Eurazeo

[Decanus]

Paris, March 6, 2025
EURAZEO PERFORMS STRONGLY IN THE FIRST YEAR OF ITS 2024-2027 STRATEGIC PLAN
Strong asset management momentum
Third-party fundraising: €4,292m (+23%), including €941m raised from private clients
Fee Paying Assets Under Management: +8% to €27bn, including +12% for 3rd parties
Management fees: +7% to €421m, including +14% for third parties, excluding catch-up fees
Fee-Related Earnings (FRE): +11% to €150m (35.5% margin, up +110 bps)
Sharp rise in realizations and deployments
Sharp upturn in realizations: €3.4bn, a threefold increase vs. 2023 (€1.3bn)
Asset deployment: €4.6bn (€3.9bn in 2023)
Doubling of balance sheet rotation: c. 17% of the portfolio realized and announced
Another increase in exits expected in 2025
Robust value creation, offset by the impairment of some legacy assets
Robust performance by portfolio companies (Buyout EBITDA up 27%)
Change in fair value (-€0.3bn, -4%):
Impairment of certain legacy assets in Buyout (-€0.4bn) and additional adjustments in Growth ( €0.3bn)
Solid value creation in the remainder of the portfolio (+9%, +€0.4bn)
Positive outlook for value creation on the plan’s duration
Financial results and balance sheet
Net income group share: -€0.4bn (vs. -€0.1bn excluding IFRS10 impact in 2023)
Asset management contribution up +20%.
Investment activity contribution reflecting fair value adjustments
Portfolio net value on the balance sheet: €7.9bn (€107.8 per share)
Accelerated shareholder return in accordance with the strategic plan
10% increase in the ordinary dividend, to €2.65, proposed at the May 7 AGM
Doubling of the share buyback program to €400m (vs. €200m)
Strengthened leadership in sustainability and impact
Strong momentum for impact funds: 1st closing of EPBF and Biofund IV, final closing of ETIF
Ramp-up in portfolio decarbonization: advancement towards the SBTi target in 2025