Eurazeo Se · EURONEXT:RF
Eurazeo — Eurazeo Paris Ord — Q3 2023 Earnings Presentation
12 slides from Eurazeo's earnings presentation, Nov 8, 2023
Slide 1: 9M 2023 Revenues
9M 2023 REVENUES November 8, 2023
Slide 2: Steady AUM Growth
STEADY AUM GROWTH 2 Total AUM1, €bn Fee-paying AUM1, €bn +11% +19% 30.2 33.5 24.2 20.3 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Pro forma Pro forma (1) Proforma of Rhône 9M 2023 REVENUES - 08.11.2023 includes commitments from the balance sheet in Eurazeo’s funds and excludes the value of the AM activity
Slide 3: Resilient Fundraising
RESILIENT FUNDRAISING 3 Third party fundraising1 (€bn) Key developments • Continued strong momentum in Private Debt (+31%) 1,834 1,723 • Strong inflows in Sustainable infra with c.200M€ raised in 9M 2023 • In Private Equity, further fundraising -6% in Venture and Secondaries Wealth • Stable inflows
Slide 4: Double Digit Growth in Recurring Revenues
DOUBLE DIGIT GROWTH IN RECURRING REVENUES 4 Management Fees (in €m) +10%1 305 277 9M 2022 PF 9M 2023 1 proforma of Rhône 9M 2023 REVENUES - 08.11.2023
Slide 5: Solid Performance of Portfolio Companies
SOLID PERFORMANCE OF PORTFOLIO COMPANIES 5 9M REVENUE GROWTH1 MID LARGE GROWTH BRANDS SMALL MID REAL BUYOUT BUYOUT ASSETS +15% +17% +11% +3% +10% % OF TOTAL PORTFOLIO [ 43% ] [ 24% ] [ 9% ] [ 8% ] [ 11% ] VALUE 1- at constant Eurazeo scope and exchange rate. These divisions represent c.95% of total
Slide 6: Prudent Approach to Deployments; Realization Expected to Pick Up in 2024
PRUDENT APPROACH TO DEPLOYMENTS 6 REALIZATION EXPECTED TO PICK UP IN 2024 (in €M) DEPLOYMENTS REALIZATIONS Key developments • Increased selectivity in our deployments • Lower level of realization due to 3,847 deferred schedule in launch of exit processes 3,038 2,400 • Ongoing processes expected to b
Slide 7: Significant Financial Headroom
SIGNIFICANT FINANCIAL HEADROOM 7 c.€6.2bn Dry Powder Solid balance sheet for investments Net debt POSITION €969m €4.0bn (c.12% gearing) FROM LIMITED PARTNERS Revolving Credit Facility ow €985m drawn €1.5bn €2.2bn COMMITMENTS FROM EURAZEO BALANCE SHEET 9M 2023 REVENUES - 08.11.2023
Slide 8: Save the Date: Capital Markets Day on November 30, 2023
SAVE THE DATE 8 Capital Markets Day on November 30, 2023 9M 2023 REVENUES - 08.11.2023
Slide 9: Q&A 9M 2023 Results
9 Q&A 9M 2023 RESULTS - 08.11.2023
Slide 10: About Us
ABOUT US 10 EURAZEO CONTACTS INVESTOR RELATIONS ANALYST COVERAGE Bank of America Alexandre Tissieres 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
Slide 11: Disclaimer
DISCLAIMER 11 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 th
Slide 12: www.eurazeo.com
www.eurazeo.com