PATRIZIA : FY 2022 Ergebnispräsentation (englisch)

Preliminary FY 2022 results February 2023

Highlights

FY 2022

Top of mind

Market environment		Financial results			Outlook
Multiple challenges	+21.6% (AUM) | - 38.8% (EBITDA)			Moderately optimistic
•	- Geopolitical uncertainties	• + Grew high quality AUM, organically and via M&A			• + New leadership set up
• - Global supply chain disruptions	• + Increased management fee income / earnings quality			• + Recurring cost base reduction
•	- Inflation	• - Reduced transaction and performance fee income			• + Legacy issue retirement
•	- Interest rate shifts	• - Temporary expense inflation and restructuring cost			•	+ Infrastructure
•	- Market volatility	• + Strong operating cash flow			•	+ Multi-manager
			• + Increased cash dividend and continued share buy-backs			• + Blue-chip APAC partnerships
						•	+ Strategic focus

Strategy implementation

Successful transformation

• + From pan-European real estate investment management monoliner to truly global diversified real asset investment manager

With a solid balance sheet, strong available liquidity and > EUR 4bn firepower in AUM, PATRIZIA is ready to take operational + strategic action if and when opportunities arise

Strategic & operational highlights FY 2022

Successfully transformed the company in line with strategy, despite challenges

Client base

Product

Line

EUR

59.1bn

Assets under

Management (AUM)

International

Footprint

Net Zero Carbon

Strategy

EUR

8.8bn

AUM in

Infrastructure

• Enhancement of platform organically and inorganically
• International footprint further expanded towards Asia-Pacific and North America
• Infrastructure asset class includes investment solutions with focus on decarbonisation & energy transition, smart cities & digital infrastructure, water and environmental services, and social infrastructure
• Product Line expanded by new debt, listed securities as well as complementary wholesale channels
• New large mandates for PATRIZIA (e.g. in Japan real estate and APAC infrastructure)

PATRIZIA | © 2023	4

Financials FY 2022

Broad diversification in terms of sectors and geographies driven by forward-thinking investment strategies of inhouse research and local teams on the ground

3%5%

2%

4%

EUR

59.1bn

assets under management

6%

sqm

17.3m

real estate assets under management

2%3% 3%

15%28%

81%

resilient Core and

Core plus strategies

19%

5%

AUM by

6% geography 52%

5%

12%

AUM by sector

13%

10%27%

	AUM by
16%	risk style

65%

Germany		UK & Ireland
France & Belgium		Nordics
Asia-Pacific		Netherlands
Italy		Spain
North America		Other

Office

Retail

Infrastructure

Health Care

Residential

Logistics & Industrial

Hotel

Other

Core

Core plus

Value add

PATRIZIA | © 2023	5