TPG Results Presentation Deck
May 2022, 51 slides
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reports first quarter financial results quarter ended march i firs i | TPG
reports first quarter financial results | TPG
reports first quarter financial results | TPG
comparability statement and pro financial information | TPG
first quarter financial results | TPG
statements of operations net income was million for compared to million in on a pro basis net income attributable to was million for compared to million in on a pro basis | TPG
first quarter and last twelve months highlights actual non financial measures pro non financial measures operating metrics fee related revenues | TPG
non financial measures fee related earnings increased from million in on a pro basis to million in and amounted to million for on a pro basis margins increased from during pro to during realized performance allocations net increased from pro to going from million to million respectively while saw realized performance allocations net of million on a pro basis after tax distributable earnings saw growth from million in on a pro basis to million in after tax distributable earnings totaled million on a pro basis mainly driven by fee related earnings ona expenses | TPG
fee related earnings fee related earnings grew over pro fee related revenues increased in over pro driven by management fee growth of stemming from an increase in fee earning aum of primarily in the impact and real estate platforms fee related expenses increased between and pro primarily due to platform expansion fee related earnings margin increased from in to in pro fee related earnings margin was fee related earnings management fees by platform | TPG
after tax distributable earnings after tax distributable earnings more than tripled from million in pro to million for primarily from realized performance allocations net from the capital and impact platforms with additional expansion in fee related earnings which grew over the same period as a percentage of after tax distributable earnings fee related earnings accounted for in on a pro basis after tax after tax mix | TPG
realized performance allocations net realized performance allocations net were million in largely driven by in the capital platform rise i in the impact platform and i in the growth platform pro realized performance allocations net for were million driven by in the capital platform and rise i in the impact platform realized performance allocations net pro realized performance allocations net | TPG
net accrued performance allocations net accrued performance allocations net accrued performance allocations walk prior total value realized | TPG
balance sheet unaudited on a pro basis our investments increased million or from to mainly driven by value creation of in in we effectuated certain aspects of the reorganization with respect to assets transferred to including cash and economic entitlements associated with certain other investments which is reflected in our the pro column includes the impact of the and additional reorganization activities ona | TPG
non balance sheet cash and cash equivalents of million increased over actual largely driven by million of net proceeds our borrowings include notes with a principal amount of million which are backed by million in pledged assets at and a senior unsecured term loan with a principal amount of million that was issued as part of the reorganization at our net cash was million and we had an undrawn million credit facility in we effectuated certain aspects of the reorganization with respect to assets transferred to including cash and economic entitlements associated with certain other investments which is reflected in our non the pro column includes the impact of the and additional reorganization activities | TPG
operating metrics | TPG
assets under management and fee earning aum aum rose over to billion driven by value creation of for the last twelve months and of billion over the same period which included billion in rise climate within the impact platform and billion in in the real estate platform this was partially offset by realizations totaling billion in the last twelve months increased in over driven primarily by rise climate in the impact platform and in the real estate platform assets under management fee earning aum | TPG
assets under management and fee earning aum duration at approximately of our aum and of our is in perpetual or long dated funds with a duration of or more years prior to any extensions at approximately of our has a remaining of or more years with more than in vehicles that have or more years remaining including those considered perpetual aum by duration at inception by duration at inception by remaining duration years years years perpetual capital subject to periodic redemption | TPG
aum subject to fee earning growth aum subject to fee earning growth totaled billion at and represents capital commitments that generate new management fees aum not yet earning fees or generate a higher rate of management fees subject to step up when deployed aum not yet earning fees and subject to step up represent and of aum and respectively for potential fee related revenue opportunity associated with current aum subject to fee earning growth is estimated at approximately million annually at aum not yet earning fees subject to step up | TPG
aum aum increased billion in and billion in the last twelve months an increase of and respectively aum growth was driven by capital raised of billion for and billion for including billion in the impact platform and billion in the real estate platform in the last twelve months changes in investment value increased on both a quarter and basis largely due to value creation of in and for | TPG
increased billion in and billion in the last twelve months an increase of and respectively increases over both periods were driven by fee earning capital raised in of the real estate platform with contribution from rise climate in the impact platform in the last twelve months | TPG
other operating metrics and the last twelve months saw significant activity across the platform particularly in capital raised for both the impact and real estate platforms while the capital platform had substantial increases in capital invested and realizations as of we had billion of available capital | TPG
supplemental details a a | TPG
and non performance allocations | TPG
net income per share basic net income per share of for diluted net income per share of for | TPG
after tax and dividends per share after tax attributable to of per share for declared dividend of per share for on may with a record date of may and payable date of june | TPG
fund performance metrics | TPG
fund performance metrics | TPG
fund performance metrics | TPG
fund performance metrics notes | TPG
fund performance metrics notes | TPG
fund performance metrics notes | TPG
statements of operations expanded | TPG
statements of operations pro adjustments | TPG
pro statements of operations expanded | TPG
pro statements of operations notes | TPG
pro statements of operations notes | TPG
pro statements of operations notes | TPG
non financial measures expanded | TPG
non financial measures adjustments | TPG
pro non financial measures expanded | TPG
pro non financial measures notes | TPG
reconciliations and disclosures | TPG
to non financial measures reconciliation | TPG
to non balance sheet reconciliation | TPG
pro balance sheet | TPG
pro balance sheet notes | TPG
pro balance sheet notes | TPG
pro non balance sheet and notes | TPG
additional information | TPG
definitions | TPG
definitions | TPG
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