Eurazeo Se · EURONEXT:RF
Eurazeo — Eurazeo Paris Ord — 9M 2024 Earnings Presentation
12 slides from Eurazeo's earnings presentation, Nov 6, 2024
Slide 1: 9M 2024 Trading Update
9M 2024 TRADING UPDATE November 6, 2024
Slide 2: Fundraising up sharply in the first 9 months at €3.0bn
FUNDRAISING UP SHARPLY IN THE 2 KEY DEVELOPMENTS FIRST 9-MONTHS AT €3.0BN THIRD PARTY FUNDRAISING (€bn) • Continued strong momentum in Private Debt, up +110% • Private Equity up +59% 3.0 • Final close of Sustainable Infrastructure at 706m€ +76% • Institutional fundraising 1.7 ex-France representing
Slide 3: Double digit increase in third party fee-paying AUM
DOUBLE DIGIT INCREASE IN THIRD PARTY 3 FEE-PAYING AUM Total AUM1, €bn Fee-paying AUM1, €bn +7% 35.5 +9% 26.0 33.1 23.9 10.3 7.4 BALANCE 10.7 -3% 7.4 0% SHEET +12% 25.2 16.5 +12% 18.6 22.4 THIRD PARTY 9M 2023 PF 9M 2024 9M 2023 PF 9M 2024 9M 2023 9M 2024 (1) Restated from Rhône and MCH exits. include
Slide 4: Third party management fees up +15%
THIRD PARTY MANAGEMENT FEES UP +15% 4 MANAGEMENT FEES1 in €m +9% 312 287 +14% 63 _ 3rd party management fees 56 THIRD-PARTY IMG up +15% +15% 160 _ Balance sheet management THIRD-PARTY 140 PRIVATE MARKETS fees down -3%, consistent with strategy -3% BALANCE SHEET 92 89 9M 2023 PF 9M 2024 1. Restated f
Slide 5: Realizations and deployments up vs last year
REALIZATIONS AND DEPLOYMENTS UP VS LAST YEAR 5 REALIZATIONS (in €M) DEPLOYMENTS (in €M) 3,201 3,038 +5% 2,396 x3 807 876 9M 2023 9M 2024 9M 2023 9M 2024 Private Equity Private debt Real Assets 9M 2024 TRADING UPDATE - 06.11.2024 Confidential information
Slide 6: Significant pick-up in balance sheet exits
SIGNIFICANT PICK-UP IN BALANCE SHEET EXITS 6 BUYOUT REAL ASSETS Balance sheet exits YTD (announced and realized) Realized Realized Partial exit 11% Sponsor Trade buyers Realized x2 Trade buyer 6% Realized Trade buyer x5 Continuation Sponsor 9M 2023 9M 2024 Realized 9M Announced YTD 9M 2024 TRADING U
Slide 7: Solid performance of portfolio companies
SOLID PERFORMANCE OF PORTFOLIO COMPANIES 7 Growth Buyout2 REVENUES1 22% REVENUES1 +14% +7% Net portfolio 58% value Real Assets 12% €8.3bn REVENUES1 7% +21% 1. at constant Eurazeo scope and exchange rate. Weighted average revenue : Portfolio company revenue and EBITDA, proportional to the percentage
Slide 8: Q&A
8 Q&A 9M 2024 REVENUES - 06.11.2024
Slide 9: Selected funds performance
SELECTED FUNDS PERFORMANCE1 9 Vintage Fund size o/w BS Strategy Fund name % invested Gross MOIC Gross IRR Gross DPI Year (m€) (€m) Private Equity ECIV 2017 2,500 1,712 84% 1.9x 17% 0.9x MLBO ECIII 2014 2,000 1,506 97% 1.8x 12% 1.5x PME IV 2021 1,049 400 55% 1.7x 33% 0.3x SMBO PME III 2017 658 405 91
Slide 10: Financial agenda
FINANCIAL AGENDA 10 March 6, 2025 May 15, 2025 July 24, 2025 FY 2024 FIRST QUARTER 2025 HALF YEAR 2025 RESULTS TRADING RESULTS UPDATE 9M 2024 TRADING UPDATE - 06.11.2024
Slide 11: About us
ABOUT US www.eurazeo.com 11 EURAZEO CONTACTS ANALYST COVERAGE INVESTOR RELATIONS Alpha Value Saïma Hussein Autonomous Bernstein Isobel Hettrick Pierre Agathe BERNARDIN Chanoine Berenberg Christoph Greulich pbernardin@eurazeo.com achanoine@eurazeo.com CM-CIC Alexandre Gérard +33 (0)1 44 15 16 76 +33
Slide 12: Disclaimer
DISCLAIMER 12 CONFIDENTIALITY This presentation (the “Presentation”) has been prepared by Eurazeo. This presentation may not be distributed, published or reproduced, in full or in part, and the information contained herein must not be released by its recipients to third parties. The recipients of th