Kkr & Co. Inc. · NYSE:KKR
Kkr & — Barclays Global Financial Services Conference 2024
15 slides from Kkr &'s conference presentation, Sep 9, 2024
Slide 1: KKR & Co. Inc. Infrastructure Overview
KKR & Co. Inc. Infrastructure Overview Raj Agrawal | Partner, Global Head of Infrastructure B A R C L AY S G L O B A L F I N A N C I A L S E R V I C E S C O N F E R E N C E | S E P T E M B E R 9 , 2 0 2 4
Slide 2: Legal Disclosures
Legal Disclosures This presentation has been prepared by KKR & Co. Inc. solely for informational purposes for its public stockholders in connection with evaluating the business, operations and financial results of KKR & Co. Inc. and its subsidiaries (collectively, “KKR”), which includes The Global A
Slide 3: Essential Nature Of Infrastructure
Essential Nature Of Infrastructure Illustrative Infrastructure Sectors Infrastructure Target Characteristics Essential Assets Transportation Utilities Contracted or regulated revenues Renewables Energy Established market positions Digital Industrial Social ~$100 Trillion Total Global Infrastructure
Slide 4: These Characteristics Are Driving Allocations To Infrastructure
These Characteristics Are Driving Allocations To Infrastructure Investor sentiment and demand for Infrastructure investing continues to drive long-term growth Historic Average Infrastructure Allocation as a % of Total Investment Portfolio(1) Exceptional Risk-Return 89% Expected to increase or 5.7% m
Slide 5: We Have Delivered On The Risk Side Of The Equation In Global Infra
We Have Delivered On The Risk Side Of The Equation In Global Infra… We believe that our responsible approach to risk management and capital preservation has resulted in strong downside protection across the portfolio in our Global Infrastructure funds 2.1x 6.7% 44% Gross Multiple of Realized Q1 2020
Slide 6: And We Have Delivered On The Return Side Of The Equation
…And We Have Delivered On The Return Side Of The Equation Our Global Infrastructure fund IRRs have consistently increased over time and today are the strongest they have ever been, ahead of their mid-teens targeted gross returns Fund I Gross IRR – 2011 Vintage Fund II Gross IRR – 2014 Vintage 19.5%
Slide 7: Strong And Consistent Performance
Strong And Consistent Performance Global Infrastructure Asia Pacific Infra Diversified Core Infra Fund I Fund II Fund III Fund IV Fund V Fund I Fund II Open-Ended Infra • $1.0 billion • $3.0 billion • $7.2 billion • $16.6 billion • $10 billion as of • $3.8 billion • $6.4 billion • $10.8 billion of A
Slide 8: Our Resources And Culture Are Critical Enablers
Our Resources And Culture Are Critical Enablers We believe the KKR Platform gives us differentiated access and insight enabling us to source, structure, operate and execute investments that we believe are hard to replicate CAPSTONE 93 Professionals KKR ADVISORS 78 Professionals KKR CAPITAL MARKETS 6
Slide 9: Economic Impact Of Global Infrastructure Funds
Economic Impact Of Global Infrastructure Funds Global Infrastructure Strategy – Global Infrastructure Fund Commitments Asset Management Segment Revenues(1) ($ in billions) ($ in millions) $17 $463 $7 $159 $3 $1 $17 $1 Fund I Fund II Fund III Fund IV 2011 2014 2018 2021 2010 2014 2018 2021 Note: Glob
Slide 10: Leaning Into Strength To Scale And Launch New Businesses
Leaning Into Strength To Scale And Launch New Businesses ($ in billions) Global Infrastructure Funds Asia Infrastructure Funds Diversified Core Infrastructure(1) $17 $14 Open-ended vehicle AUM has scaled significantly in $6 four years $11 2x $9 16x $4 $7 $3 $1 $1 Fund I Fund II Fund III Fund IV Fund
Slide 11: New Strategies: Climate and K-Series
New Strategies Climate K-Series: K-INFRA and KIF ~$200 Investment required to achieve Innovative evergreen strategies that provide a single access entry point to KKR’s entire Infrastructure net-zero emissions by 2050 TRILLION platform and capabilities for the individual investor Large Gap In Climate
Slide 12: CyrusOne Case Study – KKR Business Model At Work
CyrusOne Case Study – KKR Business Model At Work Origination capabilities feeding multiple Asset Management businesses • CyrusOne is one of the leading hyperscale focused data center Innovative financing critical to CyrusOne owner/operators globally future growth • Acquired CyrusOne in March 2022 th
Slide 13: Important Information – Other Legal Disclosures
Important Information – Other Legal Disclosures Past Performance and Investment Returns Forward-Looking Statements Past performance is not a guarantee of future results. Information about any fund or strategy and investments made by This presentation contains certain forward-looking statements perta
Slide 14: Important Information – Other Legal Disclosures (cont'd)
Important Information – Other Legal Disclosures (cont’d) Forward-Looking Statements (cont’d) reinsurers; changes in accounting standards applicable to insurance companies; volatility in our insurance business’s net income under GAAP; reinsurance assets held in trust, which limit Global Atlantic’s ab
Slide 15: Important Information – Other Legal Disclosures (cont'd)
Important Information – Other Legal Disclosures (cont’d) Other Terms and Capital Metrics Atlantic Re Limited, Global Atlantic Assurance Limited or any other Global Atlantic owned or sponsored insurance company, or any investment or insurance product or reinsurance offered by any insurance-related ve
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