Slide 1: 9M 2024 Financial Results Presentation
9M 2024 Financial Results Presentation 14 November 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: Market environment & operational activity
Market environment & operational activity 9M 2024
Slide 3: First signs of stabilisation in transaction volumes in still subdued market
Market environment & operational activity First signs of stabilisation in transaction volumes in still subdued market • First signs of stabilisation in transaction volumes Transaction volumes by sector in Europe in a continued subdued market environment 2008 – 2024 | in EUR bn 450 • Economic headwin
Slide 4: Beginning stabilisation in investor sentiment: equity raised +168% y-o-y
Market environment & operational activity Beginning stabilisation in investor sentiment: equity raised +168% y-o-y Equity raised in 9M 2024 Transactions signed in 9M 2024 24% 38% EUR EUR 36% 0.7 bn 1.3 bn 52% 64% 62% 24% Acquisitions Disposals Acquisitions Real Estate Infrastructure Disposals Real E
Slide 5: Latest transactions underline our smart real asset investment focus
Market environment & operational activity Latest transactions underline our smart real asset investment focus Product | PATRIZIA secures Transactions | Italy PATRIZIA completes England strategic repositioning investment into mandate for iconic leading independent Pinners Hall in the City Italian was
Slide 6: Financials & Guidance
Financials & Guidance 9M 2024
Slide 7: Resilience of assets under management
Financials & Guidance Resilience of assets under management AUM development 9M 2024| EUR bn • AUM decreased by -2.3% to EUR 55.9bn in 9M 2024 (FY 2023: EUR 57.3bn; -4.0% y-o-y) 60,0 1,3 • Acquisitions of EUR 1.3bn with the majority in -0,9 -0,5 -1,1 infrastructure, residential and fund of fund busin
Slide 8: Broad diversification of assets under management across asset classes and regions
Financials & Guidance Broad diversification of assets under management across asset classes and regions EUR 55.9 bn assets under 81 % resilient Core management 2% 3% 3% and Core plus 6% strategies 5% 19% 3% 26% 3% 17% 4% 4% AUM by AUM by AUM by 7% geography 53% sector 17% risk style 12% 64% 4% 11% 9
Slide 9: 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 -8.6% 31,7 187,7 171,6 18,2 8,8 +1.2% 8,9 - 42.6% 1,9 3,4 6,9 5,5 9M 2023 9M 2024 9M 2023 9M 2024 9M 2023 9M 2024 Total service f
Slide 10: Cost containment remains priority showing first effects in operating expenses
Financials & Guidance Cost containment remains priority showing first effects in operating expenses Changes in operating expenses y-o-y EUR m • Overall progress of the cost reduction program as well as a lower headcount (FTE in 9M 2024: 885 +37.4% -2.3% -2.8% vs. 9M 2023: 978) +0.6% 1,1 12,5
Slide 11: EBITDA impacted by extraordinary items and subdued market environment
Financials & Guidance EBITDA impacted by extraordinary items and subdued market environment Composition of EBITDA | EUR m • EBITDA down -73.3% y-o-y to EUR 13.4m impacted by negative results from a temporarily consolidated at-equity investment and extraordinary items -42.6% -211.2% -2.8% -
Slide 12: Solid balance sheet and financial strength provide flexibility in current environment
Financials & Guidance Solid balance sheet and financial strength provide flexibility in current environment Strong balance sheet Significant liquidity • Net debt of EUR 143.8m, driven by invest- EUR m 30.09.2024 EUR m 30.09.2024 ments via temporarily consolidated funds Total assets 1,968.0 Bank bala
Slide 13: Balance sheet supports strategic fund investment initiatives
Financials & Guidance Balance sheet supports strategic fund investment initiatives Balance sheet allows for seeding and selective warehousing when favourable opportunities emerge Major balance sheet investments as at 30 September 2024 EUR m EUR m Non-current assets Seeding Participations 584 (e.g. D
Slide 14: Guidance ranges confirmed for FY 2024
Financials & Guidance Guidance ranges confirmed for FY 2024 • Macro-economic environment remains a challenge for most clients, particularly in the real estate investment sector 9M 9M Guidance FY 2023 2023 2024 FY 2024 • Client investment activity expected AUM to pick up gradually 57.3 58.2 55.9 54.0
Slide 15: Illustrative bridge from 9M 2024 to FY 2024 guidance range
Financials & Guidance Illustrative bridge from 9M 2024 to FY 2024 guidance range Deconsolidation effect in 9M 2024 | EUR m • 9M 2024 EBITDA burdened by 60.0 temporarily consolidated funds – 30.0 • Q4 2024 Deconsolidation effect expected • Q4 2024 EBITDA expected to be supported by transactions fees
Slide 16: Appendix
Appendix 9M 2024
Slide 17: Financial calendar 2025
Appendix Financial calendar 2025 27 FEB 25 2024 Preliminary results with investor and analyst conference call 21 MAR 25 2024 Annual Report 14 MAY 25 3M 2025 Financial Report with investor and analyst conference call 04 JUN 25 2025 Annual General Meeting 13 AUG 25 H1 2025 Financial Report with invest
Slide 18: Contact
Appendix Contact MARTIN PRAUM VERENA SCHOPP DE ALVARENGA LAURA WALZ Executive Director | CFO Senior Associate | Investor Relations Senior Associate | Investor Relations investor.relations@patrizia.ag T +49 821 50910-403 T +49 821 50910-347 M +49 151 58339292 M +49 170 1185603 investor.relations@patr