Slide 1: Preliminary FY 2022 results
Preliminary FY 2022 results February 2023 1
Slide 2: Highlights FY 2022
Xx Highlights FY 2022
Slide 3: Top of mind
Top of mind Market environment Financial results Outlook Multiple challenges +21.6% (AUM) | - 38.8% (EBITDA) Moderately optimistic • - Geopolitical uncertainties • + Grew high quality AUM, organically and via M&A • + New leadership set up • - Global supply chain disruptions • + Increased management
Slide 4: Strategic & operational highlights FY 2022
Strategic & operational highlights FY 2022 Successfully transformed the company in line with strategy, despite challenges • Enhancement of platform organically and inorganically Client International base Footprint • International footprint further expanded Product towards Asia-Pacific and North Amer
Slide 5: Broad diversification in terms of sectors and geographies
Financials FY 2022 Broad diversification in terms of sectors and geographies driven by forward-thinking investment strategies of inhouse research and local teams on the ground EUR sqm 59.1assets under bn 17.3 real estate assets m 81 % resilient Core and management under management Core plus strategi
Slide 6: Financials & Guidance
Financials & Guidance FY 2022 / FY 2023e
Slide 7: Delivered organic growth in a difficult market and executed M&A as planned
Financials FY 2022 Delivered organic growth in a difficult market and executed M&A as planned AUM development FY 2022| EUR bn • Despite adverse market environment and temporary 60 subdued investment activity by clients, PATRIZIA team delivers organic AUM growth 50 50,6 1.6 6.8 52,2 2.0 48,6 40 59.1
Slide 8: Delivered multi-pillar AuM growth even in Q4 2022
Financials FY 2022 Delivered multi-pillar AuM growth even in Q4 2022 AUM development Q4 2022| EUR bn 60 57,7 • Despite a significant drop in client investment 0.3 57,1 57,4 0.3 1.3 activity, smaller net organic growth from closed 50 59.1 asset acquisitions for clients also during Q4 2022 40 30 57.1
Slide 9: Revenues: Growth of recurring fee income almost compensated for the decline of others
Financials FY 2022 Revenues: Growth of recurring fee income almost compensated for the decline of others Management fees | EUR m Transaction fees | EUR m Performance Performancefees fees||EUR EURmm 51,4 81,9 241,0 - 56.3% - 25.3% 209,1 12,8 +15.3% 61,2 22,5 38,6 4,3 18,2 FY 2021 FY 2022 FY 202
Slide 10: Net operating expenses grew due to acquisition consolidation and integration efforts
Financials FY 2022 Net operating expenses grew due to acquisition consolidation and integration efforts • Net operating expenses increased by 11.3% mainly due to higher staff costs and other operating expenses regarding the first-time recognition of Net operating expenses| EUR m -17,8 M&A transactio
Slide 11: Market inertia and proactive reorganisation efforts led to EBITDA compression
Financials FY 2022 Market inertia and proactive reorganisation efforts led to EBITDA compression Composition of EBITDA | EUR m • EBITDA impacted by market headwinds and reorganisation but also continued growth of AUM and recurring management fees -61.4% +11.3% -25.3% 61.2 4.3 -250.1 • Total se
Slide 12: Latest FY 2022 guidance met/exceeded due to recurring income and cost containment
Financials FY 2022 Latest FY 2022 guidance met/exceeded due to recurring income and cost containment Guidance Prel. results • PATRIZIA’s asset light investment management In EUR m FY 2022 FY 2022 platform demonstrated resilience in the last year Management fees 234.0 - 245.0 241.0 Transaction fees 2
Slide 13: Strong balance sheet provides for security and the ability to make opportunistic moves
Financials FY 2022 Strong balance sheet provides for security and the ability to make opportunistic moves • Continued strong balance sheet ratios and capital Strong balance sheet Significant liquidity structure to facilitate further profitable growth EUR m 31.12.2022 EUR m 31.12.2022 • Net cash used
Slide 14: Dividend | Strong operating cash flow enables fifth increase in dividend per share
Financials FY 2022 Dividend | Strong operating cash flow enables fifth increase in dividend per share Increase in dividend per share by • Increase in dividend per share by 3.1% y-o-y to EUR 3.1% y-o-y to EUR 0.33 for FY 2022 0.33 for FY 2022 +3.1% • Testament to robust business model, solid balance
Slide 15: Guidance for FY 2023
Financials FY 2022 Guidance for FY 2023 | Taking moderately optimistic stance vis-à-vis 2023 Prel. results Guidance FY 2022 FY 2023e • Overall: Cautiously positive view on FY 2023 with investment AUM (in EUR bn) 59.1 60.0 – 65.0 activity rather picking up during H2 2023 – timing of market revival th
Slide 16: Appendix
Appendix FY 2022
Slide 17: Financial performance indicators & supporting parameters
Appendix FY 2022 Financial performance indicators & supporting parameters Preliminary, unaudited Financial Results FY 2022 EUR m 2022 2021¹ Change Management fees 241.0 209.1 15.3% Transaction fees 22.5 51.4 -56.3% Performance fees 61.2 81.9 -25.3% Total service fee income 324.7 342.4 -5.2% Net sale
Slide 18: Financial calendar 2023
Financial calendar 2023 23 MAR 2022 FY Annual Report 12 MAY 2023 3M Interim Statement with investor and analyst conference call 25 MAY 2023 Annual General Meeting, virtual 11 AUG 2023 H1 Financial Report with investor and analyst conference call 14 NOV 2023 FY Interim Statement with investor and ana
Slide 19: Contact
Appendix Contact CHRISTOPH GLASER MARTIN PRAUM Executive Director | CFO Senior Managing Director Head of Investor Relations & Group Reporting PATRIZIA SE Fuggerstrasse 26 T +49 69 643505-1114 86150 Augsburg, Germany M +49 151 19685445 investor.relations@patrizia.ag SEBASTIAN WEIS JANINA ROCHELL VERE