Virtus Investment Partners (VRTS) Investor presentation summary

Business model and capabilities

• Multi-boutique platform managed $152.2 billion in AUM at June 30, 2026, across equity, fixed income, multi-asset and alternatives; another $1.7 billion of fee-earning assets is excluded from AUM.

• Investment managers retain autonomy over investment process, team, culture and brand, supported by shared business services and distribution; incentives align managers with the partnership.

• AUM mix: equity 45.2%, fixed income 26.6%, multi-asset 15.3% and alternatives 12.9%.

• Offerings span mutual funds, closed-end funds, ETFs, separate accounts, institutional vehicles, structured products and private funds.

Performance and asset flows

• AUM outperforming benchmarks: 41% over 1 year, 39% over 3 years, 40% over 5 years and 43% over 10 years, as of June 30, 2026.

• Fixed-income AUM outperformed benchmarks across 87% at 1 year, 80% at 3 years, 68% at 5 years and 73% at 10 years; equity results were 10%, 11%, 24% and 25%, respectively.

• Q2 2026 AUM ended at $152.2 billion, up from $149.0 billion in Q1 2026 and down from $170.7 billion a year earlier; Q2 market performance added $9.3 billion.

• YTD 2026 net flows were negative $6.9 billion on $11.8 billion of inflows and $18.7 billion of outflows; Q2 sales rate was 16.3% and net flow rate was negative 15.2%.

Financial results and balance sheet

• Q2 2026 adjusted revenue was $183.6 million and adjusted operating income was $47.9 million, versus $191.0 million and $59.8 million in Q2 2025.

• Q2 adjusted net income attributable to shareholders was $37.6 million, or $5.54 per diluted share; adjusted operating margin was 26.1%, versus 31.3% in Q2 2025.

• At June 30, 2026, gross debt was $427 million, net debt was $251 million and working capital was $72 million.