Kkr & Co. Inc. · NYSE:KKR
Kkr & — Morgan Stanley US Financials Conference 2025
16 slides from Kkr &'s conference presentation, Jun 10, 2025
Slide 1: KKR & Co. Inc.
KKR & Co. Inc. February 7, 2023 Adam Smith | Partner, Co-Head of Credit & Markets M O R G A N S TA N L E Y U S F I N A N C I A L S C O N F E R E N C E | J U N E 1 0 , 2 0 2 5
Slide 2: Legal Disclosures
Legal Disclosures This presentation has been prepared by KKR & Co. Inc. solely for informational purposes for its public stockholders in connection with evaluating the business, operations and financial results of KKR & Co. Inc. and its subsidiaries (collectively, “KKR”), which includes The Global A
Slide 3: KKR Capital Markets Overview
KKR Capital Markets Overview Highlights Business Lines Full service capabilities for both KKR companies and Debt Capital Markets Equity Capital Markets third party clients(1) Deep expertise and specialization across products, asset Structured Capital Markets Co-Invest & Partnerships classes and mark
Slide 4: Differentiated Business Model With KKR Credit
Differentiated Business Model With KKR Credit Credit & Markets Model Our Approach Not many can deliver breadth of solutions Integrated our credit and capital markets capabilities to in as integrated and scaled way deliver comprehensive capital solutions Credit KCM KKR Combined origination into one t
Slide 5: Business Evolution
Business Evolution Platform Formation (2007 – 2015) Scaling and Diversifying (2016 – 2025) Traditional private equity orientation Expanded with infrastructure, real estate, ABF, Launched third party business core and growth strategies 25-100 deals per year Scaled third party business; scaling GA-rel
Slide 6: Scaled And Diversified Revenue Base
Scaled And Diversified Revenue Base Expanded Revenue Sources Create Growth and Resiliency ($ in millions) Cumulative Transaction Fees by Source Over Period Annual Transaction Fee Revenue 2012 – 2015 2020 – 2024 Record Year in a $170 million Avg. Revenue Per Year $701 million Avg. Revenue Per Year Re
Slide 7: We Have A Growth Orientation
We Have A Growth Orientation Embedded Growth: We Grow as the Firm Grows Third Party Opportunity: +$1 billion of Fees So Far ($ in millions) $1,149 $1,002 $1, 000.00 950 $975 Crossed $1.0 billion $80 0.00 750 of third party fees in 1Q’24 $626 $60 0.00 $638 550 $541 $415 $40 0.00 $445 350 $20 0.00 $17
Slide 8: Appendix I
Appendix I
Slide 9: Global Atlantic And Structured Products Opportunity
Global Atlantic And Structured Products Opportunity Bank retrenchment has created new opportunities to invest across an increasingly broader range of asset types. This opportunity corresponds with the scaling of our Infrastructure, Asset-Based Finance and Real Estate businesses and 100% ownership of
Slide 10: Appendix II
Appendix II
Slide 11: Important Information – Endnotes
Important Information – Endnotes Note to Page 3 – KKR Capital Markets Overview (1) Any client that is not a portfolio company is considered third party. Our first third party fees were earned in 2009. Note to Page 7 – We Have A Growth Orientation (1) 2024 represents actual KCM Transaction Fees and K
Slide 12: Non-GAAP and Segment Definitions
Non-GAAP and Segment Definitions The key non-GAAP and other operating and performance measures that follow are used by management based compensation, which reduces Income Taxes on Adjusted Earnings during the period. If tax in making operational and resource deployment decisions as well as in assess
Slide 13: Non-GAAP and Segment Definitions (cont’d)
Non-GAAP and Segment Definitions (cont’d) • Insurance Operating Earnings is the segment profitability measure used to make operating earnings from companies and businesses reported through its Strategic Holdings segment. decisions and to assess the performance of the Insurance segment. This measure
Slide 14: Important Information – Other Legal Disclosures
Important Information – Other Legal Disclosures Past Performance and Investment Returns compounding earnings over a long period of time from such segment, and the belief that such segment is an unconstrained business line); KKR’s ability to grow its AUM, to deploy capital, to realize unrealized Past
Slide 15: Important Information – Other Legal Disclosures (cont’d)
Important Information – Other Legal Disclosures (cont’d) Forward-Looking Statements (cont’d) • risks related to our insurance activities, including risks involving: possibility of not achieving the intended benefit of the Global Atlantic acquisitions (including a failure to realize anticipated benef
Slide 16: Important Information – Other Legal Disclosures (cont’d)
Important Information – Other Legal Disclosures (cont’d) Website From time to time, KKR may use its website as a channel of distribution of material company information. Financial and other important information regarding KKR is routinely posted and accessible on the Investor Center for KKR & Co. In