Tikehau Capital’s Annual Combined General Meeting

Regulatory News:

The Annual Combined General Meeting of the Shareholders of Tikehau Capital (Paris:TKO) was held today under the chairmanship of Mr. Christian de Labriffe, Chairman of the Supervisory Board, and was broadcasted on the company's website where a replay will also be available.

The quorum was established at 93.31%.

All of the resolutions proposed by the Managers were approved, including the resolutions regarding the approval of the 2021 annual and consolidated financial statements, and the distribution of a dividend in the amount of €1.00 per share, which includes a €0.60 reference dividend and a €0.40 special dividend. The ex-date has been set for 20 May 2022, and the payment will take place on 24 May 2022.

This General Meeting was an opportunity for the Management team to review Tikehau Capital’s activities and results for the financial year 2021 and share perspectives on the Group’s growth ambitions.

• In 2021, Tikehau Capital reaped the benefits of its differentiating business model and delivered strong financial results in 2021 across its businesses:

  • The Group’s asset management business delivered robust growth on all fronts from assets under management to revenue while further improving its profitability.

  • Tikehau Capital’s investment portfolio returns increased sharply during the year thanks to an active and relevant portfolio rotation as well as the strong ramp-up from the investments made by the Group in its own funds.

• In the medium-term, Tikehau Capital set the ambition to materially accelerate its expansion and aims to:
  • Reach more than €65bn of AuM for its asset management business by 2026, thus doubling the size of its AuM,
  • Generate more than €250m of Fee-Related Earnings by 2026, a 2.6x progression vs 2021,
  • Drive its return on equity to mid-teens level by 2026.

• To achieve these new targets, released during its Capital Markets Day, which took place on 22 March 2022, the firm will continue to scale its investment strategies, driving strong operating leverage going forward, while continuing to leverage its compounding balance sheet, which is on track to generate growing and increasingly predictable returns.

Important information