Investor Presentation - Eurazeo Private Equity

Released by

1 of 50

Creator

Eurazeo logo
Eurazeo

Category

Financial

Published

H1 2021

Slides

Transcriptions

#1EURAZEO INVESTOR PRESENTATION January 2022#2EURAZEO IN A NUTSHELL 2 Listed on Paris Stock Exchange 140 years of history market capitalization: c.€6.0bn access to superior PE return with a liquid stock 11 countries Local-to-local network across 4 continents €27.0bn AUM1 €19bn from Limited Partners c. €8bn NAV from our Balance Sheet Highly engaged ESG strategy Best-in-class on ESG, recognized by all major rating agencies 3 asset classes Diversified investment strategies Mid-market focus Best-in-Class institutional practices Private Equity, Private Debt, Real Assets >20 years strong track record in private capital markets Complementary strategies covering a broad spectrum of private markets Investing in a fast-growing market across Europe and North America Rigorous approach to compliance & internal control matter (IPEV, ILPA) EURAZEO 1. Assets Under Management as of June 30, 2021 INVESTOR PRESENTATION#3Agenda 1 OUR BUSINESS MODEL 2 OUR MARKETS AND CLIENTS 3 OUR INVESTMENT APPROACH 4 GROUP PERFORMANCE EURAZEO 5 OUTLOOK INVESTOR PRESENTATION#401. OUR BUSINESS MODEL EURAZEO 4 INVESTOR PRESENTATION#5OUR MODEL OFFERS ENHANCED RETURNS TO OUR SHAREHOLDERS DYNAMIC AND RECURRING REVENUES FROM THIRD-PARTY CAPITAL 69% AUM €27.0bn¹ 31% Management fees EURAZEO Performance fees ENHANCED RETURNS EURAZEO 1 Assets Under Management as of September 30, 2021 STRENGH OF BALANCE SHEET CAPITAL Capital gains INVESTOR PRESENTATION 5#6OPTIMIZED BALANCE SHEET ALLOCATION MODEL Real Estate (2014) SEED Target 3rd party in 2021-22e 100% Eurazeo Capital IV 28% 72% SCALE & ACCELERATE Private Funds 100% Brands Eurazeo Private (2017) 100% 38% 62% 99% PME III Debt Infrastructure (Q1 2021) Under construction Eurazeo Growth III 80% 20% Venture/ Digital 99% Balance sheet capital 3rd party capital 3rd party capital expected to be raised shortly Increase share of recurring revenues 6 וט Generate capital gains Seed new strategies Create track record to raise 3rd party capital EURAZEO Benefit from value creation for the balance sheet Leveraging track record and team to attract 3rd party capital Benefit from management fees and share of performance fees - Asset light for Eurazeo Limited investment to accelerate growth of fee-oriented strategy Create value in the General Partner INVESTOR PRESENTATION#7A ROBUST FINANCIAL STRUCTURE AT OUR CORE EURAZEO NET CASH position¹ €697 m REVOLVING credit facility DRY powder €1.5 bn €4.1 bn 1 Net cash position proforma as of October 31, 2021 M INVESTOR PRESENTATION#802. OUR MARKETS AND CLIENTS EURAZEO 8 INVESTOR PRESENTATION#9PRIVATE EQUITY: ATTRACTIVE RETURNS IN A "ZERO YIELD" ENVIRONMENT HERE TO STAY Low yields are here to stay (5Y euro yield¹) Superior returns of PE vs listed market in Europe 6 6% 5 4 3 2 1 0 -1 -2 2005 2007 2009 2011 2013 2015 2017 2019 2021 EURAZEO (as of December 2020) 23% 19% 17% 15% 7% 4% 5% -1% 1 year 3 years 5 years 10 years Investment horizon (years) PE Fund² (Horizon IRR) Stoxx Europe 600 Index³ (annualized TSR) 1 Source: European Central Bank (5-year maturity yield curve spot rate on AAA rated Euro aera government bond) 2 Source: Preqin; 3 Source: Bloomberg INVESTOR PRESENTATION#10THE LINK BETWEEN COMPANIES LOOKING FOR PRIVATE CAPITAL AND INVESTORS SEEKING YIELD 10 10 COMPANIES Capital GROWTH START-UPS FAMILY OWNED LISTED SMALLCAPS CONSOLIDATORS PE SPONSORED EURAZEO EURAZEO Superior ROCE INVESTORS INSURANCE COMPANIES SOVEREIGN FUNDS PENSION FUNDS FAMILY OFFICES WEALTH MANAGEMENT INVESTOR PRESENTATION#11STRONG GROWTH MOMENTUM FOR EURAZEO IN ASSETS UNDER MANAGEMENT ... 