Carlyle Investor Day Presentation Deck

Grow Fee Related Earnings to $800 Million & Triple Realized Performance Revenues FEE RELATED EARNINGS & FRE MARGIN $520 $490 MN 2020 30% 13% CAGR FRE Margin $800+ MN 2024 40% NET REALIZED PERFORMANCE REVENUES $246 MN 2020 30% CAGR $800+ MN 2024 INVESTOR DAY 2021 Note: 2020 Fee Related Earnings were $520 million, or $490 million excluding the impact of $30 million in one-time recoveries. Please see the "Important Information" slide for more information about the use of and reliance on projections. 86

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