Patrizia : 3M 2021 Ergebnispräsentation (englisch)

Results Presentation

3M 2021 | 12 May 2021

Video presentation

PATRIZIA 3M 2021 Financial Results | Video presentation

Let our CFO Karim Bohn guide you through the most important points of our 3M 2021 Financial Results

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https://youtu.be/vGdIs1YAuo0

PATRIZIA | © 2021	2

Financials 3M 2021

PATRIZIA beyond financials - 3M 2021 milestones

Resilient business	Structural growth	Sustainability and
model and platform	market	Transparency
EUR 1.0 bn of transactions signed in	Client survey confirms long-term	Building communities & sustainable
3M 2021	structural growth case	futures
PATRIZIA has a well filled transaction	More than 70% of our institutional clients	PATRIZIA made additional strategic hires in
pipeline	plan to expand their real estate	the field to further shape the industry and
	allocations over the next 5 years	create positive impact

PATRIZIA | © 2021	3

Financials 3M 2021

Four key messages for 3M 2021

A forward-thinking partner who invests responsibly to deliver real value

1

Good start into

the year

Operating income

up 7.4% y-o-y

driven by

continued growth

in management

fees

	2		3
Rock-solid	Increased
balance sheet	profitability

Net equity ratio of	Management fees
76.9% and	increased 5.8%
available liquidity	y-o-y, at the same
of more than EUR	time net operating
630.0m provide	expenses
flexibility for	decreased by
further growth	1.1% y-o-y

4

Guidance for FY 2021 confirmed

With a well filled

pipeline for 2021 we are fully on track to deliver on our FY 2021 guidance

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Financials 3M 2021

Our balance sheet is stronger than ever

We will continue to invest in our platform, in people and technology to offer our clients best in class products

• Strong balance sheet ratios and capital structure to facilitate further profitable growth
• Performance fee claim on Dawonia3 of EUR 379.2m4 pre-tax provides good visibility on overall performance fee income and cash-flow generation over the next years
• Operating income contribution from performance fees over next five years depends on client preferences and disposal activity in funds

	Strong balance sheet
	EUR m		31.03.2021
	Total assets		1,979.4
	Equity (excl. non-controlling		1,260.0
	interests)
	Equity ratio		63.7%
	Cash and cash equivalents		466.3
	+ Deposits and securities		+208.8
	- Bank loans		-40.0
	- Bonded loans		-300.0
	= Net cash		327.2
	Net equity ratio1		76.9%

	Significant liquidity
	EUR m		31.03.2021
	Bank balances, cash,		667.2
	deposits and securities
	- Regulatory reserve for asset		-32.4
	management companies
	- Transaction related liabilities		-0.0
	and blocked cash
	- Liquidity in closed-end funds		-0.0
	business property companies
	= Available liquidity2		634.8

¹ Net equity ratio: Equity (excl. non-controlling interests) divided by total net assets (total assets less loans covered by cash in hand)

1. In addition 2,668,545 PATRIZIA treasury shares (worth cEUR 58.0m as at 31.03.2021) which could be used as M&A currency (among other things)
2. EUR 4.9bn residential portfolio PATRIZIA manages on behalf of clients
3. EUR 309.0m after tax; see also page 13

PATRIZIA | © 2021	5