Earnings Call Summary | KKR & Co(KKR.US) Q1 2024 Earnings Conference
Earnings Call Summary | KKR & Co(KKR.US) Q1 2024 Earnings Conference
The following is a summary of the KKR & Co. Inc. (KKR) Q1 2024 Earnings Call Transcript:
以下是KKR＆Co的摘要。Inc. (KKR) 2024 年第一季度财报电话会议记录：
Financial Performance:
财务业绩：
KKR & Co. reported Q1 fee-related earnings per share at $0.75, up 22% compared to Q1 '23.
Total Operating Earnings for the quarter were $1.08 per share, whilst adjusted net income per share was $0.97, up 20% YoY.
Management fees in Q1 were $815 million, up 4% sequentially from last quarter.
Fee-related earnings were $669 million with an increased FRE margin of 68%, up 700 basis points YoY driven by improved compensation framework and strong expense management.
Insurance operating earnings were $273 million reflecting elevated cash and more liquid assets of Global Atlantic due to recent sizable transactions.
Adjusted net income totaled $864 million or $0.97 per share, and gross unrealized carried interest balance increased to $6.9 billion.
The firm raised $31 billion of capital this quarter, making it nearly $90 billion raised over the last 12 months and deployed $14 billion in the quarter across private markets.
KKR＆Co. 报告称，第一季度与费用相关的每股收益为0.75美元，与23年第一季度相比增长22％。
该季度的总营业收益为每股1.08美元，调整后的每股净收益为0.97美元，同比增长20％。
第一季度的管理费为8.15亿美元，比上个季度连续增长4％。
费用相关收益为6.69亿美元，FRE利润率提高了68％，同比增长700个基点，这要归因于薪酬框架的改善和强大的支出管理。
保险营业收入为2.73亿美元，这反映了由于最近的大量交易，Global Atlantic的现金和流动性资产的增加。
调整后的净收益总额为8.64亿美元，合每股0.97美元，未实现附带利息总余额增至69亿美元。
该公司本季度筹集了310亿美元的资金，在过去12个月中筹集了近900亿美元的资金，并在本季度向私人市场部署了140亿美元。
Business Progress:
业务进展：
KKR closed on the remaining interest in Global Atlantic on January 2 and now owns 100% of GA.
A new segment, Strategic Holdings, was introduced and is expected to drive Operating Earnings.
The company provided a long term guidance expecting to raise $300+ billion of capital over 2024 through 2026.
KKR plans to scale their third-party insurance Assets Under Management (AUM) and increase activities in the core private equity space.
The company's Asset Based Finance (ABF) business is expected to grow significantly and there are growth plans for KKR's capital markets business as well.
KKR's pipeline for monetization is healthier than it's been in the past 12 to 18 months.
The private equity portfolio's maturity, with around 50% being four years or older, coupled with strong investment performance points to a solid future outlook.
KKR于1月2日关闭了环球大西洋的剩余权益，现在拥有通用汽车100％的股份。
引入了一个名为战略控股的新细分市场，预计将推动营业收益。
该公司提供了长期指导，预计将在2024年到2026年筹集超过3000亿美元的资本。
KKR计划扩大其第三方保险管理资产（AUM），并增加核心私募股权领域的活动。
该公司的资产基础融资（ABF）业务预计将大幅增长，KKR的资本市场业务也制定了增长计划。
KKR的盈利渠道比过去12到18个月更健康。
私募股权投资组合的成熟期，其中约50％为四年或以上，再加上强劲的投资表现，预示着未来前景看好。
More details: KKR & Co IR
更多详情： KKR & Co IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。