Morgan Stanley Financial Services Conference Glenn Youngkin, Chief Operating Officer June 2013 0
Key Investment Themes Solid and Consistent Performance Large Embedded Portfolio with Funds Accelerating Towards Carry Continue to Grow the Platform to Increase Earnings Power 2
An Introduction to The Carlyle Group Carlyle operates a diversified, multi-fund, global platform with four distinct segments Overall Platform Four Operating Segments Market 8.4 billion1 Capitalization Corporate Private Real…
Accrued Carry Building While Realizing Significant Performance Fees Net accrued performance fee1 growth positions Carlyle to deliver strong future cash earnings Net Accrued Performance Fees Net Realized Performance Fees 1,600 (…
Focused on Delivering Cash to Fund Investors and Unitholders drove robust 2012 Net Record 2012 Realized leading to solid per Realized Performance Proceeds for Fund unit metrics for common Fees and Distributable Investors…
Key Investment Themes Solid and Consistent Performance Large Embedded Portfolio with Funds Accelerating Towards Carry Continue to Grow the Platform to Increase Earnings Power 7
Portfolio is Poised for Significant Realizations and Performance Fees With approximately 13 billion in hedge fund capital and 62 billion in carry fund capital1 currently at work, we have an expansive portfolio of investments with…
Progress Towards Realizing Carry in Various Significant Funds As of the end of the first quarter 2013, Carlyle had 23 funds that were accruing carry with other funds approaching an accrued carry position Committed Gross IRR Net IRR…
Hypothetical Future Net Realized Performance Fees As a theoretical representation of the power of our portfolio, a 2.0x MOIC on our current invested and committed capital has the potential to generate up to 6 bn in realized performance…
Key Investment Themes Solid and Consistent Performance Large Embedded Portfolio with Funds Moving Towards Carry Continue to Grow the Platform to Increase Earnings Power 11
Industry Leader in Strategic Fund Evolution 1987 1992 1997 2002 2007 2012 CRCP CPE Global Infrastructure Asia Real Estate Real Assets Europe Real Estate U.S. Real Estate Global Market Strategies Energy NGP Solutions Renewable…
We Have Built an Industry Leading Distribution Capability Fund Investors Commit Across Multiple Carry Funds1 (% Capital) 72 person Investor Relations team 6% 10% 20 funds 16% 1,500+ Carry Fund Investors 22% 11 20 funds 28%…
Growth Plans Focus on Expanding Investment Capabilities Pre-IPO Current Build out leading Global Markets Focus on delivering and integrating Strategies Segment pre-IPO growth priorities Develop the leading Natural Scale and expand…
Growth Efforts Over the Past Year Have Been Broad Based Corporate Private Equity New regional funds More funds nearing realized and accrued carry Robust fundraising Global Market Strategies New hedge fund capabilities Scaled…
Fast Growing Global Credit and Liquid Markets Expertise Global Market Strategies (GMS) 98 million FRE and 178 million DE over the LTM GMS is our fastest growing segment 12 Active Funds Structured Credit Carry Funds Hedge Funds…
Fully Scaled Global Platform Positions us for Growth More than 650 Investment Professionals in 34 Offices Europe: AlpInvest Buyout Asia: International Energy AlpInvest Real Estate Buyout Small Buyout/Growth Hedge Funds…
A Positive Outlook for the Future Broad 123 billion in Fee-Earning AUM Growing fee revenues with Foundation 176 billion in Total AUM substantial embedded gains and remaining dry powder Global 650+ Investment Professionals &…
Appendix 2010 through 2012 Results and Balance Sheet Key Metrics for The Carlyle Engine Detailed Segment Metrics CPE, RA & GMS Reconciliation of GAAP to Non-GAAP financials 19
Corporate Private Equity Financial Data Select Active Fund Level Information Fully/ Cumulatively DE1 392 million Partially Inception Committed Invested Fund Invested Date Capital Capital MOIC Gross IRR Net IRR Fee-Related Earnings1…
Global Market Strategies Financial Data Segment Composition AUM of DE1 178 million Product Line Strategy (bn) Funds Fee-Related Earnings1 98 million Structured Credit Structured 15.4 40 Invests in performing broadly syndicated…
Real Assets Financial Data Select Active Fund Level Information DE1 92 million Fully/ Cumulatively Partially Inception Committed Invested Gross Fund Invested Date Capital Capital MOIC IRR Net IRR Fee-Related Earnings1 13 million…
Reconciliation of GAAP to Non-GAAP Financials Quarterly Annual 1Q12 2Q12 3Q12 4Q12 1Q13 2010 2011 2012 LTM Income before provision for income taxes 1,506 186 603 146 452 1,480 1,183 2,440 1,387 Adjustments: Partner compensation (1)…
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