Tikehau Capital Sca · EURONEXT:TKO
Tikehau Capital Sca — Tikehau Capital — Investor Presentation (April 2026)
83 slides from Tikehau Capital Sca's investor presentation, Apr 7, 2026
Slide 1: Investor Presentation April 2026
INVESTOR PRESENTATION APRIL 2026
Slide 2: Agenda
1. Introduction to Tikehau Capital 3 1. Introduction to Tikehau Capital 3 Agenda 2. A large spectrum of expertise 12 2. A large spectrum of expertise 12 3. Accelerating growth in Asset Management 21 3. Accelerating growth in Asset Management 21 4. Granular Synergetic Investment Portfolio 33 4. Granu
Slide 3: Introduction to Tikehau Capital
1. INTRODUCTION TO TIKEHAU CAPITAL TIKEHAU CAPITAL INVESTOR PRESENTATION 3
Slide 4: A global alternative asset manager with two distinct engines
A global alternative asset manager with two distinct engines TIKEHAU CAPITAL Founded in IPO in €52.8bn €3.1bn 17 717 2004 March 2017 of AuM of shareholders’ equity Offices employees Complementary Strong equity base asset classes Supports Asset Recurring and predictable Principal Investor Management
Slide 5: Tikehau Capital's key differentiators
Tikehau Capital’s key differentiators Balance Sheet compounding growth Relevant cloud of strategic partnerships • €3.1bn of shareholders’ equity (Group share) • Strong partnerships with leading industrial, distribution and • Investment Grade rating (BBB- from Fitch and S&P) financial players, as wel
Slide 6: Our differentiated value proposition
Our differentiated value proposition Broad and Culture of Focus on Consistent Deep Partnerships relevant continuous megatrend investment European DNA set of innovation and thematic discipline and expertise capabilities investing skin in the game TIKEHAU CAPITAL INVESTOR PRESENTATION 6
Slide 7: A significant growth journey
A significant growth journey 2016-2025(1) CAGR 2016 2025(1) €53bn +22% +14% x4 (2) # Investment professionals 57 229 +63% x5.9 +26% # Sales professionals 8 86 x11 AuM €9bn +20% AuM from international investors (€bn) 2 25 x13 5 offices 17 offices 31/12/2016 31/12/2025 Credit Real Assets Private Equit
Slide 8: A solid track record of profitable growth
A solid track record of profitable growth Asset Management revenues Core Fee-Related Earnings(2) Returns to shareholders (1) +29% (1) +56% 380 148 0.80 0.40 0.50 41% FRE 0.80 7% 0.75 margin 0.70 39 0.60 3 €m €m 0.50 0.50 0.50 2016 2025 2016 2025 0.25 Management fee rate Shareholders’ Equity 2017 201
Slide 9: Structural tailwinds for alternatives
Structural tailwinds for alternatives Alternative assets to represent 20% of global AuM by 2029… …but capturing 56% of global revenues Passive Management CAGR CAGR $623bn $184tn +8% +7% 37 20% CAGR $435bn CAGR +6% 348 56% $128tn +7% 24 229 53% 18% $259bn $69tn 102 39% $36tn 10 14% $130bn 4 11% 40 31
Slide 10: An increasingly global platform
An increasingly global platform 14% of FTEs(1) in 36% of FTEs(1) in 17 North America Europe(2) & Middle East Offices globally Amsterdam 7% of FTEs(1) in Asia Montreal London Luxembourg 47 New York Brussels Frankfurt Nationalities Seoul Tel Aviv Milan Tokyo Madrid 57% Abu Dhabi Zurich Hong Kong of As
Slide 11: A large spectrum of expertise
2. A LARGE SPECTRUM OF EXPERTISE TIKEHAU CAPITAL INVESTOR PRESENTATION 11
Slide 12: Our conviction-based thematic investments
Our conviction-based thematic investments LONG-LASTING EXPERTISE IN MID-MARKET FINANCING ACROSS ASSET CLASSES AND STRATEGIES CREDIT CAPITAL MARKETS TACTICAL REAL ASSETS PRIVATE EQUITY PRIVATE DEBT STRATEGIES STRATEGIES • Special and hybrid capital • Asset transformation • Mid-market financing • Grow
Slide 13: A large spectrum of investment expertise
A large spectrum of investment expertise A COMPREHENSIVE OFFERING ACROSS ASSET CLASSES AND INVESTMENT VEH ICLES CAPITAL MARKETS Complementary vehicle types STRATEGIES CREDIT €6.2bn €24.5bn • Fixed Income • Direct & Corporate Lending Permanent capital • Equity • Credit Secondaries • CLOs / Leveraged
