Eurazeo Se · EURONEXT:RF
Eurazeo — Q1 2025 Earnings Presentation
15 slides from Eurazeo's earnings presentation, May 15, 2025
Slide 1: Q1 2025 Trading Update
2025 Q1 2025 TRADING UPDATE MAY 15, 2025
Slide 2: Strong Fundraising at €944M in Q1 2025
Q1 2025 REVENUES – 15.05.2025 STRONG FUNDRAISING AT €944M IN Q1 2025 Third party fundraising Q1 FACTS 944 Institutional LPs : Continued strong momentum in Private Debt 447 Final close of MLBO EC V program at 3 bn€ First close securing 300 M€ on Eurazeo Planet x4 Boundaries Fund (article 9, Buyout) 1
Slide 3: Solid and Diversified Fundraising Pipeline for 2025
Q1 2025 REVENUES – 15.05.2025 SOLID AND DIVERSIFIED FUNDRAISING PIPELINE FOR 2025 Flagship EPD VII ESF V EGF IV PME V FUNDS Thematic EPBF ESMI II EZORE ETIF II FUNDS Eurazeo E.P.I.C. E.P.S.O. EEC III Private Equity Private Debt Real assets 3
Slide 4: Third-Party FPAUM Growth Up +12% LTM
Q1 2025 REVENUES – 15.05.2025 THIRD-PARTY FPAUM GROWTH UP +12% LTM ASSETS UNDER MANAGEMENT1,2 FEE-PAYING ASSETS UNDER MANAGEMENT BALANCE SHEET THIRD PARTY BALANCE SHEET THIRD PARTY +7% 36.8 34.4 +9% 27,5 25,4 10.1 -5% 10.6 7,6 7,5 +1% +12% +12% 26.7 23,8 20,0 17,9 Q1 2024 Q1 2025 Q1 2024 Q1 2025 1.
Slide 5: Third-Party Management Fees Up +13%
Q1 2025 REVENUES – 15.05.2025 THIRD-PARTY MANAGEMENT FEES UP +13% MANAGEMENT FEES1 +9% 107 99 55 50 +13% Third-party management fees (+12% excl. catch-up fees) 1 19 23 -1% 30 29 Balance sheet management fees Q1 2024 Q1 2025 BALANCE SHEET THIRD-PARTY IMGP THIRD-PARTY PRIVATE MARKETS 1. 5
Slide 6: Good Execution of the Asset Rotation Plan
Q1 2025 REVENUES – 15.05.2025 GOOD EXECUTION OF THE ASSET ROTATION PLAN Asset Management deployment Asset Management realizations €716m €785m 47 x2 €408m +c.€485m (completed1) 17 517 €414m 114 40 80 1 1 8 70 277 294 220 €231m 153 In Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 ~€5.7BN DRY POWDER2 FROM 3r
Slide 7: Balance Sheet Rotation on Track
Q1 2025 REVENUES – 15.05.2025 BALANCE SHEET ROTATION ON TRACK Realized and announced deals Realized sale of : c.€325m Balance sheet rotation + Announced secondary transaction on ~6.5% selected MLBO assets: c.€200m of net portfolio value1 = c.€525m YTD 1. Realizations (realized & announced year-to-da
Slide 8: Solid Revenue Growth on Portfolio Companies
Q1 2025 REVENUES – 15.05.2025 SOLID REVENUE GROWTH ON PORTFOLIO COMPANIES1 BUYOUT4 GROWTH +7%5 excl. WorldStrides +14% Total 21% c.+40% EGF IV Net Portfolio Value REAL ASSETS 61% €7.9BN2 11% +0% Hospitality6 +21% Infrastructure 7% 1. 4. 5. 2. 6. 3. 8
Slide 9: Questions & Answers
QUESTIONS & ANSWERS
Slide 10: Appendix
Appendix www.eurazeo.com CONFIDENTIAL
Slide 11: Selected Funds Performance as of End Dec 2024
APPENDIX SELECTED FUNDS PERFORMANCE AS OF END DEC 20241 Strategy Fund name Vintage Year Fund size (m€) o/w BS (€m) % invested Gross MOIC Gross IRR Gross DPI Private Equity PRIVATE DEBT REAL ASSETS 1. Glossary : 2. 3. Q1 2024 REVENUES – 07.05.2025 11
Slide 12: Financial Agenda
APPENDIX FINANCIAL AGENDA July 24, 2025 November 06, 2025 HALF YEAR 2025 3RD QUARTER 2025 Results Revenues 12
Slide 13: Eurazeo Contacts and Analyst Coverage
APPENDIX EURAZEO CONTACTS www.eurazeo.com ANALYST COVERAGE Alpha Value Saïma Hussein INVESTOR RELATIONS Autonomous Bernstein Isobel Hettrick Pierre Berenberg Christoph Greulich BERNARDIN CM-CIC Arnaud Palliez pbernardin@eurazeo.com +33 (0)1 44 15 16 76 Degroof Petercam Joren Van Aken Exane BNP Parib
Slide 14: Disclaimer
APPENDIX DISCLAIMER CONFIDENTIALITY This presentation (the “Presentation”) has been prepared by Eurazeo. This presentation may not be distributed, published or reproduced, in full or in part, and the information contained herein must not be released by its recipients to third parties. The recipients
Slide 15: www.eurazeo.com
www.eurazeo.com CONFIDENTIAL