Partners Group Holding AG · SIX:PGHN
Partners — H1 2021 Earnings Presentation
18 slides from Partners's earnings presentation, Jul 15, 2021
Slide 1: Business update H1 2021 & outlook H2 2021
15 JULY 2021 Business update H1 2021 & outlook H2 2021 David Layton, CEO | Hans Ploos van Amstel, CFO | Sarah Brewer, Co-Head Client Solutions Bilge Ogut Head Private Equity Technology | Chris Russell Private Equity Technology
Slide 2: Good momentum in investment and client activity
BUSINESS UPDATE H1 2021 & OUTLOOK H2 2021 2 Good momentum in investment and client activity Clients Investments Solid client demand Quality investments with catch-up in H1 USD 12 billion in new commitments across Based on an attractive pipeline, we invested USD 13 billion all private markets asset c
Slide 3: Table of contents
BUSINESS UPDATE H1 2021 & OUTLOOK H2 2021 3 Table of contents 1 AuM development H1 2021 2 Investments & outlook 3 AuM outlook 2021
Slide 4: Sustainable AuM growth across asset classes by capitalizing on thematic trends
AUM DEVELOPMENT H1 2021 4 Sustainable AuM growth across asset classes by capitalizing on thematic trends Total assets under management1 (in USD billion) 119 59bn 26bn Private Private equity debt 11 17bn 16bn Private Private real estate infrastructure 2011 2006 2007 2008 2009 2010 2012 2013 2014 2015
Slide 5: Bespoke client solutions lead fundraising and AuM
AUM DEVELOPMENT H1 2021 5 Bespoke client solutions lead fundraising and AuM Assets raised during H1 2021 AuM as of 30 June 2021 Private infrastructure Private infrastructure 10% 14% Private real estate 8% Private real estate 15% USD Private equity USD 12 billion Private equity 119 billion 49% Privat
Slide 6: Robust client demand and strong performance drive AuM growth
AUM DEVELOPMENT H1 2021 6 Robust client demand and strong performance drive AuM growth Total assets under management development (in USD billion, except where stated otherwise) +12.1 -3.9 +1.6 Tail-downs: -2.9 Other +3.3 118.9 = EUR 100.3 bn = CHF 109.9 bn Redemptions: -1.0 109.1 FX -1.6 Performance
Slide 7: Growth across all asset classes
AUM DEVELOPMENT H1 2021 7 Growth across all asset classes Assets under management development in H1 2021 (in USD billion) New money/ Other Net AuM commitments factors1 AuM growth 5-year 2020 H1 2021 H1 2021 H1 2021 H1 2021 CAGR 2 Private equity 51.8 7.0 -0.3 58.6 13% 12% Private debt 24.8 2.8 -1.1 2
Slide 8: Table of contents
BUSINESS UPDATE H1 2021 & OUTLOOK H2 2021 8 Table of contents 1 AuM development H1 2021 2 Investments & outlook 3 AuM outlook 2021
Slide 9: USD 13 billion committed to transformational investing in H1 2021, led by the US
INVESTMENTS & OUTLOOK 9 USD 13 billion committed to transformational investing in H1 2021, led by the US Partners Group's private markets investments (in USD billion) Prim. Sec. 21.7 19% Portfolio Direct Sec. Equity Prim. USD assets assets Equity 17.0 10% 13 billion 52% 59% 41% BSL H2 13.6 12% Debt
Slide 10: Examples of investments into leading assets in attractive sectors
INVESTMENTS & OUTLOOK 10 Examples of investments into leading assets in attractive sectors Private equity Private infrastructure Private real estate Supplying critical, safe and Establishing a platform for essential Supporting structural tailwinds high-quality medical apparel telecommunications infr
Slide 11: Supportive exit markets in H1 are expected to drive H2 portfolio distributions
INVESTMENTS & OUTLOOK 11 Supportive exit markets in H1 are expected to drive H2 portfolio distributions Partners Group's underlying portfolio realizations (in USD billion) Prim. Sec. Equity • Strong divestment activities in a 13.4 H2 supportive exit environment amid 11.8 11.8 11.0 10.5 robust demand
Slide 12: Examples of successful asset transformations
INVESTMENTS & OUTLOOK 12 Examples of successful asset transformations Private equity Private equity Private real estate Helping businesses navigate Enhancing services for patients and Building core the digital transition the medical community US industrial portfolio Leading software development and
Slide 13: Table of contents
BUSINESS UPDATE H1 2021 & OUTLOOK H2 2021 13 Table of contents 1 AuM development H1 2021 2 Investments & outlook 3 AuM outlook 2021
Slide 14: Expected increase in long-term demand for private markets solutions
AUM OUTLOOK 2021 14 Expected increase in long-term demand for private markets solutions1 Investors' intentions for their Partners Group's private markets allocations by 20251 private markets solutions2 Decrease Maintain Increase Private Evergreen Mandates -4% 96% equity USD 33bn USD 45bn Private -8%
Slide 15: 2021 guidance raised to USD 19-22 billion based on solid client demand in H1
AUM OUTLOOK 2021 15 2021 guidance raised to USD 19-22 billion based on solid client demand in H1 Total expected gross client demand 2021 (in USD billion) Fundraising topics 2021 • Mandates & evergreen 19 – 22 Private Cross-asset private markets solutions • Direct equity equity 16 – 20 • Global integ
Slide 16: Outlook 2021 reflects continued client demand
AUM OUTLOOK 2021 16 Outlook 2021 reflects continued client demand AuM, client demand and other effects (in USD billion) Full-year 2021 expectations 19 - 22 Client demand +16.0 109 +16.5 +15.7 94 Tail-downs & ~ -9.5 redemptions1 83 +15.0 74 -8.1 -7.1 57 -5.6 +7.1 +/- FX & other2 FX & other2 (no guida
Slide 17: Contacts
17 Contacts Shareholder relations contact: Zugerstrasse 57 Philip Sauer 6341 Baar-Zug T +41 41 784 66 60 Switzerland philip.sauer@partnersgroup.com T +41 41 784 60 00 partnersgroup@partnersgroup.com Media relations contact: Jenny Blinch www.partnersgroup.com T +44 207 575 25 71 jenny.blinch@partners
Slide 18: Disclaimer
IMPORTANT NOTICE 18 Disclaimer NEITHER THE INFORMATION IN THIS DOCUMENT NOR ANY RELATED MATERIALS MAY BE TAKEN OR TRANSMITTED INTO THE UNITED STATES OR DISTRIBUTED OR REDISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. This presentation is strictly confidential t
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