Slide 14: Early mover advantage on thematic investing
Early mover advantage on thematic investing Direct Decarboni- Cyber- Aerospace & Credit Regenerative Lending zation security Defense Secondaries Agriculture 2009 2018 2018 2020 2020 2022 Strategy launch year shown. TIKEHAU CAPITAL INVESTOR PRESENTATION 14
Slide 15: What our investor-clients are looking for
What our investor-clients are looking for VALUE-ADD 23% YIELD Main performance driver Main performance drivers = = Capital gains Income €52.8bn AuM as of 31 Dec. 2025 • Targets mid-high teens gross • Targets mid-high single digit IRRs gross IRRs • Back-ended returns • Predictable & regular returns 7
Slide 16: Credit
Credit OVERVIEW OF THE CREDIT PLATFORM Platform overview and summary Key merits of the platform Breakdown of the platform Tikehau Capital began investing in Private Credit in 2007 with the launch of its first Credit strategy. Tactical Strategies Credit Secondaries 8% In 2012, it established a dedica
Slide 17: Real Assets
Real Assets OVERVIEW OF THE REAL ASSETS PLATFORM Platform overview and summary Key merits of the platform Breakdown of the platform Tikehau Capital started investing in Real Estate in 2004 initially using its own balance sheet, followed by club deals in 2014 before adding dedicated value-add Liquid
Slide 18: A granular and diversified Real Assets platform
A granular and diversified Real Assets platform • Diversified platform composed of granular small-sized assets in prime locations • • High-quality long-term tenants Embedded hedge against inflation (rent indexation) >9,000 26% €1.4bn • Prudent and targeted investment approach, while taking advantage
Slide 19: Private Equity
Private Equity OVERVIEW OF THE PRIVATE EQUIT Y PLATFORM Platform overview and summary Key merits of the platform Breakdown of the platform Tikehau Capital began investing in Private Equity in 2013 with early investments made from its own balance sheet. Others Growth Equity 7% In 2018, it broadened t
Slide 20: Capital Markets Strategies
Capital Markets Strategies OVERVIEW OF THE CAPITAL MARKETS STRATEGIES PLATFORM Platform overview and summary Key merits of the platform Breakdown of the platform The investment platform is built on rigorous, in-depth fundamental research, supporting a deep understanding of every company we invest in
Slide 21: Accelerating growth in Asset Management
3. ACCELERATING GROWTH IN ASSET MANAGEMENT TIKEHAU CAPITAL INVESTOR PRESENTATION 21
Slide 22: Deployment: focused on larger and more global transactions
Deployment: focused on larger and more global transactions 98% • Continued conviction-led approach across dedicated verticals (Decarbonization, Aerospace & Defense, €7.6bn Cybersecurity, Regenerative Agriculture) • Successful completion of large-scale transactions across of exclusion rate Spain, Bel
Slide 23: Realizations: record year in Private Equity and Credit
Realizations: record year in Private Equity and Credit Average gross MOIC for 2025 realized exits 2.6x €4.0bn In Private Equity • Acceleration in exits Private Equity • 5 exits in 2025, 18 since 2018 1.6x Real Assets • Strategic disposals of granular assets In Real Estate €2.1bn 1.6x Credit • Financ
Slide 24: Solid track record of performance (1/2)
Solid track record of performance (1/2) European Direct Lending(1) Credit Secondaries Special Opportunities 8.8% 7.6% 15.3% 12.5% 15.2% Average Gross IRR Average Net IRR 1st vintage 1st vintage Average Gross IRR across vintages across vintages across vintages Gross IRR Net IRR on realized investment
Slide 25: Solid track record of performance (2/2)
Solid track record of performance (2/2) Private Equity(1) Value-Add Real Estate(2) Core/Core+ Real Estate(1) 2.6x 33% 9.3% Gross MOIC 2nd vintage of Value-Add Real Estate Immorente net IRR since inception on realized investments Gross IRR on realized investments <1.5% 21% 14.0% 2nd vintage of Value-
