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Eurazeo — Investor Presentation (March 2023)
9 slides from Eurazeo's investor presentation, Mar 8, 2023
Slide 1: Change in Financial Reporting Workshop
CHANGE IN FINANCIAL REPORTING WORKSHOP Pierre BERNARDIN Head of Investor Relations & Financial Communication 1 IFRS 10 WS - 08.03.2023
Slide 2: Eurazeo now fulfills the criteria of an investment company according to IFRS 10
EURAZEO NOW FULFILLS THE CRITERIA OF AN 2 INVESTMENT COMPANY ACCORDING TO IFRS 10 DEEP TRANSFORMATION EURAZEO MEETS OF THE GROUP IN THE PAST FEW YEARS THE CRITERIA OF AN “INVESTMENT COMPANY” _ 70% of AUM coming from 3rd parties (€24bn) (IFRS 10) AUM _ Acceleration of fundraising _ Finalization of Id
Slide 3: Change in accounting & financial disclosure in 2023 reflecting the transformation of the business model
CHANGE IN ACCOUNTING & FINANCIAL DISCLOSURE IN 2023 3 REFLECTING THE TRANSFORMATION OF THE BUSINESS MODEL APPLYING THE IFRS 10 EXEMPTION (from 1st Jan 2023 ) _ Deconsolidating portfolio companies EURAZEO NOW QUALIFIES AS AN _ Portfolio value to be accounted for on a mark-to- “INVESTMENT COMPANY” mar
Slide 4: Main changes on the P&L: reflecting the AM activity performance and mark-to-market on portfolio
MAIN CHANGES ON THE P&L : REFLECTING THE AM ACTIVITY 4 PERFORMANCE AND MARK-TO-MARKET ON PORTFOLIO Current Main impacts of change €M reporting of status _ FRE _ unchanged A Contribution of the AM activity _ PRE _ realized, balance sheet aligned with 3rd party _ Capital gains and fair value through t
Slide 5: Portfolio value to be reported directly in balance sheet
PORTFOLIO VALUE TO BE REPORTED DIRECTLY IN BALANCE SHEET NAV PRESENTATION REPORTING IN BALANCE SHEET UNTIL 2022 FROM 1ST JANUARY 2023 Portfolio value Portfolio value + 7.8 bn€ + 7.8bn€ Cash & other Cash & other assets/liabilities assets/liabilities Value of the Asset Balance sheet : at book value Ma
Slide 6: Associated changes in financial communication to align with industry best practice
ASSOCIATED CHANGES IN FINANCIAL COMMUNICATION TO 6 ALIGN WITH INDUSTRY BEST PRACTICE Funds disclosure AUM PRE _ Regular disclosure _ Aligning AUM from BS _ Accrued 3rd party on performance of main funds on 3rd parties AUM : performance fees ▪ Portfolio investments (removing Asset Management value) ▪
Slide 7: About us
ABOUT US 7 EURAZEO CONTACTS INVESTOR RELATIONS ANALYST COVERAGE Bank of America Philip Middleton Pierre Agathe Berenberg Christoph Greulich BERNARDIN Chanoine CM-CIC Alexandre Gérard pbernardin@eurazeo.com achanoine@eurazeo.com +33 (0)1 44 15 16 76 +33 (0)1 44 15 87 68 Degroof Petercam Joren Van Ake
Slide 8: Disclaimer
DISCLAIMER 8 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 of thi
Slide 9: www.eurazeo.com
www.eurazeo.com