management fees 23,020 20,573 20,210 - 12% 43,003 40,783 - 5% Net revenue from advisory fees – – – N/A – – N/A Total Fee Related Revenues 23,020 20,573 20,210 - 12% 43,003 40,783 - 5% Segment personnel expenses (1,387) (1,384) (1,394) 1% (2,680) (2,778) 4% Other G&A expenses (681) (676) (780) 15% (1,305) (1,456) 12% Corporate center expenses (4,196) (4,203) (4,592) 9% (8,689) (8,795) 1% Bonus compensation related to management and advisory (3,893) (3,948) (3,922) 1% (7,312) (7,871) 8% Total Fee Related Expenses (10,157) (10,212) (10,688) 5% (19,986) (20,900) 5% FEE RELATED EARNINGS (FRE) 12,863 10,361 9,522 - 26% 23,017 19,883 - 14% FRE Margin (%) 55.9% 50.4% 47.1% 53.5% 48.8% Net revenue from performance fees 6,451 2,325 1,300 - 80% 8,460 3,625 - 57% Realized performance fees 6,451 2,325 1,300 - 80% 8,460 3,625 - 57% Unrealized performance fees – – – N/A – – N/A Performance based compensation (4,015) (722) (459) - 89% (4,718) (1,181) - 75% PERFORMANCE RELATED EARNINGS (PRE) 2,436 1,603 841 - 65% 3,742 2,444 - 35% PRE Margin (%) 37.8% 68.9% 64.7% 44.2% 67.4% ( - ) Unrealized performance fees – – – N/A – – N/A (+) Unrealized performance compensation – – – N/A – – N/A SEGMENT DISTRIBUTABLE EARNINGS 15,299 11,963 10,363 - 32% 26,759 22,327 - 17% Segment DE Margin (%) 51.9% 52.2% 48.2% 52.0% 50.3% ASSETS UNDER MANAGEMENT (AUM R$millions) 14,124 12,243 9,845 - 30% 14,124 9,845 - 30% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions) 13,965 12,104 9,708 - 30% 13,965 9,708 - 30% AVERAGE MANAGEMENT FEE RATE (%) 0.73% 0.74% 0.78% 0.70% 0.76% FULL TIME EMPLOYEES 24 21 22 - 8% 24 22 - 8% Public Equities 72% Hedge Funds 28% Liquid Strategies' AUM R$10 bn AUM Liquid Strategies ▪ Fee related earnings (FRE) of R$9.5 million in the quarter, down 26% year - over - year. FRE was R$19.9 million over the 2Q’22 YTD, a decrease of 14% compared to the 2Q’21 YTD, driven by the mark - to - market effect in liquid strategies' AUM during the second quarter, impacting management fee revenues. ▪ Performance related earnings (PRE) of R$0.8 million in the quarter, down 65% year - over - year. PRE was R$2.4 million over the 2Q’2 2 YTD, a decrease of 35% when compared to the 2Q’21 YTD. Liquid strategies' funds haven't been able to charge performance fees, mostly due to their high - watermark clause and the st rong correction in local markets during the period. ▪ Segment Distributable Earnings of R$10.4 million in the quarter, down 32% year - over - year. Segment Distributable Earnings was R$2 2.3 million over the 2Q’22 YTD, a decrease of 17% when compared to 2Q’21. ▪ AUM was R$9.8 billion at the end of the 2Q22. Liquid strategies' AUM has not suffered from significant outflows in the quarte r w hen compared to the outflows seen in the Brazilian asset manager industry during the quarter. Most of the decrease seen in liquid funds' AUM year - over - year comes from the mark - to - market effect following the depreciation in local markets.

26 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) Net revenue from management fees 22,349 19,897 21,407 - 4% 37,629 41,304 10% Net revenue from advisory fees 20 7 7 - 65% 39 14 - 65% Total Fee Related Revenues 22,369 19,904 21,414 - 4% 37,668 41,317 10% Segment personnel expenses (1,008) (1,827) (1,078) 7% (1,979) (2,905) 47% Other G&A expenses (344) (600) (450) 31% (809) (1,050) 30% Corporate center expenses (4,343) (4,065) (4,864) 12% (7,782) (8,929) 15% Bonus compensation related to management and advisory (3,927) (4,156) (3,557) - 9% (7,595) (7,712) 2% Total Fee Related Expenses (9,622) (10,648) (9,948) 3% (18,166) (20,596) 13% FEE RELATED EARNINGS (FRE) 12,747 9,255 11,466 - 10% 19,502 20,721 6% FRE Margin (%) 57.0% 46.5% 53.5% 51.8% 50.2% Net revenue from performance fees 10,382 208 820 - 92% 17,863 1,028 - 94% Realized performance fees 2,394 208 820 - 66% 9,875 1,028 - 90% Unrealized performance fees 7,988 – – N/A 7,988 – N/A Performance based compensation (3,233) (84) (360) - 89% (5,660) (444) - 92% PERFORMANCE RELATED EARNINGS (PRE) 7,149 124 460 - 94% 12,203 584 - 95% PRE Margin (%) 68.9% 59.5% 56.1% 68.3% 56.8% ( - ) Unrealized performance fees (7,988) – – N/A (7,988) – N/A (+) Unrealized performance compensation 2,599 – – N/A 2,599 – N/A SEGMENT DISTRIBUTABLE EARNINGS 14,507 9,379 11,926 - 18% 26,316 21,305 - 19% Segment DE Margin (%) 58.6% 46.6% 53.6% 55.4% 50.3% ASSETS UNDER MANAGEMENT (AUM R$millions) 21,966 23,394 25,659 17% 21,966 25,659 17% FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$millions) 21,812 23,258 25,545 17% 21,812 25,545 17% AVERAGE MANAGEMENT FEE RATE (%) 0.45% 0.37% 0.38% 0.40% 0.38% FULL TIME EMPLOYEES 14 14 16 14% 14 16 14% Investment Products & Solutions ▪ Fee related earnings (FRE) of R$11.5 million in the quarter, down 10% year - over - year due to a retroactive revenue recognition in the 2Q'21. FRE was up 24% on a quarter over quarter basis. FRE was R$20.7 million over the 2Q’22 YTD, an increase of 6% when compared to the 2Q’21 YTD, driven by the growth in manageme nt fees following notable fundraising over the last six months. ▪ Performance related earnings (PRE) of R$460 thousand, down 94% year - over - year. In the 2Q'21 the platform was positively impacted by an extraordinary performance coming from international exclusive mandates in IP&S, that although unrealized, impacted PRE results. PRE over the 2Q’22 YTD was R$584 th ous and, a decrease of 95% when compared to the 2Q’21 YTD. ▪ Segment Distributable Earnings of R$11.9 million in the quarter, down 18% year - over - year, mainly due to a higher contribution fr om PRE in the 2Q’21. Segment DE was R$21.3 million over the 2Q’22 YTD, a decrease of 19% when compared to the 2Q’21 YTD. ▪ Total AUM of R$25.7 billion, up 17% year - over - year, following the strong fundraising from our pension plan products in the secon d quarter. R$26 bn AUM Separate Mandates 59% Pension Plans 19% International 11% Commingled Funds 11% IP&S ' AUM

27 Financial Advisory ▪ Fee related earnings (FRE) of R$3.3 million in the quarter, up 525% year - over - year. ▪ FRE was R$4.0 million over the 2Q’22 YTD, a decrease of 60% when compared to the 2Q’21 YTD, due to a greater contribution fro m a dvisory fees in the 1Q’21, when the Advisory team closed the pre - IPO advisory for B3 listed company Espaço Laser. ▪ Segment Distributable Earnings over the 2Q’22 YTD were R$4.0 million, a decrease of 60% year - over - year when compared to the 2Q’2 1 YTD. (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) Net revenue from management fees – – – N/A – – N/A Net revenue from advisory fees 3,718 3,201 6,378 72% 18,259 9,578 - 48% Total Fee Related Revenues 3,718 3,201 6,378 72% 18,259 9,578 - 48% Segment personnel expenses (411) (505) (530) 29% (806) (1,035) 28% Other G&A expenses (126) (209) (165) 31% (307) (374) 22% Corporate center expenses (965) (938) (1,067) 11% (1,939) (2,006) 3% Bonus compensation related to management and advisory (1,694) (908) (1,350) - 20% (5,401) (2,208) - 59% Total Fee Related Expenses (3,196) (2,560) (3,112) - 3% (8,454) (5,623) - 33% FEE RELATED EARNINGS (FRE) 522 640 3,265 525% 9,805 3,956 - 60% FRE Margin (%) 14.1% 2 - % 51.2% 53.7% 41.3% SEGMENT DISTRIBUTABLE EARNINGS 522 640 3,265 525% 9,805 3,956 - 60% Segment DE Margin (%) 14.1% 2 - % 51.2% 53.7% 41.3% FULL TIME EMPLOYEES 8 11 10 25% 8 10 25%

28 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) Net revenue from management fees – – – – – – – Net revenue from advisory fees – – – – – – – Total Fee Related Revenues – – – – – – – Segment personnel expenses – (97) (308) N/A – (405) – Other G&A expenses – (263) (372) N/A – (635) – Corporate center expenses – – – N/A – – – Bonus compensation related to management and advisory – (1,002) (1,012) N/A – (2,014) – Total Fee Related Expenses – (1,362) (1,692) N/A – (3,054) – FEE RELATED EARNINGS (FRE) – (1,362) (1,692) N/A – (3,054) – FRE Margin (%) – – – – – – – Net revenue from performance fees – – – – – – – Realized performance fees – – – – – – – Unrealized performance fees – – – – – – – Performance based compensation – – – – – – – PERFORMANCE RELATED EARNINGS (PRE) – – – – – – – PRE Margin (%) – – – – – – – ( - ) Unrealized performance fees – – – – – – – (+) Unrealized performance compensation – – – – – – – SEGMENT DISTRIBUTABLE EARNINGS – (1,362) (1,692) N/A – (3,054) – Segment DE Margin (%) – – – – – – – 1Q'22 2Q'22 – 2Q'21 YTD 2Q'22 YTD – ASSETS UNDER MANAGEMENT (AUM R$millions) – – – – – – – FULL TIME EMPLOYEES – 3 5 – – 5 – Retirement Services ▪ Fee Related Earnings (FRE) of negative R$1.7 million in the quarter. FRE was negative R$3.1 million in the 2Q’22 YTD. ▪ VRS is within investment period and products are expected to be launched in 2023. We are separating this segment from others bec ause we believe it could be a relevant tech enabled vertical in the future.

Supplement Details

30 AUM and Fee - Earning AUM Rollforward Assets Under Management (AUM) – R$ millions Fee - Earning Assets Under Management (FEAUM) – R$ millions For the Three Months Ended June 30, 2022 For the Three Months Ended June 30, 2022 For the Twelve Months Ended June 30, 2022 For the Twelve Months Ended June 30, 2022 Private Public IP&S Infrastructure Real Estate Credit Hedge Total Equity Equities Funds Beginning balance 11,025 9,333 23,394 1,493 5,317 3,206 2,910 56,677 (+/ - ) Capital Subscription / (capital return) 1,888 – – 11 (113) 958 – 2,744 (+) Capital Subscription 1,898 – – 11 – 994 – 2,904 ( - ) Capital Return (11) – – – (113) (36) – (160) (+/ - ) Net Inflow / (outflow) – (646) 2,448 – 16 29 (116) 1,731 (+/ - ) Appreciation / (depreciation) 100 (1,622) (182) (45) (12) 124 (14) (1,651) Ending Balance 13,013 7,064 25,659 1,460 5,208 4,318 2,781 59,502 Private Public IP&S Infrastructure Real Estate Credit Hedge Total Equity Equities Funds Beginning balance 10,851 10,861 21,966 2,363 5,087 2,461 3,263 56,852 (+/ - ) Capital Subscription / (capital return) 2,103 – 203 (900) 296 1,053 – 2,755 (+) Capital Subscription 2,116 – 203 288 619 1,160 – 4,386 ( - ) Capital Return (13) – – (1,188) (323) (107) – (1,631) (+/ - ) Net Inflow / (outflow) – (1,289) 3,658 – 123 499 (498) 2,492 (+/ - ) Appreciation / (depreciation) 58 (2,508) (168) (3) (298) 305 16 (2,597) Ending Balance 13,013 7,064 25,659 1,460 5,208 4,318 2,781 59,502 Private Public IP&S Infrastructure Real Estate Credit Hedge Total Equity Equities Funds Beginning balance 9,236 9,267 23,258 1,433 5,317 3,206 2,838 54,553 (+/ - ) Capital Subscription / (capital return) 593 – – 11 (113) 958 – 1,449 (+) Capital Subscription 603 – – 11 – 994 – 1,609 ( - ) Capital Return (11) – – – (113) (36) – (160) (+/ - ) Net Inflow / (outflow) – (643) 2,468 – 16 29 (116) 1,755 (+/ - ) Appreciation / (depreciation) (31) (1,622) (181) (45) (12) 124 (16) (1,783) Ending Balance 9,797 7,002 25,545 1,399 5,208 4,318 2,706 55,975 Private Public IP&S Infrastructure Real Estate Credit Hedge Total Equity Equities Funds Beginning balance 9,066 10,765 21,812 2,259 5,087 2,461 3,200 54,650 (+/ - ) Capital Subscription / (capital return) 808 – 203 (850) 296 1,053 – 1,510 (+) Capital Subscription 821 – 203 288 619 1,160 – 3,091 ( - ) Capital Return (13) – – (1,138) (323) (107) – (1,581) (+/ - ) Net Inflow / (outflow) – (1,285) 3,686 – 123 499 (502) 2,520 (+/ - ) Appreciation / (depreciation) (77) (2,479) (155) (10) (298) 305 8 (2,706) Ending Balance 9,797 7,002 25,545 1,399 5,208 4,318 2,706 55,975

31 Investment records – IP&S, Liquid Strategies, Credit and Listed Funds Fund Segment NAV¹ (R$ millions) 2Q22 YTD 12 M 24 M Market Comparison Index Rate Vinci Multiestratégia FIM Hedge Funds 490.5 2.2% 5.4% 7.7% 9.2% CDI 4 CDI 4 Atlas Strategy² Hedge Funds 490.2 0.5% 4.8% 0.4% 0.9% CDI 4 CDI 4 Vinci Total Return Hedge Funds 241.0 - 12.5% - 4.5% - 10.5% 33.2% IPCA 5 + Yield IMA - B 7 IPCA 5 + Yield IMA - B 7 Mosaico Strategy Public Equities 951.1 - 18.5% - 8.9% - 24.6% - 3.0% IBOV 5 IBOV 5 Vinci Gas Dividendos FIA Public Equities 469.9 - 15.1% - 1.9% - 15.5% 7.5% IBOV 5 IBOV 5 Vinci Valorem FIM IP&S 3,066.5 2.9% 7.3% 9.7% 15.4% IMA - B 5 7 IMA - B 5 7 Equilibrio Strategy³ IP&S 2,070.7 2.7% 7.4% 8.9% 15.9% IPCA 6 - Vinci Selection Equities FIA IP&S 634.3 - 13.7% - 5.6% - 21.6% 0.3% IBOV 5 IBOV 5 Vinci Crédito Imobiliário I Credit 257.1 3,16% 7.79% 7,79% 16,39% IPCA 6 IPCA 6 +7.785% Vinci Crédito Imobiliário II Credit 636.9 1,55% 4.71% 4,52% 11,52% IPCA 6 IPCA 6 + 6% Vinci Crédito Estruturado Multiestrategia Plus FIC FIM Credit 125.0 3,36% 6.16% 11,00% 16,43% CDI 4 CDI 4 Vinci Energia Sustentável Credit 614.0 2,33% 1.30% 3,58% 13,55% IPCA 6 IPCA 6 + 6% Vinci Crédito Multiestratégia Credit 308.2 3,35% 6.80% 12,91% - CDI 4 IPCA 6 + 5% VISC11 Real Estate (listed REIT) 1,774.9 3.2% 1.8% 1.9% 9.3% IFIX 8 IPCA 6 + 6% VILG11 Real Estate (listed REIT) 1,421.8 - 2.1% - 5.7% - 5.3% - 9.4% IFIX 8 IPCA 6 + 6% VINO11 Real Estate (listed REIT) 725.4 - 9.9% - 18.7% - 17.5% - 8.8% IFIX 8 IPCA 6 + 6% VIFI11 Real Estate (listed REIT) 55.6 - 1.9% - 4.6% - 9.3% - 17.1% IFIX 8 IFIX 8 VIUR11 Real Estate (listed REIT) 191.3 0.5% - 2.7% - 12.6% - IFIX 8 IPCA 6 + 6% VIGT11 Infrastructure (listed) 595.5 - 4.7% - 6.4% - 4.0% - 22.7% - - VINCI FOF IMOBILIARIO FIM CP Real Estate (REIT) 11.0 2.0% 3.8% - - IFIX 8 IFIX 8 Benchmark 2Q22 YTD 12 M 24 M IBOV 5 - 18.1% - 6.0% - 22.3% 3.7% CDI 4 3.0% 5.4% 8.7% 11.1% IMA - B 5 7 2.7% 6.6% 10.1% 16.7% IPCA 6 + Yield IMA - B 7 4.2% 7.4% 16.0% 28.6% IPCA 6 2.3% 5.5% 11.9% 21.2% IFIX 8 0.6% - 0.3% 1.5% - 0.4%

32 Pro Forma Historical Portfolio Performance - Excluding PIPE Investments¹ Investment records – Closed End Private Markets funds Fund Segment Vintage year Committed Capital Invested Capital Realized or Unrealized Total Value Gross MOIC Gross MOIC Gross IRR Gross IRR Partially Realized (R$mm) (R$mm) (R$mm) (R$mm) (R$mm) (BRL) (USD) (BRL) (USD) Fund 1 Private Equity 2004 1,415 1,206 5,058 229 5,287 4.4x 4.0x 71.5% 77.2% VCP II Private Equity 2011 2,200 1,805 1,844 2,390 4,234 2.3x 1.2x 12.6% 2.8% VCP III Private Equity 2018 4,000 1,825 34 2,910 2,944 1.6x 1.6x 48.6% 42.0% VCP Strategy² Private Equity 7,615 4,835 6,936 5,529 12,465 2.6x 2.3x 64.8% 70.3% NE Empreendedor Private Equity 2003 36 13 26 – 26 2.1x 2.6x 22.0% 30.5% Nordeste III Private Equity 2017 240 134 75 139 214 1.6x 1.4x 20.7% 13.5% VIR IV Private Equity 2020 1,000 189 4 202 205 1.1x 1.2x 14.1% 37.5% VIR Strategy³ Private Equity 1,276 336 105 340 446 1.3x 1.2x 22.1% 27.8% FIP Transmissão 4 Infrastructure 2017 211 104 241 161 401 3.9x 3.0x 69.4% 53.5% VIAS 5 Infrastructure 2021 386 350 – 350 350 1.0x 1.1x NM NM VFDL 6 Real Estate 2021 422 83 – 103 103 1.2x 1.8x 44.5% 46.5%

33 Shareholder Dividends ($ in thousands) 1H21 3Q ' 21 4Q'21 1Q'22 2Q'22 Distributable Earnings (R$) 101,976 61,743 68,515 53,255 60,435 Distributable Earnings (US$)¹ 19,397 11,377 13,637 10,615 11,795 DE per Common Share (US$)² 0.34 0.20 0.24 0.19 0.21 Actual Dividend per Common Share³ 0.30 0.16 0.20 0.17 0.17 Record Date September 01,2021 December 01,2021 March 10, 2022 May 24, 2022 August 25, 2022 Payable Date September 16, 2021 December 16,2021 March 24, 2022 June 08, 2022 September 09,2022 ▪ Vinci Partners generated R$1.09 or US$0.21¹ of Distributable Earnings per common share for the second quarter of 2022. ▪ The company declared a quarterly dividend of US$0.17² per common share to record holders as of August 25, 2022; payable on Se pte mber 09 , 2022.

34 Share Summary ▪ Common Shares Outstanding as of quarter end of 55,578,956 shares. x Repurchased 250,306 common shares in the quarter, with an average share price of US$11.7. x Repurchased 1,334,632 common shares since the announcement of the first share repurchase plan, with an average share price of US $12.5. x The first share repurchase plan expired on May 31, 2022 and was replaced by a new share repurchase plan initiated on June 17 th , 2022, limited to R$60 million. x Available authorization remaining was R$56.4 million on June 30, 2022. VINP Shares 1Q ' 21 2Q ' 21 3Q ' 21 4Q'21 1Q'22 2Q'22 Class B 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 Class A – Partnership Units 27,175,861 27,175,861 27,175,861 27,175,861 27,175,861 27,175,861 Class A - Public Float 15,271,488 15,094,833 14,921,318 14,513,477 14,187,216 13,936,856 Common Shares 56,913,588 56,736,933 56,563,418 56,155,577 55,829,316 55,578,956

35 GP Commitment in Private Market funds ▪ As of June 30, 2022, the company had R$928.9 million in capital commitments signed to proprietary Private Markets funds. ▪ During the second quarter of 2022, the company signed R$ 537.4 million in capital commitments to proprietary Private Markets fun ds. ▪ Total GP Investments marked at fair value of R$278.9 million as of June 30, 2022. (R$ millions, unless mentioned) Segment 2Q’22 Commitments Total Capital Committed 2Q’22 Capital Called Total Capital Called Capital Returned/ Dividends Payed (2Q'22) Accumulated Capital Returned/Dividends Payed Fair value of investments Nordeste III Private Equity - 5.0 - 3.1 - 1.3 2.8 VCP III Private Equity - 3.1 0.4 2.1 - - 2.9 VIR IV Private Equity - 11.1 0.2 3.1 - 0.1 2.8 VCP IV Private Equity 350.0 350.0 - - - - - FIP Infra Transmissão (co - investment)¹ Infrastructure - 29.5 - 8.9 - 19.7 12.6 FIP Infra Transmissão¹ Infrastructure - 10.5 - 3.4 - 6.2 3.6 VIAS Infrastructure - 50.0 - 27.8 - - 27.0 Vinci Transporte e Logística II Infrastructure 15.0 15.0 - - - - - Vinci Transporte e Logística I Infrastructure 11.4 11.4 6.3 6.3 - - 6.3 VFDL Real Estate - 70.0 3.5 17.5 - - 20.3 VIUR Real Estate - 67.3 - 67.3 1.5 6.1 48.3 VINO Real Estate - 50.0 - 50.0 0.9 1.6 40.0 Vinci FOF Imobiliário Real Estate - 10.0 - 10.0 - - 7.0 VCRI (VCS) Credit - 80.0 - 80.0 2.5 2.5 79.1 Vinci Crédito Agro Imobiliário Credit 16.0 16.0 16.0 16.0 - - 16.3 Vinci Credit Infra Credit 100.0 100.0 - - - - - VSP FIM IP&S 45.0 50.0 2.2 2.2 - - 10.0 Total 537.4 928.9 28.6 297.6 4.9 37.5 278.9

