Vinci Compass Investments Ltd To Host Investor Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Tito Labarta - Goldman Sachs Group Inc - Analyst : Bruno, Alessandro, congratulations on the positive outlook and the acquisition of Verde as well. I guess on the guidance, right, Bruno you showed the chart on the guidance from 2023 expectations or rates were going to go to 9%. Now obviously, we are at a higher base. But you still expect rates to come down to around 11% over the next couple of years. So I guess, what is the risk if that doesn't happen in rates do stay more elevated, have you contemplated that in the guidance and the ability for the -- to meet that fundraising targets? And also , like, I guess, on the improvement in margin, right, because you had 10% improvement. Very significant. What are some of the risks to get there? And maybe if there's like a time line, is that more in 2, 3 years? Or like in the shorter term, given you're still integrating with Compass, some of the shorter-term risk on the margin expansion. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 07, 2025 / 5:00PM, VINP.OQ - Vinci Compass Investments Ltd To Host Investor Day