Slide 1: 3M 2024 Financial Results Presentation
3M 2024 Financial Results Presentation 15 May 2024 Data as at FY 2020 | 1) According to leading industry rankings by IREI 2020, prequin 2020 and PropertyEU 2020 PATRIZIA | © 2024 1
Slide 2: Operational activity
Operational activity 3M 2024
Slide 3: First signs of stabilisation emerge in a still muted market environment
Operational activity First signs of stabilisation emerge in a still muted market environment Equity raised in 3M 2024 Transactions signed in 3M 2024 12% 22% EUR EUR 311 m 32% 324 m 52% 48% (up 13x y-o-y) (+22.6% y-o-y) 56% 78% Acquisitions Disposals Acquisitions Real Estate Infrastructure Disposals
Slide 4: PATRIZIA is poised to seize opportunities created by four key transition themes
Operational activity PATRIZIA is poised to seize opportunities created by four key transition themes DIGITAL TRANSITION URBAN TRANSITION Fibre & wireless Smart buildings Data centres D U Urban logistics Smart city Mixed-use districts networks infrastructure E L Renewable energy, Decarbonisation Wast
Slide 5: Financials & Guidance
Financials & Guidance 3M 2024
Slide 6: Resilience of AUM confirmed
Financials & Guidance Resilience of AUM confirmed AUM development 3M 2024| EUR bn • AUM decreased by -1.0% to EUR 56.7bn quarter on quarter (3M 2023: EUR 56.7bn; -2.4% y-o-y) 60.0 0.3 • Acquisitions of EUR 0.3bn with the majority in 0.0 0.0 -0.3 -0.5 infrastructure, residential and health care 50.0
Slide 7: Broad diversification supports AUM resilience
Financials & Guidance Broad diversification supports AUM resilience EUR 56.7 bn assets under 2% 3% 3% 81 % resilient Core 6% management and Core plus 4% 19% 3% 4% 27% strategies 4% 16% 4% AUM by AUM by AUM by 7% geography 53% sector 18% risk style 12% 64% 4% 11% 9% 28% Germany UK & Ireland Office Re
Slide 8: Total service fee income reflective of continued low market activity
Financials & Guidance Total service fee income reflective of continued low market activity Management fees | EUR m Transaction fees | EUR m Performance fees | EUR m 62.2 -7.2% 57.7 20.4 - 28.3% 14.6 1.1 - 85.3% 0.2 3M 2023 3M 2024 3M 2023 3M 2024 3M 2023 3M 2024 Total service fee income decrea
Slide 9: Reduction of other operating expenses partially offsets inflation-driven staff cost increase
Financials & Guidance Reduction of other operating expenses partially offsets inflation-driven staff cost increase Changes in operating expenses y-o-y EUR m • Operating expenses increased to EUR 62.5m (3M 2023: EUR 61.5m; +1.7%) +4.8% >+100.0% +1.7% -7.3% 1.0 • Staff costs of EUR 41.6m (3M 2
Slide 10: EBITDA development in line with management expectations in a challenging market
Financials & Guidance EBITDA development in line with management expectations in a challenging market Composition of EBITDA | EUR m • EBITDA down -36.3% y-o-y to EUR 17.3m due to market-driven decrease in total service fee income -28.3% -5.1% +1.7% • Net sales revenues and co-investment income
Slide 11: Strong balance sheet and financial strength provide flexibility in current environment
Financials & Guidance Strong balance sheet and financial strength provide flexibility in current environment Strong balance sheet Significant liquidity • Net cash increased q-o-q due to capital EUR m 31.03.2024 EUR m 31.03.2024 return from seed investment and further Total assets 2,019.3 Bank balanc
Slide 12: Balance sheet supports strategic fund investment initiatives
Financials & Guidance Balance sheet supports strategic fund investment initiatives Major balance sheet investments as at 31 March 2024 EUR m EUR m Seeding Non-current assets Participations Debt investment provided to 598 Debt Fund II 0 (e.g. Dawonia) telecom infrastructure business Other non-current
Slide 13: Management proposes EUR 0.34 per share at this year's Annual General Meeting
Financials & Guidance Management proposes EUR 0.34 per share at this year's Annual General Meeting • This year’s Annual General Meeting will be held on Dividend per share (EUR) 12 June 2024 +3.0% +6.7% +3.1% 0.34 • Management and the Board of Directors propose 0.33 +7.4% +3.4% 0.32 a dividend per sh
Slide 14: Guidance confirmed - cautious optimism for FY 2024
Financials & Guidance Guidance confirmed - cautious optimism for FY 2024 • Macro-economic climate poses challenges 3M 3M Guidance FY 2023 for most clients, particularly in real estate 2023 2024 FY 2024 AUM 57.3 58.1 56.7 54.0 – 60.0 • Client investment activity expected to pick up in (in EUR bn) the
Slide 15: Appendix
Appendix 3M 2024
Slide 16: Financial calendar 2024
Appendix Financial calendar 2024 15 MAY 24 3M 2024 Interim Statement with investor and analyst conference call 12 JUN 24 2024 Annual General Meeting 14 AUG 24 H1 2024 Financial Report with investor and analyst conference call 14 NOV 24 9M 2024 Interim Statement with investor and analyst conference c
Slide 17: Contact
Appendix Contact CHRISTOPH GLASER MARTIN PRAUM Executive Director | CFO Senior Managing Director Head of Investor Relations & Group Reporting PATRIZIA SE T +49 69 643505-1114 Fuggerstrasse 26 M +49 151 19685445 86150 Augsburg, Germany investor.relations@patrizia.ag DR JANINA ROCHELL VERENA SCHOPP DE