Bridge Investment Group Results Presentation Deck
Appendix
Unaudited Historical Pro Forma & Actual Non-GAAP Measures
($ in thousands)
Net income
Income tax provision
Income before provision for income taxes
Depreciation and amortization
Less: Unrealized performance allocations
Plus: Unrealized performance allocations compensation
Less: Unrealized (gains) losses, net
Plus: Other (income) expenses, net
Plus: Share-based compensation
Less: Net realized performance allocations attributable to
non-controlling interests
Less: Cash income attributable to non-controlling interests
in subsidiaries.
Distributable Earnings attributable to the Operating
Company
Realized performance allocations and incentive fees
Realized performance allocations and incentive fees
compensation
Net realized performance allocations to non-controlling
interests
Net insurance (income) loss
(Earnings) losses from investments in real estate
Net interest (income) expense and realized (gain) loss
Less: Cash income attributable to non-controlling interests
in subsidiaries
Total Fee Related Earnings
Less: Total Fee Related Earnings attributable to non-
controlling interests
BRIDGE INVESTMENT GROUP
$
12/31/2020
3/31/2021 6/30/2021
9/30/2021
$ 93,171 $ 38,378 $ 84,031 $ 118,882 $
2,829
96,000
1,198
(49,639)
1,703
40,081
753
(14,729)
2,340
86,371
727
(43,204)
2,540
2,607
121,489
699
(53,042)
2,682
3,348
623
(5,780)
225
(317)
(2,565)
$
7,287
$
(15,827)
(8,133)
1,704
15,827
(1,660)
(909)
Pro Forma
1,751
34,459 $ 16,947 $
(28,493) (6,467)
8,133
30,812 $
(8,133)
3,133
(4,486)
(2,648)
429
4,486
(1,108)
43
630
2,648
17,608 $
(2,648)
22,679 $ 14,960 $
16,916
(20,593)
Total Fee Related Earnings attributable to the Operating
Company
¹ Pro forma assumes the Transactions and IPO occurred prior to reported period.
(5,829)
36,611 $
(35,629)
2,223
20,593
110
(980)
1,995
5,829
30,752 $
(5,829)
24,923 $
Three Months Ended
12/31/2021 3/31/2022 6/30/2022 9/30/2022 12/31/2022
165,786 $ 97,505 $ 124,382 $ 32,241 $
4,821
5,545
170,607 103,050
651
633
(137,638) (65,862)
20,910
9,238
3,203
35,444
5,837
130,219
887
(70,116)
7,987
703
16,367
3,789
(705)
(479)
(3,483)
2,452
(17,142)
(12,154)
42,419 $
(30,999)
1,855
17,142
(1,101)
(823)
1,381
12,154
42,028 $
(12,154)
29,874 $
1,723
3,592
(5,913)
(14,568)
38,659 $
(10,345)
648
5,913
124
(333)
848
Actual
(14,568)
7,264
(6,094)
150
47,900 $
(8,937)
560
6,094
(665)
(40)
450
14,568
(150)
50,082 $ 45,212 $
150
35,514 $ 45,362 $
6,553
(18,409)
977
54,615 $
(33,581)
2,165
18,409
(1,406)
(1,251)
1,529
(977)
39,503 $
977
40,480 $
(387)
9,624
(12,460)
(3,307)
49,773 $
(22,308)
1,321
12,460
(1,183)
(818)
2,323
3,307
44,875 $
(3,307)
41,568 $
18,245
7,610
25,855
713
4,437
3,856
101
(1,246)
8,702
(2,357)
(4,424)
35,637
(4,455)
349
2,357
(3,083)
(60)
168
4,424
35,337
(4,424)
30,913
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