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Investor Presentation

ASSET MANAGEMENT: STRONG FRE GROWTH FEE RELATED EARNINGS (FRE, before finance costs & others, €m) 72 +30% 93 60 47 29.5% 27.7% 26.0% 31 30.2% FY 2021 development Margin expansion despite significant investment for development Medium-term uplift in FRE margin confirmed (35-40%) >> Potentially temporarily impacted by exceptional development costs 2018 PF 2019 PF 2020 PF 2021 EURAZEO INVESTOR PRESENTATION

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