11 ASSETS UNDER MANAGEMENT (€bn) +16.5% p.a. 18,8 16,3 15,2 2017 PF 2018 EURAZEO 2017 proforma: acquisition of Idinvest and Rhône in 2018 21,8 27,0 2019 2020 9M 2021 INVESTOR PRESENTATION#12THANKS TO RECORD FUNDRAISING 1.6 ANNUAL FUNDRAISING (€bn) 2.4 2.9 9M 2021 HIGHLIGHTS >4.0 Private debt ^ 12 Fifth program closed above target at €2.0bn. With fast deployment, successor fund will be launched shortly Growth Third program closed above target at €1.6bn Secondary transactions Fourth program closed above target at €1.0bn 3.0 9M 2021 Small-mid Buyout 2018 2019 2020 2021 EURAZEO More than €0.7bn secured in 4th program. Target size of c.€1.0bn Wealth Continued strong fundraising from private clients (€350 M in 9M) Strong pipeline for Q4 2021 and FY 2022 INVESTOR PRESENTATION#13FUNDRAISING PIPELINE 2022 2023 (ILLUSTRATIVE) - Private Equity Private Debt Real Assets PME IV Digital IV Smart City II Capital V Growth IV (PME III - 2017: c.€660m) (Digital III-2018: €350m) (Smart City I-2016: c.€140m¹) (Capital IV - 2017: €2.5bn) (Growth III - 2019: €1.1bn²) ESMI Private Debt VI (PDF V - 2021: €1.4bn³) ESIA II (ISIAI 2017: €340m) Real Estate Infra Wealth Mgmt Entrepreneurs Club Venture Real Estate Principal Investment (Buyout) Brands 13 EURAZEO 1 Smart City I total program: €250m; 2 Growth III total program: €1.6bn; 3 Private Debt V total program: €2bn INVESTOR PRESENTATION#14AN INTERNATIONALIZED LIMITED PARTNERS' BASE A strong historical French anchor LP base... Assets Under Management as of Dec. 31, 2020 14 ... joined by international investors new funds raised in 9M 2021 15% ROW 8% 300+ limited partners 77% 10 EURAZEO 1 excluding AUM of Rhône and MCH Private Equity Asia Middle East 4% 7% North America 11% €3.0bn raised in 9M 2021 57% 21% INVESTOR PRESENTATION#15A DIVERSIFIED LIMITED PARTNERS' BASE Others 20% Wealth management Insurance Bank 2% 42% 7% Sovereign fund % of AUM1 High-Net-Worth 13% individuals 16% Pension fund EURAZEO 1 excluding AUM of Rhône and MCH Private Equity As of June 30, 2021 Eurazeo is a leading specialist in France to provide access to 120 000+ high-net-worth individuals through 80+ blue-chip partnerships 15 INVESTOR PRESENTATION#1603. OUR INVESTMENT APPROACH EURAZEO 16 INVESTOR PRESENTATION#17Empty#18BUILDING PLATFORMS OF EXPERTISE ACROSS THE GROUP MISSION TECH | 42% PE AUM Creating and developing leading European tech companies HEALTHCARE | 12% PE AUM Building the "French Care" ecosystem COMPANIES (ILLUSTRATIVE) M SEQENS MP hygiene DORC Doctolib У FRICHTI Pb WITHINGS TeleClinic Cardiologs BIOSERENITY Al serving cardiology klaxoon MessageBird lifen Groupe C2S DEDICATED GROWTH VENTURE KURMA NOV SANTÉ EXPERT TEAMS TRANSVERSAL TEAMS EURAZEO 1 As of June 30, 2021 MID-LARGE BUYOUT SMALL-MID BUYOUT GREEN ECONOMY | 4% PE AUM Investing in the transition to a low-carbon economy ies Beyond Charging REDEN SOLAR FORSEE ZOLA * meteo POWER Swift ELECTRIC VOLTA Ø ORGANICA sunfire seatower GREEN INFRASTRUCTURES ESMI SMART CITY BRANDS 18 INVESTOR PRESENTATION#19A RICH DEALFLOW ENABLING A HIGHLY SELECTIVE INVESTMENT PROCESS 3% 10% Industrials Business Services 11% Financial Services 11% Healthcare 3% Others >1,000 OPPORTUNITIES¹ 30% c.1% DEALS CLOSED OR SIGNED 32% Consumer I-TRACING MessageBird TECH tink neo4j ppro IT & Tech EURAZEO 1 Private Equity deal flow, excluding Venture activities (H1 2021) DIRECT TO CONSUMER FINANCIAL SERVICES AROMA-ZONE ultra premium direct Altaïr LUMIN SKIN MANAGEMENT FOR MEN GROUPE Premium. 19 INVESTOR PRESENTATION#20OUR APPROACH TO VALUE CREATION FOR PORTFOLIO COMPANIES Value creation examples iberchem THE ESSENCE OF NATURE Groupe C2S DES CLINIQUES PROCHES DE VOUS 1.0x Investment 0.3x 2.1x 0.1x 0.7x EBITDA expansion EURAZEO 1.0x 0.7x 1.0x 0.5x 3.2x 20 20 M&A Multiple effect Exit Investment EBITDA expansion M&A Multiple effect Exit INVESTOR PRESENTATION#2121 21 SETTING THE ESG BENCHMARK IN OUR SECTOR PLACING SUSTAINABILITY AND IMPACT AT THE HEART OF OUR INVESTMENT MANAGEMENT TO CREATE VALUE THE BEST-IN-CLASS player in our industry Signatory of: A+ Principles for Responsible Investment PRI ON ALL RELEVANT UNPRI CATEGORIES 01. Strategy & Governance 07. Private Equity (Indirect) 14. Fixed Income - Corporate Non-Financial 16. Private Equity (Direct) THE MOST AMBITIOUS ESG strategy 0 + CLIMATE - · Achieve net zero emissions by 2040 (SBTI) INCLUSION Promoting a more inclusive economy The only private market investment company in the TOP 5 ESG index families MSCI EURAZEO EURONEXT vigeqiris H ETHIBEL STOXX FTSE4Good ESG LEADERS INDICES A roadmap including all 17 of the UN Sustainable Development Goals INVESTOR PRESENTATION#22AN IMPACT COMPANY LAUNCHING IMPACT THEMATIC FUNDS Being an IMPACT COMPANY Launching strong impact THEMATIC FUNDS % OF ACTIVE FUNDS WITH ESG CRITERIA¹ Eurazeo Sustainable Maritime Infrastructure (Private Debt) PMBUSTRY, INNOVATION ANDHRASTRUCTURE Green and Digital Infrastructure (Real Assets) CLEAN ENERGY 80% OF FUNDST Article 8: ESG characteristics (focus on process) Article 9: Sustainable investment as an objective (focus on outcomes) Smart City (Venture) EURAZEO 1 Percentage of Eurazeo funds in fundraising or investment period that comply with article 8 and article 9 of SFDR. NovSanté (Acceleration) 22 22 CUMATT ACTHIN LIFE 14 BELOW WATER > ESG LUXFLAG Label DBUSTRY, NOVATION ANDHRASTRUCTURE CLIMATE ACTION SUSTAINABLE ES AND COMMUNITIES CURATE 13 ACTION C LUXFLAG Label ESG GOOD MLALIN AND WELL BEING label Relance> INVESTOR PRESENTATION#2304. GROUP PERFORMANCE EURAZEO 23 INVESTOR PRESENTATION#24SOLID COMPOUNDED GROWTH OF NET ASSET VALUE OVER THE LONG TERM +13% p.a. net, incl. dividends €34.7 NAV/share¹ 24 24 +18% incl. div €99.1 €85.4 INVESTOR PRESENTATION Dec. 2011 Dec. 2012 Dec. 2013 Dec. 2014 Dec. 2015 Dec. 2016 Dec. 2017 Dec. 2018 Dec. 2019 Dec. 2020 June 2021 EURAZEO 1 NAV per share is adjusted for bonus share allocation#25EURAZEO'S CONSISTENT TRACK RECORD IS A KEY SUCCESS FACTOR TO ATTRACT LP CAPITAL 25 25 - - Stable average long term performance: c.2x CoC over the last 20 years Consistent returns : c.60% exits between 1.5x-3.0x CoC INVESTMENT SIZE: Moncler² Cash on cash multiple (x) 10.0x Moncler² 10.0 7.0x Moncler² Moncler² Asmodee 6.7 Farfetch 4.0x 4.6 >€150m 4.1 Terreal Mors Smitt' 4.0 4.1 Orolia 3.50 3.5 C2S 3.5 Flexitallic 3.0x 3.4 Fraikin Vignal Lighting¹ Trader2 In'Tech 3.6 Group¹ 3.2 ANF Immo.2 2.9 3.0 Foncia Rexel³ 2.8 2.8 Colisée¹ Elis² 2.8 2.5x 2.4 IMV Tech.¹ ANF Immobilier² Smile¹-2 Iberchem 2.4 2.3 2.2 Accor² Cap Vert Finance¹ 2.5 2.4 PeopleDoc 2.3 2.3 2.4 Elis² 2.3 2.0x 2.1 Moncler² 2.0 2.0 2.0 2.0 2.2 CIFA ¡M 'Global 2.1 2.1 Adjust Planet 2.5 €100-150m 2.5 Seqens4 2.0 Eutelsat B&B 1.8 1.9 1.5x Edenred Gault & Frémont¹ 1.7 1.7 Odealim¹ 1.4 1.9 Neovia 1.9 Grandir 1.8 €50-100m 1.5 Accor² 1.0x 1.2 Elis² Europcar² Intercos Europcar² 0.5x Station Casinos 0.7 APCOA Elis² Desigual 0.5 Léon de Bruxelles Europcar² <€50m 0.0x 0.2 Sirti 0.1 3SP 0.0 0.0 0.0 2005 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 EURAZEO 1 At Eurazeo PME level. 2 Partial sales. 3 On average over the entire investment. 4 Potential earnouts could result in a multiple of 2.0x INVESTOR PRESENTATION#26ECONOMIC REVENUE GROWTH +23% IN 9M 2021 EXCLUDING TRAVEL & LEISURE GROWTH COMPANIES (NOT CONSOLIDATED) AVERAGE REVENUE GROWTH c.+50% for 9M 21 EURAZEO CONSOLIDATED PORTFOLIO (CONSOLIDATED ECONOMIC REVENUE, €m) EXCL. TRAVEL & LEISURE +23% TRAVEL & LEISURE 26 26 WorldStrides • Educational Travel & Experiences 3 319 .. Streamlined operations Well capitalized 2 750 2702 Grape • <3% of NAV HOSPITALITY 9M 2019 PF 9M 2020 PF 9M 2021 'planet • Exit at 2.5x CoC and c.19% IRR in 2021 Reinvestment to accelerate positioning as a global integrated payments leader INVESTOR PRESENTATION#27EXITS CRYSTALLIZED SIGNIFICANT VALUE IN 2021 GROSS CASH-ON-CASH MULTIPLE (COC) upon announcement dates 2020 Farfetch 2021 €2.4bn Orolia 4.1 4.0x In'Tech C2S 3.6 3.5x Trader Medical 3.2 Interactive 3.0 Adjust 3.0x CIFA Iberchem 2.8 2.5 Grandir 2.5 2.5x 2.2 2.1 2.1 Planet 2.0 2.0x 1.8 iM Global 1.5x Partner Seqens² 1.0x 0.5x 0.0x EURAZEO 1 Partial sales 2 Potential 2.0x CoC with earn-out % OF TOTAL PORTFOLIO NAV SOLD 2021 33% Average 2016-2020 18% 27 27 INVESTOR PRESENTATION#28ASSET MANAGEMENT: CONTINUING OUR FAST REVENUE EXPANSION MANAGEMENT FEES (in €m) 186 216 179 117 101 243 9 months 221 +24% 135 116 99 85 2018 PF 2019 PF EURAZEO H1 H2 2020 2021 28 INVESTOR PRESENTATION#2929 29 ASSET MANAGEMENT: FRE GROWTH AND MARGIN RAMP-UP OVER TIME FEE RELATED EARNINGS (FRE, €m) 59 70 FY 47 28.7% 27.5% 26.0% 14 38 29 18 2018 PF 2019 PF 2020 H1 H2 c35-40% margin 2021 2025 2027e Full Year FRE margin Short term investments Investments in people ahead of business growth, e.g. : - London office Sustainable infrastructure team Healthcare team Fundraising team Medium term uplift Strong FRE margin outlook confirmed: - - Significant AUM growth Economies of scale / operating leverage EURAZEO INVESTOR PRESENTATION#30ASSET MANAGEMENT: STRONG VALUE CREATION IN H1 2021 ASSET MANAGEMENT ACTIVITY NAV H1 2021 30 (€m) 1,549 1,440 183 195 iM Global Partner 228 -74 999 212 +23% +13% FY 2019 Remaining 30% acquired Value creation FY 2020 in Idinvest Scope change (ow partial sale of iM Global Partner) Value creation HY 2021 EURAZEO STRONG AUM AND FRE GROWTH CONSERVATIVE FRE AND PRE MULTIPLES INVESTOR PRESENTATION#3105. OUTLOOK EURAZEO 31 INVESTOR PRESENTATION#32WELL ON TRACK WITH OUR GROWTH PLAN Ambitious asset rotation program Fundraising in 2021/2022 above the record level of 2020 Double our AUM in 5-7 years (ie 2025-2027)1 FRE margin to reach benchmark levels in the medium term EURAZEO 1 as announced in November 2020 ON TRACK AHEAD ✓ AHEAD ✓ ON TRACK v 32 32 INVESTOR PRESENTATION#33REGULARLY GROWING DIVIDEND POLICY SUPPORTED BY HIGHER RECURRING REVENUES FROM ASSET MANAGEMENT (in €) +6.7% CAGR +20% 1.50 1.25 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 EURAZEO 33 INVESTOR PRESENTATION#34EURAZEO APPENDICES 34 INVESTOR PRESENTATION#35ASSETS UNDER MANAGEMENT In €m 31/12/2020 PF 30/09/2021 VS. Change (%) VS. NAV 3rd party AUM Total AUM NAV 3rd party AUM Total AUM LTM 31/12/2020 PF Private Equity, Eurazeo 4,536 8,465 13,001 5,718 11,520 17,239 57% 33% Mid-large buyout 2,523 1,226 3,749 3,020 1,572 4,592 43% 22% Small-mid buyout 570 470 1,040 842 922 1,765 113% 70% Growth 1,000 845 1,845 1,310 2,084 3,394 111% 84% Brands Healthcare Venture Private Funds 425 425 515 515 61% 21% 415 415 419 419 n.s. 1% 18 2,472 2,490 27 2,883 2,909 29% 17% 3,038 3,038 5 3,640 3,645 32% 20% Private Debt 21 4,308 4,329 28 4,912 4,940 22% 14% Real Assets, Eurazeo 1,020 51 1,071 955 66 1,020 28% -5% Rhône¹ (30%) 1,839 1,839 2,295 2,295 33% 25% MCH Private Equity (25%) 220 220 241 241 18% 9% Kurma (40%) 132 132 159 159 19% 21% Total Portfolio 5,577 15,015 20,592 6,701 19,192 25,894 45% 26% Asset Management² 1,440 1,440 1,572 1,572 52% 9% Net cash and other items³ -271 -271 -435 -435 n.s. n.s. Total 6,746 15,015 21,760 7,838 19,192 27,030 44% 24% EURAZEO 1 Including Private Equity and Real Assets. 2 Market value for Eurazeo Group, Rhône, MCH, iM Global Partner. INVESTOR PRESENTATION 35 55#36HIGH VALUE ADDED: PRIVATE EQUITY 76% OF AUM ASSETS UNDER MANAGEMENT NET ASSET VALUE REAL ASSETS ASSET MANAGEMENT PRIVATE DEBT PRIVATE €27.0bn' FUNDS Growth VENTURE EURAZEO 1 As of September 30, 2021 REAL ASSETS (12%) PRIVATE DEBT (0.3%) Mid- large buyout BUYOUT ASSET MANAGEMENT (19%) Small-mid buyout Brands Healthcare Venture + Private funds Growth €7.8bn¹ ACCELERATION Brands (22%) ACCELERATION Small-mid buyout 36 BUYOUT (47%) Mid-large buyout INVESTOR PRESENTATION#37STRONG NET RESULT (IFRS STANDARD) In €m Fee Related Earnings (FRE) Performance Related Earnings (PRE) A. Contribution of the Asset Management Activity B. Contribution of the Investment Activity C. Contribution of portfolio companies net of finance costs 37 BB H1 2019 PF H1 2020 PF H1 2021 18 29 38 50 12 53 68 41 91 193 -357 460 123 -55 139 excluding Travel & Leisure 36 10 165 Amortization of contracts and other assets relating to goodwill allocation -88 -90 -84 Income tax expense -28 21 -57 Non-recurring items -53 -82 -39 Consolidated net income/(loss) 214 -522 510 Attributable to owners of the Company 188 -295 476 Attributable to non-controlling interests 26 -227 34 EURAZEO 1 Total Group share impact including impairments, share of results and others INVESTOR PRESENTATION#38CONTRIBUTION OF THE ASSET MANAGEMENT ACTIVITY In €m Management fees From 3rd party limited partners From Eurazeo Investment Activity' Operating expenses² Finance costs and other income Fee Related Earnings (FRE) Performance fees, realized From investment partners From Eurazeo Investment Activity¹ Contribution of the Asset Management Activity ow minority share of iM Global Partner EURAZEO 1 Calculated H1 2020 PF H1 2021 % 115 135 +17% 74 96 +30% 41 39 -5% -86 -97 +13% -0.7 -0.5 n.s. 29 38 +31% 12 53 x4.3 2 5 x2.5 10 48 48 x4.6 41 91 +120% 3 2 2 Including 100% of Eurazeo's operating costs (less Eurazeo Group Strategic and general management costs), Idinvest, iM Global Partner and pro rata of Rhône, MCH Private Equity 38 INVESTOR PRESENTATION#39CONTRIBUTION OF THE INVESTMENT ACTIVITY In Єm Capital gains or loss & other revenue¹ Impairments Investment-related expenses H1 2020 PF H1 2021 88 593 -386 -27 -2 -12 Management fees paid to Eurazeo Asset Management Activity -41 -39 Performance fees paid to Eurazeo Asset Management Activity -10 -48 Investment Activity Net Return -351 467 Strategic and general management costs -6 -7 Contribution of the Investment Activity EURAZEO 1 Change in fair value of Eurazeo Growth companies passed through the P&L -357 460 39 INVESTOR PRESENTATION#40A EUROPEAN LEADER POWERED BY ITS WORLDWIDE NETWORK 40 40 London Luxembourg Berlin Frankfurt 12 OFFICES internationally 350 PEOPLE 25 NATIONALITIES at Group level* 53%F OF PORTFOLIO ECONOMIC REVENUES earned outside France Paris Milan New York Madrid São Paulo eurazeo Seoul Shanghai Singapore Development offices Investment offices INVESTOR PRESENTATION *consolidated perimeter#41A LONG-TERM SHAREHOLDER BASE & A STRONG CORPORATE GOVERNANCE 2% 3% 4% Rhône Treasury Richardson Partners shares family 16% Michel David-Weill Concert 18% JCDecaux Holding SAS EURAZEO Shareholding structure As of September 30, 2021 57% Free float¹ 1 Including individual shareholders and others (c.15%). Tikehau completely sold its stake in Eurazeo on December 1, 2021 2 Existing honorary chairman, 2 representing employees and 2 non-voting members 41 A STRONG CORPORATE GOVERNANCE - Separation of the roles of Chairman and CEO Independence of the Supervisory Board: 7 independent members out of 132 Audit Committee, Finance Committee, Compensation and Appointments Committee, CSR Committee, Digital Committee Existence of shareholder agreements between main shareholders and Eurazeo INVESTOR PRESENTATION#42SUPERVISORY BOARD STRONG CORPORATE GOVERNANCE 22 42 Michel David-Weill³ Chairman of the Supervisory Board, Chairman of the Finance Committee Current term of office expires: 2022 Jean-Charles Decaux³ Vice-Chairman of the Supervisory Board Joint CEO of JCDecaux Holding Current term of office expires: 2024 Olivier Merveilleux du Vignaux²-3 Vice-Chairman of the Supervisory Board Manager of MVM Search Belgium Current term of office expires: 2022 Roland du Luart2-4 Chairman of the Compensation and Appointment Committee Company Director Current term of office expires: 2024 Anne Lalou*(3)(4) Chairwoman of the CSR Committee Director of La Web School Factory Current term of office expires: 2022 Victoire de Margerie*3 Principal shareholder and Chairwoman of Rondol Industrie Current term of office expires: 2024 Françoise Mercadal- Delasalles*1-2-3 Deputy Managing Director of Crédit du Nord Current term of office expires: 2023 Amélie Oudéa-Castera* Chairwoman and Co-founder of the Rénovons le Sport Français association Current term of office expires: 2022 Stéphane Pallez*1-4 Chairwoman and Chief Executive Officer of La Française des Jeux (FDJ) Current term of office expires: 2021 Georges Pauget*1-2 Managing Partner of Almitage.Lda Current term of office expires: 2024 JCDecaux Holding represented b Emmanuel Russel1-2-4 Deputy Managing Director of JCDecaux Holding SAS Current term of office expires: 2022 Patrick Sayer Previous CEO of Eurazeo Companies Director Investor Current term of office expires: 2022 Christophe Aubut² Employee representative Current term of office expires: 2023 Vivianne Akriche Employee representative Current term of office expires: 2023 HONORARY CHAIRMAN Bruno Roger³ Chairman of Global Investment Banking of Lazard Group NON-VOTING MEMBER Jean-Pierre Richardson' Chairman and Chief Executive Officer of Joliette Matériel SA Current term of office expires: 2022 NON-VOTING MEMBER Robert Agostinelli(3) Co-founder & Managing Director of Rhône Group Current term of office expires: 2022 EURAZEO *Independent member 1 Member of the Audit Committee. 2 Member and permanent guest of the Compensation and Appointment Committee. 3 Member and permanent guest of the Finance Committee. 