Patrizia Se · XETR:PAT

Patrizia — 3M 2026 Earnings Presentation

20 slides from Patrizia's earnings presentation, May 12, 2026

  1. Slide 1: 3M 2026 Financial Results Presentation

    3M 2026 Financial Results Presentation 12 May 2026 Dr Asoka Wöhrmann | CEO Martin Praum | CFO PATRIZIA | © 2026 2025 Strictly confidential and not for general distribution

  2. Slide 2: CEO Highlights

    CEO Highlights 3M 2026 PATRIZIA | © 2026 2

  3. Slide 3: New investment cycle is emerging – short-term volatility does not derail structural recovery

    New investment cycle is emerging – short-term volatility does not derail structural recovery • We are entering a new cycle, with investors actively reassessing portfolio construction and allocation strategies Digital Urban • Recent geopolitical volatility represents short-term noise D U rather than

  4. Slide 4: Transaction activity remained selective in 3M 2026

    Transaction activity remained selective in 3M 2026 Transaction volume based on signed transactions | EUR bn • Short-term transaction activity reflects macro Acquisitions Disposals uncertainty, while structural demand for real assets continues to underpin the emerging investment cycle 3M 2025 0.7 0.1

  5. Slide 5: Focused product platform aligned with high-conviction investment themes

    Focused product platform aligned with high-conviction investment themes • Focused on a number of high-conviction strategies and flagship products Emerging Asia Value- Add Living • Clear strategic focus on Living (including value-add and affordable housing), Energy transition, RE-Infra and Infrastruc

  6. Slide 6: PATRIZIA is strongly positioned to win in the next cycle

    PATRIZIA is strongly positioned to win in the next cycle Stronger integrated global investment platform A fully integrated, global platform driving consistent outcomes, enhanced transparency and faster execution across investment operations, fund accounting and data Scalable, cost-efficient model St

  7. Slide 7: Financials & Guidance

    Financials & Guidance 3M 2026 PATRIZIA | © 2026 7

  8. Slide 8: Improved earnings quality and cost discipline drive strong EBITDA growth and margin expansion

    Improved earnings quality and cost discipline drive strong EBITDA growth and margin expansion Composition of EBITDA | EUR m • EBITDA increased by 41% to EUR 23.7m, driven by increase in    - 5% - 8% total service fee income and materially lower operating expenses + 15%   12.2 3.6 • EBITDA margi

  9. Slide 9: AUM almost stable, reflecting resilient portfolio and limited market impact

    AUM almost stable, reflecting resilient portfolio and limited market impact AUM1 development 3M 2026 | EUR bn • AUM remained broadly stable at EUR 55.8bn, demonstrating resilience despite a more volatile market environment 60.0 0 0 0.2 • No material impact from valuation and currency effects -0.6 50

  10. Slide 10: Diversified AUM mix across key dimensions

    3M 2026 | Diversified AUM mix across key dimensions EUR EUR EUR ~ 56 bn 45+ bn ~ 11 bn total assets under management real estate assets under management Infrastructure assets under management 3% 2% 3% 3% 5% 4% 18% 8% 28% 4% 5% 5% 12% AUM by AUM by AUM by 50% sector 8% geography risk style 19% 8% 63%

  11. Slide 11: Operating expenses further reduced through lower staff costs and platform optimisation

    Operating expenses further reduced through lower staff costs and platform optimisation Operating expenses y-o-y | EUR m • Continued progress in platform optimisation and efficiency  measures, reducing the operating cost base - 14%    + 7% - 8% - 8% -5.2 • Operating expenses declined by -8% to EU

  12. Slide 12: Cost discipline driving improved profitability and operating leverage

    Cost discipline driving improved profitability and operating leverage Management fees now contribute to bottom-line profitability 57.7 56.0 55.8 65.0 Management fees 45.0 • Management fees fully cover operating expenses, +4.1 25.0 underlining the stability and resilience of our recurring fee-based b

  13. Slide 13: Stronger profitability in Investment Management segment driving improved earnings quality

    Stronger profitability in Investment Management segment driving improved earnings quality 3M 2026 EBITDA by segments | EUR m  change y-o-y  • EBITDA in Investment Management increased to EUR 21.5m (3M 2025: EUR 14.4m), highlighting   improved profitability of the asset-light business - 4% 0% + 4

  14. Slide 14: Disciplined balance sheet investments supporting platform growth and alignment

    Disciplined balance sheet investments supporting platform growth and alignment PATRIZIA’s (own) Invested capital1 | EUR m • Disciplined deployment of balance sheet capital into Other Real Estate Infrastructure co-investments, seed capital and targeted strategies • EUR 26m invested in 3M 2026, into a

  15. Slide 15: Strong and resilient balance sheet supporting strategic flexibility

    Strong and resilient balance sheet supporting strategic flexibility Strong balance sheet Liquidity • Robust equity base with equity ratio of 67.1% and EUR m 31.03.2026 EUR m 31.03.2026 net equity ratio of 73.0% Total assets 1,700.6 Bank balances, 145.5 Equity (excl. non- 1,140.4 cash and term deposi

  16. Slide 16: Guidance 2026 – confirmed

    Guidance 2026 – confirmed 120 FY 2025 FY 2026e • Guidance confirmed, reflecting confidence in the resilience 100 of the business model despite a more volatile environment 80 60.0 – 75.0 63.0 • Concentrated efforts on further improvement of internal 60 EBITDA process efficiencies, cost ratios and rec

  17. Slide 17: Attractive and reliable dividend with strong yield and clear policy

    Attractive and reliable dividend with strong yield and clear policy Dividend per share | EUR • Proposed dividend of EUR 0.36 per share, marking the +2.9% 8th consecutive increase since 2018 0.36 • Attractive dividend yield of ~4.9%1, offering a compelling 0.35 0.34 income proposition for shareholder

  18. Slide 18: Q&A 3M 2026

    Q&A 3M 2026 PATRIZIA | © 2026 18

  19. Slide 19: Financial calendar 2026

    Financial calendar 2026 10 JUN 26 2026 Annual General Meeting 10 AUG 26 H1 2026 Financial Report 11 AUG 26 H1 2026 Investor and analyst conference call 09 NOV 26 9M 2026 Quarterly Statement 10 NOV 26 9M 2026 Investor and analyst conference call Latest publications: https://ir.patrizia.ag/en/ Newslet

  20. Slide 20: Contact

    Contact MARTIN PRAUM Executive Director | CFO investor.relations@patrizia.ag DR JANINA ROCHELL VERENA SCHOPP DE ALVARENGA Director | Head of Investor Relations Associate Director | Investor Relations T +49 69 643505-1229 T +49 821 50910-403 M +49 151 64085881 M +49 151 58339292 investor.relations@pa

Patrizia — 3M 2026 Earnings Presentation on 6ix