TPG Results Presentation Deck

Fourth Quarter and Full Year 2021 Highlights Actual Non-GAAP Financial Measures ($M) Pro Forma Non-GAAP Financial Measures ($M) Operating Metrics ($B) = FY'21 FRE of $179 million increased 76% versus FY'20, and After-Tax DE of $1.24 billion nearly tripled year-over-year 4Q'20 $199 53 197 Fee-Related Revenues ("FRR") Fee-Related Earnings ("FRE") Realized Performance Allocations, Net After-Tax Distributable Earnings I Fee-Related Revenues. Fee-Related Earnings Realized Performance Allocations, Net After-Tax Distributable Earnings Assets Under Management ("AUM") Fee Earning Assets Under Management ("FAUM") Accrued Performance Allocations, Net Pro Forma Accrued Performance Allocations, Net Available Capital 246 Value Creation Capital Raised Capital Invested Realizations 4Q'21 $239 49 251 307 FY'21 Pro Forma FRE of $326 million increased 44% versus FY'20, and Pro Forma After-Tax DE of $538 million more than doubled year- over-year 4Q'20 FY'20 FY'21 $201 $727 $874 76 227 326 41 41 205 102 538 4Q'20 17% $2.2 3.3 3.4 4Q'21 $238 91 54 137 Total AUM of $114 billion, up 27% year-over-year; Fee Earning AUM of $60 billion, up 19% during the same period 4Q'20 $89.5 50.7 1.8 0.4 25.7 4Q'21 7% FY'20 $716 $2.8 7.7 101 7.0 313 441 232 3Q'21 $109.1 59.3 2.4 0.7 29.8 FY'20 18% $7.0 9.9 FY'21 $867 179 1,000 1,240 10.7 4Q'21 $113.6 60.1 1.3 0.8 28.4 FY'21 38% $20.5 21.6 25.4 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 9

View entire presentation