Eurazeo / 2019 Universal Registration Document
Activity during the year and outlook Value creation
Assets under Management andNet Asset Value As of December 31, 2019,assets undermanagementbreak down and are definedas follows:
12/31/2018 06/30/2019
12/31/2019
%
% change
12/31/2019 vs . 12/31/2018
Value creation
(In millions of euros)
(In millions of euros)
(In millions of euros)
% of NAV
NAV– EURAZEOBALANCESHEET EurazeoCapital
3,287 2,384
2,750 2,260
2,850 2,647
45% 10.4% -13.3%
Eurazeo Capital Unlisted Eurazeo Capital Listed (1)
42%
15.6% -3.4%
11.0%
903 379 380
490 446 555
203 410 684
3%
-77.5%
EurazeoPME
6% 14.9% 11% 29.2%
8.3%
EurazeoGrowth
79.9%
Including Eurazeo's investments in fundsmanaged by Idinvest
20
25
36
1%
79.8% 81.6%
IdinvestVenture EurazeoBrands EurazeoPatrimoine IdinvestPrivateDebt
5
8
8
0%
112 481
173 623
259 760
4% 25.4% 132.1%
02
12%
17.7%
57.9%
- -
2
13
0% 0%
IdinvestPrivateFundsGroup
-
-
EurazeoDevelopment
869 799
984 972
1,012
16% 20.2%
16.4%
Investments in management companies Investment in fundsundermanagementof mgt. companies
999
16%
25.0%
70
12
12
0% 5%
-82.1%
Netcashandotheritems
396
580
322
NAV– EURAZEOBALANCESHEET
5,907
6,120
6,317
100%
#shares (2)
80,074,733 78,645,486 78,645,486
NAVpershare (in euros)
73.8
77.8
80.3
8.9%
Investment partners' AuM EurazeoCapital (1)
505 362 601
1,101 374 560
1,273
151.9% 0.6% -5.9% 12.5% 6.2% 25.6%
EurazeoPME (1)
364 565
EurazeoGrowth (1) IdinvestVenture EurazeoPatrimoine IdinvestPrivateDebt
2,012
1,963
2,263
63
65
67
2,904 2,428 1,477
3,249 2,438 1,495
3,648 2,564 1,529
IdinvestPrivateFundsGroup
5.6% 3.5%
Rhône(30%)
MCHPrivateEquity (25%) Investmentpartners'AuM
-
-
194
10,353 16,260
11,245 17,365
12,468 18,785
20.4%
TOTALAUM 15.5% Includinguncalledcommitments.Eurazeo'scommitmentsnotcalledin IdinvestfundsareexcludedfromIdinvestAuMfor a totalamountof €290 million. (1) For2018,thenumberof sharesis adjustedfor the2019bonussharegrant. (2) Sharepricesas of December 31, 2019 (20daysVWAP). (3)
/ EURAZEO
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2019 UNIVERSAL REGISTRATION DOCUMENT
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