Patria Investments Limited · NASDAQ:PAX
Patria Investments — Q1 2025 Earnings Presentation
29 slides from Patria Investments's earnings presentation, May 2, 2025
Slide 1: 1Q25 Earnings Presentation
May 2, 2025 PATRIA INVESTMENTS (NASDAQ: PAX) 1Q25 Earnings Presentation
Slide 2: Disclaimer
PAX 1Q25 Earnings Presentation Disclaimer
Slide 3: Patria Reports First Quarter 2025 Results
PAX 1Q25 Earnings Presentation Patria Reports First Quarter 2025 Results Dividends Conference About Call Patria Shareholder Relations Contact
Slide 4: Patria’s First Quarter IFRS Results
PAX 1Q25 Earnings Presentation Patria’s First Quarter IFRS Results IFRS Net Income attributable to Patria was $13.6 million for 1Q25
Slide 5: Message from Patria’s CEO
PAX 1Q25 Earnings Presentation Message from Patria’s CEO
Slide 6: Patria’s First Quarter 2025 Summary
PAX 1Q25 Earnings Presentation Patria’s First Quarter 2025 Summary
Slide 7: Patria’s First Quarter 2025 Summary
PAX 1Q25 Earnings Presentation Patria’s First Quarter 2025 Summary • • • • • • • • • • • •
Slide 8: Regional and Company Positioning in an Uncertain World
PAX 1Q25 Earnings Presentation Regional and Company Positioning in an Uncertain World Latam becoming a more attractive destination for capital as our diversified model enhances our resiliency • • • • • •
Slide 9: Patria’s First Quarter 2025 Earnings
PAX 1Q25 Earnings Presentation Patria’s First Quarter 2025 Earnings Distributable Earnings (“DE”) of $36.8 million in 1Q25 (US$ in millions) 1Q24 4Q24 1Q25
Slide 10: Fee Related Earnings (“FRE”)
PAX 1Q25 Earnings Presentation Fee Related Earnings (“FRE”) • • • • (US$ in millions) 1Q24 4Q24 1Q25
Slide 11: Net Accrued Performance Fees for Drawdown Funds
PAX 1Q25 Earnings Presentation Net Accrued Performance Fees for Drawdown Funds • • • Net Accrued Performance Fees 1Q25 Composition by Fund US$ 368 mn 1Q24 4Q24 PE V PE VI IS IV IS III Others1 1Q25 Realized 1Q25 (2015) (2019) (2018) (2013) Before Perf. Fee Realization
Slide 12: Fundraising
PAX 1Q25 Earnings Presentation Fundraising • • • (US$ in millions) Private Equity Infrastructure Credit Public Equities Real Estate GPMS Total
Slide 13: Total Assets Under Management
PAX 1Q25 Earnings Presentation Total Assets Under Management +43% $45.8bn + • 32.0bn • Fair Value Uncalled Capital $ of Investments Pending FEAUM 1Q24 1Q25
Slide 14: Fee Earning Assets Under Management
PAX 1Q25 Earnings Presentation Fee Earning Assets Under Management • +46% $35.0bn 1Q25 Mgmt. Fee Revenue Breakdown Per Strategy $ 23.9bn • 1Q24 1Q25
Slide 15: Key Fee Characteristics By Investment Vertical
PAX 1Q25 Earnings Presentation Key Fee Characteristics By Investment Vertical Frequency of Currency Exposure Effective Mgmt. Asset Class FEAUM by Structure Fee Basis Duration NAV Calculation Hard / Soft (%) Fee Rate Private Equity Infrastructure Credit Real Estate Public Equities GPMS
Slide 16: Total AUM Roll Forward
PAX 1Q25 Earnings Presentation Total AUM Roll Forward Private Equity Infrastructure Credit Public Equities Real Estate GPMS Total Private Equity Infrastructure Credit Public Equities Real Estate GPMS Total
Slide 17: Total FEAUM Roll Forward
PAX 1Q25 Earnings Presentation Total FEAUM Roll Forward Private Equity Infrastructure Credit Public Equities Real Estate GPMS Total Private Equity Infrastructure Credit Public Equities Real Estate GPMS Total
Slide 18: Investment Performance – Drawdown Funds
PAX 1Q25 Earnings Presentation Investment Performance – Drawdown Funds Committed Deployed Total Unrealized Realized Total (in Thousands, Except Where Noted) Net Returns Capital + Reserved Invested Investments Investments Value Fund (Vintage) Total Value Value Value Value Gross MOIC Net IRR Net IRR %
Slide 19: Investment Performance – REITs
PAX 1Q25 Earnings Presentation Investment Performance – REITs As of Mar 25 Returns in local currency - Since Inception AUM M IFIX (BR)1 / Inception Functional AUM M Total Return Market Ticker Fund Name Strategy (Functional IPC(COL) Year Currency (USD) (Annualized) Comparison Currency) (Annualized)
Slide 20: Investment Performance – Credit, Public Equities & GPMS
PAX 1Q25 Earnings Presentation Investment Performance – Credit, Public Equities & GPMS Functional Strategy Compounded Annualized Net Returns Excess Return Asset Class Strategy YTD Currency AUM (USD mn) 1yr 3yr 5yr Since Incep. Since Incept. Credit Public Equities GPMS
Slide 21: Reconciliations & Disclosures
PAX 1Q25 Earnings Presentation Reconciliations & Disclosures
Slide 22: Share Summary
PAX 1Q25 Earnings Presentation Share Summary (US$ in millions) 1Q24(1) 2Q24(2) 3Q24 4Q24(3) 1Q25(4)
Slide 23: Patria’s Earnings – Quarter View
PAX 1Q25 Earnings Presentation Patria’s Earnings – 5 Quarter View (US$ in millions) 1Q24 2Q24 3Q24 4Q24 1Q25 FY 2022 FY 2023 FY 2024
Slide 24: Reconciliation of IFRS to Non-GAAP Measures
PAX 1Q25 Earnings Presentation Reconciliation of IFRS to Non-GAAP Measures (US$ in millions) 1Q24 2Q24 3Q24 4Q24 1Q25 FY 2022 FY 2023 FY 2024
Slide 25: IFRS Balance Sheet
PAX 1Q25 Earnings Presentation IFRS Balance Sheet (US$ in millions) 31-Dec-24 31-Mar-25 31-Dec-24 31-Mar-25
Slide 26: Notes
PAX 1Q25 Earnings Presentation Notes
Slide 27: Notes
PAX 1Q25 Earnings Presentation Notes
Slide 28: Definitions
PAX 1Q25 Earnings Presentation Definitions
Slide 29: PATRIA
PATRIA