Reconciliations and Disclosures

37 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY(%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%) REVENUES Net revenue from management fees 94,778 87,229 89,271 - 6% 176,621 176,500 0% Net revenue from performance fees 18,624 3,172 3,839 - 79% 28,575 7,011 - 75% Realized performance fees 9,559 2,536 3,839 - 60% 19,088 6,375 - 67% Unrealized performance fees 9,065 636 - N/A 9,487 636 - 93% Net revenue from advisory 6,378 3,674 6,659 4% 21,444 10,333 - 52% Total net revenues from services rendered 119,780 94,075 99,769 - 17% 226,640 193,844 - 14% EXPENSES Bonus related to management and advisory¹ (17,082) (17,272) (17,267) 1% (35,608) (34,539) - 3% Performance based compensation² (7,817) (1,032) (1,427) - 82% (11,109) (2,459) - 78% Realized (4,837) (807) (1,427) - 71% (7,979) (2,234) - 72% Unrealized (2,980) (225) - N/A (3,130) (225) - 93% Total compensation and benefits (24,899) (18,303) (18,694) - 25% (46,717) (36,998) - 21% Segment personnel expenses (5,528) (6,549) (6,233) 13% (10,625) (12,782) 20% Other general and administrative expenses (4,058) (4,503) (4,178) 3% (7,632) (8,681) 14% Corporate center expenses (19,296) (18,761) (21,350) 11% (38,808) (40,111) 3% Total expenses (53,781) (48,116) (50,455) - 6% (103,783) (98,571) - 5% Operating profit 65,999 45,959 49,314 - 25% 122,857 95,273 - 22% OTHER ITEMS GP Investment income (5,206) (4,169) (7,211) 39% (4,045) (11,380) 181% Realized gain from GP investment income 345 2,045 4,926 1,328% 457 6,971 1,425% Unrealized gain from GP investment income (5,551) (6,214) (12,137) 119% (4,502) (18,351) 308% Financial income 14,152 24,708 21,193 50% 18,649 45,901 146% Realized gain from financial income 14,239 24,996 20,001 40% 18,883 44,997 138% Unrealized gain from financial income (87) (288) 1,192 N/A (234) 904 N/A Leasing expenses (3,106) (2,472) (2,400) - 23% (6,263) (4,872) - 22% Other items (2,120) (1,136) 644 N/A (1,234) (492) - 60% Share Based Plan (1,642) (736) (2,468) 50% (1,642) (3,204) 95% Non - recurring expenses³ – (5,109) (962) N/A - (6,071) N/A Total Other Items 2,078 11,086 8,796 323% 5,465 19,882 264% Profit before income taxes 4 68,077 57,045 58,109 - 15% 128,322 115,154 - 10% ( - ) Income taxes 5 (14,671) (11,739) (11,711) - 20% (27,903) (23,450) - 16% NET INCOME 53,406 45,306 46,398 - 13% 100,419 91,704 - 9% (+) Non - recurring expenses including income tax related to realized expense - 4,437 635 N/A - 5,072 N/A ADJUSTED NET INCOME 53,406 49,742 47,034 - 12% 100,419 96,776 - 4% Financials - Income Statement (Unaudited) See notes and definitions at end of document

38 (R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 2Q'21 YTD 2Q'22 YTD OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273 ( - ) Net revenue from realized performance fees (9,559) (2,536) (3,839) (19,088) (6,375) ( - ) Net revenue from unrealized performance fees (9,065) (636) – (9,487) (636) (+) Compensation allocated in relation to performance fees¹ 7,817 1,032 1,427 11,109 2,459 FEE RELATED EARNINGS (FRE) 55,192 43,818 46,902 105,391 90,720 OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273 ( - ) Net revenue from management fees (94,778) (87,229) (89,271) (176,621) (176,500) ( - ) Net revenue from advisory (6,378) (3,674) (6,659) (21,444) (10,333) (+) Bonus related to management and advisory² 17,082 17,272 17,267 35,608 34,539 (+) Personnel expenses 5,528 6,549 6,233 10,625 12,782 (+) Other general and administrative expenses 4,058 4,503 4,178 7,632 8,681 (+) Corporate center expenses 19,296 18,761 21,350 38,808 40,111 PERFORMANCE RELATED EARNINGS (PRE) 10,807 2,140 2,412 17,466 4,552 OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273 ( - ) Net revenue from unrealized performance fees (9,065) (636) – (9,487) (636) (+) Compensation allocated in relation to unrealized performance fees 2,980 225 – 3,130 225 (+) Realized gain from GP investment income 345 2,045 4,926 457 6,971 SEGMENT DISTRIBUTABLE EARNINGS 60,259 47,593 54,240 116,958 101,833 NET INCOME 53,406 45,306 46,398 100,419 91,704 ( - ) Net revenue from unrealized performance fees (9,065) (636) – (9,487) (636) (+) Income tax from unrealized performance fees 124 73 – 173 73 (+) Compensation allocated in relation to unrealized performance fees 2,980 225 – 3,130 225 ( - ) Unrealized gain from GP investment income 5,551 6,214 12,137 4,502 18,351 (+) Income tax on unrealized gain from GP investment income (838) – (55) (422) (55) ( - ) Unrealized gain from financial income 87 288 (1,192) 234 (904) (+) Income tax on unrealized gain from financial income (32) 65 (65) (80) – (+) Depreciation and amortization 926 984 976 1,865 1,960 (+) Share Based Plan 1,642 736 2,468 1,642 3,204 ( - ) Income Taxes on Share Based Plan – – (233) – (233) (+) Non - recurring expenses including income tax related to realized expense – 4,437 635 – 5,072 ADJUSTED DISTRIBUTABLE EARNINGS 54,781 57,692 61,070 101,976 118,762 TOTAL NET REVENUE FROM SERVICES RENDERED 119,780 94,075 99,769 226,640 193,844 ( - ) Net revenue from realized performance fees (9,559) (2,536) (3,839) (19,088) (6,375) ( - ) Net revenue from unrealized performance fees (9,065) (636) – (9,487) (636) NET REVENUE FROM MANAGEMENT FEES AND ADVISORY 101,156 90,903 95,930 198,065 186,833 Financials - Non - GAAP Reconciliation See notes and definitions at end of document

39 Effective tax rate reconciliation See notes and definitions at end of document (R$ thousands, unless mentioned) 2Q'21 2Q'22 2Q’21 YTD 2Q’22 YTD Profit (loss) before income taxes, not - including Dividends to partners 68,077 58,109 128,322 115,154 Combined statutory income taxes rate - % 34% 34% 34% 34% Income tax benefit (Expense) at statutory rates (23,146) (19,757) (43,629) (39,152) Reconciliation adjustments: Expenses not deductible (4) (9) (56) (27) Tax benefits 33 30 47 65 Share based payments (166) (70) (166) (156) Effect of presumed profit of subsidiaries¹ 8,739 7,951 15,831 15,665 Other additions (exclusions), net (127) 144 70 155 Income taxes expenses (14,671) (11,711) (27,903) (23,450) Current (16,704) (12,886) (30,900) (25,557) Deferred 2,033 1,175 2,997 2,107 Effective tax rate 22% 20% 22% 20%

40 13.7 17.1 7.8 8.9 0.9 2.4 3.0 General and Administrative Expenses 2Q 2021 (R$mm) 2Q 2022 (R$mm) Lease and condominium Other Personnel Bonus related to Mgmt. and Adv. fees Performance based compensation Third party expenses D&A R$53.8 mm Personnel Bonus related to Mgmt. and Adv. fees Performance based compensation Third party expenses D&A Lease and condominium Other R$50.5 mm - 6% 16.0 17.3 1.4 8.9 1.0 2.7 3.1

41 Balance Sheet Assets 3/31/2022 6/30/2022 Current assets Cash and cash equivalents 38,516 57,780 Cash and bank deposits 9,109 10,532 Financial instruments at fair value through profit or loss 29,407 47,248 Financial instruments at fair value through profit or loss 1,324,292 1,290,972 Trade receivables 41,453 45,324 Sub - leases receivable 1,500 1,500 Taxes recoverable 3,214 4,541 Other assets 7,136 10,689 Total current assets 1,416,111 1,410,806 Non - current assets Financial instruments at fair value through profit or loss 9,235 5,701 Trade receivables 20,042 20,042 Sub - leases receivable 2,256 1,960 Taxes recoverable 61 62 Deferred taxes 6,057 6,226 Other receivables 1,851 1,543 39,502 35,534 Property and equipment 13,591 13,087 Right of use - Leases 63,159 60,632 Intangible assets 1,156 1,600 Total non - current assets 117,408 110,853 Total Assets 1,533,519 1,521,659 Liabilities and equity 3/31/2022 6/30/2022 Current liabilities Trade payables 366 313 Deferred Revenue 17,504 – Leases 22,755 23,218 Accounts payable 6,909 6,941 Labor and social security obligations 25,023 44,038 Taxes and contributions payable 14,838 17,990 Total current liabilities 87,395 92,500 Non - current liabilities Accounts payable – – Leases 59,581 55,724 Labor and social security obligations – 274 Deferred taxes 5,209 4,203 64,790 60,201 Total liabilities 152,185 152,701 Equity Share capital 15 15 Additional paid - in capital 1,382,038 1,382,038 Treasury shares (73,815) (88,425) Retained Earnings 59,315 58,227 Other reserves 13,747 17,067 1,381,300 1,368,922 Non - controlling interests in the equity of subsidiaries 34 36 Total equity 1,381,334 1,368,958 Total liabilities and equity 1,533,519 1,521,659

42 Notes and Definitions ▪ Notes to page 5 (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. (2) Adjusted Distributable Earnings is calculated as Distributable Earnings excluding non - recurring expenses. (3) LTM Dividend Yield is calculated considering 0.70 dividend/share for LTM and US$11.07/share as of August 10 th ,2022. ▪ Notes to page 7 (1) Bonus compensation related to management and advisory includes Dividends to Partners related to management and advisory, dis tributed by the company to its original partners before the company turned public in 2021. (2) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. (3) Performance based compensation includes Dividends to Partners related to performance fees, distributed by the company to its original partners before the company turned public in 2021. (4) DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date valu es are calculated as the sum of the last two quarters. (5) Non - recurring expenses for the second quarter of 2022 are composed by expenses related to professional services to matters r elated to M&A. For the six months ended June 30, 2022, non - recurring expenses include expenses related to professional services to matters related to our international corporate organi zat ion. ▪ Notes to page 10 (1) Long - term AUM includes funds with lockups for at least five years to quasi - perpetual capital commitments. ▪ Notes to page 12 (1) Long term products include funds with former lockups superior to five years. (2) Private markets strategies include Private Equity, Real Estate, Credit and Infrastructure. ▪ Notes to page 13 (1) Accrued performance fees for the VCP offshore are as of 1Q’22. This occurs due to the 60 days timeline of the quarterly m ark up to be disclosed by the fund’s administrator. ▪ Notes to page 14 (1) International mandates have several different benchmarks across its vehicles. (2) 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.

43 Notes and Definitions (cont’d.) (3) Hurdle Rate is the minimum return the fund must achieve before it can charge performance fees. In most cases, funds with hur dle rate also are under a high - water mark clause . (4) Funds with preferred return must return 100% of invested capital corrected by the preferred return rate to its limited pa rtn ers in order to charge performance fees. (5) IPCA is a broad consumer price index measured by the IBGE. (6) IMAB 5 is composed by government bonds indexed to IPCA with up to 5 years in duration. (7) IBOV is the Brazilian stock market's most relevant index; (8) FTSE is London's stock market most relevant index. (9) IFIX is an index composed by listed REITs in the Brazilian stock exchange. (10) The CDI rate is a result of the average interbank overnight rates in Brazil (daily average for the period). (11) IMAB is composed by government bonds indexed to IPCA(inflation rate) plus a fixed interest rate. ▪ Notes to page 17 (1) FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. ▪ Notes to page 18 (1) PRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date val ues are calculated as the sum of the last two quarters. ▪ Notes to page 19 (1) GP investment income comes from proprietary investments made by Vinci Partners in its own Private Markets’ funds. (2) Financial income is income generated through investments made with our cash and cash equivalents in cash and bank deposit s, certificate of deposits and proprietary investments in Vinci Partners’ Liquid Funds, including funds from Public Equities, Hedge Funds, Real Estate and Credit. ▪ Notes to page 20 (1) Adjusted Distributable Earnings is calculated as Distributable Earnings excluding extraordinary expenses. (2) DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Year - to - date valu es are calculated as the sum of the last two quarters.

44 Notes and Definitions (cont’d.) ▪ Notes to page 21 (1) Cash and cash equivalents include certificate of deposits and federal bonds. Certificate of deposits are issued by Banco Bra desco (credit rating AAA evaluated by Fitch Ratings) with interest rates variable from 99.5% to 101% of CDI (interbank deposit rate). The certificates are readily convertible to known amounts of cas h a nd which are subject to an insignificant risk of changes in value. (2) Liquid funds’ value are calculated as investment at fair value as of June 30, 2022, in liquid funds from Vinci Partners’ pub lic equities, hedge funds, credit segments and listed REITs. It also comprises the cash and certificate of deposits and federal bonds from Vinci Monalisa FIM. For more detail, see 2Q’22 Financia l S tatements filed within the SEC on August 11, 2022. (3) GP Fund Investments include Vinci Partners’ GP investments in private market funds, calculated at fair value as of June 3 0, 2022. For more detail, please see slide 35 and the Financial Statements filed within the SEC on August 11, 2022. (4) Cash and Net Investments per share were calculated considering the number of outstanding shares at the end of each quarte r. ▪ Notes to page 31 (1) NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund. (2) Atlas strategy includes the funds Atlas FIC FIM and Atlas Institucional FIC FIM. (3) Equilibrio Strategy incudes the IP&S Family of pension plans. (4) CDI is an average of interbank overnight rates in Brazil(daily average for the period). (5) Brazil stock market most relevant index. (6) IPCA is a broad consumer price index measured by the IBGE. (7) IMAB is composed by government bonds indexed to IPCA. IMAB 5 also includes government bonds indexed to IPCA with up to 5 Yea rs in duration. (8) IFIX is an index composed by listed REITs in the brazilian stock Market. ▪ Notes to page 32 (1) Track record information is presented throughout this presentation on a pro forma basis and in local currency, excluding PIP E investments, a strategy that will be discontinued in VCP III. (2) Total commitments for VCP III include R$1.3 billion in co - investments. Track record presented for the VCP strategy as of 1Q’ 22, due to fund’s administrator timeline to disclose the quarterly markup of the fund. (3) Track record for VIR strategy is presented as of 1Q’22, due to fund’s administrator timeline to disclose the quarterly ma rku p of the fund. (4) Track record for FIP Infra is presented as of 2Q’22. (5) Track record for VIAS is presented as of 2Q’22. (6) Track record for VFDL is presented as of 2Q’22.

45 Notes and Definitions (cont’d.) ▪ Notes to page 33 (1) US$ Distributable Earnings was calculated considering the exchange rate from USD to BRL of 5.1239, as of August 9, 2022, whe n 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. ▪ Notes to page 35 (1) The remaining capital committed in FIP Infra Transmissão and FIP Infra Transmissão co - investment will not be called by the fund, which is already in divestment period. ▪ Notes to page 37 (1) Bonus compensation related to management and advisory includes Dividends to Partners related to management and advisory, dis tributed by the company to its original partners before the company turned public in 2021. (2) Performance based compensation includes Dividends to Partners related to performance fees, distributed by the company to its original partners before the company turned public in 2021. (3) Non - recurring expenses for the second quarter of 2022 are composed by expenses related to professional services to matters r elated to M&A. For the six months ended June 30, 2022, non - recurring expenses include expenses related to professional services to matters related to our international corporate organi zat ion. (4) Profit before income taxes includes Dividends to partners related to management, advisory and performance fees, distribut ed by the company to its original partners before the company turned public in 2021. (5) 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 our subsidiaries are taxed based on deemed profit. Dividends to partners distributed by the company to its original partners before turned public in 202 1 a re not included in actual taxable regime. ▪ Notes to page 38 (1) Performance based compensation includes Dividends to Partners related to performance fees, distributed by the company to its original partners before the company turned public in 2021. (2) Bonus compensation related to management and advisory includes Dividends to Partners related to management and advisory, dis tributed by the company to its original partners before the company turned public in 2021. ▪ Notes to page 39 (1) Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000 in the prior fiscal year may ca lculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Entity's subsidiaries adopted this tax regime and the effect of the presumed profit of su bsidiaries represents the difference between the taxation based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.

46 Notes and Definitions (cont’d.) ▪ “Fee related earnings”, or “FRE”, is a metric to monitor the baseline performance of, and trends in, our business, in a manne r t hat does not include performance fees or investment income. We calculate FRE as operating profit less (a) net revenue from realized performance fees, less (b) net revenue from unrealized p erf ormance fees, plus (c) compensation allocated in relation to performance fees. ▪ “FRE Margin” is calculated as FRE over total net management and advisory fees. ▪ “Distributable Earnings”, or “DE”, is used as a reference point by our board of directors for determining the amount of earni ngs available to distribute to shareholders as dividends. Distributable Earnings is calculated as profit for the year, less (a) net revenue from unrealized performance fees, plus (b) inc ome taxes from unrealized performance fees, plus (c) compensation allocated in relation to unrealized performance fees, less (d) unrealized gain from GP investment income, less (e) unrealized ga in from financial income, plus (f) income taxes on unrealized gain from GP investment income, plus (g) income taxes on unrealized gain from financial income. ▪ “DE Margin” is calculated as DE over the sum of management and advisory fee related revenues, realized performance revenue, r eal ized GP investment income and realized financial income, net of revenue tax. ▪ “Performance Related Earnings”, or “PRE”, is a performance measure that we use to assess our ability to generate profits from re venue that relies on outcome from funds above their respective benchmarks. We calculate PRE as operating profit, less (a) net revenue from fund management and advisory, less (b) operating exp enses, such as segment personnel, G&A, corporate center and bonus related to management and advisory. ▪ “Segment Distributable Earnings” is Vinci Partners’ segment profitability measure used to make operating decisions and assess pe rformance across the company’s four segments (Private Markets, Liquid Strategies, Investment Products and Solutions and Financial Advisory). Segment Distributable Earnings is calc ula ted 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 inv estment income. ▪ “AUM” refers to assets under management. Our assets under management equal the sum of: (1) the fair market value of the inves tme nts held by funds plus the capital that we are entitled to call from investors in those funds pursuant to the terms of their capital commitments to those funds (plus the fair market va lue 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); (2) the net asset valu e o f our public equity funds, hedge funds and closed - end mutual funds; and (3) the amount of capital raised for our credit funds. AUM includes double counting related to funds from one segm ent 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 inv est 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. T he 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 anoth er 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 re ven ues 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 Inve stm ents. 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 10 1% of CDI.

47 Notes and Definitions (cont’d.) ▪ “Net revenue from Fund Management and Advisory” is a performance measure that we use to assess our ability to generate profit s f rom our fund management and advisory business without measuring for the outcomes from funds above their respective benchmarks. We calculate Net Revenue from Fund Management and Ad vis ory 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 advisory and (b) performance - based compensation. Total compensation and benefits include Dividends to Partners, distributed by the company to its original partn ers before the public turned public in 2021. In accordance with the by - laws of Vinci Brazil, dividends have historically been distributed based on the resolution of the partners. Therefore, di vidends could be distributed on a non - proportional basis among quota holders, which are comprised by the partners of Vinci Brazil. After the company’s IPO, Vinci Partners changed its compe nsa tion structure, from a dividend distribution policy to a profit - sharing scheme our partners. ▪ “Segment personnel expenses” are composed of the salary - part compensation paid to employees and partners of our funds’ managemen t teams. ▪ “Corporate center expenses” are composed by the salary - compensation paid to employees and other general and administrative expen ses 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 repres entation, marketing expenses, administrative fees, non - operating taxes, third - party consultants’ fees, such as legal and accounting, and office consumables. ▪ “GP investment income” is income from proprietary investments made by us in our own Private Markets’ funds, used as GP Commit men ts. ▪ “Financial income” is income generated through the investments made with our cash and cash equivalents in cash and bank depos its , certificate of deposits and proprietary investments in our Liquid Funds from our public equities and hedge funds’ segments and listed REITs from our real estate segment. ▪ “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 tax abl e profit regime, while our subsidiaries are taxed based on deemed profit. Dividends to partners distributed by the company to its original partners before turned public in 2021 are not in cluded in actual taxable regime. ▪ “Capital Subscription / (capital return)” represents the net capital commitments and capital returns from our Private Markets ’ c losed end and listed funds. ▪ “Net Inflows / (outflows)” represent the net inflows and outflows from our liquid funds from our liquid strategies, IP&S and cre dit segments. ▪ “Appreciation / (depreciation)” represents the net capital appreciation/depreciation from our funds, which refers to the incr eas e 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 ca lcu lated 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 ze ro in a discounted cash flow analysis.

48 Funds/strategies’ descriptions ▪ Vinci Multiestratégia : The fund seeks to achieve long - term returns by investing in fixed income assets, through strategies that imply interest rates and currency risks. ▪ Vinci Atlas: The fund seeks to achieve long - term returns by investing across all strategies within fixed income, equities, curre ncy, derivatives, commodities and other investment funds with no obligation of any class concentration. ▪ Vinci Mosaico FIA: Public Equities’ long only flagship strategy. The strategy seeks to achieve long - term returns above Brazilian equities mar ket ( Ibovespa ) based on a fundamental analysis. ▪ Vinci Gas Dividendos : Public Equities’ dividends flagship strategy. The strategy seeks to achieve long - term returns by investing in companies with a consistent history of paying dividends in the Brazilian stock market. ▪ Vinci Total Return: The fund seeks to achieve medium and long - term returns by investing most of its capital in the Brazilian sto ck market, through bottom up and top - down strategies. ▪ Vinci Valorem: IP&S flagship commingled fund with exposure to fixed income assets, foreign exchange currency and derivatives. ▪ Equilibrio Strategy: IP&S family of pension plan funds. The strategy seeks to achieve long - term returns by investing across all strategies within fixed income, equities, currency, derivatives, commodities and other investment funds, respecting limitations in regulation. ▪ Vinci Selection Equities: The fund seeks to beat the Brazilian stock market index by investing in other funds that invest in Bra zilian public equities. ▪ Vinci Crédito Imobiliário I: The fund seeks to achieve long - term returns by investing in real estate mortgage - backed credit security bonds. ▪ Vinci Crédito Estruturado Multiestratégia PLUS FIC FIM: The fund seeks to achieve consistent returns by investing in private structured credit bonds. ▪ VISC11: Shopping malls listed REIT, focused on acquiring income - generating shopping malls in Brazil. ▪ VILG11: Industrial listed REIT focused on acquiring mature income - generating industrial properties in Brazil. ▪ VINO11: Listed REIT focused on acquiring mature income - generating boutique office real estate assets in Brazil. ▪ VIF11: Listed REIT that invests in other listed REITs and real estate mortgage - backed credit security bonds. ▪ VIUR11: perpetual capital listed REIT, focused on income generation to its quota holders through the acquisition of urban com mer cial properties in Brazil, such as street retail, grocery, healthcare, and educational focused real estate properties. ▪ VCRI: Listed REIT that aims to invest in MBS, while also being able to invest in listed REITs with similar investment strateg ies .

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 780 Third Avenue, 25 th Floor - 10017

Exhibit 99.2

Vinci Partners Reports Second Quarter 2022 Results

Alessandro Horta, Chief Executive Officer, stated, “Vinci Partners reported solid results for the second quarter 2022. Adjusted Distributable Earnings^i^ totaled R$61.1 million, or R$1.10 per common share, up 11% year-over-year. Since our IPO, Vinci has distributed US$1.00 per common share to shareholders as dividends, proving our resilience and ability to generate significant amounts of cash flow even in the most challenging macro scenarios. We continue to grow and expand our platform organically, ending the second quarter with R$60 billion in assets under management, and through strategic acquisitions, representing a R$62 billion Proforma AUM considering our recently announced transaction with SPS Capital.”

Dividend

Vinci Partners has declared a quarterly dividend of US$0.17 per share to record holders of common stock at the close of business on August 25, 2022. This dividend will be paid on September 9, 2022.

Second quarter 2022 Highlights

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About Vinci Partners

Vinci Partners is a leading alternative investment platform in Brazil, established in 2009.

Vinci Partners’ business segments include Private Markets (Private Equity, Real Estate, Infrastructure and Credit), Liquid Strategies (Public Equities and Hedge Funds), Investment products and Solutions, and Financial Advisory. As of June 30, 2022, the firm had R$60 billion of assets under management.

Webcast and Earnings Conference Call

Vinci Partners will host a conference call at 5:00pm EST on Thursday, August 11, 2022, to announce its second quarter 2022 results.

To access the webcast please visit the Events & Presentations’ section of the Company's website at:

https://ir.vincipartners.com/news-and-events/events-and-presentations.

