Slide 1: Results Presentation 9M 2022
Data as at FY 2020 | 1) According to leading industry rankings by IREI 2020, prequin 2020 and PropertyEU 2020 Results Presentation PATRIZIA | © 2021 9M 2022 | 10 November 2022 1
Slide 2: Video presentation
Video presentation PATRIZIA SE | 9M 2022 Financial Results | CFO video presentation Access via weblink: https://bit.ly/PAT9M2022 Access via QR code: PATRIZIA | © 2022 2
Slide 3: Response to market environment
Response to market environment 9M 2022
Slide 4: Market trends and implications for PATRIZIA
Response to market environment Market trends Implications for PATRIZIA: High volatility Risk aversion in financial markets increased • No stabilisation of geopolitical environment or interest rates and inflation cautious investor market conditions expected short-term make pricing difficult sentiment
Slide 5: Adjusted Guidance 2022
Response to market environment Adjusted Guidance 2022 Adjustment of guidance and reorganisation albeit Composition of EBITDA | EUR m maintaining midterm growth ambitions 1 • c60% of guidance adjustment driven by reduced revenue expectations: • Lower AUM growth assumption and market activity slow dow
Slide 6: Strategic & operational highlights
Strategic & operational highlights 9M 2022
Slide 7: Update on Dawonia
Strategic & operational highlights 9M 2022 Update on Dawonia • The investor consortium and PATRIZIA recently agreed to extend the investment phase of the fund mid-term • The initial investment phase was previously set for 10 years and could have ended in 2023 • Decision on the possible retention or
Slide 8: Selected transactions for PATRIZIA's global clients in Q3 2022
Strategic & operational highlights 9M 2022 Selected transactions for PATRIZIA’s global clients in Q3 2022 PATRIZIA Infrastructure PATRIZIA enters Italian Norway student housing market Italia Completion of SAREN Energy merger to Investment of c. EUR 70m in a create a EUR 350m district heating new-bui
Slide 9: Financials & Guidance
Financials & Guidance 9M 2022
Slide 10: AUM development in 2022
Financials 9M 2022 AUM development in 2022 AUM development 9M 2022| EUR bn AUM development Q3 2022 | EUR bn 60 60 0.7 56.2 0.2 56.9 50 5.5 51.6 50 1.7 48.6 1.3 50.3 40 40 57.1 57.1 56.2 30 48.6 30 20 20 10 10 0 0 FY Net Valuation M&A 9M H1 Net Valuation 9M 2021 organic effect & 2022 2022 organic eff
Slide 11: Resilient AUM through broadly diversified portfolio
Financials 9M 2022 Asset light business model: Resilient AUM through broadly diversified portfolio Strongly diversified portfolio Resilience against potential valuation pressure: • Broad sector diversification over various asset classes • Broad geographical diversification with an increasingly inter
Slide 12: Strongly diversified portfolio with low risk profile
Financials 9M 2022 Strongly diversified portfolio with low risk profile EUR sqm 57.1assets under bn 17.4 m real estate assets 80 % resilient Core and management under management Core plus strategies 3% 3% 3% 8% 4% 20% 2% 11% 5% 30% 3% AUM by AUM by AUM by 7% geography 53% 14% sector risk style 17% 6
Slide 13: Composition of EBITDA
Financials 9M 2022 Composition of EBITDA • 9M 2022 results driven by AUM growth and associated growth Composition of EBITDA | EUR m in recurring management fees • Total service fee income at EUR 248.3m, slightly below previous +16.4% +6.5% year’s level (9M 2021: EUR 255.0m; -2.6%); recurring m
Slide 14: Total service fee income largely stable driven by strong growth in management fees
Financials 9M 2022 Total service fee income largely stable driven by strong growth in management fees Management fees | EUR m Transaction fees | EUR m Performance fees |fees Performance EUR|mEUR m 235.0 – 245.0 34.0 7.1 +18.9% 184.1 154.8 20.0 – 25.0 - 57.3% 14.5 66.2 26.9 2.5 55.0 – 60.0 - 24
Slide 15: Net operating expenses
Financials 9M 2022 Net operating expenses • Net operating expenses impacted by the initial consolidation of Net operating expenses| EUR m Whitehelm Capital, associated one-off effects and strategic investments • Staff costs increased due to a higher number of full-time employees in the 2.5 -17.8 Gro
Slide 16: Solid balance sheet and available liquidity provide capacity to seize opportunities
Financials 9M 2022 PATRIZIA’s solid balance sheet and available liquidity provide capacity to seize opportunities • Continued strong balance sheet ratios and capital Strong balance sheet Significant liquidity structure to facilitate further profitable growth EUR m 30.09.2022 EUR m 30.09.2022 • Net c
Slide 17: Updated guidance for FY 2022
Financials 9M 2022 Updated guidance for FY 2022 Income composition FY 2022e | EUR m • Assets under Management of EUR 57.0 – 58.0bn (previously EUR 57.0 – 60.0bn) • Management fees of EUR 235.0 – 245.0m (previously EUR 245.0 – 260.0m) • Transaction fees of EUR 20.0 – 25.0m (previously EUR 30.0 – 38.0
Slide 18: Appendix
Appendix 9M 2022
Slide 19: Financial calendar 2023
Financial calendar 2023 28 FEB 2022 Preliminary results FY 2022 with investor and analyst conference call 23 MAR 2022 FY Annual Report 12 MAY 2023 3M Interim Statement with investor and analyst conference call 25 MAY 2023 Annual General Meeting 11 AUG 2023 H1 Financial Report with investor and analy
Slide 20: Contact
Appendix Contact CHRISTOPH GLASER MARTIN PRAUM Executive Director| CFO Senior Managing Director Head of Investor Relations & Group Reporting PATRIZIA SE Fuggerstrasse 26 T +49 69 643505-1114 86150 Augsburg, Germany M +49 151 19685445 investor.relations@patrizia.ag SEBASTIAN WEIS JANINA ROCHELL VEREN