Good afternoon and welcome to Vinch Compass Third Quarter 2026 Earliest Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, this call will be recorded. I would now like to turn the conference over to Bruno Zaremba, President of Finance and Operations. Please, go ahead, Mr. Zaremba.

Thank you and good evening everyone. This is Bruno Zaremba, President of Finance and Operations.

Joining me today are Alessandro Warta, Chief Executive. Earlier today, we issued a press release live presentation and our financial statements for the third quarter of 2026.

which are available on our website at ir.edu that today's call may include forward-looking statements which are uncertain and outside of the firm's control and may differ from actual results to maturity. We do not undertake any duty to update these statements. For discussion of some of the risks to the factory section of our 20F We also refer to certain non-GAAP measures and you'll find reconciliations in the list called Constitutes of an Offer to Sell or solicitation of an offer to purchase an interest in any 20 quarter of 2026 to which Compass generated fee-related earnings of 106% We declared a quality dividend of 17 cents on the dollar per common share record as of November 27th. With that, I'll turn the call over to Alessandro for joining us today.

The quarter marked a significant period in the evolution of the 90 acquisition ahead of our initial expectations and delivered the highest quarterly management fees, fee-related earnings, And we have announced a development that represents an important inflection point for our platform, the creation of the ancient permanent capital acquisition of Australia. Andres Alonso. Each of these developments strengthens a different dimension of Indy Compass and advances the strategic priorities to have consistent policies. Increasing the scale of our platform and building a more diversified and resilient business. Let me begin with Navi. We completed the transaction on September 1st, ahead of that timeline, adding approximately $850 million. What makes NAVI particularly valuable is the quality of the capital it brings. A significant portion of the This strengthens the durability of our A1 basis and adds the type of recurring fee revenues we seek to expand across our platform. NAVI began contributing to management fees in step going forward. Demonstrates the scalability and operating leverage embedded in our platform have developed over time allowed us to incorporate these additional assets efficiently while leveraging our existing teams and cooperation and corporate infrastructure already in place. Turning now to the creation of Austral Here, I want to take a moment to reiterate why we believe this is such a meaningful milestone for Vinci Compass and for the Latin American alternatives. Vinci Compass becomes the first player in the region to have access Alessandro Monteiro Morgado Horta, Bruno Augusto Sacchi and many more, investing in the same funds and under the same trends that are aligned with our clients that has always been central to our model. The transaction is expected to be immediately accepted. Share, and we expect closing to happen in the first quarter of 2027. This is subject to regulatory approval and under other customary conditions, though it is particularly and many more. In Latin America, where capital cycles are longer, GDP commitment requirements are higher and opportunities to recycle capital are more limited than in developed countries' growth. They can provide a permanent and scalable source of capital to support their growth The growth of our platform investing across different market cycles brings me to a broader point about the resilience of our platform following recent elections across several of our key markets in Latin America. and influence the pace of opportunities at different points in time, we remain focused on the long-term forces shaping alternative investments in the region. Of local capital markets across the Latin American countries where we operate, The growing sophistication of institutional investors and increasing demand for investment in global opportunities and global capital to opportunities across the region. Against this backdrop, our vision reflects the resilience of the platform we have deliberately built over many years, not by chance, but through a clearly articulated, serious explanation of our original commercial practices. On that note, in October, we took another step in expanding our region in Central America and the Caribbean, or NACAC, as an integrated geography. This new structure brings us together across these markets While expanding our coverage of high-net-worth clients and complementing the institutional and the region. By serving these client segments in a more coordinated manner, we can leverage the full breadth of the communities and capture new opportunities across the region. On a longer track record, as you know, since our IPO, we have consistently a combination with Compass, together with acquisitions of SPXs. Mati, Lacan, Verdi, Bax and Addy has brought us geographies and client segments, progressively reducing our dependence on any single market, product or investor base. Our fund raising priorities, product development and investment decisions as market conditions and investor needs change of individual opportunities may vary. Our ability to pursue growth across the platform remains supported by the breadth of our capabilities, adds a further dimension to this model, and takes the resilience of our platform to another level. By combining our ability to pursue and many more. Income was a significant highlight of the quarter, reaching $100 and 84 million reais related to the Galeão identification as anticipated in our previous communications. Because the gain was recognized on an unrealized basis in the third quarter, it should be realized in the fourth quarter, at which point it should contribute to distributable earnings. It is not only covering credit value through deep sector expertise, including its involvement in the negotiations and the structures of the new regulatory model. The identification also demonstrates our ability to originate unique opportunities and translate our investment capability. It provides a clear example Alessandro Monteiro Morgado Horta, Bruno Augusto Sacchi Beyond net income, our recurring earnings also reached record levels. Management fixed totally 280 million reais, up to earnings reaching approximately 107 million reais, with the FRA margin expanding to 30%. It is also worth noting that this means 5 million reais in surplus expenses as we continue to look for productivity Alessandro Monteiro Morgado Horta, Bruno Augusto Sacchi Zaremba In the quarter, the integration of stocks continued to progress very well, with Over 1 billion reais raised year-to-date in Argentina. The strong reception from clients and partners is already beginning to translate into inflows, reinforcing the strategic rationale of the WeFoodBox extensive corporate and retail distribution network. We are building a scaled platform position to investment solutions in Argentina. In private equity, we had several exciting developments during the quarter. VCP4, its investment period, followed the sale of AGV's Colombian operations to DHL's supply chain. In terms of the capital investment in AGV, why retain the Brazilian business for further value creation? The Fund also signed its fourth venture in Brazil. In addition, VCB2 completed the merchant office CBO with Ocean Secure Support Vessel Platform. To conclude, what we find most compelling is how each step we take reinforces the next. NAVI, our real estate franchise, our asset management platform, continues to deliver record earnings in large expansion, and VPCS provides alignment with clients, supports Alessandro Monteiro Morgado Horta, Bruno Augusto Sacchi Zaremba, Alessandro Monteiro Morgado As we enter the final quarter of 2026, we will make focus on our clients, shareholders and partners. Thank you and I will now turn the call over to Bruno.

