Patrizia Se · XETR:PAT

Patrizia — PATRIZIA Immobilien — Q1 2018 Earnings Presentation

16 slides from Patrizia's earnings presentation, May 17, 2018

  1. Slide 1: Q1 2018 Results Presentation

    PATRIZIA Global partner for pan-European real estate investment Q1 2018 Results Presentation 17 May 2018 PATRIZIA Immobilien AG PATRIZIA Bürohaus | Fuggerstrasse 26 | 86150 Augsburg | T +49 821 50910-000 | F +49 821 50910-999 | immobilien@patrizia.ag | www.patrizia.ag

  2. Slide 2: Q1 2018 reflects new level of business activity and profitability

    Q1 2018 reflects new level of business activity and profitability HIGHLIGHTS ASSETS UNDER MANAGEMENT (in EUR billion) ASSETS UNDER MANAGEMENT (AUM) Slightly >40.0 47.0 39.1  AUM increased by 78% to EUR 39.1bn | TRIUVA: EUR 10.0bn (Closing: 1 January 2018) 37.0 1.1 0.1 Principal investments  +78% |

  3. Slide 3: Operating income 2018e confirmed between EUR 85.0-100.0m

    Operating income 2018e confirmed between EUR 85.0-100.0m INCOME BRIDGE Q1 2018 (in EUR million)  Management fees of EUR 37.4m (Q1 2017: EUR 22.9m; +63%) due to the full quarter inclusion of TRIUVA, growing AUM base leads to the strong growth  Transaction fees of EUR 5.1m (Q1 2017: EUR 8.1m; -38%)

  4. Slide 4: Significant increase of diversified income streams from acquisitions

    Significant increase of diversified income streams from acquisitions STRONG INCREASE OF SERVICE FEE INCOME TOTAL SERVICE FEE INCOME (in EUR million) 267.5 - 302.5  Total service fee income up 110% to EUR 65.1m driven by outstanding investment performance and 250 first-time consolidation of TRIUVA 5

  5. Slide 5: Lower transaction fees in line with softer market in Q1

    Lower transaction fees in line with softer market in Q1 TRANSACTION FEES OF EUR 5.1M TRANSACTION VOLUME (in EUR billion)  Transactions worth EUR 0.7bn completed 5 4.5 - 6.5 in Q1 2018 (Q1 2017: EUR 0.9m; -22%) 4 6.5 —  Softer transaction markets compared to last year 3 4.5 Disposals 2  -22%  EUR

  6. Slide 6: Exceptional performance already generated ample performance fees

    Exceptional performance already generated ample performance fees SUPERIOR RETURNS FOR INVESTORS TRANSLATE INTO ATTRACTIVE PERFORMANCE FEES  Performance fees of EUR 22.7m in Q1 2018 emphasise PATRIZIA’s asset management capabilities and investment track record (weighted average IRR of 18.6%)  Inves

  7. Slide 7: PATRIZIA continues to be well positioned for further growth

    PATRIZIA continues to be well positioned for further growth SOLID FINANCIAL POSITION  Strong balance sheet ratios and capital structure to facilitate further profitable growth  Total available liquidity amounts to EUR 501.6m as at 31.03.2018  Increase in shareholder value and high degree of finan

  8. Slide 8: Full-year guidance of EUR 85.0-100.0m operating income confirmed

    Full-year guidance of EUR 85.0-100.0m operating income confirmed HIGHLIGHTS INCOME BRIDGE FY 2018 (in EUR million)  Strong performance in Q1 2018 in line with company expectations 39.0  Integration of corporate acquisitions well 70.0 on track — -230.0 62.5 50.0 — | Consolidation of SPI and TRIUVA

  9. Slide 9: PATRIZIA – Investment Highlights

    PATRIZIA – Investment Highlights 1 Leading listed European real estate investment firm 2 Broad institutional client base and strong fundraising momentum – globally 3 High quality services across the entire property value chain 4 Excellent track record in sought after European property investment mar

  10. Slide 10: Appendix

    Appendix PATRIZIA Immobilien AG| © 2018 10

  11. Slide 11: Reconciliation of Operating Income

    Reconciliation of Operating Income EUR k Q1 2018 Q1 2017 EBITDA 45,959 10,140 Amortisation of other intangible assets1 and software, -2,183 -1,355 depreciation of equipment EBIT 43,776 8,785 Finance income/expenses -1,315 -648 Result from currency translation 838 12 EBT 43,299 8,149 1 Amortisation o

  12. Slide 12: Consolidated Income Statement

    Consolidated Income Statement EUR k Q1 2018 Q1 2017 Revenues 81,876 40,949 Income from the sale of investment property 306 164 Changes in inventories -15,421 -4,798 Other operating income 1,372 6,114 Total operating performance 68,133 42,429 Cost of materials -1,817 -3,410 Cost of purchased services

  13. Slide 13: Consolidated Statement of Financial Position | Assets

    Consolidated Statement of Financial Position | Assets ASSETS EUR k 31.03.2018 31.12.2017 A. Non-current assets Difference amount before purchase price allocation 304,421 0 Goodwill 12,623 7,366 Other intangible assets 34,313 35,224 Software 11,901 11,207 Investment property 15,843 15,979 Equipment 6

  14. Slide 14: Consolidated Statement of Financial Position | Equity and Liabilities

    Consolidated Statement of Financial Position | Equity and Liabilities EQUITY AND LIABILITIES EUR k 31.03.2018 31.12.2017 A. Equity Share capital 89,555 89,555 Capital reserves 129,545 129,545 Retained earnings Legal reserves 505 505 Currency translation difference -10,640 -11,586 Revaluation reserve

  15. Slide 15: Financial Calendar

    Financial Calendar 2018 May 17  Quarterly Statement for the first quarter of 2018 June 20  Annual General Meeting, Augsburg August 7  Interim Report for the first half of 2018 November 14  Quarterly Statement for the first nine months of 2018 Invitations and dial-in numbers are provided in advan

  16. Slide 16: Contact

    Contact KARIM BOHN MARTIN PRAUM CFO GROUP HEAD OF IR PATRIZIA Immobilien AG T +49 821 50910-402 PATRIZIA Bürohaus F +49 821 50910-399 Fuggerstrasse 26 M +49 151 19685445 86150 Augsburg martin.praum@patrizia.ag Germany VERENA SCHOPP DE LAURA WANZL ALVARENGA MANAGER IR MANAGER IR T +49 821 50910-347 T

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