For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.

To access the conference call through dial in, please register at 2Q22 VINP Earnings Dial In to obtain the conference number and access code.

Investor Contact

[email protected]

NY: +1 (646) 559-8040

RJ: +55 (21) 2159-6240

USA Media Contact

Joele Frank, Wilkinson Brimmer Katcher

Nick Lamplough / Kate Thompson / Katie Villany

+1 (212) 355-4449

Brazil Media Contact

Danthi Comunicações

Carla Azevedo ([email protected])

+55 (21) 3114-0779

Segment Earnings

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY(%) 2Q'21 YTD 2Q'22 YTD ∆ YoY(%)
Net revenue from management fees 94,778 87,229 89,271 -6% 176,621 176,500 0%
Net revenue from advisory fees 6,378 3,674 6,659 4% 21,444 10,333 -52%
Total Fee Related Revenues 101,156 90,903 95,930 -5% 198,065 186,833 -6%
Segment personnel expenses (5,528) (6,549) (6,233) 13% (10,625) (12,782) 20%
Other G&A expenses (4,058) (4,503) (4,178) 3% (7,632) (8,681) 14%
Corporate center expenses (19,296) (18,761) (21,350) 11% (38,808) (40,111) 3%
Bonus compensation related to management and advisory (17,082) (17,272) (17,267) 1% (35,608) (34,539) -3%
Total Fee Related Expenses (45,964) (47,085) (49,028) 7% (92,674) (96,113) 4%
FEE RELATED EARNINGS (FRE)^ii^ 55,192 43,818 46,902 -15% 105,391 90,720 -14%
FRE Margin (%) 54.6% 48.2% 48.9% 53.2% 48.6%
FRE per share*^iii^** (R$/share)* 0.97 0.78 0.84 1.85 1.63
Net revenue from performance fees 18,624 3,172 3,839 -79% 28,575 7,011 -75%
Performance based compensation (7,817) (1,032) (1,427) -82% (11,109) (2,459) -78%
PERFORMANCE RELATED EARNINGS (PRE) 10,807 2,140 2,412 -78% 17,466 4,552 -74%
PRE Margin (%) 58.0% 67.5% 62.8% 61.1% 64.9%
(-) Unrealized performance fees (9,065) (636) N/A (9,487) (636) -93%
(+) Unrealized performance compensation 2,980 225 N/A 3,130 225 -93%
(+) Realized GP investment income 345 2,045 4,926 1,328% 457 6,971 1,425%
SEGMENT DISTRIBUTABLE EARNINGS 60,259 47,593 54,240 -10% 116,958 101,833 -13%
Segment DE Margin (%) 54.3% 49.8% 51.8% 1 1
(+) Depreciation and amortization 926 984 976 5% 1,865 1,960 5%
(+) Realized financial income 14,239 24,996 20,001 40% 18,883 44,997 138%
(-) Leasing expenses (3,106) (2,472) (2,400) -23% (6,263) (4,872) -22%
(-) Other items (2,120) (1,136) 644 N/A (1,234) (492) -60%
(-) Non-recurring expenses (5,109) (962) (6,071)
(-) Income taxes (excluding related to unrealized fees and income) (15,417) (11,601) (12,064) -22% (28,232) (23,665) -16%
DISTRIBUTABLE EARNINGS (DE)^iv^ 54,781 53,255 60,435 10% 101,976 113,690 11%
DE Margin (%) 43.7% 44.2% 48.5% 43.1% 46.4%
DE per share (R$/share)^v^ 0.97 0.95 1.09 1.79 2.04
(+) Non-recurring expenses^vi^ including income tax related to realized expense 4,437 635 N/A 5,072 N/A
ADJUSTED DISTRIBUTABLE EARNINGS 54,781 57,692 61,070 11% 101,976 118,762 16%
Adjusted DE Margin (%) 43.7% 47.9% 49.0% 43.1% 48.4%
Adjusted DE per share (R$/share) 0.97 1.03 1.10 1.79 2.13

Total Fee-Related Revenues^vii^ of R$95.9 million for the quarter ended June 30, 2022, compared to R$101.2 million for the quarter ended June 30, 2021, a decrease of 5% year-over year, primarily due to our successful capital return in FIP Energia PCH, which occurred in the first quarter of 2022, and the mark-to-market impact in liquid funds following strong corrections in the local markets during the quarter. Fee related revenues were up 6% quarter-over-quarter, a result of higher advisory fees and the fundraising across Private Market strategies at the end of the quarter. Fee-related revenues were R$186.8 million for the six months ended June 30, 2022, down 6% year-over-year, when compared to the six months ended June 30, 2021, due to a greater contribution from advisory fees in the 1Q’21, driven by the pre-IPO advisory for B3 listed company Espaço Laser.

Fee Related Earnings (“FRE”) of R$46.9 million (R$0.84/share) for the quarter ended June 30, 2022, compared to R$55.2 million for the quarter ended June 30, 2021, a decrease of 15% year-over-year, following the capital return of R$1.1 billion for FIP Energia PCH in 1Q’22, combined with the mark-to-market effect in our liquid strategies' AUM with the strong correction in local markets over the quarter. FRE quarter-over-quarter was up 7% quarter-over-quarter, following strong fundraising across Private market and IP&S strategies and a stronger contribution from advisory fees. FRE was R$90.7 million for the six months ended June 30, 2022, down 14% year-over-year, when compared to the six months

ended June 30, 2021, driven by substantially higher advisory fees in the first half of 2021.

FRE Margin^viii^ was 48.9% for the quarter ended June 30, 2022, a decrease of 5.7 percentage points when compared to the quarter ended June 30, 2021, impacted partially by higher fixed costs following the rise in inflation rates over the last twelve months combined with the reduction in management fees as a consequence of capital returns and mark-to-market effect. On a comparable basis, 2Q’22 FRE margin disregarding our recently announced VRS segment, would be 50.7%.

Performance Related Earnings (“PRE”)^ix^ of R$2.4 million for the quarter ended June 30, 2022, compared to R$10.8 million for the quarter ended June 30, 2021, a decrease of 78% year-over-year. PRE was R$4.6 million for the six months ended June 30, 2022, down 74% year-over-year, when compared to the six months ended June 30, 2021. In the 2Q'21 the platform was positively impacted by an extraordinary performance coming from international exclusive mandates in IP&S, that although unrealized, impacted PRE results. Liquid strategies' funds haven't been able to charge significant levels of performance fees during 2022, mostly due to their high-watermark clause and the strong correction in local markets during the period.

Segment Distributable Earnings^x^ of R$54.2 million for the quarter ended June 30, 2022, compared to R$60.3 million for the quarter ended June 30, 2021, a decrease of 10% year-over-year. Segment Distributable Earnings were R$101.8 million for the six months ended June 30, 2022, down 13% year-over-year, when compared to the six months ended June 30, 2021.

Adjusted Distributable Earnings (“DE”) of R$61.1 million (R$1.10/share) for the quarter ended June 30, 2022, compared to R$54.8 million for the quarter ended June 30, 2021, an increase of 11% year-over-year, boosted by a greater contribution from financial income. Adjusted DE was R$118.8 million for the six months ended June 30, 2022, up 16% year-over-year, when compared to the six months ended June 30, 2021.

Adjusted DE Margin^xi^ was 49.0% for the quarter ended June 30, 2022, a 5.3 percentage point increase compared to 43.7% for the quarter ended June 30, 2021. For the six months ended June, 2022, Adjusted DE Margin reached 48.4%, an increase of 5.3 percentage points year-over-year.

Segment Highlights

Private Market Strategies

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
Net revenue from management fees 49,407 46,759 47,654 -4% 95,988 94,413 -2%
Net revenue from advisory fees 2,641 467 275 -90% 3,146 741 -76%
Total Fee Related Revenues 52,048 47,226 47,929 -8% 99,134 95,154 -4%
Segment personnel expenses (2,722) (2,736) (2,923) 7% (5,160) (5,659) 10%
Other G&A expenses (2,907) (2,755) (2,411) -17% (5,232) (5,166) -1%
Corporate center expenses (9,792) (9,554) (10,827) 11% (20,376) (20,381) 0%
Bonus compensation related to management and advisory (7,568) (7,307) (7,426) -2% (15,299) (14,733) -4%
Total Fee Related Expenses (22,989) (22,352) (23,587) 3% (46,067) (45,939) 0%
FEE RELATED EARNINGS (FRE) 29,059 24,874 24,342 -16% 53,067 49,215 -7%
FRE Margin (%) 55.8% 52.7% 50.8% 53.5% 51.7%
Net revenue from performance fees 1,792 640 1,719 -4% 2,254 2,359 5%
Realized performance fees 715 4 1,719 140% 755 1,723 128%
Unrealized performance fees 1,077 636 N/A 1,499 636 -58%
Performance based compensation (570) (226) (609) 7% (731) (835) 14%
PERFORMANCE RELATED EARNINGS (PRE) 1,222 414 1,110 -9% 1,523 1,524 0%
PRE Margin (%) 68.2% 64.7% 64.6% 67.6% 64.6%
(-) Unrealized performance fees (1,077) (636) N/A (1,499) (636) -58%
(+) Unrealized performance compensation 382 225 N/A 532 225 -58%
(+) Realized GP investment income 345 2,045 4,926 1328% 457 6,971 1425%
SEGMENT DISTRIBUTABLE EARNINGS 29,931 26,922 30,377 1% 54,079 57,299 6%
Segment DE Margin (%) 56.4% 54.6% 55.7% 53.9% 55.2%
ASSETS UNDER MANAGEMENT (AUM R$ millions) 20,762 21,041 23,998 16% 20,762 23,998 16%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 18,873 19,192 20,722 10% 18,873 20,722 10%
AVERAGE MANAGEMENT FEE RATE (%) 0.99% 0.92% 0.90% 0.98% 0.91%
FULL TIME EMPLOYEES 50 50 46 -8% 50 46 -8%

Fee related earnings (FRE) of R$24.3 million for the quarter ended June 30, 2022, a decrease of 16% year-over-year, driven by a combination of FIP Energia's capital return in the first quarter of 2022 and a one-off advisory fee contribution in Real Estate during the 2Q'21. FRE was R$49.2 million over the six months ended June 30, 2022, down 7% when compared to the six months ended June 30, 2021.

Segment Distributable Earnings of R$30.4 million for the quarter ended June 30, 2022, up 1% year-over-year. Segment DE was R$57.3 million over the six months ended June 30, 2022, up 6% when compared to the six months ended June 30, 2021, boosted by a higher contribution from GP investment income.

AUM of R$24.0 billion at the end of the 2Q’22, an increase of 16% year-over-year, driven by strong fundraising across Private Equity and Credit strategies. These fundraisings occurred in the latter part of the quarter and will start to impact management fee revenues from the third quarter onwards.

Liquid Strategies

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
Net revenue from management fees 23,020 20,573 20,210 -12% 43,003 40,783 -5%
Net revenue from advisory fees N/A N/A
Total Fee Related Revenues 23,020 20,573 20,210 -12% 43,003 40,783 -5%
Segment personnel expenses (1,387) (1,384) (1,394) 1% (2,680) (2,778) 4%
Other G&A expenses (681) (676) (780) 15% (1,305) (1,456) 12%
Corporate center expenses (4,196) (4,203) (4,592) 9% (8,689) (8,795) 1%
Bonus compensation related to management and advisory (3,893) (3,948) (3,922) 1% (7,312) (7,871) 8%
Total Fee Related Expenses (10,157) (10,212) (10,688) 5% (19,986) (20,900) 5%
FEE RELATED EARNINGS (FRE) 12,863 10,361 9,522 -26% 23,017 19,883 -14%
FRE Margin (%) 55.9% 50.4% 47.1% 53.5% 48.8%
Net revenue from performance fees 6,451 2,325 1,300 -80% 8,460 3,625 -57%
Realized performance fees 6,451 2,325 1,300 -80% 8,460 3,625 -57%
Unrealized performance fees N/A N/A
Performance based compensation (4,015) (722) (459) -89% (4,718) (1,181) -75%
PERFORMANCE RELATED EARNINGS (PRE) 2,436 1,603 841 -65% 3,742 2,444 -35%
PRE Margin (%) 37.8% 68.9% 64.7% 44.2% 67.4%
(-) Unrealized performance fees N/A N/A
(+) Unrealized performance compensation N/A N/A
SEGMENT DISTRIBUTABLE EARNINGS 15,299 11,963 10,363 -32% 26,759 22,327 -17%
Segment DE Margin (%) 51.9% 52.2% 48.2% 52.0% 50.3%
ASSETS UNDER MANAGEMENT (AUM R$ millions) 14,124 12,243 9,845 -30% 14,124 9,845 -30%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 13,965 12,104 9,708 -30% 13,965 9,708 -30%
AVERAGE MANAGEMENT FEE RATE (%) 0.73% 0.74% 0.78% 0.70% 0.76%
FULL TIME EMPLOYEES 24 21 22 -8% 24 22 -8%

Fee related earnings (FRE) of R$9.5 million for the quarter ended June 30, 2022, down 26% year-over-year. FRE was R$19.9 million over the six months ended June 30, 2022, a decrease of 14% when compared to the six months ended June 30, 2021, driven by the mark-to-market effect in liquid strategies' AUM during the second quarter, impacting management fee revenues.

Performance related earnings (PRE) of R$0.8 million for the quarter ended June 30, 2022, down 65% year-over-year. PRE was R$2.4 million over the six months ended June 30, 2022, a decrease of 35% when compared to the six months ended June 30, 2021. Liquid strategies' funds haven't been able to charge performance fees, mostly due to their high-watermark clause and the strong correction in local markets during the period.

Segment Distributable Earnings of R$10.4 million for the quarter ended June 30, 2022, down 32% year-over-year. Segment DE was R$22.3 million over the six months ended June 30, 2022, a decrease of 17% when compared to the six months ended June 30, 2021.

AUM was R$9.8 billion at the end of the 2Q’22. Liquid strategies' AUM has not suffered from significant outflows in the quarter when compared to the outflows seen in the Brazilian asset manager industry during the quarter. Most of the decrease seen in liquid funds' AUM year-over-year comes from the mark-to-market effect following the depreciation in local markets.

Investment Products and Solutions

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
Net revenue from management fees 22,349 19,897 21,407 -4% 37,629 41,304 10%
Net revenue from advisory fees 20 7 7 -65% 39 14 -65%
Total Fee Related Revenues 22,369 19,904 21,414 -4% 37,668 41,317 10%
Segment personnel expenses (1,008) (1,827) (1,078) 7% (1,979) (2,905) 47%
Other G&A expenses (344) (600) (450) 31% (809) (1,050) 30%
Corporate center expenses (4,343) (4,065) (4,864) 12% (7,782) (8,929) 15%
Bonus compensation related to management and advisory (3,927) (4,156) (3,557) -9% (7,595) (7,712) 2%
Total Fee Related Expenses (9,622) (10,648) (9,948) 3% (18,166) (20,596) 13%
FEE RELATED EARNINGS (FRE) 12,747 9,255 11,466 -10% 19,502 20,721 6%
FRE Margin (%) 57.0% 46.5% 53.5% 51.8% 50.2%
Net revenue from performance fees 10,382 208 820 -92% 17,863 1,028 -94%
Realized performance fees 2,394 208 820 -66% 9,875 1,028 -90%
Unrealized performance fees 7,988 N/A 7,988 N/A
Performance based compensation (3,233) (84) (360) -89% (5,660) (444) -92%
PERFORMANCE RELATED EARNINGS (PRE) 7,149 124 460 -94% 12,203 584 -95%
PRE Margin (%) 68.9% 59.5% 56.1% 68.3% 56.8%
(-) Unrealized performance fees (7,988) N/A (7,988) N/A
(+) Unrealized performance compensation 2,599 N/A 2,599 N/A
SEGMENT DISTRIBUTABLE EARNINGS 14,507 9,379 11,926 -18% 26,316 21,305 -19%
Segment DE Margin (%) 58.6% 46.6% 53.6% 55.4% 50.3%
ASSETS UNDER MANAGEMENT (AUM R$ millions) 21,966 23,394 25,659 17% 21,966 25,659 17%
FEE EARNING ASSETS UNDER MANAGEMENT (FEAUM R$ millions) 21,812 23,258 25,545 17% 21,812 25,545 17%
AVERAGE MANAGEMENT FEE RATE (%) 0.45% 0.37% 0.38% 0.40% 0.38%
FULL TIME EMPLOYEES 14 14 16 14% 14 16 14%

Fee related earnings (FRE) of R$11.5 million for the quarter ended June 30, 2022, down 10% year-over-year due to a retroactive revenue recognition in the 2Q'21. FRE was up 24% on a quarter-over-quarter basis. FRE was R$20.7 million over the six months ended June 30, 2022, an increase of 6% when compared to the six months ended June 30, 2021, driven by the growth in management fees following notable fundraising over the last six months.

Performance related earnings (PRE) of R$460 thousand for the quarter ended June 30, 2022, down 94% year-over-year. In the 2Q'21 the platform was positively impacted by an extraordinary performance coming from international exclusive mandates in IP&S, that although unrealized, impacted PRE results. PRE over the six months ended June 30, 2022 was R$584 thousand, a decrease of 95% when compared to the six months ended June 30, 2021.

Segment Distributable Earnings of R$11.9 million for the quarter ended June 30, 2022, down 18% year-over-year, mainly due to a higher contribution from PRE in the 2Q’21. Segment DE was R$21.3 million over the six months ended June 30, 2022, a decrease of 19% when compared to the six months ended June 30, 2021.

AUM of R$25.7 billion, up 17% year-over-year, following the strong fundraising from our pension plan products in the second quarter.

Financial Advisory

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
Net revenue from management fees N/A N/A
Net revenue from advisory fees 3,718 3,201 6,378 72% 18,259 9,578 -48%
Total Fee Related Revenues 3,718 3,201 6,378 72% 18,259 9,578 -48%
Segment personnel expenses (411) (505) (530) 29% (806) (1,035) 28%
Other G&A expenses (126) (209) (165) 31% (307) (374) 22%
Corporate center expenses (965) (938) (1,067) 11% (1,939) (2,006) 3%
Bonus compensation related to management and advisory (1,694) (908) (1,350) -20% (5,401) (2,208) -59%
Total Fee Related Expenses (3,196) (2,560) (3,112) -3% (8,454) (5,623) -33%
FEE RELATED EARNINGS (FRE) 522 640 3,265 525% 9,805 3,956 -60%
FRE Margin (%) 14.1% 20.0% 51.2% 53.7% 41.3%
SEGMENT DISTRIBUTABLE EARNINGS 522 640 3,265 525% 9,805 3,956 -60%
Segment DE Margin (%) 14.1% 20.0% 51.2% 53.7% 41.3%
FULL TIME EMPLOYEES 8 11 10 25% 8 10 25%

Fee related earnings (FRE) of R$3.3 million for the quarter ended June 30, 2022, up 525% year-over-year. FRE was R$4.0 million over the six months ended June 30, 2022, a decrease of 60% when compared to the six months ended June 30, 2021, due to a greater contribution from advisory fees in the 1Q’21, when the Advisory team closed the pre-IPO advisory for B3 listed company Espaço Laser.

Segment Distributable Earnings over the six months ended June 30, 2022 were R$4.0 million, a decrease of 60% year-over-year when compared to the six months ended June 30, 2021.

Retirement Services

(R$ thousands, unless mentioned)/ 2Q'21 1Q'22 2Q'22 ∆ YoY (%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
Net revenue from management fees
Net revenue from advisory fees
Total Fee Related Revenues
Segment personnel expenses (97) (308) (405)
Other G&A expenses (263) (372) (635)
Corporate center expenses
Bonus compensation related to management and advisory (1,002) (1,012) (2,014)
Total Fee Related Expenses (1,362) (1,692) (3,054)
FEE RELATED EARNINGS (FRE) (1,362) (1,692) (3,054)
FRE Margin (%)
Net revenue from performance fees
Realized performance fees
Unrealized performance fees
Performance based compensation
PERFORMANCE RELATED EARNINGS (PRE)
PRE Margin (%)
(-) Unrealized performance fees
(+) Unrealized performance compensation
SEGMENT DISTRIBUTABLE EARNINGS (1,362) (1,692) (3,054)
Segment DE Margin (%)
ASSETS UNDER MANAGEMENT (AUM R$millions)
FULL TIME EMPLOYEES 3 5 5

Fee Related Earnings (FRE) of negative R$1.7 million for the quarter ended June 30, 2022. FRE was negative R$3.1 million to the six months ended June 30, 2022.

VRS is within investment period and products are expected to be launched in 2023. We are separating this segment from others because we believe it could be a relevant tech enabled vertical in the future.

Income Statement

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 ∆ YoY(%) 2Q'21 YTD 2Q'22 YTD ∆ YTD (%)
REVENUES
Net revenue from management fees 94,778 87,229 89,271 -6% 176,621 176,500 0%
Net revenue from performance fees 18,624 3,172 3,839 -79% 28,575 7,011 -75%
Realized performance fees 9,559 2,536 3,839 -60% 19,088 6,375 -67%
Unrealized performance fees 9,065 636 N/A 9,487 636 -93%
Net revenue from advisory 6,378 3,674 6,659 4% 21,444 10,333 -52%
Total net revenues from services rendered 119,780 94,075 99,769 -17% 226,640 193,844 -14%
EXPENSES
Bonus related to management and advisory (17,082) (17,272) (17,267) 1% (35,608) (34,539) -3%
Performance based compensation (7,817) (1,032) (1,427) -82% (11,109) (2,459) -78%
Realized (4,837) (807) (1,427) -71% (7,979) (2,234) -72%
Unrealized (2,980) (225) N/A (3,130) (225) -93%
Total compensation and benefits^xii^ (24,899) (18,303) (18,694) -25% (46,717) (36,998) -21%
Segment personnel expenses (5,528) (6,549) (6,233) 13% (10,625) (12,782) 20%
Other general and administrative expenses (4,058) (4,503) (4,178) 3% (7,632) (8,681) 14%
Corporate center expenses (19,296) (18,761) (21,350) 11% (38,808) (40,111) 3%
Total expenses (53,781) (48,116) (50,455) -6% (103,783) (98,571) -5%
Operating profit 65,999 45,959 49,314 -25% 122,857 95,273 -22%
OTHER ITEMS
GP Investment income (5,206) (4,169) (7,211) 39% (4,045) (11,380) 181%
Realized gain from GP investment income 345 2,045 4,926 1328% 457 6,971 1425%
Unrealized gain from GP investment income (5,551) (6,214) (12,137) 119% (4,502) (18,351) 308%
Financial income 14,152 24,708 21,193 50% 18,649 45,901 146%
Realized gain from financial income 14,239 24,996 20,001 40% 18,883 44,997 138%
Unrealized gain from financial income (87) (288) 1,192 N/A (234) 904 N/A
Leasing expenses (3,106) (2,472) (2,400) -23% (6,263) (4,872) -22%
Other items (2,120) (1,136) 644 N/A (1,234) (492) -60%
Share Based Plan (1,642) (736) (2,468) 50% (1,642) (3,204) 95%
Nonrecurring expenses (5,109) (962) N/A (6,071) N/A
Total Other Items 2,078 11,086 8,796 323% 5,465 19,882 264%
Profit before income taxes 68,077 57,045 58,109 -15% 128,322 115,154 -10%
(-) Income taxes (14,671) (11,739) (11,711) -20% (27,903) (23,450) -16%
NET INCOME 53,406 45,306 46,398 -13% 100,419 91,704 -9%
(+) Non-recurring expenses including income tax related to realized expense 4,437 635 N/A 5,072 N/A
ADJUSTED NET INCOME 53,406 49,742 47,033 -12% 100,419 96,776 -4%

Total net revenues from services rendered of R$99.8 million for the quarter ended June 30, 2022, compared to R$119.8 million for the quarter ended June 30, 2021, a decrease of 17% year-over-year, impacted by significant mark-to-market correction this quarter, which has a negative impact on Liquid Strategies’ AUM and performance fees. Net revenues for the six months ended June 30, 2022, were R$193.8 million, down 14% year-over-year, when compared to the six months ended June 30, 2021. Net revenues for the quarter-over-quarter ended June 30, 2022, were up 6%, when compared to the quarter ended March 31, 2022, due to relevant fundraising in Private Markets and IP&S during the 2Q’22.

