Half Year 2025 Eurazeo SE Earnings Call Transcript
Key Points
- Eurazeo SE (EUZOF) achieved a fundraising total of €2.1 billion in the first half of 2025, with a significant portion coming from private equity, highlighting the strength of their franchises.
- The company reported a 10% increase in fee-paying assets under management (AUM) from third parties, demonstrating strong client interest.
- Eurazeo SE (EUZOF) successfully executed asset rotations, realizing transactions worth over €900 million, or 12% of their portfolio value, at or above net asset value (NAV).
- The company's portfolio showed resilience, with a robust underlying EBITDA growth of 17% in buyouts and a 14% revenue growth in their growth portfolio.
- Eurazeo SE (EUZOF) continues to be recognized for its sustainability practices, receiving awards for its private debt and Article Nine funds, and making 13 new impact investments in climate solutions and healthcare.
- The fair value of Eurazeo SE (EUZOF)'s portfolio decreased by 6% in H1 2025, with a 2% negative impact from foreign exchange variations, particularly the EUR/USD parity.
- The company reported a negative contribution of €364 million from its investment activity in H1 2025, largely due to non-cash fair value changes.
- Real estate segment performance was down 6%, attributed to adjustments in asset valuations, which is higher than some peers in the industry.
- Despite strong underlying metrics, the company remains cautious about value creation for the rest of 2025 due to market uncertainties and foreign exchange impacts.
- The contribution from minority interests declined significantly, influenced by foreign exchange impacts on the IMG segment.
Hello and welcome to the Eurazeo H1 2025 resolves call. [Operator Instruction]
I will now hand you over to your host William Kadouch-Chassaing, Co-CEO and Christophe Bavière, CEO to begin today's conference.
Good morning., Thank you for joining this call. Christophe and I are pleased to welcome you to our 2025 half year results presentation.
Our presentation as customary will be in 3 parts. First, I will share with you the financial and non-financial highlights for each one. Second, Christophe will focus on fundraising, commercial dynamic, and asset rotation. Third and last, I will detail our results. We will then be available to take questions.
Let me turn to the highlights. During the first half of 2025, we made further progress in the execution of our strategic plan. Let me share some key facts that summarize the performance in each one.
First, as you can see, asset management continues to grow. Fundraising stands at â¬2.1 billion
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