Patria Reports Fourth Quarter & Full Year 2022 Earnings Results
14 Fevereiro 2023 - 8:00AM
Patria (Nasdaq:PAX) reported today its unaudited results for the
fourth quarter and full year ended December 31, 2022. The full
detailed presentation of Patria's fourth quarter and full year 2022
results can be accessed on the Shareholders section of Patria’s
website at https://ir.patria.com/.
Alex Saigh, Patria’s CEO, said: “Patria generated strong results
for the 4th quarter and full year 2022, delivering our FRE guidance
for 50% annual growth, as well as performance fees during a
challenging year for global markets. We believe we are uniquely
positioned as a gateway for alternative investments in Latin
America, with the talent and resources in place to execute on the
multi-year targets shared at our recent Investor Day event.”
Financial Highlights (reported in $ USD)
IFRS results included $46.5 million of net income attributable
to Patria in Q4 2022 and $93.0 million for the full year. Patria
generated Fee Related Earnings of $35.3 million in Q4 2022, up 20%
from $29.3 million in Q4 2021, with an FRE margin of 58%. For the
full year 2022, Patria generated Fee Related Earnings of $130.0
million, up 51% from 86.0 million in 2021, with an FRE margin of
57%. Distributable Earnings were $53.3 million for Q4 2022, or
$0.36 per share, and $147.1 for the full year, or $1.00 per
share.
Dividends
Patria has declared a quarterly dividend of $0.308 per share to
record holders of common stock at the close of business on March 1,
2023. This dividend will be paid on March 22, 2023.
Conference Call
Patria will host its fourth quarter and full year 2022 earnings
conference call via public webcast on February 14, 2023 at 9:00
a.m. ET. To register and join, please use the following link:
https://edge.media-server.com/mmc/p/8zkkn696
For those unable to listen to the live broadcast, there will be
a webcast replay on the Shareholders section of Patria’s website at
https://ir.patria.com/ shortly after the call’s completion.
About Patria
Patria is a leading alternative investment firm focused on Latin
America, with over 30 years of history and combined assets under
management of $27.2 billion, and a global presence with offices in
10 cities across 4 continents. Patria aims to provide consistent
returns in attractive long-term investment opportunities that allow
for portfolio diversification through its Private Equity,
Infrastructure, Credit, Public Equities and Real Estate products.
Through its investments Patria seeks to transform industries and
untangle bottlenecks, generating attractive returns for its
investors, while creating sustainable value for society. Further
information is available at www.patria.com.
Forward-Looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. You can identify these forward-looking statements by the
use of words such as "outlook," "indicator," "believes," "expects,"
"potential," "continues," "may," "will," "should," "seeks,"
"approximately," "predicts," "intends," "plans," "estimates,"
"anticipates" or the negative version of these words or other
comparable words. Such forward-looking statements are subject to
various risks and uncertainties. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. We
believe these factors include but are not limited to those
described under the section entitled "Risk Factors" in our 424(b)
prospectus, as such factors may be updated from time to time in our
periodic filings with the United States Securities and Exchange
Commission ("SEC"), which are accessible on the SEC's website at
www.sec.gov. These factors should not be construed as exhaustive
and should be read in conjunction with the other cautionary
statements that are included in our periodic filings. The
forward-looking statements speak only as of the date of this press
release, and we undertake no obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise.
Contact
Josh Woodt +1 917 769 1611josh.wood@patria.com
Andre Medinat +1 345 640 4904andre.medina@patria.com
Patria Investments (NASDAQ:PAX)
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