· Management fee revenues of R$89.3 million for<br>the quarter ended June 30, 2022, compared to R$94.8 million for the quarter ended June 30, 2021, a decrease of 6% year-over-year, primarily<br>due to our successful capital return in FIP Energia PCH, which occurred in the first quarter of 2022, and impacted by significant mark-to-market<br>correction this quarter, which has a negative impact on Liquid Strategies’ AUM. Management fee revenues for

the six months ended June 30, 2022, were R$176.5 million, in line, when compared to the six months ended June 30, 2021.

· Performance fee revenues of R$3.8 million for<br>the quarter ended June 30, 2022, compared to R$18.6 million for the quarter ended June 30, 2021, a decrease of 79% year-over-year. In<br>the 2Q'21 the platform was positively impacted by an extraordinary performance coming from international exclusive mandates in IP&S.<br>Performance fee revenues were R$7.0 million for the six months ended June 30, 2022, down 75% year-over-year, when compared to the six<br>months ended June 30, 2021. Liquid strategies' funds haven't been able to charge significant levels of performance fees, mostly due to<br>their high-watermark clause and the strong correction in local markets during the period.
· Advisory fee revenues of R$6.7 million for the<br>quarter ended June 30, 2022, compared to R$6.4 million for the quarter ended June 30, 2021, an increase of 4% year-over-year. Advisory<br>revenues for the six months ended June 30, 2022, were R$10.3 million, down 52% when compared to the six months ended June 30, 2021, due<br>to a greater contribution from advisory fees in the 1Q’21, when the Advisory team closed the pre-IPO advisory for B3 listed company<br>Espaço Laser.
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Total expenses for the quarter ended June 30, 2022, of R$50.5 million, compared to R$53.8 million for the quarter ended June 30, 2021, a decrease of 6% year-over-year. Total expenses for the six months ended June 30, 2022, were R$98.6 million, down 5% when compared to the six months ended June 30, 2021.

· Bonus related to management and advisory fees^xiii^<br>of R$17.3 million for the quarter ended June 30, 2022, compared to R$17.1 million for the quarter ended June 30, 2021, an increase of<br>1% year-over-year. Bonus related to management and advisory was R$34.5 million for the six months ended June 30, 2022, down 3% year-over-year,<br>when compared to the six months ended June 30, 2021.
· Performance based compensation^xiv^<br>of R$1.4 million for the quarter ended June 30,2022, compared to R$7.8 million for the quarter ended June 30, 2021. Performance based<br>compensation for the six months ended June 30, 2022, was R$2.5 million, a decrease of 78% year-over-year, when compared to the six months<br>ended June 30, 2021.
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· Segment personnel expenses^xv^ of<br>R$6.2 million for the quarter ended June 30, 2022, compared to R$5.5 million for the quarter ended June 30, 2021, an increase of 13% year-over-year.<br>Segment personnel expenses for the six months ended June 30, 2022, was R$12.8 million, up 20% year-over-year, when compared to the six<br>months ended June 30, 2021, primarily due to higher inflation in the period affecting fixed costs.
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· Corporate center expenses^xvi^ of<br>R$21.4 million for the quarter ended June 30, 2022, compared to R$19.3 million for the quarter ended June 30, 2021, an increase of 11%<br>year-over-year. Corporate center expenses were up year-over-year due to higher inflation in the period and the return of travel expenses<br>to the same levels experienced before COVID-19 pandemic. Corporate center expenses for the six months ended June 30, 2022, were R$40.1<br>million, up 3% year-over-year, when compared to the six months ended June 30, 2021.
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· Other general and administrative expenses^xvii^<br>of R$4.2 million for the quarter ended June 30, 2022, compared to
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R$4.1 million for the quarter ended June 30, 2021, an increase of 3% year-over-year. Other G&A expenses for the six months ended June 30, 2022, were R$8.7 million, up 14% year-over-year, when compared to the six months ended June 30, 2021.

Operating Profit of R$49.3 million for the quarter ended June 30, 2022, compared to R$66.0 million for the quarter ended June 30, 2021, a decrease of 25% year-over-year. Operating profit for the six months ended June 30, 2022, was R$95.3 million, down 22% year-over-year, when compared to the six months ended June 30, 2021.

GP Investment income^xviii^, a result of the company’s GP investments in its proprietary private market funds, was negative R$7.2 million for the quarter ended June 30, 2022, compared to negative R$5.2 million for the quarter ended June 30, 2021, due to the mark-to-market effect over listed REITs’ quotas in the B3. GP Investment income for the six months ended June 30, 2022, was negative R$11.4 million compared to negative R$4.0 million for the six months ended June 30, 2021.

Financial Income^xix^ of R$21.2 million for the quarter ended June 30, 2022, compared to R$14.2 million for the quarter ended June 30, 2021, an increase of 50% year-over-year, a result of financial gains from the company’s cash allocation. Financial income for the six months ended June 30, 2022, was R$45.9 million, up 146% year-over-year, when compared to the six months ended June 30, 2021.

Leasing Expenses^xx^ of R$2.4 million for the quarter ended June 30, 2022, compared to R$3.1 million for the quarter ended June 30, 2021, a decrease of 23% year-over-year.

Share Based Plan expenses^xxi^ of R$2.5 million for the quarter ended June 30, 2022. In the six months ended June 30, 2022, share based plan expenses accounted for R$3,2 million.

Nonrecurring expenses^xxii^ of R$962 thousands for the quarter ended June 30, 2022. Non-recurring expenses are composed by expenses related to professional services to matters related to M&A.

Profit before income taxes of R$58.1 million for the quarter ended June 30, 2022, compared to R$68.1 million for the quarter ended June 30, 2021, a decrease of 15% year-over-year. Profit before income taxes for the six months ended June 30, 2022, was R$115.2 million, down 10% year-over-year, when compared to the six months ended June 30, 2021.

Income Taxes^xxiii^ of R$11.7 million for the quarter ended June 30, 2022, which represented an effective tax rate for the quarter of 20%, compared to R$14.7 million for the quarter ended June 30, 2021, which represented an effective tax rate of 22%.

Adjusted Net Income of R$47.0 million for the quarter ended June 30, 2022, compared to R$53.4 million for the quarter ended June 30, 2021, a decrease of 12% year-over-year. Adjusted Net Income was R$96.8 million for the six months ended June 30, 2022, down 4% year-over-year, when compared to the six months ended June 30, 2021.

Supplement Details

Assets Under Management (AUM)^xxiv^ Rollforward – R$ millions

For the Three Months EndedJune 30, 2022

Private<br><br><br> <br>Equity Public<br><br><br> <br>Equities IP&S Infrastructure Real Estate Credit Hedge<br><br><br> <br>Funds Total
Beginning balance 11,025 9,333 23,394 1,493 5,317 3,206 2,910 56,677
(+/-) Capital Subscription / (capital return) 1,888 11 (113) 958 2,744
(+) Capital Subscription 1,898 11 994 2,904
(-) Capital Return (11) (113) (36) (160)
(+/-) Net Inflow / (outflow) (646) 2,448 16 29 (116) 1,731
(+/-) Appreciation / (depreciation) 100 (1,622) (182) (45) (12) 124 (14) (1,651)
Ending Balance 13,013 7,064 25,659 1,460 5,208 4,318 2,781 59,502

For the Twelve Months EndedJune 30, 2022

Private<br><br><br> <br>Equity Public<br><br><br> <br>Equities IP&S Infrastructure Real<br><br><br> <br>Estate Credit Hedge<br><br><br> <br>Funds Total
Beginning balance 10,851 10,861 21,966 2,363 5,087 2,461 3,263 56,852
(+/-) Capital Subscription / (capital return) 2,103 203 (900) 296 1,053 2,755
(+) Capital Subscription 2,116 203 288 619 1,160 4,386
(-) Capital Return (13) (1,188) (323) (107) (1,631)
(+/-) Net Inflow / (outflow) (1,289) 3,658 123 499 (498) 2,492
(+/-) Appreciation / (depreciation) 58 (2,508) (168) (3) (298) 305 16 (2,597)
Ending Balance 13,013 7,064 25,659 1,460 5,208 4,318 2,781 59,502

Fee Earning Assets Under Management (FEAUM) Rollforward – R$ millions

For the Three Months EndedJune 30, 2022

Private<br><br><br> <br>Equity Public<br><br><br> <br>Equities IP&S Infrastructure Real Estate Credit Hedge<br><br><br> <br>Funds Total
Beginning balance 9,236 9,267 23,258 1,433 5,317 3,206 2,838 54,553
(+/-) Capital Subscription / (capital return) 593 11 (113) 958 1,449
(+) Capital Subscription 603 11 994 1,609
(-) Capital Return (11) (113) (36) (160)
(+/-) Net Inflow / (outflow) (643) 2,468 16 29 (116) 1,755
(+/-) Appreciation / (depreciation) (31) (1,622) (181) (45) (12) 124 (16) (1,783)
Ending Balance 9,797 7,002 25,545 1,399 5,208 4,318 2,706 55,975

For the Twelve Months EndedJune 30, 2022

Private<br><br><br> <br>Equity Public<br><br><br> <br>Equities IP&S Infrastructure Real<br><br><br> <br>Estate Credit Hedge<br><br><br> <br>Funds Total
Beginning balance 9,066 10,765 21,812 2,259 5,087 2,461 3,200 54,650
(+/-) Capital Subscription / (capital return) 808 203 (850) 296 1,053 1,510
(+) Capital Subscription 821 203 288 619 1,160 3,091
(-) Capital Return (13) (1,138) (323) (107) (1,581)
(+/-) Net Inflow / (outflow) (1,285) 3,686 123 499 (502) 2,520
(+/-) Appreciation / (depreciation) (77) (2,479) (155) (10) (298) 305 8 (2,706)
Ending Balance 9,797 7,002 25,545 1,399 5,208 4,318 2,706 55,975

Accrued Performance Fees – Private Market Funds

(R$ mm) 1Q’22 Unrealized Performance Fees Realized Distributions 2Q'22
Private Equity 84.6 41.5 - 126.1
Infrastructure 20.0 (0.2) - 19.9
Real Estate 0 0.1 - 0.1
Total 104.6 41.5 - 146.1

Vinci Partners 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$19.9 million as of the end of the second quarter of 2022 booked as unrealized performance fees in the company´s balance sheet.

Accrued performance fees shown for Private Equity funds of R$126.1 million and for Real Estate funds of R$0.1 million as of the end of the second quarter of 2022 have not been booked as unrealized performance fees in the company´s balance sheet.

Investment Records – IP&S, Liquid Strategies, Credit and Listed REIT

Fund Segment NAV^xxv^<br><br><br> <br>(R$ millions) 2Q22 YTD 12 M 24 M Market Comparison Index Rate
Vinci Multiestratégia FIM Hedge Funds 490.5 2.2% 5.4% 7.7% 9.2% CDI^4^ CDI^4^
Atlas Strategy² Hedge Funds 490.2 0.5% 4.8% 0.4% 0.9% CDI^4^ CDI^4^
Vinci Total Return Hedge Funds 241.0 -12.5% -4.5% -10.5% 33.2% IPCA^5^ + Yield IMA-B^7^ IPCA^5^ + Yield IMA-B^7^
Mosaico Strategy Public Equities 951.1 -18.5% -8.9% -24.6% -3.0% IBOV^5^ IBOV^5^
Vinci Gas Dividendos FIA Public Equities 469.9 -15.1% -1.9% -15.5% 7.5% IBOV^5^ IBOV^5^
Vinci Valorem FIM IP&S 3,066.5 2.9% 7.3% 9.7% 15.4% IMA-B 5^7^ IMA-B 5^7^
Equilibrio Strategy³ IP&S 2,070.7 2.7% 7.4% 8.9% 15.9% IPCA^6^ -
Vinci Selection Equities FIA IP&S 634.3 -13.7% -5.6% -21.6% 0.3% IBOV^5^ IBOV^5^
Vinci Crédito Imobiliário I Credit 257.1 3,16% 7.79% 7,79% 16,39% IPCA^6^ IPCA^6^ +7.785%
Vinci Crédito Imobiliário II Credit 636.9 1,55% 4.71% 4,52% 11,52% IPCA^6^ IPCA^6^+ 6%
Vinci Crédito Estruturado Multiestrategia Plus FIC FIM Credit 125.0 3,36% 6.16% 11,00% 16,43% CDI^4^ CDI^4^
Vinci Energia Sustentável Credit 614.0 2,33% 1.30% 3,58% 13,55% IPCA^6^ IPCA^6^ + 6%
Vinci Crédito Multiestratégia Credit 308.2 3,35% 6.80% 12,91% - CDI^4^ IPCA^6^ + 5%
VISC11 Real Estate (listed REIT) 1,774.9 3.2% 1.8% 1.9% 9.3% IFIX^8^ IPCA^6^ + 6%
VILG11 Real Estate (listed REIT) 1,421.8 -2.1% -5.7% -5.3% -9.4% IFIX^8^ IPCA^6^ + 6%
VINO11 Real Estate (listed REIT) 725.4 -9.9% -18.7% -17.5% -8.8% IFIX^8^ IPCA^6^ + 6%
VIFI11 Real Estate (listed REIT) 55.6 -1.9% -4.6% -9.3% -17.1% IFIX^8^ IFIX^8^
VIUR11 Real Estate (listed REIT) 191.3 0.5% -2.7% -12.6% - IFIX^8^ IPCA^6^ + 6%
VIGT11 Infrastructure (listed) 595.5 -4.7% -6.4% -4.0% -22.7% - -
VINCI FOF IMOBILIARIO FIM CP Real Estate (REIT) 11.0 2.0% 3.8% - - IFIX^8^ IFIX^8^
Benchmark 2Q22 YTD 12 M 24 M
--- --- --- --- ---
IBOV -18.1% -6.0% -22.3% 3.7%
CDI 3.0% 5.4% 8.7% 11.1%
IMA-B 5 2.7% 6.6% 10.1% 16.7%
IPCA + Yield IMA-B 4.2% 7.4% 16.0% 28.6%
IPCA 2.3% 5.5% 11.9% 21.2%
IFIX -0.9% -0.3% -2.3% 11.5%

Investment Records – Closed End Private Markets funds^xxvi^

Fund Segment Vintage year Committed Capital<br><br><br> <br>(R$mm) Invested Capital<br><br><br> <br>(R$mm) Realized or Partially<br><br><br> <br>Realized<br><br><br> <br>(R$mm) Unrealized<br><br><br> <br>(R$mm) Total<br><br><br> <br>Value<br><br><br> <br>(R$mm) Gross MOIC^xxvii^<br><br><br> <br>(BRL) Gross<br><br><br> <br>MOIC<br><br><br> <br>(USD) Gross<br><br><br> <br>IRR^xxviii^<br><br><br> <br>(BRL) Gross IRR<br><br><br> <br>(USD)
Fund 1 Private Equity 2004 1,415 1,206 5,058 229 5,287 4.4x 4.0x 71.5% 77.2%
VCP II Private Equity 2011 2,200 1,805 1,844 2,390 4,234 2.3x 1.2x 12.6% 2.8%
VCP III Private Equity 2018 4,000 1,825 34 2,910 2,944 1.6x 1.6x 48.6% 42.0%
VCP Strategy^xxix^ Private Equity 7,615 4,835 6,936 5,529 12,465 2.6x 2.3x 64.8% 70.3%
NE Empreendedor Private Equity 2003 36 13 26 26 2.1x 2.6x 22.0% 30.5%
Nordeste III Private Equity 2017 240 134 75 139 214 1.6x 1.4x 20.7% 13.5%
VIR IV Private Equity 2020 1,000 189 4 202 205 1.1x 1.2x 14.1% 37.5%
VIR Strategy^xxx^ Private Equity 1,276 336 105 340 446 1.3x 1.2x 22.1% 27.8%
FIP Transmissão^xxxi^ Infrastructure 2017 211 104 241 161 401 3.9x 3.0x 69.4% 53.5%
VIAS^xxxii^ Infrastructure 2021 386 350 350 350 1.0x 1.1x NM NM
VFDL^xxxiii^ Real Estate 2021 422 83 103 103 1.2x 1.8x 44.5% 46.5%

Shareholder Dividends

($ in thousands) 1H21 3Q**'** 21 4Q'21 1Q’22 2Q’22
Distributable Earnings (R$) 101,976 61,743 68,515 53,255 60,435
Distributable Earnings (US$)^xxxiv^ 19,397 11,377 13,637 10,615 11,795
DE per Common Share (US$)^xxxv^ 0.34 0.20 0.24 0.19 0.21
Actual Dividend per Common Share^xxxvi^ 0.30 0.16 0.20 0.17 0.17
Record Date September 01,2021 December 01,2021 March 10, 2022 May 24, 2022 August 25, 2022
Payable Date September 16, 2021 December 16,2021 March 24, 2022 June 08, 2022 September 09,2022

Vinci Partners generated R$1.09 or US$0.21 of Distributable Earnings per common share for the second quarter of 2022.

The company declared a quarterly dividend of US$0.17 per common share to record holders as of August 25, 2022; payable on September 09, 2022.

Share Summary

VINP Shares 1Q**'** 21 2Q**'** 21 3Q**'** 21 4Q'21 1Q’22 2Q'22
Class B 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239 14,466,239
Class A – Partnership Units 27,175,861 27,175,861 27,175,861 27,175,861 27,175,861 27,175,861
Class A - Public Float 15,271,488 15,094,833 14,921,318 14,513,477 14,187,216 13,936,856
Common Shares Outstanding 56,913,588 56,736,933 56,563,418 56,155,577 55,829,316 55,578,956

Common Shares Outstanding as of quarter end of 55,578,956 shares.

· Repurchased 250,306 common shares in the quarter,<br>with an average share price of US$11.7.
· Repurchased 1,334,632 common shares since the<br>announcement of the first share repurchase plan, with an average share price of US$12.5.
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· Available authorization remaining was R$56.4<br>million on June 30, 2022.
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GP Commitment in Private Market funds

(R$ millions,  unless mentioned) Fund Segment 2Q’22  Commitments Total  Capital Committed 2Q’22 Capital Called Total Capital Called Capital Returned/ Dividends Payed (2Q’22) Accumulated Capital Returned/ Dividends  Payed Fair value  of  investments
Nordeste III Private Equity 5.0 0.0 3.1 1.3 2.8
VCP III Private Equity 3.1 0.4 2.1 2.9
VIR IV Private Equity 11.1 0.2 3.1 0.0 0.1 2.8
VCP IV Private Equity 350.0 350.0
FIP Infra Transmissão  (co- investment)^i^ Infrastructure 29.5 8.9 19.7 12.6
FIP Infra Transmissão^ii^ Infrastructure 10.5 3.4 6.2 3.6
VIAS Infrastructure 50.0 27.8 27.0
Vinci Transporte e Logística II Infrastructure 15.0 15.0
Vinci Transporte e Logística I Infrastructure 11.4 11.4 6.3 6.3 6.3
VFDL Real Estate 70.0 3.5 17.5 20.3
VIUR Real Estate 67.3 67.3 1.5 6.1 48.3
VINO Real Estate 50.0 50.0 0.9 1.6 40.0
Vinci FOF Imobiliário Real Estate 10.0 10.0 7.0
VCRI^iii^ Credit 80.0 80.0 2.5 2.5 79.1
Vinci Crédito Agro Imobiliário Credit 16.0 16.0 16.0 16.0 16.3
Vinci Crédito Infra Institucional Credit 100.0 100.0
VSP IP&S 45.0 50.0 2.2 2.2 10.0
Total 537.4 928.9 28.6 297.6 4.9 37.5 278.9

Reconciliation and Disclosures

Non-GAAP Reconciliation

(R$ thousands, unless mentioned) 2Q'21 1Q'22 2Q'22 2Q'21 YTD 2Q'22 YTD
OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273
(-) Net revenue from realized performance fees (9,559) (2,536) (3,839) (19,088) (6,375)
(-) Net revenue from unrealized performance fees (9,065) (636) (9,487) (636)
(+) Compensation allocated in relation to performance fees 7,817 1,032 1,427 11,109 2,459
FEE RELATED EARNINGS (FRE) 55,192 43,818 46,902 105,391 90,720
OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273
(-) Net revenue from management fees (94,778) (87,229) (89,271) (176,621) (176,500)
(-) Net revenue from advisory (6,378) (3,674) (6,659) (21,444) (10,333)
(+) Bonus related to management and advisory 17,082 17,272 17,267 35,608 34,539
(+) Personnel expenses 5,528 6,549 6,233 10,625 12,782
(+) Other general and administrative expenses 4,058 4,503 4,178 7,632 8,681
(+) Corporate center expenses 19,296 18,761 21,350 38,808 40,111
PERFORMANCE RELATED EARNINGS (PRE) 10,807 2,140 2,412 17,466 4,552
OPERATING PROFIT 65,999 45,959 49,314 122,857 95,273
(-) Net revenue from unrealized performance fees (9,065) (636) (9,487) (636)
(+) Compensation allocated in relation to unrealized performance fees 2,980 225 3,130 225
(+) Realized gain from GP investment income 345 2,045 4,926 457 6,971
SEGMENT DISTRIBUTABLE EARNINGS 60,259 47,593 54,240 116,958 101,833
NET INCOME 53,406 45,306 46,398 100,419 91,704
(-) Net revenue from unrealized performance fees (9,065) (636) (9,487) (636)
(+) Income tax from unrealized performance fees 124 73 173 73
(+) Compensation allocated in relation to unrealized performance fees 2,980 225 3,130 225
(-) Unrealized gain from GP investment income 5,551 6,214 12,137 4,502 18,351
(+) Income tax on unrealized gain from GP investment income (838) (55) (422) (55)
(-) Unrealized gain from financial income 87 288 (1,192) 234 (904)
(+) Income tax on unrealized gain from financial income (32) 65 (65) (80)
(+) Depreciation and amortization 926 984 976 1,865 1,960
(+) Share Based Plan 1,642 736 2,468 1,642 3,204
(-) Income Taxes on Share Based Plan (233) (233)
(+) Non-recurring expenses including income tax related to realized expense 4,437 635 5,072
ADJUSTED DISTRIBUTABLE EARNINGS 54,781 57,692 61,070 101,976 118,762
TOTAL NET REVENUE FROM SERVICES RENDERED 119,780 94,075 99,769 226,640 193,844
(-) Net revenue from realized performance fees (9,559) (2,536) (3,839) (19,088) (6,375)
(-) Net revenue from unrealized performance fees (9,065) (636) (9,487) (636)
NET REVENUE FROM MANAGEMENT FEES AND ADVISORY 101,156 90,903 95,930 198,065 186,833

Effective Tax Rate Reconciliation

(R$ thousands, unless mentioned) 2Q'21 2Q'22 2Q'21 YTD 2Q'22 YTD
Profit (loss) before income taxes, not-including Dividends to partners 68,077 58,109 128,322 115,154
Combined statutory income taxes rate - % 34% 34% 34% 34%
Income tax benefit (Expense) at statutory rates (23,146) (19,757) (43,629) (39,152)
Reconciliation adjustments:
Expenses not deductible (4) (9) (56) (27)
Tax benefits 33 30 47 65
Share based payments (166) (70) (166) (156)
Effect of presumed profit of subsidiaries¹ 8,739 7,951 15,831 15,665
Other additions (exclusions), net (127) 144 70 155
Income taxes expenses (14,671) (11,711) (27,903) (23,450)
Current (16,704) (12,886) (30,900) (25,557)
Deferred 2,033 1,175 2,997 2,107
Effective tax rate 22% 20% 22% 20%

Balance Sheet Results

Assets 3/31/2022 6/30/2022
Current assets
Cash and cash equivalents 38,516 57,780
Cash and bank deposits 9,109 10,532
Financial instruments at fair value through profit or loss 29,407 47,248
Financial instruments at fair value through profit or loss 1,324,292 1,290,972
Trade receivables 41,453 45,324
Sub-leases receivable 1,500 1,500
Taxes recoverable 3,214 4,541
Other assets 7,136 10,689
Total current assets 1,416,111 1,410,806
Non-current assets
Financial instruments at fair value through profit or loss 9,235 5,701
Trade receivables 20,042 20,042
Sub-leases receivable 2,256 1,960
Taxes recoverable 61 62
Deferred taxes 6,057 6,226
Other receivables 1,851 1,543
39,502 35,534
Property and equipment 13,591 13,087
Right of use - Leases 63,159 60,632
Intangible assets 1,156 1,600
Total non-current assets 117,408 110,853
TOTAL 1,533,519 1,521,659
Liabilities and equity 3/31/2022 6/30/2022
--- --- ---
Current liabilities
Trade payables 366 313
Deferred Revenue 17,504
Leases 22,755 23,218
Accounts payable 6,909 6,941
Labor and social security obligations 25,023 44,038
Taxes and contributions payable 14,838 17,990
Total current liabilities 87,395 92,500
Non-current liabilities
Accounts payable
Leases 59,581 55,724
Labor and social security obligations 274
Deferred taxes 5,209 4,203
64,790 60,201
Total liabilities 152,185 152,701
Equity
Share capital 15 15
Additional paid-in capital 1,382,038 1,382,038
Treasury shares (73,815) (88,425)
Retained Earnings 59,315 58,227
Other reserves 13,747 17,067
1,381,300 1,368,922
Non-controlling interests in the equity of subsidiaries 34 36
Total equity 1,381,334 1,368,958
Total liabilities and equity 1,533,519 1,521,659

Forward-Looking Statements

This earnings release 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. The forward-looking statements included herein speak only as at the date of this press release 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 this press release. 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 from time to time.

