For Immediate Release April 30, 2014 The Carlyle Group Announces First Quarter 2014 Financial Results 183 million of Distributable Earnings on a pre-tax basis in Q1 2014 and 852 million over last twelve months; 0.52 per common unit…
strategies and make targeted acquisitions, Carlyle continues to meet the increasingly complex demands of our global investor base. Carlyle Co-CEO William E. Conway, Jr. said, Carlyles funds produced great returns for our fund investors…
The Carlyle Engine Carlyle evaluates the underlying performance of its business on four key metrics known as the Carlyle Engine: funds raised, equity invested, carry fund returns and realized proceeds for fund investors. The table below…
Carlyle All Segment Results Distributable Earnings (DE): 183 million for Q1 2014 and 852 million on an LTM basis o Pre-tax Distributable Earnings were 183 million for Q1 2014, or 0.52 per common unit on a post-tax basis.…
Assets Under Management and Remaining Fair Value of Capital Total Assets Under Management: 198.9 billion as of Q1 2014 (+13% LTM) o Major drivers of change versus Q4 2013: New capital commitments (+6.1 billion), market appreciation…
Non-GAAP Operating Results Carlyles non-GAAP results for Q1 2014 are provided in the table below: Carlyle Group Summary in millions, except unit and per unit amounts Economic Net income Q1 2014 Economic Net Income (pre-tax) 321.9…
Solutions Distributable Earnings (DE): 11 million for Q1 2014 and 50 million on an LTM basis, 215% higher than the prior LTM. o Fee-Related Earnings were 9 million for Q1 2014 and 38 million on an LTM basis. o Realized Net…
Balance Sheet Highlights The amounts presented below exclude the effect of U.S. GAAP consolidation eliminations on investments and accrued performance fees, as well as cash and debt associated with Carlyles consolidated funds. All data…
Public Market Investor Relations Daniel Harris Phone: 212-813-4527 daniel.harriscarlyle.com Media Elizabeth Gill Phone: 202-729-5385 elizabeth.gillcarlyle.com Page 12
The Carlyle Group L.P. GAAP Statement of Operations (Unaudited) Three Months Ended Mar 31, Mar 31, 2014 2013 (Dollars in millions, except unit and per unit data) Revenues Fund management fees 260.3 231.4 Performance fees…
Total Segment Information (Unaudited) The following table sets forth information in the format used by management when making resource deployment decisions and in assessing the performance of our segments. The information below is the…
Total Segment Information (Unaudited), cont Three Months Ended Mar 31, 2014 vs. Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2013 2013 2013 2013 2014 Mar 31, 2013 Dec 31, 2013 Economic Net Income, (Dollars in millions) Total Segments…
Corporate Private Equity Segment Results (Unaudited) Three Months Ended Mar 31, 2014 vs. Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2013 2013 2013 2013 2014 Mar 31, 2013 Dec 31, 2013 Corporate Private Equity (Dollars in millions)…
Global Market Strategies Segment Results (Unaudited) Three Months Ended Mar 31, 2014 vs. Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2013 2013 2013 2013 2014 Mar 31, 2013 Dec 31, 2013 Global Market Strategies (Dollars in millions)…
Real Assets Segment Results (Unaudited) Three Months Ended Mar 31, 2014 vs. Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2013 2013 2013 2013 2014 Mar 31, 2013 Dec 31, 2013 Real Assets (Dollars in millions) Revenues Segment fee…
Solutions Segment Results (Unaudited) Three Months Ended Mar 31, 2014 vs. Mar 31, Jun 30, Sept 30, Dec 31, Mar 31, 2013 2013 2013 (1) 2013 (2) 2014 (3) Mar 31, 2013 Dec 31, 2013 Solutions (Dollars in millions) Revenues Segment…
Total Assets Under Management Roll Forward (Unaudited) Corporate Private Equity Global Market Strategies (8) Real Assets (9) Solutions (10) Total Available Fair Value Available Fair Value Available Fair Value Available Fair Value…