Slide 26: Granular and diversified exposure by sector and geography
Granular and diversified exposure by sector and geography AuM breakdown by sector AM Assets breakdown by geography Other RoW North America 2% 11% Dry Powder Dry Powder 10% 14% 14% UK 5% €52.8bn €52.8bn AuM as of 31 Dec. 2025 AuM as of 31 Dec. 2025 Top 15 Real Estate Continental sectors 26% Europe 49
Slide 27: Attractive portfolio metrics with embedded downside protection
Attractive portfolio metrics with embedded downside protection Conviction-based Granular Conservative use Low entry investment approach portfolios of leverage multiples Direct Lending(1) Private Equity(2) Real Estate(3) 100% +13% Covenanted investments LTM EBITDA growth >9,000 Units across Real Esta
Slide 28: Record level of fundraising in 2025
Record level of fundraising in 2025 • Final close for Cybersecurity IV, Regenerative Agriculture €8.0bn €10.5bn strategies Capital • Additional inflows for Decarbonization II, Aerospace & €7.0bn Markets Defense II and co-investments Strat. • Launch of a unit-linked product dedicated to European 2025
Slide 29: Continued expansion of our client base globally
Continued expansion of our client base globally AuM breakdown by investors nationalities as of 31 December 2025 Most represented nationalities in AuM as of 31 December 2025(2) Office Opening Year International investors(1) €24bn 9% 9% 1 United States 2018 12% 2 Italy 2015 +13% 3 United Kingdom 2013
Slide 30: Major steps forward in expansion in Asia
Major steps forward in expansion in Asia Client Finalization of the outreach & strategic partnership with Investment Client outreach & Investment Partnership with Hong-Kong + office opening Distribution agreement for Tikehau Capital funds Client Establishment of an investment outreach & joint-ventur
Slide 31: Continued progress in the democratization of private markets
Continued progress in the democratization of private markets AuM breakdown by client type as of 31 December 2025 Key partners Insurance Private banks Distribution Private investors companies platform 1% €18bn 4% 9% 34% 30% 25% €52.8bn of AuM as of 31 December 2025 of 2025 3rd party AuM as of 31 Dece
Slide 32: Our sustainability milestones
Our sustainability milestones €5bn ~40% Target set for climate of AuM covered by our net zero First sustainability 1st sustainable bond and biodiversity AuM by asset manager targets(1) report commitment for €500m 2025 2014-2015 2016-2017 2018- 2019 2020-2021 2022-2023 2024-2025 Creation of First car
Slide 33: Granular & Synergetic Investment Portfolio
4. GRANULAR & SYNERGETIC INVESTMENT PORTFOLIO TIKEHAU CAPITAL INVESTOR PRESENTATION 33
Slide 34: A sizeable and strategic investment portfolio
A sizeable and strategic investment portfolio Balance sheet investment portfolio fair value (€bn) 4.4 LP interest in external funds GP stakes 4.0 3.9 Listed investments 1.4 Ecosystem & 3.5 Co-investments alongside external GPs and 31% direct investments funds 2.7 79% 74% 2.3 2.4 79% 3.0 Tikehau Capi
Slide 35: Strong alignment of interests
Tikehau Capital strategies Ecosystem & direct investments Strong alignment of interests 4,359 4,359 195 Other direct investments Ecosystem and direct 1,343 Ecosystem investments investments 1,147 146 Alongside Tikehau Capital’s Strategies Capital Markets Strategies (€43m) Fixed income & equity Europ
Slide 36: €4.3bn committed in our strategies since IPO
Tikehau Capital strategies Ecosystem & direct investments €4.3bn committed in our strategies since IPO Support new fund launches and accelerate the scaling of established strategies FLAGSHIPS ADJACENCIES NEW INITIATIVES CLOs CO-INVESTMENTS Real Assets 17% Private Debt 29% Credit 15 6 24 €4.3bn 48% P
Slide 37: Facilitating co-investments and larger transactions alongside our funds
Tikehau Capital strategies Ecosystem & direct investments Facilitating co-investments and larger transactions alongside our funds Co-investment alongside Vintage I Co-investment alongside Vintage II of Credit Secondaries (2022) Our balance sheet supports of Decarbonization (2025) co-investments ~$50
Slide 38: Ecosystem and direct investments serving our global platform
Tikehau Capital strategies Ecosystem & direct investments Ecosystem and direct investments serving our global platform 4,359 Invest as an LP to complement and Develop long-term strategic relationships Ecosystem consolidate expertise through GP stakes and direct 1,343 investments Co-invest alongside
Slide 39: Rich and diversified ecosystem offering complementary exposure
Tikehau Capital strategies Ecosystem & direct investments Rich and diversified ecosystem offering complementary exposure and sector expertise Investment type Geography coverage Sector coverage 56 GP relationships €1.4bn €1.4bn €1.4bn 60 Ecosystem & direct Ecosystem & direct Ecosystem & direct invest
Slide 40: Case Study: Long-standing relationships with high-profile GPs
Tikehau Capital strategies Ecosystem & direct investments Case Study: Long-standing relationships with high-profile GPs GP Sector Finance Healthcare First investment date 2011 2014 # co-investments 5 2 # LP interests 2 1 Realized co-investments (MOIC / IRR) 8.6x(1) / 2.0x(2) 2.3x / 27% 3.7x / 82% Sh
Slide 41: Case Study: Our investment in Schroders generated significant value creation
Tikehau Capital strategies Ecosystem & direct investments Case Study: Our investment in Schroders generated significant value creation € m586 € 239 m 1.65x 64% Total proceeds Total P&L Gross MOIC Gross IRR (incl. €179m in 2026) As of 13 February 2026. TIKEHAU CAPITAL INVESTOR PRESENTATION 41
Slide 42: Our balance sheet: a strategic allocator to maximize value creation
Our balance sheet: a strategic allocator to maximize value creation Allocation framework Continued skin in the game with further selective commitments in our funds Improve Tikehau portfolio Focus on Value-Add strategies (Private Equity and Real Estate) Capital strategies and credit deals with expect
Slide 43: Lower capital intensity in our funds, greater flexibility for co-investments
Lower capital intensity in our funds, greater flexibility for co- investments opportunities Breakdown of balance sheet net commitments in Tikehau Capital’s strategies On average per year (in €m) 453 451 119 Co-investments alongside Tikehau Capital funds 453 332 Tikehau Capital funds €m 2018-2021 202
Slide 44: Financials
5. FINANCIALS TIKEHAU CAPITAL INVESTOR PRESENTATION 44
Slide 45: Simplified consolidated P&L
Simplified consolidated P&L €m 31 Dec. 2024 31 Dec. 2025 Management fees & other revenues(1) 337.1 358.3 (2) Operating costs (205.1) (210.7) (3) Core Fee-Related Earnings (FRE) 132.0 147.6 Core FRE Margin 39.2% 41.2% Share-based compensation (non-cash) (19.3) (20.0) Fee-Related Earnings (FRE) 112.7
Slide 46: Continued growth in Fee-Paying AuM supporting management fees
Continued growth in Fee-Paying AuM supporting long-term management fee generation +6% growth in Fee-paying AUM +6% growth in Management fees and others 52.8 AM revenues 380 49.0 351 Record level of PRE mainly coming Non fee-paying 22 from Direct Lending strategies(2) Performance fees Future fee-payi
Slide 47: Tikehau Capital's approach to performance fees
Tikehau Capital’s approach to performance fees Shareholder-friendly Material mid-term Cautious P&L recognition allocation profitability driver 53% No negative ~€25bn of carried interest on closed-end funds AuM eligible for carried interest as of revenue retained by Tikehau Capital 31 December 2025 1
Slide 48: Performance-related earnings, a material profit driver ahead
Performance-related earnings, a material profit driver ahead 10% yoy increase in AuM eligible to carried interest Our approach to carried interest Material embedded performance related revenues(1) 24.8 Shareholder-friendly 22.6 +10% allocation Cautious P&L recognition ~€220m As of 30 September 2025(
Slide 49: We expect material performance-related earnings to be recognized in the P&L
We expect material performance-related earnings to be recognized in the P&L ~€60m Maturity >2029 ~€160m €220m Maturity by 2029 Unrealized PRE(1) (1) Based on performance as of 30 September 2025. TIKEHAU CAPITAL INVESTOR PRESENTATION 49
Slide 50: Acceleration in Asset Management profitability generation
Acceleration in Asset Management profitability generation 12% yoy increase in Core FRE(1) 18% yoy increase in AM EBIT Core FRE AM EBIT 39% 41% 36% 39% margin margin 148 150 132 +12% +18% 126 €m €m 2024 2025 2024 2025 (1) Core FRE correspond to Fee-Related Earnings excluding expenses linked to share-
Slide 51: Portfolio revenues impacted by currency effects and fair value changes
Portfolio revenues impacted by currency effects and fair value changes 166 +19% 239 Unrealized 207 5 202 revenues 58 Ecosystem & 24 direct investments 239 +33% Tikehau Capital 182 178 Realized strategies 202 revenues €m 2024 2025 Portfolio revenues growth €m excluding currency effects (73) • Unfavor
Slide 52: Robust financial structure supporting our business model
Robust financial structure supporting our business model €m 31 Dec. 2024 31 Dec. 2025 Investment portfolio 4,001 4,359 €3.1bn €1.2bn Cash & cash equivalents 337 167 Other current & non-current assets 859 914 Total assets 5,197 5,440 Shareholders’ Equity, Short-term financial Group share resources Sh
Slide 53: Outlook
6. OUTLOOK TIKEHAU CAPITAL INVESTOR PRESENTATION 53
Slide 54: Solid progress in fundraising for our strategies
Solid progress in fundraising for our strategies Final closes held in 2025 Flagship closings in 2026 Launch date Strategy size Credit Direct Lending SPECIAL OPPORTUNITIES (3rd vintage) Q3 2022 €1.2bn +94% (6th vintage(1)) vs. previous vintage size Private Equity Decarbonization CREDIT SECONDARIES (2
Slide 55: 2026 milestone: an intermediary step in our journey
2026 milestone An intermediary step in our journey towards future profitable growth AuM FRE Net result(1) Return on Equity(1) >€60bn €175-225m €420-520m 13-16% As of 31 December 2026 In 2026 In 2026 In 2026 Above market expectations(2) (1) Excluding currency effects. (2) “Market expectations” refers
Slide 56: Maximizing value creation through our balance sheet
Maximizing value creation through our balance sheet Investment portfolio evolution Ecosystem & direct investments €4.4bn Capital allocation priorities Tikehau Capital strategies Prioritize active capital rotation and capital recycling Investment Maintain alignment of interests while reducing capital
Slide 57: More significant returns of capital will be delivered
More significant returns of capital will be delivered by 2029 ~€2bn New investments in our funds and ecosystem 1.2 Balance sheet optimization 0.4 Shareholder returns €bn 2018-2021 2022-2025 2026-2029 TIKEHAU CAPITAL INVESTOR PRESENTATION 57
Slide 58: Two distinct and synergistic growing engines offering optionality
Two distinct and synergistic growing engines offering optionality Asset Management Principal Investing From buildout Compounding effect and to harvesting velocity focus Significant embedded value Greater focus Acceleration in operating leverage Enhanced selectivity Higher PRE contribution More strat
Slide 59: A new chapter focused on scalability and profitability
A new chapter focused on scalability and profitability 1 Cumulative net new money expected to exceed €34bn over 2026-2029 (+22% vs. €28bn raised 2022-2025) 2 Core FRE margin expected to reach between 45-50% by 2029 (vs. 41% in 2025) 3 Commitment to maintain Investment Grade rating 4 Commitment to di
Slide 60: We expect cumulative net new money to exceed €34bn
We expect cumulative net new money to exceed €34bn over the next fundraising cycle (2026-2029) Growth drivers >€34bn • Scale existing funds • Selectively launch and grow adjacencies and new €28bn initiatives • Deepen institutional 2026-2029 relationships 2022-2025 • Broaden distribution channels to
Slide 61: Core FRE margin expected to reach between 45-50% by 2029
Core FRE margin expected to reach between 45-50% by 2029 Platform buildout Harvesting Growth drivers 45-50% • Enhanced business 41% mix 39% 39% 39% 35% 37% 29% 30% • Co-investments 22% • Stronger operating leverage • Disciplined cost 7% management 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 By
Slide 62: Appendix
7. APPENDIX TIKEHAU CAPITAL INVESTOR PRESENTATION 62
Slide 63: Capital structure
Capital structure Share capital ownership as of 31 December 2025 Other shareholders 1 Including Tikehau Capital Advisors(1) and other Management and free float entities(2) 26% 2 Shareholders which are also shareholders of Tikehau Capital 1 Advisors and / or part of a shareholders’ agreement with Man
Slide 64: Tikehau Capital's simplified organizational chart
Tikehau Capital’s simplified organizational chart Founders & Management Strategic investors 69% 31% Tikehau Capital Advisors and Other shareholders other Management entities(1) (incl. free float) 56% 44% Tikehau Capital (TKO FP) As of 31 December 2025. (1) Other entities controlled by AF&Co, MCH and
Slide 65: Shareholder-friendly allocation of carried interest
Shareholder-friendly allocation of carried interest Tikehau Capital: Group’s parent company whose securities are listed on Tikehau Capital the regulated market of Euronext Paris. The purpose of the company is to 53.3% 26.7% invest directly or indirectly in the Group’s investment platforms Asset Mana
Slide 66: An active and accretive M&A strategy
An active and accretive M&A strategy SUCCESSFUL INTEGRATION OF PAST ACQUISITIONS What we look for in an acquisition 2020 AuM at acquisition AuM as of 31 Dec. 2025 AuM CAGR International expansion €0.5bn €0.7bn +8% 2019 AuM at acquisition AuM as of 31 Dec. 2025 AuM CAGR Business mix rebalancing €0.05
Slide 67: Continued increase in fee-paying AuM
Continued increase in fee-paying AuM SUPPORTING LONG-TERM MANAGEMENT FEE GENERATION AuM breakdown Fee-paying AuM by duration 15% 8% Permanent capital Fee-paying 9% 7y or + Future fee-paying €42.1bn 3 to 6y Non fee-paying €52.8bn 80% 20% Fee-paying AUM as of 30% Less than 3y 12% AuM as of 31 December
Slide 68: Performance Track Record – Direct Lending
Performance Track Record – Direct Lending FUND LEVEL OVERVIEW AS OF SEPTEMBER 2025 COMMITMENTS IRR MOIC FUND VINTAGE % DRAWN Net DPI (2) (€M) Gross IRR Net IRR Gross MOIC Net MOIC Tikehau Direct Lending II (1) 2012 133.5 100% 1.51x 12.8% 9.6% 1.67x 1.51x Tikehau Direct Lending III 2015 610.0 100% 1.
Slide 69: Performance track record – Special Opportunities
Performance track record – Special Opportunities FUND LEVEL OVERVIEW AS OF SEPTEMBER 2025 IRR MOIC COMMITMENTS FUND VINTAGE % DRAWN DPI (€M) GROSS IRR(1) NET IRR (2) Gross MOIC(1) Net MOIC (2) Tikehau Special Opportunities I 2016 €140m 77% 0.91x 9.8% 6.26% 1.23x 1.15x Tikehau Special Opportunities I
Slide 70: Performance track record – Private Debt Secondaries
Performance track record – Private Debt Secondaries FUND LEVEL OVERVIEW IRR Multiple FUND SIZE ($M) VINTAGE % DRAWN Net DPI Gross IRR Net IRR Gross Multiple Net Multiple TPDS I 415.3 2021 69% 0.73x 15.3% 12.5% 1.47x 1.37x TPDS II1 1,011 2023 30% 0.38x 23.2% 19.2% 1.26x 1.21x Source: Tikehau Investme
Slide 71: Performance track record – Private Equity
Performance track record – Private Equity FUND LEVEL OVERVIEW AS OF SEPTEMBER 2025 IRR MOIC FUND VINTAGE COMMITMENTS (€M) % DRAWN (1) DPI Gross IRR (2) Net IRR (3) Gross MOIC (2) Net MOIC (3) Growth Equity II 2018 €374m 92% 0.3x 9% 7% 1.5x 1.4x Growth Equity Secondary 2019 €210m 89% 1.3x 15% 14% 1.6
Slide 72: Performance track record – Real Estate
Performance track record – Real Estate FUND LEVEL OVERVIEW AS OF SEPTEMBER 2025 IRR FUND VINTAGE COMMITMENTS (€M) % DRAWN (1) DPI(2) Gross IRR (2) Net IRR (3) TRP I (Mr BRICOLAGE) 2014 135 100% 1.38x 7.4% 6.1% TREIC 2015 256 76% 0.44x 5.8% 3.9% TRP III (BABOU) 2015 175 100% 1.08x 8.9% 7.2% TRP II (B
Slide 73: Capital Markets Strategies: solid performance across diversified products
Capital Markets Strategies: solid performance across a well- diversified range of products FLEXIBLE & EQUITY STRATEGIES 6% Performance recognition FIXED INCOME STRATEGIES 94% A dedicated team of experts A long-term and patrimonial approach Non-benchmarked strategies managed by conviction A dynamic m
Slide 74: Focus on Tactical Strategies
Focus on Tactical Strategies LEVERAGING ON TIKEHAU CAPITAL’S PLATFORM TO OFFER DIFFERENTIATED INVESTMENT SOLUTIONS INVESTMENT UNIVERSE 2 CONTRARIAN INVESTMENT PROPOSITIONS Broad investment scope providing multi-asset Special Opportunities Multi-Asset Solutions exposure and navigating across the capi
Slide 75: Fee-paying AuM and management fee rate by strategy
Fee-paying AuM and management fee rate by strategy €m 2020 2021 2022 2023 2024 2025 Real Assets 8,925 10,188 11,207 11,141 11,538 12,211 Credit 7,486 10,013 12,729 15,358 17,670 18,414 Capital Markets Strategies 4,184 5,124 4,078 4,644 5,732 6,158 Private Equity 2,650 3,040 3,403 3,805 4,811 5,312 T
Slide 76: A €4.4bn growth-compounding investment portfolio
A €4.4bn growth-compounding investment portfolio 288 307 Number of investments +€1,321m €(783)m €(18)m €(161)m Well-balanced exposure across Tikehau Capital strategies €4,359m €4,001m Capital Markets Strat. Other(1) €43m 1,343 (5%) (1%) Ecosystem & (30%) Credit direct invest. 1,053 Of which €951m In
Slide 77: Financial indebtedness and amortization plan
Financial indebtedness and amortization plan 1,150 500 500 300 300 98 55 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 (2) (3) 2019 Bond - €500m 2021 Sustainable Bond - €500m 2023 Sustainable Bond - €300m 2025 Bond - €500m 2030 RCF - €1.15Bn USPP - 10 Y - $115m USPP - 12Y - $65m (1) As of 31 Dec
Slide 78: Strong Corporate Governance
Strong Corporate Governance A highly independent and experienced Supervisory Board Capital Allocation Committee Board composition Board Committees Role: assist the Managers in its 11 ▪ Audit & Risk Committee investment decisions and in Members, including monitoring the financial performance 1 non-vo
Slide 79: Tikehau Capital – Supervisory Board
Tikehau Capital – Supervisory Board INDEPENDENCE, EXPERIENCE AND EXPERTISE Xavier MUSCA Roger CANIARD Fonds Stratégique de Participations, Sophie COULON-RENOUVEL Maximilien DE LIMBURG STIRUM Jean-Pierre DENIS Chairman of the Supervisory board Head of MACSF Financial represented by Florence LUSTMAN D
Slide 80: Contacts
Contacts Shareholders and Investors contact Théodora XU Julie TOMASI Head of Investor Relations Investor Relations Officer txu@tikehaucapital.com jtomasi@tikehaucapital.com +33 (0) 1 40 06 18 56 +33 (0) 1 40 06 58 44 Analyst coverage Autonomous CIC Market Solutions Exane BNP Paribas Goldman Sachs Ke
Slide 81: Disclaimer
Disclaimer By viewing or receiving or reading this Presentation (as such term is defined herein) or attending any This Presentation contains forward looking statements about the Group and its subsidiaries. These meeting where this Presentation is made, you agree to be bound by the limitations, quali
Slide 82: Disclaimer
Disclaimer This Presentation includes certain pro forma financial information about the Group. This pro forma a revolving credit facility to be subsequently repaid with investor contributions. financial information has been prepared on the basis of historical financial statements of the Calculations
Slide 83: VO) caviita
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