Bilge Ogut Head Private Equity Technology | Christopher Russell Private Equity Technology

Annual General Meeting of shareholders

25 May 2022

Information regarding shareholder's AGM 2022

Dear shareholders,

The Board of Directors has again decided that shareholders will only be able to exercise their shareholder rights via the independent proxy. As we transition from COVID-19 to a new normal, we respect that our shareholders will each make this transition in their own way and at their own pace and therefore have elected to not hold a physical meeting. Shareholders have the possibility to submit questions on agenda items in writing ahead of the meeting, which will be held on 25 May 2022.

Sincerely,

The Board of Directors Partners Group Holding AG

Contents

Message from the Chairman 4

The financial year 2021 at a glance 5

Motions submitted by the Board of Directors

1. Approval of the 2021 Annual Report 6

2. Motion for the appropriation of available earnings 6

3. Discharge of the Board of Directors and of the Executive Team 6

4. Consultative vote on the 2021 Compensation Report 7

5. Approval of compensation 8

  • 5.1 Approval of the total short-term compensation budget for the

    Board of Directors for the period until the next ordinary AGM in 2023 13

  • 5.2 Approval of the long-term compensation for the Board of Directors for the

    preceding term of office (ordinary AGM 2021 to ordinary AGM 2022) 13

  • 5.3 Approval of the technical non-financial income for the Board of Directors

    for the preceding term of office (ordinary AGM 2021 to ordinary AGM 2022) 13

  • 5.4 Approval of the total short-term compensation budget for the

    Executive Team for the fiscal year 2023 13

  • 5.5 Appproval of the long-term compensation for the Executive Team

    for the fiscal year 2021 14

  • 5.6 Approval of the technical non-financial income for the Executive Team

    for the fiscal year 2021 14

  • 5.7 Approval of performance-based entitlements for former members

    of the Executive Team for the fiscal year 2021 14

6. Elections

6.1 Election of members of the Board of Directors, including the Chairman 15

6.2 Election of members of the Nomination & Compensation Committee (NCC) 20

6.3 Election of the Independent Proxy 20

6.4 Election of the Auditors 20

Miscellaneous 21

AGM invitation 2022

Message from the Chairman

Dear shareholders,

2021 was an exceptional year for Partners Group, which showed the true potential of the platform we have been building for over two decades. As confidence returned, investment activity in private markets has picked up. Our thematic investing approach and entrepreneurial governance model enabled us to successfully navigate a very competitive market. Total assets under management (AuM) at the end of 2021 increased by 17% year-on-year, reaching USD 127 billion. In a year that saw demand coming from a broader client base than ever, it is clear that the trend towards bespoke client mandates, an area in which Partners Group has been an industry pioneer, has continued to prove a differentiator for our firm.

As a result, total revenues rose 86% to CHF 2'629 million in 2021. While we retained a disciplined approach to cost management, we also continued investing in the future growth of our business, leading our EBIT to increase by 89% to CHF 1'650 million. This resulted in a stable EBIT margin, which stood at 62.8%. Based on the solid development of the business across asset classes and regions, the operating result and Partners Group's Board of Directors' confidence in the sustainability of this growth, the Board proposes a dividend of CHF 33.00 per share to shareholders at the Annual General Meeting in May 2022.

We are confident in the long-term outlook for private markets, an industry we believe will grow to USD 30 trillion AuM in a decade. Private markets are, in our view, becoming the new 'traditional' asset class, offering tremendous investment opportunities for firms like ours. It will, however, be a market characterized by increased competition, growing regulatory scrutiny, and increasingly specialized market participants. In this environment, firms like Partners Group - well-resourced active managers that focus on thematic sourcing, value creation capabilities, and an entrepreneurial governance approach - will be greatly positioned to navigate these challenges and continue to deliver sustained outperformance to their clients, at scale.

At our Annual General Meeting on 25 May 2022, we plan to make amendments to the constitution of our Board. Grace del Rosario-Castaño, currently Chairwoman of the Nomination and Compensation Committee is retiring after serving seven years as an independent Board member. The Board proposes Flora Zhao and Anne Lester for election as new independent Board members. The Board further proposes to appoint independent Board member Flora Zhao as Chairwoman of the Nomination and Compensation Committee.

On behalf of Partners Group, I would like to thank you for your continued trust in our firm.

Yours sincerely,

Steffen Meister Executive Chairman

4 | Partners Group

AGM invitation 2022

The financial year 2021 at a glance

Financials

Partners Group is pleased to report a robust set of results across the board for the year 2021. Management fees grew by 25%, ahead of average assets under management (in CHF) growth of 17%. Record portfolio realizations amounting to USD 29 billion translated into exceptionally high- performance fee growth. Over the period performance fees represented 46% of total revenues, slightly above our 2021 guidance of 40-45%. The substantial increase was also driven in part by a "catch-up" in exit activities that had been postponed from 2020 following the outbreak of the COVID-19 pandemic, and select realizations originally planned for 2022 that were brought forward because the firm had already met its value creation targets. Following the exceptional 2021, we retain our guidance that performance fees will account for 20-30% of total revenues in the mid- to long-term. As a result of a strong year, total revenues rose 86%. Total costs grew in line with revenues and EBIT increased by 89%.

Profit increased in line with EBIT by 82% year-on-year. Based on continued AuM growth and a confident outlook across all business lines, the Board proposes a dividend increase of 20% to CHF 33.00 per share.

Summary of consolidated financial figures

Key figures (in CHF m)

2021

2020

Growth

Revenues1

2'629

1'412

+86%

Management fees2

1'432

1'146

+25%

Performance fees

1'197

266

+349%

Personnel expenses

-861

-430

+100%

EBIT

1'650

875

+89%

Net financial result

76

53

Profit

1'464

805

+82%

Dividend3

33.00

27.50

+20%

1) Revenues include management fees and performance fees.

2) Management fees and other revenues, net, and other operating income.

3) The Board of Directors proposes that a dividend of CHF 33.00 per share be paid for the financial year 2021, subject to the approval of the Annual General Meeting of shareholders to be held on 25 May 2022.

Partners Group | 5

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Partners Group Holding AG published this content on 22 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2022 08:17:03 UTC.