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)
- 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)
- EUR 4.9bn residential portfolio PATRIZIA manages on behalf of clients
- EUR 309.0m after tax; see also page 13
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Patrizia AG published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2021 15:55:07 UTC.