^i^ Adjusted Distributable Earnings is calculated as Distributable Earnings less non-recuring expenses.

^ii^ 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 or investment income. We calculate FRE as operating profit less (a) net revenue from realized performance fees, less (b) net revenue from unrealized performance fees, plus (c) compensation allocated in relation to performance fees.

^iii^ FRE per share is calculated considering the number of outstanding shares at the end of the current quarter. Last six months values are calculated as the sum of the last four quarters.

^iv^ Distributable Earnings is used as a reference point by our board of directors for determining the amount of earnings available to distribute to shareholders as dividends. 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) unrealized gain from GP investment income, less (e) unrealized gain from financial income, plus (f) income taxes on unrealized gain from GP investment income, plus (g) income taxes on unrealized gain from financial income.

^v^ Adjusted DE per share is calculated considering the number of outstanding shares at the end of the current quarter. Last six months values are calculated as the sum of the last four quarters.

^vi^ For the six months ended June 30, 2022, non-recurring expenses are composed by expenses related to professional services to matters related to M&A and our international corporate organization.

^vii^ Net revenue from Fund Management and Advisory is a performance measure that we use to assess our ability to generate profits from our fund management and advisory business without measuring for the outcomes from funds above their respective benchmarks. We calculate Net Revenue from Fund Management and Advisory as net revenue from services rendered less (a) net revenue from realized performance fees and less (b) net revenue from unrealized performance fees.

^viii^ FRE Margin is calculated as FRE over total net management and advisory fees.

^ix^ “Performance Related Earnings”, or “PRE”, is a performance measure that we use to assess our ability to generate profits from revenue that relies on outcome from funds above their respective benchmarks. We calculate PRE as operating profit, less (a) net revenue from fund management and advisory, less (b) operating expenses, such as segment personnel, G&A, corporate center and bonus related to management and advisory.

^x^ Segment Distributable Earnings is Vinci Partners’ segment profitability measure used to make operating decisions and assess performance across the company’s four segments (Private Markets, Liquid Strategies, Investment Products and Solutions and Financial 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.

^xi^ Adjusted DE Margin is calculated as adjusted DE over the sum of management and advisory fee related revenues, realized performance revenue, realized GP investment income and realized financial income, net of revenue tax.

^xii^ “Total compensation and benefits” is the result of the profit sharing paid to our employees as (a) bonus compensation related to management advisory and (b) performance based compensation. Total compensation and benefits include Dividends to Partners, distributed by the company to its original partners before the public turned public in 2021. In accordance with the by-laws of Vinci Brazil, dividends have historically been distributed based on the resolution of the partners. Therefore, dividends could be distributed on a non-proportional basis among

quotaholders, which are comprised by the partners of Vinci Brazil. After the company’s IPO, Vinci Partners changed its compensation structure, from a dividend distribution policy to a profit-sharing scheme for our partners.

^xiii^ Bonus compensation related to management and advisory includes Dividends to Partners related to management and advisory, distributed by the company to its original partners before the company turned public in 2021.

^xiv^ Performance based compensation includes Dividends to Partners related to performance fees, distributed by the company to its original partners before the company turned public in 2021.

^xv^ “Segment personnel expenses” are composed of the salary-part compensation paid to employees and partners of our funds’ management teams.

^xvi^ “Corporate center expenses” are composed by the salary-compensation paid to employees and partners of our support teams and other expenses, such as research, risk, legal & compliance, investor relations, operations and ESG.

^xvii^ “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.

^xviii^ “GP investment income” is income from proprietary investments made by us in our own Private Markets’ funds, used as GP Commitments.

^xix^ “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 public equities and hedge funds’ segments and listed REITs from our real estate segment.

^xx^ “Leasing expenses” include costs from the company’s sub-leasing activities.

^xxi^ “Share Based Plan” is the composition of two benefit programs: SOP (Stok Option Plan) and RSU (Restricted Stock Units). In Stock Option Plan the company concedes to an employee the option to buy stock in the company with stated fixed price. The Restricted Stock Units concedes company shares to an employee through a vesting plan in which RSUs are assigned a fair market value.

^xxii^ Non-recurring expenses for the second quarter of 2022 are composed by expenses related to professional services to matters related to M&A. For the six months ended June 30, 2022, non-recurring expenses include expenses related to professional services to matters related to our international corporate organization.

^xxiii^ 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. Dividends to partners distributed by the company to its original partners before turned public in 2021 are not included in actual taxable regime.

^xxiv^ AUM” refers to assets under management. Our assets under management equal the sum of: (1) the fair market value of the investments held by funds plus the capital that we are entitled to call from investors in those funds pursuant to the terms of their capital commitments to those funds (plus 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); (2) the net asset value of our public equity funds, hedge funds and closed-end mutual funds; and (3) the amount of capital raised for our credit funds. 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.

^xxv^ NAV is the net asset value of each fund. For listed vehicles, the NAV represents the Market valuation of the fund.

^xxvi^ Track record information is presented throughout this release on a pro forma basis and in local currency, excluding PIPE investments, a strategy that will be discontinued in VCP III.

^xxvii^ “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.

^xxviii^ “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.

^xxix^ Total commitments for VCP III include R$1.3 billion in co-investments. Track record presented for the VCP strategy as of 1Q’22, due to fund’s administrator timeline to disclose the quarterly markup of the fund.

^xxx^ Track record for VIR strategy is presented as of 1Q’22, due to fund’s administrator timeline to disclose the quarterly markup of the fund.

^xxxi^ Track record for FIP Infra is presented as of 2Q’22.

^xxxii^ Track record for VIAS is presented as of 2Q’22.

^xxxiii^ Track record for VFDL is presented as of 2Q’22.

^xxxiv^ US$ Distributable Earnings was calculated considering the exchange rate from USD to BRL of 5.1239 as of August 09, 2022, when dividends were approved by our Board of Directors.

^xxxv^ Per Share calculations are based on end of period Participating Common Shares.

^xxxvi^ Actual dividends per common share are calculated considering the share count as of the applicable record date.

^xxxvii^ The remaining capital committed in FIP Infra Transmissão co-investment will not be called by the fund, which is already in divestment period.

^xxxviii^ The remaining capital committed in FIP Infra Transmissão will not be called by the fund, which is already in divestment period.

Exhibit 99.3

Vinci Partners Investments Ltd.

Interim Financial Statements as of June 30, 2022


















Vinci Partners Investments Ltd.


Consolidated balance sheets

All amounts in thousands of reais

Assets Note 06/30/2022 12/31/2021
Current assets
Cash and cash equivalents 5(d) 57,780 102,569
Cash and bank deposits 5(d) 10,532 21,679
Financial instruments at fair value through profit or loss 5(d) 47,248 80,890
Financial instruments at fair value through profit or loss 5(c) 1,290,972 1,372,926
Accounts receivable 5(a) 45,324 44,316
Sub-leases receivable 10 1,500 -
Taxes recoverable 4,541 3,199
Other assets 6 10,689 4,193
Total current assets 1,410,806 1,527,203
Non-current assets
Financial instruments at fair value through profit or loss 5(c) 5,701 8,593
Accounts receivable 5(a) 20,042 19,368
Sub-leases receivable 10 1,960 -
Taxes recoverable 62 80
Deferred taxes 18 6,226 4,970
Other assets 6 1,543 2,011
35,534 35,022
Property and equipment 8 13,087 14,294
Right of use - Leases 10 60,632 69,329
Intangible assets 9 1,600 1,157
Total non-current assets 110,853 119,802
Total assets 1,521,659 1,647,005

The accompanying notes are an integral part of these interim consolidated financial statements.

F-2

Vinci Partners Investments Ltd.


Consolidated balance sheet

All amounts in thousands of reais

Liabilities and equity Note 06/30/2022 12/31/2021
Current liabilities
Trade payables 313 831
Deferred revenue 23 - -
Leases 10 and 5(e) 23,218 22,304
Accounts payable 11 6,941 10,677
Labor and social security obligations 12 44,038 106,299
Taxes and contributions payable 13 17,990 23,762
Total current liabilities 92,500 163,873
Non-current liabilities
Leases 10 and 5(e) 55,724 63,240
Labor and social security obligations 12 274 -
Deferred taxes 18 4,203 5,016
Total non-current liabilities 60,201 68,256
Total liabilities 152,701 232,129
Equity 14
Share capital 15 15
Additional paid-in capital 1,382,038 1,382,038
Treasury shares 14(f) (88,425 ) (52,585 )
Retained earnings 58,227 70,183
Other reserves 17,067 15,182
1,368,922 1,414,833
Non-controlling interests in the equity of subsidiaries 7 36 43
Total equity 1,368,958 1,414,876
Total liabilities and equity 1,521,659 1,647,005

The accompanying notes are an integral part of these interim consolidated financial statements.

F-3

Vinci Partners Investments Ltd.


Interim consolidated statement of income For the six and three-month period ended June 30, 2022 and 2021

All amounts in thousands of reais unless otherwise stated

Six months ended June 30 Three months ended June 30
Statements of Income Note 2022 2021 2022 2021
Net revenue from services rendered 15 193,844 226,640 99,769 119,780
General and administrative expenses 16 (107,847 ) (105,425 ) (53,886 ) (55,423 )
Operating profit 85,997 121,215 45,883 64,357
Finance income 17 37,679 21,313 14,687 14,243
Finance expenses 17 (8,522 ) (14,206 ) (2,461 ) (10,523 )
Finance profit/(loss), net 29,157 7,107 12,226 3,720
Profit before income taxes 115,154 128,322 58,109 68,077
Income taxes 18 (23,450 ) (27,903 ) (11,711 ) (14,671 )
Profit for the period 91,704 100,419 46,398 53,406
Attributable to the shareholders of the parent company 91,709 100,419 46,400 53,406
Attributable to non-controlling interests (5 ) - (2 ) -
Basic earnings per share in Brazilian Reais 1.62 1.85 0.82 0.94
Diluted earnings per share in Brazilian Reais 1.61 1.85 0.81 0.94

The accompanying notes are an integral part of these interim consolidated financial statements.

F-4

Vinci Partners Investments Ltd.


Interim consolidated statement of comprehensive income For the six and three-month period ended June 30, 2022 and 2021

All amounts in thousands of reais

Six months ended June 30 Three months ended June 30
2022 2021 2022 2021
Profit for the period 91,704 100,419 46,398 53,406
Other comprehensive income
Items that may be reclassified to profit or loss:
Foreign exchange variation of investee located abroad
Vinci Capital Partners GP Limited (11 ) (11 ) 27 (34 )
Vinci USA LLC (844 ) (1,101 ) 1,242 (1,948 )
Vinci Capital Partners F III GP Limited 4 (3 ) 33 (10 )
GGN GP LLC (8 ) (5 ) 11 (21 )
VICC Infra GP LLC 16 - 16
Total comprehensive income for the period 90,861 99,299 47,727 51,414
Attributable to:
Shareholders of the parent company 90,866 99,299 47,729 51,414
Non-controlling interests (5 ) - (2 ) -
90,861 99,299 47,727 51,414

The accompanying notes are an integral part of these interim consolidated financial statements.

F-5

Vinci Partners Investments Ltd.


Interim consolidated statement of changes in equity For the six months ended June 30

All amounts in thousands of reais

Share <br><br> capital Additional<br> paid-in capital Retained<br> earnings Other reserves Treasury<br> shares Total Non-controlling<br> interests Total <br><br> equity
At January 01, 2021 8,730 - - 10,491 - 19,221 15 19,236
Corporate reorganization 14(a) (8,719 ) 8,719 - - - - - -
Profit for the period - - 100,419 - - 100,419 - 100,419
Other comprehensive income:
Foreign exchange variation of investee located abroad 14(d) - - - (1,120 ) - (1,120 ) (5 ) (1,125 )
Capital increase 14(a) 4 1,392,370 - - 1,392,374 29 1,392,403
Share based payments 22 - - - 1,642 - 1,642 - 1,642
Treasury shares bought 14(f) - - - - (13,151 ) (13,151 ) - (13,151 )
Transaction costs from capital increase 14(b) - (18,056 ) - - - (18,056 ) - (18,056 )
At June 30, 2021 15 1,383,033 100,419 11,013 (13,151 ) 1,481,329 39 1,481,368
At January 01, 2022 15 1,382,038 70,183 15,182 (52,585 ) 1,414,833 43 1,414,876
Profit for the period - - 91,709 - - 91,709 (5 ) 91,704
Other comprehensive income:
Foreign exchange variation of investee located abroad 14(d) - - - (843 ) - (843 ) (2 ) (845 )
Share based payments 22 - - - 2,728 - 2,728 - 2,728
Treasury shares bought 14(f) - - - - (35,840 ) (35,840 ) - (35,840 )
Allocation of profit:
Dividends 14(e) - - (103,665 ) - - (103,665 ) - (103,665 )
At June 30, 2022 15 1,382,038 58,227 17,067 (88,425 ) 1,368,922 36 1,368,958

The accompanying notes are an integral part of these interim consolidated financial statements.

F-6

Vinci Partners Investments Ltd.


Interim consolidated statements of cash flows For the six months ended June 30

All amounts in thousands of reais unless otherwise stated

Six months ended June 30
2022 2021
Cash flows from operating activities
Profit before taxation 115,154 128,322
Adjustments to reconcile net income to cash flows from operations:
Depreciation and amortization 7,258 6,640
Investment income of financial instruments at fair value through profit or loss (31,941 ) (17,009 )
Share based payments 2,728 1,642
Financial result on lease agreements 4,661 6,121
97,860 125,716
Changes in assets and liabilities
Accounts receivables (1,682 ) (12,161 )
Taxes recoverable (1,324 ) 799
Other assets (6,028 ) 3,618
Trade payables (518 ) (694 )
Deferred revenue - -
Accounts payable 43 (685 )
Labor and social security obligations (*) (61,988 ) 12,685
Taxes and contributions payable (1,571 ) (375 )
(73,068 ) 3,187
Cash generated from operations 24,792 128,903
Income tax paid (29,603 ) (33,260 )
Net cash inflow from operating activities (4,811 ) 95,643
Cash flows from investing activities
Purchases of property and equipment and additions to intangible assets (1,160 ) (2,112 )
Purchase of financial instruments at fair value through profit or loss (69,856 ) (1,396,483 )
Sales of financial instruments at fair value through profit or loss 186,643 60,722
Net cash (outflow) from investing activities 115,627 (1,337,873 )
Cash flows from financing activities
Proceeds from the issuance of shares - 1,392,403
Transactions costs paid - (18,056 )
Treasury shares acquisition paid (37,062 ) (9,055 )
Lease payments, net of sublease received (11,358 ) (9,072 )
Dividends paid (104,153 ) (116,357 )
Net cash (outflow) from financing activities (152,573 ) 1,239,863
Net increase (decrease) in cash and cash equivalents (41,757 ) (2,367 )
Cash and cash equivalents at the beginning of the period 102,569 83,449
Foreign exchange variation of cash and cash equivalents in subsidiary abroad (3,032 ) (1,113 )
Cash and cash equivalents at the end of the period (Note 5d) 57,780 79,969

Non-cash financing activities

Dividends declared and not yet paid until June 30, 2022 and 2021 were R$ 4,363 (Note 11) and R$ 6,833, respectively.

(*) Since 2021 Vinci has changed its dividends distribution policy and implemented a profit-sharing scheme to its employees and personnel responsible for asset management services, increasing the payment in the first semester of 2022 when compared to previous year.

The accompanying notes are an integral part of these interim consolidated financial statements.

F-7

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

1 Operations

Vinci Partners Investments Ltd. is an exempted company incorporated in the Cayman Islands (referred to herein as "Entity", "Group" or "Vinci"). The Group started its activities in September 2009. Its objective is to hold investments in the capital of other companies as partner (shareholder). The investees are specialized in rendering alternative investment management, asset allocation and financial advisory services. The actual shareholders of the Entity are disclosed in Note 14.

The registered office of the Entity is at Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands.

Corporate reorganization

Prior to the consummation of the initial public offering, on January 15, 2021, the individual partners of Vinci Partners Investimentos Ltda. (“Vinci Investimentos”) contributed the entirety of their quotas into the Entity.

In return for this contribution the Entity issued (1) new Class B common shares to Gilberto Sayão da Silva and (2) new Class A common shares to all other shareholders of Vinci Investimentos in exchange for the quotas of Vinci Investimentos contributed to the Entity, or the Contribution, exchanging 1 quota into 4.77 common shares. Until the Contribution, the Entity did not commence operations and had only nominal assets and liabilities and no material contingent liabilities or commitments.

Initial Public Offering (IPO)

On January 28, 2021, Vinci announced the price of its public offering of the Class A common shares being offered 13,873,474 Class A common shares. Prior to this offering, there has been no public market for our Class A common shares. The initial public offering price per Class A common share was US$18.00.

The Class A common shares have been approved for listing on the Nasdaq Global Select Market, or Nasdaq, under the symbol "VINP." Vinci has two classes of common shares: Class A common shares and Class B common shares.

Class B common shares carry rights that are identical to the Class A common shares, except that (1) holders of Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote per share; (2) holders of Class B common shares may convert Class B common shares at any time into Class A common shares on a share-for-share basis; (3) holders of Class B common shares are entitled to preemptive rights in the event that additional Class A common shares are issued in order to maintain their proportional ownership interest; and (4) Class B common shares shall not be listed on any stock exchange and will not be publicly traded.

On February 1, 2021, Vinci announced the closing of its initial public offering. The net proceeds from the offering were US$ 232 million (R$ 1,266,926), after deducting underwriting discounts and commissions. The Class A common shares began trading on the Nasdaq Global Select Market on January 28, 2021, under the ticker symbol "VINP."

In connection with the offering, Vinci has granted the underwriters a 30-day option to purchase up to an additional 2,081,021 Class A common shares at the initial public offering price, less underwriting discounts and commissions. On February 8, 2021, Vinci received net proceeds of US$ 23 million (R$ 125,448) in respect of the additional 1,398,014 Class A common shares issued.

Vinci Partners Ltd used the net proceeds from the offering to fund investments in its own products alongside its investors. The Entity continues to pursue opportunities for strategic transactions and for other general corporate purposes.

F-8

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Impacts of the coronavirus pandemic (COVID-19)

The COVID-19 pandemic has resulted in the temporary or permanent closure of many businesses and has required adjustments in how many businesses operate. For example, certain funds in our real estate segment were impacted as a result of shopping mall closures in Brazil for some months during the pandemic. In addition, there is uncertainty surrounding real estate funds with concentrated investments in office space as the real estate market adjusts to shifts in office space demand in response to changes in economic activity and remote working arrangements. Significant market fluctuations driven by the COVID-19 pandemic have resulted in fluctuations in the fair value component of our Assets Under Management and could result in additional fluctuations in our Assets Under Management depending on the severity and extent of the ongoing crisis. However, despite the adverse impact, Vinci expanded its operations during the pandemic and increased its total assets, net revenue, profits and did not record any impairment in 2022 and 2021 as result of COVID-19.

Brazil is at an advanced stage of vaccination, which generates security that new waves of contagion have a smaller impact on the economy.

Impacts of the conflict between Russia and Ukraine

As a result of the current geopolitical tensions and conflict between Russia and Ukraine, the governments of the United States, the European Union, Japan and other jurisdictions have announced the imposition of sanctions on certain industry sectors and parties in Russia, as well as enhanced export controls on certain products and industries. Geopolitical instability adversely arising from such conflict (including additional conflicts that could arise from such conflict), the imposition of sanctions, taxes and/or tariffs against Russia and Russia’s response to such sanctions could adversely affect the global economy or specific international, regional and domestic markets, including the Brazilian market.

As of June 30, 2022, the consequences of such conflict have not adversely impacted Vinci’s operations.

2 Summary of significant accounting policies
2.1 Basis of preparation and presentation
--- ---

The unaudited interim condensed consolidated financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting as issued by the International Accounting Standards Board (“IASB”).

The unaudited interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Group’s annual consolidated financial statements as of December 31, 2021.

The accounting policies adopted are consistent with those of the previous financial year and corresponding interim reporting period.

The unaudited interim condensed consolidated financial statements are presented in Brazilian reais (“R$”), and all amounts disclosed in the financial statements and notes have been rounded off to the nearest thousand currency units unless otherwise stated.

The issuance of these financial statements was authorized by the Entity's management on August 09, 2022.

(a) Interim consolidated financial statements
F-9

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Vinci operates as an asset management firm. The Group focuses on private markets, liquid strategies, financial advisory, and investment products and solutions, which comprise the main activity of the Group.

The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity.

Also, the Entity holds interest in subsidiaries whose main purpose and activities are providing services that relate to the Entity’s activities. Therefore, the Entity consolidates these subsidiaries.

Ownership interest in subsidiaries on June 30, 2022 and December 31, 2021 are as follows:

Interest - %
06/30/2022 12/31/2021
Direct subsidiaries
Vinci Partners Investimentos Ltda. (1) 100 100
Vinci Assessoria financeira Ltda. (2) 100 100
Vinci Equities Gestora de Recursos Ltda. (2) 100 100
Vinci Gestora de Recursos Ltda. (2) 100 100
Vinci Capital Gestora de Recursos Ltda. (2) 100 100
Vinci Soluções de Investimentos Ltda. (3) 100 100
Vinci Real Estate Gestora de Recursos Ltda. (2) 100 100
Vinci Capital Partners GP Limited. 100 100
Vinci USA LLC 100 100
Vinci GGN Gestão de Recursos Ltda. (2) 100 100
Vinci Infraestrutura Gestora de Recursos Ltda. 100 100
Vinci Capital Partners GP III Limited. 100 100
GGN GP LLC 100 100
Amalfi Empreendimentos e Participações Ltda. 100 100
Vinci APM Ltda. (2) 100 100
Vinci Monalisa FIM Crédito Privado IE (4) 100 100
Vinci Asset Allocation Ltda. 75 65
VICC Infra GP LLC 100 -
Vinci Capital Partners IV GP LLC 100 -
Vinci Holding Securitária Ltda. 85 -
(1) Prior to the consummation of the initial public offering, on January 15, 2021, the consolidated financial statements were prepared<br>on behalf of Vinci Partners Investimentos Ltda.
--- ---
(2) Minority interest represents less than 0.001%.
--- ---
(3) On February 18, 2021, Vinci Gestão de Patrimônio Ltda changed its name to Vinci Soluções de Investimentos<br>Ltda. Minority interest represents less than 0.001%.
--- ---
(4) Under the terms of IFRS10, the Entity does not consolidate its<br>investment in Vinci Monalisa FIM Crédito Privado IE and measures at fair value through profit or loss in accordance with IFRS<br>9.
--- ---

Subsidiaries are all entities (including structured entities) over which the Group has control. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases.

