Investor Presentaiton
Arena Investors - Q4 2021 Quarterly Result Highlights
(dollars in millions)
Recurring Income
Management Fees
Servicing Fees
Other Income
Recurring Income
Operating Expenses
Fee Related Earnings (Loss)
Incentive Income
Incentive Fees
Incentive Fee Compensation
Net Incentive Fees
Net Income
EBITDA
Depreciation
Interest Expense
Taxes (Foreign)
Net Income (Loss)
Q4 2021 Results:
Q4 2021
Q4 2020
FY 2021
FY 2020
$
7.2
$
4.5
$
24.0
$
16.1
2.1
1.4
7.0
4.6
0.2
0.1
0.5
$9.5
$ 6.0
$ 31.5
0.3
$ 21.0
(7.0)
$2.5
(6.0)
($0.0)
(31.6)
($0.1)
(24.0)
($ 3.0)
$
15.4
$
4.2
$
34.3
$
1
(6.3)
(1.1)
(13.1)
$9.1
$3.1
$21.2
7.8
(3.8)
$4.0
$ 11.6
$3.1
$ 21.1
$ 1.0
(0.0)
(0.0)
(0.1)
(0.1)
(0.3)
(0.3)
(1.4)
(1.1)
(0.0)
(0.0)
(0.0)
(0.0)
$ 11.3
$ 2.8
$ 19.6
($0.2)
1. Arena is under no contractual obligation (past or future) to pay Incentive Fees earned to employees.
•
22
Net profit was $11.3 million for Q4 2021 and $19.6
million for FY 2021, compared to $2.8 million for Q4
2020 and a ($0.2) million loss for FY 2020.
Management Fee revenue was $7.2 million for Q4 2021
and $24.0 million for FY 2021, compared to $4.5 million
for Q4 2020 and $16.1 million for FY 2020.
Service Fee revenue was $2.1 million for Q4 2021 and
$7.0 million for FY 2021, compared to $1.4 million for Q4
2020 and $4.6 million for FY 2020.
Net incentive income was $9.1 million for Q4 2021 and
$21.2 million for FY 2021, compared to $3.1 million for
Q4 2020 and $4.0 million for FY 2020.
Recurring revenue is growing. Fee related earnings are
at a break-even point for FY 2021, turning positive in Q4
2021. Arena is now reaching a point where future growth
is well positioned to drive significant operating leverage
given the overall platform has largely been built-out
ahead of this growth.
ARENA
INVESTORS LPView entire presentation