Eurazeo Se · EURONEXT:RF
Eurazeo — Eurazeo Paris Ord — Q1 2026 Earnings Presentation
14 slides from Eurazeo's earnings presentation, May 13, 2026
Slide 1: Q1 2026 Trading Update
2026 Q1 2026 TRADING UPDATE MAY 13, 2025
Slide 2: Healthy momentum in fundraising in Q1 2026
Q1 2026 TRADING UPDATE – 13.05.2026 HEALTHY MOMENTUM IN FUNDRAISING IN Q1 2026 Third party fundraising Q1 FACTS Institutional LPs : 1 053 Continued strong momentum in Private Debt 944 201 Further inflows in Secondaries & Mandates Final close of 497 ECV and first close of EPBF Wealth Solutions : 852
Slide 3: Solid and diversified fundraising pipeline in 2026
Q1 2026 TRADING UPDATE – 13.05.2026 SOLID AND DIVERSIFIED FUNDRAISING PIPELINE IN 2026 Flagship EPD VII ESF V EGF IV PME V INSTITUTIONAL Funds Direct Lending Secondaries Growth Buyout Thematic EPBF Future Industries ESMI II EZORE ETIF II Funds Impact buyout Venture Asset-based Real Estate Sust. infr
Slide 4: Third-party FPAUM up +13% year-on-year
Q1 2026 TRADING UPDATE – 13.05.2026 THIRD-PARTY FPAUM UP +13% YEAR-ON-YEAR ASSETS UNDER MANAGEMENT1 FEE-PAYING ASSETS UNDER MANAGEMENT BALANCE SHEET THIRD PARTY BALANCE SHEET THIRD PARTY +7% 39.2 +5% 28.9 36.8 27.5 -13% 8.8 6.3 -17% 10.1 7.6 +14% +13% 30.4 22.6 26.7 20.0 Q1 2025 Q1 2026 Q1 2025 Q1 2
Slide 5: Third-party management fees up 10% YoY
Q1 2026 TRADING UPDATE – 13.05.2026 THIRD-PARTY MANAGEMENT FEES UP 10% YOY MANAGEMENT FEES1 % change YoY2 104 105 +3% 18 -1% 20 3rd Party IMGP +14% 55 62 3rd Party Private Markets 1 -16% 30 25 Balance sheet Private Markets Q1 2025 PF Q1 2026 BALANCE SHEET THIRD-PARTY PRIVATE MARKETS THIRD-PARTY IMGP
Slide 6: Good execution of the asset rotation plan
Q1 2026 TRADING UPDATE – 13.05.2026 GOOD EXECUTION OF THE ASSET ROTATION PLAN Asset Management deployment Asset Management realizations €915m €555m +17% 8 €785 m 12 47 +150% 276 709 517 €221 m 1 8 1 70 271 220 194 153 Q1 2025 Q1 2026 Q1 2025 Q1 2026 ~€6.2BN DRY POWDER1 FROM 3rd PARTIES, UP +9% yoy P
Slide 7: Solid revenue growth on portfolio companies
Q1 2026 TRADING UPDATE – 13.05.2026 SOLID REVENUE GROWTH ON PORTFOLIO COMPANIES1 BUYOUT4 GROWTH +6% Total +22% Total 21% c.+60% EGF IV Net Portfolio Value REAL ASSETS 61% €6.8BN2 11% +6% Hospitality5 +36% Sustainable Infrastructure 7% 1. 4. 5. 2. 3. 7
Slide 8: Questions & Answers
QUESTIONS & ANSWERS
Slide 9: Appendix
Appendix www.eurazeo.com CONFIDENTIAL
Slide 10: Selected funds performance as of end Dec 2025
APPENDIX SELECTED FUNDS PERFORMANCE AS OF END DEC 20251 Fund name Vintage Year Fund size (m€) o/w BS (€m) % invested Gross MOIC Gross IRR Gross DPI Private Equity 2021 2,992 1,734 47% 1.1x 3% 0.0x 2017 2,500 1,712 86% 1.9x 15% 1.1x 2021 1,049 200 81% 1.8x 29% 0.4x 2017 658 203 93% 1.9x 16% 1.0x 2025
Slide 11: Financial agenda
APPENDIX FINANCIAL AGENDA July 23, 2026 November 05, 2026 HALF YEAR 2026 3RD QUARTER 2025 Results Revenues
Slide 12: Eurazeo contacts and analyst coverage
APPENDIX EURAZEO CONTACTS www.eurazeo.com INVESTOR RELATIONS ANALYST COVERAGE Pierre BERNARDIN Alpha Value Alexandre Desprez pbernardin@eurazeo.com Autonomous Bernstein Isobel Hettrick +33 (0)1 44 15 16 76 Berenberg Christoph Greulich CM-CIC Arnaud Palliez & Alexandre Gérard EURAZEO SHARES Exane BNP
Slide 13: Disclaimer
APPENDIX DISCLAIMER CONFIDENTIALITY This presentation (the “Presentation”) has been prepared by Eurazeo. This presentation may not be distributed, published or reproduced, in full or in part, and the information contained herein must not be released by its recipients to third parties. The recipients
Slide 14: www.eurazeo.com
www.eurazeo.com CONFIDENTIAL