{ "docId": "019de072-f3a6-74ff-ad16-a2b865b1b183", "docSlug": "4d1011cd7f9c751208f061b8a59d0bac", "documentTitle": "Carlyle | Investor Conference Presentation Deck | 37 slides", "authorId": "carlyle", "authorName": "Carlyle", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2022-06-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 37, "pageCount": 37, "prevPage": 36, "nextPage": null, "slideType": "appendix_disclosure", "function": "appendix", "density": "overcrowded", "nDataPoints": 2, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de072-f3a6-74ff-ad16-a2b865b1b183/37", "deckHref": "/decks/019de072-f3a6-74ff-ad16-a2b865b1b183", "deckJsonHref": "/decks/019de072-f3a6-74ff-ad16-a2b865b1b183.json", "deckAnchorHref": "/decks/019de072-f3a6-74ff-ad16-a2b865b1b183#slide-37", "components": [ { "bbox": { "h": 0.135, "w": 0.908, "x": 0.046, "y": 0.69 }, "kind": "list", "text": "1. The Company has equity interests in NGP Management Company, L.L.C. (\"NGP Management\"), the general partners of certain carry funds advised by NGP, and principal investments in certain NGP funds. These equity interests are accounted for as investments under the equity method of accounting. Total investments attributable to The Carlyle Group Inc. excludes the strategic equity method investment in NGP Management and investments in the general partners of certain NGP carry funds.\n2. Of the $405.1 million in CLO loans as of March 31, 2022, $387.3 million are collateralized by investments attributable to The Carlyle Group Inc. The remaining $17.8 million in CLO borrowings are collateralized by investments attributable to non-controlling interests.\n3. Accrued performance allocations from NGP Carry Funds are recorded as an investment in the U.S. GAAP balance sheet.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "024d7d3e-a89b-4ba6-8b25-d616a47a35ec", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.908, "x": 0.046, "y": 0.225 }, "kind": "list", "text": "1. The Distributable Earnings in the Carlyle Consolidated column is income before provision for income taxes, which is the U.S. GAAP measure that is most directly comparable to Distributable Earnings.\n2. See detailed breakdown of revenue and expense adjustments on page 33.\n3. The Other Income (Loss) adjustment results from the Consolidated Funds which were eliminated in consolidation to arrive at Carlyle's total Other Income (Loss).\n4. See the reconciliation for Distributable Earnings and Fee Related Earnings on page 30.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "acaa7617-4b1c-449f-9037-80ac51ae543a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.235, "w": 0.908, "x": 0.046, "y": 0.402 }, "kind": "list", "text": "1. Adjustments to performance revenues and principal investment income (loss) relate to (i) unrealized performance allocations net of related compensation expense and unrealized principal investment income, which are excluded from the segment results, (ii) amounts earned from the Consolidated Funds, which were eliminated in the U.S. GAAP consolidation but were included in the segment results, (iii) amounts attributable to non-controlling interests in consolidated entities, which were excluded from the segment results, (iv) the reclassification of NGP performance revenues, which are included in principal investment income in the U.S. GAAP financial statements, (v) the reclassification of certain incentive fees from business development companies, which are included in fund management fees in the segment results, and (vi) the reclassification of tax expenses associated with certain foreign performance revenues. Adjustments to principal investment income (loss) also include the reclassification of earnings for the investments in NGP Management and its affiliates to the appropriate operating captions for the segment results, and the exclusion of charges associated with the investment in NGP Management and its affiliates that are excluded from the segment results, and adjustments to reflect the Company's share of UrbPlan net losses, until UrbPlan was deconsolidated during 2017, as investment losses for the Non-GAAP results. See Note 15 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2017 for further information regarding UrbPlan, and Note 5 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2020 for further information regarding NGP.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f04fc9be-602c-475d-8350-7ac9566e3bad", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.493, "x": 0.046, "y": 0.378 }, "kind": "paragraph", "text": "PAGE 32: ADJUSTMENTS TO PERFORMANCE REVENUES AND PRINCIPAL INVESTMENT INCOME", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "72870334-75f5-4a95-ad49-8565aebba67d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.515, "x": 0.046, "y": 0.201 }, "kind": "paragraph", "text": "PAGE 31: RECONCILIATION OF TOTAL SEGMENTS TO INCOME BEFORE PROVISION FOR INCOME TAXES", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7c1bfb48-5831-4abb-a27e-ed8a1ccb7bdf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.018, "w": 0.488, "x": 0.046, "y": 0.666 }, "kind": "paragraph", "text": "PAGE 33: RECONCILIATION OF INVESTMENTS AND ACCRUED PERFORMANCE ALLOCATIONS", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9681c265-970a-4073-b9ab-a09021a01620", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.045, "w": 0.185, "x": 0.046, "y": 0.075 }, "kind": "title", "text": "Endnotes", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "0a3fa719-3b91-403f-80b8-fa14092e87a0", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 37, "from": 26, "beatId": "414e7e51-f7e9-45d8-843a-ba63610408c3", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The deck concludes with a call to action and supporting data", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }