TPG Results Presentation Deck

After-Tax Distributable Earnings After-Tax Distributable Earnings were $1.24 billion for FY'21 compared to $441 million for FY'20, an increase of 181% driven primarily by realized performance allocations, net from the Capital and Growth platforms, with additional growth in Fee-Related Earnings ■ On a pro forma basis, After-Tax Distributable Earnings more than doubled year-over-year, growing 131% to $538 million in FY'21 compared to $232 million for FY'20 As a percentage of After-Tax Distributable Earnings, Fee-Related Earnings accounted for 14% in FY'21, and 61% on a pro form a basis for the same year $246 $307 4Q $441 After-Tax DE ($M) 2020 2021 $1,240 FY $102 $137 Pro Forma 4Q $232 $538 Pro Forma FY 81% FY'21 5% After-Tax DE Mix 14% 38% Pro Forma FY'21 1% ■FRE Realized Performance Allocations, Net Investment Income and Other 61% Note: Pro forma financial measures are on an adjusted basis, assuming the Reorganization and IPO occurred on January 1, 2020; see the Reconciliations and Disclosures section of this presentation for a full reconciliation and description of adjustments. TPG | 13

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