Fee-Earning AUM Roll Forward (Unaudited) For the Three Months Ended March 31, 2014 Corporate Global Private Market Real Assets (USD in millions) Equity Strategies (7) Solutions Total Fee-earning AUM Balance, Beginning of Period…
Corporate Private Equity and Real Assets Fund Performance (Unaudited) The fund return information reflected in this discussion and analysis is not indicative of the performance of The Carlyle Group L.P. and is also not necessarily…
Global Markets Strategies Carry Funds and Solutions (Unaudited) TOTAL INVESTMENTS as of March 31, 2014 Fund Cumulative Inception Committed Invested Capital Total Fair Date (16) Capital (17) Value (3) MOIC (4) Gross IRR (7) Net IRR…
(1) The data presented herein that provides inception to date performance results of our segments relates to the period following the formation of the first fund within each segment. For our Corporate Private Equity segment our first fund…
Remaining Fair Value Analysis In Accrued Carry/ LTM Fee Quarters Original Remaining Unrealized Total % (Clawback) Realized Catch Initiation Since Fee Investment Fair Value(1) MOIC(2) MOIC(3) Invested(4) (5) Carry (6) up Rate…
Largest Publicly Traded Positions in Carry Funds Rank Largest Publicly Traded Equity Positions Fund(s) Q1 2014 Value (1,2) 1 CommScope, Inc. CP V, CEP III 2,994,719,821 2 Booz Allen Hamilton, Inc. CP V, CMP II 1,597,521,545 3…
Reconciliation for Economic Net Income and Distributable Earnings (Unaudited) Three Months Ended Mar 31, Mar 31, 2014 2013 (Dollars in millions) Income before provision for income taxes 472.4 452.4 Adjustments: Equity-based…
Reconciliation for Economic Net income and Distributable Earnings, cont. (Unaudited) Three Months Ended Mar 31, 2014 (Dollars in millions, except unit and per unit amounts) Economic Net Income 321.9 Less: Provision for Income…
GAAP for 12-Month Rolling Summary (Unaudited) Twelve Months Ended Mar 31, Mar 31, 2014 2013 (Dollars in millions) Revenues Fund management fees 1,013.5 974.6 Performance fees Realized 1,175.3 879.7 Unrealized 1,178.1 163.0…
Reconciliation of Non-GAAP to GAAP for 12-Month Rolling Summary (Unaudited) Twelve Months Ended Mar 31, Mar 31, 2014 2013 (Dollars in millions) Income before provision for income taxes 1,464.0 1,386.5 Adjustments: Partner…
The Carlyle Group L.P. GAAP Balance Sheet (Unaudited) As of March 31, 2014 Consolidated Operating Consolidated Entities Funds Eliminations Consolidated (Dollars in millions) Assets Cash and cash equivalents 1,034.3 - - 1,034.3…
The Carlyle Group L.P. Non-GAAP Financial Information and Other Key Terms Non-GAAP Financial Information Carlyle discloses in this press release the following financial measures that are calculated and presented on the basis of…
additional measure to assess performance and amounts potentially available for distribution from Carlyle Holdings to its equity holders. Adjusted EBITDA is a component of ENI and is used to measure Carlyles ability to cover…
personnel, regardless of whether such commitments or invested capital are subject to management or performance fees. Available capital, commonly known as dry powder, for Carlyles carry funds, NGP management fee funds, and NGP carry funds…
(c) the amount of aggregate Fee-Earning collateral balance at par of our collateralized loan obligations (CLOs), as defined in the fund indentures (typically exclusive of equities and defaulted positions) as of the quarterly cut-off date…
vehicles) of the net realized income or gain as a carried interest after returning the invested capital, the allocation of preferred returns of generally 8% to 9% and the return of certain fund costs (subject to catch-up provisions as set…
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