Inter-company transactions, balances and unrealized gains on transactions between Group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.

F-10

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated balance sheet respectively.

The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in another reserve within equity attributable to owners of Entity.

When the Group ceases to consolidate an investment or account for it under equity method because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss.

2.2 Segment reporting

During January 2021, the members of the Board of Directors of Vinci Partners Investments Ltd were appointed. Under the supervision of the Board of Directors, the CEO is responsible for the decision-making process related to executive themes, resources allocation and strategic decisions of Vinci.

The strategic decisions of the Group comprise five distinct business segments: (i) Private market strategies, (ii) Liquid strategies, (iii) Investment products and solutions, (iv) Financial advisory; and (v) Retirement services (Note 20).

In 2022, a new segment Vinci Retirement Services was created in order to assist investors to achieve retirement goals with long-term investment portfolios.

Strategies were sorted out within business segments following technical and strategic similarities among funds’ attributes, such as management and performance fee structures, liquidity constraints, targeted returns and investor profile.

3 Accounting estimates and judgments

The Entity makes estimates and assumptions concerning the future, based on historical experience and other factors, including expectations of future events. The resulting accounting estimates will, by definition, seldom equal the related actual results. The main estimates and assumptions made by the Entity comprises the allowance of expected credit losses of accounts receivable, provision for profit sharing, consolidation of subsidiaries, and the fair value measurement of financial assets.

4 Financial risk management

The main risks related to the financial instruments are credit risk, market risk, and liquidity risk, as defined below: The management of such risks involves various levels in the Entity and comprehends a number of policies and strategies. The Group's risk management focuses on the unpredictability of financial markets and seeks to mitigate potential adverse impacts on the Group's financial performance.

F-11

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

4.1 Financial risk factors

This note explains the Group's exposure to financial risks and how these risks could affect the Group's future financial performance. Current year profit and loss information has been included where relevant to add further context.

The Group's risk management is predominantly controlled by a risk assessment department under process and controls approved by the management. The management provides written process and controls for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

(a) Credit risk

Credit risk arises from cash and cash equivalents, contractual cash flows of debt investments carried at amortized cost, at fair value through profit or loss (FVTPL), and deposits with banks and financial institutions, as well as credit exposures to wholesale and retail customers, including outstanding receivables.

(i) Risk management

Vinci's treasury manages credit risk on a group basis. As of June 31, 2022, and 2021 the expected credit losses are considered immaterial due to the short maturities of the deposits and the credit quality of the counterparty, which have a credit rating AAA evaluated by Fitch Ratings. The Entity has not suffered any losses from cash and cash equivalent since inception. Vinci's treasury review expected credit losses on a regular basis.

(ii) Impairment of financial assets

The group has the following types of financial assets that are subject to the expected credit loss model:

> accounts receivable

> debt investments carried at amortized cost

While cash and cash equivalents are also subject to the impairment requirements of IFRS 9, there was no identified impairment loss.

(b) Market risk

(i) Foreign exchange risk

At the reporting date, the carrying amount value of the Group’s financial assets and liabilities held in US Dollars were as follows:

F-12

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Balance sheet 06/30/2022 12/31/2021
Cash and cash equivalents 10,517 20,990
Accounts receivable 9,944 9,477
Other receivables 14,590 15,411
Current assets 35,051 45,878
Leases, property and equipment 2,878 3,216
Non-current assets 2,878 3,216
Trade payables 668 2,011
Labor and social security obligations 1,935 9,521
Current liabilities 2,603 11,532
Payables to related parties 541 282
Lease 2,442 3,104
Non-current liabilities 2,983 3,386
Net Equity 32,343 34,176

The aggregate net foreign exchange gains/losses recognized in profit or loss were:

Six months ended June 30 Three months ended June 30
Net foreign exchange result for the period 2022 2021 2022 2021
Financial revenue 2,086 1,061 444 81
Financial expense (2,986 ) (2,270 ) - (2,233 )
Net foreign exchange result, net (900 ) (1,209 ) 444 (2,152 )

The group operates internationally and is exposed to foreign exchange risk, exclusively the US dollar.

Foreign exchange risk arises from future commercial transactions and recognized assets and liabilities denominated in a currency that is not the functional currency of the Group.

(ii) interest rate risk

The Group's profit or loss is sensitive to higher/lower interest income from cash equivalents and fixed income funds as a result of changes in interest rates.

(iii) Price risk

The Group's exposure to investment securities price risk arises from investments held by the group and classified in the

F-13

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

balance sheet at fair value through profit or loss (note 5).

To manage its price risk arising from investments in investment securities, the group diversifies its portfolio. Diversification of the portfolio is done in accordance with the limits set by the Group.

The majority of the Group's financial investments that are exposed to significant price risk are the private equity investments and investments held by Monalisa FIM. Note 5(d) demonstrates the sensitivity analyses of impact for the assets held by the Group.

(c) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions. At the end of the reporting period the Group held bank deposits and certificates of deposits of R$ 57,780 (12/31/2021 – R$ 102,569) that are expected to readily generate cash inflows for managing liquidity risk.

Net debt reconciliation

This section sets out an analysis of the liquidity of the Group.

06/30/2022 12/31/2021
Cash and cash equivalents 57,780 102,569
Financial instruments at fair value through profit or loss (i) 1,290,972 1,372,926
Trade payables (313 ) (831 )
Labor and social security obligations (44,312 ) (106,299 )
Accounts payable (6,941 ) (10,677 )
Lease liabilities (78,942 ) (85,544 )
Total 1,218,244 1,272,144
(i) Comprised of liquid and illiquid investments. Liquid investments are current assets that are traded in<br>an active market. Illiquid investments are comprised of assets that trade infrequently.
--- ---
Financial liabilities Other assets
--- --- --- --- --- --- --- --- --- --- --- --- ---
Payables Lease liabilities Cash and cash equivalents Financial instruments at fair value through profit or loss
Net debt as at
December 31, 2020 (167,591 ) (106,199 ) 83,449 8,253
Cash flow 49,784 21,790 15,999 1,340,393
Fair value adjustment - - 3,121 24,280
Addition and finance expenses accrual - (823 ) - -
Foreign exchange adjustments - - - -
Other changes (ii) - (312 ) - -
December 31, 2021 (117,807 ) (85,544 ) 102,569 1,372,926
Cash flow 66,241 12,154 (47,356 ) (114,073 )
Fair value adjustment - - 2,567 32,129
Addition and finance expenses accrual - (5,697 ) - -
Foreign exchange adjustments - - - -
Other changes (ii) - 145 - -
June 30, 2022 (51,566 ) (78,942 ) 57,780 1,290,972
F-14

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(ii) Other changes include non-cash movements, including Cumulative Translation Adjustments (“CTA”) which will be presented as in other comprehensive income statements.

Maturities of financial liabilities

The tables below analyze the Group's financial liabilities into relevant maturity groupings based on their contractual maturities for significant financial liabilities.

Contractual maturities of<br> financial liabilities <br> at June 30, 2022 Less than 1 year Between 1 and 3 years Over 3 years Total Carrying amount
Trade payables (313 ) - - (313 ) (313 )
Labor and social security obligations (44,038 ) (274 ) - (44,312 ) (44,312 )
Lease liabilities (23,218 ) (39,552 ) (47,513 ) (110,283 ) (78,942 )
Accounts payable (6,941 ) - - (6,941 ) (6,941 )
Total (74,510 ) (39,826 ) (47,513 ) (161,849 ) (130,508 )
Contractual maturities of<br> financial liabilities <br> at December 31, 2021 Less than 1 year Between 1 and 3 years Over 3 years Total Carrying amount
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Trade payables (831 ) - - (831 ) (831 )
Labor and social security obligations (106,299 ) - - (106,299 ) (106,299 )
Lease liabilities (22,304 ) (41,452 ) (57,008 ) (120,764 ) (85,544 )
Accounts payable (10,677 ) - - (10,677 ) (10,677 )
Total (140,111 ) (41,452 ) (57,008 ) (238,571 ) (203,351 )
(d) Sensitivity analysis
--- ---

The Group monitors and evaluates the market risk related to its financial investments portfolio periodically to assess its volatility, through changes that can significantly impact its financial results. Considering a period of one day and the historical results over the past year, the following Value at Risk (VAR) parameters were used:

0.25% (or R$ 3.3 million) of the financial investment portfolio for a confidence interval of 95% on June<br>30, 2022 (0.16% or R$ 2.26 million on December 31, 2021).
0.31% (or R$ 4.2 million) of the financial investment portfolio for a confidence interval of 99% on June<br>30, 2022 (0.23% or R$ 3.31 million on December 31, 2021).
--- ---

Additionally, the Group evaluated the financial investment portfolio on June 30, 2022 and December 31, 2021, through stress scenarios according to the main risk factors related to its investments, as presented in the table below:

Financial Impact (**)
Risk Factor Variation in Stress Scenario (*) 06/30/2022 12/31/2021
Current inflation Inflation index -100bps 12.8 15.3
Exchange traded real estate funds Share prices -10% (31.6) (10.9)
Brazilian stock prices Share prices -10% (4.1) (7.4)
Fixed-rate offshore rates US yield curve -100bps (4.8) (7.7)
Foreign exchange rate Foreign exchange rates 10% (***) 2.5 5.0
Domestic base overnight rate Domestic base overnight rate -100bps (5.2) (8.0)
F-15

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(*) bps - basis point (1bps = 0,01%)

(**) In millions of Brazilian reais

(***) Brazilian reais devaluation against US Dollars

An equal change in the opposite direction of the stress scenario would have affected the financial investment portfolio by a similar amount, on the basis that all other variables remain constant.

5 Financial instruments

This note provides information about the group's financial instruments, including:

  • an overview of all financial instruments held by the Group

  • specific information about each type of financial instrument

  • accounting policies

  • information about determining the fair value of the instruments, including judgements and estimation uncertainty involved.

The Group classifies its financial assets in the following measurement categories:

those measured at fair value or through profit or loss, and
those measured at amortized cost.
--- ---

The classification depends on the entity's business model for managing the financial assets and the contractual terms of the cash flows.

For assets measured at fair value, gains and losses will be recorded in profit or loss.

Recognition and derecognition

Regular way purchases and sales of financial assets are recognized on trade date, being the date on which the group commits to purchase or sell the asset. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the group has transferred substantially all the risks and rewards of ownership.

Measurement

At initial recognition, the group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss.

The Group holds the following financial instruments:

F-16

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Financial assets Section 06/30/2022 12/31/2021
Accounts receivable (a) 65,366 63,684
Other financial assets at amortized cost (b) 2,103 638
Cash and cash equivalents (d) 57,780 102,569
Financial assets at fair value through profit or loss (FVPL) (c) 1,296,673 1,381,519
1,421,922 1,548,410
Financial liabilities
Liabilities at amortized cost (e) 51,566 117,807
Lease liabilities (e) 78,942 85,544
130,508 203,351

The Group's exposure to risks associated with the financial instruments is discussed in note 4. The maximum exposure to credit risk at the end of the reporting period is the carrying amount of each class of financial assets mentioned above.

a) Accounts receivable
Current assets 06/30/2022 12/31/2021
--- --- --- --- --- --- ---
Accounts receivable from contracts with customers 45,494 44,486
Loss allowance (170 ) (170 )
Non-current assets
Accounts receivable from contracts with customers 20,042 19,368
65,366 63,684

Accounts receivables are recognized initially at the amount of consideration that is unconditional and are not submitted to any financial components. They are subsequently measured at amortized cost, less loss allowance.

Current accounts receivable are amounts due from customers for services performed in the ordinary course of business. They are generally due for settlement within 30 days and are therefore all classified as current. Due to the short-term nature of the current receivables, their carrying amount is considered to be the same as their fair value.

Non-current accounts receivable are unrealized performance fees that management, with accumulated experience, estimate that it is highly probable that a significant reversal will not occur.

The Entity uses a provision matrix to calculate expected credit losses and the exposure to credit risk from receivables are reviewed on a regular basis. Accounts receivable allowance are presented in general and administrative expense.

The loss allowances for accounts receivable as of June 30, 2022 and December 31, 2021 reconcile to the opening loss allowances as follows:

06/30/2022 12/31/2021
Opening loss allowance on January 1 (170 ) (149 )
Increase in accounts receivable allowance recognized in profit or loss - (21 )
Closing loss allowance on June 30 / December 31 (170 ) (170 )

Accounts receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, among others, the failure of a debtor to engage in a repayment plan with the group, and a failure to make contractual payments. The Entity has not written any amount of accounts receivable during 2022 and 2021. Subsequent recoveries of amounts previously written off are credited against the same line item.

F-17

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

b) Other financial assets at amortized cost

Financial assets at amortized cost include the following debt instruments:

06/30/2022 12/31/2021
Prepayments to employees (Note 6 (i)) 2,103 638

These amounts generally arise from transactions outside the usual operating activities of the group. Interest is charged at commercial rates and collateral is not normally obtained.

All the financial assets at amortized cost are denominated in Brazilian currency units. As a result, there is no exposure to foreign currency risk. There is also no exposure to price risk as the investments will be held to maturity.

See note 6 for more details.

c) Financial assets at fair value through profit or loss

The group classifies the following financial assets at fair value through profit or loss (FVPL):

- Mutual funds;
- Private markets funds.
--- ---

Financial assets measured at FVPL include the following categories:

06/30/2022 12/31/2021
Current assets 1,290,972 1,372,926
Mutual funds 1,290,972 1,372,926
Non-current assets 5,701 8,593
Private markets funds 5,701 8,593

The following tables demonstrate the funds invested included in each category mentioned above.

Mutual funds
06/30/2022 12/31/2021
Vinci Monalisa FIM Crédito Privado IE (1) 1,262,077 1,233,828
Vinci Multiestratégia FIM 10,292 109,717
Vinci International Master Portfolio SPC - Reflation SP 11,876 11,161
FI Vinci Renda Fixa CP 6,727 18,220
1,290,972 1,372,926
Private markets
--- --- --- --- ---
06/30/2022 12/31/2021
Vinci Capital Partners III Feeder FIP Multiestratégia 2,940 1,891
Nordeste III FIP Multiestratégia 2,761 2,848
Vinci Infra Transmissão FIP - Infraestrutura (i) - 3,854
Total Private markets funds 5,701 8,593
1) Vinci Monalisa FIM Crédito Privado IE (“Vinci Monalisa”) is a mutual fund incorporated<br>in Brazil and wholly owned by the Company. Vinci Monalisa’s balances are the following:
--- ---
F-18

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

06/30/2022 12/31/2021
Net Asset Value 1,262,077 1,233,828
Real estate funds 210,870 137,519
Mutual funds 981,666 1,080,108
Private equity funds 54,172 18,768
Other assets/liabilities 15,369 (2,567 )

The Vinci Monalisa’s portfolio is comprised of liquid and illiquid investee funds with different redemption criteria. Over 93% of its investments are liquid and may be redeemed and 7% are non-redeemable investments. The following tables demonstrate the funds invested by Vinci Monalisa:

Mutual funds

Vinci Monalisa holds investments in several mutual funds to seek profitability through investments in various classes of financial assets such as fixed income assets, Brazilian government bonds, public equities, derivatives financial instruments, investment funds and other short-term liquid securities. As of June 30, 2022, and December 31, 2021, Vinci Monalisa holds R$ 981,666 and R$ 1,080,108 of investments in mutual funds, respectively, which are distributed in the following classification:

06/30/2022 12/31/2021
Mutual Funds’ classification
Interest and foreign Exchange (a) 58.08 % 46.20 %
Multistrategy (b) 35.27 % 46.69 %
Foreign investments (c) 4.47 % 5.23 %
Macro (d) 2.18 % 1.88 %
100 % 100.00 %
(a) Funds that seek long-term returns via investments in fixed-income assets, admitting strategies that imply interest risk, price index<br>risk and foreign currency risk.
--- ---
(b) Funds without commitment to concentration in any specific strategy.
--- ---
(c) Funds that invest in financial assets abroad in a portion greater than 40% of their net asset values.
--- ---
(d) Funds that operate in various asset classes (fixed income, variable<br>income, foreign exchange, etc.), with investment strategies based on medium and long-term macroeconomic scenarios.
--- ---
Real Estate funds
--- --- --- --- ---
06/30/2022 12/31/2021
Vinci Credit Securities FII (i) 79,055 -
Vinci Imóveis Urbanos FII (ii) 48,294 52,537
Vinci Offices FII (iii) 40,016 -
Other real estate funds (iv) 43,505 84,982
210,870 137,519

(i) The fund invests in real estate receivable certificates, bonds and other real estate assets;

(ii) The fund’s investment strategy is to acquire properties in the retail, general markets, health and education sectors located in large urban centers that, in the Manager's view, generate long-term value;

(iii) The fund invests in controlling corporate buildings, mostly leased, which, in the Manager's view, generate value for the properties.

(iv) Comprised of funds that allocate their capital in diversified portfolios of shares of real estate funds, real estate receivable certificates, bonds, securities and other real estate assets.

F-19

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Private markets funds
06/30/2022 12/31/2021
Vinci Impacto Ret IV FIP Multiestratégia 2,830 2,042
Vinci Infra Coinvestimento I FIP - Infraestrutura (i) 12,597 13,446
Vinci Infra Água e Saneamento Strategy FIP - Infraestrutura 27,009 1,023
Other funds 11,736 2,257
Total private markets funds 54,172 18,768

(i) Fund focused on the acquisition of shares, share bonuses subscriptions, debentures convertible or not into shares, or other securities issued by publicly-held, publicly-traded or private corporations that develop new projects of infrastructure in the development sector and operations of electric power transmission lines, participating in the decision-making process of the investee, with effective influence. In 2021, the fund sold its investment in Linhas de Energia do Sertão Transmissora S.A. ("LEST"). As of June 30, 2022 and December 31, 2021, the fund held investment in Água Vermelha Transmissora de Energia S.A.

During the period, the following gains were recognized in profit or loss:

Six months ended June 30 Three months ended June 30
2022 2021 2022 2021
Fair value gains on investments at FVPL recognized in finance income 34,521 14,604 13,982 8,946
d) Cash and cash equivalents
--- ---
Current assets 06/30/2022 12/31/2021
--- --- --- --- ---
Cash and bank deposits 10,532 21,679
Certificate of deposit (i) 47,248 80,890
57,780 102,569

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, bank deposits held at financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

(i) Comprises certificates of deposits issued by Banco Bradesco (credit rating AAA evaluated by Fitch Ratings) with interest rates variable from 99.50% to 100.50% of CDI (interbank deposit rate). The certificates are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

e) Financial liabilities
06/30/2022 12/31/2021
--- --- --- --- ---
Current 74,510 140,111
Trade payables 313 831
Labor and social security obligations (Note 12) 44,038 106,299
Lease liabilities 23,218 22,304
Accounts payable (Note 11) 6,941 10,677
Non-current 55,998 63,240
Lease liabilities 55,724 63,240
Labor and social security obligations (Note 12) 274 -
130,508 203,351
F-20

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(a) Fair value hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are recognized and measured at fair value through profit or loss in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the group has classified its financial instruments into the three levels prescribed under the accounting standards. An explanation of each level follows underneath the table.

On June 30, 2022
Recurring fair value measurements Level 1 Level 2 Level 3 Total
Financial Assets
Certificate of deposits - 47,248 - 47,248
Mutual funds - 1,290,972 - 1,290,972
Private equity funds - - 5,701 5,701
Total Financial Assets - 1,338,220 5,701 1,343,921
On December 31, 2021
--- --- --- --- --- --- --- --- ---
Recurring fair value measurements Level 1 Level 2 Level 3 Total
Financial Assets
Certificate of deposits - 80,890 - 80,890
Mutual funds - 1,372,926 - 1,372,926
Private equity funds - - 8,593 8,593
Total Financial Assets - 1,453,816 8,593 1,462,409

Level 1: The fair value of financial instruments traded in active markets (such as publicly traded real estate funds) is based on quoted market prices at the end of the reporting period. The quoted market price used for financial assets held by the group is the current bid price. These instruments are included in level 1.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Vinci Monalisa is a financial instrument classified as level 2. Its portfolio is comprised of items that could be classified as level 1, level 2 and level 3, in the amount of R$ 182,973, R$ 988,377 and R$ 97,677, respectively (2021: R$ 57,006, R$ 1,080,108 and R$ 96,714, respectively).

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities.

(b) Valuation techniques used to determine fair values

Specific valuation techniques used to value financial instruments include:

  • the use of quoted market prices

  • for level 3 financial instruments – discounted cash flow analysis.

All non-listed assets fair value estimates are included in level 2, except for private equity funds, where the fair values have been determined based on fair value appraisals for fund's investments, performed by the fund's management (Vinci Capital and Vinci Infra) or a third party hired by the Administration. The most part of the level 3 financial instruments

F-21

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

evaluation uses discount cash flows techniques to evaluate the fair value of the Fund's investments. The appraisals performed by a third party are reviewed by Vinci or its subsidiaries (fund's management).

(c) Fair value measurements using significant unobservable inputs(level 3)

The following table presents the changes in level 3 items for the period/year ended June 30, 2022 and December 31, 2021:

Fair Value
Opening balance January 1, 2021 31,596
Capital deployment 932
Transfer (a) (22,746 )
Sales and distributions (3,481 )
Gain recognized in finance income 2,292
Closing balance December 31, 2021 8,593
Capital deployment 949
Sales and distributions (b) (3,680 )
Gain recognized in finance income (161 )
Closing balance June 30, 2022 5,701

(a) In 2021, Vinci Impacto Ret IV FIP Multiestratégia and Vinci Infra Coinvestimento I FIP - Infraestrutura were transferred to Vinci Monalisa.

(b) In 2022, Vinci Infra Transmissão FIP – Infraestrutura was transferred to Vinci Monalisa.

F-22

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(d) Valuation inputs and relationships to fair value

The following table summarizes the quantitative information about the significant unobservable inputs used in level 3 fair value measurements:

Description Fair value at Valuation Technique Unobservable inputs Reasonable possible shift +/-
06/30/2022 12/31/2021 2022 Gain / (Losses) 2021 Gain / (Losses) Possible shift in Gain and losses
Vinci Infra Coinvestimento I FIP –<br> Infraestrutura (a) - - Discounted cash flow Discount rate 0.5% / 1% - 559 -
Vinci Infra Transmissão FIP –<br> Infraestrutura (b) - 3,854 Discounted cash flow Discount rate 0.5% / 1% (277) 703 In 2021, lower discount rate in 50 basis<br> points would increase fair value by R$ 1,272 and higher discount rate in 100 basis points would decrease fair value by R$ 1,411.
Nordeste III FIP Multiestratégia 2,761 2,848 Discounted cash flow Discount rate 0.5% / 1% - 497 Lower discount rate in 50 basis points would increase fair value by R$<br> 28 (R$ 28 - 2021) and higher discount rate in 100 basis points would decrease fair value by R$ 55 (R$ 57)
Others 2,940 1,891 NAV Valuation NAV 1% / 2% 116 533 Increased<br> NAV in 100 basis points would increase fair value by R$ 29 (R$ 19 – 2021) and lower NAV in 200 basis points would decrease<br> fair value by R$ 59 (R$ 38 – 2021)

(a) In 2021, Vinci Infra Coinvestimento I FIP - Infraestrutura was transferred to Vinci Monalisa.

