Carlyle Investor Day Presentation Deck

...Resulting in an Improved Earnings Mix $791 25% DISTRIBUTABLE EARNINGS ($MN) 2012-2017 Avg INVESTOR DAY 2021 $674 52% 2018 $647 70% 2019 ■FRE as % of DE $762 68% 2020 EARNINGS MIX WILL BE MORE BALANCED BETWEEN FRE & CARRY IN FUTURE PERIODS 82

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