4 Member of the CSR Committee INVESTOR PRESENTATION#43PEOPLE ARE OUR CORE ASSET PARTNERS COMMITTEE: 20+ YEARS IN THE INDUSTRY EXECUTIVE BOARD Virginie Morgon Philippe Audouin Chief Executive Officer - Directeur Général Finances Group CFO Nicolas Huet General Secretary Olivier Millet Chairman of EMC1's Executive Board Christophe Bavière Senior Managing Partner - Head Investment Partners Benoist Grossman CEO of EIM² - Venture & Growth Matthieu Baret Managing Partner - Yann du Rusquec Senior Managing Partner Venture Managing Partner - Growth c.350 STAFF 43 33 Sophie Flak Managing Partner - ESG & Digital Marc Frappier Managing Partner - Head Mid-large buyout Jill Granoff Managing Partner - CEO, Brands C.13CINVESTMENT 5 38 PROFESSIONALS YEARS Average tenure YEARS OLD Average age Renaud Haberkorn Managing Partner - EURAZEO Caroline Hadrbolec Managing Partner - Chief Human Resources Officer François Lacoste Managing Partner - Private Debt Christophe Simon Managing Partner - Private Funds 1) Former Eurazeo PME. 2) Eurazeo Investment Manager, former Idinvest Partners. Frans Tieleman Managing Partner - Investment Partners Europe INVESTOR PRESENTATION#44FINANCIAL AGENDA March 10, 2022 May 19, 2022 + + July 28, 2022 + FULL YEAR 2021 RESULTS 1ST QUARTER 2021 REVENUES HALF YEAR 2022 RESULTS EURAZEO 44 INVESTOR PRESENTATION#45ABOUT US EURAZEO CONTACTS INVESTOR RELATIONS ANALYST COVERAGE Pierre BERNARDIN [email protected] Haojing PAN [email protected] +33 (0)1 44 15 16 76 +33 (0)1 44 15 89 36 Bank of America Berenberg CM-CIC Philip Middleton Exane BNP Paribas Christoph Greulich Alexandre Gérard Joren Van Aken Mourad Lahmidi Degroof Petercam EURAZEO SHARES ISIN code: Bloomberg/Reuters: Share capital as of June 30, 2021: Statutory threshold declarations EURAZEO FR0000121121 RF FP, Eura.pa Indices: SBF120 DJ EURO STOXX DJ STOXX EUROPE 600 MSCI NEXT 150 79,224,529 1% CAC FINANCIALS CAC MID&SMALL www.eurazeo.com Goldman Sachs Jefferies JP Morgan Cazenove Kepler Cheuvreux ODDO BHF SG Roberta De Luca Matthew Hose Christopher Brown David Cerdan Geoffroy Michalet Patrick Jousseaume 45 INVESTOR PRESENTATION#46DISCLAIMER CONFIDENTIALITY 46 46 This presentation (the "Presentation") has been prepared by Eurazeo. This presentation may not be distributed, published or reproduced, in full or in part, and the information contained herein must not be released by its recipients to third parties. The recipients of this Presentation undertake not to use the information received hereby for purposes other than those for which the information was communicated to them. REGULATION Eurazeo SE is a company listed on Euronext Paris. The recipients of information acknowledge having read and understood the provisions of applicable securities laws and market regulations relating to the use of inside information, and in particular of EU Market Abuse Regulation (Regulation (EU) 596/2014 of the European Parliament and of the Council dated 16 April 2014) as well as article L.465-1 of the French Monetary and Financial Code. The recipients of information acknowledge moreover that some of the confidential information contained in the Presentation may be regarded as inside information within the meaning of such securities laws and market regulations relating to the use of inside information. The recipients undertake, in their name and on behalf of the companies of their group, to comply with applicable securities laws and market regulations. DISCLAIMER The information contained in this Presentation is provided for information purposes only. Some of the information contained in this Presentation has been obtained from published sources prepared by other parties and it has not been