Patrizia Se · XETR:PAT
Patrizia — FY2021 Earnings Presentation
16 slides from Patrizia's earnings presentation, Feb 24, 2022
Slide 1: Preliminary Results Presentation FY 2021
Data as at FY 2020 | 1) According to leading industry rankings by IREI 2020, prequin 2020 and PropertyEU 2020 Preliminary Results Presentation PATRIZIA | © 2021 FY 2021 | 24 February 2022 1
Slide 2: PATRIZIA strategic and operational milestones FY 2021
Highlights FY 2021 PATRIZIA strategic and operational milestones FY 2021 Strategic steps and achievements in a continued structural growth market Resilient business Growth by new M&A closing of Further progress model and platform markets and products Whitehelm Capital on ESG EUR 6.8bn of transaction
Slide 3: Selected transactions for PATRIZIA's global clients in 2021
Highlights FY 2021 Selected transactions for PATRIZIA‘s global clients in 2021 Focus on high quality assets with ESG credentials … 2021 2022 … Smartlog Maasvlakte Astro Tower T7 Tower distribution centre Largest Dutch logistics deal on record Brussels’ first green office tower Helsinki's sustainable
Slide 4: Solutions provider in real assets – investment themes for 2022
Highlights FY 2021 PATRIZIA – solutions provider in real assets – investment themes for 2022 Our investments solutions follow research-backed future-proof investment themes Solutions Themes Market-leading Living real assets funds Bespoke Working separate accounts Supply/ Deal opportunities Logistics
Slide 5: Preliminary Financials
Preliminary Financials FY 2021
Slide 6: Preliminary Financials – FY 2021 key messages
Financials FY 2021 PATRIZIA Preliminary Financials – FY 2021 key messages NEXT NOW – Delivering performance in real assets investment management 1 2 3 4 5 Increased Continued Shareholder Rock-solid New KPIs from business growth friendly balance sheet FY 2022 onwards activity Strong increase in Manag
Slide 7: Operating income
Financials FY 2021 Operating income Solid FY 2021 results in line with the specified FY 2021 guidance range Composition FY 2021 | EUR m • Operating income of EUR 118.3m in FY 2021 up 1.6% vs. EUR 116.5m in FY 2020 • Quality of earnings improved further with solid growth in management and -37.6
Slide 8: Management fees
Financials FY 2021 Management fees Continued growth in AUM drives growth in recurring management fees Management fees Management fees | EUR m Assets under Management | EUR bn • Management fees of EUR 209.1m (+8.1% y-o-y) prove the stability and resilience of the business model. The level of manageme
Slide 9: Transaction fees
Financials FY 2021 Transaction fees Accelerating business activity during FY 2021 Transaction fees Transaction fees | EUR m Transaction volume (signed) | EUR bn • Transaction fees up 6.9% to EUR 51.4m from EUR 48.1m in 2020 due to higher level of transactions signed for PATRIZIA's global client ba
Slide 10: Performance fees
Financials FY 2021 Performance fees Continued strong investment performance realised for clients Performance fees Performance fees | EUR m • Performance fees remained at a high level of EUR 85.9m in 2021 vs. EUR 86.1m in 2020 despite market environment characterised by the Covid-19 pandemic 416.2+ •
Slide 11: Guidance for FY 2022
Financials FY 2021 Guidance for FY 2022 Profitable growth to continue – FY 2022 guidance Assumptions for FY 2022 Income composition FY 2022 | EUR m • Recurring management fees expected for FY 2022 with EUR 245.0 – 260.0m 5.0 • Transaction fees expected between EUR 50.0 – 55.0m – • Performance fees e
Slide 12: Guidance overview with new KPIs – Part I
Financials FY 2021 Guidance overview with new KPIs – Part I New financial performance indicators for FY 2022 • As of 1 January 2022, the operating income will be replaced by EBITDA Guidance overview • Cost Coverage Ratio (CCR) will be replaced by EBITDA margin Actual as a new financial performance i
Slide 13: Guidance overview with new KPIs – Part II
Financials FY 2021 Guidance overview with new KPIs – Part II Continued growth at further improved quality of revenues expected • Growth of total service fee income driven primarily by growth in recurring Guidance overview management fees, driven by continued AUM growth and consolidation of Actual Wh
Slide 14: PATRIZIA's balance sheet is stronger than ever
Financials FY 2021 PATRIZIA’s balance sheet is stronger than ever PATRIZIA has the financial flexibility to invest in inorganic growth, its platform and technology to offer its clients best in class products Strong balance sheet Significant liquidity • Strong balance sheet ratios and capital structu
Slide 15: Financial calendar
Appendix Financial calendar 2022 March 17 ➢ FY 2021 Annual Report May 12 ➢ 3M 2022 Interim Statement with investor and analyst conference call June 1 ➢ Annual General Meeting, virtual August 4 ➢ H1 2022 Financial Report with investor and analyst conference call November 10 ➢ 9M 2022 Interim Statemen
Slide 16: Contact
Appendix Contact CHRISTOPH GLASER MARTIN PRAUM Member of the Senior Managing Director Management Board | CFO Head of Investor Relations & Group Reporting PATRIZIA AG T +49 69 643505-1114 Fuggerstrasse 26 M +49 151 19685445 86150 Augsburg, Germany investor.relations@patrizia.ag VERENA SCHOPP DE ALVAR