(b) In 2022, Vinci Infra Transmissão FIP - Infraestrutura was transferred to Vinci Monalisa.

F-23

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

6 Other assets
06/30/2022 12/31/2021
--- --- --- --- ---
Prepayments to employees (i) 2,103 638
Sundry advances 154 288
Advances to projects in progress (ii) 7,465 2,784
Other prepayments 1,015 365
Related parties receivables (iii) 222 265
Guarantee deposits (iv) 1,105 1,525
Sublease receivables 100 252
Others 68 87
12,232 6,204
Current 10,689 4,193
Non-current 1,543 2,011
12,232 6,204
(i) Refers to amounts receivable from employees, in which the amount is carried at cost plus acrrued interest<br>rate of the Interbank Deposit Certificate (CDI).
--- ---
(ii) Refers to costs incurred by projects related to funds administered by Vinci, that are initially paid by<br>the Group and subsequently reimbursed.
--- ---
(iii) Refers to an intercompany transaction. See note 19 for more details.
--- ---
(iv) Refers to the security deposit of a lease.
--- ---
F-24

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

7 Investments
(a) Non-controlling interests (NCI)
--- ---

Set out below is summarized financial information for each subsidiary that has non-controlling interests that are material to the group. The amounts disclosed for each subsidiary are before inter-company eliminations.

Vinci<br> Int'l Real Estate Vinci<br> Asset Allocation Total
06/30/2022 12/31/2021 06/30/2022 12/31/2021 06/30/2022 12/31/2021
Summarized Balance Sheet
Current assets 631 575 - - 631 575
Current liabilities (466 ) (401 ) (9 ) - (475 ) (401 )
Current net assets 165 174 (9 ) - 156 174
Non-current assets - - 180 - 180 -
Non-current liabilities - - (191 ) - (191 ) -
Non-current net assets - - (11 ) - (11 ) -
Net assets 165 174 (20 ) - 145 174
Accumulated NCI 41 43 (5 ) - 36 43
Summarized statement Vinci<br> Int'l Real Estate Vinci<br> Asset Allocation Total
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
of comprehensive income 06/30/2022 06/30/2021 06/30/2022 06/30/2021 06/30/2022 06/30/2021
Revenue 90 90 - - 90 90
Profit for the period 1 - (20 ) - (19 ) -
Other comprehensive income - - - - - -
Total comprehensive income 1 - (20 ) - (19 ) -
Profit allocated<br> to NCI before dividends - - (5 ) - (5 ) -
Disproportionate dividends distributions - - - - - -
Profit/(loss) allocated<br> to NCI - - (5 ) - (5 ) -
F-25

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

8 Property and equipment
06/30/2022
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Furniture<br> <br><br> <br>and fittings<br> <br><br> <br>stuffs Improvements in properties<br> <br><br> <br>of third<br> <br><br> <br>parties Computers<br> <br><br> <br>and peripherals -<br> <br><br> <br>improvements Equipaments<br> <br><br> <br>and tools Work of arts and others Total
Cost
At January 1, 2022 11,620 49,024 6,379 10,532 789 78,344
Acquisitions 98 135 298 51 - 582
Foreign Exchange variations of property and equipment abroad - (1,306 ) - (374 ) - (1,680 )
At June 30, 2022 11,718 47,853 6,677 10,209 789 77,246
Accumulated depreciation <br> At January 1, 2022 (7,644 ) (41,389 ) (5,323 ) (9,694 ) - (64,050 )
Annual depreciation (423 ) (1,079 ) (157 ) (98 ) - (1,757 )
Foreign Exchange variations of property and equipment<br> abroad - 1,290 - 358 - 1,648
At June 30, 2022 (8,067 ) (41,178 ) (5,480 ) (9,434 ) - (64,159 )
Net book value
At January 1, 2022 3,976 7,635 1,056 838 789 14,294
At June 30, 2022 3,651 6,675 1,197 775 789 13,087
Annual depreciation rate - % 10 From 10 to 20 20 10

Extension options in office leases have not been included in the lease liability, because the Group could replace the assets without significant cost or business disruption.

F-26

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

06/30/2021
Furniture<br> <br><br> <br>and fittings<br> <br><br> <br>stuffs Improvements in properties<br> <br><br> <br>of third<br> <br><br> <br>parties Computers<br> <br><br> <br>and peripherals -<br> <br><br> <br>improvements Equipaments<br> <br><br> <br>and tools Work of arts and others Total
Cost
At January 1, 2021 9,003 42,534 5,560 8,459 785 66,341
Aquisitions 883 - 62 82 500 1,527
Foreign Exchange variations of property and equipment abroad - 5,426 - 1,575 - 7,001
At June 30, 2021 9,886 47,960 5,622 10,116 1,285 74,869
Accumulated depreciation<br> At January 1, 2021 (6,008 ) (31,751 ) (4,913 ) (7,257 ) - (49,929 )
Annual depreciation (379 ) (684 ) (186 ) (503 ) - (1,752 )
Foreign Exchange variations of property and equipment<br> abroad - (5,435 ) - (1,468 ) - (6,903 )
At June 31, 2021 (6,387 ) (37,870 ) (5,099 ) (9,228 ) - (58,584 )
Net book value
At January 1, 2021 2,995 10,783 647 1,202 785 16,412
At June 30, 2021 3,499 10,090 523 888 1,285 16,285
Annual depreciation rate - % 10 From 10 to 20 20 10
F-27

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

9 Intangible assets

Intangible assets include expenditures with the development of the software product for Risk System and Portfolio Allocation, whose purpose is to evaluate the risk of the funds and to allocate the clients' portfolio.

Economic benefits will flow to the Group from the service fees charged to the clients for the sale of advisory services on market risks or through a service which the Vinci's managers named Wealth Management.

The Entity assesses at each reporting date whether there is an indication that an intangible asset may be impaired. If any indication exists, the Entity estimates the asset's recoverable amount. There were no indications of impairment of intangible assets for the period ended June 30, 2022 and year ended December 31, 2021.

06/30/2022
Software development Placement Agent (*) Total
Cost
At January 1, 2022 24,790 - 24,790
Purchases 391 187 578
Foreign exchange variation of intangible assets abroad (357 ) 9 (348 )
At June 30, 2022 24,824 196 25,020
Accumulated amortization
At January 1, 2022 (23,633 ) - (23,633 )
Annual amortization (320 ) - (320 )
Foreign exchange variation of intangible assets abroad 533 - 533
At June 30, 2022 (23,420 ) - (23,420 )
At January 1, 2022 1,157 - 1,157
At June 30, 2022 1,404 196 1,600
Amortization rate (per year) - % 20 % (*)

(*) Refers to amounts capitalized relating to agreements with investments placement agents relating to funds raised from foreign investor in offshore funds. These amounts are amortized based on the estimated duration of the related funds. In case of an early liquidation of the funds, the amortization period is adjusted, or if there is an indication of impairment, an impairment evaluation is performed and recognized, if necessary.

F-28

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

06/30/2021
Software development Total
Cost
At January 1, 2021 23,723 23,723
Purchases 142 142
Foreign exchange variation of intangible assets abroad (303 ) (303 )
At June 30, 2021 23,562 23,562
Accumulated amortization
At January 1, 2021 (22,282 ) (22,282 )
Annual amortization (414 ) (414 )
Foreign exchange variation of intangible assets abroad 295 295
At June 30, 2021 (22,401 ) (22,401 )
At January 1, 2021 1,441 1,441
At June 30, 2021 1,161 1,161
Amortization rate (per year) - % 20 %
F-29

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

10 Leases

This note provides information for leases where the Group is a lessee. The notes also provide the information of subleases agreements where the Group is a lessor, once part of the assets leased by the Group is subleased to third parties.

(i) Amount recognized in the balance sheet

The balance sheet shows the following amounts relating to leases:

06/30/2022 12/31/2021
Sub-lease receivable
Rio de Janeiro Office - BM 336 3,460 -
Total 3,460 -
Current 1,500 -
Non-current 1,960 -
Total 3,460 -
Right of use assets
Rio de Janeiro Office - BM 336 54,931 61,907
São Paulo Office – JRA 3,573 4,700
NY Office - third Avenue 2,128 2,722
Total 60,632 69,329
Lease liabilities
Rio de Janeiro Office - BM 336 (72,088 ) (76,996 )
São Paulo Office – JRA (4,412 ) (5,444 )
NY Office - third Avenue (2,442 ) (3,104 )
Total (78,942 ) (85,544 )
Current (23,218 ) (22,304 )
Non-current (55,724 ) (63,240 )
Total (78,942 ) (85,544 )

Vinci and its direct subsidiaries did not have any rent concessions or modifications on their lease contracts as a direct consequence of the Covid-19. Therefore, the amendment to IFRS 16 issued by The International Accounting Standards Board (“IASB”) does not apply to the Entity.

Additions to the right-of-use assets until June, 30 2022 were R$ 825 (deductions of R$ 11,555 during 2021 financial year).

F-30

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(ii) Amount recorded in the statement of profit or loss

The statement of profit or loss shows the following amounts relating to leases:

Six months ended June 30 Three months ended June 30
2022 2021 2022 2021
Right of use assets depreciation (5,298 ) (4,775 ) (2,738 ) (2,402 )
Financial expense (4,872 ) (6,263 ) (2,472 ) (3,106 )
(10,170 ) (11,038 ) (5,032 ) (5,508 )

The total cash outflow for leases until June 30, 2022 was R$ 12,154 (R$ 10,698 until June 30, 2021).

The Group’s leasing activities and how these are accounted for are disclosed in the Group’s annual consolidated financial statements as of December 31, 2021.

11 Accounts payable

06/30/2022 12/31/2021
Dividends payable (i) 4,363 6,833
Treasury shares acquisition (ii) 569 1,874
Rent payable – prior month expense 1,941 1,887
Other payables 68 83
6,941 10,677
Current 6,941 10,677
Non-current - -
(i) On December 31, 2020, the partners approved a distribution<br>of dividends for the results of the current month. Based on the balance until the available data, Vinci settled a provision for dividends<br>payable of R$ 27,423. As of December 3, 2021, the amount of R$ 20,590 was paid, with an outstanding balance of R$ 6,833 remaining. On<br>January 21, 2022, the amount of R$ 2,470 was paid, remaining outstanding the amount of R$ 4,363.
--- ---
(ii) As informed in Note 14(f), on May 6, 2021, Vinci started its share repurchase<br>program. The shares repurchased were totally settled on July 5, 2022.
--- ---
F-31

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

12 Labor and social security obligations
06/30/2022 12/31/2021
--- --- --- --- ---
Profit sharing 37,121 101,880
Labor provisions 7,191 4,419
44,312 106,299
Current 44,038 106,299
Non-current 274 -

Except for the profit sharing related to the unrealized performance fees, the accrual for profits sharing payable on December 31, 2021 was paid in January 2022. Profit sharing is calculated based on the performance review of each employee plus the area performance, in accordance with an Entity policy. Vinci Management estimated the profit sharing as of June 30, 2022 based on the management and advisory net revenue recognized and the realized performance fee up to June 30, 2022. Profit sharing will be paid in January 2023 according to Vinci internal policy and after the Management approval, which is expected to occur in the beginning of 2023.

Since the second quarter of 2022 labor provisions are being impacted by provisions and social charges related to Restricted Share Units Plan (RSUs). The non-current amount comprises the provisions and social charges for the RSUs which the vesting dates are over than 1 year. Please see note 22 for more detail.

13 Taxes and contributions payable
06/30/2022 12/31/2021
--- --- --- --- ---
Income tax 10,966 14,375
Social contribution 3,793 5,128
Social Contribution on<br>     Revenues (COFINS) 2,035 2,280
Social Integration Program (PIS) 440 489
Service tax (ISS) on billing 633 1,348
Withholding Income Tax (IRRF)<br>      deducted from third parties 36 40
Others 87 102
17,990 23,762
F-32

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

14 Equity
(a) Capital
--- ---

The capital comprises 42,447,349 Class A shares and 14,446,239 Class B shares with a par value of US$ 0.00005 each.

On January 15, 2021, the individual partners of Vinci Partners Investimentos Ltda. contributed the entirety of their quotas into the Entity. In return for this contribution the Entity issued (1) new Class B common shares to Gilberto Sayão da Silva and (2) new Class A common shares to all other quotaholders of Vinci Investimentos in exchange for the quotas, in each case in a one-to-4.77 exchange for the quotas, of Vinci Investimentos contributed to the Entity, or the Contribution.

On January 28, 2021 Vinci issued 13,873,474 Class A common shares. Prior to this offering, there has been no public market for our Class A common shares. The initial public offering price per Class A common share was US$18.00, resulting in net proceeds of US$ 232,243 thousand (or R$ 1,266,926), after the deducting of underwriting discounts and commissions to Vinci Partners Ltd.

On February 8, 2021, Vinci issued additional 1,398,014 Class A common shares. The price of the additional shares was US$18.00, resulting in net proceeds of US$ 23 million (or R$ 125,448), after the deducting of underwriting discounts and commissions to Vinci Partners Ltd.

The Class A common shares have been approved for listing on the Nasdaq Global Select Market, or Nasdaq, under the symbol "VINP." Vinci has two classes of common shares: Class A common shares and our Class B common shares.

Class B common shares carry rights that are identical to the Class A common shares, except that (1) holders of Class B common shares are entitled to 10 votes per share, whereas holders of our Class A common shares are entitled to one vote per share; (2) holders of Class B common shares have certain conversion rights; (3) holders of Class B common shares are entitled to preemptive rights in the event that additional Class A common shares are issued in order to maintain their proportional ownership interest; and (4) Class B common shares shall not be listed on any stock exchange and will not be publicly traded.

F-33

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

The Entity's shareholders as of June 30, 2022 and December 31, 2021 are presented in the table below:

Shareholders 12/31/2020 Quantity Subscribed Transferred (*) Repurchased 12/31/2021 Quantity
Gilberto Sayão da Silva (Class B) - - 14,466,239 - 14,466,239
Alessandro Monteiro Morgado Horta (Class A) - - 8,226,422 - 8,226,422
Paulo Fernando Carvalho de Oliveira (Class A) - - 2,066,605 - 2,066,605
Bruno Augusto Sacchi Zaremba (Class A) - - 1,446,624 - 1,446,624
Sergio Passos Ribeiro (Class A) - - 1,239,963 - 1,239,963
Lywal Salles Filho (Class A) - - 206,661 - 206,661
Public Float (Class A) - 15,271,488 - (758,011 ) 14,513,477
Other Shareholders (Class A) - - 13,989,586 - 13,989,586
Treasury shares (Class A) - - - 758,011 758,011
Total - 15,271,488 41,642,100 - 56,913,588
Shareholders 12/31/2021 Quantity Subscribed Transferred Repurchased 06/30/2022 Quantity
--- --- --- --- --- --- --- --- --- --- --- ---
Gilberto Sayão da Silva (Class B) 14,466,239 - - - 14,466,239
Alessandro Monteiro Morgado Horta (Class A) 8,226,422 - - - 8,226,422
Paulo Fernando Carvalho de Oliveira (Class A) 2,066,605 - - - 2,066,605
Bruno Augusto Sacchi Zaremba (Class A) 1,446,624 - - - 1,446,624
Sergio Passos Ribeiro (Class A) 1,239,963 - - - 1,239,963
Lywal Salles Filho (Class A) 206,661 - - - 206,661
Public Float (Class A) 14,513,477 - - (576,621 ) 13,936,856
Other Shareholders (Class A) 13,989,586 - - - 13,989,586
Treasury shares (Class A) 758,011 - - 576,621 1,334,632
Total 56,913,588 - - - 56,913,588

(*) All of the quotaholders of Vinci Partners Investimentos Ltda contributed the entirety of their quotas to Vinci Partners Investments Ltd. In return for this contribution, the Entity issued 14,466,239 new Class B common shares and 27,175,861 new Class A common shares, in each case in a one-to-4.77 exchange for the quotas of Vinci Partners Investimentos Ltda to the quotas of Vinci Partners Investments Ltd.

(b) Transactions costs

Transactions costs comprises the expenses incurred by the Entity in connection with the IPO.

(c) Retained earnings

Earning reserves comprises the net profit generated by the Entity which were not distributed to their shareholders or approved to be distributed by the Entity management.

F-34

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(d) Other reserves

Comprises the exchange variation in investments made on investees which have a functional currency other than Brazilian Reais, the Entity functional currency. When a foreign operation is sold, the associated exchange differences are reclassified to profit or loss, as part of the gain or loss on sale.

(e) Dividends

On August 18, 2021, Vinci declared a semiannual dividend distribution of US$ 0.30 per common share to shareholders as of September 01, 2021, totalizing US$ 17,021 thousand (R$ 89,487), paid on September 16, 2021.

On November 17, 2021, Vinci declared a quarterly dividend distribution of US$ 0.16 per common share to shareholders as of December 1, 2021, totaling US$ 9,019 thousand (R$ 48,945), paid on December 16, 2021.

On February 23, 2022, Vinci declared a quarterly dividend distribution of US$ 0.20 per common share to shareholders as of March 10, 2022, totalizing US$ 11,181 thousand (R$ 56,176), paid on March 24, 2022.

On May 10, 2022, Vinci declared a quarterly dividend distribution of US$ 0.17 per common share to shareholders as of March 10, 2022, totalizing US$ 9,465 thousand (R$ 47,488), paid on June 2, 2022.

Once dividends are declared and approved by the board of directors, they will be paid on proportional basis to the owners of the common shares.

In 2022, dividends were paid in the amount of R$ 104,153, being R$ 70,183 to the profit earned in 2021 and the remaining amount related to the profit earned in the first quarter of 2022. In 2021, dividends were paid in the amount of R$ 255,963, being R$ 116,358 related to the net profit earned until 2020 and the remaining amount of R$ 139,605 related to the net profit for the current year.

(f) Treasury shares

When shares recognized as equity are repurchased, the amount of the consideration paid, which includes directly attributable costs, is recognized as a deduction from equity. Repurchased shares are classified as treasury shares and are presented in the treasury share reserve. When treasury shares are sold or reissued subsequently, the amount received is recognized as an increase in equity and the resulting surplus or deficit on the transaction is presented within the share premium.

On May 6, 2021, the Company announced the adoption of its share repurchase program in an aggregate amount of up to R$ 85 million (the “Repurchase Program”). The Repurchase Program may be executed in compliance with Rule 10b-18 under the Exchange Act. The program shall be permitted to commence after the date it is publicly disclosed and does not have a specified expiration date. Buybacks shall be made from time-to-time in the open market and negotiated purchases. The specific prices, numbers of shares and timing of purchase transactions shall be determined by the Company from time to time in its sole discretion.

On September 14, 2021, the Company intended to benefit from the affirmative defense provided by Rule 10b5-1 promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934. The Repurchase Program previously approved comply with the requirements of Rule 10b5-1 and will be carried out exclusively by J.P. Morgan Securities LLC (“JPMS”). JPMS acts as agent on behalf of Vinci and in accordance with the following terms:

F-35

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

The program is permitted to commence on October 1, 2021<br>and does not have a specified expiration date.
Buybacks shall be made in compliance with Rule 10b5-1(c)(1)<br>under the Exchange Act;
--- ---
The Repurchase Program respects the total amount of up<br>to R$85 million, as previously approved.
--- ---

On June 16, 2022, the Company announced a share buyback plan and a share repurchase plan to buy back up to R$60.0 million of the Company's outstanding Class A common shares across both plans. These plans are approved to replace the share repurchase plans approved by our board of directors on May 6, 2021 and September 15, 2021, which expired on May 31st, 2022. The plans will commence immediately and will not have specified expiration date (other than when the R$60.0 million buyback limit is reached).

Under the share buyback plan, buybacks may be made from time-to-time in open market and negotiated purchases, effective immediately, in compliance with SEC Rule 10b-18. The specific prices, numbers of shares and timing of purchase transactions will be determined by the Company from time to time in its sole discretion. Additionally, repurchases will be carried out by the agent of the Company from time-to-time in open market and negotiated purchases, in compliance with SEC Rule 10b5-1.

During the first semester of 2022, 576.621 Class A common shares were repurchased, in the amount of R$ 35,840. In June 2022 the Company holds 1,334,632 Class A common shares in treasury.

F-36

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(g) Basic and diluted earnings per share
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- ---
a) Basic earning per share 06/30/2022 06/30/2021 06/30/2022 06/30/2021
From continuing operations attributable to the ordinary equity holders of the Entity 1.62 1.85 0.82 0.94
Total basic earning per share attributable to the ordinary equity holders of the Entity 1.62 1.85 0.82 0.94
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- ---
b) Diluted earning per share 06/30/2022 06/30/2021 06/30/2022 06/30/2021
From continuing operations attributable to the ordinary equity holders of the Entity 1.61 1.85 0.81 0.94
Total basic earning per share attributable to the ordinary equity holders of the Entity 1.61 1.85 0.81 0.94
c) Reconciliations of earnings used in calculating earnings per share/quota
--- --- --- --- --- --- --- --- ---
Six months ended June 30 Three months ended June 30
Basic earnings per share: 06/30/2022 06/30/2021 06/30/2022 06/30/2021
Profit attributable to the ordinary equity holders of the Entity used in calculating basic earnings per share:
From continuing operations 91,709 100,419 46,400 53,406
91,709 100,419 46,400 53,406
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- ---
Diluted earnings per share: 06/30/2022 06/30/2021 06/30/2022 06/30/2021
Profit from continuing operations attributable to the ordinary equity holders of the Entity
Used in calculating basic earnings per share 91,709 100,419 46,400 53,406
Used in calculating diluted earnings per share 91,709 100,419 46,400 53,406
d) Weighted average number of shares used as the denominator
--- --- --- --- --- --- --- --- ---
Six months ended June 30 Three months ended June 30
Number 06/30/2022 Number 06/30/2021 Number 06/30/2022 Number 06/30/2021
Weighted average number of ordinary shares used as the denominator in calculating basic earnings per share: 56,605,337 54,199,194 56,798,319 56,884,821
Adjustments for calculation of diluted earnings per share: - - - -
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share 56,605,337 54,199,194 56,798,319 56,884,821
F-37

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

15 Revenue from services rendered
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 2022 2021
Gross revenue from fund management 188,348 188,137 95,353 100,756
Gross revenue from performance fees 7,411 29,271 4,080 19.206
Gross revenue from advisory 11,311 23,470 7,289 6,978
Gross revenue from services rendered 207,070 240,878 106,722 126,940
In Brazil 159,733 173,890 83,109 92,688
Abroad 47,337 66,988 23,613 34,252
Taxes and contributions
COFINS (7,175 ) (7,392 ) (3,773 ) (3,793 )
PIS (1,557 ) (1,603 ) (819 ) (822 )
ISS (4,494 ) (5,243 ) (2,361 ) (2,545 )
Net revenue from services rendered 193,844 226,640 99,769 119,780
Net revenue from fund management 176,500 176,621 89,271 94,778
Net revenue from performance fees 7.011 28,575 3,839 18,624
Net revenue from advisory 10,333 21,444 6,659 6,378
F-38

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

16 General and administrative expenses
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 2022 2021
Personnel (a) (31,213 ) (26,813 ) (16,031 ) (13,683 )
Share-based payments (b) (3,204 ) (1,642 ) (2,468 ) (1,642 )
Profit-sharing (a) (36,998 ) (46,717 ) (18,695 ) (24,899 )
(71,415 ) (75,172 ) (37,194 ) (40,224 )
Third party expenses (c) (22,435 ) (17,634 ) (8,907 ) (8,901 )
Right of use depreciation (d) (5,298 ) (4,775 ) (2,738 ) (2,402 )
Depreciation and amortization (e) (1,960 ) (1,865 ) (976 ) (926 )
Other operating expenses (f) (2,394 ) (2,237 ) (1,244 ) (1,000 )
Travel and representations (1,812 ) (534 ) (1,295 ) (333 )
Condominium expenses (1,248 ) (1,248 ) (838 ) (642 )
Payroll taxes (938 ) (1,504 ) (575 ) (754 )
Rental expense (95 ) (295 ) (57 ) (151 )
Telephony services (118 ) (117 ) (50 ) (51 )
Legal (134 ) (43 ) (12 ) (38 )
Office consumables - (1 ) - (1 )
(107,847 ) (105,425 ) (53,886 ) (55,423 )
(a) Personnel and profit-sharing
--- ---

According to the profit-sharing program and based on Law 10,101 of December 19, 2000 and on objectives established at the beginning of each year, management estimated the payment of profit sharing in the amount of R$ 37,658 (R$ 46,717 on June 30, 2021) for the period ended June 30, 2022.

