Bridgepoint Group Plc · LSE:BPT
Bridgepoint — Corporate Update (October 2026)
22 slides from Bridgepoint's corporate update, Oct 7, 2026
Slide 1: Bridgepoint Group plc Trading update 2026
Bridgepoint Group plc Trading update 2026
Slide 2: Key messages
Key messages Business update Guidance changes €28bn fundraising target achieved and set to be Material upgrade in expected 2026 EBITDA exceeded Shareholder approval for KARE transaction Medium term PRE guidance upgraded from 20-25% received, completion expected in early January to 25-30% of total in
Slide 3: Updated guidance
Updated guidance Strong investment performance drives a material step-up in earnings and cash generation Locked in incremental PRE ECP V: ProEnergy 2026 EBITDA More cash to shareholders over medium term › As at Q3 the ECP V gross MOIC is › Based on the anticipated Q3 › Private equity value creation
Slide 4: Guidance & Dividend Update
Q3 update Guidance & Dividend Update
Slide 5: PRE guidance upgraded
PRE guidance upgraded PRE guidance upgraded to 25-30% of total income over the medium term, and likely to be materially higher in 2026 Upgrade to 25-30% driven by Historic PRE (£m) Continued strong fund performance 32% delivering consistent PRE compounded by 25-30% exceptional performance of ECP V 2
Slide 6: PRE cash generation and capital allocation policy
PRE cash generation and capital allocation policy PRE is converting into significant cash generation Cash generation from investments (£’bn)2 Capital allocation policy ECP V included at Q3 valuation; potential further 1.3 Support organic upside not reflected growth and Capital M&A seeding new distri
Slide 7: Increased confidence in both earnings and cash supports a step up in cash distributions
Increased confidence in both earnings and cash supports a step up in cash distributions Total capital returns Target 40-60% of cash from profits Cash from profits Cash from profits measures the cash generated from FRE and realised PRE, after cash costs. Ordinary dividend Additional Distributions It
Slide 8: Bridgepoint Group existing perimeter: update on recent activity
Bridgepoint Group existing perimeter: update on recent activity Activity Guidance Fundraising Management fees 13%-16% management fee growth on a rolling 3-year basis • BE VIII has raised €7.8bn to date. Expected to be PE fully allocated later this year at €8.65bn hard cap • BE VIII became fee paying
Slide 9: Business Update
Q3 update Business Update Bridgepoint Group
Slide 10: Bridgepoint Group: diversified alternatives manager
Bridgepoint Group: diversified alternatives manager $125bn AUM4 50% 47% Real Assets Private Equity Credit Infrastructure Real Estate Secondaries AuM * $42bn $21bn $36bn $22bn $4bn 2000 2020 2024 2026 2026 Independence from NatWest REAL ESTATE 2009 Credit PRIVATE EQUITY CAPITAL PARTNERS 2014 10
Slide 11: Fundraising update
Fundraising update €28bn 2024-26 fundraising target achieved early, set to achieve €30bn by end of 2026, with €16bn raised in 2026 Flagship growth5 (bn) Anticipated products Stage New LPs6 in market during ‘277 +76% Credit €2.9 €5.1 Closed 43% 4 23% BDL III BDL IV +84% $8.1 Infrastructure $4.4 Close
Slide 12: Deployment update to Q3
Deployment update to Q3 BE VIII BDC V BDL IV (Q2) 2026 2024 2025 13% 49% 32% ECP V ECP VI KAREP VII 2022 2025 2024 90% 25% 54% Deployed as at Q3 26 12
Slide 13: Fund performance at Q2
Fund performance at Q2 Investment performance continues to be a strong differentiator on an absolute and relative basis Private equity BE VI BE VII BDC III BDC IV Credit 11 BDL II BDL III Vintage 2019 2022 2016 2021 Vintage 2017 2021 Size $5.8bn €7.0bn £0.6bn £1.6bn Size €2.3bn €2.9bn MOIC 9 2.0x 1.
Slide 14: Summary
Q3 update Summary Bridgepoint Group
Slide 15: Summary
Summary 1 Business doing great 2 KARE transaction on track 3 Sustainable upgrade in performance 4 Cash generation of £2.4bn over the next cycle 15
Slide 16: Q&A
Q3 update Q&A Bridgepoint Group
Slide 17: Appendix
Q3 update Appendix Bridgepoint Group
Slide 18: New APM: cash from profits
New APM: cash from profits £m 2021 2022 2023 2024 2025 Cash from profits is a new alternative performance metric 1 Operating cash 5 34 95 18 172 which includes the following: 2 Cash profits from PRE 14 67 12 58 25 1.1 Net operating cash flows from operating activities 3 Net interest costs (6) (5) (7
Slide 19: Indicative timing of PRE contribution from existing funds
Indicative timing of PRE contribution from existing funds House P&L contribution from accrued carried interest and co-investment profits Fund Vintage Size carry 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 BE VI 2019 €5.8bn 7% BE VII 2022 €7.0bn 23% BDC IV 2021 £1.6bn 35% BDC V 2
Slide 20: End notes
End notes Page Note Reference 3, 7 1 FY 2026 dividend of 15.0p subject to shareholder approval 6 2 Indicative projection of PRE assuming funds raised per guidance and target performance of funds achieved 8 3 Assuming ProEnergy remains at Q3 valuation 10 4 Draft Q3 2026 AUM is indicative based on fun
Slide 21: Disclaimer
Disclaimer Except where otherwise specified, information contained in this presentation has been prepared as at 7th October 2026 and is for general information only. To the fullest extent permissible by law, Bridgepoint Group plc (the “Company”), its subsidiaries and their affiliates, and their resp
Slide 22: Bridgepoint Group
Bridgepoint Group