Slide 1: Results Presentation 3M 2021
Results Presentation PATRIZIA | © 2021 3M 2021 | 12 May 2021
Slide 2: Video presentation
Video presentation PATRIZIA 3M 2021 Financial Results | Video presentation Let our CFO Karim Bohn guide you through the most important points of our 3M 2021 Financial Results Access via QR code Access via weblink https://youtu.be/vGdIs1YAuo0 PATRIZIA | © 2021 2
Slide 3: PATRIZIA beyond financials – 3M 2021 milestones
Financials 3M 2021 PATRIZIA beyond financials – 3M 2021 milestones Resilient business Structural growth Sustainability and model and platform market Transparency EUR 1.0 bn of transactions signed in Client survey confirms long-term Building communities & sustainable 3M 2021 structural growth case fu
Slide 4: Four key messages for 3M 2021
Financials 3M 2021 Four key messages for 3M 2021 A forward-thinking partner who invests responsibly to deliver real value 1 2 3 4 Good start into Rock-solid Increased Guidance for FY the year balance sheet profitability 2021 confirmed Operating income Net equity ratio of Management fees With a well
Slide 5: Our balance sheet is stronger than ever
Financials 3M 2021 Our balance sheet is stronger than ever We will continue to invest in our platform, in people and technology to offer our clients best in class products • Strong balance sheet ratios and capital structure to facilitate further profitable growth • Performance fee claim on Dawonia3
Slide 6: Financials & Guidance
Financials & Guidance 3M 2021 PATRIZIA | © 2021 6
Slide 7: Highlights
Financials 3M 2021 Highlights PATRIZIA with solid start into FY 2021 – confirmed guidance implies continued growth Assets under management | EUR bn FY 2020 • Operating income of EUR 26.5m in 3M 2021, an increase of 7.4% 50.0 – 53.0 compared to 3M 2020 47.0 47.2 1.1 Fund of funds • Assets under manag
Slide 8: Operating income
Financials 3M 2021 Operating income Solid financial results despite challenging market environment Composition 3M 2021 | EUR m • Solid operating income despite challenging market environment due to continued Covid-19 pandemic -19.7% -1.1% • Total service fee income of EUR 82.7m (+2.9%) driven
Slide 9: Management fees
Financials 3M 2021 Management fees Increased AUM and recurring management fees, despite continued Covid-19 related lock-downs • Management fees of EUR 50.9m (+5.8% y-o-y) prove the stability and resilience of the business model • FY 2021 guidance between EUR 204.0 – 208.0m confirmed, i.e. 5.5 - 7.5%
Slide 10: Transaction fees
Financials 3M 2021 Transaction fees Resilient business model and platform • During 3M 2021 PATRIZIA signed transactions worth EUR 1.0bn for its global clients, an increase of 16.0% y-o-y, i.e. strong outperformance of the European real estate transaction market which is down -32.0% y-o-y1 • Ongoing
Slide 11: Guidance for FY 2021 confirmed
Financials 3M 2021 Guidance for FY 2021 confirmed Profitable growth to continue – FY 2021 Guidance in line with mid-term strategy Assumptions for FY 2021 Income composition FY 2021e | EUR m • Recurring management fee growth of 5.5 - 7.5% expected for FY 2021 driven by further organic AUM growth • Pe
Slide 12: Appendix
Appendix PATRIZIA | © 2021 12
Slide 13: Capital allocation
Appendix Capital allocation PATRIZIA's capital allocation as at 31 March 2021 Assets under Invested capital Invested Management (fair value) capital (at cost) Participations EUR m EUR m EUR m in % Third-party business 41,153.2 0.0 Co-Investments 6,078.0 511.8 88.3 Residential 5,515.8 496.7 76.0 Dawo
Slide 14: Reconciliation of operating income
Appendix Reconciliation of operating income Reconciliation of operating income EUR k 3M 2021 3M 2020 Change EBITDA 31,750 29,625 7.2% Amortisation of other intangible assets¹, software and rights of use, depreciation of property, plant and equipment as well as financial investments -8,211 -8,787 -6.
Slide 15: Consolidated income statement
Appendix Consolidated income statement EUR k 3M 2021 3M 2020 Revenues 58,835 66,586 Changes in inventories 1,717 -1,545 Other operating income 526 2,057 Total operating performance 61,079 67,099 Cost of materials -516 -702 Cost of purchased services -5,051 -5,115 Staff costs -34,417 -34,101 Other op
Slide 16: Consolidated balance sheet | Assets
Appendix Consolidated balance sheet | Assets Assets EUR k 31.03.2021 31.12.2020 A. Non-current assets Goodwill 215,563 212,353 Other intangible assets 103,152 106,137 Software 15,823 16,603 Rights of use 37,647 25,906 Investment property 1,838 1,838 Equipment 8,020 7,305 Associated companies account
Slide 17: Consolidated balance sheet | Equity and liabilities
Appendix Consolidated balance sheet | Equity and liabilities Equity and liabilities EUR k 31.03.2021 31.12.2020 A. Equity Share capital 89,683 89,683 Capital reserves 129,751 129,751 Retained earnings Legal reserves 505 505 Currency translation difference 382 -7,944 Remeasurements of defined benefit
Slide 18: Financial calendar
Appendix Financial calendar 2021 May 12 ➢ Quarterly Statement for the first quarter of 2021 August 5 ➢ Interim Report for the first half of 2021 October 14 ➢ Annual General Meeting, virtual November 11 ➢ Quarterly Statement for the first nine months of 2021 Invitations and dial-in numbers are provid
Slide 19: Contact
Appendix Contact KARIM BOHN MARTIN PRAUM Member of the Senior Managing Director Management Board | CFO Head of Investor Relations PATRIZIA AG T +49 821 50910-402 Fuggerstrasse 26 F +49 821 50910-399 86150 Augsburg M +49 151 19685445 Germany investor.relations@patrizia.ag VERENA SCHOPP DE ALVARENGA M