Carlyle Investor Conference Presentation Deck
Reconciliation for Distributable Earnings Per Share (Unaudited)
(Dollars in millions,
except per share data and where noted)
FEE RELATED EARNINGS
DISTRIBUTABLE EARNINGS
DISTRIBUTABLE EARNINGS, NET
attributable to common stockholders
DISTRIBUTABLE EARNINGS, NET
per common share outstanding
Dividend per common share*
TOTAL OUTSTANDING SHARES (in millions)
Shares eligible for dividend (in millions)**
$
DISTRIBUTABLE EARNINGS, TAX AND PER SHARE INFORMATION 1
Distributable Earnings
$ 100.8
Less: Estimated current corporate, foreign, state and local
taxes 2
Less: Preferred share distributions
$
**
$
$
1Q'19
$
103.3
100.8
8.3
5.9
86.6
0.25
0.19
340.9
110.5
$ 132.7
$ 213.4
2Q'19
$ 213.4
$
$
$
8.8
5.9
198.7
0.57
0.43
341.2
116.1
$ 108.8
3Q'19
$ 160.7
$ 160.7
$
$
8.5
$ 144.9
7.3
0.41
4Q'19
346.7
117.8
$ 108.0
$ 171.7
$ 171.7 $ 175.0
5.2
166.5
1Q'20
$ 128.8
347.2
0.31 $ 0.25 $
349.4
$ 175.0
$ 0.47 $ 0.48
7.7
$ 167.3
0.25
348.4
348.7
$ 478.3
$
$
$
$
LTM 1Q'20
$
720.8
720.8
30.2
13.2
677.4
1.93
1.24
348.4
348.7
QoQ
19%
2%
YOY
25%
74%
LTM
12%
13%
Our dividend policy as a Corporation is to pay dividends in an initial amount of $0.25 per share of common stock ($1.00 annually), beginning with the 4Q'19 dividend paid to shareholders in February 2020. See
Notes at the end of the document for our Dividend Policy.
Shares eligible for dividend include 0.3 million common shares that will be issued in May 2020 in connection with the vesting of restricted stock units. For purposes of this calculation, these common shares have
been added to the common shares outstanding as of March 31, 2020 because they will participate in the dividend paid on common shares in May 2020.
Totals may not sum due to rounding. Information reported for periods prior to the Conversion on January 1, 2020 reflect the results of the Partnership. See Notes at end of document.
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