TPG Results Presentation Deck

Distributable Earnings Following GAAP net income of $163 million in 1Q'22 and a loss of $262 million in 2Q'22, our After-tax DE decreased from $199 million in 1Q'22 to $162 million in 2Q'22 ■ ■ ■ After-tax Distributable Earnings more than tripled from $53 million in pro forma 2Q'21 to $162 million for 2Q'22, primarily from realized performance allocations, net from the Capital and Growth platforms, with additional expansion in Fee-Related Earnings which grew 127% over the same period As a percentage of Distributable Earnings, Fee-Related Earnings accounted for 43% in 1Q'22 and 59% in 2Q'22 $198 After-Tax DE ($M) 2Q'21 Actual Pro Forma $297 $162 Lill $118 $53 2Q'22 $361 2Q'21 YTD 2Q'22 YTD 57% Distributable Earnings Mix 1Q'22 43% FRE 41% 2Q'22 All Other Sources of Pre-tax DE 59% 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. TPG | 10

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