Ares Management Corporation · NYSE:ARES
Ares Management — Investor Day (2021)
20 slides from Ares Management's investor day presentation, 2021
Slide 1: Guiding Principles of Ares
Guiding Principles of Ares Tony Ressler Co-Founder and Executive Chairman Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution
Slide 2: Important Notice
Important Notice This presentation is prepared for Ares Management Corporation (NYSE: ARES) for the benefit of its public stockholders. This presentation is solely for information purposes in connection with evaluating the business, operations and financial results of Ares Management Corporation (“A
Slide 3: Important Notice
Important Notice Dated information: This video may contain dated information. Viewers are cautioned that this video and the associated presentation is maintained here solely for the purposes of providing historical background about Ares Management Corporation. As the video may contain dated informat
Slide 4: Guiding Principles of Ares
Guiding Principles of Ares Principles …Resulting In 1 Assets Follow Performance If We Deliver Consistent Performance, Growth Will Follow 2 Transparency with Investors Builds Trust and Develops a True Sense of Partnership 3 Commitment to Hiring and Retaining Good People High Performing, Collaborative
Slide 5: Ares Key Milestones
Ares Key Milestones Our history highlights our thoughtful organic and inorganic growth which has created benefits for our stakeholders Named Expanded into Michael Arougheti CEO Private Equity & Direct Strategic New Credit Group Heads Acquisitions: Ares Founded Lending Added Real as a Credit Estate A
Slide 6: Large Investment Footprint Across U.S., Europe and Asia-Pacific
Large Investment Footprint Across U.S., Europe and Asia-Pacific Over 30 Global Offices1 695+ Investment Professionals2 250+ Strategy, RM & IR Professionals2 ~1,000 Support Professionals2 As of June 30, 2021. Offices and professionals include the acquisition of Black Creek Group which closed on July
Slide 7: Asset Management Is a Talent Business and We Have a Deep Bench
Asset Management Is a Talent Business and We Have a Deep Bench Average Tenure at Ares1 Michael Arougheti David Kaplan Bennett Rosenthal Antony Ressler Director, Co-Founder, Chief Director, Co-Founder & Co- Director, Co-Founder & Co- Director, Co-Founder and Executive Officer and Chairman of Private
Slide 8: Leading Global Manager That Has Performed For Its Investors
Leading Global Manager That Has Performed For Its Investors Strong Stock Growing Strong Diversified Quality Performance AUM Investor Base Strategies Team Since Inception $262B1 ~1,790 ~20 2,000 24% Annualized Direct Investment Employees4 on in a ~ $280T2 Institutional Strategies in Total Return vs.
Slide 9: Appendix
Appendix Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution
Slide 10: GAAP Statement Of Operations
GAAP Statement Of Operations Year Ended December 31, $ in thousands, except share data Q2-21 LTM 2020 2019 2018 2017 2016 2015 2014 Revenues Management fees $1,307,451 $1,150,608 $979,417 $802,502 $722,419 $642,068 $634,399 $486,477 Carried interest allocation 1,583,262 505,608 621,872 42,410 620,45
Slide 11: RI and Other Measures Financial Summary
RI and Other Measures Financial Summary Year Ended December 31, $ in thousands, except share data (and as otherwise noted) Q2-21 LTM 2020 2019 2018 2017 2016 2015 2014 Management fees(1) $1,335,413 $1,186,565 $1,012,530 $836,744 $744,825 $659,451 $650,918 $598,046 Other fees 25,993 19,948 18,078 24,
Slide 12: GAAP to Non-GAAP Reconciliation – Unconsolidated Reporting Basis
GAAP to Non-GAAP Reconciliation – Unconsolidated Reporting Basis Year Ended December 31, $ in thousands Q2-21 LTM 2020 2019 2018 2017 2016 2015 2014 Realized Income and Fee Related Earnings: Income before taxes $944,635 $379,478 $425,180 $184,341 $149,859 $297,920 $81,484 $556,915 Adjustments: Amort
Slide 13: GAAP to Non-GAAP Reconciliation – Unconsolidated Reporting Basis (cont'd)
GAAP to Non-GAAP Reconciliation – Unconsolidated Reporting Basis (cont'd) Year Ended December 31, $ in thousands Q2-21 LTM 2020 2019 2018 2017 2016 2015 2014 Performance income and net investment income reconciliation: Carried interest allocation $1,583,262 $505,608 $621,872 $42,410 $620,454 $494,58
Slide 14: Glossary
Glossary Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution
Slide 15: Glossary
Glossary ARCC Part II Fees ARCC Part II Fees refers to fees that are paid in arrears as of the end of each calendar year when the cumulative aggregate realized capital gains exceed the cumulative aggregate realized capital losses and aggregate unrealized capital depreciation, less the aggregate amou
Slide 16: Glossary
Glossary Fee Related Earnings Fee Related Earnings or “FRE”, a non-GAAP measure, is used to assess core operating performance by determining whether recurring revenue, primarily consisting of management fees, is sufficient to cover operating expenses and to generate profits. FRE differs from income
Slide 17: Glossary
Glossary Our Funds Our Funds refers to the funds, alternative asset companies, co-investment vehicles and other entities and accounts that are managed or co-managed by the Ares Operating Group, and which are structured to pay fees. It also includes funds managed by Ivy Hill Asset Management, L.P., a
Slide 18: Endnotes – Guiding Principles of Ares
Endnotes – Guiding Principles of Ares Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution
Slide 19: Guiding Principles of Ares Index Definitions and Endnotes
Guiding Principles of Ares Index Definitions and Endnotes Index Definitions Indices are provided for illustrative purposes only and not indicative of any investment. They have not been selected to represent appropriate benchmarks or targets for the strategy. Rather, the indices shown are provided so
Slide 20: Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution
Ares Management Corporation Investor Day 2021 - Not for Publication or Distribution