Thank you Alessandro and good evening again everyone. The third platform with positive net inflows and encouraging activity across global APNs. Looking ahead, once the offshore reacquisition closes, VPO to see new strategies and accelerate fundraising across our platform. Let me begin with our assets under development. Total AUM reached R$ 363 billion, surpassing R$ 70 billion per year in US dollar terms. This growth reflects the strength of both organic and inorganic created 36 billion reais through capital formation and appreciation and added approximately 20 billion reais to the economy. As anticipated in our previous communications, capital subscriptions across are closed and this largely reflects the timing of the commitments. As fundraising activities typically become PS4 and Lacan 4, Several investors continue to advance through their approval and documentation processes ahead of the expected year-end. AUM ended the quarter at R$ 273 billion, up 13% year-over-year. In line with our expectations, reversing the temporary outflows we recorded in the second quarter, we generated a proxy TPD Liquid and TPD Alternative. In Tip the Alternative, Desmomento continues to be driven by partnerships with some made in private equity secondaries, direct lending, and growth and venture capital strategies.

Indian Equity Strategies

We expect this momentum to continue, supporting, partly by risk, the superintendency of pensions to publish the final investment regime for the new generation of funds, which will be in April of 2027. Rather than having contributors choose among funds with different risk levels, generational with each fund's asset allocation evolving over time.

The new regime raises medium-term opportunities for both TPD and venture-composed proprietary private market strategies. We believe we are well positioned to benefit from this shift, as we remain the largest third-party distributor of offshore mutual funds to Chilean pension funds at the end of the third quarter, with an estimated market share of 20%, excluding money market funds. Colombia is also moving in a constructive direction. In October, the new administration eliminated the 30% cap on patient funds offshore investments. We should support offshore locations going forward. Beyond these regulatory tailwinds, we continue to broaden our client base and geographic reach. As Alessandro mentioned, we recently established NACAC to expand our commercial coverage and pursue new growth opportunities across the North and the East. At the same time, our priority remains to deepen our penetration in the markets where we already operate. In Chile, for example, we continue to develop local access vehicles for institutional and private wealth investors. We are also expanding our product offering to support this momentum. In Brazil, we expect to launch two fixed-income ETFs, providing exposure to Brazilian inflation-linked government bonds and TNDs. By combining long-end duration with short-end liquidity, we are avoiding distortions at intermediate shifts and flattening dynamics across the real yield curve. In Chile, we are preparing to launch 20 Compass Crescimiento, a liquid multi-asset fund that completes our local multi-asset offering, designed for long-term capital appreciation through a diversified portfolio of local and global investments. Looking ahead, we are optimistic that these efforts will translate into positive inflows across these markets, to the fourth quarter and into the first half of 2027. Turning to credits, we remain encouraged by the momentum across the platform, with AYM reaching R$43 billion in the third quarter, up 31% year-over-year. Credit continues to be one of the most significant growth opportunities for Vinci Compass, starting investment capabilities and increasingly diversified distribution channels.