Preliminary Q4 2024 Patrizia SE Earnings Call Transcript

Mar 24, 2025 / 10:59 AM GMT

Transcript

Key Points

Positve

Patrizia SE (WBO:P1Z) successfully navigated a challenging market environment in 2024, with stabilization in interest rates and inflation.
The company invested over €1.8 billion on behalf of clients in 2024, with infrastructure transactions contributing significantly to the overall volume.
Patrizia SE (WBO:P1Z) has set ambitious targets, aiming to reach an AUM worth more than €100 billion by 2030, focusing on five strategic growth areas.
The company raised €4.4 billion in real estate and €4.3 billion in European infrastructure, doubling its fundraising achievements compared to 2023.
Patrizia SE (WBO:P1Z) plans to expand organic AUM growth in 2025, focusing on establishing new scalable investment solutions and enhancing fundraising activities.

Negative

The company experienced a 1.5% year-on-year decline in AUM, with continued pressure on revenues, which dropped by around 15%.
Despite cost reductions of around 11%, the company faced challenges in maintaining profitability, with a net income improvement of only €12 million.
Management fees saw a reduction of 9% year-on-year, partly due to lower contributions from development service fees and structuring fees.
Performance fees experienced a major decline, driven by a new cycle beginning and lower realizations in the market.
The company's liquidity declined due to the redemption of a bonded loan tranche, co-investments, and dividend payments, leading to a net debt position.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PATGn.DE - Patrizia SE
Preliminary Q4 2024 Patrizia SE Earnings Call
Mar 24, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Welcome ladies and gentlemen. Good afternoon. Good morning, wherever you are.

Thank you for listening in to our today's call for the preliminary results regarding the full year 2024. This is speaking.

Glad to have you here on the line. I'm happy to have here with me CEO Azuka Verman and CFO Martin.

Azuka will present you an overview to the market environment and operational activity. Afterwards, Martin will guide you through our preliminary financials for 2024 as well as our guidance for 2025.

This will be followed by a Q&A session.

In today's call, we will refer to the results presentation which you can find on our website, in our IR section home on the most recent publications. In case of

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