Q1 2025 Patrizia SE Earnings Call Transcript

May 14, 2025 / 10:59 AM GMT

Transcript

Key Points

Positve

EBITDA increased by 11.5% compared to the first quarter of 2024, driven by reduced staff costs and lower operating expenses.
Patrizia SE (XTER:PAT) achieved its highest organic growth since the end of 2023, with net growth of €767 million in the first quarter of 2025.
The company successfully entered the Philippine market with two infrastructure deals and made strategic investments in data centers in North and South America.
Management fees now virtually cover all operating expenses, achieving a strategic goal of 100% coverage.
Patrizia SE (XTER:PAT) is well-positioned to navigate market volatility, supported by renewed investor interest in Europe and a focus on modernizing European infrastructure.

Negative

Total service fee income decreased by 6% due to lower performance fees, aligning with management expectations.
The company's available liquidity is at its lowest level in 10 years, at slightly over €100 million.
Performance fees are expected to remain structurally lower as the company enters a new cycle and builds up new vintages.
The company experienced a 0.5% decline in AUM due to cash movements and trailing valuation effects.
Transaction fees from infrastructure investments are lower compared to real estate, potentially impacting future fee income as the company expands its infrastructure portfolio.

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

PATGn.DE - Patrizia SE
Q1 2025 Patrizia SE Earnings Call
May 14, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and a warm welcome to today's earnings call of the Patricia following the publication of the figures for the first quarter of 2025.

Kindly note that every participant is in a listen-only mode, but after the presentation, we will move on to a Q&A session where we would be happy to take your questions via the audio line.

And having said this, I hand over to Patrizia's associate director investor relations to Bea Endler.

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Unidentified_2 [2]
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