(b) Share-based payments

See note 22 for more details.

(c) Third party expenses

Third party expenses are composed for accounting, advisory, information technology, marketing, and other contracted services.

(d) Right of use depreciation

See note 10 for more details.

(e) Depreciation and amortization

The amount is mainly comprised by property and equipment depreciation.

(f) Other operating expenses

The amount is mainly comprised by office expenses, including energy, cleaning, maintenance and conservation, among others several expenses.

F-39

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

17 Finance profit/(loss)
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 2022 2021
Investment income (i) 35,075 20,048 13,982 14,068
Foreign currency variation income 2,086 1,061 444 81
Financial revenue on sublease agreements 211 142 101 61
Other finance income 307 62 160 33
Finance income 37,679 21,313 14,687 14,243
Financial expense on lease agreements (4,872 ) (6,263 ) (2,400 ) (3,106 )
Bank fees (102 ) (38 ) (56 ) (12 )
Interest and arrears (4 ) (80 ) (4 ) -
Investment losses (i) (554 ) (5,444 ) - (5,122 )
Fines on taxes (4 ) (1 ) (1 ) (1 )
Interest on taxes - (110 ) - (58 )
Foreign currency variation expense (2,986 ) (2,270 ) - (2,233 )
Other financial expenses - - - 9
Finance costs (8,522 ) (14,206 ) (2,461 ) (10,523 )
Finance profit/(loss), net 29,157 7,107 12,226 3,720
(i) Investment income and losses comprises the fair value changes on the financial instruments at fair value through profit or loss. Segregated<br>investment income result is demonstrated below:
--- ---
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 2022 2021
Mutual funds and fixed income investments (a) 35,232 18,758 14,334 14,074
Private equity funds (157 ) 1,290 (352 ) (6 )
35,075 20,048 13,982 14,068
Mutual funds (550 ) (5,395 ) - (5,248 )
Private equity funds (4 ) (49 ) - 114
Real Estate listed funds - - - 12
(554 ) (5,444 ) - (5,122 )
(a) Vinci Monalisa corresponds to most part of the Group’s investment income.
--- ---
F-40

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

18 Income tax and social contribution

As an exempted company incorporated in the Cayman Islands, Vinci Partners Ltd is subject to Cayman Islands laws, which currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature of inheritance tax or estate duty or withholding tax applicable to us.

Vinci Partners Ltd subsidiaries, except for Vinci Partners Ltda, Vinci Capital Gestora Ltda and Vinci Soluções de Investimentos Ltda, are taxed based on the deemed profit.

Vinci has tax losses and negative basis resulting from previous years and deferred income tax and social contribution credits are recognized since there is expectation of future tax results for these companies. The tax credit arising from the tax loss and negative basis under the taxable profit regime on June 30, 2022 is R$ 3,807 (R$ 2,494 on December 31, 2021).

No foreign subsidiaries presented net income for taxation of income and social contribution taxes until June 30, 2022 and 2021.

The income tax and social contribution charge on the results for the period can be summarized as follows:

Six months ended June 30 Three months ended June 30
2022 2021 2022 2021
Current income tax (18,810 ) (22,725 ) (9,516 ) (12,122 )
Current social contribution (6,747 ) (8,175 ) (3,370 ) (4,582 )
(25,557 ) (30,900 ) (12,886 ) (16,704 )
Deferred income tax 1,611 1,768 926 915
Deferred social contribution 496 1,229 249 1,118
2,107 2,997 1,175 2,033
(23,450 ) (27,903 ) (11,711 ) (14,671 )
F-41

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Deferred tax balances

06/30/2022 12/31/2021
Deferred tax assets
Tax losses 3,807 2,494
Leases 2,186 2,476
RSU 233 -
Total 6,226 4,970
Deferred tax liabilities
--- --- --- --- ---
Financial revenue (860 ) (1,815 )
Estimated revenue (2,181 ) (2,107 )
Leases (30 ) -
Total Income Tax (3,071 ) (3,922 )
Estimated revenue (1,132 ) (1,094 )
Total (Taxes and contribution) (1,132 ) (1,094 )
Total deferred tax liabilities (4,203 ) (5,016 )
F-42

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Movements Tax losses Leases RSU Total
Deferred tax assets
As at December 31, 2020 2,769 1,799 - 4,568
to profit and loss (275 ) 677 - 402
As at December 31, 2021 2,494 2,476 - 4,970
to profit and loss 1,313 (290 ) 233 1,256
As at June 30, 2022 3,807 2,186 233 6,226
Movements Financial Revenue Estimated Revenue Leases Total
--- --- --- --- --- --- --- --- --- --- --- --- ---
Deferred tax liabilities
As at December 31, 2020 (7,842 ) (4,554 ) (224 ) (12,620 )
to profit and loss 6,027 1,353 224 7,604
As at December 31, 2021 (1,815 ) (3,201 ) - (5,016 )
to profit and loss 955 (112 ) (30 ) 813
As at June 30, 2022 (860 ) (3,313 ) (30 ) (4,203 )
F-43

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(a) Tax effective rate
Six months ended June 30 Three months ended June 30
--- --- --- --- --- --- --- --- --- --- --- --- ---
2022 2021 2022 2021
Profit (loss) before income taxes 115,154 128,322 58,109 68,077
Combined statutory income taxes rate - % 34 % 34 % 34 % 34 %
Income tax benefit (expense) at statutory rates (39,152 ) (43,629 ) (19,757 ) (23,146 )
Reconciliation adjustments:
Expenses not deductible (27 ) (56 ) (9 ) (4 )
Tax benefits 65 47 30 33
Share based payments (156 ) (166 ) (70 ) (166 )
Effect of presumed profit of subsidiaries (i) 15,665 15,831 7,951 8,739
Other additions (exclusions), net 155 70 144 (127 )
Income taxes expenses
Current (25,557 ) (30,900 ) (12,886 ) (16,704 )
Deferred 2,107 2,997 1,175 2,033
(23,450 ) (27,903 ) (11,711 ) (14,671 )
Effective rate 20 % 22 % 20 % 22 %
(i) Brazilian tax law establishes that companies that generate gross revenues of up to R$ 78,000 in the<br>prior fiscal year may calculate income taxes as a percentage of gross revenue, using the presumed profit income tax regime. The Entity's<br>subsidiaries adopted this tax regime and the effect of the presumed profit of subsidiaries represents the difference between the taxation<br>based on this method and the amount that would be due based on the statutory rate applied to the taxable profit of the subsidiaries.
--- ---
19 Related parties
--- ---
(a) Key management remuneration
--- ---

The total remuneration (salaries and benefits) of key management personnel, including the Executive Committee, amounted to R$ 3,590 for the six months period ended June 30, 2022 (June 30, 2021 - R$ 2,917).

Accordingly to Vinci internal policy, the key management is entitled to receive a profit-sharing compensation, which is paid annually in January of the next year, after the Management approval. As informed in Note 12, Vinci accrued a provision for profit sharing for the Group as of June 30, 2022.

F-44

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

(b) Receivables from related parties

The Entity receivables from related parties as of June 30, 2022 and December 31, 2021, as shown in the table below:

06/30/2022 12/31/2021
Telecom Investimentos S.A. - 80
Vinci Infra Investimentos V2I S.A. 72 64
Maranello Empreend. e Participações S.A. 1 1
Cagliari Participações S.A. 4 4
Accadia Participações AS 83 75
Norcia Participações SA 48 39
Personal Care Participações SA - 1
Mental Health Participacões SA - 1
Laguna Participações S.A. 10 -
VFDL 4 Empreendimentos Imobiliários LTDA 3 -
Vias Participações I S.A. 1
222 265
(c) Prepayments to employees
--- ---

As presented in note 6(i), Vinci may advance payments to its employees, in which the amount is rated at the interest rate of the Interbank Deposit Certificate (CDI).

20 Segment reporting

The Entity's reportable segments are those business units which provide different services and are separately managed since each business demands different market strategies.

The main information used by management for assessment of the performance of each segment is the profit by segment for the analysis of the return of these investments.

The information on assets and liabilities by segment is not disclosed in these financial statements because it is not used by management when managing segments. Management does not make an analysis by geographical areas for the management of the Entity's business.

Segments are independently managed, with professionals specifically skilled allocated in each segment.

The Entity's operations are segmented according to the organization and management model approved by management, and they are divided as follows:

Private Market Strategies

Comprises the investments in illiquid funds, as described below:

(i) Private Equity

The private equity segment has a generalist and control-oriented approach, focusing on growth and turnaround. The primary strategy is value creation pursuing transformation of invested companies, with changes in the growth of revenue, productivity, profitability and management profile, using a proprietary methodology ("Value from the Core").

F-45

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Another strategy of the segment is focused on sectors resilient to different investment cycles and minority holdings in small and medium enterprises with business models that exhibit high growth potential and clear, mensurable ESG (Environmental, Social and Governance) goals.

(ii) Real Estate

The Real Estate Investment Funds segment are focused on shopping centers, logistics, offices, urban real estate and funds of funds, and seek to achieve differentiated returns through an active management of a diversified and quality portfolio. The segment’s objective is also the development of real estate properties, following up to five key steps: origination of opportunities, analysis, execution, monitoring and asset sale.

(iii) Infrastructure

The infrastructure segment has exposure to real assets through equity and debt instruments, with active in the following sub-segments: power, oil & gas, transportation & logistic and water & sewage. The strategy invests across two sub-strategies: sector-focused funds and structured credit. The fund’s investments are periodically monitored, including the evolution of ESG metrics, financial and operational metrics.

(iv) Credit

This credit segment is focused on fundamental credit analysis, consistency, and long-term value creation to investors. The area dynamic approach is to tactically allocate capital between assets classes and adapt to different cycles. It is also sourcing of credit instruments with resilient structures and sound collateral packages. The credit strategy invests include for core sub-strategies: infrastructure debt, real estate debt, structured credit and exclusive mandates, following four key steps: origination, analysis, structuring and monitoring.

Liquid Strategies

This segment seeks return through operations in public markets, as trading bonds, public stocks and derivatives, among other assets. It is comprised by the investments in liquid funds, as described below:

(i) Hedge Funds

The hedge fund segment manages funds through Brazilian and international financial instruments such as stock, credit, interest, foreign exchange and commodities. Monitoring and risk control are based on different techniques such as: use of options for high conviction trades, monitoring liquidity conditions for each position, VaR monitoring, scenarios simulations (including stress test), stop loss rules on individual positions and on the portfolio level.

(ii) Public equities

The public equities segment manages long-term positions based on fundamental analysis of Brazilian publicly traded companies. The mains strategy is through absolute return, dividends, and small caps.

F-46

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Investment products and solutions

Investment products and solutions segments offer financial products on an open platform basis providing portfolio and management services considering medium/long term risk allocation. The strategy aims to provide an advanced investment strategy with alpha generation according to the clients’ targets. The strategy is divided in four sub-strategies: separate exclusive mandates, commingled funds, international allocation and pension plans.

Financial advisory services

The financial advisory services objective is including high value-added to financial and strategic advisory services to entrepreneurs, corporate senior management teams and boards of directors, focusing primarily on IPO advisory and M&A transactions for Brazilian middle-market companies. The financial advisory services team serves as trusted advisors to clients targeting local and/or product expertise in the Brazilian marketplace.

Vinci retirement services

The retirement services focus on planning and building long-term investment portfolios that assist investors to achieve their retirement goals.

F-47

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Six-month<br> period ended 06/30/2022
Private<br> Market Strategies Liquid<br> Strategies Investment<br> Products and solutions Financial<br> Advisory Vinci<br> Retirement Services Corporate<br> Center Total
In Brazil 66,727 43,810 38,711 10,485 - - 159,733
Abroad 36,132 3,423 7,782 - - - 47,337
Gross revenue from<br> services rendered 102,859 47,233 46,493 10,485 - - 207,070
Fund Advisory fee 810 - 16 10,485 - - 11,311
Fund Management fee 99,551 43,495 45,302 - - - 188,348
Fund Performance fee 2,498 3,738 1,175 - - - 7,411
Taxes and contributions (5,345 ) (2,825 ) (4,149 ) (907 ) - - (13,226 )
Net revenue from services rendered 97,514 44,408 42,344 9,578 - - 193,844
(-) General and administrative expenses (20,401 ) (10,699 ) (9,562 ) (3,027 ) (3,054 ) (57,900 ) (104,643 )
Share-based payments (602 ) (121 ) (217 ) - - (2,264 ) (3,204 )
Operating profit 76,511 33,588 32,565 6,551 (3,054 ) (60,164 ) 85,997
Finance income 37,679
Finance cost (8,522 )
Finance result, net 29,157
Profit before income taxes 115,154
Income taxes (23,450 )
Profit for the period 91,704
F-48

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Three-month<br> period ended 06/30/2022
Private<br> Market Strategies Liquid<br> Strategies Investment<br> Products and solutions Financial<br> Advisory Vinci<br> Retirement Services Corporate<br> Center Total
In Brazil 34,313 21,346 20,469 6,981 - - 83,109
Abroad 18,071 1,580 3,962 - - - 23,613
Gross revenue from<br> services rendered 52,384 22,926 24,431 6,981 - - 106,722
Fund Advisory fee 300 - 8 6,981 - - 7,289
Fund Management fee 50,264 21,599 23,490 - - - 95,353
Fund Performance fee 1,820 1,327 933 - - - 4,080
Taxes and contributions (2,737 ) (1,413 ) (2,199 ) (604 ) - - (6,953 )
Net revenue from services rendered 49,647 21,513 22,232 6,377 - - 99,769
(-) General and administrative expenses (10,262 ) (5,238 ) (3,763 ) (1,739 ) (3,054 ) (27,362 ) (51,418 )
Share-based payments (270 ) (55 ) (98 ) - - (2,045 ) (2,468 )
Operating profit 39,115 16,220 18,371 4,638 (3,054 ) (29,407 ) 45,883
Finance income 14,687
Finance cost (2,461 )
Finance result, net 12,226
Profit before income taxes 58,109
Income taxes (11,711 )
Profit for the period 46,398
F-49

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Six-month<br> period ended 06/30/2021
Private<br> Market Strategies Liquid<br> Strategies Investment<br> Products and solutions Financial<br> Advisory Corporate<br> Center Total
In Brazil 66,776 50,757 36,368 19,989 - 173,890
Abroad 40,364 5,390 21,234 - - 66,988
Gross revenue from<br> services rendered 107,140 56,147 57,602 19,989 - 240,878
Fund Advisory fee 3,438 - 43 19,989 - 23,470
Fund Management fee 101,315 47,279 39,543 - - 188,137
Fund Performance fee 2,387 8,868 18,016 - - 29,271
Taxes and contributions (5,753 ) (4,684 ) (2,072 ) (1,729 ) - (14,238 )
Net revenue from services rendered 101,387 51,463 55,530 18,260 - 226,640
(-) General and administrative expenses (19,094 ) (12,723 ) (13,218 ) (5,747 ) (54,643 ) (105,425 )
Operating profit 82,293 38,740 42,312 12,513 (54,643 ) 121,215
Finance income 21,313
Finance cost (14,206 )
Finance result, net 7,107
Profit before income taxes 128,322
Income taxes (27,903 )
Profit for the period 100,419
F-50

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

Three-month<br> period ended 06/30/2021
Private<br> Market Strategies Liquid<br> Strategies Investment<br> Products and solutions Financial<br> Advisory Corporate<br> Center Total
In Brazil 36,957 29,385 22,276 4,070 - 92,688
Abroad 20,002 2,647 11,603 - - 34,252
Gross revenue from<br> services rendered 56,959 32,032 33,879 4,070 - 126,940
Fund Advisory fee 2,887 - 21 4,070 - 6,978
Fund Management fee 52,172 25,250 23,334 - - 100,756
Fund Performance fee 1,900 6,782 10,524 - - 19,206
Taxes and contributions (3,119 ) (2,562 ) (1,128 ) (351 ) - (7,160 )
Net revenue from services rendered 53,840 29,470 32,751 3,719 - 119,780
(-) General and administrative expenses (10,541 ) (8,424 ) (7,019 ) (1,841 ) (27,598 ) (55,423 )
Operating profit 43,299 21,046 25,732 1,878 (27,598 ) 64,357
Finance income 14,243
Finance cost (10,523 )
Finance result, net 3,720
Profit before income taxes 68,077
Income taxes (14,671 )
Profit for the period 53,406
F-51

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

21 Legal Claims

As of June 30, 2022, and December 31, 2021, the Entity is not aware of disputes classified as probable chance of loss.

Find below the disputes classified as possible chance of loss segregated into labor, tax and civil.

06/30/2022 12/31/2021
Tax 19,221 18,753
Civil - -
Labor 1,817 1,817
Total 21,038 20,569

Tax Claims

Vinci Gestora is a party to a tax administrative proceeding in course arising from the payment of social security contributions (employer's portion and Work Accident Insurance (SAT) in 2011, charged on amounts paid by virtue of quota of profits and results, totaling R$ 3,326.

On March 21, 2018, the Brazilian federal revenue opened an act of infraction against Vinci Equities for the collection of open debts of IRPJ, CSLL, PIS and COFINS in the amount of R$ 15,895 for the calendar year of 2013.

22 Share-based payments

The Entity provides benefits to its employees through a share-based incentive. The following item refers to the outstanding plan on June 30, 2022.

Stock Options

On May 6, 2021, the Entity launched a Stock Option Plan (“SOP” or “Plan”) in order to grant stock options to certain key employees (“Participants”) to incentivize and reward such individuals. These awards are scheduled to vest over a three-year period and the holders of vested options are entitled to purchase shares at the market price of the shares at grant date. This right may be subject to certain conditions to be imposed by the Entity and aims at aligning the interests of the Entity's shareholders with those of the Participants. Each option will entitle the Participant to acquire 1 Class A common shares issued by the Company. The key terms and conditions related to the grants under the SOP are as follows:

# Tranche Period in months when options will become potentially suitable for exercise (“Grace Period”) Limit per tranche
(percentage of the number of options granted) (quantity of the number of options granted)
1st tranche 12 20% 332,498
2nd tranche 24 20% 332,498
3rd tranche 36 60% 997,485
F-52

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

The fair value of each stock option granted was estimated at the grant date based on the Black-Scholes-Merton pricing model.

Dividend yield (%) 5
Expected volatility (%) 35
Risk-free rate of return (%) 0.40
Vesting period of options (years) 3
Strike price US$ 18.00
Spot price US$ 11.22
Pricing model Black-Scholes-Merton

The initial date of Grace Period for the options granted was February 1st, 2021, the Company’s Initial Public Offer settlement day. The Participant will have the right to exercise their vested options from the third anniversary of the date of execution of the program up to 1 year, after which the referred options will be automatically forfeited, in full, regardless of prior notice or notification, and without the right to any indemnity. No Participant will have any of the rights and privileges of the Company's shareholders until the options are duly exercised and the shares under the options are acquired by the Participant.

The issue or purchase price of the shares to be subscribed or purchased by the Participants (“Exercise Price”) will be US$18.00. The Exercise Price will be reduced by the amount in dollars per share distributed to its shareholders from the date of execution of this Plan, whether as dividends, interest on equity, redemption, capital reduction or other events defined by the Board of Directors.

The maximum number of shares available for the exercise of options under this plan is limited to 5% of the total share capital of the Company at any time, on a fully diluted basis, taking into account also the options granted under this Plan.

As of June 30, 2022, there are stock options outstanding with respect to 1,617,549 Class A common shares (1,662,481 as of December 31, 2022).

The total expense recognized for the programs for the six-month period ended June 30, 2022 was R$ 1,339 (R$ 1,642 for the six-month period ended June 30, 2021).

Restricted Share Unit (RSU)

a) Restricted Shares Units Plan

On April 04, 2022, the Entity announced its Restricted Share Unit Award Plan (“Plan”). The purpose of this Plan is to provide the opportunity for officers and employees of Vinci and its Subsidiaries, as elected by the Executive Compensation Committee, to receive restricted Shares (“RSU”). Shares representing up to 1.65% of the total amount of the capital stock of the Company, which equals, on this date, approximately 950.000 shares.

Under the Plan, stocks are awarded to the recipient upon their grant date. Subject to the terms of the Plan, each RSU shall grant the beneficiary the right to receive one (1) share, subject to the satisfaction of the conditions for acquisition of the shares. The RSUs awarded to the beneficiary shall be vested in different tranches, as long as the service condition is fulfilled and verified. The vesting dates may vary from 1 to 6 years after the granted date, accordingly to the dates defined in each Restricted Share Unit Award Agreement.

If an eligible participant ceases its relationship with the Group, within the vesting period, the rights will be forfeited, except

in limited circumstances.

b) Fair value of shares granted

Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model and underlying assumptions, which depends on the terms and conditions of the grant and the information available at the grant date.

The Company uses certain assumptions to determine the RSUs fair value at the granted date, including the following:

F-53

Vinci Partners Investments Ltd.


Notes to the interim consolidated financial statements

All amounts in thousands of reais

• Market value of the shares ate the granted date.

• Estimative of dividend yield and the US interest date for the years comprised from the granted date until the vesting dates.

These estimates also require determination of the most appropriate inputs to the valuation models including assumptions

regarding the expected life of a share-based payment.

c) Outstanding shares granted and valuation inputs

The total RSUs awarded during the second quarter of 2022 was 505,075, with all of them remain outstanding on June 30, 2022.

As of June 30, 2022, total compensation expense of the plans was R$ 1,866, including R$ 476 of social charges provisions.

23 Commitment

The Group has capital commitments that expect to incur in cash disbursements. Unfunded commitments not recognized as liabilities in private equity investment funds on June 30, 2022 and December 31, 2021 are as follow:

06/30/2022 12/31/2021
Vinci Impacto e Retorno IV Feeder B 7,961 8,906
Vinci Capital Partners III Feeder FIP Multiestratégia 989 1,921
Nordeste III FIP Multiestratégia 1,896 1,913
Vinci Infraestrutura Água e Saneamento FIP - IE 22,227 48,727
Vinci Fulwood DL FII 52,500 56,000
Vinci Strategic Partners FIM CP 4,818 5,000
Vinci Infraestrutura Transporte E Logística II FIP 15,000 -
VSP I FIP - Classe A 35,051 -
VSP I FIP - Classe B 7,923 -
Vinci Infraestrutura Transporte e Logística FIP 5,090 -
VCP IV Feeder A FIP 350,000 -
Vinci Cred Infra Institucional FI I Infra RF 100,000 -
603,455 122,467
24 Subsequent Events
--- ---

According to the Repurchase Program (Note 14(b)), from July 01, 2022 to August 03, 2022, 95,096 Class A common shares were repurchased by the Entity, in the amount of R$ 5,025.

On July 28, 2022, Vinci announced an agreement (“Transaction”) to acquire SPS Capital, a leading independent alternative asset manager focused on the Special Situations segment in Brazil, with R$2.0 billion in assets under management. SPS Capital’s main investment strategies involve the development of healthy growing companies, illiquid assets, acquisition of judicial assets against public and private entities, and more. The Transaction will have an initial cash component at closing, with an additional consideration in VINP’s Class A common stock through an earnout structure to be paid in 2027, up to a maximum number of 1.7 million shares, subject to the achievement of certain fundraising and incremental management fee revenue targets. Transaction is expected to close until the end of the third quarter of 2022.

F-54