TPG Results Presentation Deck slide image

TPG Results Presentation Deck

Fee-Related Earnings Fee-Related Revenues increased 43% in 2Q'22 over pro forma 2Q'21, driven by an increase in Fee Earning AUM of 28%, primarily in the Impact and Real Estate platforms H ■ ■ Fee-Related Expenses increased 15% between 2Q'22 and pro forma 2Q'21 primarily due to headcount growth driven by platform expansion and an increase in travel as COVID-19 restrictions ease Fee-Related Earnings margin increased from 25% in pro forma 2Q'21 to 40% in 2Q'22; pro forma 2Q'22 LTM Fee-Related Earnings margin was 41% $9 $45 Fee-Related Earnings Actual $102 ($M) Pro Forma $43 $112 $194 Capital $155 $12 $17 $16 $27 $82 Management Fees by Platform(1) ($M) Growth Impact Real Estate 43% $223 $18 $45 $43 $35 $81 $309 $25 $35 $33 $54 $163 37% Market Solutions $425 $37 $73 $85 $69 $162 2Q'22 2Q'21 YTD 2Q'22 YTD 2Q'21 2Q'22 2Q'21 YTD 2Q'22 YTD 2Q¹21 Note: Pro forma financial measures are on an adjusted basis, assuming the Reorganization and IPO occurred on January 1, 2020; see the Supplemental Details section of this presentation for a full reconciliation and description of adjustments. 1. There are no pro forma adjustments to management fees, and therefore the by-platform breakdown does not change between actual and pro forma figures. TPG | 9
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