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 年第一季度業績電話會議記錄：
Financial Performance:
財務業績：
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. 報告稱，第一季度與費用相關的每股收益爲0.75美元，與23年第一季度相比增長22％。
該季度的總營業收益爲每股1.08美元，調整後的每股淨收益爲0.97美元，同比增長20％。
第一季度的管理費爲8.15億美元，比上個季度連續增長4％。
費用相關收益爲6.69億美元，FRE利潤率提高了68％，同比增長700個點子，這要歸因於薪酬框架的改善和強大的支出管理。
保險營業收入爲2.73億美元，這反映了由於最近的大量交易，Global Atlantic的現金和流動性資產的增加。
調整後的淨收益總額爲8.64億美元，合每股0.97美元，未實現附帶利息總餘額增至69億美元。
該公司本季度籌集了310億美元的資金，在過去12個月中籌集了近900億美元的資金，並在本季度向私人市場部署了140億美元。
Business Progress:
業務進展：
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於1月2日關閉了環球大西洋的剩餘權益，現在擁有通用汽車100％的股份。
引入了一個名爲戰略控股的新細分市場，預計將推動營業收益。
該公司提供了長期指導，預計將在2024年到2026年籌集超過3000億美元的資本。
KKR計劃擴大其第三方保險管理資產（AUM），並增加核心私募股權領域的活動。
該公司的資產基礎融資（ABF）業務預計將大幅增長，KKR的資本市場業務也制定了增長計劃。
KKR的盈利渠道比過去12到18個月更健康。
私募股權投資組合的成熟期，其中約50％爲四年或以上，再加上強勁的投資表現，預示着未來前景看好。
More details: KKR & Co IR
更多詳情： 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.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。