EURAZEO GROUP ACTIVITIES HOLDING UP WELL IN Q1 2020, WITH LIMITED IMPACT OF COVID-19

Good economic revenue resistance

• Economic revenue down 4.5% in Q1 2020 at constant Eurazeo scope

     O Stable revenue, excluding the Travel & Leisure sector

• Strong Group mobilization in the fight against COVID-19 and to adapt its structures

Investment policy remains selective

• €455 million in investments and reinvestments (€147 million balance sheet share)

     O Including c.€150 million invested in the Growth segment (€95 million balance sheet share), which continues its strong momentum

• €220 million in total or partial divestments (€57 million balance sheet share)

Assets under Management (AuM): €18.8 billion

• 3 rd party AuM: €12.6 billion

• Net Asset Value (NAV): €6.2 billion, or €78.4 per share

• Only cash and listed assets were revalued in the quarter (< 2% of NAV), in line with the methodology. Unlisted assets are revalued six-monthly.

Continued growth in the asset management activity

• Management fees: €57 million, +21% boosted by 2019 fundraising

• Q1 2020 fundraising: €283 million

• Exercise of the option to acquire an additional 10% stake in Idinvest Partners, which will increase Eurazeo’s total interest to 80% (post-closing)

Robust financial position

• Cash and cash equivalents of €746 million as of March 31, 2020, including €400 million drawn on the €1.5 billion syndicated credit facility

• “Dry powder” of €3.5 billion

Find the full report here 

Source: Eurazeo

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