independently verified. Neither Eurazeo nor the group to which it belongs nor any other person assumes any responsibility for the accuracy or completeness of the information contained in this Presentation and no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or opinions contained herein. The information set out herein is provided as of the date of the Presentation and Eurazeo is under no obligation to update, complete, revise, verify or amend the information contained in this Presentation and/or to provide to you any previous, current or future other materials in relation to Eurazeo or its products or services. Certain statements contained in this document may be statements of future expectations and other forward-looking statements that are based on certain assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. No information provided in the Presentation constitutes or should be used or considered as an offer to sell or a solicitation of any offer to buy the securities or services of Eurazeo or any other issuer in any jurisdiction whatsoever. None of Eurazeo or any of its affiliates, advisors or representatives shall have any liability whatsoever for any loss howsoever arising from any use of this document or its content or otherwise arising in connection with this document. UNITED STATES OF AMERICA None of the interests of funds managed by Eurazeo or any entity of its group has been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any U.S. state or other relevant jurisdiction. No such registration is contemplated. Neither the U.S. Securities and Exchange Commission nor any U.S. state or other authority or securities commission has reviewed or passed upon the accuracy or adequacy of this Presentation. Any representation to the contrary is a criminal offense. In addition, none of the funds managed by Eurazeo will be registered as an investment company under the Investment Company Act of 1940, as amended (the "Investment Company Act"), in reliance on one or more exclusions or exemptions therefrom. Investors in any such funds will be required to make certain representations regarding their qualifications, including that each is an "accredited investor" and a "qualified purchaser" as those terms are defined in the Securities Act and Investment Company Act, respectively. There is no public market for the interests in the funds managed by Eurazeo and no such market is expected to develop in the future. Accordingly, investors should be aware that they will be required to bear the financial risks of an investment for an indefinite period of time, including the risk of loss of their entire investment. Past performance is not necessarily indicative of future results and no guarantee can be given that the investment objectives of Eurazeo will be achieved or that investors will receive a return of capital or return on any of their capital. No representations or warranties of any kind are intended or should be inferred with respect to the economic returns or the tax consequences of an investment any fund managed by Eurazeo. This Presentation relates to investments managed by Eurazeo, which is not registered as an investment adviser pursuant to the Investment Advisers Act of 1940, as amended. As a result, the protections of such registration shall not be afforded to any investor in any fund managed by Eurazeo. EURAZEO INVESTOR PRESENTATION#47EURAZEO www.eurazeo.com

Download to PowerPoint

Download presentation as an editable powerpoint.

Related